Kato Prime Review – How safe is to invest here?
After conducting some research on investing forums and social media platforms, we learned that many people had negative experiences with Kato Prime and left conflicting opinions about it. You should examine it before making an investment because it appears that Kato Prime is an unreliable investment company. Read a complete Kato Prime review, and you’ll see that not all things are as good as they appear. We’re going to expose a scammer.
Website: https://katoprime.com/
Address: New Horizon Building, Ground Floor, 3 1/2 Miles Philip S.W. Goldson Highway, Belize City, Belize
Warning: Not Recommended By Review Website Like Scam Helpers
Regulated? Claims to be regulated by IFSC
Kato Prime is a CFD broker that started up in January 2021. It is regulated by the IFSC in Belize.
They are now housed in the New Horizon Building, Ground Floor, 3 1/2 Miles Philip S.W. Goldson Highway, Belize City, Belize, owned and run by Kato Prime Belize Limited. Support@katoprime.com is the customer service email address, and the contact phone number is +12134567777. There is an official website at katoprime.com. Investors who have issues with withdrawals or complaints should read this Kato Prime review.
Is it safe to invest in Kato Prime?
According to our analysis of the brokers Kato Prime, they provide investors and day traders with the traditional MetaTrader 4 or MetaTrader 5 desktop trading platforms. You may simply visit the play store and get the default MT4 app, even if they don’t provide a means to download a mobile trading app. Day traders and investors can view their official offering of more than 5000 underlying assets for trading CFDs, which includes all prominent Forex pairs, several Crypto Currencies, stocks, commodities, and metals.
Their website does not specify the rates of margin or leverage for Forex pairings. Many novice investors search for brokers with high leverage because they think doing so will make it simpler for them to profit. High-leverage trading is actually very risky, and new traders who don’t understand the risks often lose their money quickly.
Is Kato Prime a Legit Broker?
Technically, Kato Prime holds license number 000392/353 from the IFSC in Belize.
Their websites also state that Kato Prime Limited, a business with its headquarters in Saint Vincent and the Grenadines, is the owner of them (Company 26190 BC 2020). The issue is that SVG neither licenses nor governs brokers. Forex trading brokerage activities are not licensed in St. Vincent and the Grenadines, according to the SVG Financial Services Authority. further reading.
The Scam Broker Investigator checks if a new CFD broker has a current broker’s license to see if they are legitimate or likely to be a fraud. Many offshore scam brokers have vanished and gone out of business in recent months.
The best brokers are always licensed by the financial authority in your country, IIROC in Canada, ASIC in Australia, or both. Because their financial regulator keeps them safe, smart investors will never use a broker who is not licensed.
How does the scam work?
Despite operating under another unregistered organization, Kato Prime holds a Forex license, making it a dubious brokerage that should be avoided. Indeed, we have already come across brokers who were granted licenses by offshore agencies but afterward turned out to be deceptive con artists. So let’s quickly outline how fraudsters often behave in order to defraud as many people as possible out of their money.
What to do when scammed?
As the scammers may have already obtained your information, it would be better if you first called your bank to tell it and deactivate your card. This will help you avoid being exposed to extra threats.
Then, alert the financial authorities, make a complaint, contact the police, and don’t forget to spread the information online so that others are aware of the scam. However, it’s important to take your time when attempting to get your money back because many fraudsters construct phony chargeback companies to double-scam victims.
Also, if you are a victim of the Kato Prime scam, or other scams like the forex scam, cryptocurrency scam, binary scam, etc., file a complaint here to get your funds back. Scam Helpers can process your complaint and help you in fund recovery. We should begin and determine the matter before the harm is considerably greater. Your one step can save you and other people from being cheated by such brokers.
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