KS Securities Review

An Illegitimate Broker You Should Stay Away From

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Published: 13 May 2020

Posted by: Anonymous

KS Securities is a company owned by KS Securities Vermögensverwaltung GmbH. The address of the company is mentioned as Kärntenr Ring 11-13, Top 472, 1010Wein, Osterreich. It is based out of Austria. It is claimed to be operational since 2010.

The regional financial regulatory body of Austria is the Financial Market Authority (FMA). Established in the year 2002, it is responsible for the financial regulation of Austria’s markets. KS Securities is not registered with FMA. The company does not have any legal authority to render its services in Austria. It can be checked at https://www.fma.gv.at/en/

Warning by Austrian FMA

The FMA has issued a warning against KS Securities. It has cleared that the KS Securities is not registered with the authority. It can be verified at the link https://www.fma.gv.at/en/https-ks-securities-com/

Lapsed license of KS Securities Vermögensverwaltung GmbH

To our surprise, Austria’s watchdog has also clarified that the license of the parent group of the company KS Securities Vermögensverwaltung GmbH has also expired in the year 2002. Neither KS Securities nor its owner possess legal authority to provide trading services to the customers.

Warning by CONSOB

The Commissione Nazionale per le Societa e la Borsa, the Italian overseer of the financial authorities, has issued a warning against the KS Securities. It is thus not allowed to do any business in Italy. It can be cross-examined at http://www.consob.it/web/consob-and-its-activities/warnings?viewId=ultime_com_tutela

Warning by DFSA

The Danish Financial Supervisory Authority (DFSA) has issued a warning to KS Securities for its illegal services in the region. KS Securities is not allowed to provide its services to traders in Denmark. The same can be verified at https://www.dfsa.dk/News/Advarsler-fra-andre-tilsynsmyndigheder

Warning by CMVM

The reputed Portuguese Securities Markets Commission is a government regulatory agency. The Comissão do Mercado de Valores Mobiliários (CMVM) is responsible for the regulation of financial markets in the Portugal region. It has also released a red flag against the fraudulent operations of KS Securities. You can find that here: https://web3.cmvm.pt/english/sdi/ifs/app/alertas.cfm

KS Securities is an offshore unregulated broker. There are no valid details about the titleholders of the company. It is not regulated under the regional Financial Market Authority (FMA). Additional indicators to this are the warnings raised by Austria’s FMA, the Italian CONSOB, the Danish DFSA, and the Portuguese CMVM against the illegal services of the company. The company is not regulated by any of the reputed governing bodies and is already under lens for spurious activities.

The traders and their trading practices going on in the company are not secure. The funds are not held in segregated accounts. There is no safety of funds and it is used for criminal activities. The traders are not protected against the loss of funds in case the company went bankrupt. It is highly recommended to avoid dealing with KS Securities.

Trading Conditions and Accounts

KS Securities is into forex trading and CFDs. There is no provision of demo accounts. The demo account does not involve any real money and it removes the psychological element of the risks involved in trading with the same.

A trader can test his strategies on the defined leverage and spreads. A demo account, apart from giving the mental freedom, helps the trader in understanding the trading platform safely.

The company has failed to provide the free demo account. Instead, it provides 4 types of live accounts.

  1. Micro Account: The minimum initial deposit for this basic account of the company is $500. It is 10 times higher than the regular minimum deposit account of $50. There is no information about the spread and leverage.
  2. Gold Account: For a gold account, the company asks for a minimum initial deposit of a whopping $5,000. It is 10 times higher than their basic account. It is shocking to learn that the company does not provide any specialized services to gold account holders except for the daily recommendations which are baseless considering the volatility of the trading markets. The same services are provided at two different costs of $500 and $5,000.
  3. Platinum Account: A three times rise in the first deposit will land you into the platinum account of the company. This account makes you eligible for a trading accounts manager, about which less can be drawn. If you allow someone to trade from your side, there must be some guarantee of the trading skills of the account manager. Sadly, the company fails to provide its traders the same.
  4. Islamic Account:  The Islamic account is provided only to the traders with Islamic faith. The minimum initial investment is set at $1,000 which is very high as compared to the competitor’s Islamic accounts.

KS Securities disappoints the traders with non-availability of trading accounts and the concerned trading conditions. The company has not even once mentioned any details about the spread and the leverage ratios. It can only be guessed in a live account, which in turn is quite expensive. There is no provision of PAMM accounts. The company has thus, cunningly built this vicious cycle of money-laundering in which the traders are left to gripe and no legal aid can be provided to them.

Their Trading Platform

KS Securities does not bend away from the regular Meta Trader platform. It provides services on MetaTrader 5. Developed by the MetaQuotes Software Corporation it is the best trading platform. It is an overall digital trading platform that allows a customizable trading environment for its traders. Starting from the analytical methodology to the trading signals, MetaTrader 5 never lets its users down.

Deposit and Withdrawals

There is again a silence on the deposit and withdrawal conditions and methods adopted by the company. KS Securities review has found that it accepts the bank wire transfers and credit/debit cards as payment methods.

There are no details about the deposit and withdrawal fee. Nothing is mentioned about the minimum deposit and withdrawal limits. The company has failed to maintain transparency in its transactions. It is indicative of the hidden charges levied by them. KS Securities has given itself the supreme right to charge any amount in the lieu of a fee for its services.

Rotten Website and Social Presence

The website of the company is https://ks-securities.com/.

Against the claims of a company to be established in the year 2010, the domain is registered in the year 2019.

The company has failed to understand the value of social media. There are no active accounts of the company on any of the leading social media like Facebook, Twitter, etc. The company would have taken it as a token of responsibility to get connected to the customers.

Weak social media shows their lethargic approach to marketing. Negative responses of the traders are another reason why the company is not making an effort to have any active presence on social media. The accounts are swarmed with the negative feedback of the traders.

Absent Technical Support

KS Securities has slipped again in providing quality technical and customer services to its traders. There are no options for live chat or Skype numbers. The regional numbers are provided but the company is not even allowed to provide services in these areas.

The quality and reliability of technical support are not established. There are no valid ways to get connected to the company representatives. If a trader is stuck in any technical problem with his trading account, it takes a week for the team to get back to the trader. That is, in other words, a sheer wastage of the money and time of the trader.

Concluding Thoughts

KS Securities has managed to score as low as a 0.5 on 5 point rating scale. A long directory of censorship from the respectable regulating authorities clarifies the level of professionalism adopted by the company. It is an unregulated broker firm that has earned a bad name due to its fake claims and illegal services.

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