Larson&Holz IT Ltd

The company’s main office is located in the Marshall Islands, which indicates an offshore jurisdiction. The company is also registered in Saint Vincent and the Grenadines, which is a popular choice for financial companies due to its favorable tax laws and simplified regulation. The local financial auditor does not regulate brokerage organizations, which increases risks for investors.

Holz&Larson IT LTD focuses on providing quality services and customer support, offering a variety of trading instruments and conditions:

• maximum leverage 1:500;
• floating spreads from 0 points;
• Minimum deposit of $250.

The company promises highly qualified technical support and a variety of bonuses and promotions for its clients.

The site is regulated by VFSC (Vanuatu Financial Services Commission), which is standard practice for many offshore brokers. However, it is worth noting that information about licensing and regulation raises questions among clients, as offshore regulators often provide less protection to investors compared to regulators from countries with stricter financial supervision.

Brand Larson&Holz IT Ltd includes several legal entities, separated functionally and geographically. The company has representative offices in various countries, including Russia, Ukraine, as well as in the USA and other regions. This allows us to serve a wide range of clients around the world. Many project offices have already closed because the sharaga is close to the final scam.

Despite its offshore registration, the forex kitchen strives to maintain a positive reputation among traders by offering a variety of services and support. Customer reviews are mostly positive, although you can also find critical comments on the Internet, mainly related to withdrawal conditions and regulation. The lion’s share of complimentary comments is a cheap order.

In Russia, sharaga operates illegally, which increases suspicions of fraud on the part of Official site of Larson&Holz IT Ltd the broker does not contain scanned copies of the declared licenses. Scammers lie to traders about financial regulation. In fact, this is an illegal SCAM project; investors should avoid cooperation with such scammers.

Exposing the broker Larson&Holz IT Ltd

The work of the dubious broker raises many questions and criticism, especially given its offshore registration in the Seychelles and management from the Republic of the Marshall Islands. Despite its long history and the presence of numerous branches around the world, including Russia, Montenegro, Mexico, Kazakhstan, Cyprus and Ukraine, the company is subject to accusations of fraud and unfair practices.

Signs of fraud and criticism of Larson Holtz Aiti Ltd:

• the project is registered in an offshore zone, which in itself raises concerns. The company operates without a license and permits, which calls into question its reliability and safety for traders;
• Unlike many other brokers, the kitchen invites its partners to open representative offices instead of the standard practice of paying for attracting clients. This has resulted in a large number of affiliates, some of which may use questionable practices, including offering paid training that is not officially provided by the company;
• the dealer should not offer training, signals and support, as this leads to a conflict of interest;
• reviews mention that traders should be careful with large deposits and always check that quotes correspond to market ones;
• depending on the size of the deposit, sharaga limits access to certain assets, which will be a disadvantage for traders who want to expand their trading portfolio;
• some positive reviews about the company are custom-made, especially those that mention cryptocurrency, information about which is not on the company’s official website;
• For Russians, working with a scam is too risky due to the lack of regulation and investment protection from the Central Bank of the Russian Federation. The company does not act as a tax agent, which requires traders to take care of their tax obligations on their own.

The above arguments are a clear illustration of why money cannot be trusted Larson&Holz IT Ltd investments in opening a trading account will be lost, since scammers are focused only on accepting savings. They will not pay the client anything, not caring about all the guarantees and promises.

What happened to the broker Larson&Holz IT Ltd

Events surrounding the activities of the representative office of the offshore forex broker Larson&Holz in St. Petersburg, which began at the beginning of 2020, attracted significant attention from the public and law enforcement agencies. Despite the apparent calm, the criminal case against the head of the branch, Kirill Kuzin, remains open, and legal proceedings continue.

In January 2020, the Kuibyshevsky District Court of St. Petersburg decided to imprison six persons related to a case of large-scale fraud, including Kirill Kuzin. The accused were suspected of committing a crime under Part 4 of Article 159 of the Criminal Code of the Russian Federation. Among other things, Kuzin and his accomplices refused to testify.

Court materials show that Kuzin is at large, but under recognizance not to leave the place. Court documents indicate that the preventive measure against Kuzin was left unchanged, and the victims’ request to seize the property was rejected.

The prosecutor’s office draws attention to the fact that Kuzin created a false broker, a copy of a foreign counterparty, misleading clients that the trading account would be opened with a well-known foreign brokerage company with a good reputation. The MetaTrader trading terminal was configured in such a way that it created the impression of real trading activity, while in fact the conditions were deliberately unfavorable for clients, leading to the zeroing of their funds.

The prosecutor emphasizes that the actions of Kuzin and his accomplices led to the creation of a false impression among individuals about the loss of funds due to natural market reasons, while in fact this was the result of fraudulent actions.

Kuzin’s role in the crime is described as organizational. He not only created a group to steal money from an unlimited number of citizens, but also developed in detail the plan and method of committing the crime, including information and technical support for criminal activities.

All regional offices operate on this principle. Larson&Holz IT Ltd personal account a broker under this brand has a fatal mistake that will lead to the loss of your deposit.