
MetaTrader 5
MetaTrader 5 (MT5) is a next-generation multi-asset platform for trading Forex, stocks, and futures, with advanced analytics, faster execution, and powerful algorithmic trading tools.

Do not trust
35 out of 100 · 81% checked
Our investigation found it is likely a scam, and its client terms carry high risk, with 7 critical clauses.
Capped at 35 · Likely scam
We checked Kanak Capital Markets on 2026-10-30 across its company record, client terms, trading offer and service, and could verify 81% of its record. The score was held at 35 because our investigation found it is likely a scam. What would move the score: withdrawal rails, pricing disclosed per account type, all-in eurusd cost. Our published investigation found it is likely a scam, with 4.7 years of track record. Its client terms carry high risk, with 7 critical clauses.
Score last calculated 2026/10/30
Wikilix independent safety report
Kanak Capital Markets shows the hallmarks of a withdrawal trap, and we assess the risk of fraud as high. Clients repeatedly report that deposits were taken and withdrawals then blocked or frozen, the…
Risk scorecard · each area scored 0 (clean) to 10 (worst)
What Wikilix has recorded about Kanak Capital Markets: its history, the licences it holds, its trading conditions and its fees.
Introduction
Over the years since its founding in 2020, Kanak Capital Markets has grown steadily to establish itself as a multi-asset trading platform. The broker, with its global footprint and focus on offering diverse trading instruments, appeals to a broad category of international clients, particularly beyond the United States.
Offering exclusive trading technology, competitive leverage, and a diverse array of account types, Kanak Capital Markets exists to balance innovation with customer-centric services.
Background and History
The company called Kanak Capital Markets was founded in 2020. It is run by two primary entities: the Mauritian-based Kanak Capital Markets Global Ltd and the Comoros Union-registered Kanak Capital Markets LLC. This two-part setup offers the broker an opportunity to serve a wide, internationally diverse range of clients while following different regulatory standards that apply in each location.
Over the years, Kanak Capital Markets expanded its product base from just forex to include indices, stocks, and commodities. The company positions itself as a global provider of online trading services with a significant value proposition in risk management and client servicing. The growth strategy retains a sharp focus on emerging markets, especially in Asia and Africa, which have increasingly seen demand for accessible platforms rise.
Key Features and Offerings
Trading Platforms
Kanak Capital Markets has an in-house-built trading platform that is both a web-based terminal and a mobile app, supporting iOS and Android devices. The trading platform is user-friendly, with real-time quotes, advanced charting, and a host of technical analysis studies to satisfy the needs of traders who want simplicity and depth in their trading experience.
Account Types and Instruments
The broker has a number of account types, including Standard and Islamic (Swap-Free) accounts, with mentions of VIP accounts, though details of the latter are scant. This flexibility allows traders to choose accounts that fit their trading style and religious considerations.
Kanak Capital Markets supports a wide range of instruments:
Forex: Major, minor, and exotic currency pairs
Indices: Global indices such as S&P 500, NASDAQ, DAX, and FTSE.
Stocks: Overseas equities
Commodities include: Precious metals such as gold and silver, oil
Moreover, the broker provides educational resources through webinars, seminars, and multilingual brochures to help traders improve their knowledge of the markets.
Licensing and Regulatory Compliance
Regulatory oversight is one of the most important factors to consider while selecting a forex broker. Kanak Capital Markets operates under licenses from regulators in Mauritius and Comoros, though it lacks Tier-1 regulatory approvals from authorities such as the FCA or ASIC.
Entity
Regulator
License Number
Status
Scope
Kanak Capital Markets Global Ltd
Financial Services Commission (FSC), Mauritius
GB22202481
Active
Investment Dealer (Class I) - Forex, CFDs, other instruments
Kanak Capital Markets LLC
Financial Services Authority (FSA), Comoros
Not publicly disclosed
Active
Forex and CFD trading
Although the broker claims to segregate client funds, independent verification is limited. Furthermore, Kanak Capital Markets does not contribute to major deposit compensation schemes, which is a major indicator for risk-sensitive traders.
Trading Conditions and Platform Technology
Trading Terms
Kanak Capital Markets offers competitive trading conditions that would likely appeal to a wide variety of traders. Variable spreads start as low as 0.0 pips on major forex pairs; the typical EUR/USD spread is from 0.1 to 1.5 pips. Leverage provided by the broker reaches exceptionally high values, up to 1:3000, though this may vary depending on the jurisdiction and account type.
The minimum deposit requirement is $100; thus, the platform is available for traders of different capital levels. Generally speaking, there are no commissions on standard accounts, though one should expect some charges for the VIP or ECN account type. This information is not very transparent.
Platform Technology
The company operates a proprietary trading platform, built with ease of use and security in mind. It features real-time market data, professional charting capabilities, and technical indicators to support informed trading decisions. Integrated risk management facilities help traders control their exposure effectively. Recent improvements have been made to the mobile app, enhancing the functionality and user experience on-the-go.
Feature
Details
Spreads
Variable, from 0.0 pips (EUR/USD typical 0.1–1.5 pips)
Leverage
Up to 1:3000 depends on jurisdiction/account
Minimum Deposit
$100
Platforms
Proprietary web-based and mobile app (iOS & Android)
Account Types
Standard, Islamic (Swap-Free), VIP (Information Scarce)
Fee Structure
For traders, transparency around fees is the most important issue. According to Kanak Capital Markets, it proudly declares a flat price without deposit or withdrawal commissions, which may be appealing for the cost-sensitive customer. Details about inactivity fees are not well documented, so there is some ambiguity on this matter.
Standard accounts do not have commissions, but some fees may be involved with the VIP or ECN accounts, which are not clearly outlined even on the broker's official sites. For standard accounts, overnight financing or swap fees apply. However, Islamic accounts are swap-free.
Fee Type
Details
Deposit Fees
None (claimed)
Withdrawal Fees
None (claimed)
Commission
No commission on standard accounts; possible on VIP/ECN
Inactivity Fees
Not disclosed (assumed none)
Account Closure Fees
None (claimed)
Overnight Financing (Swap)
Applies to standard accounts only; Islamic accounts are exempt.
User Experience and Market Reputation
Users have left mixed reviews for Kanak Capital Markets on independent platforms like FxVerify and Forex Wikibit, where ratings are in the middle range, around 3.2 to 3.5 out of 5. Most of the positive feedback concerns good customer service and ease of trading with their proprietary platform.
On the other hand, some traders have expressed concerns regarding withdrawal processing times and the overall transparency of fee disclosures. The absence of Tier-1 regulatory oversight also contributes to cautious sentiment among certain segments of the trading community.
Regardless of all those challenges, Kanak Capital Markets stays competitive because it offers a wide range of trading instruments, high leverage, and educational resources, which attract traders who look for a full-fledged trading environment.
Recent Developments
In the last couple of years, Kanak Capital Markets has focused on improving its platform and expanding its learning resources. The most recent highlight, however, is that the broker received an award for “Best Online Trading Platform for Multi-Asset Brokerage” at the Forex Traders Summit 2025, showing commitment to innovation and client service.
The 2024 platform updates improved functionality in mobile applications, and 2025 saw the expansion of educational programs aimed at empowering traders with market knowledge. The company is also scaling up its operations in emerging markets across Asia and Africa to facilitate trends occurring on a global scale in the growth of retail trading. Conclusion
Kanak Capital Markets is a versatile, internationally-oriented Forex broker based on a strong foundation in both Mauritius and Comoros. With its proprietary trading platform, wide range of instruments, and high leverage options, it offers the flexibility and variety that many traders are looking for. Still, prospective customers should consider the benefits in light of the broker regulatory status and mixed customer reviews, especially about transparency and withdrawal processes. Overall, Kanak Capital Markets has a competitive package for traders willing to navigate its unique regulatory landscape and leverage its educational resources.
One full-page capture of Kanak Capital Markets's own site, archived so what it said can still be read after the page changes.
We have not confirmed any regulation for Kanak Capital Markets. Money deposited with an unregulated broker is protected only by the company itself.
Trading with an unregulated broker puts your deposit at risk.
We have not confirmed any regulation for Kanak Capital Markets. An unregulated broker is not supervised by a financial authority, and money you deposit is protected only by the company itself.
What this means for you
4 ways to fund an account. 2 credit instantly.
| Method | Deposit fee | Withdrawal fee | Min deposit | Withdrawal min / max | Processing |
|---|---|---|---|---|---|
Bank Transfer (Wire Transfer)Bank TransferLarge deposits or withdrawals may require additional verification. Processing time typically 1–5 business days for deposits and 3–7 business days for withdrawals. Supported currencies include USD, EUR, GBP, AED, and other major currencies subject to bank support. | Not recorded | Not recorded | USD 250 | USD 250Not recorded | Up to 1 day |
Credit/Debit CardsCredit CardWithdrawals must be made to the same card used for deposit. Some regions may have restrictions. Processing time is instant for deposits and 1–5 business days for withdrawals. Supported currencies: USD, EUR, GBP, AED. | Not recorded | Not recorded | USD 250 | USD 250USD 10,000 | Instant |
E-Wallets (e.g., Skrill, Neteller, PayPal)E-WalletWithdrawals must be made to the same e-wallet used for deposit. Some regions may have restrictions. Processing time is instant for deposits and 1–3 business days for withdrawals. Supported currencies: USD, EUR, GBP, AED. | Not recorded | Not recorded | USD 250 | USD 250USD 10,000 | Instant |
Cryptocurrency (e.g., Bitcoin, Ethereum)CryptocurrencyWithdrawals must be made to the same cryptocurrency wallet used for deposit. Processing time typically 1–2 hours depending on network congestion. Some regions may have restrictions. | Not recorded | Not recorded | USD 250 | USD 250Not recorded | Up to 1 hour |
One trading platform on record: MetaTrader 5.

MetaTrader 5 (MT5) is a next-generation multi-asset platform for trading Forex, stocks, and futures, with advanced analytics, faster execution, and powerful algorithmic trading tools.
3 domains on record. All active and served over HTTPS.
Kanak Capital Markets names Kanak Capital Markets LLC as the operating company. We could not confirm that registration on the registry.
2 other brokers on the record share what Kanak Capital Markets offers — its country, regulator, account types or platforms — set beside it on the same measures.
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