Kowela Review: Created by Investors for Investors or a SCAM?

Kowela - logo

Kowela, like many other brokers, claims to have been created by investors for investors. Oh, how many times have we heard this expression! More often than not, it comes from scammers. To truly understand who stands behind this project, join us as we delve into our review.

Kowela General Information

Website https://www.kowela.com/
Phone Number +18008615256
Email customer.info@kowela.com docs@kowela.com
Address The Gateway Tower 5, Harbour City, 15 Canton Road, Kowloon, Hong Kong
Minimum Deposit $5,000
Assets CFDs
Leverage 1:400
Trading Platform WebTrader

Registration and Client Portal Review

The official website of Kowela truly gave us a good laugh. Who is that little character in the top left corner? We’re genuinely curious if everything’s alright with him. The whole scene unfolding there is quite amusing, to say the least. However, enough of that diversion. In general, a website is just a website. There’s nothing particularly remarkable or unique about it. As usual, it’s filled with self-promotion and nothing more.

Kowela - website

Kowela’s registration process entails a rather extensive questionnaire that users are required to fill out. Beyond the standard personal information and contact details, this form delves into inquiries about your place of residence, full address, and even your date of birth. While there’s no inherent cause for alarm with such comprehensive data collection, prospective clients should be aware that completing this form might take a bit of time due to its thoroughness.


It’s essential to brace yourself for the possibility that immediate access to your personal account might not be granted. For instance, in our case, our application was initially rejected, and we were directed to get in touch with a manager to move forward. This could be seen as a potential drawback as it could prolong the account activation process and necessitate additional steps to resolve the issue.


Kowela Trading Conditions

Kowela employs a tiered account system, which may appear enticing at first glance, but comes with its fair share of drawbacks, particularly for those with limited financial means. Each successive account tier demands a larger minimum deposit, supposedly offering enhanced features and benefits in return.

Account Types Review

Now, let’s take a look at these seven tiers, their escalating minimum deposit requirements, and the so-called added features:

  • With a minimum deposit requirement of $5,000, the Junior Account supposedly grants access to the Indices and Energies markets. It claims to offer comprehensive tools for daily trading, including access to weekly signals.
  • Requiring a minimum deposit of $25,000, the Advanced Account allegedly opens doors to advanced markets like Stocks and Energies. It promises access to fundamental trading materials and hints at access to multi-asset trading options.
  • For those willing to deposit a minimum of $50,000, the Investor Account purportedly offers advanced markets, including Stocks and Currencies. It is said to provide daily technical and primary materials, along with signals featuring comprehensive analysis.
  • With a minimum deposit of $100,000, the Trader Account claims to provide a tailored trading portfolio. It provides access to advanced global market instruments, daily technical and primary materials, and live signals with analysis.
  • Requiring a minimum deposit of $250,000, the Trader Pro Account implies the availability of Islamic Accounts and thousands of market products. It promises access to daily technical and primary trading materials, along with low and allotted market pricing.
  • For clients who can meet the $1,000,000 minimum deposit, the VIP Account is said to offer customized investing materials, all-inclusive daily trading tools, daily comprehensive analysis, sophisticated investment resources, and advanced execution orders.
  • The VIP PRO Account, with a minimum deposit requirement of $10,000,000, offers exclusive invitations to market events, personalized market offers, customized investing materials, sophisticated investment resources, and advanced execution orders.

While these tiers may sound appealing, the catch lies in the hefty minimum deposits required. For many, these sums can seem exorbitant, making it difficult to access the touted benefits. This approach, while seemingly offering more, effectively, limits access to those with deep pockets, leaving others on the outside looking in.

Trading Platform

Kowela offers both the MT4 and MT5 trading platforms. However, it’s worth noting that accessing or familiarizing oneself with these platforms requires users to navigate through the broker’s personal account interface. This approach is somewhat unusual, as trading terminals from this developer are typically readily available on the official website without the need for such additional steps.

Kowela — Deposit and Withdrawal of Funds

Kowela provides several options for funding your trading account. You can choose to deposit funds using Visa or MasterCard, opt for bank transfers, or even use cryptocurrencies as a payment method. This variety of funding options allows for flexibility in managing your account and provides choices that align with your preferences and needs.


Kowela mandates users to undergo a verification process, even though we were not granted access to the personal account to experience it firsthand. This verification process typically involves providing personal identification documents and proof of address, which the broker reviews to confirm the user’s identity and compliance with regulatory requirements. By completing this verification, users aim to gain access to additional features, and ensure a smoother trading experience within the broker’s ecosystem.

Additional Options

Apart from its primary services, Kowela extends its offerings to include a range of trading signals and tools intended to assist its clients in navigating the intricate world of financial markets. These supplementary resources can be enticing, especially for novice traders seeking guidance and assistance in their trading endeavors.

However, it’s crucial to exercise a healthy degree of caution when considering the use of these tools. While trading signals and similar aids can undoubtedly offer valuable insights, they come with inherent risks. You have to bear in mind that these signals may not always be entirely transparent or accurate.

Is Kowela a Scam?

It’s time to delve into what might be the most crucial aspect of our investigation – assessing the legitimacy of Kowela.

The company in question, Kowela LTD, claims to be registered in Hong Kong. However, our independent verification process has revealed a starkly different reality. In fact, all indications point to this claim as being nothing more than a fabrication.

Adding to the mounting concerns, the Hong Kong regulatory authority has issued a stern warning regarding this broker. According to their official statement, Kowela is not under their regulatory purview, and they strongly advise against any association with this entity due to its deceptive practices. This revelation casts a shadow of doubt over the credibility and trustworthiness of Kowela as a financial service provider.

Legal data check

Kowela.com Domain Info

The broker has not been in operation for an extended period. It was launched in 2021, indicating a relatively short track record in the financial industry. Such a brief period of operation raises concerns for several reasons.

Firstly, the limited history makes it challenging to assess a broker’s long-term performance and reliability. Clients prefer to entrust their funds to brokers with a proven and established track record of delivering quality services over time.

Contacts Review

Kowela provides various means of contact, including a telephone number, email address, and live chat support. However, it’s important to note that the absence of a physical office raises concerns about the broker’s legitimacy, as our investigation has revealed it to be a fictitious entity.

Pros and Cons

  • Multiple payment methods.
  • Lack of transparency regarding trading conditions and account types.
  • Unusually high minimum deposit requirements.
  • Limited information about the broker’s history and ownership.
  • Absence of official regulation and licensing.
  • Regulatory warnings.

Kowela Summary

Kowela - favi

Kowela presents several red flags and concerns that make it a questionable choice for potential traders. The lack of transparency regarding its operations, high minimum deposit requirements, and misleading information about its registration in Hong Kong are major concerns. Given these issues and the numerous warning signs, it is highly advisable for traders to consider alternative, more reputable brokers.

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

Frequently Asked Questions (FAQ)

What Does Kowela Offer?

Kowela offers various trading services, including access to financial markets and trading instruments.

How Much Money Should I Invest With Kowela?

According to the trading conditions provided by Kowela, the minimum deposit required is $5,000.

Is Kowela Safe?

Kowela’s safety and legitimacy raise significant doubts. The lack of clear regulatory oversight, misleading information about its registration, and other red flags make it a questionable choice for traders seeking a safe and reliable trading partner.

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. Walter132

    Agreed. It's complete nonsense

    If it weren’t for the constant bonuses and offers to provide me with better terms, I would have stopped working with Kowela in the second week. I can say that the team really hasn’t put much effort into the technical side of things, which is why their project’s development is stagnant. Only beginners who can’t invest substantial amounts will collaborate with them, while professional traders will leave as soon as they encounter withdrawal issues like these. I was genuinely infuriated by how slowly the managers handled everything. For example, withdrawal request processing speed is approximately one day. You wait several more days for the funds to be transferred to your card. And that’s not even mentioning the poorly configured web terminal that converts my funds at a highly inconvenient exchange rate. Kowela customer support operates strictly within the confines of scripts. It’s impossible to get any human touch from them. In reality, entrusting them with your funds won’t entice anyone. If working under basic conditions is impossible, it’s scary to trust your money with such non-professionals.

  2. Jason Jones

    Service quality has always been a top priority for me.

    Kowela, left me with extremely negative impressions during our collaboration. I put in a lot of effort and emotions to reach this stage in my trading career, only to abandon the broker due to the rude attitude of their customer support. Throughout our partnership, the managers did nothing but frustrate me. Problems arose at every stage: they dragged their feet during registration, then took a long time to grant me access to a demo account, and it all ended with them charging hefty commissions for every trade. When I asked specific questions about the origin of these charges, they responded in a rather impolite manner and referred me to certain clauses in the contract, suggesting changes in spreads depending on market conditions. Considering that I was practically learning with them, taking risks, and even losing a total of $10,000 while getting acquainted with their platform, parting ways is very disappointing. But…