Reviews about KNB Group: a platform for profitable and simplified trading or a scam?
Reviews of KNB Group: a platform for successful and convenient trading or a scam?
According to information, KNB Group specializes in brokerage services for over 12 years and has received numerous international awards and positive reviews during this time. However, there are doubts about the honesty of this company’s activities, as information about it is practically absent online. Additionally, the feedback found has a negative tone. Let’s analyze together whether it is worth dealing with this broker and trusting its traders.
Brief analysis of the website knb-group.net
According to Roskomnadzor, the website knb-group.net is not included in the list of fraudulent resources, however, this is not surprising given its short period of operation — less than a month. This domain was registered on December 1, 2021.
Specialized services estimate the value of knb-group.net at only 67 rubles, indicating a lack of serious investments in the project. Additionally, it has been revealed that this website is an exact clone of the pseudo-broker QNB Group, which has faced criticism. It appears that a rebranding was conducted without changing the informational content and platform design.
KNB Group claims the following statistical data:
- 30 million transactions,
- 10 million transactions,
- over 1000 active accounts in the last month.
Considering the broker’s insufficient real experience, these figures are likely manipulative. Additionally, the claim that the company collaborates with clients from over 120 countries does not align with reality, given its limited representation in English and Russian languages, which is insufficient for international operations.
Legal information
KNB Group presents itself as a regulated broker focused on compliance with legislation. According to its statement, its parent company is officially registered in Belize at the address: Corner Hutson & Eyre Street, Blake Building, Belize City, however, the provided coordinates are approximate.
Information about KNB Group is not present in the registry of legal entities in Belize, and the registration number provided is false. Furthermore, this company does not have a license for brokerage activities from the local regulator IFSC.
The KNB Group website claims not to provide services to residents of certain countries, yet despite this, the company clearly collaborates with traders from Russia, as evidenced by the initial reviews in the Russian-speaking segment and the Russian version. The pseudo-broker ignores the requirements of local legislation and lacks a license from the Central Bank of the Russian Federation.
What does the KNB Group platform offer?
The KNB Group website lacks a demo account, requiring initial real investments. Under the guise of educating beginners, they promise round-the-clock technical support, lucrative cashback, protection against negative balance, and training, but in practice, this may be a lure for inexperienced traders.
Information about the trading opportunities of the pseudo-broker leaves much to be desired, with no comprehensive descriptions provided. Among the conditions are:
- minimum entry threshold — $250,
- starting spreads from 1 to 2.3 points (depending on the account type),
- cashback from 20 to 60%,
- commission — $1 per trade,
- protection against negative balance.
No information confirming the broker’s financial discipline has been found, while negative reviews have already surfaced.
Reviews of collaborating with KNB Group
There are not many reviews about KNB Group yet, as the project is relatively new, but the existing comments already allow for initial conclusions. The company likely does not act honestly, with the aim of deceiving clients to earn large sums.
Operating principles of the fraudulent platform
To promote their offer, scammers use an affiliate program, promising generous rewards for attracting new participants. Managers of the fraudulent company strive to convince the client to make a minimal deposit of $250, then simulate trading, forcing additional investments. Details of the collaboration are concealed to individually manipulate each potential client.
When the client realizes they are being deceived, and trades are not actually conducted on the interbank market, they risk losing significant amounts. Subsequently, the remaining funds in the account also cannot be withdrawn (citing taxes, commissions, etc.). The most persistent traders seeking justice are simply blocked from their accounts.
Conclusion
KNB Group is a copy of the previous pseudo-broker, which has already received negative reviews. The new project will likely repeat its fate. However, at present, the platform actively attracts funds from the public. Be cautious, it is difficult to earn on this platform, let alone withdraw profits.