Beware! Wild K-Tech is an offshore broker! Your investment may be at risk.

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Wild K-Tech presents itself as a forex broker that holds licenses to operate in almost the entire world. But even a basic fact check reveals that this is a lie. This website is not an authorized financial services provider and is undoubtedly out to scam you out of your money. In this review, we’ll look at the evidence for this in detail and recommend more credible alternatives for investing in the financial markets.

Wild K-Tech Regulation and safety of funds

Guaranteed FundsSegregated AccountsNegative balance protection
Wild K-Tech
UK regulated brokers£85 000YesYes
EU regulated brokers€20 000YesYes
AU regulated brokersNoYesYes
US regulted brokersYesYesNo

The most important information about a financial services provider is its regulatory status. Licensed brokers provide detailed information about which company runs them, where it is based, which jurisdictions it is authorised in and which regulatory bodies oversee its activities

The availability of such information does not guarantee that it is not false or misleading. But the absence of these elements is very indicative that in all likelihood you are dealing with scammers.

The homepage of the website lists an incomplete contact address in Cyprus, but at the same time claims that the broker is licensed by regulators in the UK, Belize and Mauritius.

In the ‘Licences’ section of the website we see claims that Wild K-Tech is also licensed in Australia, Dubai, South Africa and the United States.

However, the text of the Terms and Conditions lists Vanuatu as an applicable jurisdiction – an offshore zone.

The obvious problem with these claims is that nowhere is a company name given. There is no licensed broker using the Wild K-Tech trade name and domain in the databases of all the regulators listed.

The website is available primarily in Russian. We therefore checked with the Bank of Russia, where we found a warning to investors that Wild K-Tech is not a legitimate broker.

Before investing your money in financial instruments, it is imperative to make sure you do so through a licensed intermediary and not one of the many scammers lurking online. You should only trust legitimate brokers operating in one of the established financial centres like the UK, EU, USA or Australia. There, the activities of brokers are controlled by powerful regulatory bodies such as UK’s Financial Conduct Authority (FCA), Cyprus Securities and Exchange Commission (CySEC), Commodity Futures Trading Commission (CFTC) in US or Australian Securities and Exchanges Commission (ASIC). Clients of these brokers receive protections such as negative balance protection and segregation of the client’s funds from the broker’s funds.

Wild K-Tech Trading software

Analytical toolsAuto tradingCustom indicatorsMobile apps
Wild K-Tech platform
MT430+ indicatorsAndroid and iOS
MT550+ indicatorsAndroid and iOS
cTrader40+ indicatorsAndroid and iOS

Wild K-Tech uses a basic web-based trading platform as we have seen with many fake brokers. The presence of a trading platform does not make this website any more legitimate and does not guarantee that this alleged broker offers real trading. Many scammers use rigged trading software to fool their victims that their money is being invested.

Legitimate brokers offer clients a wide selection of trading software, including desktop, mobile apps and web-based platforms. The most widely used platforms in the industry are MetaTrader 4 (MT4) and MetaTrader 5 (MT5).

Wild K-Tech Trading instruments

CurrencyStocksIndicesCryptoCommodities
Wild K-Tech
XMYesYesYesNoYes
FBSYesYesYesYesYes
FXTMYesYesYesYesYes

In theory, Wild K-Tech offers trading in a large number of instruments across all major asset classes. But as pointed out, this trading is undoubtedly fictitious. There is no good reason to put your money on the line with such a fishy website when you can easily become a client of a truly licensed and established forex broker.

Wild K-Tech Spreads and cost of trading

Wild K-TechXMFBSFXTM
Spread EURUSD0.10.611.1
Spread GBPUSD0.11.31.21.4
Spread USDJPY0.11.31.21.4

In the trading platform we see a very low spread of 0.1 pips. Such a “raw” spread means that the broker has to charge some kind of commission. Such commissions are usually per lot traded. But Wild K-Tech does not provide clear information on the price paid by the client.

Wild K-Tech Maximum leverage

ForexStocksCryptoGoldIndices
Wild K-Tech100:1100:110:1100:1100:1
UK regulated brokers30:15:110:110:1
EU regulated brokers30:15:12:110:110:1
AU regulated brokers30:15:12:110:110:1
US regulated brokers50:1

Wild K-Tech  offers leverage of 1:100 for forex and 1:10 for cryptocurrencies. Such levels are prohibited in most jurisdictions in which Wild K-Tech claims to be licensed. High leverage creates the opportunity for more significant profit, but correspondingly increases the risk of sudden and excessive losses. All leading regulators therefore restrict leverage for retail traders.

Regulated brokers offer higher leverage only to professional clients who must meet very high standards for capital and experience and forgo the guarantees enjoyed by retail traders.

If you don’t qualify as a professional trader but are willing to take the risk of high-leverage trading, the most viable option is to use the services of an offshore affiliate of an established brand.

Wild K-Tech Deposit and withdrawal methods

Deposit timeWithdrawal timePrice
Bank wire2-5 business days2-5 business days$25+
Crypto24 hours24 hoursFee depends on crypto

Wild K-Tech allows the deposit of funds via cryptocurrencies and bank transfer. Both payment methods do not allow for a refund or chargeback to be requested.

Legitimate brokers typically offer clients a wide choice of transparent payment methods, including credit/debit cards and established e-wallets such as PayPal, Skrill or Neteller.

Wild K-Tech Minimum deposit

Wild K-TechXMFBSFXTM
Minimum deposit$150$5$10$5

The Wild K-Tech  starter trading account requires a minimum deposit of 150 USD. For a lower amount you could become a client of any of the leading global brands.

Wild K-Tech Withdrawal requirements

Trading volumeFee/Tax on withdrawalMinimum withdrawal
Wild K-TechNot specifiedNot specifiedNot specified
UK regulated brokersNoNoNo
EU regulated brokersNoNoNo
AU regulated brokersNoNoNo
US regulated brokersNoNoNo

Wild K-Tech does not specify extraordinary conditions for withdrawal. But these types of scams always surprise you with hidden fees and other tricks that prevent you from withdrawing your money back.

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