Score
KUT
Hong Kong|2-5 years| https://www.kutfxhk.com/plus/list.php?tid=31
Website
Rating Index
Contact
Licenses
No valid regulatory information, please be aware of the risk!
Single Core
1G
40G
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Broker Information
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KUT finance Limited
KUT
Hong Kong
Pyramid scheme complaint
Expose
Check whenever you want
Download App for complete information
- It has been verified that this broker currently has no valid regulation. Please be aware of the risk!
WikiFX Verification
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KUT · Company Summary
Note: KUT's official website:https://www.kutfxhk.com/plus/list.php？tid=31 is currently inaccessible normally.
KUT Information
Founded in 2021, KUT is an unregulated brokerage company registered in Hong Kong. The company offers the MetaTrader 5 (MT5) platform for trading.
Is KUT Legit？
KUT appears to operate without regulatory oversight. The absence of regulation could potentially expose investors to increased risks, as there are no established frameworks for monitoring or enforcing fair practices.
Downsides of KUT
- Unavailable Website
The current inaccessibility of KUT's official website has sparked doubts regarding its reliability and ease of access.
- Lack of Transparency
Limited information is available about KUT, hindering investor understanding of the platform's operations and reliability.
- Regulatory Concerns
The uncertainty surrounding KUT's regulatory status has sparked concerns among investors regarding their protection and the company's overall credibility.
- Withdrawal Difficulty
According to a report on WikiFX, a user encountered significant difficulties with fund withdrawals. The issue remained unresolved despite the request being pending for over a week.
Negative KUT Reviews on WikiFX
On WikiFX, “Exposure” is posted as a word of mouth received from users.
Traders are encouraged to review information and assess risks before trading on unregulated platforms. Please consult our platform for related details. Report fraudulent brokers in our Exposure section and our team will work to resolve any issues you encounter.
As of now, there was 1 piece of KUT exposure in total. I will introduce it.
Exposure 1. Cannot withdraw money
| Classification | Cannot withdraw money |
| Date | Feb 26, 2023 |
| Post Country | Taiwan |
Conclusion
Trading with KUT may pose security risks as it operates without regulatory oversight. It is advisable to choose regulated brokers with transparent operations to ensure the safety of your investments and compliance with legal standards. When selecting a trading platform, prioritize those supervised by recognized regulatory bodies for enhanced security and peace of mind.
Review 1
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