Kridex

Offshore broker powered by Quantix FS Ltd platform - investment may be at risk!

At first look Kridex is forex brokerage. It promise lowest trading cost and very extremely generous leverage. Beware! Eye-catching website doesn't guarantee legit place for investments. Big advertisements for earning quick money usually are recipe of some kind of fraud. Disclaimer at the bottom of the page claims that Kridex is owned by Quantix FS LTD company, located in Seychelles. This classified them as offshore broker. Offshore brokers never follow set rules and regulations. Anonymity of Seychelles help scammers thrive. No mention of the people created this platform. Mention of fake regulation by the Financial Services Authority (FSA) of Seychelles with a license number which cannot be verified. All these traces are indication for professional scam scheme. Even if assume that the license is genuine. FSA regulation can not compare with prestigious regulatory agencies in Europe. It doesn't provide participation in a financial mechanism by which traders' losses may be recovered in case of bankruptcy or fraud. Furthermore, this agency requires a starting capital of only $50 000 while strict authorities requires around one million.

Where are Kridex servers located?

Servers are situated in London, United Kingdom inside unknown cheap data center. Aproximitly location based of tracking network traffic indicates that it is most likely Equinix, which are not regulated by financial institutions. They are associated with previous scam scandals. It's very important to know that location of the Kridex broker head office is different from the location of their trading servers. At the moment of writing this article, Kridex allows trading with:

• Forex
• Commodities
• Indices

Kridex MetaTrader4 is provided by a third party. This might not be so unusual, because sometimes brokers partner with other companies and use their trading platforms. The problem here is that Kridex MT4 is provided by Maxwell Global Trading Company Ltd., which is not regulated and is associated with previous scam scandals.

Why Kridex is fake platform?

Demo account is a hoax. Scammers has modified market data in way which gunatee 90% successful trades. After so many wining trades the inexperienced trader will believe that this platform works. Next thing victims will do is open a real account with Kridex. Anyone who opens an account with this fake platform will lose their money. Their real account is opposite of what you expect. Already deceived have been complaining that even after making sure trades, they still lose. Credit cards and their personal information has drained by hackers. Evidence produced clearly shows dealing with a team of professional scam artist. Best thing is to stay clear from these scam artists. Only option is to blacklist Kridex as the dirty scam it is. Simply put, this is a dirty broker that should be investigated by the authorities. There’s no way investors earn money with this platform.

Lack of regulation

The broker have unclear license by the authorities in Seychelles

Kridex claims that have license from Financial Services Authority of Seychelles (FSA) with a license number SDO21. There are no easy way for verification of the authenticity of the license. The existence of such a license must be called in doubt. This makes them a dangerous and risky partner to trade with. We tried to confirm the validity of this platform contacting the relevant authorities. The official statement of Financial Conduct Authority (FCA) was that never heard of Kridex. Cyprus Securities and Exchange Commission (CySEC) also claimed to be on the verge of banning this platform. FSA didn't respond to our inquiry, before publication of this article. Based on all these fact can conclude that all Kridex statements are fake to make you believe that they are real. We consider the registration number as fake also.