Cryptocurrency Exchanges

Kewodex

1.8 (13 reviews)
🇳🇿 New Zealand
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1.8
13 reviews
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About Kewodex

Kewodex has been flagged by Financial Markets Authority for "Unregistered/Unlicensed entity offering financial products or services|Fraud ...". This company appears in our regulatory warnings database. Always verify with official regulatory sources before investing or doing business with this firm.

Customer Reviews

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Duplicate charges on my card

E
Ella X.
4 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. Kewodex said it was market conditions. Same news, another broker filled me properly. They are not honest.

Pros: Customizable dashboard|Clear documentation|Fast support response

Cons: Research section could be deeper|Wish they had more educational resources

Beyond repair at this point

M
Miles O.
4 months ago

Customer support at Kewodex 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: Social trading features|Automated trading options|Full transparency|No hidden fees

Cons: Nothing significant|Withdrawal takes 1-2 business days

Rejected my profitable withdrawal

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Hugo E.
5 months ago

Do not use Kewodex for anything serious. I used them for a few weeks now for small trades and it was okay. When I deposited a larger amount and traded more, my account was flagged, my withdrawals were delayed, and I was asked to explain my trading. They treat active traders like criminals.

Pros: Low minimum deposit|Market news feed|Multi-device support

Cons: Currency conversion fee exists

Do your due diligence first

M
Michael J.
6 months ago

I looked into Kewodex and found they appear in the regulatory warnings database. Financial Markets Authority has issued a notice about this firm. Whether this is a misunderstanding or a serious concern, the fact remains that proper due diligence is essential. Always verify the regulatory status of any company before investing your hard-earned money.

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

Ombudsman said they are uncooperative

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Jessica F.
6 months ago

The platform at Kewodex is riddled with bugs. Charts display incorrect data, order confirmations sometimes fail silently, and the portfolio tracker disagrees with actual positions. After for about ten months of dealing with this, I have had enough.

Pros: Full transparency|Stable platform

Cons: Limited ETF selection

Slippage always against the client

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Monica P.
7 months ago

I trusted Kewodex 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: Automated trading options|Multi-currency support|Risk management tools|Stable platform

Cons: Help articles are sometimes vague|Research section could be deeper

Red flags everywhere

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Jennifer N.
8 months ago

I was about to invest with Kewodex but decided to check their regulatory status first. They claim to be regulated but I could not find them on any official register. Financial Markets Authority has actually issued a warning about this firm. Thank goodness I checked before sending any money.

Cons: Flagged by Financial Markets Authority|Cannot verify credentials

Regulator has warned about them

K
Kayla B.
9 months ago

I gave Kewodex a fair chance. After for about three months of usage, I can say with confidence that there are far better options available. The interface is clunky, the fees are higher than competitors, and the customer support team seems overwhelmed or understaffed.

Pros: Tax reports included|Great customer service|Multiple order types

Cons: Minor UI glitches occasionally

Misleading advertising

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Elizabeth J.
1 years ago

Their two-factor authentication was optional when I joined. I enabled it. Later I lost my phone and could not log in. Kewodex recovery process took 3 weeks and required notarized documents. By then I had missed important trades. Their security is your inconvenience.

Pros: Quick verification|Great customer service

Cons: None so far|Could offer more webinars

Labeled as bonus abuser

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Nathan R.
1 years ago

Kewodex 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: Full transparency|Two-factor authentication|Multi-device support

Cons: No live chat on mobile|Could offer more webinars