Search

KangDa Forex Broker provides real users with * positive reviews, 1 neutral reviews and 26 exposure review!

KangDa Broker Review

Rating Index
1.49
Regulation
0.00
License
0.00
Software Index
4.00
Risk Control
0.00
Business
6.87

Pros

A range of trading instruments available, including forex, commodities, and cryptocurrencies.
Utilizes the popular MetaTrader 5 (MT5) trading platform, offering advanced features for traders.
Claims to provide access to various financial markets, potentially appealing to a diverse set of investors.

Cons

Lacks valid regulation and oversight, raising significant concerns about the safety of investors' funds.
Numerous reports of withdrawal issues and customer complaints regarding unresponsive support.
Official website is currently inaccessible, indicating potential operational instability or fraudulent activities.

KangDa Review 27

All(27) Neutral(1) Exposure(26)
Exposure
KangDathe scam has been broken down after the so-called m&a/merger, dispersing investors in small groups to multiple platforms

KangDaafter the so-called merger/merger, the fraud has been broken into parts, and the investors are dispersed in groups to multiple fraud platforms (such as eldertoncapital, far-soaring...), in this way, it is almost impossible to find fraudulent news on the platform on the internet , its software tradingweb is developed by xirius capital holdings lnc, which allows fraud platforms to tamper with data and defraud individuals in groups. this group is: the victim, the customer service, the middle window (unknown netizen), the customer service and the middleman exchange information to form a flawless scam.

TruthfulMan
2022-11-22
Exposure
Fraud platform maintenance and upgrade in September and transfer EldertonCapital in October, unable to withdraw money

The KangDa platform trades foreign exchange, with three deposits totaling 37,455, with a profit of $2,857 in two weeks of operation, and one withdrawal of $100 from the e-wallet. The platform EldertonCapital made a profit of 268,651.52 US dollars. When withdrawing 10,000 US dollars, the frozen trading account was required to pay 3% of the tax profit to the tax address.

Hugh82754
2022-11-05
Exposure
Kangda deceives money for various reasons and does not withdraw

Kangda, a foreign exchange platform, is a fraud platform. The first time I was asked to pay the tax, my girlfriend and I paid it separately, and the result was a transaction account that was not refunded to my account. The second time I was asked to make up the refunded portion, I want to pay with my account, but the tax payment time interval is too long, and the review fails, and the money is withdrawn from the transaction account. The third tax payment review passed, but I was asked to pay the unfreezing fee. The account abnormality requires me to pay 3 times the hedging funds.

Jin-han Wu
2022-09-19
Neutral

Very poor service!!! When confronted and asked if they were actively trading against my positions, Xprestrade refused to answer the question. Paid in full for brokerage costs and again cancelled my withdrawal.

妖妖零
2022-12-20
Exposure
After paying the tax, the broker does not withdraw

I paid the tax twice. The first time I paid the tax with two different accounts, the system judged that the audit failed. I also recognized it. The second time I collected the money and paid the tax in less than 12 hours, but the customer service kept asking me to wait. , did not say how long to wait? Whether such a volume dealer is a black platform, please Tianyan to intervene in the investigation

Jin-han Wu
2022-09-10
Exposure
Cannot withdraw after paying tax

If the profit exceeds 200,000 US dollars, 12% of the personal tax will be paid. After the payment is completed, the broker will use different reasons to delay the payment.

Jin-han Wu
2022-09-10
Exposure
Customer service vanished after I paid the tax

To withdraw 200,000 USD, 12% of the personal income tax must be paid before the review and withdrawal process. The first time I paid the tax, I used two different names in two transactions. Then I was contacted by the customer service saying that taxes must be paid by the same name, so the second transaction of taxes was refunded to my trading account and I had to pay an additional 8001 USD. I hurriedly scraped together the money and paid it off. In the evening, the customer service said the interval between these two payments was too long to be reviewed by the system, and I must pay the tax again. I paid the tax again the next day, but the customer service said it would take 24 hours to review and unfreeze my account, but now the customer service has disappeared and unreachable.... This is a black-hearted broker that made me heavily in debt now.

Jin-han Wu
2022-09-09
Exposure
The withdrawn money has not been credited to my account

It’s been almost a month since I applied for withdrawal on August 10. I still haven’t received the remittance. I have paid the account management fee of the HKMA and the customer service has not responded... Please help me. The loan is about to be paid

阿弘
2022-09-07

Kangda 2025 Review: Everything You Need to Know

Kangda, a forex broker that has come under scrutiny for its questionable practices, is often labeled as unregulated and potentially fraudulent. This review consolidates various expert opinions and user experiences, highlighting the broker's lack of transparency and regulatory oversight. Key findings indicate that investors should exercise extreme caution when considering Kangda as a trading platform.

Note: It is crucial to recognize that Kangda operates under different entities across regions, which may impact its regulatory standing. This review aims to provide an accurate and fair assessment based on available data.

Rating Summary

Category Rating (out of 10)
Account Conditions 2
Tools and Resources 3
Customer Service and Support 1
Trading Setup (Experience) 2
Trustworthiness 1
User Experience 2

We rate brokers based on user feedback, expert analysis, and regulatory compliance.

Broker Overview

Kangda is operated by Kangda Global Limited, and while it claims to be based in the United Kingdom, it lacks valid regulation from recognized authorities like the Financial Conduct Authority (FCA). The broker has been in operation for approximately 2 to 5 years, but its regulatory status remains questionable. Kangda primarily offers the popular MetaTrader 5 (MT5) trading platform, allowing access to a variety of financial instruments, including forex, commodities, indices, and cryptocurrencies. However, it has been reported that Kangda does not provide any demo accounts for potential traders to test its services.

Detailed Section

Regulatory Status

Kangda operates in a highly ambiguous regulatory environment. According to various sources, including BrokersView, Kangda is not regulated by any recognized authority, making it a high-risk option for traders. The lack of regulatory oversight raises significant concerns about the safety of investors' funds. Moreover, there are multiple warnings issued against Kangda by regulatory bodies in countries like the UK, Australia, and New Zealand, which further emphasizes its untrustworthy status.

Deposit/Withdrawal Currencies

The available currencies for deposits and withdrawals at Kangda are not explicitly mentioned in the reviewed sources. However, it is essential for potential clients to inquire directly about this information before proceeding. The absence of clear details on deposit methods adds to the opacity surrounding Kangda's operations.

Minimum Deposit

The minimum deposit requirement for opening an account with Kangda is not specified in the available information. This lack of transparency can deter potential clients who wish to understand the financial commitment required to start trading.

Bonuses/Promotions

Kangda does not appear to offer any significant bonuses or promotions, which is often a red flag in the forex trading industry. Many reputable brokers provide incentives to attract new clients, and the absence of such offers may indicate a lack of competitiveness in the market.

Tradable Asset Classes

Kangda claims to offer a range of tradable asset classes, including forex, commodities, indices, and cryptocurrencies. However, the quality and execution of trades remain questionable, with reports of unauthorized trades and poor execution practices from users, as highlighted in various reviews.

Costs (Spreads, Fees, Commissions)

The exact costs associated with trading on Kangda, including spreads and commissions, are not clearly outlined in the sources reviewed. This lack of transparency is concerning, as traders need to understand the potential costs involved in their trading activities to make informed decisions.

Leverage

Kangda does not provide specific information regarding the leverage offered to traders. The absence of this critical information can leave potential clients in the dark about the risks they might be taking on.

Allowed Trading Platforms

Kangda primarily utilizes the MetaTrader 5 (MT5) platform, which is well-regarded among traders for its advanced features. However, the accessibility of this platform is questionable due to reports of the broker's website being inaccessible.

Restricted Regions

There is no detailed information regarding regions where Kangda is restricted from operating. However, given its unregulated status and warnings from various financial authorities, it is advisable for traders from heavily regulated regions to avoid this broker.

Available Customer Service Languages

Kangda's customer service options appear limited, with no clear information on the languages supported. User reviews indicate significant dissatisfaction with customer support, citing unresponsive communication and a lack of assistance when issues arise.

Final Score Summary

Category Rating (out of 10)
Account Conditions 2
Tools and Resources 3
Customer Service and Support 1
Trading Setup (Experience) 2
Trustworthiness 1
User Experience 2

In conclusion, the Kangda review indicates that this broker poses significant risks to potential traders due to its lack of regulation, transparency, and poor customer service. Investors are strongly advised to consider other options that prioritize client protection and regulatory compliance. Always conduct thorough research before investing with any broker, especially those like Kangda that have garnered negative reviews and warnings.

KangDa review