KronosInvest (Kronosinvest.co) is an awful Crypto Currency and Forex broker who is stealing funds from anyone who signs up. Kronos Invest is claiming to offer a platform which gives users financial freedom. If this was true, wouldn’t we all be signing up with them? After receiving numerous email complaints from members, we decided to investigate. Why are members crying foul? Read this detailed and honest KRONOSINVEST review for more details.
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After getting some emails which were touching, we had to investigate. Members have lost huge sums of money, some as much as $20,000! Why would a broker allow such misfortune to fall on their members? What seems to be a money making platform is turning out to be a nightmare? Why is it? Most investors do not conduct a thorough research before signing up with a broker. Reading reviews is one way of ensuring you get value for your money. What is wrong with Kronosinvest?
Landing on their homepage, we immediately notice a few discrepancies. Website is not fully protected and is not user friendly. What these scam artists have done is create a visually compelling website. Using empty claims and promises is another well laid plan to deceive investors. What expert trading advice will you get if members are losing huge amounts? Professional scam artists know we all want to make an extra buck. What they are good at is take advantage of this need.
No one actually knows anything about this platform. According to ‘our story’ page, they claim to start the trading journey on March 2010. Scammers will do or say anything to make their platform appear legit. In this case, KronosInvest wants to make it appear they have been in the industry for long. They are trying to paint a picture of a broker with experience and a good reputation. Watch out for such unfounded claims as no expert broker or trading community knows of this platform.
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When it comes to the founding members of this platform, no names are given. Who are the people working round the clock on this website? How can investors get a hold of the people who are handling their funds? Can we get the information regarding the CEO or CFO of this company? Why has this broker failed to give users such vital information? Reason is simple; they want to remain anonymous. Anonymous online platforms are to be avoided at all cost!
Since we don’t know where this platform is based, licensing becomes a huge concern. After looking at their contact page, its clear users are dealing with an anonymous platform. Stay away from this broker since they are not licensed by any regulatory body. After checking with known regulatory bodies, no results bore any fruits. What we did was contact regulatory bodies such as CySEC, FCA, NFA, and ASIC. None of these bodies has ever licensed this platform. What does this tell you?
Another unsettling issue we found in regards to licensing is lack of proper certificates. A real broker will easily post copies of their licensing details. What we found shocking is KronosInvest fails to post any legal documents. Website does not have any tab linking users to required certificates. It means we are dealing with a rogue broker who has other plans. In most cases, cloning a website is usually done by offshore brokers and professional scam artists. Stay away!
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How can a broker offer trading services with no account types? Is it possible KronosInvest is offering users a single account? How can investors know what account types are being offered if there’s no information? Why has this broker failed to issue details regarding account types? They want to fleece funds from investors. What they are after is filling their pockets with funds deposited by investors. KronosInvest does not care about account types; they simply want your money.
Another huge problem with this broker is lack of proper communication channels. How does this broker intend to communicate with users? Furthermore, how long does it take to respond to messages? After going through their contact page, we noticed a few problems. KronosInvest is asking users to leave their contact details. What seems to be a safe way to make contact is far from it. KronosInvest is harvesting data and selling it to unknown third parties. Hackers to be precise!
Have you ever heard of a rigged demo account? KronosInvest is rigging their demo account to compel investors to sign up. A rigged demo account produces fake results which in most cases is high profit margins. Remember demo accounts use virtual money which is not real. After placing your trades, investors get over 98% successful trades. It means we are dealing with a rogue broker who will do anything to get your funds. Make sure to be on the lookout for rogue demo accounts.
After getting over 98% successful trades, newbie investors will want to open a real account. Ask any professional trader; making such high profit margins is near impossible. Even automated trading robots can’t reach this profit levels. Why? Market prices always change abruptly due to unforeseen circumstances. Boardroom wars, climate, and politics are some of the unknown factors. Stay clear of such brokers offering insane profit margins.
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How can funds be safe from a broker whose identity still remains a mystery? Did you know investors are funding an unknown third party? For all we know, this could be a money laundering site. Where does this broker bank money deposited by investors? Why have they failed to disclose details regarding ownership? Is it possible investors are depositing funds straight to owner’s personal bank account? It’s highly possible.
After checking all the details, its clear KronosInvest is a certified scam. Stay away from them by ignoring all their pleas to sign up. Mark all their emails as Spam and warn your family and friends from joining these platforms.
Adding this broker to our scam blacklist will play a vital role in protecting our readers. What authorities should do is shut down this platform. Make the informed decision and stay away from this platform.
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Wishing our readers a safe trading experience.
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