At first glance, KingstonGates appears to be yet another “innovative” platform for online trading. A sleek website, promises of cutting-edge service, and a team of “experts” with years of experience. However, here’s the catch: they lack licenses from reputable regulators such as the FCA or CySEC. This means no real protection for client funds. Additionally, there are very few reviews online. So, should you trust your money with this platform? Or is this just another scam broker that will disappear with traders’ funds? Let’s take a closer look.
Table of Contents
Highlights
🏛️ Country | United Kingdom, Saint Vincent and the Grenadines |
⚠️ Regulation | – |
🖥️ Website | https://kingstongates.com/ |
🎲 Demo Account | No |
⏳ Start Time | 2024 |
💲 Minimum Deposit | $250 |
⚖️ Minimum and Maximum Leverage | 1:300 |
⚙️ Trading Platform | WebTrader |
support@kingstongates.email | |
📞 Phone | +441277282822 |
First Impression of Kingstongates.com
The design of the official KingstonGates website is a perfect example of how not to do things. First, the site uses a pre-made template we’ve seen before with other companies — and those have always turned out to be scams. Second, the broker reveals almost nothing about itself; many details about the platform’s operations and trading conditions are hidden. These are serious red flags that strongly hint at the true nature of this company.
The blurry skyscraper background is likely intended to inspire trust, but it looks like it was taken from the first stock photo available. The entire website structure is a copy-paste job from hundreds of similar brokers. You would expect a broker’s website to answer key questions: Where is the license? Who runs the company? What are the trading conditions? Instead, KingstonGates provides nothing but a stream of meaningless text. Phrases like “smart and easy investments”, “world-class platform”, and “experienced team of experts” are typical clichés that offer no real value.
There’s a top menu, but it’s completely useless. For example, you open the “About Us” section, only to find absolutely no relevant or necessary information about KingstonGates. No founding date, no company history, no licenses, no legal address. Everything revolves around empty promises and fancy words. This is a classic hallmark of a shady project: it feels like they have no real business model, and the website itself is merely a trap for unsuspecting investors.
Partnership and Bonuses
Bonuses at KingstonGates are not a gift — they’re a trap. To withdraw them, you need to trade 50,000 times! If you’re given $1,000, you’d need to generate $50 million in trading volume. It’s obvious these conditions are impossible to meet, meaning the bonus effectively locks your deposit. If you attempt to withdraw anything, the bonus will be canceled, along with any profits.
The affiliate program is a classic referral pyramid. They promise up to 15% of your friend’s deposit, but the minimum deposit is $2,000. It’s a clever way to lure in unsuspecting clients. In reality, referral payouts are either “delayed” or outright canceled. KingstonGates has devised a system where bonuses prevent withdrawals and the affiliate program turns clients into recruiters to bring in more victims.
Account Opening on Kingstongates.com
Next, let’s look at the account registration process and the personal account interface. However, KingstonGates doesn’t even let you start the registration process. When you try to open the registration window, it simply doesn’t load. This issue is widespread, and many people are unable to create an account on their own.
This is yet another red flag. Any trustworthy broker would allow traders to freely register and access their accounts. Some scammers deliberately restrict this capability. The reason is unclear, but it might be part of their overall fraudulent scheme. This makes KingstonGates look even more suspicious.
Verification
To withdraw money, KingstonGates requires you to pass KYC verification, which is more like a never-ending quest to upload documents. You’ll need to submit a copy of your passport, proof of address, and even photos of your credit card (both front and back). Naturally, the company reserves the right to reject any documents without providing an explanation. It’s alarming how many people might willingly hand over their personal information to such a shady firm.
Document submission is done either through the website or via email, but the duration of the verification process is a mystery. KingstonGates reserves the “right to take unlimited time to review”, meaning your funds could be frozen for weeks or even months. And if verification is denied — say goodbye to your deposit, as they are not obligated to explain their decision.
- KYC is a mandatory procedure.
- It is not known how long the verification of documents lasts.
- Verification may be manipulated.
- It is not clear how securely the data is stored.
Trading Software
KingstonGates reveals nothing about its trading platform. There isn’t even a dedicated section explaining the terminal’s features. This clearly demonstrates how secretive the company is, and its official website offers no real value.
We don’t even have the opportunity to see the terminal firsthand since registration is unavailable. In any case, it’s doubtful that the broker provides a modern platform with advanced features and tools. Most likely, it’s a basic web trader with limited technical analysis tools and basic indicators, without mobile or desktop versions.
Features | KingstonGates | Zinzenova | MediaHomeLife |
---|---|---|---|
Demo Account | ❌ | ❌ | ❌ |
Mobile App | ❌ | ❌ | ❌ |
Own Development | ❌ | ❌ | ❌ |
How Can I Trade With KingstonGates?
The trading conditions are outlined in the tariff plans, but the company discloses very little, so let’s examine the account types.
All Info About Accounts
KingstonGates offers six account types, and the structure seems as suspicious as it is absurd. A minimum deposit of $250? Classic scam behavior. It gets worse — if you want “real” conditions, you’ll need to deposit $10,000, $50,000, or, better yet, a full million dollars. Why such exorbitant amounts? Because it’s an easy way for the broker to extract as much money as possible from clients. And who in their right mind would invest such sums in an unknown company?
One deceptive tactic is the artificial division of clients into “classes”. The more you invest, the better the conditions. Want proper market analysis? Pay more. Want faster withdrawals? Deposit $50,000, and your request will be “prioritized”. It’s an utterly nonsensical system designed to siphon off as much money as possible before the company inevitably disappears. No legitimate and trustworthy broker operates this way.
Leverage up to 1:300? That’s a dream come true for a dealing desk. In regulated jurisdictions, such high leverage is banned because it turns trading into a casino where clients lose their deposits in just a few trades. However, KingstonGates doesn’t mind this risk because your losses are their profit. They act as the counterparty to your trades, meaning when you lose, the money stays with them.
And the most intriguing part — no commissions! Sounds appealing, right? In reality, this means KingstonGates doesn’t earn from commissions or spreads; instead, they profit by trading against their clients. If a broker has no clear source of income, it can only mean one thing — they make money from clients’ losses. And if you somehow manage to turn a profit? That’s when the “technical issues”, “security checks”, and other excuses come into play to block your withdrawals.
- None.
- Insane minimum deposit requirements.
- The broker works as a dealing desk.
- A huge leverage.
Market Analysis and Education With Kingstongates.com
All the interesting additional services are available only on the most expensive plans, so there’s no point in even considering them. While KingstonGates offers some minor tools like e-books, a glossary, an asset index, and an FAQ section, these provide no real value to clients.
Deposit, Withdrawal, and Fees
Deposits can be made via cards, bank transfers, and cryptocurrency. Withdrawals are promised within 7–10 days, but in reality, the process often takes much longer. Moreover, 7–10 days is an unreasonably long timeframe. Many reputable companies process client withdrawals on the same day they are requested. KingstonGates, however, seems intent on dragging out the process. They charge a 1% fee, but no less than $30. This means if you try to withdraw $100, a third of it will be eaten up by fees.
Features | KingstonGates | PBA Group | Nixse |
---|---|---|---|
Debit/Credit Cards | ✔️ | ✔️ | ✔️ |
Electronic Payments | ❌ | ❌ | ❌ |
Crypto Transfers | ✔️ | ✔️ | ✔️ |
Deposit Fee | ❌ | ❌ | ❌ |
Withdrawal Fee | ✔️ | ❌ | ❌ |
How Can I Contact It?
KingstonGates offers only two ways for users to contact managers: email and a UK phone number. It’s curious that the phone number is British, yet there’s no office address provided. What’s even more suspicious is that the contact details are fake. For instance, the listed email address simply doesn’t exist — it’s a fake.
Additionally, there is no online chat feature, which is a highly convenient way to quickly communicate with support. You don’t need to call anyone, and email responses can take forever. Online chat solves multiple problems at once, but it’s entirely absent here.
- None.
- No online chat.
- Fake contacts.
Is KingstonGates Dangerous?
The company strongly resembles many other fraudulent platforms: the same templated website, unfavorable trading conditions, and fake contact information. We can already conclude that this is a scam, but let’s examine the key aspects further: licenses, operating history, and legal details.
How Long Does The Broker Work?
The length of time a broker has been operating plays a key role, but KingstonGates says nothing about it. Very observant users might notice that at the bottom of each document on the website (such as the AML policy, user agreement, etc.), there’s a date — 2020. However, this doesn’t mean the company has been in the market for five years. That’s not the case. The documents are simply recycled from an old template used to create the website, which highlights how outdated this scam scheme really is.
As shown in the screenshot above, the domain kingstongates.com was registered in September 2024. This is the actual founding date of the company, meaning it has no experience whatsoever.
How Is KingstonGates Regulated?
Regulation is another critical question, but it’s immediately clear that the company is unregulated. There is no mention of any licenses, which is the clearest sign of an illegal broker. If the firm had obtained a license, it would prominently display it on the homepage.
KingstonGates lists a UK phone number, but there is no such company in the United Kingdom. We checked the country’s official Companies House register and found nothing.
Additionally, the user agreement mentions that the platform operates under the laws of Saint Vincent and the Grenadines. However, this is outdated information, as the document is just copied from an old template. KingstonGates is not listed with the SVGFSA either.
Features | KingstonGates | MWM Group | Ixxen |
---|---|---|---|
European Zone | ❌ | ❌ | ❌ |
Asian Zone | ❌ | ❌ | ❌ |
American Zone | ❌ | ❌ | ❌ |
African Zone | ❌ | ❌ | ❌ |
Offshore | ❌ | ❌ | ❌ |
How to Trade With KingstonGates?
Is KingstonGates Legit?
How Risky Is It?
Another fraudulent trap has been thoroughly analyzed. It’s clear that the same group of scammers is behind this, creating their fake platforms over and over, simply changing the names and websites. Remember well how the official KingstonGates site looks. The next time you see something similar, you won’t need to waste time researching — it’ll be obvious that you’re dealing with another scam broker. Keep in mind that withdrawing funds from such firms is impossible, so don’t even think about making a deposit.
KingstonGates rating
1 review about KingstonGates
My advice is to stay far away from this platform. I have extensive experience in trading, and I can easily tell the difference between a scam and a reliable platform. KingstonGates is one of those fraudulent sites designed to steal money from traders. There are countless websites like this, and they all look the same. This one doesn’t even have an official registration, so don’t even bother looking for a license. The trading conditions are absolute nonsense. Also, don’t pay attention to positive reviews – they’re fake! Scammers love to commission fake reviews about themselves to lure unsuspecting traders.