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Larbor Forex Broker provides real users with * positive reviews, 1 neutral reviews and 4 exposure review!

Larbor Broker Review

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Larbor Review 5

Latest All(5) Neutral(1) Exposure(4)
Neutral
Larbor Platform Review: Functional Yet Unflashy Alternative to MetaTrader

Larbor seems alright. Their platform isn't bad, but it's not the flashiest either. It gets the job done, but might take some getting used to if you're coming from a more advanced platform, like metrader platforms.

Arjun G
2024-07-11
Exposure
I was induced to deposit US$250,000 but was not allowed to withdraw the money for various reasons.

download soontrade5 from the app store in hong kong (this app has been removed from the shelves in hong kong). at first, i used the broker gomax (this broker disappeared), and then i was asked to switch to another broker. Larbor . for the first time, i can deposit, trade and withdraw money normally. customer service will not let you cancel when you participate in the $100,000 newcomer activity; after completing the newcomer activity, customer service will say that no one else can deposit money on your behalf; after completing the $100,000 deposit alone, customer service will say that if you complete it overdue, you will need to deposit another $100,000 to increase your credit score; after completing the credit score improvement the customer service also said that the money in the account was black money and asked me to deposit another us$90,000 in risk reserves to show my innocence. the customer service did not provide any terms and conditions during the entire process. everything was decided by the customer service afterwards. during this period, they were constantly threatened that if the process was not completed, it would be illegal and subject to punishment. in the end, i didn't pay the deposit due to insufficient funds, and i didn't encounter any consequences that the customer service claimed would happen. the accounts entered are all private accounts opened by chinese people. after checking with the relevant hong kong authorities, they said they were shadow accounts, accounts used to illegally defraud property and launder money.

Trader9452
2023-12-01
Exposure
I guess he's a liar!

A man who claimed to be of mixed Chinese and American descent added me and said that he was defrauded of 150,000 US dollars on this platform, and then strongly recommended a coin recovery company to me. The key point is that he asked me if I still have a U in my account? Liar!

luciawong
2023-11-29
Exposure
Basically the same as heying's operation, it should be the same fraud groups

I saw that some Hong Kong compatriots were also deceived, so I hope it can serve as a warning to everyone. If anyone knows any new information, please let me know. Thank you very much!

luciawong
2023-11-23
Exposure
change name from gomax Larbor continuously induce deposits but refuse withdrawals for various reasons

a man on ig said he found me on the recommender list. he spends a lot of time chatting with me every day, and his replies are quick and the content is very true. he persuaded me to do foreign exchange trading many times. under his guidance, i downloaded the software soontrade5 (now removed from the shelves) on the application platform, and used the broker gomax (now renamed Larbor ). for the first time, i can deposit money and trade normally and withdraw money immediately. after the second transaction was completed, he said he would complete a $100,000 newcomer activity with me. i said i had no money, and he said he would help me complete it. after participating, he said he didn't have that much money and asked me to get a loan. i immediately applied to customer service for cancellation but was rejected. i was threatened and intimidated that if i failed to complete the activity within 5 days, i would be fined for overdue fees and my personal tax would be affected. the letter will be sent to the international securities regulatory commission for processing. the man then made his first deposit, followed by two or three more. after i had no choice but to take out a loan to complete the event, the platform said that the newcomer event did not accept deposits from others and required me to complete the deposit of us$100,000 by myself. since the money is stuck in the platform account, i can only continue to borrow money. after the deposit was completed, the customer service said that because i completed the newbie activity overdue, the platform reputation points were insufficient, and i needed to increase the platform reputation points by 5 points within 7 days before i could withdraw money. 1 point for 20,000 us dollars, others can deposit money on your behalf. the man said he would lend me money to help me, but i had no choice but to continue the loan. after completing the deposit within the time limit, the customer service said that the man's deposit was black money, and asked me to pay a risk reserve of almost 100,000 us dollars to prove that i was not involved in money laundering. he also kept threatening that i needed to pay money, otherwise there would be overdue fines. , freeze the account and submit it to the international securities regulatory commission. at this time, i had nothing to borrow, and the man said he would find a way to borrow money. but in the end it couldn't be completed due to insufficient funds. apart from deducting money, the platform did not have any consequences it claimed would happen.

Trader9452
2023-11-23

  

Larbor 2025 Review: Everything You Need to Know

  Summary: Larbor, a relatively new forex broker, has garnered significant scrutiny due to its lack of regulation and numerous user complaints regarding withdrawal issues. While it offers a range of trading instruments, many users have reported negative experiences, raising concerns about the broker's legitimacy.

  Note: It is crucial to recognize that regulatory status can vary by region. This review aims to provide a balanced perspective based on available information to ensure fairness and accuracy.

  

Ratings Overview

Category Rating (out of 10)
Account Conditions 3
Tools and Resources 4
Customer Service and Support 2
Trading Setup/Experience 3
Trustworthiness 1
User Experience 2

  We assess brokers based on user feedback, expert analysis, and available data.

  

Broker Overview

  Established in 2022, Larbor is a forex brokerage based in the United Kingdom. It offers access to various trading instruments, including forex, CFDs, commodities, and indices. However, Larbor does not support popular trading platforms like MT4 or MT5, which may limit its appeal to traders who prefer those systems. The broker operates without any recognized regulatory oversight, which is a significant red flag for potential clients.

  

Detailed Breakdown

  Regulated Geographic Areas/Regions:

  Larbor is unregulated and does not fall under any major financial authority's oversight. This lack of regulation raises concerns about the safety of client funds and the broker's overall credibility.

  Deposit/Withdrawal Currencies/Cryptocurrencies:

  The platform reportedly allows deposits in various fiat currencies but lacks clarity on cryptocurrency support. Users have expressed frustration with withdrawal processes, often citing delays or outright refusals to process their requests.

  Minimum Deposit:

  While specific figures are not consistently reported, some sources indicate that a minimum deposit of around $250 may be required to start trading. However, users have reported being pressured to deposit more funds during their trading experience.

  Bonuses/Promotions:

  Larbor does not appear to offer any significant bonuses or promotions, which is a common practice among more reputable brokers to attract new clients.

  Tradable Asset Classes:

  The broker provides access to a variety of asset classes, including forex pairs, commodities, and indices. However, the absence of a robust trading platform could deter potential traders.

  Costs (Spreads, Fees, Commissions):

  Spreads and fees are not transparently disclosed, leading to confusion among users regarding the true cost of trading. The lack of clarity in this area has been a common complaint in Larbor reviews.

  Leverage:

  The leverage offered by Larbor is not well-documented in available sources. Traders should exercise caution when dealing with leverage, especially with an unregulated broker.

  Allowed Trading Platforms:

  Larbor does not support popular trading platforms like MT4 or MT5, which may limit its appeal to traders accustomed to these systems.

  Restricted Regions:

  There is no clear information regarding restricted regions, but the lack of regulation might make it unsuitable for traders from jurisdictions with strict financial regulations.

  Available Customer Service Languages:

  Customer service support appears to be limited, with reports of inadequate assistance and slow response times. Users have expressed dissatisfaction with the broker's support channels.

  

Repeated Ratings Overview

Category Rating (out of 10)
Account Conditions 3
Tools and Resources 4
Customer Service and Support 2
Trading Setup/Experience 3
Trustworthiness 1
User Experience 2

  

Detailed Analysis

  Account Conditions:

  The account conditions at Larbor are deemed inadequate, primarily due to the absence of regulation and transparency regarding trading costs. Users have reported being pressured to make large deposits without clear information on the associated risks.

  Tools and Resources:

  While Larbor claims to offer various trading tools, the lack of a widely accepted trading platform limits users' ability to utilize advanced trading strategies. This absence may lead to a subpar trading experience for many users.

  Customer Service and Support:

  Customer service is one of the most criticized aspects of Larbor. Users frequently report long wait times and unhelpful responses from support staff. This lack of effective communication can lead to frustration, especially when users face issues with withdrawals.

  Trading Setup/Experience:

  The trading experience on Larbor's platform is reportedly unsatisfactory, with users citing difficulties in executing trades and navigating the interface. The absence of popular trading platforms like MT4 or MT5 further detracts from the overall trading experience.

  Trustworthiness:

  Trust is a significant concern for Larbor, given its unregulated status and numerous user complaints. Many reviews indicate that users have faced challenges in withdrawing funds, leading to suspicions about the broker's legitimacy.

  User Experience:

  The overall user experience with Larbor is predominantly negative, with many users expressing dissatisfaction with the platform's performance and customer support. The lack of transparency regarding fees and withdrawal processes exacerbates these issues.

  In conclusion, while Larbor presents itself as a forex broker with various trading opportunities, significant concerns regarding its regulation, customer service, and user experiences raise red flags for potential clients. Users are advised to proceed with caution and consider more reputable alternatives before engaging with this broker.

Larbor review