Kurdistan Forex (kurdistanforex.com) doesn't have any business offering trading services to investors. The Financial Conduct Authority has already blacklisted the platform for several reasons. One of them is the safety of funds, and the platform soon blocks withdrawals from members. And that's just the tip of the iceberg, and the platform could be selling clients' banking information to third parties. These are some of the main reasons we conducted this thorough KURDISTAN REVIEW.
Kurdistan Forex claims value is more significant than any price tag on the about us section. And that's the reason why the platform came into existence. However, from what we can see, the website is a poor show of a trading platform.
Navigating through the website is a big tussle for members. No user experience would heap praise on the platform. Instead, what you get is what you see as the platform tries to hide all data from members.
We have seen this before in platforms whose interest is to fool naïve investors. So we have to expose the platform's weak points to protect investors. Signing up with KurdistanForex is the first mistake you will make as an investor.
The platform does a lousy job of preparing or offering relevant information about what to expect. There's no background information on the platform anywhere on the website. You have to guess their mission and objective.
Such platforms usually prey on naïve investors with empty promises. So instead, the platform will try and promise members the world with several features. Among them are the safety of funds and a guarantee of making a profit.
Before you invest in any platform, experts recommend doing due diligence. Try and find out what makes a platform tick. That's the only way that you will stay safe in the forex world. You can also ask us to review a platform on your behalf.
Kurdistan Forex doesn't mention any account types on the platform. The platform also fails to mention the account features available on the platform. These are some of the red flags members should immediately spot.
Despite all these, the platform tries its best to develop an engaging website design. Sure, the platform colors look attractive to the eye. However, it masks the truth about what to expect and the results of investing with such a platform.
There's no mention of an acceptable minimum deposit with the platform. Members don't know the required amount to deposit. Industry regulators have come out to protect investors from such scenarios.
The acceptable minimum deposit in all jurisdictions is €$250. We see a platform making calls urging investors to deposit as much as possible. These are the issues that made us question the intent of the platform.
You should have a platform that's transparent in every aspect. Instead, we have a platform that fails to give members the available trading conditions. For example, there's no mention of maximum leverage or spreads open for trading instruments.
Also, regulators have come up with maximum acceptable leverage in all jurisdictions. You have to follow these rules to guarantee safety. For example, in Europe, the maximum acceptable leverage is 1:100. Retail traders in the United States enjoy maximum leverage of 1:50.
We suspect the platform is going for maximum leverage of 1:300 for forex assets. Of course, high leverage puts your position at risk. It's only experts that can manage to take advantage of high leverage.
The platform avails an affiliate program to attract as many investors as possible. The program offers investors a chance to earn commissions after referring a trader to the platform. There's a promise of making a 10 percent commission for every deposit made by the referred partner.
It looks like a perfect way to earn passive income. However, before doing so, you must understand the consequences of such moves. One, the platform fails to release conversion data for affiliates. That means you won't know the amount deposited by members.
Secondly, you will be directing members to invest in a platform that soon shuts down their accounts. You end up facing the blame for such losses. That's why no professional affiliate wants to partner with the platform.
There are five classes of trading instruments available on the platform. These include commodities, crypto, forex, indices, and stocks. You can trade commodities such as crude oil, metals, natural gas, etc.
The platform pairs leading cryptos against each other and leading currencies. Some cryptos to find include Bitcoin, DOGE, Ethereum, Litecoin, and Ripple. The platform pairs these cryptos together, thanks to the market's volatility.
Forex trading happens to be the core of the platform's trading activities. Some of the pairs include EUR/GBP, USD/GBP, AUD/USD, etc. The platform also pairs minor currencies. Sadly, there are no exotic pairs traders would use to spread risks.
There are several indices found on the platform. These include indices such as DAX, Dow Jones, FTSE, NASDAQ, NIKKEI, etc. Indices provide a perfect opportunity to trade on the world's biggest stage.
Lastly, we have stock trading, which has been around for years. The platform offers shares from leading companies from all sectors. These include shares from entities such as Apple, Google, and Microsoft.
There's little information suggesting who owns and runs Kurdistan Forex. Despite showing the team profiles, these are mere stock images. None of the people you see have any affiliation with kurdistanforex.com.
And that makes the platform an anonymous investment platform. You should do your best to avoid such platforms. These platforms rarely offer the best services. Members also face a hard time trying to recover funds.
The anonymous nature moved investors into issuing a warning to investors. We have to expose the store for failing to offer any meaningful investment opportunity. Members who attempt to hire recovery agents end up losing more funds.
Hundreds of clients have turned to social media to highlight their problems with the platform. Nearly all of them seem to share the same story. Most of them don't have access to their funds as the platform blocks logins.
It's the final nail in the coffin once the platform blocks access to your account. There's no response from the platform as to why this is happening. These are why we suspect the platform of selling your information to third parties.
Your funds are far from safe, with a platform failing to segregate accounts. We suspect the platform holds all funds in a single offshore account. The platform also fails to offer insurance cover for deposits made by clients.
Kurdistan Forex is not licensed or regulated. What you have is a platform failing to offer any meaningful investment. The Financial Conduct Authority has already issued a warning against the platform.
Please stay away from kurdistanforex.com or else face the risks.
PS: Experts recommend using a proven investment strategy. Go for coin staking, DeFi, or Masternoding.
Feel free to drop a comment or email us with any queries.
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