www.kowela.com has been flagged by AMF (France) for "Unauthorised". Category: Forex 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.kowela.com.
Do not believe the bonus offer from www.kowela.com. The turnover requirement is designed so you can never withdraw. I learned the hard way. I deposited through a financial advisor and the bonus terms were buried in pages of small print. My fault for not reading but their design is predatory.
Pros: Competitive fees|Smooth onboarding|Segregated accounts|Clean UI
Cons: Slow to add new assets
www.kowela.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: Quick verification|Good analytical tools|Regular platform improvements
Cons: Spreads widen during volatile periods
The platform itself is okay, but the customer service at www.kowela.com is truly awful. I waited weeks for a response to a simple inquiry. When they did respond, it felt like a generic template that did not address my specific issue at all.
Pros: Good mobile app|Multi-currency support|Easy to use platform|Helpful community forum
Cons: Help articles are sometimes vague
I trusted www.kowela.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: Fast deposits|Low minimum deposit|Professional team|Transparent fees
Cons: Nothing significant
I had high hopes for www.kowela.com after a family member had a good experience, but my experience has been disappointing. Customer support is slow, the platform has frequent issues, and their fee structure is not as transparent as advertised. I am actively looking for alternatives now.
Pros: Professional team|Stable platform|Economic calendar|Detailed reporting
Cons: Inactivity fee applies after 12 months|Account statements could be more detailed
I had a dispute with www.kowela.com and went to their complaints process. They have an internal team that just defends the company. Then they said I could go to an ombudsman - but the ombudsman they use is industry-funded and rarely rules for the client. The system is rigged.
Pros: Transparent fees|Social trading features
Cons: Inactivity fee applies after 12 months|Limited cryptocurrency options
I lost a significant amount because www.kowela.com did not execute my stop loss during a flash crash. They said the market was illiquid. Other brokers managed to execute. I have no proof they did not trade against me. Avoid.
Pros: Copy trading available|Risk management tools|Low minimum deposit
Cons: Would like more payment methods|Limited demo account features
www.kowela.com 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: Competitive fees|Quick verification|Fast execution|Instant funding
Cons: Help articles are sometimes vague
I have been trying to close my account with www.kowela.com for weeks now and they keep giving me the runaround. First it was a form to fill out, then identity verification again, then a mandatory phone call that never gets scheduled. They make leaving impossible.
Pros: Helpful community forum|Dividend tracking|Fast deposits|Customizable dashboard
Cons: Limited ETF selection|Charting tools need more indicators
I am in a dispute with www.kowela.com over a trade that was clearly erroneous. The price shown was wrong, I closed at a profit, and they reversed the trade and took the money back. They said it was a system error. So I lose and they keep? Unacceptable.
Pros: Easy to use platform|Demo account available|Automated trading options|Professional team
Cons: Wish they had more educational resources|Limited cryptocurrency options