Shoplife Trading has been flagged by Financial Conduct Authority 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.
Do not believe the bonus offer from Shoplife Trading. The turnover requirement is designed so you can never withdraw. I learned the hard way. I deposited through a podcast recommendation and the bonus terms were buried in pages of small print. My fault for not reading but their design is predatory.
Pros: Dividend tracking|Risk management tools
Cons: Minimum deposit could be lower
I trusted Shoplife Trading with a significant portion of my savings and I deeply regret that decision. Not because of market losses, but because of how poorly the platform performed and how dismissively the support team treated my concerns.
Pros: Fast deposits|Tax reports included|Clear documentation|Professional team
Cons: Onboarding videos are outdated
After since I opened my account last year with Shoplife Trading, I can only describe the experience as death by a thousand cuts. No single issue was catastrophic, but the constant stream of small problems, slow responses, and missing features wore me down until I finally left.
Pros: API access|Real-time alerts|Instant funding
Cons: Onboarding videos are outdated|Cannot customize dashboard fully
For anyone considering Shoplife Trading, please be aware that this company has been flagged by Financial Conduct Authority. This does not necessarily mean they are a scam, but it does mean they may not be authorized to operate in certain jurisdictions. I strongly recommend checking the official regulator website before making any investment decisions.
Pros: Information is publicly available for verification
Cons: Appears in regulatory warnings database|Uncertain regulatory status
I closed a profitable position at Shoplife Trading and the profit was not credited for 5 days. Support said it was a settlement delay. When it finally arrived it was less than the amount shown on the platform. They could not explain the difference. I have moved my account.
Pros: Two-factor authentication|High security standards|Detailed reporting|Educational resources
Cons: Could offer more webinars|Limited social trading features
I invested $2,000 with Shoplife Trading after seeing their professional-looking website. At first, everything seemed fine - they showed me impressive returns on my dashboard. But when I tried to withdraw, they kept making excuses. First it was "processing time," then "verification needed," then "you need to pay a tax fee first." I never got my money back. I have since reported them to Financial Conduct Authority.
Cons: Cannot withdraw funds|Not regulated|Pressure tactics
Shoplife Trading has no proper customer support. The live chat is a bot. The phone number goes to a call center that cannot access your account. Email takes two weeks. When I had a real problem they were nowhere to be found.
Pros: Transparent fees|Portfolio tracking tools
Cons: No phone support on weekends
Opened my account with Shoplife Trading after a friend recommended them 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: Detailed reporting|Regular updates
Cons: Help articles are sometimes vague
If you are reading this considering Shoplife Trading - run. I wish I had read more negative reviews through a forum discussion. I thought the positive ones were real. Maybe some are. My experience over for close to eighteen months has been so bad I feel obligated to warn others. Do not make my mistake.
Pros: Easy withdrawals|Wide product range|Real-time alerts|Personal attention
Cons: Live chat only during business hours|Search feature is basic
KYC with Shoplife Trading is a nightmare. I submitted my ID and proof of address. They rejected it and asked for a utility bill. I sent it. They asked for a bank statement. Then they asked for a selfie with the ID. Then they said the selfie did not match. I gave up.
Pros: Intuitive for beginners|Real-time alerts|Risk management tools
Cons: No phone support on weekends