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Big Lot Ltd

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Operating status: SCAM

Website: https://biglotfx.com/

Broker violations and abnormal records
  • 2023-09-12 BrokersView has Reviewed that Big Lot Ltd is an Unregulated Broker

    There is no any regulatory information on its website. The truth is that Big Lot Ltd is not under valid regulation by any regulators to do forex. Investors' funds in this broker are unsafe and cannot be protected by any law. 

    Therefore, Big Lot Ltd is a scam.

    There is no any regulatory information on its website. The truth is that Big Lot Ltd is not under valid regulation by any regulators to do forex. Investors' funds in this broker are unsafe and cannot be protected by any law. Therefore, Big Lot Ltd is a scam.

Related Complaints

Q&A

Do you recommend to deal with Big Lot Ltd?

roryfinando
Tajikistan
2023-10-18
ANSWER No, we strongly suggest you avoid Big Lot Ltd. It is an unlicensed forex broker that carries significant risks.Big Lot Ltd doesn't disclose any regulatory information, which is a scam indicator. Legitimate counterparts always prominently display their accreditation and licenses to ensure transparency, whereas the lack of such information may suggest that it is a scam.While Big Lot Ltd provides two addresses, one in St. Lucia and the other in the United Arab Emirates, our search for this company in the registers of relevant financial regulatory boides, including the Financial Servies Regulatory Authority of St. Lucia, the Securities and Commodities Authority (SCA), the Central Bank of the United Arab Emirates (CBUAE), and the Dubai Financial Services Authority (DFSA), didn't yield any results. Its lack of the required authorization strongly suggests that it is illegally soliciting investors.As such, Big Lot Ltd is not supervised by any governing body. Dealing with the unlicensed platform is at great risk. Entrusting it with funds and personal information may lead to financial losses and identity theft, as there are no rules in place to safeguard them. To avoid such risks, we strongly suggest investors opt for fully regulated brokers instead.
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Risk Warning:

FX trading is of high risk and may not be suitable for all investors. Leverage will create additional risks and loss. Before trading, please carefully consider your investment objectives, experience level and risk tolerance. You may lose part or all of your initial investment; do not invest money that you cannot afford. Educate yourself about the risks associated with FX trading. If you have any questions, please consult an independent financial or tax advisor. Any data and information are provided "as is" and only for information purpose, not for trading or recommendations. Past performance does not predict future results.

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