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Kajeforex review ; This is an offshore forex broker registered in Marshall Islands. At the moment, this broker makes very attractive offers. But we are certain that investing in it is a big risk. And you will find out why we say so very soon.
According to the website the company behind the brokerage is registered in the Marshall Islands with a standard address we have seen countless other brokerages use.
Meanwhile, they make very attractive offers for potential clients. This broker claims to provides the MT4 trading platform. The selection of trading products is diverse and the spread on EUR/USD is 1.5 pips which is just about the industry average. The required minimum deposit is also quite tempting at only $250.
At the moment, they claim to have wide range of instruments to trade. About 40 major currency pairs, Cryptocurrency, precious metals, as well as CFDs.
To reach out to them; potential clients need to send a mail to email@example.com. They can also contact them through the live chat or any of the social media handles.
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Looking at this website, one will have every reason to trust and trade in kajeforex. But we always say it that you should not judge a book by the cover.
Kajeforex has a good website design. But there is more to online investment than just an aesthetic web design. Meanwhile, the most important factor to consider while investing online is security of your funds. And this is where we have problem with kajeforex.
The company behind the brokerage is registered with the name Kaje Fin Services Ltd. Like we all know, Marshall Islands has become a top-destination for would-be scammers. This is especially true, considering very liberal laws regarding the registration of companies.
Meanwhile, Marshall Iselands government does not even require someone to be physically there in order to register a company. And ill minded brokers always leverage on such loophole. Therefore, we can confidently say that kajeforex does not fall under any regulatory oversight. Especially when the government of the Marshall Islands does not include Forex trading within its regulatory framework.
Additionally, this kajeforex review, further questions the legitimacy of this broker due to the lack of information on the website and in the terms and conditions. All this, including the offshore location of the brokerage and the lack of relevant information highly incline us to suspect that potential clients of the brokerage may be open to substantial risk.
Kajeforex review on account types
KajeForex offers 4 different types of trading account. They claim that these accounts are suitable for all trading needs and levels of forex market knowledge. After a brief consultation with the account manager, beginners in trading, Pros and high-volume traders can choose the most suitable. Additionally, they can even further personalize it.
EA ROBOT : This account type requires a minimum deposit of $500, with a leverage of 1.4 and spread of 1.4.
With this account, clients can trade Forex and CFD. In addition, they will have access to expert advisor without any commission.
ECN: This account type has similar qualities as the EA ROBOT account. Although the minimum deposit is $10,000. Also, the spread comes with an unspecified commission.
This standard account requires a minimum deposit of$250. Which is mostly acceptable in the industry. Moreover, the spread is just 1. But with the account, you cannot access the expert advisor. In addition, you will only have access to the Forex and CFD trading.
ACTIVE TRADER: This account type has all the qualities as the ECN account. The primary difference is the minimum deposit which is $1000. In addition, you will have to contact them to know the spread.
NOTE; In this kajeforex review, we found that the leverage is fixed for all the account types that is 1.4. Also they all use one trading plartform, Which is MT4.
Disadvantages of investing in kajeforex.
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No regulation ; Kajeforex is not regulated by any recognized regulatory body in the world. Moreover, the location of this broker is a source of concern to us. Marshall Islands has no stringent rules guiding brokerage registration. Therefore, anyone can just wake up and claim to be registered. Moreover, you don’t have to be physically present to do so. Additionally, their Constitution don’t capture forex trading.
Segregated Account : This helps in making sure that clients funds are safe. But kajeforex uses pulled account. Unfortunately, this is not good because if anything happens to such account, then the entire clients will loose their money.
KajeForex review Conclusion.
This broker May have good website aesthetic, but that’s not good enough. Especially when the safety of your funds is not guaranteed. Don’t invest your money in an unregulated broker. This people are not different from these scammers. If you want to invest, do it in a broker that assures the safety of your funds.
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