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WikiFX Broker Assessment Series | Is Kodin Capital Markets Reliable?

WikiFX | 2024-01-24 10:33

Abstract：Kodin Capital Markets is an online forex broker offering various industry market instruments. In this article, we make a comprehensive review of this broker in order to help you understand Kodin Capital Markets better.

About Kodin Capital Markets

Registered in Mauritius，Kodin Capital Markets is an online forex broker offering various market instruments, including Forex, spot Metals, cryptocurrencies, spot indices, commodities, futures, etc. However, WikiFX has given this broker a low score of 1.22/10. But why？

Is it Legit？

According to what we know so far, this broker is not regulated by any regulatory institution. This is a red flag, we advise traders to be careful about this issue.

Trading Platform

Kodin Capital Markets offers the popular MetaTrader 5, which is available for automated trading and EA trading, helping traders of all levels to develop different trading strategies and help traders get ahead in the financial markets.

Account Types & Minimum Deposit

This broker offers four types of accounts, they are Islamic account, ECN account, Standard account, and Pro account. The minimum deposit for a Standard account is 50 USD.

Comments related to This Broker

The comment section on WikiFX allows people to describe how they feel about this broker. Below is what people think about the Kodin Capital Markets.

Conclusion

This broker is not a good option for you to invest in as it is unregulated. Before deciding to invest with Kodin Capital Markets or any broker, it's crucial to stay updated with the latest information on WikiFX and conduct your due diligence. Market conditions and broker reputations can change, so make sure to make informed decisions to avoid potential regrets in your trading journey

Forex Broker

Related broker

No Regulation

Kodin Capital Markets

Company name：kodin capital markets limited

Score

1.41

Website：https://www.kodincapital.com/

2-5 years | Suspicious Regulatory License | Suspicious biz area | High potential risk

Score

1.41

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