Kite Fx Review: FCA Sounds the Alarm for a New Threat
Kite Fx Review: FCA Sounds the Alarm for a New Threat

A highly skilled team of experts supposedly running this illicit business promises to turn any retail trader into a professional. In addition, their shabby web presentation will make you believe their platform is the only thing you need to succeed as an investor. 

If you want to truly seize lucrative Forex trading opportunities, you should choose a better service provider and read our Kite Fx review for more details on fund recovery.

Regulated by: Unregulated broker
Is This Company Safe? Being blacklisted and unlicensed makes this company unsafe for any investment projects!
Known Websites: kitefx.org
Have Warnings from: FCA
Registered in: UK (alleged)
Operating since: 2024
Trading Platforms: N/A
Maximum Leverage: N/A
Minimum Deposit: N/A
Deposit Bonus: N/A
Trading Assets: N/A
Free Demo Account: N/A
How to  Withdraw from This Company? Since this company is unlikely to return your money, you can contact your bank, or financial regulator, or simply reach out to us for professional assistance in recovering your funds.

Anonymous Company Detected

In case you’re wondering who stands behind the questionable Kite Fx broker, you ought to check their registration details first. While the firm claims to be based in London, operating as a “UK Fund Manager Company”, no official information can prove that. 

After checking the public business register of legally incorporated UK entities, we found no firm with this name at their alleged address. There are a few other firms registered in that location, but none has anything to do with the Forex dealer we’re reviewing.

Additionally, the phone number posted as contact information matches the one on another brokerage site – fxmagician.com. And this company claims to operate out of the UAE!

Proof of Illegitimacy

If a firm operates in the UK, it would be required to obtain a permit from the jurisdictional regulatory body. The business, however, only shows in the FCA database as an unregulated brokerage brand. 

The warning published by this prominent financial authority states that the website is completely illegal and steals their customers’ funds. Without segregated bank accounts, security procedures and controlled trading conditions, protected investing is not possible on this platform!

Another broker we’ve been warned about by the FCA is IronWave Capital, so make sure you read our take on this company as well.

Who the Scammer Preys Upon

We can’t expect the company which was established just recently to be famous for their quality of service. The only thing these fraudsters are going to be known for is the warnings and the number of victims they have defrauded. For now, it appears that the majority of their targets belong to these nations:

  • Australia
  • France
  • Belgium
  • United Kingdom

Newly registered online trading domains should never be trusted. This scheme has only been running since October 2024. Recent registration also explains the lack of any Kite Fx reviews.

If you have faced loss and would like to recover your investments from illicit brokers, please contact us as soon as possible. 

Trading Experience With Kite Fx app

The self-proclaimed giant of the Forex trading world allegedly offers state-of-the-art trading software that maximizes your trading efficiency. However, there is no way to access it without completing the registration process first.

Signing up, however, is not possible unless you provide a so-called “Sponsor ID,” which means that you need a referral. What this implies is that the broker likes to hand-pick their victims and limit who can preview their platform.

Further information about the trading software isn’t available, except for the promotional material on the site, which has nothing but fake words of greatness.

All Fees Hidden

The fact that no legal documentation is present speaks volumes about the transparency and honesty of this broker. Trading portals with impeccable reputations are obligated to post all legal texts and clarify the costs of their services.

On the other hand, the Kite Fx trading scheme, as well as many others like Fargo Consulting, tends to keep all costs concealed. The dishonesty about trading tax and other costs is a clear sign of a platform being unlawful. Therefore, you can expect sudden fees and unjust pricing.

Dilemmas About Withdrawals

Although you should never even consider depositing on blacklisted sites, let’s say you’re interested in investing here. 

First off, besides hidden costs, you’ll find no information about supported payment channels. Even if you somehow manage to sign up and put some money in your account, you’ll never be able to retrieve it without professional help.

You see, withdrawals simply do not work on unregulated platforms, and you won’t be making any real money. Not only will you not be able to complete a profit payout, but even the initial sum you deposited will remain stuck with the schemers. 

Support Channels for Customers

As previously mentioned, the same phone number this site lists is also found on other brokerage web presentations. That means the contact details are most probably fake.

We also found an email address of the company but no one replied to our repeated emails. It seems like either no one cares about replying to customers or no support office exists at all.

Alleged account managers and guides are only available when you want to deposit. As soon as you start facing issues, any previous communication is cut off. 

Help in Case of Scam

It’s understandable if you’ve fallen victim to the boiler room sweet talk of the Kite Fx scam. It happens even to professional, well-experienced online traders. What is absolutely crucial to remember is that help is available.

If you contact us today, we can book your free consultation and advise you on how to act further in order to get your finances back as soon as possible. Don’t hesitate to ask for the help that you need. The sooner you act, the higher the chances of getting back what is rightfully yours!

FAQ

Is This Company a Regulated UK Forex Broker?

No, this bogus website advertises and sells unregulated online trading services. The firm only claims to be located in London, but their real location is not known.

Can Lost Money Be Recovered?

In order to find out more about the potential recovery options, we suggest you contact our chargeback professionals. Our experts can help you track your investments and get them back.

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