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Koderan Forex -

Score

1.58 /10
Danger

Koderan Forex

Belize

5-10 years

Suspicious Regulatory License

Suspicious Scope of Business

New Zealand Financial Service Corporate Revoked

Suspicious Overrun

High potential risk

http://www.koderan.net/en-us

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Comparison

Quantity 20

Exposure

Open Account
Website

Score

Regulatory Index0.00

Business Index7.55

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

VPS Standard
No restriction on the broker account. Support service provided by WikiFX

Single Core

1G

40G

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Broker Information

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Company Name

Koderan Forex Inc

Company Abbreviation

Koderan Forex

Platform registered country and region

Belize

Company website

Company summary

Pyramid scheme complaint

Expose

Check whenever you want

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Warning: Low score, please stay away! 7
Previous Detection : 2024-12-22
  • 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 19 for this broker in the past 3 months. Please be aware of the risk and the potential scam!

A Visit to Koderan in New Zealand - Fake Address

It is ascertained by the investigation staff that the address of Koderan is inconsistent with that from the regulatory information. Since the broker’s Belize IFSC licence(IFSC/60/466/FX/16) is an offshore licence and its New Zealand FSPR licence(No.404486) has been deregistered.

Danger New Zealand

WikiFX Verification

Exposure

20 pieces of exposure in total
Pyramid scheme complaint
Expose
Unable to Withdraw

Unable to withdraw

My withdrawal delayed for 3 days. Help.

2021-09-20 14:50
Scam

How can I recover my fund?

Unable to withdraw in this broker. And I need to pay unfreezing fund.

2021-02-25 14:05
Scam

Koderan induced novia to deposit fund. After 5 days’ training, the teacher took them to trade, keeping making losses.

Koderan induced novia to deposit fund. After 5 days’ training, the teacher took them to trade, keeping making losses.

2020-07-24 15:08
Unable to Withdraw

With the excuse of recruitment, Koderan covets clients’ fund largely.

With the excuse of recruitment, Koderan covets clients’ fund largely. It stipulated such levels as $3000 for primary and $10000 for advanced, only to covet clients’ fee and losses. It is simply a rip-off.

2020-04-29 12:18
Others

Scam platform, the spread is 4 times that of other platforms. It’s even harder to withdraw the principal, and the order is closed several times for no reason.

The order was closed several times for no reason

2021-03-25 16:07
Unable to Withdraw

Scam

Fraud broker. The speed of the withdrawal is so slow. Severe slippage.

2021-03-24 20:11
Resolved

Unable to withdraw

Apply for withdrawal on April 28, email reply accepted, no account has been received so far, suspected to be a false platform

2021-05-06 16:07
Unable to Withdraw

Individual income tax is needed

Their customer service told me that I must first pay more than 130,000 personal income tax, otherwise they will not transfer the money. I have consulted many professionals. This money is deducted from it. No additional payment is required. I communicated with them many times. No, it is said that the card number I withdrew was wrong. My card number was checked many times and it was correct.

2021-03-04 13:38
Unable to Withdraw

Unable to withdraw

The customer service did not reply for half a month.

2021-09-28 12:04
Others

Sharp difference on withdrawal rate

The deposit rate is more than 7.2, while the withdrawal rate is even less than 6.2, which is ridiculous.

2020-03-19 10:52
Unable to Withdraw

The withdrawal han't arrived

After applying for the withdrawal, I have not been able to receive it. The said 1 to 3 days, it is almost five days. what's the situation

2021-04-29 21:14
Others

Scam

You will be asked to deposit fund before entry, with threshold $1500. Then the basic salary corresponding to $3000, $4000 and $6000 is, namely, $3000, $6000 and $8000. For example, If your deposited $6000, then your would become 12 thousand. The company will require you to make profits by 14%. It won’t compensate your losses but ask for a 50% dividend. It stipulates that you must place orders everyday, with amount accounting 10% of the fund, during which time, it will ask you to add fund constantly.

2020-05-27 20:29
Unable to Withdraw

Unable to withdraw

My account did not receive the withdrawal. Fraud platform.

2021-09-16 20:44
Unable to Withdraw

Unable to withdraw

My withdrawal delayed more than 5 days and I could only wait. It was the same platform with ant technology.

2021-10-09 00:11
Unable to Withdraw

The principal of 10,000 US dollars cannot be withdrawn, so I almost jumped off the building

The principle was deceived and there is no response when I apply for withdrawal. The official webstie cannot be opened. I have no place to complain.

2022-05-18 21:00
Others

In Baotou, Inner Mongolia, a company that claims to be Koderan Forex recruits traders for forex speculation

In Baotou, there is a company called Viseno Technology Co., Ltd. which claims to be invested by Koderan Forex. Its China headquarters is in Beijing, and Baotou is a branch. They call people who are looking for a job on 58.com to recruit traders to trade forex. During one week of training, students are not allowed to communicate with each other. Except for classes, instructors called out each student to chat one-on-one. If a student is qualified, the company will pay half of the funds, and the individual will take out 40,000 yuan for forex transactions. If you make a profit, you give half of it to the company. If you lose money, the company says that they have a risk control department. When half of the deposit was lost, the company will withdraw their share. They promised that if I make a profit in the first month, they will return all my invested capital in the second month. The company will let you speculate in forex with a salary of 20,000 a month. I was fooled into training, but I did not invest after the training and resigned. I feel unreliable, do you think this is true?

2021-02-13 23:20
    Koderan Forex · Company summary

    Note: Koderan Forex's official website: http://www.koderan.net/en-us/ is currently inaccessible normally.

    Koderan Forex Information

    Koderan Forex is a brokerage company registered in Belize that provides various services and products covering forex, metal, and energy. However, the broker's official website has been closed, so traders cannot obtain more security information.

    Koderan Forex Information

    Is Koderan Forex Legit?

    Koderan Forex is authorized and regulated by the Financial Services Commission(FSC) and Financial Service Providers Register(FSPR), the current status is Revoked, which will increase trading non-compliance and reduce traders investment security. Caution is advised when dealing with Koderan Forex.

    Is Koderan Forex Legit?
    Is Koderan Forex Legit?
    Is Koderan Forex Legit?

    Downsides of Koderan Forex

    • Unavailable Website

    Koderan Forex's website is currently inaccessible, raising concerns about its reliability and accessibility.

    • Lack of Transparency

    Since Koderan Forex does not explain more transaction information, especially regarding fees and services, this will bring huge risks and reduce transaction security.

    • Regulatory Concerns

    The FSC and FSPR regulate Koderan Forex. However, the Revoked status is less safe than a regulated one.

    • Withdrawal Difficulty and Scams

    According to a report on WikiFX, a user encountered significant difficulties with fund withdrawals and suspicious scams. The issue remained unresolved despite the request being pending for a long time.

    Negative Koderan Forex Reviews on WikiFX

    On WikiFX, “Exposure” is posted as a word of mouth received from users.

    Traders must review information and assess risks before trading on unregulated platforms. Please consult our platform for related details. Report fraudulent brokers in our Exposure section and our team will work to resolve any issues you encounter.

    Negative Koderan Forex Reviews on WikiFX

    As of now, there are 20 pieces of Koderan Forex exposure in total.

    Exposure. Cannot withdraw & Scams

    ClassificationUnable to Withdraw & Scams
    Date2019-2022
    Post CountryHong Kong, China

    You may visit: https://www.wikifx.com/en/comments/detail/202205187362553046.html https://www.wikifx.com/en/comments/detail/208092889806599.html.

    Conclusion

    Koderan Forex Since the official website cannot be opened, traders cannot get more information about security services. In addition, the Revoked status indicates that this brokers trading risks are high. Traders can learn more about other brokers through WikiFX. Information improves transaction security.

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