Laza Company (lazacompany.com) is supposedly an unique private investment firm which is founded by a bunch of commercial who have more than a decade experience in the field of forex and cryptocurrency.
This firm claims that they provide their investors stable cash flows with minimal risk of financial loss. This website is simple and features an incorporation certificate which make them seem trustworthy.
They also boasts of generating return of up to 8950% after just 55 days. The return claims is a major red flag which blows their cover and are obviously fake. While we took a thorough look at this service, the fact that they are just another get rich quick scheme was more than evident.
Read our complete and unbiased review to know why you should never trust this fraudulent company to handle your funds.
Company and Support
Laws governing firms which provide financial services are too strict and they have to be regulated by certain authorities depending upon where they are situated.
In layman terms Laza Company is an ICO which raises money from the investors for trading and allied activities. Depending upon the initial capital contribution and contract period investors are entitled to get predetermined returns after certain time period.
While we were trying to validate their services we couldn’t find any certificates they must lawfully hold. We have confirmed through FCA Lazabout Limited has never been licensed which means they are operating outside the law.
These scammers have put up a registration document on their platform but don’t be fooled by that. Just because they are registered does not mean they have the right to collect money from the public.
The support team can be reached through a contact form provided on their platform. Here are the contact details of this firm:
Address – 33 Gordon Road, Clifton, Bristol, England, BS8 1AW.
Phone – +441632960655
Email – [email protected]
How does Laza Company Work?
This company supposedly consists of professional traders who manage your brokerage accounts on your behalf. They claim to have a unique cutting edge technology and a diversified portfolios which guarantees them profit.
The above narration does not make any sense. There is no strategy which does not suffer from occasional draw downs and despite what trading approach you choose risk is always present in trading.
Note that there is no assurance about the reliability of their software. Since the information about the so called expert traders are also not revealed, this platform seems very disturbing to say the least.
The main reason why every participant sits in front of the computer analyzing charts and patterns is to make profit aka money. It is possible to make a living from trading if you start out with relatively high capital and have a clear strategy which gives you an edge.
These faceless criminals are just using high return claims to lure in more people on to their platform.
Here are the details of the investment plans offered by them:
Returns – 25% Per Hour
Period – 5 Hours
Returns – 16% Per Hour
Period – 10 Hours
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Returns – 450%
Period – 4 Days
Returns – 1370%
Period – 10 Days
Returns – 3550%
Period – 26 Days
Returns – 8950%
Period – 55 Days
These type of returns are ridiculous and cannot be achieved through trading. Basically they are using the deposits made by new investors to pay out the old one. This will keep on operating until they have made enough money and then finally one day they will disappear.
According to whois.com this domain was registered on 06/06/2018 and expires exactly after one year.
This website has a global rank of 788,813 and it ranks 17,795 in Belgium according to the data provided by alexa.com.
The majority of the users coming to this website are from Belgium, Singapore, United States, Papua New Guinea and Iran.
Deposit and Withdrawal
The minimum deposit amount is $1. The e-currencies accepted by this platform are Bitcoin, BitcoinCash, Litecoin, Dash, Ethereum, Dogecoin, Perfectmoney, payeer and advcah. There is no information about the transaction fees.
They state that the withdrawals are usually processed instantly but can sometimes take loner, the exact time period is not specified.
New investors are a vital source for ponzi schemes because that is how they can afford to pay the older investors. To reach more people in the most efficient manner, they offer an a referral program wherein individuals are paid a flat percentage of deposits made by their referrals.
The commission rate depends on the number of successful referrals made by the affiliates. It is not mandatory for the affiliates to have an active deposit in order to collect their commissions.
Is Laza Company a Scam?
Seeing all the fake return claims along with the fact that they are operating illegally there is no doubt that they cannot be trusted for any reason.
On top of all this remember there isn’t a single information about the actual creators of this firm, so if things go astray there is nothing you can do about it.
Laza Company Review Conclusion
Laza Company is just another get rich quick scheme which has nothing but hopes and dreams to offer its clients. Never yield into any of their shady marketing tricks. The key to successful investing online is to avoid pitfalls like this one and to rely on proven revenue generating systems with a good verifiable track record, it is better to be safe than sorry.