Kodin Markets claim that it is the leading Forex trading services provider in the market. Unfortunately, this is just another marketing strategy that the scam is using. The entity is not legit, and we do not recommend them to the public. The signs are visible to any traders that their deal is too good to be true.
The company is accepting funds from as low as $100. The platform offers both retail and services to Forex traders in the whole world, and they have very enticing deals for their clients. The company stated that they are offering a wide range of products for their client.
They have an average of 150 trading assets at the disposal of their customers. Furthermore, the entity brags that they are operating following the law. Their leverage goes as high as 1:500. The company allegedly has an MT5 interface and four investment plans for its customers.
A novice trader might mistake the entity for a legit entity with the lies that they present. However, you should not trust the venture with a penny. They will do and say anything to make you deposit funds in their system. The investor will not make any money or get the deposit that they make.
Ponzi schemes will restrict you from cashing out your funds. They will come up with all sorts of excuses until you give upcoming after money. They will even promise that you will make huge earning, but this is just a fantasy. Learn to smell a rat, and you won’t become their next victim.
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To become a member of this company, you will have to follow very simple steps. The company is shady, and signing up with them will not bear any fruits. The platform will make you regret having trusted them with your funds.
Nonetheless, before becoming their newest investors, you have to agree to their policy. We do not know what it contains in this document because the link is broken. How do they expect us to blindly sign up to agreements that we don’t know what they consist of?
In case you try unchecking the box, they will not accept your membership. It is a red flag, and the company should not be trusted. The company is shameless, a Ponzi scheme that wants to reap where they did not sore.
The company entices investors with promises of trading using low cost compared to other brokers—additionally, the firm brag of having a tight spread in the industry. They additionally don’t have any restrictions when it comes to trading. Stick to legit Forex trading companies in the market .
Their operations are allegedly also fast. The firm also has a demo account that they can use. They don’t offer fund safety, and their FAQ page is blank. They have multiple loopholes, and their mode of operation is suspicious.
Withdrawal and Deposit
The company requires a minimal amount of $100. They haven’t forgotten the Muslim brothers and sisters; hence the company has an Islamic account. However, even they will lose funds from this venture.
The entity accepts funds via bank wire transfer and card payment. The company cannot draw a line, and, sadly, they are presenting contradicting info. In other section, Kodin Markets state the minimum acceptable investment is that of $1.
The maximum amount is that of $5000. However, the withdrawal request is allegedly being processed within 2 hours or less. Considering that you will be dealing with an unlicensed venture, there must be additional fees. Scam venture will, however, delay your money will all sort of excused.
The entity is allegedly using the MT5 platform in Tehri trading activities. As we all know, this is the most favorable bad loved interface by most traders. It is fast, and you can customize your own indicator.
Despite Kodin Markets being a scam, at least they have the MetaTrader platform. We all know the good stuff that comes with this entity. Nonetheless, we stick our grounds that you should not engage with the forex entity.
Leverage and Spread
Kodin Markets is offering leverage of 1:500 to its clients. However, we could not verify whether this is what you will get. The spread that the company has is that of 0.8 pips. However, the spread varies depending on the account that you select. The commission of the platform is that of $3 per trading lot.
Even if you are experienced traders, we would not advise you to join this venture. The reason being they are not trustworthy. Their leverage is higher than what regulatory bodies permit. However, you will not enjoy the advantages.
Kodin Markets claim that they are licensed in St Vincent and Grenadines. Nonetheless, we have constantly emphasized that this government does not license Forex trading activities. Hence, the entity is lying about its legitimacy.
The company Furthermore claim to be licensed in the UK. We checked with the FCA, and the scam is not in their list of regulated entities. All investors should avoid the entity to warn your loved ones.
It is a good sign that the entity is not legit, and they will leave you high and dry. The platform is desperately using all means to win the trust of investors. You should stay away from them for the sake of your safety.
Normalize dealing with licensed entities in the market. You will never go wrong or lose funds; therefore, be a smart investor. The unregulated venture has fewer benefits that come along; unfortunately, it is not worth the struggle. You will make losses that you won’t recover.
Investors’ money is not safe at Kodin Markets, and this is because the platform does not safeguard money in reputable financial institutions. Therefore, the chances of depositing funds in the scammer’s wallet or account are high. Additionally, the firm will not compensate you once they exit the market.
The company claims to be located in SVG but is this their real location? We cannot tell or verify if the statement is correct. Their office address is allegedly at; Suite 305, Griffith Corporate Center, Kingstown, St Vincent, and the Grenadines.
You can contact them via email; [email protected] or on telephone +971564418353. The office is open every day, even on weekends. They also have a Facebook page and Twitter account. However, we cannot verify if this data is legit.
The company is a Ponzi scheme that does not have our trust. We encourage investors to refrain from doing business with the venture. They don’t have feedback from their customers; hence it is hard knowing if they are professional.
Kodin Markets is a scam that is allegedly based in an undisclosed area but claims to be from St Vincent and Grenadines. Additionally, it states that they are licensed, but the country issued a warning that they do not regulate the forex investment venture.
The company is not reliable, and they will mislead you into believing you can trust them. Stick to legit Forex trading companies in the market that have the best trading experience. Additionally, you will not be a victim of fraudsters.
Kodinmarkets.com is a company that lacks a reputation or a trading history. The entity does not have any proof that they are conducting investment services on its website. We would love to see their performance or team and founders for transparency purposes.
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