Review of the forex broker Lab Finance: operating mechanisms and traders’ reviews.
Lab Finance: scammers or real broker?
Lab Finance is another suspicious project pretending to be a serious broker. The website leaves much to be desired, promises of quick profits and lack of legal support make this company questionable. However, the number of reviews about them is rapidly increasing, although not always in a positive light.
Yet another victims of scammers fall for the tricks of fraudsters, trying to get rich quick. The result of such collaboration is always predictable – the user loses money, and the scammers go unpunished. What tricks does lab-finance.com use to attract investors and how does their scheme work? All this and more in this review.
Official view on Lab Finance
The official website of this intermediary looks quite primitive: the main sections of the site contain brief texts far from specifics, and standard icons. A typical design often seen in scam projects.
The promises on the main page include mythical benefits, an economic calendar, and some information about various account types. The “Trading Center” section is not even available, perhaps the creators intended to add educational material, but abandoned the idea.
“About the company” on the website also does not reveal anything new. The ordinary legend of a professional team and false information about having licenses are common baits of young scammers.
Key points review about Lab Finance
Representatives of “Lab Finance” limited themselves to just a few offerings, briefly describing the history of their “success.” The site does not contain specific dates and information about the creators. The only thing known is that over 200 employees work at Lab Finance. But it’s quite difficult to believe in this scam.
Checking the domain’s age also reveals the truth: the company only appeared on June 25, 2020. Several months of existence explain why reviews about the company only recently appeared.
Lab Finance boasts over 10 thousand traders using their system, although the source of such data remains unclear.
Contact information of the shady broker Lab Finance
Users complain about the poor performance of the support service and rude operators who rarely respond to requests.
All contact information is presented in the website’s footer. However, it turns out that identical phone numbers and headquarters address are also found on other fake broker websites, such as Royal Forex Ltd and Invest Absolut.
In addition, Lab Finance claims to be registered in Cyprus, but the “Client Agreement” states the opposite. The company is officially registered in the Marshall Islands.
Trading conditions of Lab Finance
The company filled the main page of the website with non-existent benefits that have nothing to do with Lab Finance in reality.
- MINI. Minimum deposit – $2,000.
- MEDIUM. Investment – $5,000.
- PREMIUM. Amount – $10,000.
- VIP. Entry threshold – $20,000.
Reviews confirm suspicions: Lab Finance are liars hiding behind the mask of an honest broker.
Registration procedure on the fraudulent platform Lab Finance
To open an account, scammers suggest filling out a form, indicating name, email, country of residence, phone number, and password. It is also necessary to agree to the “Client Agreement,” which contains many pitfalls negatively affecting the client’s financial position.
For example, Lab Finance reserves the right to close a client’s positions without prior notice. The company may also provide recommendations without taking responsibility for their consequences.
Reviews about Lab Finance
Reviews from deceived clients reveal the fraudulent scheme of Lab Finance. The company promises instant enrichment, but in reality, it is nothing more than a lie.
Lab Finance paints a beautiful picture on the screen but demands various fees upon money withdrawal. This scheme works well for scammers.
Conclusion
Lab Finance is a typical scam project that has nothing to do with real brokerage. Lack of offices, fake license, and a plethora of negative reviews are the main reasons why one should not deal with Lab Finance.