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Kodin Capital Markets Forex Broker provides real users with 3 positive reviews, 1 neutral reviews and 5 exposure review!

Kodin Capital Markets Broker Review

1.36

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Influence E

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Kodin Capital Markets Review 9

Latest All(9) Positive(3) Neutral(1) Exposure(5)
Neutral

Love the ease of depositing funds, but the minimum deposit is a bit high for new traders. Hopefully, it'll pay off in the long run.

Badder dex
2024-08-01
Positive

Kodin Capital Markets provides vast assets to trade, especially futures and cryptocurrencies. Customer service is excellent.They are always quick to respond.👍👍👍

Kim Min-jae
2024-06-28
Positive
Kodin Platform: Occasional Lags, User-Friendly App for Mobile Trading

Kodin platform occasionally lags, but it's not a deal-breaker. The mobile app is pretty user-friendly, though, so it's handy for trading on the go.

Tan Liang Jin
2024-06-26
Exposure
Unable to withdraw funds

In the meantime, he helped me deposit 15,700 US dollars. I made three orders on AdenMarkets and also made withdrawals. Later, I switched to two brokers, Kodincapita and obv, to deposit money by credit card. The credit deposit plus my savings deposited more than 60,000 US dollars. I just wanted to get my money back. I changed two brokers in the middle, and it was just right to switch to obv broker. During the Chinese New Year, I was asked to open a position in Platinum 68888. After the construction was completed, I was told that there would be a 5% tax on balances exceeding US$50,000. The tax could only be withdrawn after the tax was paid. After the tax was paid, I was told that I would have to queue up to withdraw the money.

賴妍安
2024-04-17
Exposure
Kodin markets scam

In the beginning, in 2024, I met an old friend with a Hong Kong girl and started dating, her name is Kelly, she asked me to enter the Kodin capital Markets, every transaction didn't matter. At the end of the month I want to withdraw it, the account is blocked and unblocked by the, Forteclaim the reason was a that it was a pig butchering romance scam.

Fx3578064
2024-03-12
Exposure
Mind tricks, pretending to be sincere but deceiving people

I met Liu Shijie on IG in November. He was born on July 26, 1983. He is a native of Changde, Hunan, mainland China. He owns a store in Hong Kong. After adding as a friend, he chatted three times a day to express his concern and sweet words, and also talked about my living situation. He kept saying that he hoped to change my life, and said that women should have their own income. He himself was quarantined due to the epidemic. There was no income. Later, I concentrated on studying international gold, which was also profitable. He said he would take me to do it together. The first time I invested NT$10,000, I got the profit back immediately. The second time I invested NT$100,000, I made a profit of NT$10,000, so I took the profit back first, thinking that I could keep the principal and continue. invest. Later, they said that the platform would have a position building activity at the end of the year, and asked me to ask the customer service. They said that there were only 2 places left and told me that I could sign up. Afterwards, I learned that I could not cancel after signing up, and I had to invest 88888 USDT before I could withdraw money; I said that I When I ran out of funds, he asked me to apply for a personal loan. He also helped me deposit money. He also kept saying that the money was deposited into my account and not his. He kept asking me not to worry. Later, because of the New Year, he wanted When I returned to my hometown, I couldn’t contact anyone; I used the same platform as me, so I realized that I had been scammed; I told the black platform that I wanted to withdraw money, but the black platform opened a position because I hadn’t completed the platform and asked me to pay liquidated damages. 18888USDT, and you can only withdraw money after opening a position. I just want to ask for help to get back my principal of NT$700,000.

Millie7039
2024-03-04
Exposure
Mind tricks, pretending to be sincere but deceiving people

I met Liu Shijie on IG in November. He was born on July 26, 1983. He is a native of Changde, Hunan, mainland China. He owns a store in Hong Kong. After adding as a friend, he chatted three times a day to express his concern and sweet words, and also talked about my living situation. He kept saying that he hoped to change my life, and said that women should have their own income. He himself was quarantined due to the epidemic. There was no income. Later, I concentrated on studying international gold, which was also profitable. He said he would take me to do it together. The first time I invested NT$10,000, I got the profit back immediately. The second time I invested NT$100,000, I made a profit of NT$10,000, so I took the profit back first, thinking that I could keep the principal and continue. invest. Later, they said that the platform would have a position building activity at the end of the year, and asked me to ask the customer service. They said that there were only 2 places left and told me that I could sign up. Afterwards, I learned that I could not cancel after signing up, and I had to invest 88888 USDT before I could withdraw money; I said that I When I ran out of funds, he asked me to apply for a personal loan. He also helped me deposit money. He also kept saying that the money was deposited into my account and not his. He kept asking me not to worry. Later, because of the New Year, he wanted When I returned to my hometown, I couldn’t contact anyone; I used the same platform as me, so I realized that I had been scammed; I told the black platform that I wanted to withdraw money, but the black platform opened a position because I hadn’t completed the platform and asked me to pay liquidated damages. 18888USDT, and you can only withdraw money after opening a position. I just want to ask for help to get back my principal of NT$700,000.

Millie7039
2024-03-03
Exposure
Scam

We met on IG and chatted with each other Then we're in relationship. I was induced to invest and open a position. However, after opening a position, because the funds are deposited by two IPs, a deposit must be paid. Of course there was nothing left in the end.

LYL1748
2024-01-27

  

Kodin Capital Markets 2025 Review: Everything You Need to Know

  Kodin Capital Markets has emerged as a new player in the forex trading industry since its establishment in 2023. However, the broker operates without regulatory oversight, raising significant concerns regarding its legitimacy and the safety of client funds. This review synthesizes various sources to provide a comprehensive overview of Kodin Capital Markets, highlighting both its features and the potential risks involved.

  Note: The lack of regulation is a critical factor when assessing this broker. It operates under different entities across regions, which can complicate the evaluation of its legitimacy and client protections.

  

Rating Overview

Category Rating (Out of 10)
Account Conditions 4
Tools and Resources 5
Customer Service and Support 3
Trading Setup (Experience) 4
Trustworthiness 2
User Experience 3

  How We Rate Brokers: Our ratings are based on extensive research and analysis of user experiences, expert opinions, and factual data about the brokers offerings.

  

Broker Overview

  Kodin Capital Markets, registered in Mauritius, offers a range of trading options across various asset classes, including forex, cryptocurrencies, and commodities. The broker provides access to popular trading platforms such as MetaTrader 4 (MT4) and MetaTrader 5 (MT5), which are well-regarded for their user-friendly interfaces and robust trading tools. However, the absence of regulatory oversight raises concerns about the protection of client funds and adherence to fair trading practices.

  

Detailed Section

  

Regulatory Status

  Kodin Capital Markets operates without any recognized regulatory authority overseeing its operations. This lack of regulation is a significant red flag, as it means there are no formal protections for clients in case of disputes or fund mismanagement. According to ScamWatcher, unregulated brokers like Kodin Capital Markets can operate with minimal accountability, making it easy for them to engage in fraudulent practices without fear of repercussions.

  

Deposit and Withdrawal Options

  The broker offers several deposit and withdrawal methods, including credit cards and wire transfers. However, reports suggest that clients often face challenges when attempting to withdraw their funds. Many users have complained about excessive withdrawal fees and delays, which is a common tactic employed by scam brokers to retain clients' funds. As noted by Valforex, clients may find themselves pressured to deposit more money or face obstacles when trying to access their initial investments.

  

Minimum Deposit

  Kodin Capital Markets has varied minimum deposit requirements depending on the account type. For instance, the minimum deposit for a micro account is reported to be as low as $100, while other account types require higher initial investments, ranging from $500 to $5,000. This tiered structure can attract a broad spectrum of traders, but the financial implications of dealing with an unregulated broker cannot be overstated.

  

Trading Costs

  The broker claims to offer competitive spreads, with reports indicating that spreads can start as low as 0.2 pips for certain accounts. However, the commission structure, particularly for ECN accounts, can affect overall profitability, as clients may incur commission fees of approximately $3 per lot traded. According to various reviews, these costs, combined with the broker's lack of regulatory oversight, significantly diminish the overall trading experience.

  

Leverage and Account Types

  Kodin Capital Markets offers leverage ratios that can go up to 1:500, a figure that is considerably higher than what regulated brokers typically provide. This high leverage can entice traders looking for substantial returns but also increases the risk of significant losses. The broker offers various account types, including micro, mini, premium, and ECN accounts, each designed to cater to different trading strategies and experience levels.

  

Customer Support

  Customer support for Kodin Capital Markets has received mixed reviews, with many users expressing frustration over the quality and responsiveness of service. Reports indicate that clients often struggle to get timely assistance, and some have noted that communication tends to cease once funds have been deposited. This lack of reliable support is a significant concern, especially for traders who may require assistance during critical trading moments.

  

Conclusion

  In summary, Kodin Capital Markets presents a range of trading options and competitive features that may initially attract traders. However, the absence of regulatory oversight, coupled with numerous user complaints regarding withdrawal issues and customer support, raises serious concerns about the broker's legitimacy. As highlighted in various reviews, including those from WikiFX and Myfxbook, potential clients are strongly advised to exercise caution and consider the risks involved before engaging with Kodin Capital Markets.