Kaifin Review – Watch Out For This Scam Broker!

Is Kaifin a Scam Broker?

Kaifin will tell you right away that investing in shares, stocks or forex is not a good idea. Unregulated and unreliable broker, you should avoid investing with them. It is a fact that some links on this website don’t work at all, making it difficult to open an account. Kaifin does not provide any information regarding its trading conditions and payment methods, so it is difficult to see why traders would choose Kaifin.

There are many warning signs that this broker is a fraud. It’s difficult to open an account, or even find useful information, because a lot of links on the website are broken. This is especially true when it comes to financial service provider’s websites.

Kaifin also claims that its registered address is in St. Vincent and Grenadines. The homepage contains more information about the subject. The broker claims Kaifin LLC has been authorized to provide forex brokerage trading services, but it also says that the firm “hasn’t received a license from any local supervisory authority.” Sounds pretty confusing, huh? This is the entire point.

St. Vincent and the Grenadines, an offshore jurisdiction that does not license or authorize forex brokerage activities, is the truth. The local Financial Services Authority (FSA), however, states that you cannot expect a forex broker located in St. Vincent and the Grenadines to be licensed or supervised. This warns about the possible risks associated with dealing with illegitimate companies.

Kaifin Trading Assets

Kaifin claims that it offers many trading instruments, including forex, energy, gold, and precious metallics. This is all we know about the topic. Unfortunately, it’s not confirmed.

However, there are many licensed brokers that offer a range of assets so you don’t have to deal with Kaifin, or any other illegitimate company.

Kaifin Maximum Leverage

This broker claims that the maximum leverage is 1:1000. This amount is tempting but it can lead to huge losses. Many financial authorities have set limits on leverage, such as 1:30 in the EU and UK or 1:50 in the USA. This is primarily to protect your investment against sudden losses. But what if you want to trade with higher leverage and still give it a shot? You can turn to reputable forex brokers’ offshore subsidiaries for help.

Choose only trustworthy and reliable brokers. You can read about the best ones in our article Best online brokers in 2023.

Kaifin Deposit, Withdrawal and Accounts

Kaifin does not mention any payment methods, which is yet another worrying sign. We did find some useful information after looking into the Terms and Conditions. This broker accepts credit/debit card, wire transfers and e-wallet payments systems. However, the execution time and fees are not stated. We advise you to be aware that fees may not be in your best interest.

Every day new scam brokers and trading bots appear on the web with only one goal – to steal your money. We have already exposed some of them, for example – Trade Genics, VirtuFinance, Foxane.

Kaifin only requires a minimum deposit of 10 USD to open both accounts. Although this may seem appealing, it is important to remember that Kaifin is not regulated and cannot be trusted so you should not invest here. You could lose your hard-earned money.

Reputable brokers will often offer micro accounts starting at 10 USD or 5 USD. You can rest assured that your money is safe.

Kaifin: Video

You can also write a comment under the video on our YouTube channel to tell other traders about your experience. But if you’ve already been a victim, contact us for a free consultation by filling out the form at the top of the page.
Below you will find a short video about Kaifin. Watch it so you don’t miss anything important. In a few minutes you’ll learn the whole truth about Kaifin!