Another brokerage company is publishing fake reviews on its website, pretending they are genuine comments from clients. However, KingstonGates looks more like a scam frequently encountered online. If you need proof, here it is.
Brief Overview
- 🖥Official Website: https://kingstongates.com/
- ✈️Contact Address: St. Vincent and the Grenadines
- 📞Customer Support: [email protected], [email protected], +441277282822
- 🔐Licensing and Accreditation: no
- ⏳Track Record: 2024
- 🧰Specialization: brokerage service
- 🤝Terms of Cooperation: $250, 1:300
- 💰Additional Services: referral program, webinars
Kingstongates.com Examination
First, let’s examine the company’s official website. It’s a prime example of how to ruin a first impression without much effort. The design looks like a failed attempt to create something modern. The color scheme is a particular eyesore — faded, dull shades that seem washed out over time. It evokes no sense of reliability or professionalism. Instead of inspiring confidence in trading, the site leaves you feeling disheartened.
However, that’s not even the worst part. KingstonGates used a pre-made template for their website, merely swapping out some information and slightly tweaking the appearance. When you see template-based sites that resemble each other across multiple brokers, it’s always a sign of a scam.
The homepage is practically empty. It consists of just a few blocks with minimal information, and that’s it. In the “About Us” section, there’s no mention of licenses, a legal address, or the company’s founding date. Essentially, the text is 95% meaningless. There’s no useful or essential data, only a collection of pointless phrases and expressions that traders don’t need.
The images on KingstonGates’ site are so dull and generic that you start doubting whether this company is even involved in trading. Standard office skyscrapers and smiling managers — just tired clichés. There’s no individuality or uniqueness, just a collection of free stock photos that could be used for any business, whether a broker or a pizzeria.
Overall, there’s nothing positive to say about this website. It’s generic and useless. What’s the point of it even existing? Just to have something in place? Hopefully, most users will close the site after a minute or two and move on to another company.
Company Contacts
The contact details raised suspicions, and not without reason. KingstonGates lists fake contacts. For example, they provide two email addresses — both non-functional. Sure, you can send an email, but it won’t reach the company.
The phone number is based in the UK, but there’s no physical address provided at all. Clearly, the scammers included it just for appearances: “Look, we have a UK office, but we won’t show you the address”. And as for online chat or social media — there’s nothing to talk about. They don’t exist.
Key Conditions
The trading conditions at this broker are a collection of red flags that clearly show it’s an unprofitable company for trading. Why? For instance, the minimum deposit is $250 — why $250? Why do illegal firms love this number so much? Don’t scammers realize that reputable, legitimate companies allow trading to begin with as little as $10 in hand? But that’s just the tip of the iceberg. The $250 applies to the first account tier; the second tier requires $10,000, and the third a staggering $50,000. Who would risk such sums with an obscure, hastily made platform with a template website? These tiers aren’t even worth considering.
With the basic trading account, clients receive 1:100 leverage, access to 200 trading instruments; daily market analysis, spreads from 1.5 pips; two eBooks, and video lessons. A very modest package. It’s clear KingstonGates doesn’t want clients to stick with this account — they want traders to invest tens of thousands of dollars instead.
Commissions and spreads are barely mentioned on the website. That’s a massive red flag. When a broker remains silent on such crucial details, you can bet they’ll catch you out somewhere. High hidden fees or inflated spreads are standard tools for dealing desks to squeeze money from their clients. Spreads are vaguely referenced in account descriptions, but their actual values remain unknown.
In the end, KingstonGates’ trading conditions are not just bad — they’re dangerous. This isn’t about trading; it’s about extracting money from gullible traders.
Exposing KingstonGates
If you still have doubts that this is a scam, let’s dispel them now. Starting with licenses: legitimate brokers that value their reputation operate under licenses from major regulators like the FCA, FINMA, or CySEC. However, this broker provides none. Fraudsters don’t even bother talking about regulation. Typically, if a firm is licensed, it proudly displays this information on its homepage. Here, there’s nothing.
The legal address is missing — another reason to forget about this platform. The user agreement merely mentions the shady offshore jurisdiction of Saint Vincent and the Grenadines. In the bonus policy document, Estonia is referenced. However, these are just mentions of countries; in reality, KingstonGates isn’t registered in either place. We’re confident that this broker isn’t registered as a legal entity at all.
The website gives the impression that this is an established player in the market. However, a check of the domain kingstongates.com shows it was registered recently, in September 2024. If the company has only been around for a few months, how can it call itself an “experienced team of experts”? This is a classic scam tactic — using grandiose statements without proof to convince those who won’t bother verifying the facts.
When all these facts are combined, the picture becomes clear. KingstonGates is not a broker; it’s a scam. They prey on people’s trust, using generic tricks while hiding behind legal loopholes. Dealing with them means losing your money.
What Reviews Do Users Leave?
Frankly, we were surprised to find so few reviews about these scammers online. Usually, such companies pay for fake positive reviews, but here, that’s not the case. Perhaps they don’t even have the funds for that yet, or maybe they haven’t started aggressively advertising their illegal platform. In any case, don’t blindly trust overly glowing and cheerful comments — they are usually fake.
Conclusions
KingstonGates is a clear example of a fraudulent broker trying to deceive traders with flashy promises and a generic website. The absence of a license and legal address, the short time in operation, and unreasonable trading conditions speak for themselves. If you value your money, steer clear of this company. Trading here isn’t an investment — it’s a one-way ticket to nowhere.
Pros/Cons
- None.
- No licenses from regulators.
- The period of operation is too short.
- The legal address is not even specified.
- Trading conditions are terrible.
- No one knows about the company.
Fellow traders, do not even think about investing money in kingstongates.com. This company was created by anonymous scammers. I know this because I experienced their fraudulent scheme firsthand. Withdrawals don’t work here. The fraudsters won’t let you withdraw your money, and I don’t know what to do. This experience cost me $2K, and I’m sharing it with you for free. Don’t fall for fake promises!