Kaf Trade is a broker operating from London, United Kingdom but with phone numbers from 3 different countries.
Kaf Trade is running its business from the domain kaftrade.com and claiming to provide 1000 financial instruments spanning from Forex, Commodities, Metals and Energies.
Kaf Trade also provides 5 different account types with minimum deposit starting at €250.
The maximum leverage is an abnormal 1000:1, plus some of their account types come with technical analysis, trading signals and 1-on-1 support.
Currently, the most expensive account to fund is the Prime account type which demands €5,000.
Is Kaf Trade legit broker?
No, this broker is not legit and therefore is a scam.
They claim that they’ll safeguard your capital because they’re members of Investor Compensation Fund (ICF).
We have not established the truth in this statement, plus we have also seen that KafTrade is an unregulated broker.
When you deposit money with this broker, you will most likely fail to get it out of the platform because unregulated brokers have a tendency of keeping any money that enters their payment systems.
Kaf Trade is basically a trap waiting to catch the naive trader looking to exploit the Forex market for the first time.
If you go there, you will lose all your money. So stay away from this unregulated entity.