LSE (lexfrj.com) has been flagged by ASIC (Australia) for "Unlicensed". This company appears in our regulatory warnings database. Always verify with official regulatory sources before investing or doing business with this firm. Website domain: www.lexfrj.com.
I had high hopes for LSE (lexfrj.com) after attending a webinar they hosted, 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: Two-factor authentication|Multi-currency support
Cons: No integrated tax optimization
LSE (lexfrj.com) 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: Fast execution|Social trading features|Clean UI|Detailed reporting
Cons: Account statements could be more detailed|Alert system is basic
The only good thing about LSE (lexfrj.com) is that they remind you why regulation matters. I found them from a blog post comparing services. 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: Intuitive for beginners|Clear documentation|Tax reports included|Two-factor authentication
Cons: Slow to add new assets
I lost a significant amount because LSE (lexfrj.com) did not execute my stop loss during a flash crash. They said the market was illiquid. Other brokers managed to execute. I have no proof they did not trade against me. Avoid.
Pros: Smooth onboarding|Detailed reporting|Responsive team
Cons: No phone support on weekends
The so-called education at LSE (lexfrj.com) 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: Economic calendar|Regular updates|Copy trading available|Multiple order types
Cons: No integrated tax optimization|Account statements could be more detailed
The spread at LSE (lexfrj.com) is not what they advertise. During volatile markets it widens so much that you lose before the trade even starts. I found them after a friend recommended them and initially thought the platform was good - until I started trading seriously.
Pros: Real-time alerts|Regular platform improvements|Multi-device support
Cons: No live chat on mobile|Wait times can be long during peak hours
The reporting at LSE (lexfrj.com) is laughably bad. Tax documents are inaccurate, transaction histories have gaps, and trying to export data for your accountant is a nightmare. For a financial platform, getting the numbers right should be the bare minimum.
Pros: Portfolio tracking tools|Dividend tracking
Cons: Limited ETF selection|Inactivity fee applies after 12 months
The platform itself is okay, but the customer service at LSE (lexfrj.com) is truly awful. I waited weeks for a response to a simple inquiry. When they did respond, it felt like a generic template that did not address my specific issue at all.
Pros: Instant funding|Intuitive for beginners|Low minimum deposit|Personal attention
Cons: Currency conversion fee exists
Where do I even begin with LSE (lexfrj.com)? for the past year and a half of broken promises, unanswered tickets, and a platform that feels like it was built in 2010. They spend more on marketing than on actually improving their service. Stay away from this company.
Pros: Clean UI|Multi-device support|Dedicated account manager
Cons: Slow to add new assets
If you are reading this considering LSE (lexfrj.com) - run. I wish I had read more negative reviews after a friend recommended them. I thought the positive ones were real. Maybe some are. My experience over for about ten months has been so bad I feel obligated to warn others. Do not make my mistake.
Pros: Good analytical tools|Reliable uptime|API access
Cons: Could offer more webinars