Larosa Holdings Limited has been flagged by ASIC (Australia) for "Unlicensed (Legacy)". Phones: (CA): +1 647 694 1010, (UAE): +971 4311 6854
Addresses: RBC Centre 32nd Floor 155 Wellington Street West Toronto Ontario M5V 3K7 Canada; Nassima Tower 5th Floor Sheikh Zayed Road Trade Center District Dubai UAE This company appears in our regulatory warnings database. Always verify with official regulatory sources before investing or doing business with this firm. Website domain: www.larosa-group.com.
The spread at Larosa Holdings Limited is not what they advertise. During volatile markets it widens so much that you lose before the trade even starts. I found them through a forum discussion and initially thought the platform was good - until I started trading seriously.
Pros: Customizable dashboard|Economic calendar
Cons: Minimum deposit could be lower|Research section could be deeper
After since I opened my account last year with Larosa Holdings Limited I requested to close my account and withdraw. They said I had to complete a 30-day cooling-off period. Then they said there was a minimum holding period for my last deposit. They make it as hard as possible to leave.
Pros: Responsive team|Clear documentation|Portfolio tracking tools
Cons: Alert system is basic
Larosa Holdings Limited offers copy trading. I copied a top trader. The copy trades often executed at worse prices than the original. When I asked why they said it was due to latency and liquidity. So the feature is broken or they are skimming. Either way I stopped using it.
Pros: Low minimum deposit|Quick verification
Cons: No fractional shares|Limited social trading features
Do not believe the bonus offer from Larosa Holdings Limited. The turnover requirement is designed so you can never withdraw. I learned the hard way. I deposited when my bank disappointed me and I searched for alternatives and the bonus terms were buried in pages of small print. My fault for not reading but their design is predatory.
Pros: Multiple order types|No hidden fees
Cons: Slow to add new assets
I wanted to transfer my portfolio from another broker to Larosa Holdings Limited. They said they do not accept in-kind transfers for my asset type. I had to sell, withdraw, deposit, and rebuy - incurring taxes and spread costs. They did not tell me this before I signed up.
Pros: Segregated accounts|Copy trading available|Full transparency|Easy to use platform
Cons: Wish they had more educational resources