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/10

KITCO

Canada|5-10 years|
Suspicious Regulatory License|Global Business|High potential risk|

https://www.kitco.com/

Website

Rating Index

Influence

Influence

AAA

Influence index NO.1

United States 9.75

Surpassed 60.31% brokers

Biz AreaSearch StatisticsAdvertisingSocial Media Index

Contact

(852) 2827-7800
info@kitco.com,hkinfo@kitco.com
https://www.kitco.com/
https://www.facebook.com/KitcoNews

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

Contact number

English

(852) 2827-7800

Chinese (Simplified)

85228277800

Broker Information

More

Company Name

Kitco Metals Inc

Company Abbreviation

KITCO

Platform registered country and region

Canada

Company website
Twitter
Facebook

Pyramid scheme complaint

Expose

Check whenever you want

Download App for complete information

Warning: Low score, please stay away!
Previous Detection : 2024-03-19
  • It has been verified that this broker currently has no valid regulation. Please be aware of the risk!

WikiFX Verification

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KITCO · Company Summary

KITCO Review Summary in 6 Points
Founded 1977
Registered Country/Region Canada
Regulation Unregulated
Market Instruments & Services Forex, cryptos, futures on metals/energies/grains/indices/meats/currencies; buying/selling/mining/refining of metals
Trading Platform KITCO
Customer Support Phone, Address, Email, Social media, Enquiry form, Fax

What is KITCO?

KITCO, short for Kitco Metals Inc, is a global precious metals authority and retailer of bullion products based in Canada. It provides traders with access to a wide range market instruments and services including Forex, cryptos, futures on metals/energies/grains/indices/meats/currencie as well as buying/selling/mining/refining of metals,. However, it is important to note KITCO is currently not regulated by any recognized financial authorities which raises concerns when trading.

KITCO's homepage

In the following article, we will analyze the characteristics of this company from various aspects, providing you with simple and organized information. If you are interested, please read on. At the end of the article, we will also briefly make a conclusion so that you can understand the broker's characteristics at a glance.

Pros & Cons

Pros Cons
• Wide range of trading instruments and services • Unregulated
• Multiple customer support channels • A report of scam

Pros:

  • Wide range of trading instruments and services: Kitco offers a diverse selection of trading options, including Forex, cryptocurrencies, and futures contracts covering various asset classes such as metals, energies, grains, indices, and meats. This allows investors to diversify their portfolios and access different markets.

  • Multiple customer support channels: Kitco provides several customer support channels, ensuring that clients can reach out for assistance via email, phone, live chat, and social media platforms. This enhances accessibility and responsiveness to customer inquiries and concerns.

Cons:

  • Unregulated: One notable drawback is that Kitco operates in an unregulated environment. This lack of regulatory oversight may raise concerns about investor protection and transparency, as there are no regulatory authorities overseeing the company's activities.

  • A report of scam: Additionally, there have been a report of scam activities associated with Kitco which tarnishes its reputation and raising doubts about the integrity of its services.

Is KITCO Safe or Scam?

When considering the safety of a financial company like KITCO or any other platform, it's important to conduct thorough research and consider various factors.

  • Regulatory sight: Its been verified that the broker is currently not regulated by any recognized financial authorities, which means that there is no guarantee that it is a safe platform to trade with.

Unregulated
  • User feedback: A report of scam on WikiFX should be taken into consideration as potential red flags. It is recommended for you to do investigation before engaging with any investment platform.

  • Security measures: Kitco's privacy policy ensures data security through encryption protocols, secure servers, and restricted access.

Ultimately, the decision of whether or not to trade with KITCO is a personal one. You should weigh the risks and benefits carefully before making a decision.

Market Instruments & Services

Kitco boasts a diverse array of market instruments and services catering to a wide range of investors and traders.

In the trading sphere, clients have access to a plethora of options, including Forex, cryptocurrencies, and futures contracts covering metals, energies, grains, indices, and meats.

Furthermore, Kitco facilitates the buying, selling, and mining of precious metals like gold, silver, platinum, and palladium. Clients can also benefit from Kitco's refining services for various metals, ensuring transparency and reliability in the precious metals market.

forex major rates

Trading Platforms

Kitco's proprietary trading platform KITCO App is available on both iOS and Android devices. It provides comprehensive coverage of base metals, mining, and gold news, catering to investors' diverse needs.

With real-time market updates, in-depth analysis, and customizable tools, it empowers traders to make informed decisions. Whether tracking commodity prices, monitoring market trends, or executing trades, Kitco's platform offers a user-friendly experience tailored to the complexities of the metals and mining industries.

Trading Platforms

User Exposure on WikiFX

On our website, you can see one report of scam, though issue resolved, it still should be marked as red flag. Traders are encouraged to carefully review the available information. You can check our platform for information before trading. If you find such fraudulent brokers or have been a victim of one, please let us know in the Exposure section. We would appreciate it and our team of experts will do everything possible to solve the problem for you.

User Exposure on WikiFX

Customer Service

KITCO provides multiple customer service options to assist its clients. Customers can reach out to KITCO through various channels to address their queries and concerns as below:

CANADA (HEADQUARTERS): MONTREAL, 620 CATHCART, SUITE 900, MONTREAL, QUEBEC H3B 1M1.

Email: info@kitco.com.

Tel: 1 877 775-4826 (USA & CANADA); 514 875-4820 (WORLDWIDE)

CHINA/HONG KONG: KITCO (H.K.) METALS LIMITED, UNIT 1405, 14/F, WEST TOWER, SHUN TAK CENTRE, 168-200 CONNAUGHT ROAD CENTRAL, SHEUNG WAN, HONG KONG.

Tel: (852) 2827-7800

Email: hkinfo@kitco.com.

contact details

Moreover, the company also offers an inquiry form for customer to desribe them questions in details and social media including Facebook, Twitter, LinkedIn, Instagram and YouTube as mordern supplementary customer support.

User Exposure on WikiFX

Conclusion

According to available information, KITCO is a non-regulated Canada-based metal trading firm who is offers a range of market instruments and services spanning Forex, cryptos, futures on metals/energies/grains/indices/meats/currencies and buying/selling/mining/refining of metals. However, it is important to consider certain factors such as non-regulated status and a report of scam that raises concerns. Thus, it is critical that for you to do full investigation of the company and seek up-to-date information directly from KITCO before making any investment decisions.

Frequently Asked Questions (FAQs)

Q 1: Is KITCO regulated?
A 1: No, it‘s been verified the broker is currently under no valid regulations.
Q 2: Is KITCO a good broker for beginners?
A 2: No. it’s not a good broker for beginners because its not properly regulated.

Risk Warning

Online trading involves significant risk, and you may lose all of your invested capital. It is not suitable for all traders or investors. Please ensure that you understand the risks involved and note that the information provided in this review may be subject to change due to the constant updating of the company's services and policies.

In addition, the date on which this review was generated may also be an important factor to consider, as information may have changed since then. Therefore, readers are advised to always verify updated information directly with the company before making any decision or taking any action. Responsibility for the use of the information provided in this review rests solely with the reader.

User Reviews

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Comments

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FX1623881475
more than one year
After a month of using Lightspeed for trading, I'm still waiting for answers to my questions, and the connection issue remains unresolved.
2024-02-23 11:13
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FX1386989525
more than one year
I've been using KITCO’s forum service for a while now, and I have to say it's been an incredibly helpful platform for me as a trader. While I do find the website design to be a bit cluttered and hard to navigate at times, the forum community is top-notch. I've been able to connect with other traders, share ideas, and learn a lot from the discussions on the site.
2023-03-24 11:56
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