Kibrex Review: A Solely Fully Automated Trading Platform or SCAM?

Kibrex - logo
Rating:
1.7

Kibrex boldly claims to provide a solely fully automated trading platform. The broker asserts that it will deliver a unique trading experience. Let’s verify together whether these claims align with reality or if this is yet another disguised scam. Stay tuned for the results in our upcoming review.

Kibrex General Information

Website https://kibrex.com/
Phone Number
Email info@kibrex.com
Address 2 Frederick Street, Kings Cross, London, United Kingdom, WC1X 0ND
License
Minimum Deposit €5,000
Assets CFDs
Leverage Up to 1:800
Trading Platform WebTrader

Registration and Client Portal Review

Upon closer examination, it seems that Kibrex might not have put considerable effort into crafting its official website. The design follows a standard template, featuring a dark background with typical graphics and digital currency visuals. The execution appears routine, lacking distinctiveness. Notably, the site is translated into English, German, and Polish.

The information about the company is rather scant. While the trading conditions are outlined, the overall presentation lacks an engaging quality. The site is filled with various advertisements and claims, asserting the platform’s superiority and innovation. However, understanding what makes it unique remains challenging at this point.

Kibrex - website

Our attempts to navigate the registration process on Kibrex’s platform unveiled an intriguing scenario. Despite exploring various account creation options that seemingly should have led us to the personal dashboard, our efforts proved fruitless. It appears that either such a feature is not yet implemented on this platform, or technical glitches may be hindering its functionality. In either case, this doesn’t align with the expectations of a cutting-edge trading platform. As of now, it offers a less-than-optimal user experience and leaves users with an inconvenience rather than the promised uniqueness.

Registration failed

Kibrex Trading Conditions

Kibrex boldly claimed to offer exceptional trading conditions, and now it’s time to scrutinize the actual uniqueness of these conditions.

Account Types Review

The broker provides a diverse range of 7 account types, each distinguished primarily by its minimum deposit requirements. However, it’s worth noting that minimum deposit demands are notably high. The Base account, the entry-level tier, necessitates 5,000 euros. Here, the leverage reaches up to 1:25, and payout approvals take up to 5 business days.

Moving up the ladder, the Bronze account requires a higher deposit of 10,000 euros, offering a leverage of 1:50 and quicker payouts within 3 days. Subsequent accounts, namely Silver, Gold, Platinum, and Diamond, demand deposits ranging from 25,000 to 300,000 euros. As we ascend, features become more comprehensive, including enhanced leverage and expedited withdrawal processing.

The top-tier VIP account necessitates a substantial deposit of 500,000 euros. In addition to a 100% bonus, this account promises one-day withdrawals and grants access to exclusive trading events, signals, and analytics. In summary, Kibrex seems tailored for deeper pockets, as the more you bring to the table, the richer the array of services you unlock.

Trading Platform

Kibrex presents itself as a broker with a diverse platform offering, as boldly stated on the homepage. However, the reality is somewhat puzzling. Despite the claim of a platform for all types, the broker‌ offers a web-based platform exclusively. Unfortunately, we are unable to verify its features or functionality.

Adding to the disappointment, there is no provision for a demo account on the platform. The absence of a demo account deprives users of the opportunity to explore and test the platform’s capabilities risk-free. This is a crucial tool for traders, especially those new to the platform or trading in general.

Kibrex — Deposit and Withdrawal of Funds

In our quest to unravel the details of Kibrex’s funding methods, we find ourselves met with silence. Astonishingly, the broker fails to provide any information on deposit options on its website. This lack of transparency raises concerns and leaves potential clients in the dark regarding how to fund their accounts.

What we did observe is that the deposits were denominated in euros, suggesting the theoretical possibility of funding through bank cards or transfers. However, we cannot assert this with certainty as we lack access to the client portal for verification.

The absence of clear information on deposit methods not only hampers the user experience but also raises questions about the broker’s commitment to transparency and customer support.

Verification

Despite the closed registration at Kibrex, the broker has an intriguing verification process in place. While a standard verification procedure usually involves submitting specific documents, Kibrex takes a unique route.

In a verification process, users are required to provide the following documents:

  • A valid passport, driver’s license, or national ID is usually required to confirm the user’s identity.
  • Documents like utility bills, bank statements, or official letters are commonly used to verify the user’s residence.
  • In some cases, the broker may ask for additional documents, such as bank statements or credit card details, to verify financial transactions.

Additional Options

While we’ve touched upon certain additional services offered by Kibrex, including trading and analysis, a critical aspect remains shrouded in mystery — the expertise of the professionals behind the platform. The absence of any detailed information regarding the company and its staff raises concerns about the qualifications and credibility of the experts operating on this platform.

In the absence of transparency regarding the identities and qualifications of the individuals providing trading insights and analysis, users are left in the dark about the credibility of the information they receive. Kibrex’s lack of disclosure regarding the backgrounds and qualifications of its experts raises valid questions about the reliability of the trading advice and analytical insights offered.

Is Kibrex a Scam?

Now, we are stepping into the most intriguing phase of our investigation – scrutinizing the legitimacy of the Kibrex platform. Brace yourselves; the most captivating revelations are just around the corner.

In the broker’s agreement, it identifies itself as Kibrex Trading Ltd. Furthermore, it asserts that all interactions with traders will be governed by the laws of the United Kingdom. This seemingly straightforward claim leads us to a simple task – checking a couple of registries. In the UK registry, indeed, there exists a legal entity by that name, incorporated in the year 2023. However, here’s the peculiar twist: its declared activity is listed as fund management, a departure from the usual descriptions found in broker profiles.

However, let’s delve deeper. Every broker is expected to secure a license from the Financial Conduct Authority (FCA) to operate legitimately. Upon thorough examination of the FCA registry, we regrettably found no trace of Kibrex. This revelation is a source of profound disappointment; the broker lacks the essential license required for its operations.

No license

Kibrex.com Domain Info

As you may have already discerned, this broker has had a relatively short tenure in the market. This conclusion is evident both from registry information and, notably, the website domain. The domain was registered as recently as November 2023. Now, let’s delve into why such a brief operational history is a cause for concern.

Domain info

Actually, in the financial world, longevity often signifies stability and reliability. Established brokers with a longer track record tend to instill more confidence in traders, showcasing a history of navigating various market conditions and evolving to meet clients’ needs.

Contacts Review

Kibrex provides limited contact options, primarily relying on email communication. Additionally, the broker offers a physical address. While the contact avenues may be somewhat sparse, they do provide a means for reaching out. It’s worth noting that responses to email inquiries might not be as prompt as desired.

Pros and Cons

  • The inclusion of a physical address adds a layer of transparency.
  • Limited contact options.
  • No licenses.
  • Short working period.
  • High minimum deposit.
  • Closed registration.

 

2.7 TOTAL SCORE

Kibrex Summary

Kibrex - favi

Kibrex raises concerns as a company due to the absence of a license for its operations. Without proper licensing, investing substantial amounts of money with this broker is not advisable.


Website information content 3
Client Portal 2
Trading conditions 4
Trading platform 2
Deposit and withdrawal 2
Verification 4
Extra options 4
Licenses and guarantees 2
Work duration 1
Feedback 3

Frequently Asked Questions (FAQ)

What Does Kibrex Offer?

Kibrex offers a trading platform with various account types, promising unique trading experiences.

How Much Money Should I Invest With Kibrex?

According to the trading conditions, Kibrex requires a minimum deposit of five thousand euros. It’s worth noting that this is a relatively high deposit requirement, and potential investors should carefully assess their financial situation and risk tolerance before deciding on an investment amount.

Is Kibrex Safe?

No, Kibrex cannot be considered safe as it operates without a proper license. Being a relatively new player in the market, its lack of regulatory oversight raises concerns about the safety and legitimacy of the broker.

Subhash Mishra
Forex & CFD Trader

Subhash is a Bengali who has been trading for 16 years. You will find the most objective reviews of Forex and CFD brokers in his articles.

Subhash is a Bengali who has been trading for 16 years. You will find the most objective reviews of Forex and CFD brokers in his articles.

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Client Reviews

  1. Green234

    I don't even know what to do yet

    The folks at Kibrex are heavily promoting their services, but I’m not ready to take the plunge just yet. Why? Firstly, they demand a whopping five thousand euros, which is undeniably a substantial amount. Secondly, there’s no demo account available, leaving me in complete bewilderment. Why should I invest such sums in services about which I know next to nothing? Everything seems rather dubious and unconvincing.

    Reply
  2. William Collins

    A very dubious option

    I am utterly appalled by the sheer negligence exhibited by some brokerage companies towards their clients, and Kibrex is no exception. The absence of proper registration and licensing — is this the new norm? And what exactly are those five thousand euros they demand? Protection against negative balance? Well, that’s a feature that has long been a standard among reputable brokers. The trading conditions also leave much to be desired — spreads starting from 4 pips for the minimum tariffs, and leverage of up to 1:800. Where on earth is the talk about any form of licensing here?

    Reply
  3. Joel Wheaton

    Fix my account please

    You took my money I would hope you are doing what right
    I was making money and it just stopped and took my money do not just jump in like I did I will let you know if they fix it or if they just take my money I had 560 us and it just goes away I think not I was making money and I still lost not make any sense to me or you I bet that slot of money to just stopped and took my money making no sense I hope they fix it I will let you know if they do my history is all there and I just give my money to them in one movement I think not I Will let you know if they fix it I will tell you if it’s real or not as soon as they get it me and fix it I will let you know if they fix it please let them be real site we will see I had 560 uz in there and I lose it allwsil making money a little bit of you think 🤔🤔🤔🤔🤔 twice and took both amount right there one movement and goes as I made money I think not I will let you know if they fix it

    Reply