Keller Finance – Are They Trustworthy?
Stop! It’s a Scam! Your money is not safe if you are trading with this unregulated, off-shore broker.
Keller Finance - DO NOT TRADE WITH THIS PROVIDER
2.2/10
$100
Minimum Depositupdated 2023
The details for opening trading accounts are not indicated on the broker’s website. In order to register with this broker, you only need to go to their sign-up page where you’ll be asked to enter your name, email address, phone number, and password. You’ll also be asked to accept their Terms and Conditions and confirm that you’re over 18 years of age. After this, the trading platform will be made available for you and you can start trading using their demo account.
Try these regulated brokers if you want to start trading cryptocurrencies
82% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money
Plus500 is a FTSE 250 listed brokerage providing online trading services in CFDs, across 2,000+ securities and multiple asset classes.
Website URL: https://kellerfin.com
Founded: 2022
Regulations: None
Languages: English
Deposit Methods: Bank Transfer, Credit Card, Debit Card, Payment Request to Broker
Minimum Deposit: €250
Free Demo Account: Unavailable
Number of Assets: N/A
Types of Assets: Commodities, Indices, Forex, CFDs
Trading Accounts and Conditions
Keller Finance offers the following types of trading accounts:
- Newcomer Portfolio: The minimum amount to be deposited is €250.
- Silver Portfolio: The minimum amount to be deposited is €2,000.
- Investor Portfolio: The minimum amount to be deposited is €5,000.
- Premium Portfolio: The minimum amount to be deposited is €10,000. You get an account bonus of 50%.
- Golden Portfolio: The minimum amount to be deposited is €50,000. You get an account bonus of 70%.
- Black VIP Portfolio: The minimum amount to be deposited is €100,000. You get an account bonus of 70%.
This broker does not specify what other trading conditions they have. All they tell us on their Accounts page is that spreads are fixed or floating. There is also no mention of leverages, order executions methods, lot sizes and so on.
Keller Finance – Advantages
There are no advantages to trading with Keller Finance.
Keller Finance – Disadvantages
Keller Finance is a scammer and here are all the red flags that tell us so:
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Unregulated and Blacklisted by FCA
The first sign of a scam is a broker’s lack of regulation. All brokers need to be authorized to operate by a financial regulator, specifically the financial regulator of the jurisdiction that the broker is targeting.
Keller Finance claims that their parent company is called Keller Finance Limited, which is based in London, UK. The broker also provides is Company Number – 05815478.
Claiming to be based in the UK is a dangerous thing for scammers, since it is quite easy to call their bluff. We checked the Financial Conduct Authority’s (this is the UK’s financial regulator) online register. What we found out was very revealing.
We found out that not only was Keller Finance not regulated by them, but that this broker had also been flagged off as a clone firm. A clone firm is an entity that tries to pass of as another – legitimate – company in a bid to scam people.
A broker being blacklisted by one of the world’s foremost financial regulators is enough proof for us that we are dealing with a scammer.
82% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money
Plus500 is a FTSE 250 listed brokerage providing online trading services in CFDs, across 2,000+ securities and multiple asset classes.
The company was created as a combined effort of financial professionals and experts in web-commerce with the goal of perfecting the online experience for retail traders.
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Issues with Trading Software
Keller Finance claims to offer their clients a world-class trading software – they also claim that it is so good that it has won awards! However, after we registered for an account and accessed their trading platform, we realized that this is another lie that this broker has told.
Keller Finance does not have an award-winning trading platform. In fact, what this broker actually offers is a poorly constructed software that offer barely any functionality and is completely web-based.
This is just another indication that we are dealing with a scammer. Legitimate brokers go out of their way to offer the best possible trading software since this is what their main product offering is.
With scammers, they either don’t bother with a trading platform, relying on their big claims and tall promises of certain returns to scam people, or they have a poor trading platform that just about works – as in this broker’s case.
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Issues with Trading Conditions
A broker’s trading conditions (along with their trading software) is what attracts traders to invest with them. Regular – legitimate – brokers therefore ensure that they offer the most attractive spreads possible – while still remaining profitable. And they give all the details of their trading conditions clearly on their websites for all to see.
Keller Finance does not bother with providing any trading conditions – except for the minimum funding requirement for each of their account types. This lack of transparency simply further highlights their scam and ill-intentions.
With legitimate brokers, you will know exactly what their spreads look like and you will also know how much leverage you are allowed. You will also know the lot sizes, the order execution methods and all fees and commissions the broker may impose.
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Issues with Payments
On their website, Keller Finance presents a host of logos of payments processors: Visa, MasterCard, Maestro, PayPal, Visa Electron, Skrill, Wire Transfer, Diners Club, UCB, and so on. However, just before that, they have another set of logos: of Visa, MasterCard and Wire Transfer.
Thus, we do not really know which set of logos are the actually payment options.
The good thing, because we able to successfully register with Keller Finance, we were able to access their payments area. We found out what the truth actually was!
Keller Finance offers you only 3 options: credit cards, debit cards and bank transfers. But here’s the catch. After you send in your payment request, the broker gives you a message that their customer service team will contact you for the transaction to be completed. The fact that you cannot carry out your own transactions is another red flag that reveals this broker’s scam.
Legitimate brokers make the payments process as easy as possible, offering a variety of payment options, low to no transaction fees and almost instant remittances.
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Bonuses Offered
Keller Finance offers their clients bonuses, promotion types that have been banned in the UK for some time now. Bonuses such as the ones offered by this broker come with very unfair withdrawal conditions. However, this broker has omitted to mentioned what the conditions are, so it is a cause to be wary of them.
Of course, the fact that they are offering promotions that are banned in the country they are targeting clearly tells is that Keller Finance is a scammer.
Conclusion
Keller Finance is a clone firm, which makes them more dangerous than regular scammers – they cannot be trusted at all.
Keller Finance
Pros
- None
Cons
- Unregulated and Blacklisted by FCA
- Issues with Trading Software
- Issues with Trading Conditions
- Issues with Payments
- Bonuses Offered
Do not trade with unregulated brokers that will steal your funds - try these regulated brokers:
82% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money
Plus500 is a FTSE 250 listed brokerage providing online trading services in CFDs, across 2,000+ securities and multiple asset classes.
The company was created as a combined effort of financial professionals and experts in web-commerce with the goal of perfecting the online experience for retail traders.
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