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KILCOR Forex Broker provides real users with * positive reviews, * neutral reviews and 4 exposure review!

KILCOR Broker Review

Rating Index

Pros

Potentially low trading fees compared to some competitors.
User-friendly trading platform that may appeal to beginners.
Offers a variety of trading options including forex, commodities, and indices.

Cons

No valid regulatory oversight, raising concerns about legitimacy and safety.
Numerous complaints regarding withdrawal issues and lack of customer support.
High-risk level associated with unclear fund safety measures and operational transparency.

KILCOR Review 4

Latest All(4) Exposure(4)
Exposure
Scam via dating app and fraud platform as well as fake MT4. Ask you to add fund

I knew a women via Tinder on February 26, 2020. She claimed she was from Malaysia, called Jiaxin Chen. We chatted on Line from 2/26. She said she worked in Malaysia as a forex financial advisor. She asked me whether I wanna invest from time to time. She cared about me during the covid-19 and win my trust. She recommended a forex trading platform called 111 to me and helped me opened an account with my guard down. She said she can manage my account for me. I deposited $2,010 on March 20, 2020 and gave my account to her. I deposited $7,500 again during her management. Then she made a loss on May 18, 2020 and induced me to add fund to upgrade my account to VIP for low risk. So I added $16,440 on June 3, 2020, my principal was $25,940 in total. Later, she reminded me I profited. Until the beginning of August, she said my account balance was up to $90,000. She bought 20 lots, making a loss of over $87,000. She usually bought 1.2 lots every time. But she said the market fluctuated greatly and asked me to add $30,000 for safe. I became suspicious so I refused. She threatened me, saying I would lose all my fund. Then my account balance was zero. I didn’t get any money and now I lost all my principal. Besides, her photos are from a model.

FX3145055063
2020-10-13
Exposure
Use MT4 and dating app to scam others

She said she was from Hong Kong and worked in Malaysia. She sent me a card, writing she was a senior business manager. She chatted with you everyday and sent you photos about her daily life, showing her profit. Then she asked you to give her money to manage. The plan she said is that you deposit NT$500,000 and help you profit 20%. Then she said there was a new plan and told you to borrow money. And this time I can’t withdraw, the account was invalid too. I suspected that she was a fraud but she said she would ignore me if she was a fraud. KILCOR was an Australian investment company but there was no forex in their investment programme. The Singapore government also said the company wasn’t regulated. Address :T3-13-15, 3 Towers, Jalan Ampang, Kampung Berembang, 55000 Kuala LumpurWebsite: https://www.kilcormanagementptyltd.com Email: cs@kilcormanagementptyltd.com

FX3933980471
2020-10-09
Exposure
Win your trust by relationship. Induce you to invest through loans. Can’t withdraw

I knew the girl through Omi app. She said she came from Hong Kong and was trading in Malaysia now, working in KILCOR INVESTMENT MANAGEMENT PTY LTD. Then we chatted on Line. She tried her best to win your trust and then told you that you have to learn to earn money by money begets money, only in this way, can you get rich. I searched about her company, and the company said it was regulated. However, it turns out that the regulators were all fake. Don’t be cheated. Be cause I wanna make money to buy house and get married, making her have an opportunity. They used Mt4. At first, they would let you earn some money. She knew that I wanna make money very much so she recommended an investment plan for me which can earn double profit. She said she would deposit money in our account. You can see the amount in your account but she didn’t deposit the true money, what you can see just a number. I deposited about $58,000, of course I lost all. The money is from my credit loan. I realized I was cheated this June and called the police. They are so clever that it’s very difficult to get them. Then I can’t log in to my account, but they said they were hedging, and the withdraws were delayed until the middle of August. And then said, wait. What’s more, you would be convinced that the platform was true when you showed some negative information about this company. In a word, you have to be calm when facing this company. The company used the same website page as ETROLAND FUNDS MANAGEMENT PTY LTD, hilarious. Besides, their phone number doesn’t exist. Later, she said she was fired by the company because she lost all the money when investing. Obviously, I can’t withdraw. Mind to be careful when you use a dating app. An advice for you, don’t deposit money until you see the girl.

Wilson5495
2020-09-26
Exposure
Stay away the fraud

It is simply a fraud company. I deposited $3000. Then it informed me a good opportunity to earn money. So I signed the credit loan, albeit feeling it is a fraud. As long as I made up for the fund, I needn’t to pay the interest. What I want was to view the company profile, while the service only replied to me when it came to deposit. I figured out that the company opened its website 2 months ago. The receipt was from kilco. This 2 companies set up the website at the same time. I always believe what he said: 1. The so-called available is fake. As long as I wanted to withdraw fund, he would claim a failed process. He would sudden placed 31 lots to cause losses!

Zhi Jun Tan
2020-05-15

Kilcor 2025 In-Depth Review: Opportunity or Trap?

Executive Summary

Kilcor is a forex brokerage that has swiftly attracted the attention of novice traders with its promises of low-cost trading options and access to a diverse suite of asset classes, including forex, commodities, and indices. However, beneath this alluring façade lies a multitude of risks associated with its unregulated status. The absence of valid regulatory oversight raises significant flags regarding the integrity of operations and the protection of client funds.

The target demographic for Kilcor includes inexperienced traders who may be unaware of the potential pitfalls of investing through an unregulated platform. These individuals may be easily swayed by low fees and diverse trading options, often without adequate research into the broker's legitimacy. Conversely, seasoned investors prioritize security and regulatory compliance, making Kilcor a less appealing option for those looking to safeguard their financial interests.

The core thesis of this review is that while Kilcor presents itself as an attractive forex brokerage, the risks it poses to traders—particularly novices—outweigh the benefits. As such, it becomes critical for potential clients to weigh the trade-offs carefully before engaging with this broker, as the promise of low fees could lead to significant financial losses.

⚠️ Important Risk Advisory & Verification Steps

  • Warning: Kilcor operates without valid regulatory oversight. Engage with extreme caution.
  • Potential Harms:
  • Risk of fraud and loss of funds.
  • Difficulty in accessing or withdrawing funds.
  • Unresponsive customer support.

Self-Verification Guide:

  1. Check Regulatory Bodies: Always verify a broker's regulatory status through recognized financial authorities (e.g., ASIC, FCA).
  2. Search for Complaints: Use consumer feedback platforms to find reviews detailing other users' experiences.
  3. Examine Business Background: Look for transparent information regarding the companys operational history and leadership.

Rating Framework

Evaluation Dimension Rating (out of 5) Justification
Trustworthiness 1 Operates without valid regulatory oversight, raising substantial risk.
Trading Costs 2 Low fees may exist, but hidden charges can lead to unexpected losses.
Platforms & Tools 2 Platforms reportedly lack reliability, impacting trading effectiveness.
User Experience 1 Numerous complaints about withdrawal issues and poor support.
Customer Support 1 Significant dissatisfaction reported with responsiveness of support.
Account Conditions 2 Lack of clarity on fees and conditions can mislead users.

Broker Overview

Company Background and Positioning

Kilcor was established in 2010 under the name Kilcor Investment Management Pty Ltd, though it claims to have a substantial market presence in Malaysia. However, the company exhibits a lack of transparency regarding its ownership and management, raising doubts about the expertise and reliability of its operations. Critics have catalogued its obscure background and minimal details about its leadership as red flags, calling into question Kilcor's credibility in the financial market. Such ambiguity casts a shadow on its legitimacy and raises the pivotal question, “Is Kilcor safe?”

Core Business Overview

Kilcor promotes itself as a forex brokerage that provides access to a variety of trading instruments including forex, commodities, and indices. Yet, its claimed affiliations with reputable regulatory bodies have been debunked by investigations revealing no valid licenses or regulatory oversight. Consequently, the absence of external accountability compounds the risks associated with trading through Kilcor.

Quick-Look Details

Feature Details
Regulation No valid regulation
Min. Deposit Unknown
Leverage Unknown
Major Fees May include high withdrawal fees; lacks transparency

In-Depth Analysis

Trustworthiness Analysis: Teaching Users to Manage Uncertainty

The regulatory status of Kilcor is paramount to assessing its legitimacy. With no valid licenses or oversight bodies confirming its operations, traders are urged to approach this broker with caution. The lack of transparency about the company's governance and business practices contributes to an uncertain environment for investors.

  1. Regulatory Conflicts: Kilcor has been flagged for suspicious activities due to the absence of recognized regulatory credentials, thus raising concerns about its operational integrity.

  2. User Self-Verification Guide:

  3. Check regulatory databases such as ASIC or FCA for the broker's license status.

  4. Search the NFA's BASIC database to confirm registration.

  5. Review public feedback on consumer protection platforms for user testimonials.

  6. Industry Reputation: User feedback paints a bleak picture regarding fund security.

"Many clients have reported difficulties in withdrawing funds, a common issue among unregulated brokers."

Trading Costs Analysis: The Double-Edged Sword Effect

While Kilcor's trading costs may seem appealing at first glance, the omission of complete fee structures raises potential alarms.

  1. Advantages of Low Commissions: Kilcor markets low-cost commissions, which can initially attract traders focused on minimization of initial costs.
  2. The "Traps" of Non-Trading Fees: However, traders have reported high withdrawal fees and hidden costs, detracting from the overall appeal.

"I deposited $3000. The service only replied to me when it came to deposit. I figured out that the company opened its website 2 months ago."

  1. Cost Structure Summary: The initial attraction of low costs is offset by hidden fees that could erode potential profits.

Platforms & Tools Analysis: Professional Depth vs. Beginner-Friendliness

Kilcor offers a range of trading platforms that seem to cater to varied trader needs.

  1. Platform Diversity: Various platforms are available, but user feedback indicates issues related to performance and stability.

  2. Quality of Tools and Resources: The tools provided may lack depth and reliability, impacting traders, especially in volatile conditions where split-second decisions are vital.

  3. Platform Experience Summary: Many users have reported problems with execution and platform stability.

"Traders have reported instances of slippage and rejected orders, which can severely impact trading outcomes."

User Experience Analysis

User experiences with Kilcor reveal significant dissatisfaction primarily associated with withdrawal issues and inadequate support.

  1. Withdrawals and Support: Clients have conveyed frustrations regarding the difficulty of accessing their funds, with reports of poor customer support exacerbating the problem.

"Many clients feel abandoned and frustrated after multiple requests to access their funds."

  1. Operational Integrity Risks: The accumulation of these negative experiences suggests operational practices that raise questions about Kilcor's commitment to user satisfaction.

Customer Support Analysis

Kilcor's customer support services have come under scrutiny due to repeated user complaints regarding responsiveness and helpfulness.

  1. Negative Feedback Patterns: Consistent mentions of poor response times can impede trader confidence.

  2. Service Level Expectations: Reports indicate that users often receive inadequate assistance, compounding their issues with withdrawals and account inquiries.

Account Conditions Analysis

Kilcor's structuring and conditions for accounts present additional risks.

  1. Lack of Transparency: Users struggle to grasp the complete fee structure and trading conditions associated with their accounts due to vague information provided by Kilcor.

  2. Potential investor setbacks: As a result, traders are advised to approach Kilcor with skepticism and prepare for unexpected financial burdens stemming from unclear account conditions.

Conclusion

In conclusion, Kilcor broker operates in an area fraught with substantial risks for traders. Despite the allure of low fees and a range of trading options, the absence of valid regulation, numerous user complaints about fund accessibility, and opaque operational practices sharply dilute the potential benefits.

For those keen on trading, it is prudent to explore alternatives that are firmly regulated by recognized authorities and possess a solid track record of user satisfaction. Traders seeking security and reliability should regard brokers with strong regulatory frameworks like Pepperstone or IG Markets to mitigate the myriad risks associated with unregulated entities like Kilcor. Ultimately, potential traders must ponder the critical question: “Is Kilcor safe?” The evidence strongly suggests it would be wise to consider other trading platforms.

KILCOR review