Kowela Review – Is Kowela a Scam or a Legit Broker?

Kowela is suspected to be a scam broker and we want the readers to invest only with reliable brokers and not the ones who have negative reviews and trader complaints. This is the reason why we have written this comprehensive Kowela review. Millions of investors are driven to the financial market because it offers a great opportunity to earn money. This industry, like many others, is not immune to scams, and brokers. The presence of Forex scams, Cryptocurrency scams, Investment scams, Romance/Dating scams, Pet scams, Binary scams, etc., are common these days. The fraudulent acts of such brokers can result in huge losses suffered by innocent traders. Here are some important facts related to the Kowela Review.
  • Website: https://www.kowela.com/
  • Website Availability: Yes
  • Address: The Gateway Tower 5, Harbour City, 15 Canton Road, Kowloon, Hong Kong
  • Regulation: Unregulated
  • Warning by: Autorité des Marchés Financiers (France)
  • Domain Age:
    Domain Name: KOWELA.COM
    Registry Domain ID: 2566100206_DOMAIN_COM-VRSN
    Registrar WHOIS Server: whois.namesilo.com
    Registrar URL: http://www.namesilo.com
    Updated Date: 2023-01-29T05:25:44Z
    Creation Date: 2020-10-15T18:17:27Z
    Registry Expiry Date: 2024-10-15T18:17:27Z

Operated by Kowela LTD, Kowela claims registration in Saint Vincent and the Grenadines, a detail we verified through the Saint Vincent and the Grenadines Financial Services Authority (SVG FSA). However, it’s crucial to note that SVG FSA does not regulate forex brokers or issue licenses for forex trading, meaning that registration alone doesn’t authorize them to provide financial services.

Adding to the concerns, the Spain Comisión Nacional del Mercado de Valores (CNMV) issued a warning, stating that Kowela lacks authorization to provide investment services in Spain. Kowela remains unregulated by any overseeing authorities, raising serious concerns about the safety of entrusting them with investors’ money, which remains unprotected by regulatory laws.

While Kowela’s website boasts an impressive appearance, potential investors should be cautious of misleading features. The absence of a trading license poses a significant risk, and the broker’s leverage of 1:400 far surpasses Hong Kong’s legal limit of 1:20 for retail customers, indicating a disregard for regulatory standards. Additionally, the trading software offers basic tools but lacks advanced features such as live market data or automated trading, further highlighting potential drawbacks.

Identifying Signs of a Scam Broker

Scam brokers have a common method of duping victims. They either cold call, create bogus, websites or use pop-up adverts. Similarly, after examining Kowela brokers, we discovered numerous proofs of Kowela scam activity. The goal is to warn brokers about Kowela potential fraudulent operations.
While trading, it is immensely important to identify a broker that is reliable and legitimate. But, there are some reasons why we have tagged this Kowela Review in our scam broker 2024 list of scam brokers. Here are some points that you need to know if a broker is a scam or not. Check these points associated with the Kowela broker by reading our Kowela Review further.
Licensing and Regulatory Compliance

When selecting an online broker, the regulatory status is a paramount consideration. In this context, it appears that Kowela is operating without proper regulation in its jurisdiction, or it may not adhere to regulatory standards and could potentially be involved in fraudulent activities. There exists a significant likelihood that reputable regulatory authorities such as CySec, ASIC, FCA, CNMV, FINMA, etc., have issued warnings against this broker. Such warnings signal that the broker may not be a suitable choice for investing your valuable funds. Consequently, it appears that this broker lacks the necessary regulatory oversight or there is insufficient evidence to support its claims of being regulated.

Leverages and Accounts

Respected brokerage firms operating in the financial markets typically maintain low deposit requirements, in compliance with regulatory standards. Elevated deposit requirements can raise concerns for regulatory authorities. However, it is worth noting that this particular broker imposes a substantial deposit mandate, which should be regarded as a significant warning sign and may warrant reconsideration of your investment journey. A similar cautioning approach is required when evaluating the leverage provided.

Reputable financial platforms typically offer modest, well-regulated leverage options. In contrast, this broker presents an elevated leverage capacity, a characteristic commonly associated with brokers of dubious reputation. It is vital to recognize that the provision of high leverage by this broker can potentially expose traders to substantial losses should market conditions take an unfavorable turn. Careful consideration and due diligence are essential before proceeding with this broker.

Withdrawal Issue

Unfortunately, unregulated brokers sometimes refuse to process your withdrawal or suspend your account for minor reasons.
It is advisable to steer clear of unregulated brokers, particularly those that are not licensed in your jurisdiction by the regulatory authority. It’s also a good idea to avoid brokerages that are regulated but located outside your jurisdiction. Conducting thorough research before investing with a suspicious broker can help you avoid potential losses and unnecessary stress. If you are facing withdrawal issues with an Kowela broker, it is a big red flag and Kowela is a scam. Many Kowela Reviews online have shown this issue.
Complaints in Kowela Reviews

Several complaints and negative Kowela reviews have been found regarding the scam broker on various online review sites. A low rating of Kowela Review on several online platforms makes it clear that the broker has a negative reputation among investors. The investors have accused them of being scam brokers and stated how they have been victims of the Kowela scam and lost all their money and efforts to them.

Suspicious Activities of a Scam Broker.

If your broker promises high leverage, ensures returns, professes to demand no expenses, and then all of a sudden asks for more money later, these are instances of problematic exercises that make the broker a suspect of scams.

  • They guarantee high benefits that sound too good to be true.
  • Any major authority like FCA, FMA, FINMA, ASIC, SEC, etc may not regulate them.
  • They promise to offer risk-free trading.
  • They ask you for personal information, like your bank details or passwords.
  • Share no contact information like email address, postal address, chat option, etc.
  • Asks for large investment and commission.
  • Have no or less transparency.
  • They follow some unprofessional practices and dubious strategies.
  • Stop communication once you ask for a withdrawal.
  • They ask you to transfer money quickly.

Did you get scammed by Kowela? File a Complaint against Kowela for a recovery process

It is tough to recognize fake brokers at first glance, yet that is the place where we can help. If you want to invest in online trading, it is a good idea to look at the list of scam brokers in 2024 and avoid the brokers present on the list. This will help you in safe trading and keep your investments safe with the right broker.https://allscamreports.com/scam-brokers-2023/

All Scam Reports have a team of experts who work to get your money back from scammers. We have broad involvement in chargebacks, forex scam recovery, crypto scam recovery, and the ability to manage a wide range of cases. All Scam Reports Team advises the user to avoid investing here, as we have found that the Kowela broker is suspicious, and exhibits many features similar to scam brokers as shown above in Kowela Review.

So it can be concluded from this Kowela review that this broker is a potential scam.

Investors should always remember that scammers don’t have any right to take away their funds in illegal ways and hence, it is their responsibility to fight for it and get it back from the scammers. All Scam Reports Team is here to help you out in this situation of fund recovery. All you need to do is fill out a small complaint form, and we will be in touch with you shortly with a Free consultation






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