Lazol is a forex and CFD broker that claims to offer a wide range of trading products and services. However, there are a number of red flags that suggest that Lazol is a scam.
Company Overview
Lazol is a relatively new broker, having been established in 2022. The company’s website does not provide any information about its headquarters or ownership. There is also no mention of any regulation or licensing.
Does Lazol Have Any License?
No, Lazol does not have any license or regulation from any financial authority. Their website is not active right now. We find this information from several online forums and reporting websites.
Is Lazol Regulated By Any Authority?
No, Lazol is not regulated by any authority. This is another major red flag, as it means that the broker is not subject to any oversight or regulation.
Pros and Cons
Pros:
- The minimum deposit is low.
- The trading platform is easy to use.
- There are a variety of trading products and services offered.
Cons:
- The broker is not regulated.
- There is no information about the company’s headquarters or ownership.
- There have been complaints about the broker’s customer support.
How Does Lazol Reach To Their Prey?
Lazol uses a variety of methods to reach potential victims. These include:- Advertising on social media and other websites.
- Sending unsolicited emails.
- Making cold calls.
Technical Details of Lazol
Minimum Deposit:
The minimum deposit at Lazol is $200. This is a relatively low minimum deposit, which may make the broker attractive to some traders.Trading Platform:
Lazol uses the MT4 trading platform. This is a popular and well-established platform that is used by many other brokers.Spread:
The spreads at Lazol are not very competitive. The average spread for EUR/USD is 1.5 pips.Leverages:
Lazol offers leverage up to 1:500. This is a very high level of leverage, which can be risky for traders.Packages and Products They Offer
Lazol offers a variety of trading products and services, including:- Forex trading
- CFD trading
- Cryptocurrency trading
- Social trading
- Copy trading
Withdrawal and Deposit Method
Lazol offers a variety of withdrawal and deposit methods, including:- Credit cards
- Debit cards
- Wire transfers
- eWallets
What Do Their Previous Traders Say?
There are a number of complaints about Lazol online. These complaints include:- Difficulty withdrawing funds.
- Poor customer service.
- Unrealistic trading promises.
Summing Up- Why Should Not You Trust Lazol
There are a number of reasons why you should not trust Lazol. These include:- The broker is not regulated.
- There is no information about the company’s headquarters or ownership.
- There have been complaints about the broker’s customer support.
- The spreads are not very competitive.
- The leverage offered is very high.
If Bad Things Happen, Where Can You Get The Quick Solution?
If you have lost money with Lazol, you may be able to get a refund through the Financial Ombudsman Service (FOS). The FOS is a government-backed organization that helps people resolve disputes with financial services companies.Also, you can get help from us and we will help you by providing you with a free consultation and service recommendations to help you in recovering the lost fund.File A Complaint Against Scam Broker's
Final Thoughts
Lazol is a scam broker that should be avoided. If you are considering trading with Lazol, we urge you to reconsider. There are many other, more reputable brokers available.
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