www.lotsfx.com has been flagged by AMF (France) for "Unauthorised". Category: Forex 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.lotsfx.com.
The spread at www.lotsfx.com is not what they advertise. During volatile markets it widens so much that you lose before the trade even starts. I found them after comparing multiple platforms and initially thought the platform was good - until I started trading seriously.
Pros: Regular updates|Dividend tracking|Good mobile app
Cons: Desktop app not available on Linux
The hidden fees at www.lotsfx.com are the real scandal here. What they advertise and what they actually charge are two different things. By the time I realized how much I was paying in various fees and spreads, I had already lost a meaningful amount.
Pros: Tax reports included|Automated trading options
Cons: No fractional shares|Limited social trading features
I had high hopes for www.lotsfx.com after hearing about them at a conference, but my experience has been disappointing. Customer support is slow, the platform has frequent issues, and their fee structure is not as transparent as advertised. I am actively looking for alternatives now.
Pros: Instant funding|Real-time alerts|Personal attention|Copy trading available
Cons: Limited social trading features
www.lotsfx.com 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: Automated trading options|Smooth onboarding
Cons: Cannot customize dashboard fully|No crypto staking
I found www.lotsfx.com from a review site like this one 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: Instant funding|Helpful community forum|Comprehensive tools
Cons: Limited demo account features|Limited cryptocurrency options
After for about three months with www.lotsfx.com, 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: Wide product range|Comprehensive tools|Multi-currency support
Cons: Limited ETF selection
The reporting at www.lotsfx.com 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: Clean UI|Two-factor authentication
Cons: No fractional shares|No dark mode on mobile
I am in a dispute with www.lotsfx.com 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: Fast support response|Fast deposits|Customizable dashboard|Economic calendar
Cons: No integrated tax optimization|No dark mode on mobile
I wanted to transfer my portfolio from another broker to www.lotsfx.com. 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: Tax reports included|Low minimum deposit|Multiple order types
Cons: No fractional shares
Do not use www.lotsfx.com for anything serious. I used them for the past year and a half 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: Instant funding|Copy trading available
Cons: Wish they had more educational resources