KeperCoin – Is it Safe?

Website URL: https://kepercoin.com/

Founded: 2006 -2020

Regulations: Unregulated

Languages: English, German

Deposit Methods: MasterCard, Visa, iDeal, Alipay, PayPal, American Express, ApplePay, PayDirect, RatePAY, Sofort, Klarna

Minimum Deposit: Unknown

Free Demo Account: No

Number of Assets: N/A

Types of Assets: CFD on Gold and Digital Assets

Trading Accounts and Conditions

KeperCoin claims to be one of Europe’s leading brokers for trading in digital assets. The broker states that it offers its customers more than 30 cryptocurrency pairs. It also offers the option of trading in gold. However, all of these trades are in CFDs and not the actual assets.

There is no information about the kinds of trading accounts or even the trading conditions offered by KeperCoin. So, unfortunately, this section of the review will have to remain empty.

KeperCoin – Advantages

After investigating KeperCoin, we can say with confidence that you will get no benefits from trading with this broker. So, this section of our review will also have to remain empty.

KeperCoin – Disadvantages

The disadvantages you will face if you trade with this broker are many. Here is our list.

• False Claims of Registration

KeperCoin claims to have offices in Berlin and Switzerland. The broker also claims that it regulated by multiple financial regulators in different parts of the world.

In Australia, KeperCoin AUS Capital Pty. Ltd. is supposedly regulated by the Australian ASIC (Australian Securities and Investments Commission).

In Europe, the broker claims that its holding company, KeperCoin (Europe) Ltd. is regulated by the CySEC (Cyprus Securities and Exchange Commission).

And in the UK, the broker’s holding company, KeperCoin (UK) Ltd., is regulated by the UK’s FCA (Financial Conduct Authority).

To verify these claims, we checked the online registers of all of the above-mentioned financial regulators. What we found was that this broker has lied about its regulation status and that none of the companies it mentioned were listed on any of the regulators’ registries.

The truth is that this broker is completely unregulated by any financial authority – anywhere.

Plus500

$100

Minimum Deposit

Start Trading

Read Review

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.

 

AvaTrade

$100

Minimum Deposit

Start Trading

Read Review

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.

• Blacklisted by CONSOB and FMA

During our investigation into KeperCoin’s claims of being regulated by multiple financial watchdogs, we found out that not only was the broker not regulated, but that they had actually been blacklisted by two different financial regulators.

Both the CONSOB (Commissione Nazionale per le Societa e la Borsa) in Italy and the FMA (Financial Market Authority) in Austria have issued warnings to traders against this broker. Both the regulators have stated that KeperCoin is not authorized to offer its financial services to citizens of their countries.

• Demanding Credit Card Details

KeperCoin also demands your credit details during the registration process. The broker asks in its registration form that you submit your credit card number, along with the CVC (card verification code) number, the expiry date and your name.

Providing an almost anonymous broker that is operating illegally and has been blacklisted by government authorities is a very dangerous step to take, since you leave yourself vulnerable to being ripped off by them.

The broker will have the ability to take money out of your credit card any time it wants, and you can end up losing your money in minutes.

Of course, in case this does happen to you, you will have the chance of filing for a chargeback against this broker, but only if you do so within 540 days.

The problem is that if you have willing given your banking information to KeperCoin and have invested in Bitcoin on their so-called platform, then chances are that your claim will be denied. So, you will never get to see that money again.

• Trading Platform Doesn’t Function

When we were finally able to access KeperCoin’s platform, we found that it was really a trading platform at all. In fact, it was more like a badly designed dashboard that offered only a money deposit option. There was no trading interface available.

Legitimate brokers offer their clients trading platforms such as the MetaTrader 4 or the MetaTrader 5 software. Such platforms are loaded with features that make trading much easier and more effective.

You get amazing charting tools, an excellent array of market indicators, as well as trading bots for automatic trading. What makes these features even more attractive is the fact that all of them can be customized to your desire.

• No Terms and Conditions Mentioned

KeperCoin has not mentioned any terms and conditions, which is yet another huge red flag against this broker.

The terms and conditions, also called the client agreement, is a critical legal document. It gives all the details of the relationship that you as a client will have with your broker. You will know what the terms of using a broker’s financial services will be, what costs you will have to bear, and also what your rights are.

So, the fact that this broker has omitted to provide you with these details simply points to their ill-intentions.

• No Demo Account Available

While this is not as serious an issue as all the others that we have listed, it should be highlighted since helps traders verify the trading conditions offered by the broker. It also helps the trader assess the efficiency of the trading platform.

• No Information on Trading Conditions

As we mentioned at the beginning of our review, KeperCoin has not given any information on its website about its trading condition, or even the types of trading accounts it offers.

We do not know what the minimum deposit requirements are, we do not know the leverage ratios and we don’t know the spreads or other trading costs.

Conclusion 

KeperCoin is a trader that is not to be trusted. It is operating illegally, is more or less anonymous, has been blacklisted by financial authorities, and all the critical information required by traders is missing.

KeperCoin

2.5

User Experience

3.5/10

Payment Options

2.2/10

Security

2.3/10

Support

2.5/10

Reputation

2.2/10

Pros

• None

Cons

• False Claims of Registration
• Blacklisted by CONSOB and FMA
• Demanding Credit Card Details
• Trading Platform Doesn’t Function
• No Information on Trading Conditions