Is Lombard London a Scam Broker?

Lombard Finance promises “alternate ways to grow your business” but this is not the case with Lombard London, which is a clone of a legitimate broker. The names Lombard Finance and Lombard London are very similar, the scam brokers have designed it this way to mislead consumers. The FCA has warned the public against Lombard London, which is a cloned site that is meant to distract customers from legitimate and similar-sounding brokers such as Lombard Finance and Lombard Odier Asset Management. 

Is Lombard London a Scam or Legit Broker?

Cloned websites are a growing problem. The FCA has issued warnings that consumers should always check the actual identity and licenses of brokers since many scammers are copying website images and content and using similar-sounding names. Broker Complaint Registry recommends checking all contact and licensing information of a broker against the listing on the regulator’s website. 

Our experts found out the following about Lombard London

• Identified as a clone site by the FCA
• No transparency
• False license and information

Our experts do not recommend Lombard London. We encourage visitors to do research, read our broker reviews and select regulated brokers. If you have been scammed by Lombard London or any other broker, contact Broker Complaint Registry right away and we can advise you on fund recovery.

Do You Want to Know If Varot Financial Is a Legitimate or Scam Broker? 

Varot Financial is supposedly based in Hong Kong, but it has received a warning from the Hong Kong Securities and Futures Commission (SFC) that it is falsely claiming to have licenses and is not providing legal and reliable services to customers. Ending up on a regulator’s blacklist is enough of a reason to stay away from a broker like Varot Financial. In addition, it requires a high minimum, $1000 to open an account when the usual minimum for a brokerage account is close to $100. 

There Are Some Problems with Varot Financial

Being blacklisted by a regulator is a big deal, and is the result of many customer complaints and investigations. Setting the minimum so high, without proving that it has earned the reputation as a premium broker, is also problematic, because it is a tactic used by people who want to keep customer deposits. 

Red Flags that Varot Financial Could Be a Scam Broker

• No license
• Blacklisted by the SFC
• High minimum
• Negative reviews

If You Need Fund Recovery from Varot Financial, Talk to Us

We create these reviews to warn consumers about brokers that may be fraudulent. If you have an account with Varot Financial close it and request a withdrawal. If you are not given your money back, contact Broker Complaint Registry right away. We will consult with you, work to track down your funds and create investigative reports, and will assist with fund recovery efforts.