The company KLG-ctx offers various types of working on the exchange, from traditional and algorithmic to NFT trading. The project was registered in the Republic of Vanuatu in August 2023. According to the founders’ statements, the organization’s office is located in Triesen. It is claimed that the broker’s activities are regulated by independent organizations, but the name of any of these organizations is not specified. Do you consider this platform to be reliable and safe?
Trading Conditions
KLG-ctx offers trading CFDs on indices, currency pairs, cryptocurrency stocks, and other assets. Trading is available on a proprietary platform, and there is an economic calendar for getting financial news. Each trader is offered a financial plan. The leverage can reach up to 1:50, and the minimum deposit is 1:500. There are three types of accounts available:
- Starter.
- Standard.
- VIP.
Depending on the amount of money invested, clients may have access to deposit insurance, deposit protection, and additional services. Technical support is available 24/7 and can be contacted by phone or email. To register in KLG-ctx, you will need to provide your name, surname, contact information, and referral code if applicable.
When I asked where they were registered, KLG-ctx started talking about their office. I clarified if the actual address matched the legal one, but they dodged the topic. Then I asked which regulator issued them a license, and they said "international." I asked them to provide the specific name, but they didn't. Well, finally, I decided to ask them a couple of simple questions, to which they also answered inaccurately. Overall, I uncovered their deception and I am satisfied.
And finally... regulated activity? Why is there not a single document or even a specific mention of a regulator? Are we supposed to believe KLG-ctx just based on their words?