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Rating Forex / Brokers / Larson&Holz IT Ltd

Larson&Holz IT Ltd

Cheated by a financial organization, does not withdraw money? Do you want to check the financial company?

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    How a fraudulent broker Larson&Holz IT Ltd manipulates the opinions of clients - reviews about the unreliability of the company

    Larson&Holz IT Ltd is a brokerage company founded in 2004, offering a wide range of services for trading in financial markets. Since its founding, the office has allegedly been actively developing, providing clients with access to trading currencies, stocks, commodities and other financial instruments through the popular MetaTrader 4 and MetaTrader 5 platforms. The administration states that their project stands out from other brokers with its innovative services, such as cryptocurrency accounts, ECN/NDD trading, no deposit trading, social network of traders and others. Sharaga got into a loud scandal, and the project management faces criminal liability.

    Status

    SCAM

    Year of foundation

    2004

    Affiliate program

    Yes

    Regulation and jurisdiction

    Marshall Islands

    Website

    https://lh-broker.biz/

    Contacts

    +852-3015-68-32

    8-800-550-00-15

    [email protected] 

    Ajeltake Road, Ajeltake Island Majuro, Marshall Islands МН96960

    Pros
    • There are positive reviews
    Cons
    • The Russian branch is closed, and its head is put on trial
    • There are problems with withdrawing money
    • High spreads and hidden commissions
    Trading Platform

    MetaTrader4 (MT4)

    MetaTrader5 (MT5)

    Mobile Platform

    Types of accounts

    Start Account 

    Standard Account

    Pro Account

    Currency

    USD, EUR, RUR

    Deposit/withdrawal

    Credit cards Visa/Mastercard/Maestro

    Electronic wallets

    Cryptocurrency

    International payment systems PayPal, Perfect Money, Qiwi, Webmoney

    WireTransfer

    Min Deposit

    $250

    Leverage

    1:50-1:500

    Spread

    From 0.0 points (floating and fixed)

    Financial Instruments

    Currency pairs, cryptocurrency, indices, commodities, precious metals, shares of large international companies, energy

    Order execution

    Market Execution

    Bonus

    No

    Min order

    0.01

    Broker profile Larson&Holz IT Ltd

    The company’s main office is located in the Marshall Islands, which indicates an offshore jurisdiction. The company is also registered in Saint Vincent and the Grenadines, which is a popular choice for financial companies due to its favorable tax laws and simplified regulation. The local financial auditor does not regulate brokerage organizations, which increases risks for investors.

    Holz&Larson IT LTD focuses on providing quality services and customer support, offering a variety of trading instruments and conditions:

    • maximum leverage 1:500;
    • floating spreads from 0 points;
    • Minimum deposit of $250.

    The company promises highly qualified technical support and a variety of bonuses and promotions for its clients.

    The site is regulated by VFSC (Vanuatu Financial Services Commission), which is standard practice for many offshore brokers. However, it is worth noting that information about licensing and regulation raises questions among clients, as offshore regulators often provide less protection to investors compared to regulators from countries with stricter financial supervision.

    Brand Larson&Holz IT Ltd includes several legal entities, separated functionally and geographically. The company has representative offices in various countries, including Russia, Ukraine, as well as in the USA and other regions. This allows us to serve a wide range of clients around the world. Many project offices have already closed because the sharaga is close to the final scam.

    Despite its offshore registration, the forex kitchen strives to maintain a positive reputation among traders by offering a variety of services and support. Customer reviews are mostly positive, although you can also find critical comments on the Internet, mainly related to withdrawal conditions and regulation. The lion’s share of complimentary comments is a cheap order.

    In Russia, sharaga operates illegally, which increases suspicions of fraud on the part of Official site of Larson&Holz IT Ltd the broker does not contain scanned copies of the declared licenses. Scammers lie to traders about financial regulation. In fact, this is an illegal SCAM project; investors should avoid cooperation with such scammers.

    Exposing the broker Larson&Holz IT Ltd

    The work of the dubious broker raises many questions and criticism, especially given its offshore registration in the Seychelles and management from the Republic of the Marshall Islands. Despite its long history and the presence of numerous branches around the world, including Russia, Montenegro, Mexico, Kazakhstan, Cyprus and Ukraine, the company is subject to accusations of fraud and unfair practices.

    Signs of fraud and criticism of Larson Holtz Aiti Ltd:

    • the project is registered in an offshore zone, which in itself raises concerns. The company operates without a license and permits, which calls into question its reliability and safety for traders;
    • Unlike many other brokers, the kitchen invites its partners to open representative offices instead of the standard practice of paying for attracting clients. This has resulted in a large number of affiliates, some of which may use questionable practices, including offering paid training that is not officially provided by the company;
    • the dealer should not offer training, signals and support, as this leads to a conflict of interest;
    • reviews mention that traders should be careful with large deposits and always check that quotes correspond to market ones;
    • depending on the size of the deposit, sharaga limits access to certain assets, which will be a disadvantage for traders who want to expand their trading portfolio;
    • some positive reviews about the company are custom-made, especially those that mention cryptocurrency, information about which is not on the company’s official website;
    • For Russians, working with a scam is too risky due to the lack of regulation and investment protection from the Central Bank of the Russian Federation. The company does not act as a tax agent, which requires traders to take care of their tax obligations on their own.

    The above arguments are a clear illustration of why money cannot be trusted Larson&Holz IT Ltd investments in opening a trading account will be lost, since scammers are focused only on accepting savings. They will not pay the client anything, not caring about all the guarantees and promises.

    What happened to the broker Larson&Holz IT Ltd

    Events surrounding the activities of the representative office of the offshore forex broker Larson&Holz in St. Petersburg, which began at the beginning of 2020, attracted significant attention from the public and law enforcement agencies. Despite the apparent calm, the criminal case against the head of the branch, Kirill Kuzin, remains open, and legal proceedings continue.

    In January 2020, the Kuibyshevsky District Court of St. Petersburg decided to imprison six persons related to a case of large-scale fraud, including Kirill Kuzin. The accused were suspected of committing a crime under Part 4 of Article 159 of the Criminal Code of the Russian Federation. Among other things, Kuzin and his accomplices refused to testify.

    Court materials show that Kuzin is at large, but under recognizance not to leave the place. Court documents indicate that the preventive measure against Kuzin was left unchanged, and the victims’ request to seize the property was rejected.

    The prosecutor’s office draws attention to the fact that Kuzin created a false broker, a copy of a foreign counterparty, misleading clients that the trading account would be opened with a well-known foreign brokerage company with a good reputation. The MetaTrader trading terminal was configured in such a way that it created the impression of real trading activity, while in fact the conditions were deliberately unfavorable for clients, leading to the zeroing of their funds.

    The prosecutor emphasizes that the actions of Kuzin and his accomplices led to the creation of a false impression among individuals about the loss of funds due to natural market reasons, while in fact this was the result of fraudulent actions.

    Kuzin’s role in the crime is described as organizational. He not only created a group to steal money from an unlimited number of citizens, but also developed in detail the plan and method of committing the crime, including information and technical support for criminal activities.

    All regional offices operate on this principle. Larson&Holz IT Ltd personal account a broker under this brand has a fatal mistake that will lead to the loss of your deposit.

    Expert opinion

    Eugene Rudenko

    CompanyLarson&Holz IT Ltd is indeed an officially registered project, but its activities are not regulated by anyone, the broker refuses to publish financial statements. Therefore, the company’s accusations of fraud seem quite justified. Investors are better off refusing the project’s services.

    Want to spread the word about your company or have you been in a negative review? Contact the portal editorial office right now

    Reviews about the broker Larson&Holz IT Ltd

    Negative opinions prevail in RuNet, indicating serious problems in the company’s work Larson&Holz IT Ltd reviews show that investors are losing money massively due to the fault of the counterparty. 

    Alexey from Russia describes in detail his experience of working with the broker, highlighting a number of significant disadvantages, such as high commissions, triple swaps, creating conditions for maximum damage to the client, slippage on deferred orders, problems when withdrawing funds and restrictions when transferring a transaction to break-even mode. These factors, in his opinion, indicate that the company works in kitchen mode with clients with a small deposit and does not bring operations to the real market. He considers the only advantage to be the quick transfer of funds to the account.

    Marina wonders if anyone was able to withdraw their money or win a money-back lawsuit, which indicates problems with cashouts for other clients. A comment from a user named Yard suggests that trust management leads to loss of money, highlighting dissatisfaction with the work of company managers.

    Reviews from Sirious and Oleg categorically call Larson&Holz a scam and a disgrace, pointing out problems with the operation of the terminal and managing accounts in real conditions compared to a demo account. Timur and Narvin also express their dissatisfaction, calling the project dishonest and pointing out technical problems when trying to top up their account.

    User comments show that the scam only works to accept money. Fraudulent quotes allow fraudsters to drain customer deposits.

    Conclusion

    Beginners should avoid the project Larson&Holz IT Ltd overview office showed systematic violations of user rights. Scammers will easily find a reason to steal the client’s money. If you want a return on your investment, write to us and we will help you make a chargeback

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    FAQ

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    How do customer reviews influence Larson&Holz IT Ltd on the company's rating?

    Customer reviews are one of the main criteria influencing the reputation and position of a broker in the ranking of reliable companies. You can view reviews about Larson&Holz IT Ltd on the main broker profile page.

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    How to write a review about cooperation with Larson&Holz IT Ltd Online Forex rating?

    You must register on the official Forex Rating website. This procedure is free and will take very little of your time. To confirm your registration, you will receive an email with a link where you will find detailed instructions on how toleave a review about the company Larson&Holz IT Ltd.

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