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Company Name
KENFORD
Company Abbreviation
KENFORD
Platform registered country and region
China
Company website
Pyramid scheme complaint
Expose
No data
No Regulation
Score
1.48 /10
Danger
KENFORD
2-5 yearsSuspicious Regulatory License
Suspicious Scope of Business
High potential risk
Add brokers
Comparison
Quantity 9
Exposure
Open Account
Website
Score
Regulatory Index0.00
Business Index6.78
Risk Management Index0.00
Software Index4.00
License Index0.00
The WikiFX Score of this broker is reduced because of too many complaints!
Open Account
Website
Licenses
No valid regulatory information, please be aware of the risk
VPS Standard
No restriction on the broker account. Support service provided by WikiFX
Single Core
1G
40G
open now
Broker Information
More
Check whenever you want
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Warning: Low score, please stay away!
2
Previous Detection :
2024-11-16
- It has been verified that this broker currently has no valid regulation. Please be aware of the risk!
- The number of the complaints received by WikiFX have reached 8 for this broker in the past 3 months. Please be aware of the risk and the potential scam!
WikiFX Verification
Exposure
9 pieces of exposure in total Pyramid scheme complaint
Expose Scam
The same platform as Foopu
Fraud platform, the same as Foopu. Unable to withdraw.
2020-08-30 13:53
Severe Slippage
Purposely manipulate the chart!
I've been a client of this broker only for a few weeks. My trading went smoothly ever since i opened an account with thebroker until recently. If you refer to the photo attached below, you can make a comparison of between the broker's chart and a different broker's chart. After i made a new deposit due to their interesting bonus, my position was liquidated out of nowhere. At that time, I placed the orders according to the signals given by the adviser (to sell 30 lots at 1,912.49). But the platform automatically closed my position soon after I noticed that the candles suddenly rose to 1,919.06. I was surprised and had a vague feeling that there was something wrong with the platform's data, which seemed like being manipulated. Therefore I compared it with the highs on other platforms in the same period and found that the later ones only ranged between 1,913 and 1,914. The KENFORD responded that “the reason for difference in the price vs other platforms is that there is a huge inflow of trade at that period.” This explanation, however, doesnt make sense at all as high liquidity will only keep prices stable rather than volatile.
2021-09-15 16:19
Others
Manipulated the chart prices.
Last October 23, 2020 8PM, Philippine Time I had a deal for XAUUSD pair. My capital at that time was $13,747 Sell: 1912.49, 30 lots(as adviced by the person who introduced the platform to me) Upon watching the movement of the candles, i noticed that it went up abruptly to 1919.06 and the platform automatically closed my deal. According to them, it was because my lot size was too high for my capital. But when I checked the High of other STP platforms High ranged between 1913 to 1914 only.
2020-11-06 16:42
Unable to Withdraw
Scam
I have 4.5k usd inside, broker said site is having maintenance but cant enter at all. cant find their name in mt4 too.careful, broker name is rita, either will contact u by whatsapp or wechat.
2021-01-28 21:23
Others
Unable to access to the web
There is also some money in my account. No customer service
2021-01-27 22:19
Resolved
Scam by a fraud group
Through Ig, an overseas Chinese from Singapore took the initiative to chat with me. Later, I added a Line conversation and talked about MT4 as an investment product. I was afraid but then I asked my colleagues to confirm that there was such an investment, so I actually recommended it to the overseas The analysts practiced with a simulated warehouse first, and they all made about 10% while doing their homework through the Internet, and believed that they could really invest and make money. At the beginning, they only deposited $1,000, made a profit of $500 and can withdraw $100. The analyst suggested that it is not easy to liquidate the position after entering 10,000 US dollars. I also told him that he has difficulties. The extra money can be invested every month. When I accumulate US$ 6,300, I will talk to the analyst for how many dollars I can trade, and I have also asked Whether there is a risk of liquidation in the customer service, the other party said that there is an automatic liquidation function, but the position was liquidated in the last transaction. Loss of 11312.47 US dollars. Some analysts with overseas Chinese. Kenford dealers have always blamed me for not depositing 10,000, which is obviously a kidnapping fraud. Good risk has not been deceived a second time. Reported to the local police station
2020-12-20 16:04
Unable to Withdraw
SCAMMER WHO MAKE UNABLE TO WITHDRAW & THE CS WANT TO ENTER TRADER ACC THEN MAKE THE BALANCE BANKRUPT
The KENFORDGLOBAL broker certainly a scammer organization to manipulate candle price and the CS act as a scam employee who ask me to give the MT account no to be traded until the balance deducted -$260 for available to withdraw the rest of the balance, and finally you guys can check the candle price i attach in this report and you can compare it with other broker which is at kenfordglobal they did manipulate the price till make your account bankrupt and they just gonna make some bullshit reason there was a sudden price. certainly they are garbage in Trading Industry, MT4 company should just reject their IP to be connected and traded in MT4.Becarefull i know KENFORDGLOBAL start from friendship in social media in Tinder, and they did use fake woman account or others to communicate with you and show you they able to gain alot in XAUUSD.You guys can check in your own broker and compare with the chart from Kenfordglobal that i already attach in here that show that KENFORDGLOBAL manipulate price candle as they like and show they are not a valid decent Brokerage.
2020-10-23 22:40
Scam
Fraud platform
I followed the analyst but my positions were wiped out. I asked them whether I can close my positions or not and they said yes. However, my positions were wiped out and they just passed teh buck to each other! And they told me to add more money and I can win my money back soon. I’m not foolish. If you have the time to scam people, why don’t you just earn money legally? Karma is like fate. You’ll be unished one day!
2020-12-09 12:05
9
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