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Keler Group Review – Reasons to Avoid KelerGroup.Com Broker
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In today’s global markets, there are too many shady brokerage firms infecting the forex trading industry. In our goal to help traders recognize and avoid fraudsters, we have written this article to warn against Keler Group.
So, who is the Keler Group aka CFG? We can tell that it is not what it claims to be. According to its website, it is allegedly a crypto asset broker providing online financial trading services based on a customer-oriented approach.
This fake broker is only good at cheating people. It uses falsehoods to build the reputation of a genuine online financial trading company, misleading people with unsupported statements such as that almost half a million users are trading at Keler Group with over 1B dollars.
So, please continue reading our Keler Group review to find out all reasons to avoid the KelerGroup.com broker.
|Minimum Deposit||250 USD|
|Broker Type||Crypto broker|
Is Keler Group Legit or Scam? Regulation
If you are wondering if Keler Group is legit or a scam, then the answer is simple—it is an outright scam broker, and here is why. First, it is blacklisted by two major watchdogs, i.e., the Spanish CNMV and the Italian CONSOB.
Second, it is reportedly headquartered in Switzerland but no proof of that in the Swiss Company House. Anyway, even if it is based in this country, it has to be authorized by the Swiss financial market regulator, FINMA, which is not.
In addition, Switzerland is one of the top jurisdictions, having strict regulations. Its financial authority FINMA requires a minimum operating capital of 20M CHF as a licensing precondition. But it also covers traders with up to 100K CHF indemnity in the case of a broker’s insolvency.
Overall, Keler Group is an anonymous and unlicensed brokerage firm, and as such, it can be involved in fraudulent trading activities and get away with it. If you want to trade safely, we recommend investing with brokers licensed under premium supervisory bodies like FCA, BaFin, CySEC, and FINMA.
Keler Group Trading Software Overview
Regarding Keler Group trading software, this unscrupulous broker gives false promises to traders that they will enjoy profitable trading at its innovative, intuitive, and convenient trading platform. However, it is yet another baseless statement since its software can’t be nearly as good as modern trading programs (e.g., MetaTrader 4, MetaTrader 5, cTrader, and Sirix). They are widely used due to being reliable, accessible on different devices, and having a range of cutting-edge tools like stop loss, automated trading, social trading, and market analysis. So, instead of taking chances with Keler Group’s manipulative trading software, you better stick with credible companies providing the above-mentioned platforms.
Account Types Option at Keler Group
When it comes to the type of Keler Group accounts, this phony broker offers several options.
- Basic: 250 USD minimum deposit, 1:30 leverage, 10% bonus.
- Bronze: 2,500 USD minimum deposit, 1:50 leverage, 15% bonus.
- Silver: 10,000 USD minimum deposit, 1:100 leverage, 20% bonus.
- Gold: 25,000 USD minimum deposit, 1:200 leverage, 25% bonus.
- Platinum: 100,000 USD minimum deposit, 1:250 leverage, 30% bonus.
- Diamond: 250,000 USD minimum deposit, 1:500 leverage, 50% bonus.
- VIP: 500,000 USD minimum deposit, 1:1000 leverage, 100% bonus.
In addition, Keler Group offers high leverage despite it being limited to 1:30 for retail clients in most jurisdictions. Also, bonuses are prohibited by many financial authorities because of misuse.
Comparing the 250 USD minimum opening balance to the industry standard, it is several times higher than average. Thus, it is completely needless to risk your funds with this broker scam when you can start trading with genuine companies for as little as 10 USD.
Trading Instrument Available
Concerning Keler Group trading instruments, traders reportedly have access to over five hundred crypto assets including the following currency pairs: Bitcoin/Ethereum, Tether/Dogecoin, and Litecoin/Ripple. This bogus brokerage company guarantees transparent trading fees and ultra-low commission—starting at 0.1% and with rollover fees of 0.2%. Likewise, it assures traders that their funds are fully protected. However, we are wondering how it is possible when it is an unauthorized broker and an exposed investment scam.
Deposit and Withdrawal Process
Customers can only use crypto wallets to deposit and withdraw money from their accounts at Keler Group. This wouldn’t be suspicious if we talked about legitimate brokers. However, since the Keler Group broker is a pure financial swindler, this raises an alarm. Fraudulent brokerage firms accept only crypto payments as a funding method because they are hard to cancel and track. Unlike them, valid forex providers support safe means of payment such as credit/debit cards and bank transfers.
Additionally, Keler Group claims that you won’t be charged any fees for making deposits and withdrawals. Anyhow, bear in mind that there are no money withdrawal guarantees with a fraudulent broker. So, think twice before investing your hard-earned money.
Keler Group Scammed Me – How Can I Recover My Money?
Online trading scams are appealing and hard to identify sometimes. So, don’t feel ashamed if you fall for the Keler Group scam. It can happen to anyone! You should act quickly and inform the authorities and warn others by leaving negative Keler Group reviews. Likewise, getting your money back is possible. For example, chargebacks are doable when it comes to credit/debit cards (VISA and Mastercard, up to 540 days), wire transfers (until you confirm a transaction), and some electronic wallets (PayPal, Neteller, Skrill). Although crypto payments are almost irreversible, with the help of cyber security experts, it can be done. Therefore, contact our chargeback specialists to assist you with cashback.
Keler Group Summary
To summarize our Keler Group broker review with the following key aspects.
- Keler Group is allegedly registered in Switzerland but with no evidence of the company’s registration details nor the required FINMA broker’s license.
- It is an exposed cyber fraud by CNMVA and CONSOB, two major financial market regulators from the EU.
- Aside from legal issues, Keler Group is a dishonest scam broker fabricating terms of conditions, trading platforms, and all information presented on its legitimate-looking website merely to lure people.
- All in all, we recommend this bogus broker to no one.
FAQs About Keler Group Broker
Is Keler Group A Good Broker?
No, it is the opposite; it is an untrustworthy and illegal broker that will defraud you.
Is My Money Safe at Keler Group?
No, it isn’t since it is an obvious trading scam warned against by Spanish CNMV and Italian CONSOB.
What Is The Minimum Deposit for Keler Group?
It is 250 USD, which is an unnecessary risk since credible companies offer live trading accounts for less than 10 USD.