Kane LPI Solutions Limited describes itself as a platform developed by traders and for traders. Undoubtedly, almost every third company makes similar claims. However, 95% of them turn out to be scams. So, is it worth trusting such words? We will answer this question in our review.
- Kane LPI Solutions Limited General Information
- Registration and Client Portal Review
- Trading Conditions
- Account Types Review
- Trading Platform
- Kane LPI Solutions Limited — Deposit and Withdrawal of Funds
- Verification
- Additional Options
- Is Kane LPI Solutions Limited a Scam?
- Legal Information and License
- Kanelpisolutionsltd.com Domain Info
- Contacts Review
- More Details
- Pros and Cons
- Frequently Asked Questions (FAQ)
Kane LPI Solutions Limited General Information
| Website | https://www.kanelpisolutionsltd.com/ |
| Phone Number | +442033767707
+97145429312 |
| support@kanelpisolutionsltd.net | |
| Address | The Gate Village 1, 2nd Floor Unit 8, PO Box 506732, Dubai, United Arab Emirates |
| License | — |
| Minimum Deposit | €100 |
| Assets | CFDs |
| Leverage | 1:100 |
| Trading Platform | WebTrader |
Registration and Client Portal Review
Kane LPI Solutions Limited has undoubtedly put effort into its website. The company has designed it in beautiful green tones, attempting to give it a sense of grandeur or even some degree of whimsy. Users are greeted with a massive promotional video. Of course, the video itself doesn’t carry any inherent value. It briefly outlines the company’s main principles and provides additional information about offices, operating periods, and more. Traders are given a little insight into the broker. Legal information is also available, which is undoubtedly a significant plus. However, there are downsides. Interestingly, the project’s website is only available in Russian and English. Additionally, it’s worth noting that some important sections and information are missing. Despite all efforts, we cannot classify the website as top-notch.
The registration form of the company appears very simple. In fact, even too simple. While legitimate brokers immediately require you to provide a plethora of information, including your address and financial experience, Kane LPI Solutions Limited will only ask for your:
- Full name.
- Phone number.
- Password.
- Country.
Moreover, no confirmation codes will be sent to your email or phone number. Unfortunately, this makes the registration process less secure. It opens up the possibility of unauthorized access to accounts and increases the risk of fraudulent activities.
Also, legitimate financial entities are required to follow strict regulations, including Know Your Customer (KYC) procedures. The minimalistic registration process of Kane LPI Solutions Limited may raise questions about its compliance with such regulations.
The user interface of the Kane LPI Solutions Limited personal account appears highly minimalist. However, this minimalism extends to a negative aspect as it offers only the most basic and standard functionalities. Users may find the lack of advanced features and tools typically provided by reputable brokers limiting.
The absence of comprehensive analytical tools, educational resources, or advanced options could potentially hinder the trading experience for users who seek more sophisticated platforms. In comparison to established brokers, the personal account seems to lack depth.
Trading Conditions
The broker claims to have dedicated years to the development of its trading platform, emphasizing that it is designed to provide traders with maximum convenience. Let’s take a closer look and assess the platform’s features and functionality.
Account Types Review
Kane LPI Solutions Limited offers trading in CFD contracts, providing clients with a standard web terminal for independent trading in the broker’s client portal. However, the broker publishes somewhat peculiar trading conditions on its website. According to these conditions, clients can choose from three types of portfolios.
- Balanced. Comprising 30% conservative instruments, 35% aggressive instruments, and 35% moderate-risk instruments. The firm assures that the portfolio includes at least 5 different assets for diversification.
- Aggressive. Including high-yield company stocks, options, startup stocks, high-dividend stock funds, etc. The promised return for this portfolio is over 30%.
- Conservative. Including “blue-chip” stocks, precious metals, deposits in banks with an A rating, and more. The expected return on this option ranges from 4% to 12%.
It is unclear why Kane LPI Solutions Limited positions itself as a broker while offering products tailored exclusively to investment companies. After registering on the website, it becomes evident that the company promotes ordinary trading. The minimum deposit is 100 euros, and the maximum leverage reaches 1:100, which is notably high, and reputable regulators often prohibit such levels. No other trading conditions, including spreads and commissions, are mentioned on the website.
Trading Platform
It’s important to highlight that Kane LPI Solutions Limited offers a web trader, lacking downloadable apps. Additionally, there is no provision for a demo account, which is a significant drawback for potential users. Prospective traders cannot practice without risking real funds.
The platform’s functionality is criticized for being limited and lacking advanced features. The number of available indicators is notably insufficient, limiting the technical analysis options for traders.
Moreover, the fact that Kane LPI Solutions Limited refers to the trading terminal as its creation is misleading. In reality, the platform was developed by Easy Technologies, and the company seems to be presenting it as if it were their proprietary software.
Kane LPI Solutions Limited — Deposit and Withdrawal of Funds
The broker offers various funding methods, including credit/debit cards, cryptocurrencies, bank transfers, and P2P payments, although the latter may be unfamiliar to users. Surprisingly, the same methods are utilized for withdrawals. Unfortunately, the broker does not provide details regarding fees and processing times for these transactions.
It’s noteworthy that the concept of P2P payments is vaguely explained by the company, stating that these are transfers between individuals typically carried out through mobile applications involving cards or bank accounts. However, the explanation lacks clarity.
In the financial industry, traditional brokers usually do not rely on P2P payments for account funding, and such methods are more commonly associated with peer-to-peer platforms rather than reputable brokerage services.
Verification
Certainly, Kane LPI Solutions Limited requires verification for users. After registration, users are prompted to submit identification documents for verification. These documents include a government-issued ID (passport, driver’s license) and proof of address (utility bill, bank statement).
The submitted documents undergo a review process by the broker’s verification team. Upon successful verification, users receive confirmation of their account status. Verified traders gain access to the full range of features on the Kane LPI Solutions Limited platform, including depositing and withdrawing funds, trading, and accessing additional account management options.
It’s important for users to ensure that all submitted documents are clear, valid, and match the information provided during registration.
Additional Options
Kane LPI Solutions Limited seemingly offers education as part of its additional services, as indicated by the presence of such a section on the website. However, upon entering it, users find only two tabs with general information on technical and fundamental analysis. While it’s possible that the company’s staff may provide more in-depth training through personalized programs, such offerings are not publicly available, making it challenging to assess their quality. The Client Portal also lacks any additional features. Therefore, the educational resources and analytics provided by the company appear to be questionable and may not meet the expectations of users seeking comprehensive training.
Is Kane LPI Solutions Limited a Scam?
Now, let’s examine the most crucial nuances to determine the legality of the company’s services. Keep reading to uncover the truth.
Legal Information and License
The project claims to operate strictly within the bounds of the law. According to information on the website, the broker even has several offices, mostly located in offshore jurisdictions. As for the head office, it is purportedly situated in Dubai. The company has provided a license number, which we verified. Interestingly, we found that the documents were obtained in 2020, not in 2016 as stated on their website. Furthermore, their license does not authorize them to provide brokerage services. What adds to the intrigue is that we found the original company at kanesolutions.com. Surprisingly, it exclusively offers various business services and has no affiliation with traders. Consequently, Kane LPI Solutions appears to be a broker without proper registration and licensing.
Kanelpisolutionsltd.com Domain Info
If the previous facts aren’t convincing enough, let’s examine another red flag — the company’s claimed duration of operation. As we recall, Kane LPI Solutions Limited supposedly has almost a “10-year track record”. However, this is far from the truth. We scrutinized the website’s domain registration and found that it was only registered in late 2023. Therefore, in reality, this broker has been in operation for no more than a few weeks.
Contacts Review
On the contact front, the project seems to have everything in order. The company provides a couple of phone numbers and even an email address. However, regarding the offices, it’s clear that they are all fake since we have already established that this firm actually doesn’t exist.
More Details
Another concerning fact that catches our attention is the presence of TeamViewer and AnyDesk icons in the bottom right corner of the screen. Installing such software can pose security risks.
These desktop software, when installed, provide remote access and control of a user’s device. While these tools are legitimate and widely used for remote support and collaboration, they can also pose security risks if misused.
If unauthorized individuals or fake companies like Kane LPI Solutions Limited gain access to your computer through these apps, they may compromise sensitive information, conduct malicious activities, or even attempt to initiate fraudulent transactions.
Pros and Cons
- The broker has a relatively low minimum deposit requirement of 100 euros, making it accessible to a wide range of traders.
- It lacks official registration and licensing.
- The web-based trading terminal offered by the broker is limited in functionality.
- The company provides vague and questionable trading conditions.
- Despite claiming almost a decade of experience, the domain registration data reveals that the broker’s website was created in late 2023.
- The presence of TeamViewer and AnyDesk icons on the website poses a potential security risk.
Kane LPI Solutions Limited is nothing more than a typical fake broker that, in reality, offers nothing of value. It has borrowed information from another company and deceives traders. Your funds are at risk here.
Frequently Asked Questions (FAQ)
It claims to offer CFD trading with various portfolios, including Balanced, Aggressive, and Conservative, as well as ordinary trading.
According to the trading conditions, the minimum deposit is 100 euros.
No, it is not considered safe. It is a dubious broker that appears to use misleading information and data from other entities.
Thank you for the review
I’ve already registered. Everything seemed fair initially. I’m glad I checked articles about Kane LPI Solutions Limited. They called me a couple of times, and now I don’t know how to detach from them, because I don’t want to change my phone number. What can you recommend to me?
Scam
They are scammers!!!! Do not invest, because they will not give back your money
Scam
Deposited only small amount and they have not returned it despite of that I can see that funds are available in app