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Score

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/10
The WikiFX Score of this broker is reduced because of too many complaints!

KPF

United States|5-10 years|
Suspicious Scope of Business|High potential risk|

http://www.kpffx.com/

Website

Rating Index

Contact

clientservice@kpffx.com
http://www.kpffx.com/
The WikiFX Score of this broker is reduced because of too many complaints!

Licenses

No valid regulatory information, please be aware of the risk!

VPS Standard
No restriction on the broker account. Support service provided by WikiFX

Single Core

1G

40G

Open Now

Contact number

Other ways of contact

Broker Information

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Company Name

KPF FX

Abbreviation

KPF

Platform registered country and region

United States

Company website

Pyramid scheme complaint

Expose

Check whenever you want

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Warning: Low score, please stay away! 2
Previous Detection : 2024-11-22
  • It has been verified that this broker currently has no valid regulation. Please be aware of the risk!
  • The number of the complaints received by WikiFX have reached 8 for this broker in the past 3 months. Please be aware of the risk and the potential scam!

WikiFX Verification

KPF · WikiFX Survey

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KPF · Company Summary

Note: KPF's official website: https://www.kpffx.com/ is currently inaccessible normally.

KPF Information

Registered on 1995 and in United States, KPF offers forex services via MT4 platform. Traders can contact them via clientservice@kpffx.com. However, its NFA license has been listed as unauthorized and its website is not accessible.

KPF

Is KPF Legit?

Is KPF Legit?
National Futures Association (NFA)
Current StatusUnauthorized
Regulated by United States
License TypeCommon Financial Service License
License No.0514414
Licensed InstitutionKPF MARKET LIMITED

KPF claims that it is regulated by the United States National Futures Association (NFA), which has a Common Financial Service License with the number 0514414. However, its regulatory status is currently listed as abnormal and officially marked as Unauthorized. Therefore, it cannot be regarded as a legit broker.

Unauthorized NFA license

Downsides of KPF

  • Unavailable Website: The KPF website is currently inaccessible, in which traders can't manage their accounts, learn about information, and so on.
  • Unauthorized License: Though KPF claims it is regulated by NFA, it has been officially listed as unauthorized.
  • Difficulty in withdrawal: Some traders claim KPF has a large withdrawal amount and they can not withdraw their money from KPF easily.

Negative KPF 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 were 8 pieces of KPF exposure in total. I will introduce 2 of them.

Exposure 1. Unable to withdraw money

ClassificationUnavailable Withdrawal
DateFebruary 12, 2019
Post CountryHong Kong China

The user said the individual is unable to withdraw funds from the KPF. They have reached out to an advisor who suggested they trade with him. It appears that the payment company has evaporated. You may visit: https://www.wikifx.com/en/comments/detail/208022200511830.html.

Exposure 1. Unable to withdraw money

Exposure 2. MT4 was disabled for no reason

ClassificationScam
DateJanuary 5, 2019
Post CountryHong Kong China

The user said their MT4 platform won‘t open and displays a message saying it’s stopped. You may visit: https://www.wikifx.com/en/comments/detail/208019043005002.html.

Exposure 2. MT4 was disabled for no reason

Conclusion

KPFs license NFA is listed as unauthorized and its website is unavailable. Furthermore, it has many negative reviews such as unable to withdraw and scams. In a word, KPF is not a good choice.

Review 8

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