KronoInvest

Is KronoInvest worthy of your deposit, or is it a broker that should be kept locked away? Read on to find out.

KronosInvest claims to be operated by KronosInvest Limited and that is where the information stops. There is no indication of a regulator, no address, not anything. With such brokers, we must always conclude that they are unregulated because if they did have a license they would proudly wave it in front of our faces. So to conclude, KronosInvestis UNREGULATED.

We urge traders to trade with regulated brokers under the gaze of such agencies as the FCA which not only enforces a strict set of rules and demands detailed reports on company activities, but also includes a compensation fund of up to £85 000 for victimized traders resulting from insolvent brokers.

The EUR/USD spread as seen on the trader is 3 pips on one trader, and 1,8 pips on the other. This huge difference in spread from platform to platform is exemplary of shady brokers.

The leverage that we were offered when opening an account with the MT4 was 1:100.

The broker is offering cryptocurrencies, forex pairs, indices, shares, and commodities.

The only language offered on the website is English.

KRONOINVEST LOGIN

The broker offers two platforms: and MT4 and a proprietary Kronos Invest

KRONO INVEST

This trader is very attractive, but is basic. There are options for customization, pending orders, multiple chart indicators, time frames, and a decent amount of trading information. All in all this trader is quite decent.

The spread here is 3 pips, and this is where we are reminded that the broker is a complete scam. 3 pips is way too high a value to be in any way profitable to traders.

There are no commissions mentioned on spreads.

This trader is solely browser based.

METATRADER 4

Metatrader 4 still holds on its own when it comes down to delivering what is necessary. The functionalities are all there including drag and drop charts, user friendly accessibility and multiple order types. With MetaTrader 4 you can set automatic trading bot to do your deals for you while you preoccupy your time with different activities.

The leverage is 1:100, and the EUR/USD spread here is 1.9 pips, which is an improvement over the Krono Invest platform, but it’s still too high a cost of trade to be considered favorable fro the trader.

The platform can be reached as a desktop traders, on Apple and Android devices, and on a browser.

KRONOINVEST MINIMUM DEPOSIT

The minimum deposit is $250.

Funding methods are Paytrio, VoguePay, Credit Card, and Crypto. This was taken directly from the client dashboard.

Due to the broker’s lack of any regulation, we advise against depositing any amount whatsoever. If traders wish to invest in online forex, they will find that any FCA/CySEC regulated broker will surely do. These agencies are at the top of their game, demanding a strict conduct from brokers, and requiring regular reports on their activities.

DON’T PROVIDE YOUR CREDIT CARD CVV CODE

For safekeeping your money NEVER share your credit card number and CVV code with a salesperson. All online payments require this 3 digit number in order to complete purchases or transactions, and by giving yours away to some offshore broker may lead only to the complete drainage of funds from your credit card.

DON’T PROVIDE ACCESS TO YOUR COMPUTER AND BANK ACCOUNT VIA ANYDESK OR TEAMVIEWER

This broker has sneaked in the AnyDesk software as means for traders to receive help; it’s located on the bottom right of the screen on the website. 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, often times 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.

KRONOINVEST WITHDRAWAL TIME AND FEES

The minimum withdrawal amount is not indicated. We assume that one must deposit first in order to withdraw.

Withdrawals are usually processed between 2-5 days.

The Terms and Condition talk of fees, but never clarify just how much they are:

Bonuses can only be withdrawn if if a trading volume of 30x is achieved first.

ADDITIONAL FEES AND TAXES

The ridiculous 3 month dormant account fee is 10% of your funds every month after the passing of the first three months.

Unregulated brokers do not care who you are and what your situation is; all they see is money, and they will trick you into giving it to them every chance they get. It is only logical then, that any attempt at withdrawing will be unsuccessful. The most popular excuses for denying your withdraw requests are usually smart and for the most part scripted. These include but are not limited to loopholes in the T/C, asking for more deposits in order to withdraw, or just prolonging your pending withdrawal by claiming that the market will suddenly propel, multiplying your winnings by unrealistic proportions.

ACCOUNT VERIFICATION

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!

BOTTOM LINE

KronosInvest is sounds epic in proportion, but in fact it is only an epic fail. Stay away if you value your investments.