KSF Forex Broker provides real users with * positive reviews, * neutral reviews and 1 exposure review!
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I am a victim of ksftrade.com brokerage. Afterwards I found out that this broker is regulated I got scared because my money is stuck and I can't draw. I sent several emails and they don't reply. After 60 days they decided to give me only a small part of the investment instead of profits. I talked to a former employee and they told me I was lucky to get paid because they usually cheat people.
The KSF forex broker has garnered significant attention in the trading community, but the consensus is overwhelmingly negative. Users frequently report issues related to withdrawals, customer service, and overall trustworthiness. This review delves into the various aspects of KSF, drawing upon a range of user experiences and expert insights to provide a comprehensive overview.
Note: Its important to highlight that KSF operates under different entities across various regions, which adds a layer of complexity to its regulatory status and user experiences. This review aims to present a fair and accurate assessment based on the available information.
| 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 |
How We Rate Brokers: Our ratings are based on a combination of user feedback, expert opinions, and factual data regarding the brokers offerings.
Founded approximately 5 to 10 years ago, KSF operates under the name K&S Financial Management Limited, with a registered address in the UK. The broker primarily offers the MetaTrader 4 platform for trading, which is widely recognized among forex traders. KSF provides access to a variety of trading instruments, including forex currency pairs, indices, stocks, commodities, and CFDs. However, despite these offerings, the broker's regulatory status remains questionable, as it holds only an investment advisory license rather than a forex trading license, leading to significant concerns about its legitimacy.
KSF claims to operate in the UK, but it has received warnings from regulatory bodies such as the FCA, indicating that it is not authorized to conduct forex trading. According to sources, KSF has been blacklisted by multiple regulatory authorities, which raises serious concerns about its operations and practices.
While specific information about supported currencies is sparse, users have reported difficulties in withdrawing funds regardless of the currency used. This has been a consistent theme in user reviews, contributing to a negative perception of the broker.
The minimum deposit requirement is not clearly specified in the available resources, which is a common red flag for potential traders.
There is little to no information regarding bonuses or promotions offered by KSF. However, users have reported being lured in by promises of high returns, only to face difficulties when attempting to withdraw their funds.
KSF offers a range of asset classes, including over 60 forex pairs, indices, commodities, and CFDs. However, the quality of these offerings is often questioned due to the broker's reputation.
User reviews indicate that KSF may impose hidden fees and unfavorable spreads, which can significantly impact trading profitability. The lack of transparency regarding costs is a major concern.
While specific leverage details are not widely available, many brokers in this category typically offer high leverage options, which can be risky for inexperienced traders.
KSF primarily supports the MetaTrader 4 platform, which is known for its robust features and user-friendly interface. However, the overall trading experience is marred by the broker's questionable practices.
There is no comprehensive list of restricted regions, but users from various countries have reported issues with accessing their accounts or withdrawing funds.
Customer support appears to be a significant weak point for KSF, with many users citing unresponsive support and aggressive sales tactics. There is no clear indication of the languages supported, but English is likely the primary language given its UK registration.
| 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 KSF review paints a troubling picture of a broker that has failed to meet the expectations of its users. With numerous complaints regarding withdrawal issues, unresponsive customer service, and regulatory warnings, potential traders are advised to exercise caution when considering KSF as a trading partner.
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