Oppenheimer Lloyd Consultants has been flagged by ASIC (Australia) for "Unlicensed (Legacy)". Phones: 813 457 89054, fax 813 457 89245
Addresses: 1 11 3 Marunouchi Cgiyoda Ku Tokyo Japan 1006208 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.oppenheimerlloyd.com.
If you are reading this considering Oppenheimer Lloyd Consultants - run. I wish I had read more negative reviews after reading several online reviews. I thought the positive ones were real. Maybe some are. My experience over for the past year and a half has been so bad I feel obligated to warn others. Do not make my mistake.
Pros: Multiple order types|Professional team|Excellent charting
Cons: No integrated tax optimization|Spreads widen during volatile periods
Oppenheimer Lloyd Consultants 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: Easy withdrawals|Demo account available|Clean UI
Cons: None so far
Do not be fooled by the professional-looking website. Behind the scenes, Oppenheimer Lloyd Consultants is disorganized and incompetent. I found them after a friend recommended them and I can only assume the positive reviews are either outdated or paid for because my experience was terrible.
Pros: Full transparency|Two-factor authentication
Cons: Research section could be deeper
Oppenheimer Lloyd Consultants locked my account without warning and demanded documents I had already submitted. since the beginning of the year later I still do not have access to my funds. Their compliance team does not respond to emails. I am considering legal action.
Pros: Fast support response|Detailed reporting
Cons: Limited ETF selection|Inactivity fee applies after 12 months
Their execution during news is terrible. I had limit orders in place. When the news hit, my orders were not filled at the limit price - they were filled much worse. Oppenheimer Lloyd Consultants said it was market conditions. Same news, another broker filled me properly. They are not honest.
Pros: Detailed reporting|Fast support response|Clean UI
Cons: Minor UI glitches occasionally
My card was charged twice by Oppenheimer Lloyd Consultants on the same day. I had to dispute it with my bank. Oppenheimer Lloyd Consultants then froze my account and said I had a negative balance because of the chargeback. They created the problem and then punished me for it.
Pros: Wide product range|Automated trading options|Instant funding|Customizable dashboard
Cons: Could offer more webinars
Opened my account with Oppenheimer Lloyd Consultants from a review site like this one and regretted it within the first month. The platform crashed during a critical moment, I lost potential gains, and support basically told me it was not their problem. Absolutely unacceptable behavior.
Pros: Regular platform improvements|API access
Cons: No integrated tax optimization|Spreads widen during volatile periods
The reporting at Oppenheimer Lloyd Consultants 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: Full transparency|Economic calendar|Dividend tracking
Cons: Limited demo account features|Onboarding videos are outdated
I requested my data from Oppenheimer Lloyd Consultants under GDPR. They sent a partial export that was missing months of transactions. When I asked for the rest they said it was a technical issue. Still waiting. They do not take data rights seriously.
Pros: Demo account available|Risk management tools
Cons: Onboarding videos are outdated
Customer support at Oppenheimer Lloyd Consultants 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: Easy to use platform|Portfolio tracking tools|Responsive team
Cons: No crypto staking|Email notifications too frequent