Kardon Capital is an unregulated CFD Broker, that opened in January 2021. A year later, the FCA woke up and issued a warning to investors not to use this broker.
The Official website was at: https://kardoncapital.com/, but that website is no longer working. A duplicate website was found at: https://kardonc.com/ also not working now. Contact phone number: +441133284817. Email address is: [email protected].
For complaints and withdrawal problems, read this.
Kardon Capital Broker Review
Our exhaustive review of the new broker Kardon Capital finds; that they are offering their clients only a web-based trading app. It is a basic CFD trading app, made by Trading Technologies. The trading app is what called a white label, and it is used by many different brokers. It is not hosted on their website, rather it is available at: https://web-trader.online/
If you take a look at the screenshot shown below, you will see what their web-based trading app looks. The trading platform offering charting from TradingView. Default margin rate is set at 100:1, and your can change it if you want, to as high as 300:1. Demo trading accounts are not offered, and neither is the MT5 trading platform or mobile trading apps available.
Like most CFD brokers, you will find a long list of underlying assets available for CFD trading including; Shares, Crypto Currency, Forex Pairs, Stocks, Commodities and Market Indexes. Their website is available in more than 20 languages. Minimum deposit to start trading at Kardon Capital is $250. After we registered, we received an email asking us to make a deposit at: https://gatewaysapi.com.
Get Rich Quick Warning!
Like all investors, we found the brokers at Kardon Capital, because we signed up for an Crypto trading app called MetaProfits. The truth is that there is no trading app which automatically trades for you. Instead, you will receive a phone call asking you to invest $5,000 with their “expert senior trader”.
For a detailed explanation of how the scam operates, Read this article.
Once you have read that, you should first try making money at a licensed broker that offers Trading Central alerts, see here.
Is Kardon Capital a Regulated Broker?
No, Kardon Capital is not a licensed broker or a regulated broker.
According to the email they sent, that are connected with Kardon Holding PTY LTD, which is not actually true. On their website, they list a fake address of: Business Park UDD North Holland Netherland.
The easy way to know if a broker is legitimate or a scam is by verifying their license. If your broker is not licensed and regulated by the government, then they are an offshore scam. Forex & Crypto CFD brokers in Spain must be licensed by the CNMV, while brokers in England must be licensed by FCA.
There is no good reason to invest your money with an offshore broker, because a regulated broker offer the same services and better. You can find popular brokers that are licensed and regulated listed here.
Compare Popular Brokers
There are many Crypto and Forex CFD brokers to choose from online, therefore, you should first look at some popular licensed brokers.
If you are currently investing at this broker, please share your experience in the comments below.