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KajeFX (Kajeforex.com) is another Crypto Currency and Forex broker scam to hit the lucrative trading world. Kaje FX is purporting to offer ultra-tight spreads with low commissions. Kaje Forex is also offering a 20% welcome bonus campaign to anyone willing to open an account with them. Sadly, complaints have been raging in regards to unfair treatment by this broker. Read this genuine and honest KAJEFX Review to find out more.
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Most members who contacted us have one major issue with this broker, funds being held for no reason. As it turns out, KajeFX is openly refusing to release funds owned by investors. It would seem Kaje FX is another rotten online trading platform targeting unsuspecting investors. To protect the good trading name as well as investors, we have to expose their deed. Why do investors fall for such illicit brokers? In most cases, they fall for the over the moon claims and promises.
Professional scam artists know how to take advantage of investors by creating a money making solution. They claim to have a way in creating high and quick returns and all investors have to do is deposit funds. After depositing funds, investors are left on their own ruing why they signed up. These are scam artists who will do or say anything to ensure they get your funds. Read this detailed review and find out some of the mistakes these scammers made. Exposing them will be easy and fast.
Disclaimer at the footer of the homepage claims KajeFX is owned by Kaje Fin Services Ltd. What we found out is the company is claiming to be located in Marshall Islands. These scam artists will take your money and never be located. It makes trading with offshore brokers even more dangerous and risky.
Anonymity is another huge issue we found out with Kaje FX. Who are the founding members of this brokerage site? Why can’t we get the names of the people running this website? These are clearly scam artists who have been training for this. Any anonymous online trading platform should be exposed by all parties. Why waste your time with a broker who does not follow set regulations and rules? Recovering funds from an offshore broker becomes next to impossible.
We could not find any advantage with this broker. Looking at most online comments, you can see why members are vexed with this broker. To add salt to injury, these scam artists are continuing with their illicit platforms. By using insane claims and promises, most unsuspecting investors easily fall prey. They have also devised some appealing marketing tactics such as videos to entice users.
KajeFX is offering users with four different account types to choose from. These account types are named Standard, Active Traders, EA Robot, and ECN. Did they make a mistake of misspelling the first account type? It is clear we are dealing with a platform whose sole intent is to steal from users. They don’t care how they appear to investors; they just want you to deposit. These account types all have the same features which is a mystery. Why deposit more funds for any account type?
Another humiliating fact we must expose with Kaje Forex is having a rigged demo account. A demo account is used to give investors a feel of what to expect. These scam artists have rigged their demo account to produce over the moon results. A demo account uses virtual money allowing scammers to manipulate the results. Even newbie investors are making over 97% successful trades. They rig the demo account to entice investors to sign up with a real account hoping to mirror these results.
KajeFX is furnishing users with an MT4 trading platform. To find out how well their platform works, we decided to download it. And this is where we found a huge anomaly. Their MT4 trading platform lacks basic security features such as SSL Encryption. These scam artists have exposed users to third party attacks. Hackers can easily gain access to the platform and steal personal data such as credit card information. Stay away from any brokers whose platform is unstable.
Sending emails to these scam artists is another problem. They don’t reply to any emails which call for withdrawal action. If you send an email with how to make deposit, they will answer within minutes. Lack of a proper communication network is another problem with KajeFX. These scam artists have made sure communication is one way and they have power over it. Why do they fail to have a live chat support team? A bot would help answer some basic questions. We are dealing with a certified scam.
How can funds be safe with a broker who is anonymous and based offshore? Can members recover funds when the broker cuts all communication channels? Why have they failed to disclose how they handle funds? Which institution do they use to bank funds deposited by users? Is it possible users are depositing funds straight to owner’s bank account?
Another unsettling issue with this broker is in relation to segregation of accounts. Pooling of funds in one account is strictly forbidden which KajeFX is doing. They are merging funds in one account which can prove risky to members. Insolvency can occur at any time and members should not expect any compensation. KajeFX is not insuring funds deposited by members as dictated by trading laws. These are scam artists whose intention is clear, fill their pockets and run away.
Evidence clearly point to a huge problem with this unregistered broker. Members are complaining over lack of withdrawal issues as well as an unsecured platform. These are some of the main reasons why we have to conclude KajeFX is a scam. Make sure to warn your family and friends from joining this brokerage firm. These are scam artists who have no authority to conduct any online trading transactions. Opening an account with them is committing financial suicide.
To protect our readers, we will be adding this brokerage site to our scam blacklist. Stay away from this brokerage site and sign up with industry recommended products and service providers.
Wishing you a successful trading experience.
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