If you’ve ever been interested in trading, you likely know about the existence of unscrupulous organizations that deceive clients. Unfortunately, this is a common problem as many projects are created not for long-term operation but to scam gullible people. To avoid such situations, you must thoroughly research the brokers you plan to work with. Our Kimonsage review will help you understand what to look out for and why it’s better not to work with this company.
Is Kimonsage a Trusted Platform?
Broker Kimonsage is a little-known organization, and although the platform claims reliability, it is not trustworthy for several reasons. For example, the site has a low security rating. The broker publishes content that violates many regulatory restrictions to deceive clients into depositing funds. Often, scammers resell traders’ personal data, and this platform is no exception. Real reviews about the exchange reveal complaints about increased spam on their phone numbers and emails.
Every broker requires identity verification for trading operations, and Kimonsage is no exception. However, we strongly advise against submitting your passport data to this organization, as it is highly unreliable, and the safety of personal information is a significant concern.
While the company’s owners tried to create an illusion of reliability, they failed. The site only shows British contact details. However, the broker hides whether it has official registration in London and an FCA license. Checking the registry shows that no company named Kimonsage is listed in the UK or any other regulatory database, violating many established restrictions. Thus, this broker operates as an anonymous site without oversight from any authoritative bodies.
Concerned About Withdrawal?
Detailed information about commission levels is available only after registration and creating an account. The website footer displays many logos for specific payment systems, suggesting these methods are also used for withdrawals. However, how long it takes to process a withdrawal request remains a big question.
How Long Does The Broker Work?
Despite the broker’s loud claims about its supposed experience and almost 20 years of expertise, it has only been operating since May 2024, according Whois services. Therefore, it cannot be considered popular or reliable. The site owners’ identities are hidden, and there is no information about those responsible for creating this platform. Attention! This review belongs to InvestExpertHub.
Other Signs of Fraud
âť—Fake reviews. Reputable companies never fake client reviews, as satisfied clients independently write positive reviews and feedback. Kimonsage seems to need to resort to this method to gain audience trust.
âť—Website template. The owners of Kimonsage trading platform decided to save money by creating a site using a typical template instead of ordering a customized platform.
âť—False statistics. All statistics on the number of users and daily trading turnover are fabricated. Even reviews about this platform only appeared a few weeks ago.
Kimonsage Review Conclusions
This organization is unreliable. The project has only existed for a few weeks, actively fakes positive reviews, provides poor-quality services, and restricts clients from withdrawing funds.
Advantahes and Drawbacks
âž•Nice design.
âž–Connection issues with the platform.
âž–Short operation time.
âž–Complaints from traders.
FAQ
How is Kimonsage regulated?
If you search regulatory databases online, you will not find any company named Kimonsage. It does not have permission to provide brokerage services and operates illegally.
Is it safe to work with this broker?
No, it is not safe. If problems arise, you can only resolve them through law enforcement, as Kimonsage clients are not insured and take a significant risk when depositing funds
How can I get my money back?
Recovering funds after dealing with such an organization may seem impossible. Try using chargeback services and report to law enforcement, providing evidence of fraud and awaiting help from qualified personnel.
Brief Conditions
Type |
Forex |
Location |
UK |
Establishment Year |
2024 |
Regulation |
❌ |
Customer Service |
|
Languages |
En, Hi, Fl, Ms, Fr |
Demo Account |
❌ |
Mobile Trading |
âś… |
Web-based Trading |
âś… |
Bonuses |
âś… |
Minimum Deposit |
€10,000 |
Max. Leverage |
❌ |
Scalping Allowed |
âś… |
Facing trouble in Withdrawal
I am facing problem in withdrawal.please halp I am from India,my name Anjali Tadi I am a housewife