lyfelete.com has been flagged by Cyprus Securities and Exchange Commission 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. Website domain: lyfelete.com.
I gave lyfelete.com a fair chance. After since last summer of usage, I can say with confidence that there are far better options available. The interface is clunky, the fees are higher than competitors, and the customer support team seems overwhelmed or understaffed.
Pros: Low minimum deposit|Tax reports included|Dividend tracking|Fast execution
Cons: Limited cryptocurrency options|Limited ETF selection
lyfelete.com 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: Regular updates|Comprehensive tools|Instant funding|Good mobile app
Cons: Live chat only during business hours
My withdrawal from lyfelete.com was rejected three times for vague reasons. Each time they asked for more documents. When I finally provided everything, they said my account was under review. for just over a year of being strung along.
Pros: API access|Good mobile app
Cons: Slow to add new assets