Kew Stocks Investments Limited: reviews in the Russian-speaking segment. Is it a scam or not?
What is Kew Stocks Investments Limited?
Many traders looking for a reliable financial agent encounter traps of scammers like Kew Stocks Investments Limited. This company deliberately attracts novices and aims to extract maximum benefits from them. Reviews indicate that scammers spare no one, regardless of others’ interests and financial difficulties. Find out why you should avoid registering on the kewstocks.limited platform and the hidden pitfalls of this suspicious broker in our objective review.
Important Facts About Kew Stocks Investments Limited
Kew Stocks Investments Limited claims to have been providing its services since 2019 and aims to gain traders’ trust. According to their claims, they are a licensed Forex broker focused on enhancing transparency and accessibility in financial markets.
However, a look into the history of the kewstocks.limited domain reveals that scammers are outright lying. The website was only launched on September 27, 2022, casting serious doubts on their long-term intentions.
It’s not surprising that these fraudsters have several other websites, such as kewstocks.com, user.kewstocks.net. The latter sites have already been blocked by Roskomnadzor and blacklisted by the Central Bank. This clearly indicates that scammers change disguises to continue their fraudulent activities.
Recently, the shell company warned that it does not interact with investors from certain countries, including the United States, Syria, North Korea, and Iran. However, there is no mention of the Russian Federation in this list. Thus, Kew Stocks Investments Limited avoids responsibility and shifts the burden onto traders.
Additionally, we found that the company claims to have an office in London, even providing an address. However, tracing the address led us to LAS Accountants LLP office specializing in accounting services and not connected to brokerage activities.
Analysis of Legal Documents
Despite a plethora of negative reviews, Kew Stocks Investments Limited staunchly asserts that it complies with all legal norms and requirements of international legislation. The company’s claims regarding its registration in London have some validity.
There is indeed an organization in the Companies House registry existing since 2009 (when Kew Stocks Investments Limited did not yet exist). However, it is not authorized to trade financial assets.
An interesting fact is the inclusion of a certain Sumit Selli in the list of founders. This individual is a partner of LAS Group, as mentioned earlier. Hence, scammers not only stole the office address but also utilized a real name and documents of Kew Stocks Investments Limited.
It’s worth noting that a legal broker operating in the UK must be licensed by the FCA. Kew Stocks Investments Limited has never had a license, as evidenced by the official warning on the regulator’s website.
Scammers attempted to cover up by publishing fake copies of licenses allegedly obtained in Vanuatu and Belize. However, verification revealed that these were falsified documents where fraudsters simply inserted the name of their company. Verification via the registrar IFSC can confirm this.
What Types of Trading Accounts Exist?
According to reviews, Kew Stocks Investments Limited tailors its approach to each client individually. Hence, their website lacks a specific description of trading conditions. The company mentions common aspects such as:
- Secure and convenient web terminal,
- 1,000+ trading instruments (CFDs on various assets),
- No commissions and strategy limits,
- Attractive prices and instant order execution.
No information about the minimum deposit, spreads, credit, and other conditions is provided. The withdrawal procedure and commissions are also not specified.
What Do Company Reviews Reflect?
Given the presence of several websites associated with Kew Stocks Investments Limited where fraudulent actions take place, there are quite a few reviews. Clients share stories about this company’s focus on deception and consistent refusal to allow profit withdrawals, providing fabricated reasons for such actions.
Scam Scheme
Kew Stocks Investments Limited effectively exploits newcomers’ lack of legal knowledge, counting on them not verifying document authenticity. Additionally, many traders ignore negative reviews and trust false promises. Scammers use psychological pressure, data falsification, and personalized account manager advice to lure as much money as possible from each client.
According to reviews, the longer a client stays on the fraudulent platform, the more money they risk losing. Scammers persistently convince clients to deposit new funds under various pretexts. Ultimately, losses can reach thousands of dollars.
Conclusion
Scammers from Kew Stocks Investments Limited do not stop at what they have achieved and are in search of new victims. Be vigilant to avoid becoming a pawn in their game. Scammers seek to quickly deplete your wallet, so stay alert.