Loop Broker (loopbroker.ltd) has been flagged by ASIC (Australia) for "Unlicensed". Phones: +(44) 7565 730428
Addresses: UGLAND HOUSE, GRAND CAYMAN, Cayman Islands, KY1-1104 This company appears in our regulatory warnings database. Always verify with official regulatory sources before investing or doing business with this firm. Website domain: loopbroker.ltd.
The so-called education at Loop Broker (loopbroker.ltd) is just marketing. Every webinar ends with a push to deposit more. The market analysis is generic and often wrong. If you want real education go elsewhere. I wasted for about ten months thinking they would help me learn.
Pros: Customizable dashboard|API access
Cons: Account statements could be more detailed
Customer support at Loop Broker (loopbroker.ltd) 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: Smooth onboarding|Quick verification
Cons: Account statements could be more detailed
I trusted Loop Broker (loopbroker.ltd) with a significant portion of my savings and I deeply regret that decision. Not because of market losses, but because of how poorly the platform performed and how dismissively the support team treated my concerns.
Pros: Great customer service|Multi-currency support|Dividend tracking
Cons: No fractional shares
I closed a profitable position at Loop Broker (loopbroker.ltd) and the profit was not credited for 5 days. Support said it was a settlement delay. When it finally arrived it was less than the amount shown on the platform. They could not explain the difference. I have moved my account.
Pros: Intuitive for beginners|Helpful community forum|Segregated accounts|Portfolio tracking tools
Cons: Cannot customize dashboard fully|Limited social trading features
Loop Broker (loopbroker.ltd) advertises low fees but once you dig into the fine print, there are numerous charges that add up quickly. Inactivity fees, withdrawal fees, currency conversion fees - it all eats into your returns. I wish I had read the terms more carefully.
Pros: Good analytical tools|API access|Instant funding|No hidden fees
Cons: Mobile app could be improved
Loop Broker (loopbroker.ltd) 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: Customizable dashboard|Competitive fees
Cons: Minimum deposit could be lower|No crypto staking
I wanted to transfer my portfolio from another broker to Loop Broker (loopbroker.ltd). 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: High security standards|Social trading features
Cons: Mobile app could be improved|Withdrawal takes 1-2 business days