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.
I gave web.lotradecoin.net a fair chance. After for roughly four months 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: Risk management tools|API access|Wide product range
Cons: Inactivity fee applies after 12 months|None so far
The spread at web.lotradecoin.net is not what they advertise. During volatile markets it widens so much that you lose before the trade even starts. I found them after attending a webinar they hosted and initially thought the platform was good - until I started trading seriously.
Pros: Wide product range|Transparent fees|Personal attention
Cons: Slow to add new assets|Minimum deposit could be lower
The platform itself is okay, but the customer service at web.lotradecoin.net is truly awful. I waited weeks for a response to a simple inquiry. When they did respond, it felt like a generic template that did not address my specific issue at all.
Pros: Low minimum deposit|Excellent charting|API access
Cons: Account statements could be more detailed
I referred a friend to web.lotradecoin.net after a trusted YouTuber reviewed them. We both deposited. The referral bonus never arrived. Support said we did not meet the terms. When we asked which terms they pointed to a clause that was added after we signed up. Shady.
Pros: Clean UI|Comprehensive tools|Multiple order types|Dedicated account manager
Cons: Slow to add new assets
web.lotradecoin.net locked my account without warning and demanded documents I had already submitted. for a couple of months now later I still do not have access to my funds. Their compliance team does not respond to emails. I am considering legal action.
Pros: Detailed reporting|Multiple order types|Fast execution
Cons: Help articles are sometimes vague