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The WikiFX Score of this broker is reduced because of too many complaints!

Kodin Capital Markets

Mauritius|2-5 years|
Suspicious Regulatory License|Suspicious Scope of Business|High potential risk|

https://www.kodincapital.com/

Website

Rating Index

Contact

+91 96263 00017
support@kodincapital.com
https://www.kodincapital.com/
20, Edith Cavell Street Port-Louis Level 6 Ken Lee Building Port-Louis MAURITIUS
The WikiFX Score of this broker is reduced because of too many complaints!

Licenses

No valid regulatory information, please be aware of the risk!

VPS Standard
*No restriction on the broker account

Single Core

1G

40G

1M*ADSL

Warning: Low score, please stay away!
2024-12-22
  • It has been verified that this broker currently has no valid regulation. Please be aware of the risk!
2

Basic information

Registered region
Mauritius
Operating period
2-5 years
Company Name
kodin capital markets limited
Abbreviation
Kodin Capital Markets
Company employee
--
Customer Service Email Address
support@kodincapital.com
Contact number
00919626300017
Company address
20, Edith Cavell Street Port-Louis Level 6 Ken Lee Building Port-Louis MAURITIUS
Keywords 4
2-5 years
Suspicious Regulatory License
Suspicious Scope of Business
High potential risk

賴妍安

Taiwan

In the meantime, he helped me deposit 15,700 US dollars. I made three orders on AdenMarkets and also made withdrawals. Later, I switched to two brokers, Kodincapita and obv, to deposit money by credit card. The credit deposit plus my savings deposited more than 60,000 US dollars. I just wanted to get my money back. I changed two brokers in the middle, and it was just right to switch to obv broker. During the Chinese New Year, I was asked to open a position in Platinum 68888. After the construction was completed, I was told that there would be a 5% tax on balances exceeding US$50,000. The tax could only be withdrawn after the tax was paid. After the tax was paid, I was told that I would have to queue up to withdraw the money.

Exposure

04-17

Fx3578064

Spain

In the beginning, in 2024, I met an old friend with a Hong Kong girl and started dating, her name is Kelly, she asked me to enter the Kodin capital Markets, every transaction didn't matter. At the end of the month I want to withdraw it, the account is blocked and unblocked by the, Forteclaim the reason was a that it was a pig butchering romance scam.

Exposure

03-12

Millie7039

Taiwan

I met Liu Shijie on IG in November. He was born on July 26, 1983. He is a native of Changde, Hunan, mainland China. He owns a store in Hong Kong. After adding as a friend, he chatted three times a day to express his concern and sweet words, and also talked about my living situation. He kept saying that he hoped to change my life, and said that women should have their own income. He himself was quarantined due to the epidemic. There was no income. Later, I concentrated on studying international gold, which was also profitable. He said he would take me to do it together. The first time I invested NT$10,000, I got the profit back immediately. The second time I invested NT$100,000, I made a profit of NT$10,000, so I took the profit back first, thinking that I could keep the principal and continue. invest. Later, they said that the platform would have a position building activity at the end of the year, and asked me to ask the customer service. They said that there were only 2 places left and told me that I could sign up. Afterwards, I learned that I could not cancel after signing up, and I had to invest 88888 USDT before I could withdraw money; I said that I When I ran out of funds, he asked me to apply for a personal loan. He also helped me deposit money. He also kept saying that the money was deposited into my account and not his. He kept asking me not to worry. Later, because of the New Year, he wanted When I returned to my hometown, I couldn’t contact anyone; I used the same platform as me, so I realized that I had been scammed; I told the black platform that I wanted to withdraw money, but the black platform opened a position because I hadn’t completed the platform and asked me to pay liquidated damages. 18888USDT, and you can only withdraw money after opening a position. I just want to ask for help to get back my principal of NT$700,000.

Exposure

03-04

Millie7039

Taiwan

I met Liu Shijie on IG in November. He was born on July 26, 1983. He is a native of Changde, Hunan, mainland China. He owns a store in Hong Kong. After adding as a friend, he chatted three times a day to express his concern and sweet words, and also talked about my living situation. He kept saying that he hoped to change my life, and said that women should have their own income. He himself was quarantined due to the epidemic. There was no income. Later, I concentrated on studying international gold, which was also profitable. He said he would take me to do it together. The first time I invested NT$10,000, I got the profit back immediately. The second time I invested NT$100,000, I made a profit of NT$10,000, so I took the profit back first, thinking that I could keep the principal and continue. invest. Later, they said that the platform would have a position building activity at the end of the year, and asked me to ask the customer service. They said that there were only 2 places left and told me that I could sign up. Afterwards, I learned that I could not cancel after signing up, and I had to invest 88888 USDT before I could withdraw money; I said that I When I ran out of funds, he asked me to apply for a personal loan. He also helped me deposit money. He also kept saying that the money was deposited into my account and not his. He kept asking me not to worry. Later, because of the New Year, he wanted When I returned to my hometown, I couldn’t contact anyone; I used the same platform as me, so I realized that I had been scammed; I told the black platform that I wanted to withdraw money, but the black platform opened a position because I hadn’t completed the platform and asked me to pay liquidated damages. 18888USDT, and you can only withdraw money after opening a position. I just want to ask for help to get back my principal of NT$700,000.

Exposure

03-03

LYL1748

Taiwan

We met on IG and chatted with each other Then we're in relationship. I was induced to invest and open a position. However, after opening a position, because the funds are deposited by two IPs, a deposit must be paid. Of course there was nothing left in the end.

Exposure

01-27

Badder dex

Pakistan

Love the ease of depositing funds, but the minimum deposit is a bit high for new traders. Hopefully, it'll pay off in the long run.

Neutral

08-01

Kim Min-jae

South Korea

Kodin Capital Markets provides vast assets to trade, especially futures and cryptocurrencies. Customer service is excellent.They are always quick to respond.👍👍👍

Positive

06-28

Tan Liang Jin

Singapore

Kodin platform occasionally lags, but it's not a deal-breaker. The mobile app is pretty user-friendly, though, so it's handy for trading on the go.

Positive

06-26

Ai 汐汐

New Zealand

Been very happy with trading with Kodin Capital Markets. Professional bunch of people and dealing with them is easy, unlike others who just push to make a sale. Withdrawal is not difficult once the documents are in order. Good experience certainly.

Positive

2023-03-07

9
Account Information
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Company Summary
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Review

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Website

  • kodincapital.com

    Server Location

    United States

    Website Domain Name

    kodincapital.com

    Server IP

    68.178.237.233

Company Summary

Aspect Details
Company Name Kodin Capital Markets Limited
Registered Country/Area Mauritius
Founded Year 2023
Regulation No Regulation
Tradable Assets Cryptocurrencies, Spot Metals, Forex, Spot Indices, Commodities, Futures
Account Types Micro, Mini, Premium, ECN, Demo Account Available
Minimum Deposit Micro: $100/mo, Mini: $500/mo, Premium: $2500/mo, ECN: $5000/mo
Maximum Leverage 1:400 (Micro, Mini, Premium), 1:300 (ECN)
Spreads Micro: 2 pips, Mini: 1.5 pips, Premium: 1 pips, ECN: 0.2 pips
Trading Platforms MT4, MT5
Demo Account Available
Customer Support Phone, Email, Address (London, United Kingdom)
Deposit & Withdrawal Visa, Skrill, Mastercard, UnionPay, Wire Transfer, NETELLER
Educational Resources Forex, Vanilla Options, CFDs, ETF Trading, Stock Trading

Overview of Kodin Capital Markets

Established in 2023 in Mauritius, Kodin Capital Markets emerges as a modern broker offering a variety of tradable assets, including cryptocurrencies and forex. It operates without traditional regulation, targeting a broad spectrum of traders with different account types and advanced trading platforms such as MT4 and MT5. Kodin Capital Markets provides attractive trading conditions, including up to 1:400 leverage and spreads as low as 0.2 pips for ECN accounts. The broker also focuses on trader education and offers extensive customer support alongside a range of payment methods.

Overview of Kodin Capital Markets

Pros and Cons

Kodin Capital Markets facilitates trading across a various range of market instruments, with an array of account types tailored to meet the needs of different trading strategies. The use of the MT5 platform enhances the trading experience with its advanced features and tools. For those using Micro accounts, there are no swap fees, which could be particularly advantageous for certain trading strategies.

On the downside, the broker operates without regulatory oversight, which significantly increases the risk of potential fraud and the loss of funds. Without a regulatory body to monitor and enforce fair trading practices, clients lack the assurance that their interests are protected. Additionally, while ECN accounts benefit from lower spreads, they are also subject to commission charges, which may impact profitability.

Pros Cons
  • Extensive market instruments offered
  • No regulatory oversight
  • Various account types available
  • High risk of fraud and fund loss
  • MT5 trading platform utilized
  • No client fund protection
  • Low ECN spreads starting from 0.2 pips
  • Lack of fair trading practice assurance
  • Swap-free options for Micro accounts
  • Commissions on ECN accounts

Is Kodin Capital Markets legit or a scam?

Kodin Capital Markets operates without regulatory oversight, posing substantial risks to traders. The lack of regulation signifies an absence of formal protection mechanisms for client funds and adherence to fair trading practices.

Is Kodin Capital Markets legit or a scam?

Market Instruments

Kodin Capital Markets appeals to traders with a broad spectrum of market instruments, including cryptocurrencies, spot metals, forex, spot indices, commodities, and futures. This diversity ensures traders can access various asset classes, from the rapidly evolving cryptocurrency market to traditional commodities and forex markets. The availability of trading on the MT5 platform enhances the trading experience with advanced tools and functionalities. Whether traders are interested in the volatility of cryptocurrencies or the stability of spot metals, Kodin Capital Markets provides ample opportunities for investment and trading strategies.

Market Instruments

Account Types

Kodin Capital Markets introduces five specialized trading accounts, meeting the various needs of its clientele, from beginners to advanced traders.

Micro Account

  • Minimum Deposit: $100 per month

  • Leverage: Up to 1:400

  • Spreads: Starting at 2 pips

Mini Account

  • Minimum Deposit: $500 per month

  • Leverage: Up to 1:400

  • Spreads: Starting at 1.5 pips

Premium Account

  • Minimum Deposit: $2500 per month

  • Leverage: Up to 1:400

  • Spreads: Starting at 1 pip

ECN Account

  • Minimum Deposit: $5000 per month

  • Leverage: Up to 1:300

  • Spreads: As low as 0.2 pips

Additionally, Kodin Capital Markets provides a demo account option for those looking to practice their trading strategies in a risk-free environment.

Account Type Minimum Deposit Leverage Spreads
Micro $100 per month Up to 1:400 Starting at 2 pips
Mini $500 per month Up to 1:400 Starting at 1.5 pips
Premium $2500 per month Up to 1:400 Starting at 1 pip
ECN $5000 per month Up to 1:300 As low as 0.2 pips
Account Types

How to Open an Account with Kodin Capital Markets

To initiate trading with Kodin Capital Markets, the account opening process has been simplified into three essential steps:

  1. Account Registration: Begin by completing the account registration form on Kodin Capital Markets' platform, providing necessary personal details.

  2. Account Funding: Proceed to deposit funds into your account using any of the provided deposit options that suit your convenience.

  3. Begin Trading: With your account funded, you're ready to engage in trading across the vast capital markets that Kodin Capital Markets offers access to.

Leverage

Kodin Capital Markets provides a tailored leverage setup across its account offerings, appealing to a wide range of trading preferences. The leverage arrangements are as follows:

  • Micro and Mini Accounts: Both offer up to 1:400 leverage, enabling significant market exposure for a modest initial deposit. These accounts are designed to facilitate a broad spectrum of trading strategies, including the use of Expert Advisors, with the Mini account introducing swap charges.

  • Premium Account: Maintains the 1:400 leverage offering but with reduced spreads for improved trading conditions, suitable for traders seeking more value in each transaction. It supports Expert Advisors and includes swap charges.

  • ECN Account: Specifically designed for sophisticated trading, this account offers a reduced leverage of up to 1:300, aligning with the needs of high-volume traders by providing ultra-low spreads and including commission charges.

Leverage

Spreads & Commissions

Micro Account

  • Spreads: Starts from 2 pips

  • Commissions: No commission

  • Target Audience: Beginners or low-volume traders

Mini Account

  • Spreads: Reduced to 1.5 pips

  • Commissions: No commission

  • Benefits: Balances lower costs with manageable deposit requirements

Premium Account

  • Spreads: Further reduced to 1 pip

  • Commissions: No commission

  • Advantages: Suits more experienced traders seeking cost efficiency

ECN Account

  • Spreads: Tightest, starting from 0.2 pips

  • Commissions: Commission-based structure

  • Created For: High-volume, high-frequency traders

Account Type Spreads Commissions Description
Micro Starts from 2 pips No commission Suitable for beginners or low-volume traders
Mini Reduced to 1.5 pips No commission Balances lower costs with manageable deposit requirements
Premium Further reduced to 1 pip No commission Ideal for experienced traders seeking cost efficiency
ECN Tightest, starting from 0.2 pips Commission-based Created for high-volume, high-frequency traders
Spreads & Commissions

Other Fees

Kodin Capital Markets outlines the swap fee structure within its various account offerings, demonstrating a tailored approach to trading costs. The Micro account benefits from the absence of swap charges, providing a cost-effective option for traders not holding positions overnight. Conversely, the Mini, Premium, and ECN accounts incorporate swap fees, highlighting Kodin Capital Markets' provision for overnight position holders. Swap fees reflect the cost or credit received for holding positions beyond the standard trading day, influenced by the varying interest rates across currencies.

Trading Platform

Kodin Capital Markets provides access to global markets via the acclaimed MetaTrader 4 and MetaTrader 5 platforms by MetaQuotes. These platforms are celebrated for their robustness and extensive trading functionalities, such as sophisticated charting options, automated trading via Expert Advisors, various order types, and a wide range of over 300 tradable assets. Available for both Android and iOS devices, MT4 and MT5 ensure trading flexibility for Kodin Capital Markets' clients. Specifically, MT5 offers enhanced features for advanced trading, including auto-trading systems, comprehensive technical tools, and copy trading, supporting a wider variety of asset classes and ensuring superior execution for traders.

Deposit & Withdrawal

Kodin Capital Markets provides several payment methods for both deposits and withdrawals, including Visa, Skrill, Mastercard, UnionPay, Wire Transfer, and NETELLER. This range encompasses a mix of traditional banking options and digital wallets, covering a broad spectrum of trader preferences for transaction methods.

Deposit & Withdrawal

Customer Support

Phone: +91 96263 00017

Email: support@kodincapital.com

Address: 71-75 Shelton Street, America, London, United Kingdom, WC2H 9JQ

Educational Resources

Kodin Capital Markets offers an educational section 'Trading' on their website, encompassing a broad range of topics crucial for both novice and experienced traders. This section delves into the fundamentals of Forex trading, Vanilla Options, CFDs, ETF Trading, and Stock Trading, enhancing traders' understanding of the markets and assisting in the refinement of their trading approaches.

Conclusion

Established in 2023 in Mauritius, Kodin Capital Markets offers a broad spectrum of trading options, including advanced platforms like MT4 and MT5, across a variety of accounts with leverage up to 1:400 and low spreads for ECN accounts. Despite these offerings, its lack of regulatory oversight significantly heightens the risk of fund loss and fraudulent practices, posing a considerable gamble for traders. The provision of educational resources and various payment methods are positives, but the potential for high commissions on ECN accounts and the overarching concerns about security and fairness may overshadow these benefits.

FAQs

Q: Is Kodin Capital Markets regulated?

A: Kodin Capital Markets is not regulated.

Q: What account types does Kodin Capital Markets offer?

A: They provide a range of accounts, including Micro, Mini, Premium, and ECN, plus a demo account for practice.

Q: What leverage does Kodin Capital Markets offer?

A: Leverage up to 1:400 is available, appealing to various trading strategies.

Q: What trading platforms does Kodin Capital Markets support?

A: Traders can use both MT4 and MT5 platforms for their trading activities.

Q: Does Kodin Capital Markets provide educational content?

A: Yes, they offer educational materials to support trader development.

Q: What's the minimum deposit at Kodin Capital Markets?

A: Minimum deposits vary, accommodating different trader preferences and capacities.

Q: What are the risks of trading with Kodin Capital Markets?

A: Without regulatory oversight, trading with Kodin Capital Markets carries increased risks related to fund security and equitable trading conditions.

Risk Warning

Online trading poses substantial risks, with the potential for complete loss of invested capital, rendering it unsuitable for all traders. It is imperative to comprehend the inherent risks and acknowledge that the information provided in this review is subject to change due to continuous updates in the company's services and policies.

Additionally, the review's generation date is a critical consideration, as information may have evolved since then. Readers are strongly advised to verify updated details directly with the company before making any decisions, as the responsibility for utilizing the information herein rests solely with the reader.

Keywords

  • 2-5 years
  • Suspicious Regulatory License
  • Suspicious Scope of Business
  • High potential risk

Review 9

All(9) Latest Positive(3) Neutral(1) Exposure(5)
Millie7039

Within 1 year

Taiwan

Exposure
Mind tricks, pretending to be sincere but deceiving people
I met Liu Shijie on IG in November. He was born on July 26, 1983. He is a native of Changde, Hunan, mainland China. He owns a store in Hong Kong. After adding as a friend, he chatted three times a day to express his concern and sweet words, and also talked about my living situation. He kept saying that he hoped to change my life, and said that women should have their own income. He himself was quarantined due to the epidemic. There was no income. Later, I concentrated on studying international gold, which was also profitable. He said he would take me to do it together. The first time I invested NT$10,000, I got the profit back immediately. The second time I invested NT$100,000, I made a profit of NT$10,000, so I took the profit back first, thinking that I could keep the principal and continue. invest. Later, they said that the platform would have a position building activity at the end of the year, and asked me to ask the customer service. They said that there were only 2 places left and told me that I could sign up. Afterwards, I learned that I could not cancel after signing up, and I had to invest 88888 USDT before I could withdraw money; I said that I When I ran out of funds, he asked me to apply for a personal loan. He also helped me deposit money. He also kept saying that the money was deposited into my account and not his. He kept asking me not to worry. Later, because of the New Year, he wanted When I returned to my hometown, I couldn’t contact anyone; I used the same platform as me, so I realized that I had been scammed; I told the black platform that I wanted to withdraw money, but the black platform opened a position because I hadn’t completed the platform and asked me to pay liquidated damages. 18888USDT, and you can only withdraw money after opening a position. I just want to ask for help to get back my principal of NT$700,000.
03-04
Millie7039

Within 1 year

Taiwan

Exposure
Mind tricks, pretending to be sincere but deceiving people
I met Liu Shijie on IG in November. He was born on July 26, 1983. He is a native of Changde, Hunan, mainland China. He owns a store in Hong Kong. After adding as a friend, he chatted three times a day to express his concern and sweet words, and also talked about my living situation. He kept saying that he hoped to change my life, and said that women should have their own income. He himself was quarantined due to the epidemic. There was no income. Later, I concentrated on studying international gold, which was also profitable. He said he would take me to do it together. The first time I invested NT$10,000, I got the profit back immediately. The second time I invested NT$100,000, I made a profit of NT$10,000, so I took the profit back first, thinking that I could keep the principal and continue. invest. Later, they said that the platform would have a position building activity at the end of the year, and asked me to ask the customer service. They said that there were only 2 places left and told me that I could sign up. Afterwards, I learned that I could not cancel after signing up, and I had to invest 88888 USDT before I could withdraw money; I said that I When I ran out of funds, he asked me to apply for a personal loan. He also helped me deposit money. He also kept saying that the money was deposited into my account and not his. He kept asking me not to worry. Later, because of the New Year, he wanted When I returned to my hometown, I couldn’t contact anyone; I used the same platform as me, so I realized that I had been scammed; I told the black platform that I wanted to withdraw money, but the black platform opened a position because I hadn’t completed the platform and asked me to pay liquidated damages. 18888USDT, and you can only withdraw money after opening a position. I just want to ask for help to get back my principal of NT$700,000.
03-03
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