Kadena Trade: customer reviews of the company’s performance in 2023.
Analysis of the popular price difference contract provider Kadena Trade
The company Kadena Trade, founded in 2008, currently does not have a significant number of client reviews. A recent review has appeared confirming the lack of real feedback on the platform.
Information about Kadena Trade
It is claimed that Kadena Trade started its operations in 1990, and in 2008, the company launched its own trading platform for CFD trading. However, according to the whois service data, the site kadena-trade.com started functioning only from January 29, 2023, raising doubts about the broker’s reliability.
The company claims to be led by Mr. Joyce Harper, but there is no confirmation online that this individual is associated with brokerage activities.
The company indicates a presence in Moscow, although the address listed on the site belongs to a business center. Kadena Trade actually exists only online.
Contact with company representatives can be made via email or phone with a Russian code, which was also used by the fraudulent broker Trade-Fin.
Legitimacy of Kadena Trade’s activities
The company claims to comply with legislation and follow established rules. However, the company’s incorporation certificate refers to another firm that has already gone bankrupt. Kadena Trade is not registered in the British regulator’s registry or in Russian regulators.
Considering the lack of a license for brokerage activities in the Russian-speaking segment, registering on the Kadena Trade website could be risky for the client.
Offered terms for clients
The information about cooperation terms on the Kadena Trade website leaves much to be desired. However, it includes:
- over 2,800 CFDs on various instruments,
- leverage up to 1:30,
- instant trade execution,
- zero commissions and ultra-tight spreads,
- various deposit/withdrawal methods,
- educational materials on trading and assets,
- an economic calendar for traders.
User reviews
Negative reviews about Kadena Trade’s predecessor, the broker Trade-Fin, indicate the dubious reputation of a fraudulent company. There are few reviews about Kadena Trade at the moment, but they are also concerning.
Fraud mechanism
Kadena Trade deceives clients by concealing information about trading conditions, enabling individual client control and manipulation in their favor.
The company suggests using a mentor for client confidence, but in reality, the mentor works for fraudsters and can wipe out an account by gaining access to the client’s personal cabinet. After such an incident, the refund through chargeback can be unpredictable.
Conclusion
Collaborating with Kadena Trade can only lead to financial losses due to the broker’s fraudulent activities and lack of a brokerage license. Potential clients should exercise extreme caution when considering this company for investments.