Introduction to Varot Financial Review:
Despite the huge amount of profits that one can earn in the financial market, people nowadays, seem to be scared to enter the industry. The major reason behind this decision might be the infiltration of scam brokers in huge numbers. Are you also not entering the industry because of the scammers? Do not worry, we will be publishing broker reviews every day to help you steer clear of the scam brokers. In today’s review, we will be reviewing Varot Financial as we received a lot of complaints against this company. Claiming to be a god-sent brokerage firm, Varot Financial pledges to serve the customers with utmost sincerity. If you are here with the intention of knowing whether Varot Financial is a scam broker or a legitimate broker, read the Varot Financial review to know more. If you have been scammed by Varot Financial, stay tuned till the end for we have a surprise for you too.
Name: Varot Financial
Address: Hong Kong (claimed)
Leverage Offered: 1:200
Minimum Initial Deposit: $1000
About Varot Financial:
In this Varotforex.com review, we will be revealing all the red flags against Varot Financial in this Varot Financial review.
VAROT FINANCIAL IS UNREGULATED
Out of all the parameters that we use to decide whether Varot Financial is a scam or not, regulation takes the first place. The regulation from a regulator authority provides the authority with the right to closely supervise the brokerage firm and maintain complete records of the day-to-day expenses of the brokerage firm. However, the scam brokers do not apply for regulation as their intentions are clearly not to help the customers. In our case, upon a little investigation into the matter, we found out that Varot Financial is UNREGULATED. This raises the first red flag against the Varot Financial scam in this Varot Financial review.
HIGH LEVERAGE OFFERED
Varot Financial offers leverage up to 1:200 as compared to the regulated brokerage firm that offers leverage up to 1:30 only. As compared to the leverage offered by the regulated firm, the leverage provided by Varot Financial is much higher thereby, raising a red flag against the Varot Financial scam in this Varot Financial review.
HIGH MINIMUM INITIAL DEPOSIT
Apart from the high leverage offered by Varot Financial, they also demand a very high minimum initial deposit. Varot Financial demands a minimum initial deposit of $1000. For those of you who don’t know, regulated brokerage firms only demand a minimum deposit lying below $10. This raises another red flag against the Varotforex.com scam in this Varot Financial review.
Conclusion: Is Varot Financial a scam?
To sum up, all that has been stated above, we leave it upon you to decide whether Varot Financial is a scam broker or a legitimate one. However, we must warn you that Varot Financial is a potential scam as it is unregulated. If you have been scammed by Varot Financial, file a complaint with us and we will help you out. Read Sunpor Group Limited Review here.
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