Keller Finance Review: 5 facts about kellerfin.com

"One can easily be misled that Keller Finance is a legit and professional broker and there is a pretty good reason for that. As a matter of fact what we actually have here is a clone website – a particularly dangerous form of scam, where fraudsters use license and corporate details of a legit and regulated business, or pretend to represent the regulated business, in an apparent attempt to scam traders. Not to mention that Keller Finance has already been exposed as a clone website by the financial authorities in the UK.

So in case you are still considering the possibility of trading forex pairs, indices, shares, soft and energy commodities, precious metals and crypto coins with the “exceptional trading conditions” as advertised in the presentation, better think twice and read the following lines.

Keller Finance Regulation and Safety of Funds

So let us start with the latest warning against Keller Finance by the Financial Conduct Authority (FCA) in the UK. Take a look:

“Almost all firms and individuals carrying out financial services activities in the UK have to be authorized or registered by us”, the FCA says. “This firm is not authorized or registered by us but has been targeting people in the UK, claiming to be an authorized firm.”

“Fraudsters are using the details of firms we authorized to try to convince people that they work for a genuine, authorized firm”, the FCA warning also reads. “This is what we call a ‘clone firm’; and fraudsters usually use this tactic when contacting people out of the blue, so you should be especially wary if you have been cold called. They may use the name of the genuine firm, the ‘firm reference number’ (FRN) we have given the authorized firm or other details.”

The company, which Keller Finance falsely claims to represent is the UK based and regulated Finance And Currency Limited and as clearly evident by the recent FCA warning, it has absolutely nothing to do with the bogus website in question.

Our strong advice in such cases is always to double check your new broker’s identity and license credentials in the registers of the respective regulatory institution, in this case the FCA in the UK, and if something does not match, to avoid making any deposits altogether.

Needless to say, but that also renders the Keller Finance website virtually anonymous as well, because you should agree, that if you can not verify your new broker’s identity in the registers of any official regulatory institution, as for example the FCA in the UK, you simply have no reason to believe anything you might be told, including if the website’s purported London address is genuine or not.

Offshore brokers’ dirty tricks:

And here is a quick review of the most common tricks scammers usually resort to, when it comes to pocketing your cash.

>>Best Regulated Forex Brokers<<

Bonuses with too high withdrawal requirement

Attractive as a trading bonus might seem, as offered by scam websites like the one we are talking about here, it always comes with strings attached – some minimum trade volume requirement, which basically will prevent you from making any withdrawals no matter how you trade or what you do. So our best advise in such cases, apart from avoiding unregulated brokers altogether, is always to read the fine script, especially when it comes to trading bonuses or promotions.

>>Best Forex Brokers Bonuses<<

Fake profits and 20% “fee” on withdrawal request

You should be aware as well of the ridiculous withdraw processing and handling fees, as well as the so called “profit fees”, which as a matter of fact you will be required to pay every time you request a withdrawal, no matter if your request is latter approved or not. The funny thing here is that such fees can easily exceed 20%, which is simply outrageous.

Guaranteed returns

And bear in mind that any broker that promises you guaranteed returns or risk free trades is obviously about to scam you as well. On the contrary, legit and regulated brokers are even required to warn you about the dangers of trading leveraged instruments and the high probability that you are about to lose your funds.

Keller Finance Trading Platform

Keller Finance offers a simple web trader, which you may check on the screenshot below.

The platform clearly lacks many standard features readily available with professional platforms like the industry standard MetaTrader4 and MetaTrader5.

With a 4,5 star rating, based on some 403 thousand reviews and well over 10 million downloads at Google Play, MetaTrader5 is undeniably the most popular trading platform in the forex industry ever.

And there is a good reason for that. Featuring real-time quotes, financial news and various FX and stock charts, an MT5 will also allow you to run algorithmic trading sessions with the help of specially designed trading bots, called Expert Advisors, which you can also quite easily customize on a proprietary scripting language MQL5 – an object-oriented high-level programming language intended for writing automated trading strategies and custom technical indicators.

>>Brokers supporting MetaTrader5<<

In addition, MT5 also supports well over 80 built- in technical indicators and analytical objects, with the option to support simultaneously up to 100 open charts in 21 different time frames, from one minute to one month – an option designed to allow you to examine both short term price fluctuations and long term trends.

On top of that all MetaTrader 5 servers are hosted at Equinix, one of the finest digital infrastructure providers globally, with some 240 data centers in 27 countries on all five continents. The MetaTrader5 servers are located in London (LD4), New York (NY4) and Hong Kong (HK1), as well as in Amsterdam, Sao Paulo, Mumbai, Lagos and Johannesburg.

Keller Finance Trading Conditions

The spreads we encountered on the Keller Finance platform surely look attractive, starting as low as 0,6 pips with the benchmark EUR/ USD pair and yet that certainly does not change the fact that we are dealing with a clone website scam, which on top of that has already been exposed by the Financial Conduct Authority in the UK. So here you may find as well our list of brokers, offering tight spreads for real:

>>Lowest spread forex brokers<<

As for the maximum leverage, it looks attractive as well – 1:200, but again, since the website is not to be trusted anyway, being exposed as a clone website and all, here you may find as well our list of brokers, offering leverage as high as 1:500 instead:

>>Brokers offering leverage as high as 1:500<<

Keller Finance Deposit and Withdrawal Methods and Fees

Keller Finance says to accept payments with VISA, Mastercard, JCB, PayPal, Skrill and bank wire transfers among other payment options, but we were not able to confirm that immediately.

And because the website is an outright scam anyway, just bear in mind that scam websites like this as a rule prefer to accept your payments in Bitcoins or other crypto coins like USD Tether for one particular reason – you won’t stand a chance to reverse the payment, not even when you realize you have been scammed.

On top of that you have no way of knowing to whom exactly the crypto wallet you are sending your cash actually belongs.

In case you have paid in a more standard manner on the other hand – let say with your VISA or Mastercard and all of a sudden something goes wrong, you will still have a way out of the uneasy situation by filing for a charge back at the bank that has issued your debit or credit card. Something which we would strongly advise you to do immediately in case you are dealing with unregulated, offshore scammers like Keller Finance.

Otherwise the minimum deposit requirement is said to be 250 EUR, which is more or less the amount most brokers would require anyway."