KardonCapital Review – 5 things you should know about kardoncapital.com

KardonCapital Review – 5 things you should know about kardoncapital.com

Rating: 1

Beware! KardonCapital is an offshore broker! Your investment may be at risk.

RECOMMENDED FOREX BROKERS

Forex.com

Don’t put all your eggs in one basket. Open trading accounts with at least two brokers.

 

KardonCapital does things like many scammer brokers. It gives off a cool vibe, which acts to conceal the schemes plotting around every corner. This is basically applied to thousands of similar brokers, which makes KardonCapital a simple flock member. There is nothing to this broker that we have not seen before.

We were faced with the most familiar registration process in existence, telling us that we would be reviewing a common shady broker. The same applies for the user area, and to the web trader. All familiar elements shared among many scammer brokers.

The platform gives away forex currency pairs, stocks, commodities, indices, and cryptocurrencies. The EUR/USD spread is 0.7 pips, while the leverage cap is 1:300.

The website is available in English.

KARDONCAPITAL REGULATION AND SAFETY OF FUNDS

In the terms and conditions, we learn that the provisions are ruled over by the laws of the Marshall Islands. This country is a scammer broker paradise. For one, there is no regulator there, so any claims tying the firm with the islands are pointless. And second, the laws of the country allow for just about anyone to open a firm there without stepping foot in the nation.

In a typical offshore brokerage style, the legal docs tiptoe around the word law a lot, translating to a whole lot of talk but no walk whatsoever. The ambiguity of it all is a very popular device created to confuse users.

The contact address of the broker is the Netherlands, out of all places. There, the Authority for the Financial Markets is the ruling regulatory authority, yet we know for a fact that KardonCapital is not licensed by it. If KardonCapital is registered in the Netherlands, it is therefore operating from there without an official permit!

It goes without saying that KardonCapital is a risk to all and a scam, but also unlicensed.

If one were to find a reason for investing in unlicensed brokers it would create a seismic shift in the market industry. But until then, your money will be wasted with unlicensed entities. Their only purpose is to steal money and use it for their own benefits. Not unlike regulated brokers, whose goal is to provide a stable, safe, and fair trading environment. We say go for any UKEUUS, or Aussie-regulated brokers, although there are many other great licensors out there. Financial watchdogs are responsible for sustaining the market industry as a whole, and they are what keeps everything in place. Without them scammers would be rampant. Put your trust in them, for we have!

KARDONCAPITAL TRADING SOFTWARE

Look familiar? Well, even if it doesn’t, it still looks familiar to us, very much so indeed. This is actually one of the most popular web traders around, used by hundreds of brokers that we have reviewed, and who knows how many have slipped by us.

What we mean here is essential that the platform, while it offers some base features, is still inadequate and does not constitute a pro terminal. Its main strength is its looks, which act as a luring device for more novice users.

KARDONCAPITAL DEPOSIT/WITHDRAW METHODS AND FEES

For some unknown reason, there was no way to invest through the user area. In other words, there was no depositing area, leading us to believe that KardonCapital is probably holding on for dear life. Or it may reveal the payment area only to a chosen few users who have made a deal with the broker to invest, as a result of a long soliciting operation on the part of KardonCapital.

Whatever it is, we have to take all the payment details from the website, as well as the withdrawal ones, since there were no withdrawal options as well.  Be aware that the broker is unregulated, and therefore what we reveal here is probably not truthful.

According to the website, the minimum deposit requirement is $10 000. This is without a doubt extremely high and unrealistic, and most probably very misleading, which if so, hints at the inadequacy of the broker.

As for the payment methods, the site claims clients can invest by means of credit cards, debit cards, and wire transfers.

There are no withdrawal details anywhere on the site, leading us to think that users cannot withdrawal at all. This should pose no issue, however, seeing that clients shouldn’t be investing here in the first place.

KardonCapital is a risk to all investments, and not worth your time and money.

HOW DOES THE SCAM WORK

The way the scam works is the same way it has been since the begining. Very few changes have been made since its inception.

First, the user is attracted to one of many online ads that promise wealth and prizes, or he can be triggered via an email received from the broker.

If these sound too good to be true, then the user, out of curiosity, will scout the website of the broker and either be fooled by the offers there or will immediately understand the fraudulent nature of things.

The broker will require some sort of contact method from the user, so that the scammers can keep a tab on the user. The client will then be pushed into investing as many times as possible, but the general rule is that once an initial deposit is made the user will be more willing to invest more.

At some point – it’s inevitable – the user will feel like he wants to see some of that promised money, and will ask for a withdrawal. At this point, the broker has lied his way through a couple of investments. Once the withdrawal request hits, the broker will do everything in its way to stall it or cancel it. One way or another, the user will have a very hard time receiving his money back.

WHAT TO DO WHEN SCAMMED

VISA and MasterCard have extended their chargeback periods to 540 days, meaning that user has more than enough time to file for one. This is the safest bet for your money back.

If the money invested was made through a bank, then we urge victimized users to change their bank account pass and user name ASAP. And then they should contact the bank support team and explain their situation.

Crypto investments are the riskiest of all because they are untraceable. Only the broker can repay you if it wishes to do so.

Do not put your money with recovery agents no matter how tempting it may sound. It’s the temptation that got you in this mess in the first place! Recovery agents will promise to reimburse users for an exchange fee that will be also stolen!

Top Forex Brokers

BrokerCountryRatingMin. DepositWebsite
US4.99/5$50 Click for a special offerWebsite
UK, Cyprus, Belize4.94/5$5 Click for a special offerWebsite
Australia, Cyprus4.93/5$100 Click for a special offerWebsite
UK, Australia4.85/5$50 Click for a special offerWebsite
Cyprus, SVG4.8/5$100 Click for a special offerWebsite
New Zealand4.65/5$1 Click for a special offerWebsite

Leave a Reply

Your email address will not be published. Required fields are marked *