Kridex review is collected after a lot of effort and we finally concluded that the traders should not invest with Kridex broker since their investments may not be safe with Kridex.
The main motive of Scam Victims Help is to identify the scam brokers in the market and let the traders know about their scam activities. We warn traders to stay away from scam brokers if they want to keep their hard-earned money safe from scams.
Broker Website – https://www.kridex.com/
Headquarters or Area of Operation – Suite C, Orion Mall, Palm Street, Victoria, Seychelles
Warnings – Not Recommended By Review Website Like Scam Victims Help
When was the Kridex website domain set up?
| Domain Name | kridex.com |
|---|---|
| Date Registered | April 24, 2018 |
| Domain Age | 4 years, 5 months, 24 days, 23 hours, 1 minute, 23 seconds |
Kridex review: Introduction
Kridex is a brand of Quantix FS Limited. It is a financial services company and is regulated and authorized by the FSA (Financial Services Authority of Seychelles). To know more about the broker, keep reading our Kridex review. The headquarters office is at Suite C, Orion Mall, near Sony World, Palm Street, near the Ministry of Fisheries and Blue Economy, Mahe, Victoria, Seychelles. The website is https://www.kridex.com/, the contact number is +44 207 193 2760, and the email ID: is support@kridex.com. They also have Live Chat for communication. The license number is SD021 (securities dealer).
As the site claims, the broker was founded by a group of forex market professionals with many decades of experience. Hence, they can offer low-cost trading with high-quality order execution and ultimate market conditions.
Their mission is to provide clients with unlimited possibilities, the best possible trading environment with the lowest trading costs, and the highest quality order filling.
Kridex review: regulations
The website claims to be regulated and authorized by the FSA (Seychelles). It is a low-profile authority and is very lenient in its rules and regulations. It is based offshore, whereby traders trading in other jurisdictions may have problems. The FSA is a weaker regulatory authority when it comes to investor protection.
Kridex review: trading platform
Kridex offers MetaTrader4 as a trading platform. It is a third-party provider. Kridex partnered with Maxwell Global Trading Company Ltd., to provide MT4. Even Maxwell is not regulated and is associated with previous scam scandals. One can trade in forex, commodities, and indices through Kridex.
MT4 is one of the best trading platforms (software) in the market. At present, its higher version, MT5, is available with many brokers. There is an excellent charting package, numerous market indicators, and customizable bots. One of the features is Expert Advisor (EA).
Kridex offers a demo account whereby the trader experiences trading conditions, spreads, and the benefits of trading with them.
Kridex review: account types
Account types offered are Classic (minimum deposit $50), ECN (minimum deposit $250), and PRO (minimum deposit $5000). For all account types, negative balance protection is there. is available with a variable spread of 0.0 pips to 1.4 pips and a maximum leverage range of 1:500 to 1:200.
As per the rules of regulatory authority, such high leverage cannot be offered as the trader’s risk is very high. Usually, the leverage is 1:30. To protect the interests of the traders, regulating authorities have to come up with such types of restrictions.
There is also an affiliate account or partner account. One can say it is a kind of referral program.
Kridex review: assets
Kridex offers trading in forex (50+ pairs), commodities, and indices.
Kridex review: deposits and withdrawals
Deposits in an account are by debit or credit card, bank wire (swift or SEPA), Cryptocurrency (Bitcoin, Ethereum, and Tether), e-wallets like Neteller, JCB, Skrill, QIWI, Webmoney, Perfect Money, and FasaPay.
As with any scam broker, there is a practice of offering highly controversial trading bonuses. Hence, it is banned by many regulated markets. Withdrawals and bonuses are linked with other terms. In this case, they have mentioned in their terms and conditions that the bonus sum credited cannot be withdrawn. Gains can be withdrawn once trading requirements are met within stipulated period of 60 days. For every 1$ in bonus received the client must trade 0.3 lots.
Why not open an account with Kridex?
- The broker is regulated offshore. Your funds are not protected.
- The trading platform MetaTrader4 is partnered with Maxwell Global Trading Company Ltd., which is already associated with scam scandals.
- The demo account is just a hoax. Scammers modify market data.
- Problems while withdrawing funds. The broker is participating in a bonus and commission scam scheme.
- With very high leverage, the trader is at risk.
- The servers are situated in London, the United Kingdom, inside an unknown cheap data center.
- No sooner do you register, you will getting calls from Kridex, to deposit more.
If you have been scammed by Kridex?
Scamming is quite common in the trading world and it is clear from this Kridex review that this broker is involved in scam activities. But you have options available to you.
You can contact us or your bank and file for a chargeback. Mastercard has already increased the period for filing a chargeback by a year and a half. Visa will also follow suit.
Immediately cancel your credit card if you have provided scammers with a credit card number and CVV code.
Fill out and submit our online form and avail free consultation. We are a registered company with the Registrar of Companies under the name Scam Victims Help Ltd.
We hope this Kridex Review is helpful.
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Also, check which brokers got the warning from the Italian regulator CONSOB.