KayaFX is a scam broker. There is no question about it. If they don’t have any form of licensing, it means that investors will be risking their funds. From this point moving forward, we advice that traders should use these brokerage companies instead.
Actually, we don’t recommend anyone to use KayaFX and have added them to the Blacklist because of the numerous complaint we received here. Find out why to be especially wary of dealing with this unauthorized individual and how to protect yourself from scammers. But, after knowing the fact that the KayaFX is a scam, if you don’t want to find out more details on it, but instead want to find out the best auto trading software, then you can click this link:- http://scamea.com/trusted-brokers.
Owned and operated by GammaTech Services OÜ, the head offices are located at 14247106, Roosikrantsi 2-K 284, Tallinn, Harju Maakond, 10119 Estonia. To get in touch with support, traders can either email [email protected] or phone +442037699927. There are other phone numbers as well, for different countries, and traders can access all of these via the contact page on their website.
KayaFX has found a way of implementing attractive features to make clients interested in what they are offering. As for the service itself, they are currently offering 3 trading platforms. Traders wishing to trade Forex and cryptocurrency can access the broker, and place trades via their web trader, their mobile trader application, or MetaTrader 4. Even though most investors do trading on the computer, it’s good to have multiple options.
If KayaFX offers you an account manager, do not accept. Good analysts and traders work for themselves and not for brokers.
The deposit is $300 for the mini account. Other accounts requires that you should deposit more.
Our best advise for you
The brokerage is based out of Estonia, although their phone numbers are leading us to Great Britain which means that they are targeting people from the UK and possibly all over the world.
Now, the sad news here is that the FCA warned that KayaFX does not have the authority to provide any form of investment service in the UK or anywhere else where such kind of activities are regulated. UK citizens should use Fortrade.
In fact, for any form of trading that you will conduct online, you should only choose regulated brokers. Those who are not regulated, like KayaFX, are often scam brokerages.
This is a scam brokerage. That is so obvious, you can’t mistake them for something else. They are going to rob you online. Maybe you can recover your money. But that’s going to cost you too. Avoid.