Lock Coin has been flagged by Autorité des marchés financiers for "Unregistered/Unlicensed entity offering financial products or services". Lock Coin is not registered with the Autorité des marchés financiers (AMF) and is not authorized to solicit investors in Québec.
Last known city: London, United Kingdom. This company appears in our regulatory warnings database. Always verify with official regulatory sources before investing or doing business with this firm. Website domain: lockcoin.net.
I found this company through a friend who recommended it. Before investing, I checked various regulatory databases and found that Lock Coin has been flagged as an unauthorized entity. I informed my friend immediately. Please always verify with official sources - a quick search could save you thousands.
Cons: Listed in warning databases|No transparency|Pressure to invest quickly
I signed up with Lock Coin after reading several online reviews and the first red flag was the aggressive account manager who would not stop calling. After depositing, the promised support vanished. Withdrawals are delayed with endless excuses. I have reported them to the regulator.
Pros: Fast deposits|Good mobile app
Cons: Minimum deposit could be lower|Mobile app could be improved
Tried to withdraw my funds from Lock Coin and was told I needed to pay a "withdrawal tax" of 20%. This is a red flag. No legitimate broker charges withdrawal taxes. When I refused, they became aggressive and eventually stopped all communication. My entire investment is gone.
Pros: Professional looking website
Cons: Withdrawal fees demanded|Communication cut off|Not authorized
The spread at Lock Coin is not what they advertise. During volatile markets it widens so much that you lose before the trade even starts. I found them after comparing multiple platforms and initially thought the platform was good - until I started trading seriously.
Pros: Portfolio tracking tools|Segregated accounts|Smooth onboarding|Instant funding
Cons: Limited social trading features|Minimum deposit could be lower
Their execution during news is terrible. I had limit orders in place. When the news hit, my orders were not filled at the limit price - they were filled much worse. Lock Coin said it was market conditions. Same news, another broker filled me properly. They are not honest.
Pros: Real-time alerts|Fast execution
Cons: Search feature is basic|Would like more payment methods
The platform at Lock Coin is riddled with bugs. Charts display incorrect data, order confirmations sometimes fail silently, and the portfolio tracker disagrees with actual positions. After for roughly four months of dealing with this, I have had enough.
Pros: Portfolio tracking tools|Multi-currency support|Competitive fees|Segregated accounts
Cons: Slow to add new assets|No integrated tax optimization
My withdrawal request from Lock Coin has been pending for over two weeks now. Every time I contact support, I get the same copy-paste response about processing times. This is unacceptable for a financial platform in this day and age.
Pros: Two-factor authentication|Good analytical tools|Fast execution|Easy withdrawals
Cons: Charting tools need more indicators|Slow to add new assets
I want to warn everyone about Lock Coin. They have been flagged by Autorité des marchés financiers as an unauthorized entity. I wish I had checked before investing. They use high-pressure sales tactics and fake testimonials. Once you send money, getting it back is nearly impossible.
Cons: Blocked my account|No legitimate license|Fake returns
Customer support at Lock Coin seems to be run by people who have never used the platform. Every time I call with an issue, I end up explaining how their own system works before they can help me. It would be funny if my money was not involved.
Pros: Two-factor authentication|Customizable dashboard
Cons: Limited cryptocurrency options
This company appears on the IOSCO I-SCAN international warnings list. Over 68 financial regulators worldwide contribute to this database. While being listed doesn't automatically mean fraud, it's a significant red flag that potential investors should take seriously. Do your research thoroughly.
Pros: Information is publicly available for verification
Cons: Listed in IOSCO I-SCAN|May not be authorized in your jurisdiction