LYREASF 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 found LYREASF based on a colleague's recommendation and the initial impression was positive. But for over three years later, I have encountered so many issues that I cannot recommend them. Trades failing, charts not loading, and support tickets going unanswered for days at a time.
Pros: Dividend tracking|Detailed reporting
Cons: Email notifications too frequent|No live chat on mobile
Tried to withdraw my funds from LYREASF and was told I needed to pay a "withdrawal tax" of 20%. This is a red flag. No legitimate broker charges withdrawal taxes. When I refused, they became aggressive and eventually stopped all communication. My entire investment is gone.
Cons: No regulatory oversight|Money disappeared|Fake testimonials
I am in a dispute with LYREASF over a trade that was clearly erroneous. The price shown was wrong, I closed at a profit, and they reversed the trade and took the money back. They said it was a system error. So I lose and they keep? Unacceptable.
Pros: Competitive fees|Social trading features|Fast deposits|Easy withdrawals
Cons: Mobile app could be improved
I signed up with LYREASF from a review site like this one and the first red flag was the aggressive account manager who would not stop calling. After depositing, the promised support vanished. Withdrawals are delayed with endless excuses. I have reported them to the regulator.
Pros: Economic calendar|Regular updates|Clean UI|Transparent fees
Cons: No crypto staking|Cannot customize dashboard fully
I had a dispute with LYREASF and went to their complaints process. They have an internal team that just defends the company. Then they said I could go to an ombudsman - but the ombudsman they use is industry-funded and rarely rules for the client. The system is rigged.
Pros: Good mobile app|Low minimum deposit|Demo account available|Smooth onboarding
Cons: Search feature is basic
I was about to invest with LYREASF but decided to check their regulatory status first. They claim to be regulated but I could not find them on any official register. Comisión Nacional del Mercado de Valores has actually issued a warning about this firm. Thank goodness I checked before sending any money.
Cons: Not registered with regulators|Unrealistic promises
I experienced a security concern with my LYREASF account and reported it immediately. Their response time was inexcusable for a financial platform. It took them four days to acknowledge my report and another week to actually address it.
Pros: Tax reports included|Educational resources
Cons: No integrated tax optimization|Nothing significant
What really bothers me about LYREASF is the disconnect between their marketing and reality. They position themselves as a premium service but deliver a below-average experience. Found them through a forum discussion and I fell for the polished exterior. Never again.
Pros: Portfolio tracking tools|Comprehensive tools|Instant funding|Copy trading available
Cons: Withdrawal takes 1-2 business days|Email notifications too frequent
I was contacted by LYREASF through social media. They promised guaranteed returns of 20-30% monthly. Being naive, I invested. The "account manager" pressured me to invest more and more. When I finally tried to take profit, my account was frozen and they stopped responding. Classic Ponzi/advance fee fraud.
Pros: Initially responsive customer service
Cons: No regulatory oversight|Money disappeared|Fake testimonials
LYREASF 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: Multi-currency support|Risk management tools
Cons: Withdrawal takes 1-2 business days|No dark mode on mobile