Barlamo: a company that values every client
Barlamo claims that it can be described as “a broker who cares about every client.” In this review, we will examine how this care is manifested and what conditions the company offers for traders. We will also look at reviews about Barlamo and study the documents regulating its activities.
Information from the Barlamo website
On the barlamo.com website, you will find beautiful images, diagrams, and current quotes – typical content for such platforms. The site is well done, with only minor typos and grammatical errors noticed.
Regarding information about the broker, the creators presented their company grandly. In the “About us” section, it is stated that the company was founded in 2018 and has four main partner banks in Russia.
Although this data may seem impressive, a check reveals otherwise. The site was only created in 2021, the domain registration period is only for one year, and the registrant information is hidden. There are hardly any reviews about such a high-class broker, which does not match the claimed level. Conclusion: this is simply a fictitious company.
It is doubtful that such an organization collaborates with leading banks in Russia. Entering into a contract with an unclear company that hides information about its founders and was created very recently is not in the interests of major financial institutions. A check of counterparties on Sberbank’s site shows that Barlamo is unheard of there.
Phones and addresses
Despite the claimed presence of an office in Moscow and representations in European Union countries, the “Contacts” section looks unworthy.
Even for appearances, the organizers did not provide either a phone number, an address, or even an email. Only a feedback form is provided with a request to leave your contact information. Most likely, this is needed to form a base of “warm” clients rather than provide support and consultations.
Registration Information
The name of the company Barlamo LTD indicates registration in the offshore zone of Saint Vincent and the Grenadines – a common place for pseudo-brokers. The address Suite 305, Griffith Corporate Center, Kingstown is well known to traders worldwide; it is assumed that many fraudulent companies are registered here.
Registration and Conclusion
By comparing the two websites, it can be seen that they are copies, where only the names and some content have been changed. Therefore, Barlamo and DotBig do not actually exist; they are simply a group of scammers creating similar projects in succession.
Conclusions
After a thorough examination of documents, reviews, and information about Barlamo, we come to a clear conclusion: Barlamo is not worth your money, it’s a scam. Avoid this company and do not engage in business with its representatives.
Barlamo provides a satisfactory brokerage service as per the multiple customer reviews, highlighting both positive and negative aspects in a detailed manner.