Kowela Review
GET A FREE CONSULTATION
Kowela (kowela.com) is a CFD and forex broker that was formed in 2021. With over 1,500 trading instruments across different asset categories, there has to be carefulness for the traders. Multiple negative Kowela Review reviews point towards suspicion against its regulation, legitimacy, and fund security.
Lack of Regulation and Warnings from Authorities
The major concern regarding the Kowela is the way it has been unregulated. Despite being registered in Saint Vincent and the Grenadines, this does not mean that the company can offer financial services. Neither forex brokers nor forex licenses are regulated by the SVG FSA.
Several financial regulators have issued warnings against Kowela:
- According to Spain’s CNMV (March 28, 2022) – Kowela is not allowed to offer investing services.
- Hong Kong’s SFC (May 31, 2023) – Identified Kowela as an unlicensed entity.
- France’s AMF (February 21, 2024) – Added Kowela to its alert list for unauthorized forex activities.
These warnings indicate that trading with kowela.com is risky, as there is no regulatory oversight protecting investors.
Trading Platform and Offerings
Kowela provides its clients with a web and mobile trading platform but doesn’t talk much about its features, security, or trading terms. There’s a huge selection of assets available for trading, from currencies, and stocks to indices, commodities, and cryptocurrencies. However, one shouldn’t forget that the broker has no regulation.
Many complaints from customers on Kowela Review highlight issues that have to do with the trading platform. Such problems include the possibility of price manipulation and also the limitations of withdrawal. Without regulation, it is not possible to guarantee that the platform’s operations will be run fairly.
Deposit and Withdrawal Issues
Kowela accepts payment by bank transfer, credit or debit card, and cryptocurrency, but information about fees and processing times is not disclosed. The vast majority of traders complain about their inability to withdraw funds, either because of long delays or outright denials.
Because Kowela stands beyond the law, traders are left without legal protection against the withholding of their funds.
Is Kowela a Scam?
Based on several Kowela Review observations, this broker indicates severe warning signs of a scam. The absence of regulation, several warnings issued by financial regulators, negative trader reviews, and withdrawal problems render it a risky platform.
If you have already made deposits with Kowela and are experiencing problems, get professional help right away.
How to Recover Lost Funds
Professional assistance is available if Kowela or any other dishonest broker has defrauded you. At cryptoscams.com.au, we specialize in investigating and recovering lost funds for scam victims.
Visit cryptoscams.com.au today to start your recovery process! Don’t let scammers win—take action now!
Final Verdict
Kowela shows some serious red flags such as a lack of regulations, withdrawal problems, and serious multiple warnings by world financial authorities. The findings of the Kowela Review indicate that this broker is not trustworthy for traders to consider. Traders are advised to shun Kowela and go only with regulated, reputable brokers. If you have been a victim, please contact cryptoscams.com.au for assistance in recovering your funds.
Also, check some scam broker reviews here.
Visit CryptoScams Facebook Page.