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LARIOX

Saint Vincent and the Grenadines|2-5 years|
Suspicious Regulatory License|Suspicious Scope of Business|High potential risk|

https://lariox.com

Website

Rating Index

Contact

https://lariox.com
Suite 305, Griffith Corporate Centre, Beachmont P.O. BOX 1510, Kingstown, St. Vincent and the Grenadines

Licenses

No valid regulatory information, please be aware of the risk!

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Broker Information

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Company Name

Lariox Ltd

Company Abbreviation

LARIOX

Platform registered country and region

Saint Vincent and the Grenadines

Company website

Pyramid scheme complaint

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Warning: Low score, please stay away! 2
Previous Detection : 2024-04-15
  • It has been verified that this broker currently has no valid regulation. Please be aware of the risk!
  • The current information shows that this broker does not have a trading software. Please be aware!

WikiFX Verification

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LARIOX · Company Summary

LARIOX

General Information

Established in 2022, LARIOX is an online forex broker registered in Saint Vincent and the Grenadines, boasting that it offers clients access to a massive financial markets, such as Foreign Exchange, Indices and Cryptocurrencies.

TradeFills gives two choices of trading platform, with leverage up to 1:5000, spreads as low as 0.0 pips. Besides, this broker says it is available for 24 hours, 7 days a week to assist.

Is LARIOX safe to trade with?

When it comes to regulation, it has been verified that LARIOX, an unregulated offshore forex broker, has not authorized or regulated by any regulatory authorities. Consequently, its regulated status is classified as “No License” and it receives a very low score of 1.10/10 on the WikiFX website.

If you trade with a forex broker that is not regulated by a government agency, you are asking for a financial disaster. Please keep in mind the potential consequences.

WikiFX

Market Instruments

LARIOX claims to offers its clients access to a bulk of more than 500 trading instruments. Different types of trading assets, such as Foreign Exchange, Metals, Stocks, Indices, Energy, and Cryptocurrency are all available through this brokerage platform.

Account Types

LARIOX offers three tiered accounts designed for regular traders, professional traders and scalpers, respectively. the minimum deposit required by this broker is relatively low compared with many other brokers, with the Standard account from $10, the ECN account from $50 and the Scalper account from $200.

The low deposit requirement

a great opportunity for traders with different trading experience and level to test the waters of forex trading without risking too much money.

Stop Out Level: 20%.

Account

How to open a live account with LARIOX

Opening an account with LARIOX is simple and easy, with a few straightforward steps to follow:

1. Click on the “Open A Live account” Link and fill in the application form.

2. Upload your photo ID and Proof of Address document from inside your client portal which will be verified by this trading accounts.

3. After verification, your account is successfully registered. Fund your account and then start trading.

Leverage

Problematically, the maximum trading leverage offered by LARIOX is quite high, reaching up to 1:500, which is much above the levels considered appropriate by many regulatory authorities, with the maximum leverage for major pairs in Europe and Australia capped at 1:30, 1:50 in U.S and Canada.

Spreads & Commissions

Commission is not shared by this brokerage firm, and spread is determined by trading accounts.

The spreads offered by the Standard account start from 1.2 pips, and 0.6 pips from the ECN account, 0.2 pips from the Scalper account.

Swap Rates

If you plan to hold your position overnight, you should always consider swap rates as an additional cost. Each currency pair has its own swap charge and is measured on Standard size of 1.0 lots. Swap rates are calculated in points, MT4 covert them automatically into the base currency of your account.

As a reminder, swap fees are tripled on Wednesday evenings.

Trading Platform

LARIOX gives its clients access two choices of trading platform, the MT4 trading platform that can be accessed via Desktop, Mobile as well as a Webtrader. MT4 is among the most popular trading platforms around the world, featuring multiple technical indicators, robust charting package, the ability to use automated trading bots (Expert Advisors), and the flexibility of the interface.

Platform

Deposit & Withdrawal

The minimum deposit is $10. LARIOX allows its clients to make a deposit and withdrawal through the following channels:

  • VISA

  • MasterCard

  • Bank Transfer

  • Bitcoin

payment

However, the withdrawal amount and processing time are not disclosed yet.

Customer Support

Without telephone and online chat support, LARIOX offer clients the poor customer support. Some contact details are listed below:

Email: support@lariox.com

A Contact Form

Company Address: Lariox Ltd, Suite 305, Griffith Corporate Centre, Beachmont P.O. BOX 1510, Kingstown, St Vincent and the Grenadines.

Besides, you can also follow this brokerage on some social media platforms, such as Facebook, Twitter, Linkedin, Instagram.

Risk Waring

Forex and online leverage trading contain a high level of risk, and it is not suitable for all investors.

Please note the information contained in this information is for general information purposes only.

User Reviews

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A42620
more than one year
I used this Lariox six months ago and it disappointed me much. Spreads went up over 100 pips suddenly, and I ended up with losing all my deposited money. They still ask me to put more, I refused and left this scammer.
2023-02-23 09:16
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kim4822
more than one year
don't trust this broker because it doesn't pay when we withdraw.. I'm a victim of this broker
2023-01-16 22:41
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0
0
忘92966
more than one year
One of the best out there. Helpful service and the Deposit (minimum only $10) / Withdrawal works nicely. If you are new to trading, I highly recommend you start with this broker.
2022-12-16 15:50
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