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KODDPA Forex broker specializes in providing foreign exchange trading services, the company's official website https://www.koddpa.c..., the company's legitimate regulatory information United StatesFinCENFinancial Service to enhance the security of the company's address

KODDPA Forex Broker

Basic Information

Registered Region
United States
Operating Period
--
Company Name
KODDPA
Abbreviation
KODDPA
Company employee
--
Contact Number
+115184581245
Company Website
Keywords
2-5 years
Regulated in United States
Financial Service
Suspicious Scope of Business
High potential risk

Rating Index

How to login to KODDPA?
koddpa Complete Account Guide: Registration, Account Opening, and Login Processes Welcome to the comprehensive guide on how to navigate the koddpa platform, including the steps for registration, account opening, and login processes. This guide is designed to provide you with clear instructions and s

  

Koddpa Forex Broker - Complete Information Guide

  

1. Broker Overview

  Koddpa, officially known as KODDPA Ltd, was established in 2020. The company is headquartered in the United States, with its primary office located at 1312 17th St Unit Num 2955, Denver, CO, 80202, US. Koddpa operates as a private entity and has gradually made a name for itself in the fintech industry, focusing on providing innovative trading solutions.

  The broker primarily serves retail clients who are looking to access global financial markets with ease and convenience. Koddpa's platform offers a range of tools and resources designed to assist traders of all levels, making it appealing to both novice and experienced investors. Since its inception, Koddpa has celebrated several milestones, including its fourth anniversary in 2024, highlighting its commitment to growth and technological advancements in trading.

  Koddpa operates on a business model that includes retail forex trading, catering to individual traders seeking to diversify their portfolios. The company positions itself as a key player in the financial services sector, leveraging advanced technology to enhance the trading experience for its clients.

  

2. Regulatory and Compliance Information

  Koddpa claims to be regulated in the United States, specifically under the Financial Crimes Enforcement Network (FinCEN). The license number associated with KODDPA Ltd is 31000280148528. However, it is important to note that the broker does not hold a valid license from other recognized financial authorities, which raises significant red flags regarding its legitimacy.

  The regulatory framework provided by FinCEN allows Koddpa to operate within the legal boundaries of the United States, but the absence of oversight from more stringent regulatory bodies may expose investors to potential risks. Koddpa does not disclose specific information regarding client fund segregation policies or participation in investor compensation schemes, which are critical for ensuring client protection.

  The broker adheres to Know Your Customer (KYC) and Anti-Money Laundering (AML) compliance measures as part of its operational framework, although detailed information on these practices is not readily available. This lack of transparency may leave potential clients questioning the broker's commitment to regulatory compliance.

  

3. Trading Products and Services

  Koddpa offers a diverse range of trading products, primarily focusing on forex currency pairs. The broker provides access to numerous major and minor currency pairs, allowing traders to capitalize on fluctuations in the foreign exchange market.

  In addition to forex, Koddpa also offers Contracts for Difference (CFDs) across various asset classes, including indices, commodities, stocks, and cryptocurrencies. This broad selection enables clients to engage in multiple markets and diversify their trading strategies. However, specific details regarding the number of available forex pairs and the categories of CFD products are not disclosed.

  Koddpa is known for its commitment to updating its product offerings regularly, ensuring that clients have access to the latest trading instruments. Retail trading services are the primary focus of the broker, although details about institutional client services or white-label solutions are not mentioned in the available information.

  

4. Trading Platform and Technology

  Koddpa supports the widely used MetaTrader 4 and MetaTrader 5 platforms, which are known for their robust trading capabilities and user-friendly interfaces. These platforms allow traders to execute trades efficiently while providing access to advanced charting tools and technical indicators.

  The broker also features a proprietary web-based trading platform, designed to cater to the needs of modern traders. Mobile applications for both iOS and Android devices are available, enabling clients to trade on-the-go.

  Koddpa employs an ECN (Electronic Communication Network) execution model, which is beneficial for traders seeking fast and transparent trade execution. The broker's servers are located in Brazil, contributing to low latency and fast order processing times. Additionally, Koddpa supports API access, allowing for automated trading solutions and integration with third-party trading systems.

  

5. Account Types and Trading Conditions

  Koddpa offers various account types to cater to different trading needs. The standard account requires a minimum deposit, although the exact amount is not specified. The broker provides competitive spreads and commissions, which are also not explicitly detailed.

  For more experienced traders, Koddpa may offer advanced account types, such as VIP or professional accounts, although specific information on these products is lacking. The broker also appears to provide Islamic accounts, catering to traders who require Sharia-compliant trading solutions.

  Koddpa offers a demo account for prospective clients to practice trading strategies without financial risk. Leverage ratios vary depending on the asset class, but the exact range is not specified. The minimum trade size and overnight fees are also not disclosed, which may be a concern for potential clients.

  

6. Fund Management

  Koddpa supports various deposit methods, including bank transfers, credit cards, and e-wallets. However, the minimum deposit requirements for different account types are not clearly defined.

  Deposit processing times are typically swift, although specific timeframes are not provided. Information regarding deposit fees is also absent, which could impact clients' decisions to engage with the broker.

  Withdrawal options and limitations are not detailed, leaving clients uncertain about the process. The withdrawal processing times and any associated fees are similarly undisclosed, which may hinder transparency and trust in the broker's operations.

  

7. Customer Support and Educational Resources

  Koddpa offers customer support through multiple channels, including phone, email, and online chat. The service hours and time zone coverage are not explicitly stated, which could affect clients in different regions.

  The broker provides support in several languages, although the specific languages offered are not listed. Koddpa also appears to offer a range of educational resources, including webinars, tutorials, and e-books, aimed at enhancing traders' knowledge and skills.

  Market analysis services, such as daily reports and research updates, are likely available, although details are not provided. Trading tools, including calculators and economic calendars, are also mentioned, contributing to a comprehensive trading experience.

  

8. Regional Coverage and Restrictions

  Koddpa primarily serves clients in the United States, with a focus on the domestic market. The broker's regional offices are located in the United States, although specific locations are not detailed.

  Certain countries or regions may be restricted from accessing Koddpa's services, but this information is not explicitly stated. Any special restrictions or limitations regarding specific client demographics or regions are also not provided, which may be a concern for potential clients.

  In conclusion, potential investors should exercise caution when considering Koddpa as a trading partner. The broker's claims of regulation and compliance should be thoroughly scrutinized, given the lack of transparency and detailed information regarding its operations. It is essential to prioritize safety and security when selecting a trading platform, and Koddpa may not meet the standards that serious investors require.

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Latest Reviews

FX1546524582

FX1546524582

India

I was scammed by a girl named linxin to invest in koddpa and when I was unable to withdraw I came to know I am scammed by them, koddpa is a fraudulent broker where you can add money but never be able to withdraw it.

Exposure

05-18

FX1475092188

FX1475092188

Chile

We were not allowed to withdraw our money, they indicated that the website was interfered by hackers. I lost all my money 1,760 USD. They closed the website and disappeared. The tutor of my account is named Xiaoye Chen.

Exposure

03-25

FX2596637352

FX2596637352

United States

It is a fraudulent platform called KODDPA. They claim to use artificial intelligence/robots to invest your money and give you profits, using fake news to appear legitimate, but it's all false. At first, they allow some people to buy USDT through wallets, deposit them to them with a link they generate, and then withdraw their money to use their testimonies and convince others that it's real. They offer bonuses to induce you to invest, and when you do, the next day your account is at $0, and they claim it was hackers and then ask you to give money in order to withdraw your money. Don't believe in all of this, it may seem legitimate, but in the end, it's a scam! There are many victims in different countries and reports. Warn your friends and don't fall for it!

Exposure

03-11

KODDPA Forex Broker has an overall rating of 5.22, Regulatory Index 4.62, License Index 4.62, Business Index 6.32, Software Index 4.16 Risk Control Index 0.00.