Risk scorecard
Each area is scored 0 (clean) to 10 (worst). Higher means more risk.
Regulation
7/10 · HighNo financial licence of any kind while taking retail CFD deposits. Credit given for honest disclosure, no fabricated number and no warning-list entry, which keeps it off the maximum.
Identity & transparency
4/10 · ModerateRegistration number, entity name and address match the Saint Vincent register exactly, which is a genuine strength, but ownership is undisclosed, the contact details point to Dubai while the entity is Caribbean, and the firm is now unreachable.
Withdrawals & conduct
2/10 · LowNo fund-integrity complaint found on any platform. No refused withdrawal, no frozen balance and no advance-fee demand. The only gripes concern live chat speed and thin documentation.
Reputation
5/10 · ModerateSentiment is mildly positive but the footprint is negligible: one Trustpilot review in four years, three directory comments and two Facebook followers. Too thin to rely on in either direction.
Website claims
4/10 · ModerateUnusually honest on the central point, stating it held no licence and that the local authority does not supervise CFDs. Marked down for framing a company registration as authorisation and for an unnamed award-winning claim.
Operational history
6/10 · HighTrack record of about four years verified from both the domain and the company registry, which earns credit, but the operation has now gone dark abruptly with no wind-down notice to clients.
Who they are
A quick desk file on the company behind the brand.
- Brand: KAIFIN (also written Kaifin, KaifinTrade)
- Legal entity: KAIFIN LLC, registration number 2654, incorporated 24 October 2022
- Registered: Richmond Hill Road, P.O. Box 2897, Kingstown, Saint Vincent and the Grenadines. Registered agent: Euro-Caribbean Trustees Ltd.
- Website: kaifintrade.com, registered 27 September 2022, offline since mid 2026
- Only licence: none. The company holds an offshore company registration, which is not a financial licence and does not protect deposits.
- Offered: CFDs on currency pairs, metals, energies and crypto, on MT5 and cTrader, leverage up to 1:1000, four account tiers
- Not accepted: residents of the USA, Hong Kong, Singapore, and FATF high-risk jurisdictions including North Korea, Iran and Myanmar
- Age claim: the site carried a 2022 copyright and claimed no earlier history. That matches the records exactly.
Regulation
Who really oversees this broker, and what each licence is worth to you.
Proof of regulation on an official register: No
We could not confirm this broker on any genuine regulator’s register.
Licences the broker publishes
St. Vincent and the Grenadines Financial Services Authority (company registry)
Why we reached this verdict
How the evidence adds up.
Two facts drive this rating, and neither of them is an accusation of theft.
- It held client money with no financial supervision. KAIFIN LLC was an offshore company registration and nothing more. An International Business Company registration in Saint Vincent and the Grenadines is a corporate filing, not a licence to hold deposits or trade on a client's behalf. There was no regulator checking its capital, segregating client funds, or offering a complaints route. If money went missing, no authority was responsible for getting it back.
- It stopped operating without telling anyone. The site was working normally on 20 April 2026 with no closure or withdrawal notice. By September 2026 the domain no longer resolves to a website, one client subdomain no longer exists in DNS and another no longer completes a secure connection. The domain itself is still paid up until September 2027. A business that winds down properly tells its clients how to withdraw. We found no such notice.
We also want to be clear about what we did not find, because it matters.
- No warning list names this firm. We searched regulator alert sources and found nothing for KAIFIN or kaifintrade.com. One FCA warning entry with a similar-looking name belongs to a different company, Kaiser Invest Trade, and we have not counted it.
- The NFA rumour does not hold up. Two users on a third-party broker directory said KAIFIN claimed a licence from the US National Futures Association that they could not find. We checked NFA's own BASIC register under KAIFIN, KAIFIN LLC and KAIFINTRADE, and all three return no results, so the firm was never registered with the CFTC. But we also read the broker's own homepage as archived in March 2023, December 2023, November 2024 and April 2026, plus its About, Terms, FAQ and Contact pages, and none of them mention the NFA or claim regulation by anyone. We could not substantiate that the broker ever made that claim, so we have not scored it against them.
- Nobody reported losing money. No complaint we found, on any platform, describes a refused withdrawal, a frozen balance, or a demand for an extra payment to release funds.
The score of 54 percent reflects a real, honestly-disclosed but completely unsupervised operation that has now vanished. It is not a finding of misconduct.
Evidence ledger
Every finding, with its source and how strongly it points.
E1On 3 September 2026 the broker's own address serves no website. Both kaifintrade.com and www.kaifintrade.com return a placeholder reading that the domain is not connected to a site.
E2Domain kaifintrade.com was registered on 27 September 2022 through GoDaddy, is paid up to 27 September 2027, was last changed on 12 July 2026 and uses Cloudflare nameservers. The registration is still actively held despite the site being down.
ModerateVerisign registration recordE3The Saint Vincent and the Grenadines Financial Services Authority register lists KAIFIN LLC, registration number 2654, as a Limited Liability Company with status Active, incorporated on 24 October 2022, registered agent Euro-Caribbean Trustees Ltd. The number matches the one printed on the broker's own website.
StrongSVG FSA entity registerE4NFA's BASIC register returns no results for KAIFIN, for KAIFIN LLC and for KAIFINTRADE, confirming the firm was never registered with the CFTC in the United States.
ModerateNFA BASIC registerE5The last working capture of the homepage, from 20 April 2026, shows the business operating normally with no closure or withdrawal notice. Its footer names Kaifin LLC, business number 2654 LLC 2022, at Richmond Hill Road, Kingstown, and states that the registration does not mean a licence was obtained and that the Saint Vincent authority does not regulate or supervise CFDs.
E6The homepage as archived on 3 December 2023 carries the same disclosure that no licence was obtained, and contains no mention of the NFA and no claim of regulation by any authority.
E7The About page as archived on 6 February 2025 repeats the same unlicensed disclosure and names no regulator, no licence number and no executives.
ModerateArchived KAIFIN About pageE8The Trustpilot page for this exact domain holds a single review in total, rated four stars and posted in November 2023, describing good spreads and slow live chat. There are no reviews in the last twelve months and no complaint about withdrawals.
ModerateTrustpilot, kaifintrade.comE9Certificate records show the first certificate issued on 29 September 2022, two days after the domain was registered, and a real brokerage stack including MT5 live and demo servers, a client portal, KYC, CRM, an introducing-broker portal and mail hosting. Certificates through 2026 are automated wildcard renewals only.
ModerateCertificate transparency recordsE10The brand's Facebook page has two followers and its last visible post dates from May 2023, an extremely small public presence for a business describing itself as a global broker.
E11The KaifinCopyTrade app is published by Connext LLC, with copyright to Pelican. Its description credits Pelican, a trading name of London and Eastern LLP, as the FCA-regulated partner. That regulation belongs to the technology vendor and not to KAIFIN LLC.
ModerateApple App Store listingE12A separate website using the Kaifin CopyTrade name is still live and names no KAIFIN entity, address or registration number. Its only external link is an affiliate referral to an unrelated broker, showing the brand name is now being used by a third party to route traffic elsewhere.
E13An independent review from March 2023 records that Saint Vincent and the Grenadines does not regulate brokers and that the local authority states it does not license or supervise such activity, consistent with the broker's own disclosure.
The other side
The strongest case in this broker’s favour.
The case in KAIFIN's favour is stronger than the headline suggests, and it deserves stating.
- It told the truth about its own status. Most bad offshore brokers dress up a company registration as regulation. KAIFIN's footer did the opposite. It said in plain words that the registration did not mean it had obtained a licence, and that the Saint Vincent authority does not regulate or supervise CFDs at all. That is more honest than a large part of this industry.
- Its published identity checks out exactly. The registration number printed on its website, 2654, matches the Saint Vincent register precisely, as does the entity name and the Kingstown address. The register still shows the company as Active. Nothing here is borrowed from another firm.
- Its age claims were accurate. The domain was registered on 27 September 2022 and the company incorporated on 24 October 2022. The site claimed 2022 and nothing earlier. There is no invented history, which is one of the most common lies in this sector.
- It excluded the jurisdictions it was not allowed to serve. The terms ruled out US, Hong Kong and Singapore residents along with FATF high-risk countries, rather than chasing clients everywhere.
- The infrastructure was real. Certificate records show a genuine brokerage stack behind the brand, including MT5 live and demo servers, a client portal, a KYC system, a CRM and an introducing-broker portal. This was an operating business, not an empty template.
- The few clients who spoke were not unhappy about money. One reviewer described fast execution and responsive support over a period of use. The gripes we found are about slow live chat and thin documentation, which are service problems, not signs of theft.
A fair reading is that this was a small, genuinely unlicensed offshore broker that disclosed its status, ran for about four years, and then shut down. The danger is structural rather than proven: without a regulator, a client with a problem today has no route to recover anything.
What would change this
What we would need to see to revise the verdict.
Specific things that would move this rating in either direction.
- Towards a scam verdict: credible reports from clients that deposits were not returned when the site went offline, especially if several described the same failure with amounts and dates.
- Towards a scam verdict: any demand for an extra payment, described as a tax, fee or verification, before a balance is released. That single pattern would change our view immediately.
- Towards a scam verdict: an entry on any regulator warning or alert list naming KAIFIN LLC or kaifintrade.com.
- Towards a scam verdict: evidence that the same people relaunched under a new brand while leaving client balances behind.
- Towards a lower risk rating: evidence that clients were paid out in full before the site closed, for example a documented wind-down notice or client confirmations of final withdrawals.
- Towards a lower risk rating: the company obtaining and publishing a genuine licence from a recognised regulator, verifiable on that regulator's own register, if the brand returns.
- On the open question: proof that the broker did or did not ever advertise NFA registration. We could not find any such claim on its own pages, and confirmation either way would settle a point currently left open.
Check it yourself
Official registers and warning lists. Verify every claim first-hand.
Saint Vincent and the Grenadines FSA, entity register
Search KAIFIN to see the company record, number 2654, and its current status.
NFA BASIC, US registration check
Searching KAIFIN here returns no results, confirming it was never registered in the US.
KAIFIN website
The broker's own address, which no longer serves a website.
Trustpilot reviews for kaifintrade.com
The public review page for this exact domain, with a single review since 2023.
Frequently asked questions
Quick answers about this broker’s safety.
Is KAIFIN a scam?
We did not find proof that it is. No regulator has named it, and we found no client reporting that money was withheld. But it operated for almost four years with no financial licence and its website went offline in mid 2026 without notice, so we rate it high risk at 54 percent.
Is KAIFIN a fraud?
No regulator or court has made any finding of fraud against KAIFIN LLC, and we found no fraud-related enforcement action or court record naming the company or kaifintrade.com. We also found no client reports of deposits being taken and not returned. Our concern is the absence of any supervision, not a proven offence.
Is KAIFIN regulated?
No. It holds no licence from any financial regulator. Its only official record is a company registration in Saint Vincent and the Grenadines, number 2654, which is a corporate filing rather than permission to hold client money. The broker's own website said the same thing.
Is my money safe with KAIFIN?
There is no protection of the kind a licensed broker provides. No regulator required KAIFIN to segregate client funds or hold capital, and there is no compensation scheme or ombudsman. With the website now offline, there is also no visible way to contact the company.
Can I still withdraw from KAIFIN?
There is no working website or client portal, so there is no normal withdrawal route. If you hold a balance, collect your statements and payment records and speak to your bank or card issuer about a chargeback or fraud claim.
What happened to the KAIFIN website?
It stopped serving a site sometime between 20 April 2026, when it was last captured working normally, and September 2026. The address now shows a disconnected-domain placeholder. The domain registration itself is still paid up until September 2027.
Who owns KAIFIN?
This is not disclosed. KAIFIN LLC is registered in Saint Vincent and the Grenadines through the registered agent Euro-Caribbean Trustees Ltd. That jurisdiction does not publish the members or managers of a limited liability company, and the website named no executives.
How old is KAIFIN?
About four years. The domain kaifintrade.com was registered on 27 September 2022 and the company was incorporated on 24 October 2022. The site claimed 2022 and no earlier history, which matches the records.
Was KAIFIN regulated by the NFA in the United States?
No. We searched NFA's BASIC register under KAIFIN, KAIFIN LLC and KAIFINTRADE, and all three returned no results, so it was never registered with the CFTC. Some users said the broker advertised an NFA licence, but we read its archived homepage and legal pages from 2023 through 2026 and found no such claim.
Is a Saint Vincent registration the same as a licence?
No, and this is the single most misunderstood point about offshore brokers. Registering a company there is a routine corporate filing. The Saint Vincent Financial Services Authority does not license or supervise forex and CFD brokers, which KAIFIN's own website stated openly.
Is KAIFIN a clone of another broker?
No. We found no sign of impersonation. Its entity name, registration number, address and domain are consistent with each other and with the official register, and it did not display any other company's licence number.
What is the Kaifin CopyTrade app, and is it FCA regulated?
It is a copy-trading app published by Connext LLC, built on technology from Pelican, a trading name of London and Eastern LLP. Pelican's FCA regulation covers that technology provider, not KAIFIN LLC, and it gives no protection to money you deposited with KAIFIN.
There is a Kaifin CopyTrade website still online. Is that the broker?
No. That site is not operated by KAIFIN LLC. It uses the Kaifin name to attract search traffic and its only outbound link sends visitors to an unrelated broker through an affiliate referral.
What should I do if I lost money with KAIFIN?
Collect your account statements, deposit receipts and any messages with dates and amounts. Contact your bank or card issuer about a chargeback or fraud claim, and report the firm to your national financial regulator. Avoid any service that asks for an upfront fee to recover funds.
What should I check before depositing with any offshore broker?
Find the licence number on the regulator's own register, not on the broker's website, and confirm the licence is held by the exact legal entity that will receive your money. If the only paperwork is a company registration, your deposit has no regulatory protection.
What we recommend
The practical takeaway from everything above.
Practical guidance for anyone dealing with this broker.
- Do not send money. There is no working website and no supervised entity to receive or return a deposit. Any page or person currently inviting you to fund a KAIFIN account should be treated as unsafe.
- If you hold a balance, act now and document everything. Gather your account statements, deposit receipts, transaction references and any correspondence, and record the dates. Written evidence is what any later claim will depend on.
- Go through your payment provider. If you funded by card, ask your bank about a chargeback. If you paid by bank transfer, raise a fraud report with your bank. These are the realistic recovery routes when no regulator is involved.
- Report it to your own national regulator, even though the company is offshore. Reports are what put firms on warning lists and help the next person.
- Be careful what you click now. A separate website using the Kaifin CopyTrade name is still live and routes visitors to an unrelated broker through an affiliate link. It is not run by KAIFIN LLC.
- Ignore anyone offering to recover your funds for a fee. Advance-fee recovery services target people in exactly this position and take a second payment.
- Check any replacement broker on the regulator's own register before depositing, and confirm the licence is held by the same entity that will take your money.
This is an independent assessment of risk, not a legal ruling. Scores and verdicts follow the Wikilix broker-safety methodology and can change as new evidence appears. Review scores are treated with caution when a broker’s reviews look manipulated. Last reviewed September 3, 2026. If any detail here is out of date or incorrect, or you represent this broker, please contact us.