The company claims to have over 102,000 customers and is headquartered in Austria. According to the website, the average margin per position is over $3,000 and trading volumes are $1.5B. In addition, the firm’s activities are supposedly regulated. However, there is no evidence of this in any way.
Is it safe for you to work on this platform? We will analyze the legal aspects and trading conditions in our Kanyon Trading SCS review, after which we will draw conclusions about the reliability of this broker.
How to Trade
CFDs are available to clients via WebTrader. The broker offers three types of trading accounts, which differ only by the entry threshold. The main parameters of the tariffs:
- Minimum deposit $150.
- Cryptocurrency and metals trading.
- Leverage 1:100.
Specific amounts of transaction fees, spreads, and other charges are not indicated on the website. Deposit funding is possible via BTC, USDT, USDC.
Additional services include deposit protection, exclusive bonuses, and deposit insurance. Support is available 24/5.
Kanyon Trading SCS Vital Info
The firm’s success story began in 2015, according to the owners of the project. In addition, they indicate the name of the CEO, allegedly the famous entrepreneur Emil Braunhof. However, this character is most likely fictitious, as there is no information about Emil Braunhof either on the broker’s website or online. As for the launch date of the platform, it can be easily determined by the domain – January 23, 2025.
We found it strange that the Austrian-based firm’s user agreement specifies dispute resolution under Vanuatu law. We checked the “legal” activities of the project. As you might expect, there is no company with this name in Vienna at the address indicated on the website. Other contacts – email and phone – are also fake. Besides, Kanyon Trading SCS is officially listed in the registers of Luxembourg, but it is not a broker, and the website we are investigating does not belong to it.
I studied trading and was looking for a broker with convenient trading conditions. In the end I stopped at kanyontradingscs.com. I liked the service immediately, I rate it positively. The first thing that attracted me was the available minimum deposit. I also liked the flexibility of trading conditions - there are different types of accounts, which allows you to choose the best option. The interface of the platform is convenient and intuitive, so it is not difficult to get used to it. All this was important for me, as at the moment of registration I was just starting to trade. I have no complaints about the broker after a month of work. Trading is stable, trades are executed accurately. I have not yet withdrawn money from this company, but I like almost everything. KANYON TRADING has a lot of markets, and the software is very clear. Any beginner like me will easily understand the functionality and interface. Trading here is easy, the main thing is financial discipline and following the rules. If something goes wrong, experienced managers will always help you. Besides, KANYON TRADING has training programs and you can ask questions, consultants will answer you competently. I hope that withdrawal of funds here is fast, without hidden commissions and delays.
I believe that this is not a broker, but ordinary scammers. I have not had time to trade here yet, I just tried to pass verification. And it's just a nightmare!!! They request a lot of unnecessary information, and when I ask why, there is no reasonable explanation! That's it, I decided not to cooperate with this company anymore.
I had a disgusting experience! These scammers lured me in with low fees and then charged me over $2,800 for obscure transactions! Customer service is indifferent, I feel like I'm talking to a wall. Worst of all, my funds have been frozen indefinitely with no explanation. I feel cheated and insulted.
There are both positives and negatives here. I will start with the positive ones. This broker is not afraid to show the registration address, documents and license, and in general, the fact that it exists legally, even if it is from Vanuatu, that is offshore, it is not bad. Leverage is x100, spreads seem narrow, and the WebTrader platform is rather a plus, as such conditions can be called adequate. The negative side is the short time of operation, during which it is impossible to create a reputation of a proven broker. In addition, KANYON TRADING SCS does not have licenses from other regulatory bodies and there are questions about their Direct Market Access (DMA) applications. It is unlikely that this offshore broker has access to the markets. So, it is possible that there is also a scam to lure people into their brokerage networks or something like that. Should you trust this broker or not? I don't know, it's up to you to decide, I've expressed my point of view, I think the odds are 50/50, like roulette, I'll be sorry if you're not lucky...
In my opinion, brokers with transparent conditions and adherence to financial standards are among the most reliable. Kanyon trading scs declares compliance with AML&KYC policy, as well as other important requirements, which shows a serious approach to client safety and makes the company a worthy choice for trading. Comfortable conditions for forex traders have been created here. Spreads are competitive, they are as low as 1-2 pips on major currency pairs, and the major markets tend to have low bid and ask rates, allowing you to set stop losses at optimal points without overextending your distance. This is especially important for those who work with precise strategies and calculations. For example, like me 😀 Well it should be convenient for beginners too. As far as I know, the company also provides educational materials and consultations on kanyontradingscs.com, which help to get used to the market faster and start trading with a proper understanding of the processes.
I decided to withdraw my profit of 3,270 USDT. I was sure that everything would go smoothly as I provided all the necessary documentation for verification. However, 25 days have passed and I am still waiting for my money. The broker is constantly dragging out the process, I suspect I have fallen for a hard scam!
The broker looks like a scammer. Absolutely everything is bad here - starting from verification, endless red tape, continuing with the terminal - yes, it works like a turtle, you can grow old waiting for the execution of orders, and ending with the withdrawal of funds - verification again and endless waiting again...
This is just unbearable! I've been trying to verify my account with Kanyon trading scs for a month now, and still no success! First they asked for a bunch of documents that I provided, and now they say that additional verification is required. I have lost more than a thousand dollars on trades because of their bureaucracy! A company with this approach to customers should be shut down!
I invested $13.5k in Kanyon Trading (kanyontradingscs.com , trade.kanyontradingscs.com) because I received a firm guarantee of stable income from the manager. However, when I asked to withdraw my profits, they just blocked my account. They are fraudsters and con artists!
This is a fraudulent organization. I lost 8,520 euros here, and half of them I lost myself, although I know how to trade, but the conditions here were not at all for profitable trading… I could not withdraw the remaining 4,200 euros. The broker KANYON TRADING SCS simply does not withdraw money without a reason, and does not want to return my investments. I note that there are no encumbrances on my account, everything seems to be in order, but there is no withdrawal and that's it. What to do? Nothing... I have to accept the lost funds and take comfort in the fact that it was not the last money I had. I believe that there is no way to recover funds from anonymous fraudsters who are not clear where they are based, and the transfer was via cryptocurrency, that is an impossible task.
I'm already thinking I'm cursed or that I'm on some sort of unfortunate path. I can't understand how so many people are making money in crypto, buying expensive cars, flying all over the world, and I'm only losing money in this field!!!? Sometimes I think that all these successful traders fly on airliners at my expense :( I will note that I realized too late that KANYON TRADING SCS is a classic example of a fraudulent site that deceives users when I lost 870 euros here. The platform is unlicensed, it doesn't present real information and works with cryptocurrencies to avoid liability. If you don't want investment losses, then don't open an account on kanyontradingscs.com or similar sites!!!