Broker Lot-Forex: trading conditions review, reviews
Unique review of Lot-Forex company: critical look at fraud
For professional scammers to launch their scam is like daily hygiene for them. They don’t care if the story is problematic or the numbers are unconvincing. According to Pareto’s law, there will always be someone who believes in deception and transfers money. One of such pseudo-brokers is Lot-Forex. User reviews indicate that this is a fictitious broker only interested in others’ funds. Let’s figure out how scammers attract victims and expose them.
The Hidden Truth about Lot-Forex
The scale of Lot-Forex’s deception is staggering! They claim to have been working in financial markets for 10 years. However, the lot-forex.com domain was registered just last year. They carefully conceal themselves; there is no information about the leaders on their website – most likely out of fear of being held accountable for their actions.
The broker also claims to have a million active accounts. But this is a blatant lie – major companies, for example, the Moscow Exchange, have just over 600,000 clients. Additional data provided by Lot-Forex (such as awards) raise significant doubts. There is no evidence to support their statistics.
The broker claims their support operates in 25 languages for traders from 180+ countries. However, the reality is that the site is only available in Russian and English. People immediately realize they are being deceived. However, not everyone is as vigilant, judging by reviews of those who have been deceived.
According to official information, Lot-Forex is based in Cyprus at: Spyrou Kyprianou 50, Irida 3 Tower, 10th Floor. They do not have an actual office, and it is unknown where their 200+ employees are located (most likely, they simply do not exist).
Complex Deception Scheme
As the analysis showed, Lot-Forex’s license is the result of manipulations; their “266/15” document is forged. Officially, the license belongs to a completely different company – Instant Trading EU Ltd, not connected to the broker in question. Even the user agreement is riddled with errors – it mentions governance in accordance with the laws of the Virgin Islands, further fueling doubts about the company’s statements and license authenticity.
How to Contact Lot-Forex Support?
User reviews indicate that Lot-Forex support is not eager to help, especially in financial matters. Several communication methods are available:
- Skype: live:.cid.7b283aa5df2d9dee,
- Phone: +3(572)402-44-18,
- Email: support@lot-forex.com,
- Online chat.
Charlatans are not active on social media as they do not wish to communicate with customers.
Registration at Lot-Forex
Their website states that registration takes only 3 minutes. This is true, confirmed by reviews. You need to choose the account type, fill in the form (for an individual account, you need to provide country, phone, email, login, password). For a joint account, you need to add partner information.
Trading Conditions at Lot-Forex
The minimum deposit at Lot-Forex is $1000. There are different account types with varying conditions:
- Micro – initial deposit $1000 USD,
- Premium – minimum top-up $5000 USD,
- Zero Spread – opening from $7000 USD,
- Auto – top-up from $10,000 USD,
- PAMM – starting deposit $20,000 USD,
- VIP – minimum top-up $50,000 USD.
Scammers tend to offer bonuses, but user reviews point to their unsuccessful handling.
User Reviews on Lot-Forex
Despite the company’s youth, there are already numerous reviews, all of them negative. You can read them for yourself.
Conclusion
Collaborating with Lot-Forex carries more risks than benefits. It is a document-less fraud, with unclear location and numerous negative reviews. A trap for short-sighted people willing to part with their money easily, believing the promises of scammers.