KiwiFxBank.com Review

1.597 • 7 REVIEWS
Out of business
Updated: Apr 13, 2022

WARNING:  There are two FPA Traders Court Guilty verdicts against KiwiFxBank.  The FPA recommends a very high level of caution dealing with this company unless these issues can be resolved.

GAME OVER?  ASIC has shut down KiwiFxBank.com.  The company is not a bank and does not hold licenses to be a forex dealer.  Further proceedings are expected to begin on September 22nd, 2014.  Account holders are advised to contact ASIC as soon as possible.

KiwiFxBank.com
Out of business
1.597 • 7 REVIEWS

Recent User Reviews of KiwiFxBank.com

S
sri rejeki
medan, Indonesia,
Feb 22, 2014,
Guest

Issue escalated to Traders Court dhyiez vs kiwifxbank.com | GUILTY
okay i want to share a lot of things here
i deposited to kiwifxbank 198$
and i made profit 1334.24
i made first withdrawal and it succeed
after it i want to withdrawal again and they said i break their terms
they do not allow news trading but we can see in their site and of course in their terms and condition they allowed it
so from this they starting to scam me
after that i made another withdrawal and its not entering the site
they changed my account type
and i mailed them again and again
they said they are allowing to trade news but they liquidity not allowing that
so why in their site they write to allow trading news?
and of course i cant withdrawal my deposit too, so its eaten by them
and for information i am using 5 digit account
and you can see my explanation up there
O
Olayemi Ibraheem Olayinka
Ilorin, Nigeria,
Jan 21, 2014,
Guest

Issue escalated to Traders Court Olayemi Ibraheem vs kiwifxbank.com | GUILTY
My name is Olayemi Ibraheem,am having an issue with kiwifxbank,i placed a withdrawal on the 14th/11/2013,they don't want to pay my money,they keep posting me,they haven't pay me my withdrawal since on the 14th of november which i made the first withdrawal,the second withdrawal was also placed on the 25th of november,they are yet to pay me any of them,i sent mail now.they don't reply me again.when chatting with the live help it keeps tell me to send a mail to people that doesn't reply my mail.I have started a thread here.
Y
Yead ali khan
, Bangladesh,
Jan 3, 2014,
Guest

I am a client with this broker.I made small profit from this Broker.I have tried for withdraw.I got My Deposit amount and profit also.Overall good broker.
F
farshad
dhaka, Bangladesh,
Jan 2, 2014,
Guest

This is new broker.I have been tarde with this broker more than 02 months.I maintain professional account with this broker.I have already made profit of 7600 USD with this broker.I have already withdraw full profit.So i donot have any objection for this broker.They have already give us news that in 4 digit account News Trading is not allowed.But In professional account everythings is cool.
R
Red devil
Dhaka, Bangladesh,
Dec 10, 2013,
Guest

Totally scam Broker.. They shut down my Partner account also deduct all my deposit without any reason. firstly they said that they r news friendly broker, but now a days they dont allow news trade in 4 digit account.. last month they said that they r not allowed Buy stop or sell stop before news release.. That time i chat with them and they said me that i can open instant buy sell before news.. but when i making profit they deduct my all profit also make my account $0 From $1000
P
Pankaj D Costa
Dhaka, Bangladesh,
Nov 29, 2013,
Guest

This broker is working as like a scam broker. They are not allow news trade in 4 digit account because clients gain profit. If any client gain good profit, they applied slippage, raw spread and unusual spike. They do not apply 10% stop out and client are loosing their capital even over dues. This broker blocked my 30K amount and all account because I had gain good profit. They cheated with another client and hunted 15K from his account. This broker opened and delete order to clients account to force loss.
E
earningway
dhaka, Bangladesh,
Nov 18, 2013,
Guest

big big scam and worst broker.they cheated me my money their fixed spread account not a fixed spread they manipulated their spread.it's a big scam broker.