Forex Brokers

KCM Trade Limited (Imposter)

1.3 (13 reviews)
🇳🇿 New Zealand
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1.3
13 reviews
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About KCM Trade Limited (Imposter)

KCM Trade Limited (Imposter) has been flagged by Financial Markets Authority for "Registered/Licensed entity impersonators|Fraud and Other Types of Misconduct". This company appears in our regulatory warnings database. Always verify with official regulatory sources before investing or doing business with this firm.

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Customer Reviews

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How are they still in business

P
Paul J.
1 weeks ago

The mobile app from KCM Trade Limited (Imposter) 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: Customizable dashboard|Detailed reporting|Multi-device support|Fast support response

Cons: None so far

Inactive account fee with no warning

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Vanessa S.
3 weeks ago

Opened my account with KCM Trade Limited (Imposter) after seeing their ad online and regretted it within the first month. The platform crashed during a critical moment, I lost potential gains, and support basically told me it was not their problem. Absolutely unacceptable behavior.

Pros: Real-time alerts|Fast deposits|Stable platform|Comprehensive tools

Cons: Live chat only during business hours|No crypto staking

Live chat is a bot that helps nobody

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Helen Y.
1 months ago

Where do I even begin with KCM Trade Limited (Imposter)? since last summer of broken promises, unanswered tickets, and a platform that feels like it was built in 2010. They spend more on marketing than on actually improving their service. Stay away from this company.

Pros: Competitive fees|Segregated accounts|Copy trading available

Cons: No fractional shares|No dark mode on mobile

Important information for potential investors

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Samantha R.
1 months ago

For anyone considering KCM Trade Limited (Imposter), please be aware that this company has been flagged by Financial Markets Authority. This does not necessarily mean they are a scam, but it does mean they may not be authorized to operate in certain jurisdictions. I strongly recommend checking the official regulator website before making any investment decisions.

Cons: Listed in IOSCO I-SCAN|May not be authorized in your jurisdiction

Unprofessional and unreliable

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Ella E.
4 months ago

I experienced a security concern with my KCM Trade Limited (Imposter) 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: Fast support response|Full transparency|Personal attention|Responsive team

Cons: None so far

Currency margin requirements unclear

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Ruby I.
4 months ago

KCM Trade Limited (Imposter) had an outage that lasted several hours during a major market event. Not only did they fail to prevent it, but they also failed to communicate what was happening. We were left in the dark while our investments were at risk.

Pros: Instant funding|Social trading features|Comprehensive tools|Economic calendar

Cons: None so far|Minor UI glitches occasionally

Red flags everywhere

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Emma I.
6 months ago

After seeing ads for KCM Trade Limited (Imposter) online, I investigated. The company is listed in the IOSCO I-SCAN warnings database and has been flagged by Financial Markets Authority. Their website looks professional but that means nothing - many scam operations invest heavily in appearance. Always check the regulatory warnings before investing.

Pros: Website looks legitimate on the surface

Cons: Unauthorized firm|Found in IOSCO warnings database

Platform crashes at the worst times

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Lindsey M.
7 months ago

KCM Trade Limited (Imposter) has no proper customer support. The live chat is a bot. The phone number goes to a call center that cannot access your account. Email takes two weeks. When I had a real problem they were nowhere to be found.

Pros: Helpful community forum|High security standards|Low minimum deposit|Multiple order types

Cons: No live chat on mobile|No dark mode on mobile

The fine print will get you

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Jasmine N.
8 months ago

Their execution during news is terrible. I had limit orders in place. When the news hit, my orders were not filled at the limit price - they were filled much worse. KCM Trade Limited (Imposter) said it was market conditions. Same news, another broker filled me properly. They are not honest.

Pros: Two-factor authentication|Multi-currency support|Segregated accounts

Cons: Desktop app not available on Linux|Charting tools need more indicators

Total fraud - reported to authorities

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Victoria I.
9 months ago

Tried to withdraw my funds from KCM Trade Limited (Imposter) and was told I needed to pay a "withdrawal tax" of 20%. This is a red flag. No legitimate broker charges withdrawal taxes. When I refused, they became aggressive and eventually stopped all communication. My entire investment is gone.

Cons: Blocked my account|No legitimate license|Fake returns