Also found this on LBC terms
You acknowledge that our decision to limit, suspend, or terminate your account, may be based on confidential criteria that are essential to our risk management and security protocols and that we are under no obligation to disclose the details of our risk management and security procedures to you unless otherwise provided by the Privacy Policy.
Which is the shittiest I have ever read for today. This mean they can just randomly suspend any account without telling you the reasons why they were suspended because of this TOS.
I doubt if that is legal, although I assume they will have been legally advised to write their TOS. But just because there is a clause in the TOS and you accept it doesn't automatically make it legally valid. They could also put that you have to give them a kidney if they feel like it and that would be null and void.
No, it's legal, termination of a contract without reason is not an "unfair" contract as long as it gives the other party the same chance of doing so.
Basically, a bank or a merchant or any kind of provider as long as it offers you the opportunity to cancel your contract with them at any given time without previous notice can demand the same from you. There is absolutely no law in Europe where somebody is forced to serve you when it comes to financial services, the only exception is that every EU citizen must be able to open a single bank account in the EU, and that's it.
That doesn't, of course, stop you to file a case for unfair treatment or for damages that have resulted from such but it doesn't prevent them from not wanting you as a customer, and of course, you would have to return all the funds the customer has.
But, speaking of this thread, I got used to those topics about LB with no proofs and especially from users with interesting usernames
