The brokerage firm claims to be “licensed and regulated globally” and to have an office in the UK. It also allegedly has “technology that guarantees clients profits from day one.” Finally, the “award-winning platform” has been operating since 2016 in 89 countries, but this is not documented.

How safe and reliable is this company? In our KFXFinanceMarket review, we will analyze the pros and cons of the platform and find out whether the broker operates in the legal field or not.

How to Trade

The broker’s product range includes more than 40,000 trading assets. You can trade on more than 3,000 markets, including cryptocurrency and indices. The firm offers clients:

  • 4 account types with a minimum deposit of £500.
  • Covesting – automatic copying of other traders.
  • Regular contests and promotions.

The minimum BTC deposit is listed in the FAQ section as £50. You can deposit via bank transfer and credit/debit card.

In the registration form there is a link to the Terms and Conditions and Privacy Policy, which contain some strange information about the broker, such as the address of the head office in Nigeria or the phone number +234 9xxxxxxxx.

Trading academy, live chat, Terms of Use, and social media links are on the website. However, all these options are not functional.

KFXFinanceMarket Vital Info

The official website features three members of the broker’s team, who can be contacted via links on Telegram and other social networks. In addition, there is a roadmap with events in 2019 and planned for 2020. Finally, the company claims to have been operating since 2016 and the 2016-2023 dates are listed in the site’s footer. However, the domain was not created until April 2023.

Regarding regulation, the site owners state that their resource is an “educational company” providing information about the forex markets. Accordingly, they are “NOT required to be regulated by the Financial Conduct Authority” and do not hold a UK FCA brokerage license. We checked the register of legal entities, in which KFXFinanceMarket is not listed. This means that the firm is most likely operating illegally.

FAQ

What are the key facts about KFXFinanceMarket?

The information on the website is contradictory, on the one hand it is a brokerage firm, on the other hand it is an educational company. The project's 2016 launch date is not documented, and the fresh domain does not correspond to the brand's stated lifespan. The headquarters is listed in the UK on the homepage of the website, but another version says the head office is in Nigeria. The company is not listed on the FCA registers or the legal entity registration lists.

What's the risk to my wallet when working with this broker?

If you want to work with a UK brokerage company that is not licensed by the FCA and is not listed on corporate registers, you are putting your money at great risk. Moreover, we registered on the website and after examining the personal account we got the feeling that this is a HYIP at all.

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