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Score

2.17 /10
Danger

Kumo Markets

Saint Vincent and the Grenadines

2-5 years

Suspicious Regulatory License

High potential risk

https://kumomarkets.com

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Comparison

Quantity 2

Exposure

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Website

Score

Regulatory Index0.00

Business Index6.83

Risk Management Index0.00

Software Index8.58

License Index0.00

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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

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Company Name

Kumo Markets Ltd

Company Abbreviation

Kumo Markets

Platform registered country and region

Saint Vincent and the Grenadines

Company website

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Company summary

Pyramid scheme complaint

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Warning: Low score, please stay away!
Previous Detection : 2024-11-11
  • It has been verified that this broker currently has no valid regulation. Please be aware of the risk!

WikiFX Verification

Exposure

2 pieces of exposure in total
Pyramid scheme complaint
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Others

THIS BROKER IS SCAM

i have traded with sl and tp and broker fail to close my orders. live chat never works...

FX4255247862
2021-10-18 10:45
Scam

KYC VERIFIED AND DONT PROCEED MY WITHDRAWAL. SCAAAAM

I opened an account with KmoMarkets and to have the account operating and able to deposit and withdrawal i had to pass the KYC which was send my ID front and back and a proof of address. I sent all the documents they asked and i had my account verified couple days latter. After a few days i deposit via BTC ( they only offer crypto as a payment method ). I operate and i decided to withdrawal few days latter and i got an email 3 days latter that i need to send more documents in order for them to proceed my withdrawal even with my account fully verified and KYC also fully verified. Well now is going to be 2 weeks when they dont release my inicial deposit and my profits. I call this a SCAM and also say that be really careful, dont operate with this company. I tried many times to solve this smooth as possible but they dont proceed with my withdrawal of 3540$.

chavmarlon
2021-10-09 11:15
Kumo Markets · Company summary
Kumo Markets Review Summary
Founded2020
Registered Country/RegionSaint Vincent and the Grenadines
RegulationNo Regulation
Market Instruments24 cryptocurrencies, 65 currency pairs, Commodities, Indices
Demo Account❌
LeverageUp to 1:500
EUR/USD Spread1.8 pip (STP Standard)
Trading PlatformsMT4
Minimum Deposit$100
Customer SupportContact form, live chat
Phone: +44 2080950469
Email: support@kumomarkets.com
Address: 65 LONDON WALL, LONDON, ENGLAND, EC2M 5TU. J.JASINSKIO G.16, LT-03163 VILNIUS

Founded in 2020, Kumo Markets is an unregulated financial company based in Saint Vincent and the Grenadines. It offers 24 crypto currencies, 65 currency pairs, Commodities, and Indices trading with MT4 platform.

Kumo Markets' homepage

Pros and Cons

Pros Cons
A wide range of productsNo regulation
Diverse account typesRegional restrictions
Multiple customer support channelsNo demo accounts
Low minimum deposit
Flexible leverage ratios
MT4 platform

Is Kumo Markets Legit?

At present, Kumo Markets lacks valid regulation. Its domain was registered on Feb 8, 2020, and the current status is “client Delete Prohibited, client Renew Prohibited, client Transfer Prohibited, client Update Prohibited”. Please pay high attention to the safety of your funds if you choose this broker.

Domain information

What Can I Trade on Kumo Markets?

On Kumo Markets, you can trade with 24 crypto currencies, 65 currency pairs, Commodities, and Indices.

Tradable Instruments Supported
Forex✔
CFDs❌
Commodities✔
Indices✔
Cryptocurrencies✔
Shares❌
ETFs❌
Bonds❌
Mutual Funds❌
What Can I Trade on Kumo Markets?

Account Type/Leverage/Spread & Commission

Kumo Markets provides STP Standard, ECN PRO, CORPORATE accounts.

STP StandardECN PROCORPORATE
Minimum Deposit$100$1,000$50,000
LeverageUp to 1:500Up to 1:100
EUR/USD Spread 1.8Nearly 0/
Commission$0$8$6
Account comparison

Trading Platform

Kumo Markets provides MT4 platform available for bith windows and android.

MT4

Deposit and Withdrawal

Kumo Markets supports cryptocurrencies and bank transfers for deposits and withdrawals.

Payment MethodMinimum Deposit AmountMinimum Withdrawal AmountDeposit FeeWithdrawal Fee
Cryptocurrencies100 USD50 USD1%0%
Bank transfers5000 USD/1000 EUR2%0%

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User comment

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Comments

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CUI
more than one year
I am not sure how it works in every country but I have found their customer support excellent. I started with a demo account and a member of their team called me to introduce themselves and tell me they are my account manager. After I received all the educational content they send to your email I eventually created a real account and have been trading with them since lockdown.
I am not sure how it works in every country but I have found their customer support excellent. I started with a demo account and a member of their team called me to introduce themselves and tell me they are my account manager. After I received all the educational content they send to your email I eventually created a real account and have been trading with them since lockdown.
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2024-06-20 18:26
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