Kelmux (kelmux.com) has been flagged by ASIC (Australia) for "Unlicensed". Addresses: Birkirkara, Malta This company appears in our regulatory warnings database. Always verify with official regulatory sources before investing or doing business with this firm. Website domain: www.kelmux.com.
The so-called education at Kelmux (kelmux.com) is just marketing. Every webinar ends with a push to deposit more. The market analysis is generic and often wrong. If you want real education go elsewhere. I wasted since last summer thinking they would help me learn.
Pros: Easy to use platform|Economic calendar
Cons: Website design could be more modern|Limited ETF selection
I wanted to transfer my portfolio from another broker to Kelmux (kelmux.com). They said they do not accept in-kind transfers for my asset type. I had to sell, withdraw, deposit, and rebuy - incurring taxes and spread costs. They did not tell me this before I signed up.
Pros: Good analytical tools|Automated trading options|Full transparency
Cons: Limited cryptocurrency options|Alert system is basic
Kelmux (kelmux.com) 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: Regular updates|Excellent charting|Easy withdrawals|Automated trading options
Cons: Alert system is basic|Desktop app not available on Linux
Kelmux (kelmux.com) advertises low fees but once you dig into the fine print, there are numerous charges that add up quickly. Inactivity fees, withdrawal fees, currency conversion fees - it all eats into your returns. I wish I had read the terms more carefully.
Pros: Market news feed|Educational resources|Regular updates|Multi-device support
Cons: Mobile app could be improved
I signed up with Kelmux (kelmux.com) when my bank disappointed me and I searched for alternatives 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: Good analytical tools|Great customer service|Two-factor authentication|Customizable dashboard
Cons: Currency conversion fee exists
I trusted Kelmux (kelmux.com) 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: Customizable dashboard|Dedicated account manager
Cons: Mobile app could be improved