Keler Group claims to help you create a new digital economy. While this may sound tempting, it means nothing without actual proof that you’ll be able to withdraw the profit you make.
Since Keler Group is unregulated and there are a lot of concerns regarding the broker’s business, we’ve done a detailed review. Read carefully.
Also, we recommend you not to invest in the fraudulent brokersTraderActive,PrismCapitalandGMT Trading.
| Broker status: | Unregulated Broker |
| Regulated by: | Unlicensed Scam Brokerage |
| Scammers Websites: | kelergroup.com |
| Blacklisted as a Scam by: | N/A |
| Owned by: | Digital Markets |
| Headquarters Country: | Switzerland (allegedly) |
| Foundation year: | 2021 |
| Supported Platforms: | WebTrader |
| Minimum Deposit: | 250 USDT |
| Cryptocurrencies: | Available – 20+ assets |
| Types of Assets: | Cryptocurrencies |
| Maximum Leverage: | 1:20 |
| Free Demo Account: | Not Available |
| Accepts US clients: | N/A |
Does Keler Group Have a Trade License?
Keler Group is allegedly a brand of Digital Markets located in Switzerland. For this to be true, the company should be registered with the Swiss regulator, FINMA, and hold a valid license for Forex and CFD trading.
Of course, we found nothing upon checking FINMA and other Tier1 registers, such as ASIC, FCA, and BaFin.
It means that you have no money-back guarantee, and your funds can easily be stolen. If you try and complain, you won’t find the owner, as we highly suspect the address in Switzerland is correct.
Reasons Not to Trust an Unlicensed Broker
Licensed brokers have several obligations – maintaining the level of capital, providing negative balance protection, limiting the leverage, and keeping your funds in segregated accounts.
With companies such as Keler Group, you won’t see it. Instead, your funds will be transferred directly to the broker’s wallet. And they can disappear at any time.
So Is Keler Group a Decent Broker or a Scam?
Keler Group is an online financial services provider without a license. The company is anonymous, hiding behind false addresses in Switzerland.
What Do Traders Think Of Keler Group?
Keler Group is rated 2.5 stars, having been marked as poor on Trustpilot. Instead of us talking, we’ll show you an example of a review.
“FRAUD COMPANY..!!!
BEWARE OF THEM THEY ARE WORST AND HIDE THE PROCESS OF WITHDRAWAL YOUR MONEY !
THEY WILL STEAL YOUR EVERY SINGLE DOLLAR….!!!!
PLEASE DON’T TRUST THEM FOR SINGLE CENT AND NOT AT ALL WORTH OF EVEN TALKING WITH THEM !
THEY HAVE TOOK MY $44K INCLUDING CAPITAL GAIN TAX AND EXCHANGE FEES WHICH WAS NOT INTRODUCE AT THE FIRST PLACE AND NOT RETUNING MY MONEY. THEY STILL KEEP ASKING MORE MONEY THROUGH BLOCKSUPPORT !”
– Trustpilot Customer
What Platform Does Keler Group Offer To Trade On?
Instead of offering us a platform overview, we’ve had to wander around the website. In the FAQ section, we stumbled upon information that Keler Group provides its customers with a WebTrader.
Since there’s no Demo account and we’re unwilling to invest, we cannot say much. Yet, we’re sure that no web-based platform can come close to what an MT4 or MT5 can give. Starting with the customizable interface all the way to a vast number of charts and indicators.
Keler Group Accounts Overview
There are 4 account types you can test. They are:
- Basic – $250, 10% bonus, personal account manager
- Bronze – $2,500, 15% bonus, 2 trading sessions per week
- Silver – $10,000, 20% bonus, 1% monthly withdrawal in dividend
- Gold – $25,000, 25% bonus, automated 2% monthly withdrawal in dividend
Besides the difference in the initial deposit, each account brings small benefits.
Can I Try to Trade With a Demo Account?
As mentioned, there’s no available Demo account. It means that you cannot test the system risk-free. Instead, you will need to deposit a minimum of $250. And that’s something you want to avoid, as you can easily stay without a penny.
Keler Group Broker – Countries Of Service
Our findings show that the Keler Group trading scam is mainly present in:
- UK
- Austria
- Hungary
- Spain
- Sweden
Deposit Bonus Fraud
Keler Group offers a 10-25% deposit bonus. However, there’s no free money. If you hoped that this would increase your balance and potential earnings, you should see the other side as well. You won’t be able to make a withdrawal until you reach a certain rollover.
According to T&C, you need a rollover of the total deposit plus the bonus amount multiplied by 50 before being eligible to request a payout. And that’s how scheme firms hold your funds indefinitely.
Keler Group Range of Trading Markets
Keler Group allows trading only in the crypto market. According to the website, there are over 20 tradable digital currencies.
To start with, this amount of assets is extremely low. If a firm decides to focus on one asset only, it should at least provide a sufficient amount of options.
Also, being unregulated makes Keler Group unsafe for your funds, so the market range doesn’t matter much. You should stay away.
What Trading Terms Are Offered By Keler Group?
Keler Group offers high leverage of 1:20. While this may not sound a lot, regulators have a limit of 1:2 for crypto trading due to assets’ high volatility. Yes, Keler Group gives you a chance to earn 20 times more profit, but it also enables you to lose your funds 20 times faster.
The spread hasn’t been disclosed, leaving us to wonder about trading costs. All in all, transparency and following orders are not something Keler Group is all about.
Keler Group Funding and Withdrawal Methods
The only available payment method is crypto. The minimum starting amount is 250 USDT, equal to $250. This is standard for online trading brokers, but too much to give to an unregulated firm.
Withdrawals are allegedly free of charge. Yet, it’s easy to advertise something free when there’s not even a possibility of getting your money back due to the company’s hidden clauses.
Why Is Paying In Cryptocurrency Unsafe?
Crypto payments are unsafe due to the transaction nature. Digital coins are anonymous; funds are transferred from one wallet ID to another. Yet, discovering who’s behind the ID can be quite a challenge.
Furthermore, these transactions are not subject to a chargeback or a recall, so even if you wanted to try and recover the money, it’d be hard.
Scammed by Keler Group Broker? – Let Us Hear Your Story
If you find yourself scammed by Keler Group, let us know. Our recovery experts have been dealing with crypto scammers in the past and can assist you in getting a refund.
Don’t wait for the broker to vanish. Act now, book your free consultation, and let’s work together. You’re not alone!