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Larbor -

Suspicious Clone

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The WikiFX Score of this broker is reduced because of too many complaints!

Larbor

Item: Larbor
Rating: 1.13

United States|1-2 years|

Suspicious Scope of Business|Suspicious Overrun|High potential risk|

https://larbofx.com/en

Website

Open Account Time Machine

Rating Index

Contact

support@larbofx.com

https://larbofx.com/en

The WikiFX Score of this broker is reduced because of too many complaints!

Licenses

NFA Suspicious Clone

United States Common fin.

VPS Standard

No restriction on the broker account. Support service provided by WikiFX

Single Core

40G

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Warning: Low score, please stay away! 4

Previous Detection : 2024-05-26

It has been verified that this broker currently has no valid regulation. Please be aware of the risk!

The United StatesNFA regulation (license number: 0559889) claimed by this broker is suspected to be clone. Please be aware of the risk!

WikiFX Verification

Overview

Biz Area

WikiFX Survey

Website

MT4/5 Identification

Genealogy

Clones

Keywords

Account Information

Time Machine

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Exposure

4 pieces of exposure in total

Pyramid scheme complaint

Expose

Scam

Basically the same as heying's operation, it should be the same fraud groups

I saw that some Hong Kong compatriots were also deceived, so I hope it can serve as a warning to everyone. If anyone knows any new information, please let me know. Thank you very much!

luciawong

2023-11-23 22:37

Others

I guess he's a liar!

A man who claimed to be of mixed Chinese and American descent added me and said that he was defrauded of 150,000 US dollars on this platform, and then strongly recommended a coin recovery company to me. The key point is that he asked me if I still have a U in my account? Liar!

luciawong

2023-11-29 01:11

Unable to Withdraw

I was induced to deposit US$250,000 but was not allowed to withdraw the money for various reasons.

download soontrade5 from the app store in hong kong (this app has been removed from the shelves in hong kong). at first, i used the broker gomax (this broker disappeared), and then i was asked to switch to another broker. Larbor . for the first time, i can deposit, trade and withdraw money normally. customer service will not let you cancel when you participate in the $100,000 newcomer activity; after completing the newcomer activity, customer service will say that no one else can deposit money on your behalf; after completing the $100,000 deposit alone, customer service will say that if you complete it overdue, you will need to deposit another $100,000 to increase your credit score; after completing the credit score improvement the customer service also said that the money in the account was black money and asked me to deposit another us$90,000 in risk reserves to show my innocence. the customer service did not provide any terms and conditions during the entire process. everything was decided by the customer service afterwards. during this period, they were constantly threatened that if the process was not completed, it would be illegal and subject to punishment. in the end, i didn't pay the deposit due to insufficient funds, and i didn't encounter any consequences that the customer service claimed would happen. the accounts entered are all private accounts opened by chinese people. after checking with the relevant hong kong authorities, they said they were shadow accounts, accounts used to illegally defraud property and launder money.

Trader9452

2023-12-01 08:57

Unable to Withdraw

change name from gomax Larbor continuously induce deposits but refuse withdrawals for various reasons

a man on ig said he found me on the recommender list. he spends a lot of time chatting with me every day, and his replies are quick and the content is very true. he persuaded me to do foreign exchange trading many times. under his guidance, i downloaded the software soontrade5 (now removed from the shelves) on the application platform, and used the broker gomax (now renamed Larbor ). for the first time, i can deposit money and trade normally and withdraw money immediately. after the second transaction was completed, he said he would complete a $100,000 newcomer activity with me. i said i had no money, and he said he would help me complete it. after participating, he said he didn't have that much money and asked me to get a loan. i immediately applied to customer service for cancellation but was rejected. i was threatened and intimidated that if i failed to complete the activity within 5 days, i would be fined for overdue fees and my personal tax would be affected. the letter will be sent to the international securities regulatory commission for processing. the man then made his first deposit, followed by two or three more. after i had no choice but to take out a loan to complete the event, the platform said that the newcomer event did not accept deposits from others and required me to complete the deposit of us$100,000 by myself. since the money is stuck in the platform account, i can only continue to borrow money. after the deposit was completed, the customer service said that because i completed the newbie activity overdue, the platform reputation points were insufficient, and i needed to increase the platform reputation points by 5 points within 7 days before i could withdraw money. 1 point for 20,000 us dollars, others can deposit money on your behalf. the man said he would lend me money to help me, but i had no choice but to continue the loan. after completing the deposit within the time limit, the customer service said that the man's deposit was black money, and asked me to pay a risk reserve of almost 100,000 us dollars to prove that i was not involved in money laundering. he also kept threatening that i needed to pay money, otherwise there would be overdue fines. , freeze the account and submit it to the international securities regulatory commission. at this time, i had nothing to borrow, and the man said he would find a way to borrow money. but in the end it couldn't be completed due to insufficient funds. apart from deducting money, the platform did not have any consequences it claimed would happen.

Trader9452

2023-11-23 13:35

Larbor · Company Summary

Note: Regrettably, the official website of Larbor, namely https://larbofx.com/en, is currently experiencing functionality issues.

Larbor Review Summary
Founded	Within 1 year
Registered Country/Region	United States
Regulation	NFA
Market Instruments	N/A
Demo Account	N/A
Leverage	N/A
EUR/ USD Spread	N/A
Trading Platforms	N/A
Minimum Deposit	N/A
Customer Support	Email: support@larbofx.com

What is Larbor？

Larbor is a brokerage firm that was founded within the last year and is registered in the United States. Although they are regulated by the NFA and provide customers support through email at support@larbofx.com, it should be noted that their official website is currently inaccessible.

If you are interested, we invite you to continue reading the upcoming article where we will thoroughly assess the broker from various angles and present you with well-organized and succinct information. By the end of the article, we will provide a concise summary to give you a comprehensive overview of the broker's key characteristics.

Pros & Cons

Pros	Cons
Regulated by NFA	Inaccessible website
	Limited trust and transparency
	Limited communication channels
	Lack of industry experience

Pros of Larbor:

- Regulated by the NFA: Being regulated by a recognized authority like the National Futures Association (NFA) can provide a certain level of assurance regarding the company's compliance with industry standards and regulations.

Cons of Larbor:

- Inaccessible website: The fact that the official website is currently inaccessible raises concerns about the company's reliability and accessibility for potential clients.

- Limited trust and transparency: The limited information available and the inaccessible website may contribute to a lack of trust and transparency surrounding Larbor's operations.

- Limited communication channels: With only email support, the absence of various communication channels will hinder effective communication between clients and the company, potentially impacting customer support and problem resolution.

- Lack of industry experience: The presence of a brokerage firm with limited industry experience will pose additional risks, as they do not have a proven track record or the necessary expertise to navigate market fluctuations and effectively manage investments.

Is Larbor Safe or Scam？

Larbor operates under the regulatory oversight of the National Futures Association (NFA) and holds a Common Financial Service License (License No. 0559889).

However, it is noteworthy that their official website is currently inaccessible, which raises concerns. These factors collectively increase the level of risk associated with investing in Larbor. Therefore, if you are contemplating investing with Larbor, it is of utmost importance to engage in comprehensive research and meticulously assess the potential risks in relation to the potential rewards before reaching any final investment decisions. In general, it is recommended to choose brokers that are properly regulated to safeguard the security of your funds.

Customer Service

Customers can get in touch with customer service line using the information provided below:

Email: support@larbofx.com

Conclusion

Larbor is a brokerage regulated by NFA. However, some concerning factors should be taken into account. Considering the limited access to information, lack of industry experience, and the inaccessible website, it is recommended that all traders exercise caution and conduct thorough research before making any investment decisions with Larbor.

Frequently Asked Questions (FAQs)

Q 1:	Is Larbor regulated？
A 1:	Yes. It is regulated by NFA.

Q 2:	How can I contact the customer support team at Larbor？
A 2:	You can contact via email: support@larbofx.com.

Q 3:	Is Larbor a good broker for beginners？
A 3:	No. It is not a good choice for beginners because of its inaccessible website and the abnormal regulatory status.

Risk Warning

Online trading involves significant risk, and you may lose all of your invested capital. It is not suitable for all traders or investors. Please ensure that you understand the risks involved and note that the information provided in this review may be subject to change due to the constant updating of the company's services and policies.

In addition, the date on which this review was generated may also be an important factor to consider, as information may have changed since then. Therefore, readers are advised to always verify updated information directly with the company before making any decision or taking any action. Responsibility for the use of the information provided in this review rests solely with the reader.