Detailed review of the Kaarat website platform
Collaborating with offshore brokers always carries certain risks, yet many traders continue to be attracted by their enticing offers. Often, their trust and naivety become an easy target for scammers. Today we will talk about the company Kaarat.
Kaarat Website: Is it trustworthy?
According to specialized services’ evaluations, the Kaarat website is rated poorly. It looks hastily put together and does not illustrate a presentable image of the company. Superficial analysis also shows poor execution of the informational and design components.
According to WHOIS, the domain was registered in January 2019 and put up for sale in 2020. The lack of reviews online may be explained by scammers recently purchasing the domain name.
Information about the company and its management remains a mystery. Even a project roadmap is not provided. Additionally, Kaarat has no presence on social media and only provides a fake phone number and email as contacts.
Legal nuances
The company Kaarat has a legal address in an offshore zone: 180 Kingstown, Saint Vincent and the Grenadines. This jurisdiction has attracted scammers with its loopholes in legislation, allowing bypassing Financial Services Authority (FSA) control. The parent company is unlicensed and does not meet international requirements, and its terms of cooperation leave much to be desired.
Currently, there are no reviews about the Kaarat company in the Russian-speaking segment, but having a Russian interface may change this situation. Considering the lack of a license from the Central Bank of Russia, investing in Kaarat should be approached with caution.
Trading conditions
The Kaarat platform lacks a demo account, forcing traders to invest real money immediately without the opportunity to test the platform in practice. There are 4 types of trading accounts with a minimum deposit of $250 and a fantastic leverage of up to 400x, which does not meet the standards of reputable brokers.
The company does not disclose all trading conditions, and there is no contract specification. Reviews on the earning potential and profit withdrawal are also absent.
Investors’ reviews
Currently, there are no independent reviews of Kaarat. However, the company’s website is filled with praising comments. The lack of negative reviews creates a convenient platform for deceiving potential clients.
Scam methods
Kaarat scammers target traders who believe in mythical promises. They start with small amounts and gradually convince to increase investments. Fraudsters may block fund withdrawals, demanding payment of fake fees and taxes. Once a trader no longer wishes to invest more money, access to the account is blocked, and communication with the client is cut off.
Independent review conclusions
Despite the absence of negative feedback, it can already be said that Kaarat is a typical scam. The company lacks necessary legal grounds, conceals information, and offers dubious conditions. Investing in it can result in losses, so it is recommended to avoid cooperation with this platform.
