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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