Global Broker governance & inquiry App

Score

0123456789
.
0123456789
0123456789
/10

Kowela

Saint Vincent and the Grenadines|2-5 years|
Suspicious Scope of Business|High potential risk|

https://kowela.com/

Website

Rating Index

Contact

+1 8008615256
customer.info@kowela.com
https://kowela.com/
Beachmont Business Centre, Suite 214, Kingstown, Saint Vincent and the Grenadines

Licenses

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

VPS Standard
No restriction on the broker account. Support service provided by WikiFX

Single Core

1G

40G

Open Now

Disclosure

More

Danger

EE FSA
2022-03-30

Contact number

English

+1 8008615256

Broker Information

More

Company Name

Kowela

Company Abbreviation

Kowela

Platform registered country and region

Saint Vincent and the Grenadines

Company website

Pyramid scheme complaint

Expose

Check whenever you want

Download App for complete information

Warning: Low score, please stay away! 2
Previous Detection : 2024-04-24
  • It has been verified that this broker currently has no valid regulation. Please be aware of the risk!
  • The current information shows that this broker does not have a trading software. Please be aware!

WikiFX Verification

Users who viewed Kowela also viewed..

XM

9.04
Score
10-15 yearsRegulated in AustraliaMarket Making(MM)MT4 Full License
Official website

GMI

7.46
Score
5-10 yearsRegulated in United KingdomStraight Through Processing(STP)MT4 Full License
Official website

J.P. Morgan

7.47
Score
Above 20 yearsRegulated in Hong KongDealing in futures contractsSelf-developed
Official website

GTC

8.34
Score
10-15 yearsRegulated in United KingdomStraight Through Processing(STP)MT4 Full License
Official website

Kowela · Company Summary

Information Details
Company Name Kowela
Founded 2021
Headquarters Saint Vincent and the Grenadines
Regulations No Regulation
Tradable Assets Currencies, Stocks, Indices, Commodities, Cryptocurrencies
Account Types VIP, PROVIP, TRADER, PRO TRADER, INVESTOR, ADVANCED, JUNIOR
Minimum Deposit $5,000
Maximum Leverage Ratio Up to 1:400
Deposit/Withdraw Methods Bank transfers, credit/debit cards, cryptocurrencies
Trading Platforms Proprietary
Customer Support E-mail, live chat, and phone
Educational Content Daily news and signals, Educational videos
Bonus Offering N/A

Overview of Kowela

Kowela is a relatively new online forex and CFD broker founded in 2021 and based in St. Vincent and the Grenadines. However, it is important to note that Kowela currently does not hold any major licenses, which raises concerns about the safety and reliability of trading with this broker. As an unregulated broker, traders should exercise caution and carefully consider the potential risks involved.

Kowela offers CFD trading in a wide range of assets, with over 1,500+ assets available across various asset classes including currencies, stocks, indices, commodities, and cryptocurrencies. While the variety of instruments may seem appealing, it is essential to be aware of the lack of regulation and the associated risks when trading with Kowela.

When it comes to the trading experience, Kowela utilizes its proprietary trading platform accessible via web browsers and mobile devices. However, specific details about the platform's features and functionalities are not provided.

Kowela supports deposit and withdrawal methods such as bank transfers, credit/debit cards, and cryptocurrencies, but there is limited information about any associated fees or charges.

basic-info

Is Kowela regulated?

Kowela currently operates without holding any major licenses. Founded in 2021 and based in St. Vincent and the Grenadines, the broker's lack of regulatory oversight raises concerns about the safety and reliability of their services.

It is important to note that trading with an unregulated broker carries inherent risks, as there is no external authority overseeing their operations or ensuring compliance with industry standards and regulations. Traders are strongly advised to prioritize their security and consider regulated brokers that provide a higher level of transparency, client protection, and accountability.

Pros and Cons

Kowel,as an online forex broker, offers a wide range of CFD assets across various classes, providing traders with ample options for diversification. Additionally, the availability of high leverage up to 1:400 can be attractive to experienced traders seeking potential higher returns. The broker also supports multiple deposit and withdrawal methods, making it convenient for clients to manage their funds.

Kowela operates without major licenses or regulatory oversight, which raises concerns about the safety and reliability of their services. The high minimum deposit requirement, limited transparency on trading costs, and lack of educational content or bonus offerings further contribute to the potential cons of trading with Kowela. Traders should carefully weigh these factors and exercise caution when considering this unregulated broker.

Pros Cons
Wide range of CFD assets across multiple classes. Minimum deposit requirement of $2500
High leverage up to 1:400 The minimum withdrawal amount of $50
Support for various deposit/withdrawal methods Unclear information about any educational resources or bonus offerings.
Proprietary trading platform accessible via web browsers and mobile devices.
Wide accessibility to clients worldwide (except U.S, North Korea, and Iraq)

Market Instruments

Kowela offers a wide selection of market instruments for CFD trading, encompassing more than 1,500+ assets across various asset classes. Traders have the opportunity to engage in forex trading with currencies, allowing them to speculate on the fluctuations in exchange rates.

The broker also provides access to stocks, enabling traders to trade shares of prominent companies. Additionally, Kowela offers CFDs on indices, allowing traders to take positions on the performance of market indices from around the world. Moreover, traders can explore the commodities market, including popular commodities like gold, oil, and agricultural products. Lastly, Kowela recognizes the growing popularity of cryptocurrencies and offers CFDs on digital assets such as Bitcoin, Ethereum, and others.

The wide range of market instruments provided by Kowela allows traders to diversify their portfolios and explore various trading opportunities across different asset classes.

Main Account Types

Account Type Minimum Deposit Accessible Markets Market Pricing Execution Orders Language Support Additional Features
Junior $5,000 Indices, Energies Competitive Multiple Multi-language Weekly signals
Advanced $25,000 Stocks, Energies Low Multiple Multi-language Fundamental materials
Investor $50,000 Stocks, Currencies Low Multiple Multi-language Complex charting, signals
Trader $100,000 Global instruments Low Multiple Multi-language Customized portfolio
Trader Pro $250,000 Global instruments Allotted Multiple 24-hour support Islamic Accounts
VIP $1,000,000 Customized Low and allotted Advanced 24-hour support Islamic Accounts

Kowela offers a plethora of account types including the following:

JUNIOR: With a minimum deposit of $5,000, the Junior account offered by Kowela provides access to multiple markets, specifically indices and energies. Traders can benefit from in-depth investing tools for daily trading and receive weekly signals to aid in their decision-making process. The account offers competitive market pricing, multiple execution orders, and multi-language support for a seamless trading experience.

ADVANCED: The Advanced account, requiring a minimum deposit of $25,000, offers expanded market opportunities with access to stocks and energies. Traders gain access to in-depth investing tools for daily trading and fundamental trading materials for comprehensive analysis. The account provides low market pricing, multiple execution orders, and multi-language support, catering to more experienced traders seeking advanced market access.

INVESTOR: Designed for investors, the Investor account requires a minimum deposit of $50,000 and grants access to advanced markets such as stocks and currencies. Traders can utilize in-depth investing tools, receive daily technical and fundamental materials, and access signals with comprehensive analysis. The account offers complex charting and indicators, low market pricing, multiple execution orders, and multi-language support for a tailored trading experience.

account-types

TRADER: The Trader account, starting from a minimum deposit of $100,000, offers a customized trading portfolio and advanced global market instruments. Traders gain access to in-depth investing tools for daily trading, daily technical and primary materials, and live signals with analysis. The account provides complex charting and indicators, low market pricing, multiple execution orders, and multi-language support to cater to professional traders seeking a comprehensive trading environment.

TRADER PRO: The Trader Pro account, requiring a minimum deposit of $250,000, offers Islamic Accounts and a customized trading portfolio. Traders can explore thousands of market products and benefit from in-depth investing tools, including daily technical and main trading materials. The account includes live signals with analysis, complex charting and indicators, low and allotted market pricing, multiple execution orders, and 24-hour multi-language assistance, catering to experienced traders seeking advanced trading resources.

VIP: Geared towards high-net-worth individuals, the VIP account starts from a minimum deposit of $1,000,000 and offers Islamic Accounts. Traders gain access to a customized trading portfolio, customized investing materials, and thousands of market products. The account provides all-inclusive daily trading tools, including daily technical and fundamental signals, comprehensive analysis, and sophisticated charting and indicators. Traders benefit from low and allotted market pricing, advanced execution orders, and 24-hour multi-language assistance for a premium trading experience.

account-types

Step-by-step on opening an account

  1. Visit the Kowela website: Go to the official website of Kowela using a web browser.

open-account

2. Choose an account type: Review the different account types offered by Kowela, such as Junior, Advanced, Investor, Trader, Trader Pro, and VIP. Select the account type that suits your trading preferences and meets your financial requirements.

3. Locate the account registration section: Look for the account registration section on the website. It is typically found on the homepage or in the main navigation menu.

open-account

4. Fill out the registration form: Click on the registration form and provide accurate personal information, including your full name, email address, phone number, and any other details requested. Make sure to enter the information correctly to avoid any issues during the verification process.

5. Fund your account: After your account is approved and verified, proceed to fund your account with the minimum deposit required for your chosen account type. Kowela supports various deposit methods, such as bank transfers, credit/debit cards, and cryptocurrencies. Select the method that is most convenient for you.

Leverage

Kowela offers leverage options to enhance trading opportunities for its clients. Leverage allows traders to amplify their positions and potentially increase profits, but it also magnifies potential losses. Kowela provides competitive leverage ratios, with the maximum trading leverage reaching up to 1:400. This means that for every dollar of your trading capital, you can control up to $400 in trading volume. However, it's important to note that high leverage carries significant risk, particularly for inexperienced traders. It is recommended to exercise caution and carefully consider the potential risks and rewards before utilizing high leverage.

Spreads & Commissions (Trading Fees)

Kowela mentions that it offers variable spreads, but does not provide specific information regarding spreads on particular instruments. Spreads refer to the difference between the buy and sell prices of a financial instrument and serve as a measure of the cost of trading. Variable spreads typically fluctuate based on market conditions, and tighter spreads are generally considered more favorable for traders as they reduce trading costs.

However, it's important to note that Kowela does not provide detailed information about their spreads or specify the average spread values for different instruments. This lack of transparency makes it challenging for traders to assess the competitiveness of their pricing and compare it with other brokers in the market.

Regarding commissions, there is no specific mention of commission charges on the Kowela website. The absence of explicit information about commissions suggests that Kowela may adopt a fee structure where trading costs are primarily incorporated into the spreads offered. However, without clear and detailed information about spreads and commissions, traders may find it difficult to evaluate the overall cost of trading with Kowela accurately.

It is advisable for potential traders to seek clarification from Kowela's customer support regarding spreads, commissions, and any other trading fees before making a decision to ensure transparency and have a comprehensive understanding of the trading costs associated with this broker.

Trading Platform

Kowela utilizes a proprietary trading platform that is accessible through web browsers and mobile devices. A proprietary platform is a trading software developed and owned by the broker itself, offering a unique user interface and functionality. While proprietary platforms can provide customized features tailored to the broker's specific offerings, it's important to consider the risks associated with using such platforms.

One potential risk of a proprietary trading platform is the lack of third-party scrutiny and independent verification. Since these platforms are developed in-house, there may be limited transparency regarding the underlying technology, security measures, and data handling practices. This can raise concerns about the platform's reliability, stability, and vulnerability to technical issues or potential security breaches.

Additionally, using a proprietary platform can limit a trader's options for alternative platforms and may restrict their ability to switch brokers without having to adapt to a new trading environment. It is essential for traders to assess the functionality, user-friendliness, and available features of the proprietary platform provided by Kowela to ensure it meets their trading requirements and preferences.

To mitigate the risks associated with proprietary platforms, traders should consider factors such as the broker's reputation, history, and regulatory compliance. It is advisable to research and evaluate user feedback, reviews, and industry opinions about the platform's performance and reliability. Traders may also choose to diversify their trading activities by using other reputable trading platforms or conducting due diligence on the broker's proprietary platform to ensure a robust and secure trading experience.

Deposit & Withdrawal

Kowela offers several funding methods for both deposit and withdrawal transactions. The available options include bank transfers, credit/debit cards, and cryptocurrencies. These methods provide flexibility for clients to choose the most convenient and suitable option for their financial transactions.

To make a deposit or withdrawal, traders can initiate a bank transfer by transferring funds from their bank account to their Kowela trading account. They can also use credit or debit cards to make instant deposits. In addition, Kowela supports deposits made with cryptocurrencies, allowing clients to fund their accounts using popular digital currencies. Additionally, clients may have the option to withdraw funds using cryptocurrencies, enabling quicker and more convenient transactions.

It is worth noting that Kowela has specified a minimum withdrawal amount of $50. While this may impose some limitations for smaller withdrawal requests, it is important to verify if any additional fees or charges are associated with withdrawals, as the provided information does not specify such details. Traders should ensure they comply with any specific requirements or procedures outlined by Kowela for both deposits and withdrawals.

Customer Support

Kowela provides customer support services to assist traders with their inquiries and concerns. They offer multiple channels through which traders can seek assistance:

  1. Live Chat: Kowela has a live chat feature on their website, allowing traders to engage in real-time conversations with support representatives. This instant messaging functionality enables quick access to support and the opportunity to address queries promptly.

2. Email Support: Traders can reach out to Kowela's customer support team via email by sending a message to customer.info@kowela.com. Email support allows for more detailed inquiries or requests that may require attaching additional documentation or screenshots.

3. Phone Support: Kowela offers phone support to facilitate direct communication with their customer service team. Traders can call the provided phone number, +18008615256, to speak with a representative and receive assistance over the phone.

customer-support

These various support channels aim to cater to different preferences and ensure that traders can reach out for help in a way that suits them best.

It is important to note that the effectiveness and responsiveness of customer support can significantly impact the overall trading experience. Traders should consider the availability and efficiency of customer support when evaluating a broker. Prompt and helpful customer support can provide reassurance and assistance in addressing any issues or concerns that may arise during trading activities.

Traders are advised to provide clear and concise information when contacting customer support to facilitate faster and more accurate resolutions. Additionally, it is recommended to review the broker's support hours of operation and response times to align expectations accordingly.

Please note that the quality and effectiveness of customer support can vary, and it is always a good practice to assess the actual experiences and feedback from other traders to gain a better understanding of the level of support provided by Kowela.

Educational Resources

Kowela offers additional educational resources in the form of daily news and signals, as well as educational videos. These resources can be valuable for traders looking to stay updated on market developments and enhance their trading knowledge.

The provision of daily news can help traders stay informed about significant events, economic indicators, and market trends that may impact their trading decisions. Access to timely news updates allows traders to stay ahead of market movements and make more informed trading choices.

In addition to daily news, Kowela also offers signals, which provide trading suggestions or recommendations based on market analysis. These signals can assist traders in identifying potential trading opportunities, as they are derived from technical analysis or other market indicators. Incorporating signals into one's trading strategy can help traders make more well-informed trading decisions.

Conclusion

Kowela is an online forex and CFD broker founded in 2021. They lack major licenses and are based in St. Vincent and the Grenadines, which raises concerns about their regulatory standing. Traders should be cautious due to the lack of transparency and regulation, which pose potential risks. Kowela has a proprietary trading platform for web and mobile, but the risks of using such a platform should be carefully evaluated. While they offer a variety of instruments, the absence of information on spreads, commissions, and education makes it difficult to assess their competitiveness. They also have higher minimum deposits and limited withdrawal flexibility compared to regulated brokers. Traders should thoroughly research, seek clarification, and consider their own needs and risk tolerance before choosing Kowela as their broker.

FAQs

Q: Is Kowela a regulated broker?

A: No, Kowela is a fairly new broker and does not hold any major licenses. This lack of regulation may pose potential risks for traders.

Q: What trading instruments are offered by Kowela?

A: Kowela offers CFD trading in more than 1,500+ assets across various asset classes, including currencies, stocks, indices, commodities, and cryptocurrencies.

Q: What is the minimum deposit requirement with Kowela?

A: The minimum deposit with Kowela is $2500, which is considerably higher compared to the average minimum deposit requirement of regulated brokers.

Q: Does Kowela offer educational resources?

A: Yes, Kowela provides educational resources to support traders in their learning and development.

Q: What are the available customer support channels?

A: Kowela offers customer support through live chat, email support (customer.info@kowela.com), and phone support (+18008615256).

Restricted Regions

Kowela can offer its services to everyone, except residents of the U.S, North Korea, and Iraq. Keep in mind though that, You are responsible for ensuring that all services and activities of Kowela.com are authorized in your jurisdiction.

User Reviews

Sort by content

  • Sort by content
  • Sort by time

User comment

44

Comments

Write a review

Pablo5231
3-6months
Scam (SCAM) This is scam (SCAM). I deposited €30,000 with them recommended by friends who were investing with them and who have also been scammed. The application generates trust and they call you daily to give you investment guidelines in Dollar/Gold assets. Firm commitment to stay for three months to operate in Trading. The surprise is that when it comes time to recover my money, I make the request for the funds and they tell me that on December 1 it will be done without problems and I receive nothing and they stop contacting me and responding to me. I am going to make a report to the Police in these days, since I have all the documentation saved. By the way, I have verified that the office does not exist, it is a fake. Trading account number 59170235413 I can provide you with documentation that demonstrates the truthfulness of my opinion. This is scam (SCAM). I deposited €30,000 with them recommended by friends who were investing with them and who have also been scammed. The application generates trust and they call you daily to give you investment guidelines in Dollar/Gold assets. Firm commitment to stay for three months to operate in Trading. The surprise is that when it comes time to recover my money, I make the request for the funds and they tell me that on December 1 it will be done without problems and I receive nothing and they stop contacting me and responding to me. I am going to make a report to the Police in these days, since I have all the documentation saved. By the way, I have verified
2024-01-12 19:59
Reply
0
0
GLC
6-12months
Following a telephone call from the Kowela company, we have invested €107,000 in several installments since August. After paying the last payment 15 days ago we were supposed to recover the first profits (€44,000) at the end of September but at the same time the trader made us voluntarily take a position on gold which plummeted. To save our capital, which rose to €350,000 and stop the loss, €250,000 was placed in the clearing house and today they are asking us for €35,000 to recover it, but we have nothing left and even less confidence. They offered us another solution without investing but since October 6 we have had no further news from them. I have serious doubts about the authenticity of the other opinions given on this site. We lost more than €100,000 in 3 months and my wife and I are depressed, the people at Kowela don't care, they demand €35,000 from you within 10 days. A life of savings lost, I beg you don't be fooled.
2023-10-11 00:25
Reply
0
0
evocm
6-12months
Hello, it's a SCAM site. I told myself to invest more than €5,000 through the broker who knew how to manipulate me and my weakness in making a decision immediately, following a position he took, he lost everything and put everything on me, made me responsible and it was cleared in full, very bad experience, no dialogue. which borders on a scam as I can read on many sites, I invite you to come and join me to file a group complaint and denounce the company
2023-09-14 13:31
Reply
0
0
Terry J. Kuntz
6-12months
I am delighted to choose kowela.com to invest. The profits from stocks, currencies and indices are impressive. Safety is a priority.
2023-09-08 03:36
Reply
0
0
Grace468
6-12months
Kowela.com is the best option for investing. I have earned through stocks, currencies and indices. Withdrawals and deposits are quick and easy.
2023-09-08 03:36
Reply
0
0
Virgil9945
6-12months
Kowela.com is my favorite platform to invest. Withdrawals are fast, customer support is great, and security is on point.
2023-09-08 03:35
Reply
0
0
Harvey8538
6-12months
I am delighted with my investments on kowela.com. Profits with stocks, currencies and indices are constant. Transactions are easy and secure.
2023-09-08 03:35
Reply
0
0
Tim1531
6-12months
Kowela.com has allowed me to thrive in investing. Stocks, currencies and indices generated profits. The speed of transactions is impressive.
2023-09-08 03:34
Reply
0
0
Marc5324
6-12months
Kowela.com is a safe choice for investing. I had great results with quick withdrawals. Customer support is always there to help.
2023-09-08 03:34
Reply
0
0
Joe6416
6-12months
My experience on kowela.com is excellent. Customer support is great, helping me every step of the way. The security of the site gives me confidence.
2023-09-08 03:33
Reply
0
0
Brandon7537
6-12months
Investing in kowela.com has been a rewarding experience. Opportunities in stocks, currencies and indices are attractive. Easy withdrawals, responsive customer support, and a secure platform.
2023-08-30 22:43
Reply
0
0
Bryan7427
6-12months
Kowela.com is my platform of choice for investing. Stocks, currencies and indices offer enormous potential. Fast withdrawals, friendly customer support, and top security.
2023-08-30 22:43
Reply
0
0
Steven5216
6-12months
I am delighted with the results of my investments on kowela.com. Trading stocks, currencies and indices is exciting. Simple withdrawals, efficient customer support, and a secure platform.
2023-08-30 22:43
Reply
0
0
Claude345
6-12months
Investing in kowela.com was a winning decision. Trading opportunities in stocks, currencies and indices are excellent. Fast withdrawals, friendly customer support, and the platform is secure.
2023-08-30 22:43
Reply
0
0
Kevin6351
6-12months
My investments in kowela.com have proven successful. Stocks, currencies and indices open doors to profits. Easy withdrawals, courteous customer service, and security is guaranteed.
2023-08-30 22:42
Reply
0
0
Harrison4826
6-12months
Earn money by investing in currencies on kowela.com. Their fast withdrawals and quality customer support make them a reliable investment platform.
2023-08-28 00:21
Reply
0
0
Michael121
6-12months
Enjoy the benefits of investing in indices at kowela.com. I have personally seen good results with their secure platform and responsive customer support team.
2023-08-26 14:35
Reply
0
0
Rod S.
6-12months
kowela.com is my number one choice for investing. Stocks, Currencies, Prosperous Indices. Fast withdrawals, easy deposits, exemplary security and support.
2023-08-26 14:35
Reply
0
0
Lewis Henry
more than one year
My investment on kowela.com is a success. Stocks, currencies, lucrative indices. Easy withdrawals, fast deposits, and reliable customer support.
2023-08-26 14:34
Reply
0
0
Edward5656
6-12months
Investing on kowela.com delights me. Stocks, currencies, successful indices. Fast withdrawals and deposits, friendly customer support. Secure platform.
2023-08-26 14:34
Reply
0
0
TOP
Select Country/District
United States
※ The content of this website abides with local laws and regulations.
You are visiting the WikiFX website. WikiFX Internet and its mobile products are an enterprise information searching tool for global users. When using WikiFX products, users should consciously abide by the relevant laws and regulations of the country and region where they are located.
consumer hotline:006531290538
Official Email:support@wikifx.com;
Mobile Phone Number:234 706 777 7762;61 449895363
Telegram:+60 103342306
Whatsapp:+852-6613 1970;
License or other information error corrections, please send the information to:qawikifx@gmail.com
Cooperation:fxeyevip@gmail.com