Kudos Capital Management – Kudos For Trying Hard To Pass As Legit
For a UK/Swiss brokerage with European level of quality trading service, Kudos Capital Management sure lacks in many aspects of their conduct. From the promise of the best financial advice and most accurate trading tools provided to being blacklisted, Kudos Capital Management turned out to be a false service provider.
So stay tuned with our Kudos Capital Management review and we’ll give you all the vital information about this dangerous and deceptive company on a plate.
|Regulated by:||Not regulated|
|Is This Company Safe?||Unregulated brokers should be stayed away from!|
|Have Warnings from:||FINMA|
|Deposit Bonus:||Not available|
|Trading Assets:||Forex, Crypto, Metals, Commodities, Indices, Shares|
|Free Demo Account:||N/A|
|How to Withdraw from This Company?||Legal help is required in order to make a withdrawal|
The brokerage brand is owned by a company with the same name. However, since their headquarters are stated to be in the UK and Switzerland, we immediately checked with two main financial watchdogs in these countries – FCA and FINMA. Moreover, we’ve also combed through the registers of regulated entities kept by BaFin, CySEC, ASIC, NFA and CONSOB.
As it turns out, Kudos Capital Management has been blacklisted for operating without being authorized by:
- FINMA: https://www.finma.ch/en/finma-public/warning-list/kudoscm-com/
A warning in the state where the broker is supposedly headquartered is the biggest red flag. This discovery implied to us that Kudos Capital Management doesn’t implement fund segregation, negative balance protection and compensation fund. What’s more, they do not limit the leverage on crypto trading, but instead pushes clients into risk. Coin2FX is a blacklisted entity with similar behavior towards clients.
Kudos Capital Management claims to have a fictitious license by an entity called “Reunion Free Zone”. This is not an existing financial regulator. Due to lies and blacklists, we advise you to avoid this broker.
Latin American Victims
The stated offices do not have to be the actual locations of the broker’s headquarters. Judging by the origin of victims, it could very likely be that the scam operates from one of the countries with the biggest number of scammed traders, like:
This also doesn’t mean that Kudos Capital Management doesn’t sell their services to the broader audience without filtering their victims. You see, the broker offers specialist consultation and guidance when it comes to smart investing. Also, they especially try to make their trading conditions sound attractive without being precise.
These are just some of the swindling tactics you should beware of. We help victims of such lies to get ahold of their funds again, so contact us if you find yourself in such a situation.
Fabricated VS Actual Costs
Kudos Capital Management scam wants you to think trading on their platform is conducted under lowest trading costs of 0.0 pips and adjustable leverage. Meanwhile, the exact costs remain undisclosed. Also, all the account funding and payouts should be fee-free, as well, which we do not believe for a second, coming from a blacklisted site. FxActive is scarily similar in terms of lacking transparency.
What the Broker Does(not) Offer
All the state-of-the-art trading conditions and parameters that Kudos Capital Management should be able to offer its investors remain nothing more but a promise. Without access to the client zone, we couldn’t review the platform properly or the account types. The only category fully visible to non-clients are the financial instruments offered. But that becomes irrelevant when there’s no platform, doesn’t it?
Where’s the Promised Platform?
We can’t tell for certain if Kudos Capital Management even has a platform of any kind. Access to it is restricted without an account opened with the broker.
Reputable brokerage sites would allow platform preview before registration, but not Kudos Capital Management. This situation equals one where the broker does not have a platform at all.
Choice of Assets
Several groups of tradable assets are the same ones we see in most regulated brokers and fraudsters alike. Nothing in the choice of instruments is jaw dropping or exotic at the absence of a Kudos Capital Management platform makes it impossible to trade:
- Forex (EUR/USD, EUR/CHF, USD/JPY, AUD/CAD)
- Shares (Facebook, Boeing, Barclays, Apple, Amazon)
- Indexes (UK100, GER30, SPX500, NASDAQ, JPN225)
- Commodities (oil, gas, coffee, and soybean)
- Cryptocurrencies (Ethereum, Ripple, Litecoin, Bitcoin Cash, EOS)
- Metals (Gold, Silver, Platinum)
Account Types – None
First problem with determining the available packages was the absolute necessity for a promo code to complete registration. Since we didn’t have it, we couldn’t enter the client zone. The restricted access has prevented us from examining the conditions and the complete offer more closely.
No Demo Account
The same application form for account opening suggests no option to choose between Demo and a Live account. Kudos Capital Management account for risk-free trading could exist, but we had no way to verify that. Either way, trial trading provided by a blacklisted site is not a healthy trading environment where you want to invest.
Do Withdrawals Work?
The Kudos Capital Management fake offer presents the ability of transferring funds hustle-free, but that’s only if you do not read the legal docs. Client Agreement says the incurring fees are only up to the client to pay.
Also, the company reserves the right to alter the spreads, leverage, prices and other trading conditions as they find fit. That puts clients in the position of facing sudden fees and additional taxes to pay. These sorts of lies, misinformation and data manipulation breach all Tier 1 regulatory directives.
Contact details the website presents are:
- Email – [email protected]
- Phone – +447418355723
- Address – 84 Eccleston Square, Pimlico, London, UK. Via G.B. Pioda 9, 6900 Lugano, Switzerland.
- Online form
Although it may seem easy to locate and contact the broker, we had no such luck. The phone number is one which no one answers and all emails do not go through. Customer support at Kudos Capital Management seems completely unresponsive.
Few Things To Remember
Keep in mind that the Kudos Capital Management review you had a chance to read breaks down key points to a scam scheme with suspicious background and a blacklist warning.
If you’re facing payout troubles with this broker, contact us as soon as possible. We’re here to offer free legal advice and support in getting back what is rightfully yours so don’t feel ashamed for what has happened to you and reach out to us any time.
Is Kudos Capital Management A Trustworthy Broker?
No, this broker is actually blacklisted by the Swiss FINMA. If you can’t get a withdrawal from them, we can offer you legal support.
What Account Currencies Are Available In Kudos Capital Management?
The broker doesn’t specify such account details.
What Is The Minimum Deposit In Kudos Capital Management?
The minimum package cost at Kudos Capital Management is not revealed.