Warning! Keler Group is an offshore company! Your deposit may be at risk.
RECOMMENDED FOREX BROKERS
Keler Group cannot hide its true colors, and it really does not care to so so. The moment we landed on its website was the moment we knew we would be dealing with an unregulated entity. Read on to find out all about this one.
Altogether, from the legal document we learn the typical offshore broker claim; that the company is not available to users of certain jurisdictions where its usage would be contrary to local laws. Such claims are incredibly ambiguous, and have layers of meaning. Not once does the broker specify which jurisdictions it allows and which ones it does not.
The main address of registration is said to be in Switzerland, out of all places. So, if we are to follow the broker’s claim, this would mean that the company is authorized in Switzerland to provide legal FX services. This would be the case if Keler Group was a muliti million dollar firm with multiple ties to global financial institutions as well as a license from the Swiss Financial Market Supervisory Authority (FINMA), which is considered to be the most authoritative regulator in Europe, and also the world. We cannot see a scenario in which Keler Group is legitimized by it.
There is no further information that we could gather that would make a difference to our argument. The broker is clearly unregulated and a risk to all.
Investing in unregulated brokers is the digital equivalent of throwing your money away for the wind to disperse it. It’s obvious that no one would do such a thing. Go with brokers that are regulated by trustworthy organizations like the FCA or CySEC. These entities work closely with the law, enforce it when called for, and have strict requirements for those under their gaze. Not to mention that those under their jurisdiction are members of compensation funds that cover victimized clients’ losses of up to £85 000 (FCA) and €20 000 (CySEC).
The registration process was easy to complete, telling us that the company will grant access to just about anyone.
The client area may look like the terminal of some space ship, but in fact things are quite simplistic and there is not too much to it in the end. The same principle is applied to the web trader; it may seem advanced but in reality it barely covers the basic requirements.
From this software we learn that users can trade with stocks, commodities, cryptocurrencies, and indices. There was no getting the leverage out from the user area. The website is also quite uninformative in this regard.
KELER GROUP LOGIN
Behold, the web trader, the one thing that most legit brokers tend to focus on, whereas here it’s an afterthought, if that at all!
The sheer lack of features and options is obvious, and this leaves us wanting so much more than what we get. It’s really lackluster, and clients can barely even buy and/or sell assets in the first place. It’s the typical scammer broker web trader.
KELER GROUP MINIMUM DEPOSIT
The user area reveals that the payment methods are either a wire transfer or a crypto-based wallet.
The minimum deposit requirement is $250.
As tempting as it may seem, these two payment methods are untraceable, especially the crypto one, and are a huge risk!
DON’T PROVIDE YOUR CREDIT CARD CVV CODE
The CVV code is the one thing that separates a buyer from a product. Without it, one cannot complete a purchase, even if him/her has given all other necessary information. By giving this detail to someone else, you are essentially inviting them to use your funds for their own means. And be warned that unregulated brokers most certainly plan to do so.
DON’T PROVIDE ACCESS TO YOUR COMPUTER AND BANK ACCOUNT VIA ANYDESK OR TEAMVIEWER
Be sure to never give AnyDesk or TeamViewer access to your PC to unverified agents. These 2 platforms allow for your PC to be taken over by a second party, oftentimes for help or guidance, but in the case of these brokers for the sole purpose of looting your bank account(s) and personal information. However, in order to do so your consent is needed, and this is the only thing standing in the scammers’ way.
KELER GROUP WITHDRAW TIME AND FEES
Interestingly enough, the only way to withdrawal funds is by means of a crypto wallet, and this is from the client portal, meaning that it’s true. Although, there is no guarantee that the money will ever be withdrawn.
According to the Deposit & Withdrawal Policy, the minimum withdrawal amount is $100, and it takes anything between 1 to 6 days to process a request once it has been issued.
There are charges mentioned in the legal documents but it is close to impossible to determine how and when they apply. Moreover, the broker is perpetually contradictory to its own claims, further confusing us and other scrupulous users. The end result is a broker that probably charges a range of fees and commissions, and thus adding another reason why users should not invest in it!
Beware, once more, when giving away an ID and a proof of address. Trustworthy brokers ask for these before traders can deposit to make a check up. Deceitful ones will ask for these details, using the anti-money laundering legislation as pretext, once you start asking too many questions and are getting suspicious of their activities. Understand that they will use these to build a stronger case against you in the event that you request a chargeback.
Yet again we urge readers to stay away from this broker as it will, without a doubt, never return your funds and profits. If you wish to to get smooth and efficient transactions, please visit a FCA/CySEC regulated broker, where all withdrawals are handled with care and respect.
HOW TO RECOVER
The most sound advice we could give you is to immediately file for a chargeback with you credit card company.
If you have given away your credit card details including the CVV code to the “broker” you should cancel it ASAP and check with your bank to see the damage inflicted.
Also, beware of self proclaimed “recovery” agencies or agents. These cheeky scammers promise to fix your problem and restore the lost funds. They offer their services in exchange of a small sum from your end, after which you won’t ever hear from them again.
The last line of defense for these indecent folk is more like a desperate cry: often times they will comment on reviews and cite the whole ordeal as a conspiracy initiated by competitive brokers against them; at times even claiming that reviewers are anything but objective, and that no one writes good reviews. The absurdities are limitless!
Keler Group is an unmistakable scammer broker. It’s a classic one, and a dying sort, but nevertheless a pure risk and fraud!