KingstonTrading is a self-proclaimed investment management company that claims to offer its clients the opportunity to invest in stocks, bonds, ETFs, and forex. However, there is a lot of evidence to suggest that Kingston Trading is a scam broker that is defrauding investors.
Company Overview
KingstonTrading is a relatively new company, having been founded in 2023. The company is headquartered in Hong Kong, but it does not have a physical office there. KingstonTrading is not regulated by any financial authority, and there is very little information available about the company’s management team.
Does Kingston Trading Have Any License?
No, KingstonTrading does not have any license. The company claims to be regulated by the Hong Kong Securities and Futures Commission (SFC), but this is not true. The SFC has confirmed that KingstonTrading is not a licensed broker.
Is KingstonTrading Regulated By Any Authority?
No, Kingston Trading is not regulated by any financial authority. This means that there is no oversight of the company’s activities, and investors are at risk of fraud. Moreover, according to their claim, they are regulated by the Hong Kong Securities and Futures Commission (SFC), but when we searched in the SFC database, we found that the SFC marked them as an unlicensed entity.
KingstonTrading Pros and Cons
Pros:
- None.
Cons:
- Not regulated by any financial authority.
- Numerous complaints from investors about fraud and theft.
- Poor customer service.
- High spreads and commissions.
How Does Kingston Trading Reach To Their Prey?
KingstonTrading uses a variety of methods to reach potential clients, including online advertising, social media marketing, and cold calling. The company’s sales representatives are known to be very aggressive, and they often pressure clients into investing large sums of money.
Technical Details
KingstonTrading uses a proprietary trading platform that is not available to the general public. This makes it difficult to assess the quality of the platform and to verify that the company is not manipulating trades.
Minimum Deposit:
KingstonTrading requires a minimum deposit of $250 to open an account. This is relatively low compared to other brokers, but it is important to remember that there is a high risk of fraud with Kingston Trading.
Trading Platform:
KingstonTrading uses a proprietary trading platform that is not available to the general public. This makes it difficult to assess the quality of the platform and to verify that the company is not manipulating trades.
Spread:
KingstonTrading’s spreads information is not available on their website, meaning that investors will be at risk of being scammed.
Leverages:
KingstonTrading does not provide any information about its leverage.
Packages and Products They Offer
As was already said, Kingston Trading’s website doesn’t have any useful law documents or other important details about their services. We weren’t able to use most of the platform’s benefits because we couldn’t join right away. Kingston Trading stays out of the spotlight because they are not regulated or licenced. So they leave out as much important information as possible and choose their victims and new recruits by hand.
Withdrawal and Deposit Method
KingstonTrading offers a variety of deposit and withdrawal methods, including credit cards, debit cards, and bank transfers. However, many investors have reported having difficulty withdrawing their money from KingstonTrading.
What Do Their Previous Traders Say?
There are numerous complaints from investors about KingstonTrading online. Investors have accused the company of fraud, theft, and poor customer service.
Summing Up- Why Should Not You Trust KingstonTrading
There are many reasons why you should not trust KingstonTrading. The company is not regulated, has a poor reputation, and has been accused of fraud by numerous investors.
If Bad Things Happen, Where Can You Get The Quick Solution?
If you have been a victim of fraud by KingstonTrading, you may be able to recover your losses. There are a number of companies that specialize in helping investors recover their money from scam brokers. Our professionals can assess your case and will help you in recovering the lost funds.
File A Complaint Against Scam Broker's
Final Thoughts
KingstonTrading is a scam broker that should be avoided. The company is not regulated, has a poor reputation, and has been accused of fraud by numerous investors. If you are considering investing with KingstonTrading, we urge you to reconsider. There are many legitimate brokers that you can choose from instead.
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