The number of pseudo-brokers in the market is increasing every day. Despite their websites being constantly blocked by global regulators, they still find various ways to deceive their clients for large sums of money. The main difference between fraudulent companies is that they offer very favorable conditions that verified firms do not have. Novices think that thanks to such favorable tariffs, they will be able to get rich and invest their money there. But when they want to withdraw them, various difficulties arise. Sometimes the account is simply blocked, and sometimes huge withdrawal fees are imposed.
Kane LPI Solutions Ltd is precisely one of these scam organizations, and in this review, you will find out why.
Is Kane LPI Solutions LTD a Trusted Broker?
The broker beautifully tells the legend that it was created over 10 years ago. At the same time, the broker’s website provides addresses of its offices in Bermuda, Malta, Mauritius, and the UAE.
What’s interesting is that all of them easily pass verification and indeed belong to the company Kane LPI Solutions Limited. However, the real owner of them, on the official website, talks about developing and implementing technological solutions for administering business processes and managing trust funds. There is no mention of brokerage services in any of the licenses, especially in the Forex and CFD markets. Moreover, the real company has never heard of an online broker and its website kanelpisolutionsltd.com.
Some investors note in reviews that the contact details of the fake broker differ from those published by the real firm. In the few comments so far, it has been noted that the numbers in Dubai do not match, and the British number is only available for the virtual broker.
By the way, Forex broker Kane LPI Solutions Ltd does not talk about trading conditions at all. The only thing the broker’s staff could come up with is to write completely abstract descriptions of conservative, balanced, and aggressive portfolios on the “Investments” page. There is no hint of how clients can create any of these portfolios or engage in trading on the website.
Concerned About Withdrawal?
You can fund your account on the platform in several ways. However, the broker does not specify any commissions. Moreover, for some reason, it is impossible to fund the account without first contacting support. Of course, such confusion raises a lot of questions about the broker’s honesty and legality of services. Rushing to make the first deposit here is clearly not advisable.
How Long Does The Broker Work?
The story of the platform’s history causes fair bewilderment. The real organization has been in the market for over 20 years, since 2000. But its pathetic copy, hiding behind a well-known name, cannot even decide – does it work for 8 years (as stated in the banner on the official website) or more than 10 years (as written on the “About Us” page). At the same time, the domain for its website was registered only in October 2023. It is not surprising that there were no reviews on the internet about its “successes” before this time.
Other Signs of Fraud
âť—There is no demo account, so clients cannot test the platform without risking their own money.
âť—No trading conditions are described. Traders are offered to take a pig in a poke.
âť—Negative reviews about kanelpisolutionsltd.com from customers who note that the broker seeks to quickly “drain” traders’ deposits. However, when trying to withdraw the remaining balance, withdrawal requests are not processed. Those who protest against such practices simply have their accounts blocked.
Kane LPI Solutions LTD Review Conclusions
Considering all the signs of fraud, it is hardly worth opening an account with Kane LPI Solutions Limited. All of the above indicates this fake broker was created by scammers, and retrieving invested funds will be impossible.
Advantages and Drawbacks
âž•Convenient website navigation.
âž–Fake broker
âž–No license
âž–Trading conditions are hidden
FAQ
How is Kane LPI Solutions LTD Regulated?
It isn’t. This company simply poses as another legal entity. Moreover, it is not officially registered and has not obtained a license to operate.
Is It Safe to Invest With This Broker?
No, it is not safe to work with such a fake broker. The risk of losing all your money on this platform is very high.
How to Get Your Money Back?
Unfortunately, there is no 100% reliable way to retrieve money from a fraudulent company. Sometimes chargeback services can help, but it is much more reliable to contact law enforcement agencies.
Brief Conditions
|
Type |
Forex, CFD |
|
Location |
UAE |
|
Establishment Year |
2023 |
|
Regulation |
❌ |
|
Customer Service |
Email [email protected] |
|
Languages |
En, Ru |
|
Demo Account |
❌ |
|
Mobile Trading |
âś… |
|
Web-based Trading |
âś… |
|
Bonuses |
❌ |
|
Minimum Deposit |
❌ |
|
Max. Leverage |
❌ |
|
Scalping Allowed |
âś… |
The brokerage company Kane LPI Solutions Limited to withdraw my money is asking me to pay more and more for any reason. They come up with excuses to pump out more money. All positive reviews are written by scammers themselves. They are scammers who have no shame or conscience.
Started good then when i was told to withdraw, there was tax, insurance more tax and more tax.
Don’t get scammed. I lots a lot.
Yess It happened just like that they had every time another story before i could even my own investment out !!!!!
Not one penny they gave me back ! They call you every day and talk kindly , they just want your cash !!!!
Scam! Scam!! Scam!!!
They asked me to withdraw, and next thing, they’re coming up with excuses upon excuses instead of payment. And they are asking for money to prove your identity. I just lost my wages to these scammers. Sad.
Please avoid them. Kane LPI Solutions is nothing but a bunch of scammers.