The truth about KOYA Trading: a review of the fraudulent broker, customer reviews.
**The truth about KOYA Trading: an honest broker review, customer feedback**
Every dishonest broker chooses their own strategy to deceive clients. Some scammers promise clients huge profits using deceptive tricks. This is the most common scheme. However, there are also more cunning and well-thought-out pseudo-brokers. They establish cunning conditions in the user agreement, depriving clients of their rights. One of such fraudulent organizations is **KOYA Trading**.
What is known about KOYA Trading: a review of data from the internet
Koya Trading has been operating for over 10 years, which is surprising for a broker with a suspicious reputation. However, upon analysis, it was found that this fraudulent company has created a false reputation for itself. It positions itself as a ‘reliable broker and investment manager from Switzerland’, but there is no information about **KOYA Trading** on the FINMA website (Swiss regulator).
They rely on the fact that clients will not verify the documentation. Unfortunately, in many cases, this deception works. **KOYA Trading** aggressively fights negative reviews online – they simply delete them.
KOYA Trading is operated by Elhaz Angitu. Legal documentation indicates subordination to Saint Vincent and the Grenadines (an offshore zone). The office is located at: First Bank Building, Kingstown, SV&G, 1574 VC0100, which is a common location for fraudsters.
There are no reviews about the management. Probably, this is done on purpose to avoid responsibility in case of disputes or fund losses. This is how all fraudulent brokers act, not wanting to be accountable for their actions.
Review of the koya-trading.com website
The **Koya Trading** website is designed to help clients achieve financial success. However, in reality, only the brokerage company benefits from this.
The site has a beautiful design and is available in multiple languages. The interface is informative and clear, with data categorized.
Check out the main sections:
- Services – information about trust management, currency investing, premium services, and other services of **KOYA Trading**.
- About the company – description of the company’s main advantages.
- Partnership – information about the partnership program.
- Info Center – useful information for successful trading.
- Risks and confidentiality – important documents and notices.
Registration: necessary data to open an account
To start using the broker’s services, you need to register on the website. The registration process is simple and only takes a couple of minutes. You need to provide an email address, password, name, surname, phone number, country of residence, and other details.
However, it is important to remember that during registration, it is necessary to carefully study the user agreement to avoid misunderstandings.
Broker agreement: a review of the user agreement
The user agreement defines the terms of cooperation between the broker and clients. It is important to pay attention to points such as:
- 2.19 – transferring asset management rights to the broker.
- 4.4 – the obligation to provide documents to the company.
- 4.11 and 4.12 – penalty sanctions for violating conditions.
- 4.13 – responsibility for capital preservation.
- 5.17 – the possibility of account cancellation due to inactivity.
There are other provisions that make clients vulnerable to **KOYA Trading**. Customer reviews emphasize that a careful study of the user agreement would have saved them from a negative experience.
Review of trading conditions at **KOYA Trading**
We won’t go into detail about all trading conditions, let’s highlight only the key points:
- Entry threshold – $100.
- Lot size – from 0.01.
- Leverage – 1:25.
- Demo account available.
- Order execution – instant execution.
- Over 150 assets including currencies, stocks, metals, and others.
For trading, the WebTrader platform is recommended. Both desktop and mobile applications for Android are available. Deposits and withdrawals are possible through various payment systems.
Feedback on **KOYA Trading**
There are many negative reviews about **KOYA Trading** online. Clients complain about fund losses and speak extremely negatively about the company’s fraudulent actions.
We recommend reading customer reviews to form an objective opinion about the broker.
Conclusion
An expert review of **KOYA Trading** has shown that it is better to avoid this company. Due to the deceitful user agreement, lack of a license, and other factors, it is recommended not to entrust your capital to this broker. It is better to seek more reliable alternatives.
Author: Anastasiia Chabaniuk