Kalasantro has been flagged by Dubai Financial Services Authority for "Unregistered/Unlicensed entity offering financial products or services". The Dubai Financial Services Authority (DFSA) alerts the financial services community and the public to a scam in which a firm falsely claims to be regulated by the DFSA. The scammers, through their website ”kalasantro.com” claim to be authorised by the DFSA by:
- stating that “The compa... This company appears in our regulatory warnings database. Always verify with official regulatory sources before investing or doing business with this firm.
The platform at Kalasantro is riddled with bugs. Charts display incorrect data, order confirmations sometimes fail silently, and the portfolio tracker disagrees with actual positions. After since the beginning of the year of dealing with this, I have had enough.
Pros: Demo account available|Social trading features
Cons: Wait times can be long during peak hours|Limited social trading features
I trusted Kalasantro with a significant portion of my savings and I deeply regret that decision. Not because of market losses, but because of how poorly the platform performed and how dismissively the support team treated my concerns.
Pros: Helpful community forum|Multi-device support
Cons: Help articles are sometimes vague|Minimum deposit could be lower
Kalasantro offers copy trading. I copied a top trader. The copy trades often executed at worse prices than the original. When I asked why they said it was due to latency and liquidity. So the feature is broken or they are skimming. Either way I stopped using it.
Pros: Fast deposits|Great customer service|Multiple order types|Two-factor authentication
Cons: Currency conversion fee exists|No fractional shares
I invested $5,000 with Kalasantro after seeing their professional-looking website. At first, everything seemed fine - they showed me impressive returns on my dashboard. But when I tried to withdraw, they kept making excuses. First it was "processing time," then "verification needed," then "you need to pay a tax fee first." I never got my money back. I have since reported them to Dubai Financial Services Authority.
Pros: Initially responsive customer service
Cons: Blocked my account|No legitimate license|Fake returns
My withdrawal request from Kalasantro has been pending for over two weeks now. Every time I contact support, I get the same copy-paste response about processing times. This is unacceptable for a financial platform in this day and age.
Pros: High security standards|Automated trading options
Cons: Website design could be more modern
Several red flags with Kalasantro: (1) They promise unrealistically high returns, (2) They're not registered with Dubai Financial Services Authority, (3) Their contact information is vague, (4) They pressure you to deposit quickly. I recommend everyone do thorough due diligence before investing with any company.
Pros: Website looks legitimate on the surface
Cons: Flagged by Dubai Financial Services Authority|Cannot verify credentials
The mobile app from Kalasantro is dangerous. I placed an order that showed as pending, so I placed another. Both executed and I was overexposed. When I complained they said it was user error. The app design is misleading.
Pros: Demo account available|Social trading features|Quick verification|Educational resources
Cons: None so far|No dark mode on mobile
I signed up with Kalasantro after seeing their ad online and the first red flag was the aggressive account manager who would not stop calling. After depositing, the promised support vanished. Withdrawals are delayed with endless excuses. I have reported them to the regulator.
Pros: Tax reports included|Dividend tracking
Cons: Account statements could be more detailed
Kalasantro changed their fee structure with one month notice. What was a flat fee became a percentage. For my account size it meant a huge increase. When I objected they said I could leave. So I am leaving and writing this review.
Pros: High security standards|Fast deposits|Intuitive for beginners
Cons: Minor UI glitches occasionally|Desktop app not available on Linux
Customer support at Kalasantro seems to be run by people who have never used the platform. Every time I call with an issue, I end up explaining how their own system works before they can help me. It would be funny if my money was not involved.
Pros: Multi-currency support|Customizable dashboard
Cons: Nothing significant|Wait times can be long during peak hours