Broker LarsonHolz: honest review and feedback from real traders
The company Larson&Holz started its operation in 2004. Over the years, the broker has received both positive and negative reviews. Our review will help assess the quality of the company’s services and make a decision on possible cooperation with lh-broker.biz.
Review of key facts about the broker Larson&Holz
The company’s website provides a detailed roadmap reflecting the history of Larson&Holz from 2004 to 2018. The information is presented in the form of brief excerpts, allowing you to observe the company’s development.
Initially, the broker worked with an audience from Russian-speaking countries but later expanded its activities. Currently, the site is available in 14 languages. Larson&Holz interacts with traders from various countries, including China, Europe, and other regions.
During its operation, Larson&Holz has received five prestigious awards, including the title “Best STP Forex Broker” in 2014.
It is also worth noting that the broker actively supports charitable initiatives, collaborating with the UNICEF Children’s Fund, providing financial assistance to African countries, and supporting regional organizations in Russia.
The company’s experts regularly create educational videos and analytical materials about the market. Larson&Holz takes education seriously and provides an extensive range of materials absolutely free of charge.
Novice traders will find plenty of useful information on this resource, although experienced users may require payment for exclusive lessons.
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Legal situation surrounding the broker Larson&Holz
According to certain data, the broker is under the jurisdiction of the financial regulator VFSC. However, official information on the website Lh-broker.biz states that the company does not possess licenses and does not comply with Russian legislation.
Such circumstances are encountered repeatedly and clearly indicate fraudulent practices by the company. However, in case of difficulties, refunding a trader’s deposit may become problematic. This should be considered in choosing Larson&Holz as a mediator in the Forex market.
The contact section lists the address of the main office: Ajeltake Road, Ajeltake Island, Majuro, Marshall Islands, MH96960. Data from Google Maps shows the following:
The review does not definitively identify what is located at the specified coordinates and whether there is a Larson&Holz office there. It also lists the address of a branch in Hong Kong: 6/F Yen Sheng Centre, 64 Hoi Yuen Road, Kwun Tong, Hong Kong.
Although the information presented here is accurate, it is impossible to confirm the operation of Larson&Holz office on the 6th floor based on map images.
The review did not reveal serious violations by Larson&Holz, so it is too early to consider the broker a scammer. Let’s continue the further analysis of the company.
Information about the broker Larson&Holz website
The website Lh-broker.biz is executed quite qualitatively, without obvious errors. All necessary information and sections are available with a few mouse clicks. Beginners will easily navigate the information field of the resource.
Systematic analysis did not reveal major problems. The Lh-broker.biz site is well-structured and optimized for search queries. This indicates the company’s serious approach to attracting clients. Reviews confirm this trend because deceiving users requires significant investments, which is not characteristic of scammers.
The analysis of site visits to Lh-broker.biz was carried out based on results that may not be the most brilliant, but are sufficient for the broker’s normal operation. Many experienced traders use automated trading, which explains their non-daily visits to the resource. It is also worth considering the use of proxy servers or VPN services, which may complicate tracking visits.
The main page of Lh-broker.biz includes links to social networks. Unfortunately, reading reviews is limited, but overall activity on social media shows regular news updates and the broker’s desire to engage with subscribers’ lives.
Based on the review, there are no clear signs of fraudulent activity by Larson&Holz. Therefore, it is recommended to study the registration conditions and trading rules of this broker.
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Trading conditions of the company Larson&Holz
The reliability of a broker is determined by the adequacy of its trading conditions. This includes aspects such as:
- variety of trading instruments,
- competitive spreads from 1.5 to 3 points,
- leverage ratio from 1:100 to 1:300.
Let’s look at what Larson&Holz offers. And let’s start with the fact that traders have several deposit placement options:
- standard — from $1,000,
- VIP — from $10,000,
- demo — from $0.
In each case, trading conditions may vary slightly, but overall, they meet industry standards.
It is important to note that Larson&Holz offers NDD accounts with direct access to the Forex market. This means that the transaction is conducted directly with the seller, without the involvement of an intermediary. This approach increases the speed of trade execution and reduces the spread size.
Another interesting offer from the broker is trader contests. During promotions and tournaments, any user can enter the rankings and participate in the draw of valuable prizes.
Trading is conducted on the trading platforms “MetaTrader” 4 and 5, available in both console versions and mobile applications.
Registration process on the Larson&Holz platform
The account creation process is standard, but it should be noted that additional verification is required. The company complies with all international laws combating illegal financial operations, so clients must provide document copies.
For those who want to try the broker’s functionality without creating a real account, it is possible to open a demo account. In this case, additional verification is not required.
Be vigilant and provide only accurate information, as the Larson&Holz administration may decide to block the account with the ability to withdraw funds. If you discover an error or your information changes, inform support to avoid problems in the future.
Reviews about the broker Larson&Holz
This is perhaps the most controversial aspect of our review. Some users give positive ratings to the broker, while others leave negative comments and accuse it of fraud. Let’s consider the negative opinions:
Negative reviews typically point to consultants draining the trader’s deposit. Nevertheless, each trader must understand their personal responsibility for their finances. Therefore, it is important to approach trading decisions thoughtfully.
Positive reviews are also present:
The last review shows that traders acting rationally can consistently earn and withdraw profits. This can be trusted.
Broker Larson&Holz: scammers or a conscientious company
Based on the review, it is difficult to give a definitive answer to this question. The initial impressions from the site Lh-broker.biz are positive. However, user reviews and the lack of official documentation are against the company.
It is entirely possible that the broker is honest if it has successfully existed for 16 years. Nevertheless, even the most reliable companies may experience financial difficulties and become subjects of fraud. Therefore, it is recommended to start with a minimum deposit of $250 when collaborating with Larson&Holz.
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Conclusion
The broker Larson&Holz does not seem to be a scammer, but beneath the beautiful picture, there may be a less attractive structure. Our advice is to start trading from a demo account, then try with a minimum deposit and withdraw earnings several times. This approach will help ensure the broker’s honesty.
However, the review revealed several unpleasant facts about the company, so if you are not ready to take risks, it is better to refrain from investments. There are cases where the broker pays some clients while others do not. This is confirmed by user reviews.
Author: Irina Sherbul
Having a terrible experience with broker LarsonHolz. Their customer service support is horrendous to say the least. Every time I call, I end up on hold for an unbelievably long time without getting any help. Responses to emails are equally despicable; I usually have to wait for days to get a response that doesn’t even solve my issue.
Their trading platform has also had numerous technical issues, with frequent crashes disrupting my trading activities. Plus, the spreads offered are quite high compared to other brokers in the market.
Even worse, the brokerage’s withdrawal process is an unbearable pain. Almost every single withdrawal request of mine has been delayed, and fees seem to be more than they initially describe.
Overall, I find LarsonHolz to be incredibly unreliable and unprofessional. I wouldn’t recommend this broker to anyone. They may lure you in with attractive offers, but the actual trading experience is far from satisfactory.