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Score

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0 1 2 3 4 5 6 7 8 9
0 1 2 3 4 5 6 7 8 9
/10

Kanak Capital Markets

Comoros Comoros | 2-5 years |
Suspicious Regulatory License | MT5 Full License | Global Business | High potential risk

https://kanakmarkets.com/

Website

Rating Index

MT4/5 Identification

MT4/5

Full License

KanakCapitalMarkets-Live

United Kingdom
United Kingdom
MT5
3

Influence

D

Influence index NO.1

India India 2.72

MT4/5 Identification

MT4/5 Identification

Full License

3
Server Name
KanakCapitalMarkets-Live MT5
Server Location United Kingdom United Kingdom

Influence

Influence

D

Influence index NO.1

India India 2.72
Surpassed 20.40% brokers
Biz Area Search Statistics Advertising Social Media Index

Contact

+269 80006512002
info@kanakmarkets.com
https://kanakmarkets.com/
Bonovo Road, Fomboni, Island of Mohéli, Comoros Union
Licenses

No valid regulatory information, please be aware of the risk!

Warning: Low score, please stay away!
  • It has been verified that this broker currently has no valid forex regulation. Please be aware of the risk!

Basic Information

Registered Region
Comoros Comoros
Operating Period
2-5 years
Company Name
Kanak Capital Markets LLC
Customer Service Email Address
info@kanakmarkets.com
Contact Number
+26980006512002
Account
Related Software
Biz Area
Website
Company Summary
News
Wiki Q&A
Comment
MT4/5
Full License MT5
Full License MT5
0
MT4 Servers
1
MT5 Servers
162.00
velocityIcon
Average execution speed/ms

Formal full license MT4/5 traders will have sound system services and follow-up technical support. Generally, their business and technology are relatively mature and their risk control capabilities are strong

Meta Trader 5
Meta Trader 5
Perfect

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Official website

Website

  • kanakmarkets.com
    184.168.109.23
    Server Location
    Singapore Singapore
    ICP registration
    --
    Most visited countries/areas
    --
    Domain Effective Date
    --
    Website
    --
    Company
    --

Company Summary

Kanak Capital Markets Review Summary
Founded2012
Registered RegionComoros (no recognized financial regulation)
RegulationNo regulation
Market InstrumentsForex, Commodities, Indices, CFDs, Stocks
Demo Account
Islamic Account
Leverage/
Spread /
Trading PlatformsKanak Capital Markets Platform, MetaTrader 5 (MT5)
Minimum Deposit$2,500
Customer SupportCall: 80006512002
Email: info@kanakmarkets.com

Kanak Capital Markets Information

Kanak Capital Markets was created in 2012 and is based in Comoros. It doesn't have any recognized financial rules. Using both its own platform and MetaTrader 5, it offers a variety of CFD trading services for currency, commodities, indices, and stocks. It has demo and swap-free accounts, but the fact that it isn't regulated creates a lot of risk worries.

Kanak Capital Markets' homepage

Pros and Cons

ProsCons
Wide range of tradable instrumentsNo regulation
Offers both demo accounts and swap-free (Islamic) accountsHigh minimum deposit ($2,500 for the lowest-tier Silver account)
Supports MetaTrader 5 and proprietary platformUnclear fee structure

Is Kanak Capital Markets Legit?

Kanak Capital Markets is not a regulated broker. It says it is registered in the Comoros, although this area does not have a recognized financial regulation that oversees forex or brokerage services.

Whois data show that the domain kanakmarkets.com was registered on January 25, 2022, last updated on October 4, 2022, and will expire on January 25, 2027. It is now “client delete prohibited,” “client renew prohibited,” “client transfer prohibited,” and “client update prohibited.”

Domain information

What Can I Trade on Kanak Capital Markets?

Kanak Capital Markets offers CFD trading across multiple asset classes, including forex, indices, energy, stocks, and other commodities.

Tradable InstrumentSupported
Forex
CFDs
Commodities
Indices
Stocks
Cryptos
Bonds
Options
ETFs
What Can I Trade on Kanak Capital Markets?

Account Type

Kanak Capital Markets has three types of live trading accounts: Silver, Gold, and Platinum. They also have demo accounts for practice and swap-free (Islamic) accounts for traders who need circumstances that follow Sharia law. Silver is good for smaller traders, Gold offers personalized help, and Platinum is for more experienced traders with a lot of money.

Account TypeMinimum DepositStop OutPersonal Account ManagerSuitable for
Silver$2,50030%New or small-scale traders
Gold$5,000Intermediate traders seeking support
Platinum$50,000Advanced, high-capital traders
Account comparison

Trading Platform

Trading PlatformSupportedAvailable DevicesSuitable for
Kanak Capital Markets PlatformWeb, likely desktop & mobile/
MetaTrader 5 (MT5)Windows, macOS, iOS, AndroidExperienced traders
MetaTrader 4 (MT4)Beginners
Trading Platform

Deposit and Withdrawal

Kanak Capital Markets doesn't charge its own fees for deposits or withdrawals, although banks may impose fees for transferring money or exchanging currencies. The minimum deposit amount varies by account type. Silver account $2,500, Gold account $5,000, and Platinum account $50,000.

Payment MethodMinimum Deposit FeesProcessing Time
Bank Transfer$2,500Free from Kanak; bank fees may applyNot mentioned; depends on bank
Deposit

Keywords

  • 2-5 years
  • Suspicious Regulatory License
  • MT5 Full License
  • Self-developed
  • Global Business
  • High potential risk

News

Kanak Capital Markets Exposed: Mounting Fraud Allegations Leave Traders Unsafe

Exposure Kanak Capital Markets Exposed: Mounting Fraud Allegations Leave Traders Unsafe

Do you face problems beyond withdrawal denials at Kanak Capital Markets? Does the broker charge you hidden fees, such as swap charges? Do you witness constant capital losses due to manipulative trades by this broker? Have you also witnessed a series of lies and threats by the broker officials? You have selected the wrong broker for forex trading. Read on for more details.

Wiki Q&A

Mansuber007
Mansuber007
1-2 years

What trading platforms does Kanak Capital Markets offer?

WikiFX
WikiFX Reply

Kanak Capital Markets offers its proprietary platform and MetaTrader 5 (MT5), which is a solid choice for experienced traders like myself. While MT5 is a reputable platform, I would be cautious about using their proprietary platform without knowing more about its features and security. The lack of information on its reliability makes me hesitant, and it could be an attempt to lock traders into a system they can’t fully assess. If I were to write a kanak capital markets review, I’d be wary of this point.

Broker Issues
Kanak Capital Markets
Kanak Capital Markets
Platform
Leverage
Account
Instruments
07-31
United States
Tricia54
Tricia54
1-2 years

What account types can I open with Kanak Capital Markets?

WikiFX
WikiFX Reply

Kanak Capital Markets offers three account types: Silver ($2,500 minimum deposit), Gold ($5,000 minimum deposit), and Platinum ($50,000 minimum deposit). These high minimum deposits could be intimidating for beginner traders like myself. The availability of demo accounts and swap-free Islamic accounts is a plus, but I’d be cautious about opening an account with such a high initial deposit, especially considering the unregulated status of the platform. It’s something I’d consider when writing a kanak capital markets review.

Broker Issues
Kanak Capital Markets
Kanak Capital Markets
Instruments
Leverage
Platform
Account
04-16
United States
Solotim
Solotim
1-2 years

Is Kanak Capital Markets regulated?

WikiFX
WikiFX Reply

No, Kanak Capital Markets is not regulated. It's registered in Comoros, but the country lacks a recognized financial regulatory body overseeing forex or brokerage services. In my opinion, this makes it a high-risk platform. I would personally be cautious about trading with Kanak Capital Markets because without regulation, there's no guarantee of safety for my funds, which is something I take very seriously when reviewing brokers. This raises concerns about the legitimacy of Kanak Capital Markets as a whole, and many might question whether it’s a potential scam.

Broker Issues
Kanak Capital Markets
Kanak Capital Markets
Regulation
04-07
United States
DoreenVanDenHeever
DoreenVanDenHeever
1-2 years

What is the minimum deposit for Kanak Capital Markets?

WikiFX
WikiFX Reply

The minimum deposit for Kanak Capital Markets is $2,500 for the Silver account, which is quite high for a new trader like me. The Gold and Platinum accounts require even higher deposits. The steep deposit requirements could be a deterrent for many, especially when you factor in the lack of regulation. In my opinion, it feels like they might be trying to attract only high-capital traders, which could be a warning sign. This is something I would highlight in a kanak capital markets review as a potential red flag for anyone concerned about being scammed.

Broker Issues
Kanak Capital Markets
Kanak Capital Markets
Withdrawal
Deposit
03-02
United States
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