Kes Market 2025 Review: Everything You Need to Know
Summary: The overall assessment of Kes Market is largely negative, with numerous reports of unregulated practices, poor customer service, and withdrawal issues. The broker lacks transparency in its operations and has been labeled as a potential scam by several sources.
Note: It's crucial to consider the different entities operating under the Kes Market name, as this may affect user experience and trust. This review has been compiled with a focus on fairness and accuracy, drawing from multiple sources.
Ratings Overview
How We Rated the Broker: This rating is based on a comprehensive analysis of user experiences, expert opinions, and factual data regarding the brokers offerings.
Broker Overview
Established in 2020, Kes Market claims to operate as a forex broker providing access to various trading instruments, including forex, CFDs, and cryptocurrencies. However, its regulatory status is highly questionable, and it does not appear to be licensed by any reputable financial authority. The trading platform used by Kes Market is proprietary, and it does not support popular platforms like MetaTrader 4 or MetaTrader 5. The assets available for trading include a limited range of forex pairs and CFDs, but the lack of transparency regarding their offerings raises concerns.
Detailed Breakdown
Regulatory Areas:
Kes Market does not provide clear information about its regulatory status, which is a significant red flag. Sources indicate that it operates without valid regulation, leading to concerns about the safety of traders' funds.
Deposit/Withdrawal Currencies/Cryptocurrencies:
The broker primarily operates in USD, with no clear indication of support for Kenyan Shillings (KES). Users have reported difficulties in withdrawing funds, which adds to the negative reputation of the broker.
Minimum Deposit:
While specific minimum deposit amounts are not consistently reported, the broker's lack of transparency suggests caution is necessary.
Bonuses/Promotions:
There are currently no bonuses or promotions available through Kes Market, which is unusual for most brokers aiming to attract new clients.
Tradeable Asset Categories:
The asset categories available seem limited, focusing primarily on forex pairs and CFDs without a diverse range of instruments, which could restrict trading opportunities.
Costs (Spreads, Fees, Commissions):
Reports indicate that traders may face high spreads and hidden fees, although specific figures are not provided. This lack of clarity can lead to unexpected costs for traders.
Leverage:
The broker does not clearly outline its leverage offerings, which is another indicator of its lack of transparency.
Allowed Trading Platforms:
Kes Market operates on its own proprietary platform, which lacks the familiarity and features of widely-used platforms like MT4 or MT5.
Restricted Regions:
While specific restrictions are not mentioned, the lack of regulation and transparency may imply that traders from certain regions could face difficulties.
Available Customer Support Languages:
Customer support appears to be severely lacking, with no clear contact information provided. This absence of support can leave traders feeling abandoned when issues arise.
Repeated Ratings Overview
Detailed Analysis of Ratings
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Account Conditions (2/10):
Kes Market does not offer a variety of account types, which limits traders' options. The absence of clear minimum deposit requirements further complicates the decision-making process for potential clients.
Tools and Resources (3/10):
While the broker provides some basic educational resources, they are insufficient for traders looking to enhance their skills. The lack of advanced trading tools is a significant drawback.
Customer Service and Support (1/10):
Numerous complaints highlight the absence of customer service. Users have reported being unable to reach support for assistance, which is a critical issue for any trading platform.
Trading Experience (2/10):
The proprietary trading platform lacks the features and familiarity that traders expect from established platforms, making it challenging for users to navigate effectively.
Trustworthiness (1/10):
Given the broker's unregulated status and numerous negative reviews, it is deemed highly untrustworthy. Reports of withdrawal issues and potential scams further diminish its credibility.
User Experience (2/10):
Overall user experiences have been negative, with many traders expressing dissatisfaction with the service and support provided by Kes Market.
In conclusion, the Kes Market review reveals significant concerns about the broker's reliability and transparency. Potential users should exercise extreme caution and consider alternatives that offer better regulatory oversight and customer support.
