web.lotradecoin.net has been flagged by AMF (France) for "Unauthorised". Category: Produits_dérivés_sur_crypto-actifs This company appears in our regulatory warnings database. Always verify with official regulatory sources before investing or doing business with this firm. Website domain: web.lotradecoin.net.
My withdrawal request from web.lotradecoin.net has been pending for over two weeks now. Every time I contact support, I get the same copy-paste response about processing times. This is unacceptable for a financial platform in this day and age.
Pros: Good analytical tools|Smooth onboarding
Cons: Help articles are sometimes vague
I found web.lotradecoin.net through a podcast recommendation and the initial impression was positive. But for the past year and a half 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: Multiple order types|No hidden fees|Professional team
Cons: No live chat on mobile|Account statements could be more detailed
After for about ten months with web.lotradecoin.net, 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: Multi-device support|Transparent fees
Cons: Research section could be deeper|No fractional shares
The reporting at web.lotradecoin.net 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: Tax reports included|Clean UI|Helpful community forum|Good analytical tools
Cons: Spreads widen during volatile periods|Could offer more webinars
Do not use web.lotradecoin.net for anything serious. I used them for close to eighteen months for small trades and it was okay. When I deposited a larger amount and traded more, my account was flagged, my withdrawals were delayed, and I was asked to explain my trading. They treat active traders like criminals.
Pros: Low minimum deposit|Reliable uptime|Market news feed
Cons: Could offer more webinars
I wanted to transfer my portfolio from another broker to web.lotradecoin.net. They said they do not accept in-kind transfers for my asset type. I had to sell, withdraw, deposit, and rebuy - incurring taxes and spread costs. They did not tell me this before I signed up.
Pros: Fast deposits|Fast support response|Clear documentation|Transparent fees
Cons: Onboarding videos are outdated
Their two-factor authentication was optional when I joined. I enabled it. Later I lost my phone and could not log in. web.lotradecoin.net recovery process took 3 weeks and required notarized documents. By then I had missed important trades. Their security is your inconvenience.
Pros: Excellent charting|High security standards|Instant funding|Social trading features
Cons: Mobile app could be improved
I am in a dispute with web.lotradecoin.net 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: No hidden fees|Helpful community forum|Social trading features
Cons: Currency conversion fee exists
web.lotradecoin.net 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: Smooth onboarding|Clean UI
Cons: No integrated tax optimization|Charting tools need more indicators
KYC with web.lotradecoin.net 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: Detailed reporting|Easy to use platform|Regular platform improvements
Cons: No crypto staking|Minimum deposit could be lower