Kiplar Review | Access to an Extensive Range of More than 10,000 Assets or a Scam?

by Kevin Berry
  1/5   Reviews: 5
Kiplar - logo

Are you interested in trading in the financial markets and earning money? Kiplar claims to provide such an opportunity, offering access to an extensive range of more than 10,000 assets, including forex, metals, indices, stocks, commodities, and cryptocurrencies. However, it’s crucial to check the company you intend to work with thoroughly. After all, it is an offshore broker without a license and with an ambiguous reputation on the internet. Reviews have been inconclusive regarding its legitimacy, leaving us with the task of investigating the firm in detail to arrive at a definitive conclusion.


🏛️ Country St. Vincent and the Grenadines
⚠️ Regulation
🖥️ Website https://kiplar.org/
🎲 Demo Account No
⏳ Start Time 2020
💲 Minimum Deposit $250
⚖️ Minimum and Maximum Leverage 1:1-1:400
⚙️ Trading Platform KIP Trader
📨 E-mail assistance-en@kiplar.com
📞 Phone +18194860127

First Impression of Kiplar.org

The official website of Kiplar sets itself apart from the cookie-cutter templates often used by other brokerage firms, but the uniqueness doesn’t translate to quality. The site lacks design flair and special effects; it simply enumerates its features and advantages without any supporting evidence. It even includes puzzling images of people in suits, which add nothing to its credibility. Aesthetically and from a design perspective, the site comes across as lackluster, unimpressive, and uninspired. Crucially, it also lacks detailed information and important registration documents, making its claims even more suspect.

Kiplar - site

In addition to English, the text is translated into 8 other languages, but using machine translation rather than human translation. Kiplar’s main page’s header includes standard links to social media platforms and informational sections about the company, its platform, types of accounts, contact details, and tradable asset classes. In essence, the site offers nothing innovative. The layout is composed of alternating blocks claiming the broker’s benefits. The footer carries a warning about the risks of trading, repeats the social media links, and includes terms and conditions, as well as key documents like a user agreement and AML & KYC policies.

Overall, Kiplar’s website is rather unremarkable, a generic resource with clichéd phrases, hardly the hallmark of a business aiming for long-term, mutually beneficial relationships with traders.

Partnership and Bonuses

Details about affiliate programs and bonus offerings are only accessible during the registration process or when reviewing the user agreement. For reasons that remain unclear, Kiplar has opted not to display this information openly on its website. When signing up for an account, you have the option to enter a referral code, suggesting that an affiliate program does exist. The user agreement also features a section specifically devoted to bonuses. Nevertheless, we were unable to locate the specific terms governing either the affiliate program or the bonus offerings.

We’d like to remind you that bonuses offered by brokers, including Kiplar, usually come with specific conditions attached. These conditions often restrict your ability to withdraw funds and typically require you to achieve a certain level of trading volume within a set period. Many traders end up losing money while attempting to meet these bonus requirements because the company sets unrealistic goals. This difficulty is experienced even by seasoned traders. Therefore, we recommend avoiding using bonus funds, particularly if you’re new to trading.

Account Opening on Kiplar.org

The registration process is quite tedious. Not only do you need to provide basic information like your full name, phone number, email, and password, but you’ll also be asked for your date of birth and residential address. Additionally, Kiplar requests additional details like a promo code, if you have one, and requires you to select the account currency (either USD or EUR). Finally, you must agree to their terms and conditions.


We were unable to create an account. After inputting all the required information, instead of being directed to the dashboard, an error window opens saying: “Your request has been denied. Please reach out to us for further assistance.”

Error registration

We reached out to Kiplar’s technical support to understand the reason behind the issue, taking advantage of their online chat feature for prompt communication. Surprisingly, the chat representative asked for our phone number, name, and country so a support manager could get in touch with us. What’s the rationale behind this? Why can’t users simply register an account to explore the internal interface, and trading platform, or even try a demo? Notably, it appears Kiplar doesn’t even offer a demo account, as there is no mention of it.



Verification is mandatory when dealing with this broker, as the company adheres to Anti-Money Laundering and Know Your Customer policies. Kiplar specifically asks for the following documents:

  • Proof of Identity, such as government-issued I.D., driver’s license, or passport.
  • Proof of Residence, such as bank statement, utility bill, certificate of residence, and government-issued lease agreement not older than 6 months.
  • A front and back copy of the credit card, if such, was used to conduct a financial transaction with Kiplar. The client must take note of the following when submitting a document copy of credit: display the first six digits and last four digits of the card, cover the remaining six digits of the card in the middle, signature on the card must be included, and cover CVV.

The platform doesn’t allow for document uploads via the dashboard. Instead, you’re required to send your files in JPEG, PNG, or PDF formats to the email address idconfirmation@kiplar.com. It is quite inconvenient and leaves you uncertain about when your documents will be reviewed. A more user-friendly option would be the ability to upload these files directly through a personal account dashboard.

  • None.
  • Requires you to take a picture of your bank card
  • Uncomfortable uploading documents. Need to send them by email.

Trading Software

Unfortunately, we can’t test the functionality, features, and capabilities of the Kiplar trading terminal in practice, as registration is currently unavailable. Therefore, we have to rely on the information provided on the official website. It’s foolish to do so because companies will obviously praise their own platform and call it the best. However, there’s nothing we can do; we’ll have to take their word for it.

Kiplar has its own trading platform called KIP Trader. The terminal is available on all devices: Windows, Mac OS, Linux, WebTrader, Android, and iOS. Advantages include advanced charting tools, more than 10,000 assets, netting and hedging position accounting systems, market depth and one-click trading, real-time quotes in market watch, a full set of orders, including pending and stop-orders, 3 chart types and 9 timeframes, built-in chat, financial news, alerts, and push notifications.

Features Kiplar Xtrader365 Oanda
Demo Account ✔️
Mobile App ✔️ ✔️
Own Development ✔️ ✔️

How Can I Trade With Kiplar?

Traders can only trade CFDs, as the firm does not offer futures or spot markets. Kiplar allows leverage of up to 1:400. The list of additional services and features depends on the type of account chosen.

All Info About Accounts

Kiplar provides five different account types, and one of the most dubious aspects is the high minimum deposit requirement. To access the first tariff, a deposit of $250 is required, which seems excessive compared to other popular and reputable forex brokers that often have no minimum entry threshold. For newcomers, Kiplar offers a suite of additional services, including access to all trading platforms, an education center, price alerts, and volume from 0.01 lots. Interestingly, the firm doesn’t charge any commission fees, suggesting that traders may encounter higher spreads instead.

Kiplar’s second account type mandates a substantial $2,500 deposit and offers additional perks such as a personal manager and a customized trading strategy. Intriguingly, the third tier, which requires a hefty $25,000 initial deposit, provides access to all asset classes. It raises questions about the limitations faced by the holders of the first and second-tier accounts – do they have restricted trading options? Furthermore, those with the “Advanced” account enjoy benefits like exclusive daily market analysis, a personalized portfolio, and the choice between variable or fixed pricing. The fourth and fifth tariffs also allow for hedging and include research tools and negative balance protection.

Account types

The broker’s trading conditions raise a lot of questions. First off, why does the table specify lot sizes “from 0.01” at the bottom, yet it lists different values, starting from 0.1, at the top? Secondly, does one truly need to make a substantial $25,000 deposit to access the full array of trading assets? It poses a barrier for those who can’t commit such large sums, effectively limiting their trading opportunities. Thirdly, information on transaction fees and spreads is conspicuously missing. Lastly, it’s concerning that negative balance protection is only available for the highest tariff, leaving those without “VIP” status potentially exposed to significant financial risk.

The trading terms at Kiplar highlight a concerning lack of expertise on the part of those who devised them. The company’s management fails to grasp what clients are looking for, including industry norms and standards regarding fees and spreads. After reviewing the available information, one is left with more questions than answers. Additionally, the broker seems to operate under the “pay more, get more” philosophy, a principle often associated with fraudulent firms. It raises red flags about the broker’s credibility and the value it offers to its clients.

  • None.
  • High minimum deposit.
  • Unknown important trading conditions: commissions, and spreads.

Market Analysis and Education With Kiplar.org

The company lacks an analytics section. The only additional feature it offers is information on the expiration dates of futures contracts. While the platform is said to include a news feed, we are unable to verify this claim. Free materials are absent, except for descriptions of asset classes, but judging by the description of tariffs, clients get access to an educational center. However, the firm falls short by not offering key resources like an economic calendar, technical analyses, or a calculator for determining trading position parameters.

Deposit, Withdrawal, and Fees

There is no separate section dedicated to depositing and withdrawing funds, so one has to dig through the mountain of text in the user agreement, which is extremely inconvenient and not customer-oriented. Kiplar accepts credit/debit cards and bank wire transfers. Specific commission sizes are not indicated, and there is no information about support for transfer methods through electronic wallets and cryptocurrencies.

Features Kiplar IC Markets Crypto Comeback Pro
Debit/Credit Cards ✔️ ✔️
Electronic Payments ✔️
Crypto Transfers
Deposit Fee
Withdrawal Fee ✔️

How Can I Contact It?

Kiplar has provided a phone number and email address for contact with managers. Additionally, users can send messages through online chat and submit a request for feedback through a special form. Furthermore, the broker has Twitter and Instagram accounts. However, there are few followers, and the quality and frequency of the content leave much to be desired. Kiplar has 196 posts on Instagram over the company’s lifetime and just over 200 followers. The Twitter account was created in 2020 and has amassed only about 60 followers over several years.

  • There is an online chat for quick communication.
  • Social networks Twitter and Instagram are maintained.
  • Too few followers on social media.

Is Kiplar Dangerous?

Opening an account with Kiplar requires mandatory phone conversations with a company representative, which might be inconvenient for some. The trading conditions presented by the firm are not only ridiculous and puzzling but also fall short of industry standards. Moreover, online reputation is concerning, given the numerous negative reviews and critical expose articles about the broker. As such, it becomes essential to investigate a firm’s operational history and licensing to make a comprehensive evaluation of the broker’s legitimacy.

How Long Does The Broker Work?

The domain kiplar.org was registered in November 2020, and its St. Vincent and the Grenadines registration number, 25797BC2020, also indicates the same year. Additionally, Kiplar’s social media accounts were initiated in 2020. Such a period of operation cannot be considered long or solid. As a general guideline, we recommend traders look for firms with an operational history that spans over a decade for a more secure and trustworthy.

How Is Kiplar Regulated?

The broker lists its legal address as being in St. Vincent and the Grenadines, which makes it necessary to check the SVGFSA registry, responsible for the regulation of local companies. However, Kiplar is not listed in the registry.

Kiplar - SVGFSA

The fact that the organization claims to be registered in the jurisdiction of St. Vincent and the Grenadines raises more concerns than assurances. Whether Kiplar is genuinely registered there or presenting a fictitious address is irrelevant. Even if the address proves to be legitimate, it serves as another red flag. This jurisdiction is notoriously popular among fraudulent companies and criminals for registrations. At a minimum, a reputable firm should have branches in multiple countries; however, our subject lacks both additional branches and any form of licensing.

Features Kiplar FxPro Capitalex Pro
European Zone ✔️
Asian Zone
American Zone
African Zone ✔️
Offshore ✔️

Frequently Asked Questions (FAQ)

How to Trade With Kiplar?

On the official website, there's an account registration section where you're required to enter personal information, create a password, and agree to the trading terms. However, it's mandatory to communicate with a broker's manager following this initial step. Failing to do so makes it impossible to set up a brokerage account.

Is Kiplar Legit?

The company is not regulated anywhere or in any way. The firm is illegal, and the authenticity of its legal address could not be verified. Licenses are absent.

How Risky Is It?

Kiplar is a 100% risk of financial loss. It's inadvisable to cooperate with companies that lack a license and are registered in jurisdictions known for being popular among scammers and fraudsters.
Kevin Berry
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Expert Opinion

Kiplar has been involved in illegal activities for quite some time now. It’s noteworthy that before a client starts trading, they are thoroughly “processed” by a manager. After submitting personal details, clients are required to provide a contact number for the broker’s representative, who will undoubtedly aim to extract as much money as possible from the unsuspecting individual. The broker does not offer a demo account, and the existing trading conditions are not conducive to profitable trading. In short, Kiplar is an overt scam and should face consequences for its actions. Interestingly, they claim to have their own trading platform based on the well-known MetaTrader software. However, upon examination of the screenshots, I found no resemblance to MetaTrader. Furthermore, the broker operates on a dealing desk model, which benefits the firm when traders lose money rather than earn it.

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Kiplar rating

The level of trust
Quick withdrawal of funds
Efficiency of technical support
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The level of trust
Quick withdrawal of funds
Efficiency of technical support

5 reviews about Kiplar

LogLog1233 August 4, 2023 - 16:12
Fraud, scam
The level of trust
Quick withdrawal of funds

Steer clear of fraud and scams at all costs. This broker is completely fake and illegitimate, designed to swindle people out of their hard-earned money. The anonymous criminals behind this site have no shame. Beware, they are SCAMMERS AND FRAUDSTERS!

Pipucheck August 17, 2023 - 06:59
My withdrawal is not working
The level of trust
Quick withdrawal of funds
Efficiency of technical support

Unfortunately, withdrawing funds from Kiplar seems to be impossible 🙁 I have more than $1,000 trapped in my account because my withdrawal request has gone unprocessed. The staff were very pleasant and accommodating, but their demeanor changed drastically the moment I made a deposit. Since then, I’ve been ignored, and I’m unable to retrieve my money. Could anyone offer some guidance on how to proceed? 🙁

Onix August 28, 2023 - 18:47
There are so many signs of a scambroker
The level of trust
Quick withdrawal of funds
Efficiency of technical support

Firstly, kiplar operates without a license. Any brokerage company, even an offshore one, must obtain a license for brokerage activities. No license = illegal activity. Secondly, the positive reviews that you can find online are definitely fake. I am 100% sure that all positive reviews about the broker are fake and written to order. Do not believe them under any circumstances. Thirdly, registration in Saint Vincent and the Grenadines is a guaranteed sign of fraud. As is the minimum deposit of $250, also a guaranteed sign of fraud. Saint Vincent and the Grenadines + minimum deposit of $250 are the most frequently occurring features among fraudulent forex brokers. Fourthly, there are no registration documents, no financial statements, and the company operates against its own traders. Here there are fake charts and fake liquidity; the market is fake, and so is the trading. Scammers manipulate the charts and drain the traders. I cannot recommend this pseudo brokerage firm to anyone.

Gustavo Acig September 8, 2023 - 02:10
There is no point in trading with Kiplar
The level of trust

Don’t listen to what managers from the scambroker Kiplar say. They are swindlers and scammers who are only interested in one thing – taking your money. Their main and only goal is to get the victim to deposit money. And the bigger the deposit, the better for them. Simply put, it is impossible to withdraw funds from this trash bin. So, if you have invested money in the fraud broker Kiplar, congratulations, you have lost all your money. You won’t get back a single penny. The scammers will take every last cent from you. Don’t hope for a refund. Scammers operate anonymously, so it’s impossible to find them and get your money back. And if you want to open a brokerage account here, I recommend not doing so. What’s the point of transferring money to a fraudulent firm if they won’t give it back later?

PriceGoUpGoDown September 13, 2023 - 12:50
An illegal dealing desk
The level of trust
Quick withdrawal of funds

I do not recommend trading with brokers who operate without a license/certificate for brokerage activities. What’s the risk? The risk is that such companies are most likely ordinary scammers who are just waiting for a trader to come and invest money, only to then scam them out of it. All reputable brokerage firms, first and foremost, strive to obtain permission from the regulator to conduct their activities because having such a document immediately increases customer loyalty. Therefore, do not trade with Kiplar because the broker is unregulated, and it is unclear what they will want to do with your money.
Moreover, this is not a real broker but a typical dealing desk. What does this mean? It means that the firm benefits when traders lose money. A dealing desk cannot make more money than what is put into it. The company has to earn money somehow, and it does so at the expense of traders.
Now imagine a mixture of a broker without a license with a dealing desk business model? It’s the perfect combination for manipulation, fake trading, and fake charts. Therefore, you should avoid Kiplar.


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