Kingdom Investments Review 2023 – Trustable Broker or Another Scam?

As of May 2023, the broker has ceased operations. But you can read the article to avoid falling for similar scammers.

Kingdom Investments is a Scam Broker without Regulation?

The Kingdom Investments broker currently presents itself as part A.K.P.U Group LLC. It is registered in Saint Vincent & the Grenadines. The firm was indeed added to the FSA register on December 19, 2022. The Financial Services Authority of SVG does not license, supervise, or supervise Forex, CFDs, and binary options traders. Instead, they provide registration services that direct firms to apply for licenses in the country of their choice.

We didn’t find warnings about Kingdom Investments trading scams in databases of Tier 1 authorities such as CONSOB, BaFin and FCA. The firm had previously claimed to be InvestKingdom and that it was part of FCA-regulated Kingdom Investments Management Limited. You can see that they did not abandon this idea, even after the new branding.

The firm also doesn’t provide transparent information about spread, leverage, or other trading terms. Each broker must provide all relevant information to investors before they are allowed to onboard them, according to both ESMA directives and MiFID directives.

Kingdom Investments: Warnings

The Central Bank of Russia issued a warning in December 2022 against Kingdom Investments also known as KI or Bright Space Ltd. It states that the company illegally invites Russian citizens to trade and provides unauthorized services.

Two warnings were issued in February 2023 on the same day. One was against InvestKingdom, the other against Kingdom Investments. The United Kingdom issued the first warning, which stated that the brand was a replica of a legitimate company.

BaFin, a German regulator, issued the second ban. BaFin linked the two brands citing an FCA warning about InvestKingdom warning investors that the two brands were part in the same conspiracy. Official investigations have been launched by the German authorities and the criminal police into the company.

This shows that Kingdom Investments broker can’t be trusted.

What is the nationality of the Kingdom Investments Victims?

The domain kingdom-investments.io was registered in the GoDaddy WHOIS database in October 2022. Since then, most complaints have been from:

• US.
• Canada.
• Israel.
• UK.
• Saudi Arabia.

SimilarWeb data shows that this site saw over 12,000 visits in January 2023. Most of them came from Russia, France and Bulgaria. This is consistent with our findings as well as the CBR warning.

Refuse to accept an offer from this financial scammer. If you are already involved in Kingdom Investments, do not hesitate to file a detailed Kingdom Investments complaints.

How does this scam broker contact victims?

Reviews of Kingdom Investments showed that the company mainly advertises through a fraudulent campaign called Bitcoin Prime. Investors can “earn” thousands of dollars with an investment of $250. All of this is possible thanks to an unbeatable trading bot, which is actually a lie.

These ads and the media that run them are often penalized by regulators like Instagram and Facebook. These ads are used to lure investors into the scam by asking them for their contact information. This information is then given to the Kingdom Investments scammer, who steals the money.

After receiving the client’s contact information, the company proceeds to call and send emails, as well as WhatsApp and Telegram messages. Each offer will be better than the last and more profitable for investors.

These people may contact you through chats or social media messages or even LinkedIn. A solid social profile can help you believe in their legitimacy and add credibility to your story. Avoid scammers and don’t fall for them.

What trading platforms are available?

WebTrader is the only trading platform for Kingdom Investments. It can provide information about markets, active orders and trading history. Access market news and the economic calendar are available. There aren’t any special tools or features.

Third-party software is used by most legitimate brokers, such as MT4,MT5, and cTrader. MetaQuotes offers the first two and has over 16 million users. These two powerful tools offer enhanced copy and social trading capabilities, as well amazing analytical and fundamental tools.

Unfortunately, the broker does not offer mobile apps or third-party apps. Investors who log in from their mobile devices will need to use browser-based software.

Trading instruments of Kingdom Investments

You can trade on multiple markets with this investment brokerage. Each trade you make can be easily manipulated and you don’t have the authority to help you if it goes wrong. Here are some tradable assets that you can invest in, even though all of this is possible.

• Currency pairs: EUR/USD. AUD/NOK. CAD/SEK.
• Indices – DJIA, S&P500, AU200
• Shares 3M, BMW and Intel
• Commodities – gold, natural gas, silver
• Cryptocurrencies – BTC, ETH, LTC.

Fees and Spreads

Spreads of this broker are solid at 0.4 pip per EUR/USD pair. Low fees can be used to trap retail traders like yourself. You’ll be more inclined to overlook the fact that this broker does not have regulation, if you see favorable terms for trading.

Is a demo account for trading available?

A Kingdom Investments demo account cannot be opened by any investor. Although you can familiarize yourself with the trading software and register an account, you are not allowed to make trades. Kingdom Investments requires a minimum deposit of $250 to register an account.

This is another major difference between legitimate brokers and scammers. Legitimate firms have nothing to hide and they are open about their trading conditions. They will allow you to test the system without risk. Scammers, however, are more cautious and don’t disclose any important information. They won’t let you test the account until you make a deposit.

What methods does the broker offer to withdraw funds?

Payments can be made using 3 different methods.

• Wire transfer.
• Credit/debit card.
• Cryptocurrencies.

We’ve been criticized for withdrawal issues. Broker account managers are not allowed to approve client requests for payouts due to missing KYC documents and unpaid taxes and fees, bonus turnovers and many other reasons.

While you must adhere to AML policies, no one has the right not to keep your money. You should immediately seek legal assistance if you feel that your Kingdom Investments withdrawal request has been delayed or denied without a valid reason.

What is a chargeback?

Chargebacks are a way for your bank to reclaim funds from the merchant. We recommend that you contact us immediately to initiate the process. In a free consultation, we will discuss how to get your money back immediately!

Kingdom Investments: Video

Below you will find a short video about Kingdom Investments. Watch it so you don’t miss anything important. In a few minutes you’ll learn the whole truth about Kingdom Investments!