Reviews of the fraudulent company KeyOnCapital
Let’s start with the finding: the KeyOnCapital broker is dishonest dealers whose activities have nothing to do with real trading in the Forex market. Despite the timestamps the company has, it has already managed to deceive a significant number of clients, as confirmed by numerous reviews. Therefore, it is recommended to avoid contact with this provider. And although there are positive opinions about KeyOnCapital on the web, our review will help you understand that all of them are fabrications and conspiracies.
Key aspects review of the keyoncapital.com site
Lets begin our investigation of KeyOnCapital with the information presented in the “About Us” category. The data from this section will allow you to understand how responsibly the administration treats its project and what goals it pursues.
The first thing that catches the eye is the decoration of the workspace and the appearance of the staff. Even an independent observer can clearly see at first glance that the photos were taken in some coworking space and, moreover, on a low-quality camera. Serious dealers would never treat the website design so carelessly, as it reflects the company’s image. Opinions of trading specialists confirm this.
After analyzing the overall situation, let’s move on to the presented facts. For this purpose, let’s review the Whois data and evaluate the visitation of KeyOnCapital. It is logical to assume that if the KeyOnCapital broker serves 500,000 accounts, then the website visitation should fluctuate in the range of 50-60 thousand users per day. Let’s see how this really corresponds to reality:
The keyoncapital.com resource was created in 2014, but the last update is noted in August 2019. Considering that the first reviews of the project appeared in November, it is obvious that scammers acquired the domain and began using it for their machinations.
The practice of purchasing old well-known websites is widespread on the internet and allows projects to be promoted more quickly in search engines — since search engines tend to rank older websites higher, considering their age as a sign of trust for users. As for the level of visitation, the results speak for themselves:
It should be noted that this hosting company does not provide hosting services for actual servers. This means that the keyoncapital.com site does not have the necessary resources to support real trading platforms. A detailed analysis of the tariffs showed that the maximum available memory capacity is 50 GB. Any programming specialist will confirm that this is an extremely low value for maintaining a customer base and launching a full-fledged forex trading center.
Thus, the technical aspect confirms the dishonesty of KeyOnCapital. Let’s now turn our attention to the legal side of the matter.
Evaluation of the registration data of keyoncapital.com
The KeyOnCapital broker claims to have a Cypriot license to provide financial services:
To check this information, you can simply visit the https://www.cysec.gov.cy/ website and enter the specified license number in the search bar. An analysis of the information received showed that the regulatory authority is not aware of the existence of the KeyOnCapital company:
In fact, the indicated license was issued to a completely different broker, who, by the way, has been deceiving clients since 2010. Whether this is a coincidence is unknown, but it is likely that both projects have common founders.
Confirming the address or founders is impossible, as this information is not indicated anywhere. But the fact that the KeyOnCapital broker shamelessly passes off someone else’s license as its own indicates that we are dealing with obvious fraudsters and scammers.
It is also worth noting that the registered company number belongs to AFB FX. This project is known on the internet as fraudulent. In addition, its founders even had to cease operations:
It is clear that scammers have not lost interest in this industry and have simply moved on to new financial frauds.
Analysis of deception mechanisms on keyoncapital.com
A detailed review of defects on the KeyOnCapital website is not considered expedient, as there are so many of them that it is impossible to cover them all in one publication. Note that keyoncapital.com is built on the free WordPress template using images from the Google search engine. Let’s now turn to the fraud schemes.
On the one hand, the situation is typical: the KeyOnCapital broker drains deposits and does not allow withdrawals. However, this company is unique in some aspects, as reviews confirm. Unlike other “forex kitchens,” they take a serious approach to selecting personnel. Only psychologists with higher education and experience work in the staff.
Under the guise of managers, they start calling newcomers and, using psychological manipulations, gain trust. In the process, they find out your financial situation, level of education, and ability to apply the laws of formal logic. And depending on this, they start the process of pumping out funds.
Another important detail concerns how scammers get your phone number. It is requested during registration:
Many assume this is a standard procedure and do not pay attention to it. But for scammers, this is a key moment, as it allows them to obtain initial information about the client.
As reviews testify, calls from the KeyOnCapital broker start within 10-20 minutes after registration and continue for 5-6 months. Calls will be from numbers with different codes, so ignoring them will not be as simple. To get rid of pressure from KeyOnCapital, you will even have to change your phone number. Other methods will not help avoid endless calls.
The activity of the KeyOnCapital broker does pose a risk, so it is recommended not to engage with them in any way, even for experimentation or writing a review of fraud. The situation is different in that in the initial stages, customers happily invest funds. And they realize they have been deceived only when the loss becomes substantial. This tactic allows scammers to work successfully even if they have just a couple of new victims every month.
Users’ reviews on keyoncapital.com
Many scam projects somehow try to maintain their reputation and order positive reviews on various web platforms dedicated to forex dealers reviews. However, the KeyOnCapital broker is not among them:
19 reviews, and not a single positive one. Creating a difficult impression, as if the scammers are not afraid of punishment and have no conscience. A similar situation is observed on other resources:
In studying the reviews, we sometimes saw favorable reviews of KeyOnCapital. However, there were so few that the percentage of satisfied customers turned out to be less than 0.1%.
Reviews indicate that the KeyOnCapital company is a typical forex kitchen with intrusive staff. The average income from one deceived trader is about 30,000 rubles, but in rare cases, the company’s clients may lose from 10 to 15 thousand dollars.
Conclusions
The KeyOnCapital broker is definitely a fraudulent project. It is not recommended to invest money in it. Share information about such an organization with friends and acquaintances who are interested in trading, warning them about the machinations carried out by this company, preventing fund withdrawals.
The fraudsters have organized their business in such a way that it is practically impossible to take any action against them. Even if you want to contact the police, the investigation will reach a dead end since identifying the project owners is practically impossible. And if successful, the shelter of the user agreement will not allow requalifying the case into a criminal offense. The most the scammers can hope for is an administrative fine in a laughable amount. Keep in mind that trading involves risks of losing money, however, if you invest your funds in KeyOnCapital, they will be lost without a trace.
Author: Irina Sherbul
Read also: Broker KBCapitals: honest review, real user reviews, can they be trusted.
