Kimonsage Review and Website Analysis

Day by day, the number of retail traders and their interest in honest and safe brokers are increasing. Fraudsters are taking full advantage of this by luring clients with promises of better conditions. The Kimonsage review is about one such scam project. Users of this platform are not in for successful and comfortable trading but a complete loss of funds sent to the accounts. Below, we will detail the methods of operation of this pseudo-company.

Brief Overview

• 🖥Official Website: https://www.kimonsage.com/
• ✈️Contact Address: 35 Bank St, London E14 5NW, United Kingdom
• 📞Customer Support: [email protected], [email protected]; +44203757216, +442037577110
• 🔐Licensing and Accreditation: no
• ⏳Track Record: since 2024
• 🧰Specialization: Forex & CFD broker
• 🤝Terms of Cooperation: minimum deposit 10,000 EUR, swap-free accounts
• 💰Additional Services: no

Kimonsage.com Examination

It seems that the official Kimonsage website was hastily assembled. As a result, we have pages with decent design (the colors for the template are quite well chosen) and terrible content.

The broker did not find space to include:

• Information about the markets.
• Trading conditions, including contract specifications.
• A comprehensive Risk Disclosure, Privacy Policy, and other policies.
• Exhaustive information about licenses, etc.

In short, this shoddy creation can hardly be considered the website of a solid company. Obviously, it is solely intended to mark a presence on the internet. Would a respectable Forex broker show such disrespect to potential clients? We think not.

Company Contacts

The Contact Us page turned out to be perhaps the most informative among the other pages presented on the Kimonsage website. Here, the company published:

• The office mailing address in London.
• A couple of British phone numbers.
• A support email address.

Additionally, there is a feedback form, from which even a visitor without registration can write to the platform representatives. At first glance, not bad.

However, there are many questions about this page too. For example:

1. Why didn’t the broker set up a Live chat on the pages? This communication method allows resolving any issues extremely quickly. It has to be assumed that the company doesn’t have free staff for constant contact with users.
2. Why hasn’t Kimonsage provided any links to social media pages? It’s clear that there are no groups or channels. But aren’t the platform owners interested in such a vast audience? Or is it the same lack of funds and resources to maintain activity?

In that case, we have every reason to doubt that we are dealing with a broker that truly has 20 years of experience. Over such a long period, finding the means and resources for chat and social media shouldn’t be a problem. But apparently, it is for Kimonsage.

Key Conditions

Kimonsage also performs poorly in disclosing trading conditions. As we already mentioned, the company couldn’t find space on the official website pages to describe the markets and contract specifications for available trading instruments.

Moreover, traders won’t find any technical parameters of accounts and trades. Even on the page with tariff plans (account types), one can only see the minimum deposit amounts. Of course, this is important information, but the rest the client will have to find out themselves during the opening and closing of positions, risking losing either the deposit or part of the earned profit.

A user can open an account of one of seven types:

• Bronze, minimum deposit of 10,000 EUR.
• Silver, minimum deposit of 25,000 EUR.
• Gold, minimum deposit of 50,000 EUR.
• Platinum, minimum deposit of 100,000 EUR.
• Diamond, minimum deposit of 250,000 EUR.
• Premium, minimum deposit of 500,000 EUR.
• VIP, minimum deposit of 1,000,000 EUR.

It’s worth noting that the owners of Kimonsage are not shy about their monetary requests. A minimum deposit amount of 10,000 EUR for the junior Bronze tariff can hardly be called modest. What can be said about the million required for activating a VIP account?

At the same time, from the account types table, it’s completely unclear why traders should pay such amounts. For the services of a personal assistant and 1 risk-free trade, which becomes available with a Gold account and above? Is 40,000 EUR (the difference between Gold and Bronze deposits) not too high an amount for this? Or for individual account conditions and access to the “ground” Trading Room? Is this really worth 50,000 EUR (the exact difference between Gold and Platinum deposits)?

In short, the Kimonsage broker decided not to bother with small amounts and to get as much money from clients as possible for minimal services. The approach is pragmatic, but hardly acceptable for a real company operating under the control of authoritative regulators.

Clients of the platform also have the opportunity to open Islamic (swap-free) accounts. Their main feature is the absence of interest accrual and withholding in any operations. Representatives of the platform also showed originality here — they did not disclose what would replace interest payments, for example, when carrying over positions. However, they noted that these accounts have fixed spreads. But the list of additional options is as poor as on the Bronze tariff.

We note that the company’s reluctance to share important information about trading conditions made us doubt its operation under the control of the British FCA, Cypriot CySEC, and other regulators that the broker so confidently listed on the Why Us page. The fact is that authoritative regulatory organizations require full disclosure of information to clients. The platform representatives either deliberately ignore these requirements or operate without licenses. In either case, the project does not deserve trust.

Exposing Kimonsage

We had more than enough reasons to doubt the honesty of the broker. To conclude this discussion, we conducted a verification of the official information provided by the company. The result was quite expected.

Kimonsage claims to be registered in the UK. An indirect confirmation of this is the address in London and phone numbers with the +44 prefix. Naturally, our first check was conducted in the Companies House databases.

As we can see, the search by company name did not yield any relevant results. The conclusion is quite simple — there is no company registered in the UK or any other country. The broker is an internet service providing brokerage services online.

Without official company registration, the broker’s claims that the company groups operate under the strict control of well-known regulators (it listed FCA, CySEC, FSC, KNF) make no sense. It is well known that these organizations do not issue brokerage and dealer licenses without a legal entity registered in the appropriate jurisdiction. Hence, Kimonsage could not have obtained it. We checked the registers of the British and Cypriot regulators, albeit with zero results.

In general, the Why Us page contains a lot of interesting information. For example, it mentions the broker’s 20-year experience in the industry. It also lists awards the company has supposedly received recently. For instance, the page displays logos of the Best Forex Europe Broker and Best Customer Service awards, allegedly received in 2021. However, it modestly doesn’t mention at which event this happened. It should, as the broker was so outstanding that it received the first of these awards twice (apparently, one wasn’t enough for the organizers).

The Home Page is not lagging behind in this respect. It features impressive statistics about the company’s 20 million clients worldwide and their daily transactions amounting to 133+ billion dollars. However, the owners of Kimonsage seem to have forgotten that all this is very easy to verify. A Whois service showed that the domain kimonsage.com was registered on May 3, 2024.

So, we can forever forget about the company’s 20-year history, the awards received in 2021, and the 20 million users. All of this is the fruit of the imagination of the creators and webmasters of a project that is barely two months old. Instead, we can confidently call the data fake and the broker a scam.

However, there are other facts on the Kimonsage website that confirm the broker’s dishonesty. We have already discussed the trading conditions. Additionally:

1. The inability to complete registration without contacting support. The company doesn’t even mention an affiliate program but made entering a referral code at registration mandatory. You can guess where to get it. However, whether the support will approve your account creation is a big question.
2. The absence of payment details. This is quite understandable: no officially registered company, no corporate bank account. A “created 20 years ago” broker wouldn’t show you private accounts and cards (drops).

We believe that this is enough to understand that this is not a solid project or a popular platform. What we have here is a third-rate scam; sending money to its accounts means parting with it forever.

What Reviews Do Users Leave?

Finding Kimonsage reviews online is not easy. This is because, in a couple of months, the broker has not attracted the close attention of the trading community. We managed to find a few reviews on thematic portals. Their authors are quite categorical, giving the company no ratings other than scam and fraud.

We also found a site with as many as 20 reviews about Kimonsage. Their history is quite interesting. Just over a month ago, the first comments appeared on it, all with the highest ratings. Their contrived nature is undeniable — the broker had just started working, and it is already being praised, with tales of how it helps earn thousands of dollars and recommendations to everyone. But apparently, there wasn’t enough money to pay posters for long, and a powerful wave of negativity replaced the wave of positivity. A rating of 2 instead of 1 in this group of posts looks very high. But it seems the firm was not satisfied with such a blow to its image. The owners decided to spend some money again, paying for the work of copywriters. And we see again how the authors rave about Kimonsage, especially on July 3 and 4.

We think the platform will have to pay for positive reviews more than once. And we also think that honest regulated brokers don’t behave this way.

Conclusions

Based on our Kimonsage review, we can say unequivocally: the broker has demonstrated numerous signs of a scam project. These include operating without registration and license, the absence of trading conditions, payment details, and legal documents (except Terms & Conditions) on the site, false statistics and information about the duration of work, and the purchase of reviews. Still want to send your money to these scammers? We wouldn’t risk it.

Pros/Cons

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