KayaFX was an unlicensed Forex & CFD broker, that claimed to be owned by AlphaTec LTD. They are now out of business!
For withdrawal problems and complaints, read this.
WARNING!!! KayaFX is NOT Licensed or Regulated
Choose From The Best Forex Brokers
Our review of the broker KayaFX shows, that they offer investors the MetaTrader4 trading platform. You will find both the desktop standalone version, along with the web based and mobile versions. They offer hundreds of underlying assets for trading CFD’s including all the popular Major & Minor Forex Pairs, Market Indices, Stocks, and Commodities like Brent, Natural Gas, Coffee and Corn.
Their website and customer support is available in English, German, Spanish and Portuguese. Leverage on all Forex pairs is 100:1, and fixed spreads on EURUSD is 3 pips. Trading on leverage is very risky, and new traders should make sure they fully understand the risks associated with using margin.
There are 4 levels of account types, which offer various different benefits (see below).
When the Scam Broker Investigator reviews a new Forex broker to determine if they are a scam or legitimate company, the first thing we look for is a valid brokers license. The main reason investors always use an authorised and licensed broker is to be sure that your funds are kept safe in segregated accounts.
KayaFX is not a licensed broker!
Their listed address was at: Mazars House, Gelderd Road, Leeds, England LS27 7JN. They were previously owned by GammaTech Services OÜ, company number 14247106, located at; 14247106, Roosikrantsi 2-K 284, Tallinn, Harju Maakond, 10119 Estonia. Contact phone number was: +442037699927, and their compliance email address was: [email protected]
There are many online investing scams you should watch out for, learn more.
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Factors to consider when comparing Forex brokers include things like; Leverage, Spreads, Minimum Deposit / Withdrawals, Licensing and Regulator oversight.
Try their Free Demo Accounts on their unique trading platform, register here.
If you are an existing client of KayaFX, please share your trading experience with them, in the comments section below.