KFS Forex Broker provides real users with * positive reviews, * neutral reviews and 1 exposure review!
Business
License
They know my friends, and then an agent calls me to threaten me that if I don't give them $500, they won't pay me the other. In short, a disaster as a company. Please protect me and give me my money back, plus I'm seeing and he tells me the page is not available
KFS, established in 2017, has garnered mixed reviews in the forex trading community. While it offers the popular MT4 trading platform and a range of customizable features, its lack of regulation and a low trust score have raised significant concerns among potential traders. This review aims to provide a comprehensive overview of KFS, highlighting its strengths and weaknesses based on user experiences and expert analyses.
Note: It is essential to recognize that KFS operates under different entities across regions, which may affect user experiences and regulatory oversight. This review is based on a thorough analysis of available data to ensure fairness and accuracy.
| Category | Rating (Out of 10) |
|---|---|
| Account Conditions | 3 |
| Tools and Resources | 5 |
| Customer Service and Support | 4 |
| Trading Setup (Experience) | 6 |
| Trustworthiness | 2 |
| User Experience | 5 |
How We Rate Brokers: Our ratings are derived from a combination of user reviews, expert opinions, and factual data regarding the broker's services and performance.
KFS, also known as Kerida, is a forex broker based in the United Kingdom. The broker primarily operates using the MetaTrader 4 (MT4) trading platform, which is well-regarded for its customizability and functionality. KFS provides access to various asset classes, including forex, commodities, and indices. However, it is important to note that KFS is not regulated by any major financial authority, which raises concerns about the safety and security of client funds.
Regulatory Geographies:
KFS is based in the United Kingdom but lacks regulation from any recognized financial authority. This absence of oversight can pose a significant risk for traders, as unregulated brokers do not provide the same level of protection as their regulated counterparts.
Deposit/Withdrawal Currencies and Cryptocurrencies:
The broker does not support cryptocurrency trading, which may be a drawback for traders interested in digital assets. KFS primarily operates in traditional fiat currencies, but specific details on supported currencies were not extensively covered in the reviews.
Minimum Deposit:
The exact minimum deposit requirement for opening an account with KFS is unclear from the available information. However, potential users should be cautious and inquire directly with the broker for precise figures before committing any funds.
Bonuses/Promotions:
There were no specific mentions of bonuses or promotions associated with KFS, which could be a disadvantage compared to other brokers that offer incentives to attract new clients.
Tradeable Asset Classes:
KFS offers a range of asset classes, including forex pairs, commodities, and indices. However, the absence of cryptocurrencies may limit trading options for some users.
Costs (Spreads, Fees, Commissions):
KFS's reviews indicate that while the MT4 platform is user-friendly, the broker's cost structure, including spreads and commissions, was not explicitly detailed. Traders are advised to review the fee schedule directly on the KFS website or inquire with customer support.
Leverage:
The leverage options provided by KFS were not clearly specified in the reviews. Traders should be aware of the risks associated with high leverage and ensure they understand the implications before trading.
Allowed Trading Platforms:
KFS exclusively uses the MT4 platform, which is available on desktop and mobile devices. While MT4 is a widely used platform, some users may find its interface outdated compared to newer trading platforms.
Restricted Regions:
The reviews did not specify any restricted regions for KFS, but traders should verify this information based on their location and any applicable regulations.
Available Customer Service Languages:
KFS offers customer support in several languages, including Simplified Chinese. However, user reviews indicated that response times could be longer than expected, which may affect the overall trading experience.
| Category | Rating (Out of 10) |
|---|---|
| Account Conditions | 3 |
| Tools and Resources | 5 |
| Customer Service and Support | 4 |
| Trading Setup (Experience) | 6 |
| Trustworthiness | 2 |
| User Experience | 5 |
Account Conditions: KFS's account conditions are concerning due to the lack of regulation, which leads to a low score of 3. Traders should exercise caution when dealing with unregulated brokers, as they may not offer adequate protections for client funds.
Tools and Resources: The MT4 platform provides a reasonable level of functionality, earning a score of 5. However, the absence of advanced tools and resources may limit the trading experience for more sophisticated traders.
Customer Service and Support: While KFS offers support in multiple languages, the overall customer service experience has received mixed reviews, resulting in a score of 4. Users have reported longer wait times for responses, which can be frustrating.
Trading Setup (Experience): The trading experience on the MT4 platform is generally positive, with a score of 6. However, the outdated interface may not appeal to all traders.
Trustworthiness: KFS's lack of regulatory oversight contributes to a low trustworthiness score of 2. Traders should be cautious and conduct thorough research before engaging with this broker.
User Experience: The overall user experience is rated at 5, reflecting a mix of positive and negative feedback from users regarding the platform's usability and functionality.
In conclusion, KFS presents a mixed bag for potential traders. While it offers a familiar trading platform and a range of asset classes, the lack of regulation and customer service concerns are significant drawbacks. As always, traders are encouraged to conduct their own due diligence before selecting a broker, especially one like KFS that has received a low trust score in multiple reviews.
FX Broker Capital Trading Markets Review
