LOTUS WEALTH TRADE has been flagged by Comisión Nacional del Mercado de Valores 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 looked into LOTUS WEALTH TRADE and found they appear in the regulatory warnings database. Comisión Nacional del Mercado de Valores has issued a notice about this firm. Whether this is a misunderstanding or a serious concern, the fact remains that proper due diligence is essential. Always verify the regulatory status of any company before investing your hard-earned money.
Cons: Listed in IOSCO I-SCAN|May not be authorized in your jurisdiction
LOTUS WEALTH TRADE offers copy trading. I copied a top trader. The copy trades often executed at worse prices than the original. When I asked why they said it was due to latency and liquidity. So the feature is broken or they are skimming. Either way I stopped using it.
Pros: Multi-device support|Portfolio tracking tools|Fast execution
Cons: Live chat only during business hours|Withdrawal takes 1-2 business days
Customer support at LOTUS WEALTH TRADE 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: Risk management tools|Dedicated account manager|No hidden fees
Cons: Onboarding videos are outdated
The mobile app from LOTUS WEALTH TRADE is dangerous. I placed an order that showed as pending, so I placed another. Both executed and I was overexposed. When I complained they said it was user error. The app design is misleading.
Pros: Segregated accounts|Economic calendar|Dividend tracking|API access
Cons: Currency conversion fee exists