Is Varot Financial a Legitimate or Scam Broker? Find out!
Varot Financial may sound like a legitimate broker. However, that is because it has taken a name that is similar to a regulated broker. Despite its claims Varot Financial is not a regulated broker and has been blacklisted by a regulator. It asks for a very high minimum of $1,000. It also claims to offer trading with MetaTrader 5 which is a popular platform, but given the warnings and other inconsistencies, it is hard to believe this claim.
What Is the Issue with Varot Financial? Read the Following.
The worst thing about Varot Financial is that it is trying to pass itself off as legitimate, and yet it has been the subject of a warning by the Hong Kong Securities and Futures Commission (SFO). This is reason enough to avoid any broker. There are hundreds of fake brokers, but to be singled out by a regulator means there have been many and credible complaints.
Is Varot Financial a Scam Broker? Here Are Some Red Flags
Here are some red flags with Varot Financial:
- Not regulated
- Warning from the SFC
- High minimum
- Lack of transparency
We suggest staying away from Varot Financial
If You Have an Account with Varot Financial Broker
Close your account and ask for your money back. If you can’t get a withdrawal contact ReportScamOnline experts right away. We will consult with you and will guide you on the road to fund recovery. The ReportScamOnline team has combined decades of experience dealing with hundreds of financial institutions.
Fund Recovery from Varot Financial
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