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.
I experienced a security concern with my Kalasantro account and reported it immediately. Their response time was inexcusable for a financial platform. It took them four days to acknowledge my report and another week to actually address it.
Pros: Copy trading available|Detailed reporting|No hidden fees|API access
Cons: Limited social trading features|No dark mode on mobile
I joined Kalasantro after reading several online reviews and from the start, things felt off. The signup process collected far more personal information than necessary, the verification took unreasonably long, and when I finally got access, the platform was nothing like what was advertised.
Pros: Easy to use platform|Wide product range|Economic calendar|Dividend tracking
Cons: Limited social trading features|Email notifications too frequent
I referred a friend to Kalasantro after a friend recommended them. We both deposited. The referral bonus never arrived. Support said we did not meet the terms. When we asked which terms they pointed to a clause that was added after we signed up. Shady.
Pros: Stable platform|Automated trading options|Risk management tools|No hidden fees
Cons: No integrated tax optimization
Do not believe the bonus offer from Kalasantro. The turnover requirement is designed so you can never withdraw. I learned the hard way. I deposited after a trusted YouTuber reviewed them and the bonus terms were buried in pages of small print. My fault for not reading but their design is predatory.
Pros: Clear documentation|Clean UI
Cons: No dark mode on mobile