Hank a.

Pros:
Pay as promise that's all
Cons:
1) a cess-pool of copcats no control from FL
2) pullout from contest holder over 100$ prize money about 33%
3) 75% of contest below 4$ pay out to designers
4) Contest holders use this site to pay for other work done
5) support are robots I got infraction because I used as per contest holder a Cessna plane yet the winner got to win also using a clipart and using my idea
6) FL let's CH Post contest for less than 2$ pay out to designers that requires a full days work to complete this is abuse from this site basically slave labor
7) minimum payout is 30$ so imagine at $2 winning for the majority of context and % of pullout how much work it takes to just make 10 cents an hour
8) 'yes you do not have to participate in contest that pay less then it cost to buy a french frie at MacDonald but some designers from example bagaladesh need to eat
To sum it up
(For client)
If you want a logo done super cheap less then 7$ USD FL is the place to go if you do not like the 10$ you invested in your company you may pullout and just lose your deposit
But if you paid examples 300$ and rated one design 5 stars all you will be getting is copycats if that design so many it's incredible and confusing because some studio have dozen of designers waiting for contest to almost be over and post hundreds of copcats
(For designer in contest)
If you are talented and have good ideas do not join
All your work will be a oopied
(For designer on 1 on 1 bids for work)
If you want to work at 1-3$ an hour's go for it

P.s. I do not know where FL gets these positive stars surely from clients that got a logo done from 100+ designers for less than 10$ this site is an insult to any talented designer