LooneyTrade Ai Pro App has been flagged by Financial Conduct Authority for "Unregistered/Unlicensed entity offering financial products or services". This company appears in our regulatory warnings database. Always verify with official regulatory sources before investing or doing business with this firm.
I requested my data from LooneyTrade Ai Pro App under GDPR. They sent a partial export that was missing months of transactions. When I asked for the rest they said it was a technical issue. Still waiting. They do not take data rights seriously.
Pros: Segregated accounts|Multi-device support|Real-time alerts|Helpful community forum
Cons: Currency conversion fee exists
LooneyTrade Ai Pro App has the worst mobile app I have ever used for investing. It crashes constantly, features that work on desktop are missing entirely, and the security implementation is questionable at best. How they released this app is beyond me.
Pros: Responsive team|Tax reports included|Regular updates
Cons: Research section could be deeper|Some tools only available on higher tiers
The only good thing about LooneyTrade Ai Pro App is that they remind you why regulation matters. I found them after attending a webinar they hosted. They are regulated in a jurisdiction with weak consumer protection. When things went wrong I had nowhere to turn. Stick to well-regulated brokers.
Pros: Good analytical tools|Personal attention|API access|Helpful community forum
Cons: No integrated tax optimization
After using LooneyTrade Ai Pro App for nearly two years, I decided to move my account elsewhere. The platform was unreliable, withdrawals took an unreasonable amount of time, and I could never get a straight answer from customer service. Frustrating experience overall.
Pros: API access|Responsive team|Detailed reporting|Fast support response
Cons: Currency conversion fee exists|No integrated tax optimization
What really bothers me about LooneyTrade Ai Pro App is the disconnect between their marketing and reality. They position themselves as a premium service but deliver a below-average experience. Found them after seeing their ad online and I fell for the polished exterior. Never again.
Pros: Great customer service|Social trading features|Wide product range
Cons: Email notifications too frequent
I had high hopes for LooneyTrade Ai Pro App from a review site like this one, but my experience has been disappointing. Customer support is slow, the platform has frequent issues, and their fee structure is not as transparent as advertised. I am actively looking for alternatives now.
Pros: Stable platform|Competitive fees|Helpful community forum
Cons: Alert system is basic
I want to warn everyone about LooneyTrade Ai Pro App. They have been flagged by Financial Conduct Authority 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.
Pros: Initially responsive customer service
Cons: No regulatory oversight|Money disappeared|Fake testimonials
Several red flags with LooneyTrade Ai Pro App: (1) They promise unrealistically high returns, (2) They're not registered with Financial Conduct Authority, (3) Their contact information is vague, (4) They pressure you to deposit quickly. I recommend everyone do thorough due diligence before investing with any company.
Cons: Not registered with regulators|Unrealistic promises
I wanted to transfer my portfolio from another broker to LooneyTrade Ai Pro App. They said they do not accept in-kind transfers for my asset type. I had to sell, withdraw, deposit, and rebuy - incurring taxes and spread costs. They did not tell me this before I signed up.
Pros: Great customer service|Automated trading options|Smooth onboarding
Cons: Website design could be more modern
LooneyTrade Ai Pro App seems more interested in acquiring new customers than taking care of existing ones. The marketing is aggressive but the product is mediocre. Once you are past the honeymoon period, the cracks in their service become very apparent.
Pros: Transparent fees|Real-time alerts|Clean UI|No hidden fees
Cons: Some tools only available on higher tiers