Kane LPI Solutions Limited Review | Any Signs of a Scam?

Kane LPI Solutions Limited has several offices in Mauritius, Malta, and Bermuda, with headquarters in the UAE. However, only addresses are provided with no direct proof. Moreover, the company boasts a sole license from DFSA, which still needs verification. There are almost no reviews online, so it’s hard to believe that the firm has been operating in the brokerage service market for 8 years, as claimed on its homepage. In short, we will try to thoroughly investigate the organization for signs of a scam, and then make a conclusion.

Highlights

First Impression of Kanelpisolutionsltd.com

The official website of this company is in two languages: English and Russian. Although Kane LPI Solutions Limited has no representations in Russia, and there is no license from the Russian regulator, so it’s quite strange to see support for such a singular language, besides English.

Instead of the standard placement of the panel with important information at the top, it has been moved to the left side of the homepage. The firm offers to explore the following sections:

• About company.
• Trade. Information about service, platform, and money transaction info.
• Analytics.
• Education. Technical and fundamental.
• Legal documents.
• Contacts.

On the homepage, one can appreciate the beautiful video sequence consisting of Dubai landscapes, skyscrapers, and captivating videos. Thus, the company clearly hints at its Dubai office. Next, Kane LPI Solutions Limited pompously and clichédly describes advantages for clients: reliability, affordability, profitability, convenience, and a clear vision of success. In short, the usual meaningless words and sentences.

Partnership and Bonuses

Neither a partnership program nor bonuses are offered. At least, they are not mentioned on the website, so it is recommended to clarify with the managers, as possibly such options are still provided.

There is no clear understanding of why there is no partnership program. After all, it’s a beneficial interaction for both parties. Clients receive additional income for inviting new users, and the company gets more revenue as more people trade on their platform. In general, a maximum strange and illogical decision on the part of the broker.

Account Opening on Kanelpisolutionsltd.com

Anyone who has reached the age of majority and is not a citizen of countries prohibited from using the company’s services can open an account. The full list of such jurisdictions can be found in the user agreement of Kane LPI Solutions Limited.

There is no demo account here, so you will have to open a real account type immediately. The registration process should not cause any difficulties. It’s a quick process where you need to specify certain information:

• Name.
• Contacts.
• Country.
• Password.

Once the data is successfully entered, you can apply. Then a personal account opens with a very simple and primitive interface. This immediately suggests that Kane LPI Solutions Limited did not work on providing clients with an attractive user interface.

Essentially, users can only perform standard operations through the client portal. For example, changing personal data, replenishing the deposit, creating requests for fund withdrawal, receiving transaction history, and uploading documents for KYC. Additionally, from the personal account, one can access WebTrader.

Verification

Kane LPI Solutions Limited requires identity verification, although there is no document dedicated to AML&KYC on the website. The company asks for a document proving identity, such as a passport or driver’s license. The broker also requests proof of residence.

Trading Software

We cannot check how the terminal works or how fast the orders are executed, as there is no demo account. However, we can visually assess the Kane LPI Solutions Limited platform and understand whether it is something professional and multifunctional.

The company talks about its terminal as some advanced and popular software. The platform allows keeping track of current quotes and news, that’s true. Moreover, we can add that traders have access to tools for technical and graphical analysis, including indicators. As well as pending orders, multiple timeframes, different types of charts, and multi-window options. Overall, the terminal is too primitive and suitable only for beginners, but not enough for professionals.

How Can I Trade With Kane LPI Solutions Limited?

The broker offers 100 financial instruments. These include 42 currency pairs, 35 US stocks, 6 precious metals, 15 cryptocurrencies, 6 indices, and 6 commodities. Here, all assets are CFDs, with no spot and futures contracts.

All Info About Accounts

The broker did not follow the standard approach of creating multiple types of accounts. At least, such information is not presented on the official website. However, Kane LPI Solutions Limited offers portfolio investments, with several types available to investors:

1. Balanced portfolio. A combination of aggressive and conservative.
2. Aggressive. Stocks, options, startups, high-yield bonds, and other instruments.
3. Conservative. Federal loan bonds, bank deposits, blue chips, metals, and real estate in developed countries.

Unfortunately, the firm does not disclose details for each portfolio. The minimum amount, commission, and cost of the service are unknown. Furthermore, the firm does not provide any trading conditions. Commissions, spreads, and other parameters remain a mystery.

We have already mentioned the absence of a demo account. Also, traders do not have the opportunity to open an Islamic tariff. ECN is also not offered, as well as a cent account type. In short, Kane LPI Solutions Limited is quite a secretive organization, as no conditions are known.

Market Analysis and Education With Kanelpisolutionsltd.com

On the main page of the website, the firm has placed a news feed with financial events and analytics. Kane LPI Solutions Limited also offers the use of an economic calendar, technical, and fundamental analysis.

Additionally, the company offers consulting services. A financial consultant provided assists with market analysis, news, and forecasts. This service includes training, independent decision-making, streaming data analytics, recommendations and suggestions on investment opportunities, and risk management.

Deposit, Withdrawal, and Fees

On the website, you can find a table with the supported methods of deposit replenishment. It lists credit/debit cards and cryptocurrency. The transfer commission is zero, and the crediting time depends on the method. However, in the client portal of Kane LPI Solutions Limited, in the deposit section, bank wire transfers and P2P are available. Other information is not available. We do not know how long it takes to process withdrawal requests, whether there are commissions, or other data.

How Can I Contact It?

Users can submit requests through a special feedback form and wait for a response. Alternatively, they can contact managers via one of two phone numbers (UK and UAE) or by email. Checking the provided contact information revealed nothing.

However, Kane LPI Solutions Limited has not created an online chat, which would have allowed traders to promptly resolve issues with technical support. Also, for unknown reasons, the firm does not maintain accounts on social networks, although this is an excellent tool both for advertising and for communicating with clients.

Is Kane LPI Solutions Limited Dangerous?

Can a broker, which hides all the main trading conditions, be reliable? Something tells us no. Therefore, it is essential to study the activities more closely: its duration of operation, legal address, offices, and licenses. Only after this can one understand whether it is a scam or a reliable firm.

How Long Does The Broker Work?

The “about us” section mentions the founding date as 2016. However, the domain was registered only in 2023, specifically on October 30, and updated on December 4. Don’t you find this strange? How did Kane LPI Solutions Limited operate without a website? Moreover, the low frequency of mentions of the firm on the internet only raises more suspicious thoughts. We believe that the platform was launched in 2023, and the information about 2016 is false. Next, we will consider regulations and legal addresses; if they turn out to be fake, then our assumptions about the short duration of operation will be correct.

How Is Kane LPI Solutions Limited Regulated?

We checked the presence of the company in Bermuda, Mauritius, and Malta. It turns out that the firm does not exist there. Local regulators are unaware of the existence of such a company. It remains to check DFSA.

The DFSA monitors brokerage companies registered in Dubai, UAE. And in this registry, it is indeed possible to find an organization named Kane LPI Solutions Limited, but is it the same firm as the website kanelpisolutionsltd.com? We have this question because the date of obtaining a license from the DFSA is June 10, 2020, while the company’s profile lists a completely different phone number. Moreover, the type of activity does not fit brokerage services.

On the internet, we found another firm named Kane LPI Solutions Limited. Its official website is kanesolutions.com, which was created a long time ago, not towards the end of 2023. Most likely, the subject of our review took someone else’s name along with legal data and appropriated them for themselves. Can such a thing be a sign of a safe company? Of course, not, quite the opposite, it’s a serious red flag and a guarantee of illegal activity.

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Expert Opinion

The fraudsters cleverly made it so that at first glance, it’s not even clear that this company is illegal. However, the facts of deception and fraud are evident. Scambroker took someone else’s name Kane LPI Solutions Limited, registration data, and then placed them on a fresh website, simultaneously starting to offer brokerage services for trading in financial markets. Thus, the scammers created the impression of a large and serious broker, whose information is supposedly confirmed in official registries. The check showed that the data belongs to an entirely different organization. So don’t even think about investing here; you will lose all your money.