KeyOneTrade (Keyonetrade.com) is a brutal CFDs, Crypto Currency and Forex scam platform to hit the lucrative trading world. Key One Trade is a broker whose intent is to fraudulently steal funds from anyone who signs up. After receiving hundreds of complaints from users, we decided to take a look at KeyOne Trade. What we found out will be revealed in this detailed and honest KEYONETRADE Review. The truth is out!
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What makes this broker a fraud is how they have managed to steal from investors without any remorse. How can such a broker exist without authorities knowing about it? Isn’t it a mystery these scammers can’t be reached? They are using bot chat to ensure users never talk to a real agent.
How about staying away from this broker and ignore their pleas to sign up. With a long history in Forex trading, we have a knack of spotting scam brokers from afar. KeyOneTrade is one broker who should be exposed for their fraudulent activities. Their website has all the right features of a real brokerage firm, however there are a few problems. Continue reading this review as we will reveal why Key One Trade is a brutal scam. Avoid it or lose your entire funds.
When it comes to who actually owns this platform, scary details emerge. Disclaimer at the footer of their homepage claims Keyone Limited is the company behind this platform. Keyone Limited is apparently based in St. Vincent and the Grenadines which means we are dealing with an offshore broker. Make sure to stay away from this broker and any other who is based offshore. Their trust is wanting!
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Why have they failed to give us names of the people who own Keyone Limited? Is there a way of getting the names of the founding members of this platform? This broker clearly hides this information for a reason. This is a classic scammer’s move where they hide their true identity. KeyOneTrade is clouded by anonymity which is a clear sign for all investors to stay clear. This is a rotten Forex scam waiting to pounce.
This should be the question to ask before joining any online investment platform. Sadly, these scammers have found a way to fake their licensing details. KeyOneTrade is claiming to be registered under licensing number IBC25905. These scammers will do or say anything to make sure users believe this is a legitimate platform. In this case, KeyOneTrade has posted fake registration details on their homepage. They didn’t count on us investigating this number.
If indeed this broker has been dully licensed, where are the copies of their registration? A true broker will post copies of their registration for all to see. Make sure to check up with Forex brokers who are based offshore. In most cases, they tend to use fake registry to try and fool investors. Another way of exposing these scammers is by reaching out to regulatory bodies. None of the well-known bodies has ever issued license to any broker with such a name.
This broker claims to use MT4 trading platform as their preferred tool of trade. In order to test how well this platform works, we decided to download it. A well-built platform must be compatible to all devices. This platform could not be compatible to desktop and mobile devices as download could not complete. Download stalled at 43% which means we are dealing with an unstable platform. Anyone who signs up with an unstable platform is in serious jeopardy.
An unstable platform has proved to be the downfall for most newbie traders. If hackers want to get credit card details, they go for unstable platforms. Hackers will take over unstable platforms and steal personal data such as your identity and bank details. Stay away from any broker whose platform is unstable and is slow to download.
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KeyOneTrade is using four different account types to entice investors into signing up. These account types include Basic, Classic, Premium, and VIP. They also offer an Islamic account to the Muslim faithful. Minimum acceptable trading requirement starts from $200, $1,000, $5,000, and $10,000. Crypto trading is only allowed for premium and VIP account holders which is a bit sketchy. Why would they seclude other members from trading with Crypto currency?
Another disturbing detail we found with these accounts is the personal manager feature. When you are about to open an account, you will receive calls from an account manager. After making your deposits, this personal account manager will cease to exist. KeyOneTrade is openly stealing from anyone who sends them money. Bummer!
Security of funds will never be guaranteed by a broker who is based offshore. Safety of funds is not guaranteed by any anonymous entity. Why have they failed to give users a statement showing how they handle funds? Where does this broker bank money deposited by members? Sadly, members are depositing funds straight to owner’s personal bank account. The owner is laughing all the way to the bank with every deposit.
Segregation of accounts is not possible as this broker is flaunting set regulations and rules. This means anyone who makes deposits is helping this broker pool funds in one account. Stay away from this broker and make sure to ignore their pleas to sign up. No compensation is forthcoming as KeyOneTrade does not insure money deposited as required by law.
With all the evidence shown above, it’s clear we are dealing with a fraudulent Forex platform. KeyOneTrade is a scam which must be stopped at all times. This is one broker who is stealing funds right under the nose of members who deposit. Only way to ensure safety is to mark all their emails as Spam. Calls from their agents should go unanswered as these are tactics to get your information.
KeyOneTrade Bottom line
For a safe trading experience, we have to add this broker to our scam blacklist. This will help our readers know what to expect with this cunning broker. Stay away or else be another victim of their horrendous platform.
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Finally, we wish you all the best in any manner of Forex trading you prefer.
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