“Don’t judge a book by its cover” – says the proverb, wisely advising not to dismiss anything that looks unattractive on the outside. However, in the world of trading and investments, another interpretation of this old saying often holds true. Many times, behind a well-designed, modern website lies yet another fraudulent scheme, as clearly demonstrated in the KeyWealthLtd review.
Is KeyWealthLtd a Trusted Platform?
One of the most important factors influencing trust in a brokerage organization is its licensing and registration. It’s essential to always verify whether a broker has authorization to operate in the investment and financial sectors from an official government regulator. A license indicates that the company has passed the necessary checks and maintains a professional standard of operation to keep its license valid.
Many fraudsters attempt to provide false licensing information or completely avoid this topic, hoping that inexperienced investors won’t notice. Unfortunately, a similar situation is seen with KeyWealthLtd. Nowhere on the website, or in any informational sections, can licensing data be found. The topic simply isn’t addressed in any of the texts.
Thus, the only way to find something is to look at the company’s geographical location. Fortunately, in this regard, there is slightly more information. The contact details include an address in Zurich, Switzerland. Although Swiss laws can be considered relatively lenient for various businesses, it’s still necessary to register your company in the Swiss commercial register. A search through their official website reveals no organization with even a remotely similar name.
Given that they would have needed a license to operate out of Zurich, and no information on such a license is available, we can draw only one conclusion: KeyWealthLtd cannot be trusted. It’s a scam, operating unofficially, without registration or licensing.
Concerned About Withdrawal?
Strangely, the site does not mention the services used for deposits or withdrawals. However, fake brokers often hide their payment details and don’t publish them openly. On the other hand, there is a guide on how to withdraw funds. While it seems reasonable, there’s no way to verify its validity.
How Long Does The Broker Work?
Unfortunately, little is known about the company’s operating period. Based on WHOIS services, the domain name of their website was registered on July 30, 2024. However, the website does not provide any details about the company’s founding, development, or commercial journey. It’s doubtful the company would brag about only existing for a couple of months. Attention! This review belongs to InvestExpertHub.
Other Signs of Fraud
❗One of the most blatant signs of fraud is the enormous mandatory initial deposit. While there are no specifics about what different levels offer, users are asked to pay at least ten thousand dollars to gain access to “expert analysis” and “advanced trading tools.”
❗Additionally, there are few reviews online, and most of them appear to be fake.
KeyWealthLtd Review Conclusions
KeyWealthLtd is a suspicious company with no license, offering vague promises but demanding extremely high initial deposits to start working. These are all clear signs of a scam.
➕None.
➖No license.
➖Fake reviews.
➖High risk of losing funds.
➖High cost to create an account.
FAQ
How is KeyWealthLtd regulated?
It’s not; they have no license.
Is it safe to work with this broker?
No, there is a high risk of losing your deposit.
How can I get my money back?
The only hope is to contact law enforcement, as even chargebacks don’t always work in such situations.
Brief Conditions
Type |
Forex |
Location |
Switzerland |
Establishment Year |
2024 |
Regulation |
❌ |
Customer Service |
|
Languages |
En |
Demo Account |
❌ |
Mobile Trading |
✅ |
Web-based Trading |
✅ |
Bonuses |
❌ |
Minimum Deposit |
$10,000 |
Max. Leverage |
❌ |
Scalping Allowed |
✅ |