Wikilix
KLASFX logo

KLASFX

No Regulation
Vanuatu
,
Since 2006
Last Updated:

Trading Conditions

Min Deposit:
N/A
Max Leverage:
500
Account Types
StandardVIPElite

User Reviews

—
Total Reviews
—
This Month
—
Avg Rating

Funding Methods

8 methods

Visa and MasterCard

credit card
4 days
Fee:
5.0%
Fee:
Free

Bank Transfer

bank transfer
4 days
Fee:
Free
Fee:
Free

Skrill

e wallet
24 hours
Fee:
2.9%
Fee:
2.9%

Neteller

e wallet
24 hours
Fee:
2.9%
Fee:
2.9%

Cryptocurrency

crypto
Instant
Fee:
Free
Fee:
Free

Debit Card

debit card
4 days
Fee:
5.0%
Fee:
Free

Wire Transfer

wire transfer
4 days
Fee:
Free
Fee:
Free

Other Payment Methods

other
hours
Fee:
Free
Fee:
Free

Performance Metrics

Excellent Performance
Performance chart: 1: Regulation 0%, 2: License 0%, 3: Software 50%, 4: Spread 0%, 5: Account Type 24%, 6: Symbol 0%
Regulation
0%Poor
License
0%Poor
Software
50%Fair
Spread
0%Poor
Account Type
24%Poor
Symbol
0%Poor
No regulation
Your deposit is not protected by any financial authority.
What this means

Company Information

Full Name:KLASFX
Founded:2006
Headquarters:Vanuatu
Enterprise Offices:N/A

Customer Support

Phone:
+90 850 886 09 93
Live Chat:
business_hours
Response Time:
—
Languages:
English
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Is KLASFX a scam?

Wikilix independent safety report

Read the full report
0%Scam risk
Confirmed scamConfidence: HIGH
1.5/5Safety rating 1.5 out of 5

Yes. We assess KlasFX (Klas Trading Ltd) as a scam: an unlicensed offshore operation that Turkey's Capital Markets Board has ordered blocked, that falsely presents itself as licensed, and whose clien…

Risk scorecard · each area scored 0 (clean) to 10 (worst)

Regulation10/10 · CriticalIdentity & transparency8/10 · CriticalWithdrawals & conduct9/10 · CriticalReputation9/10 · CriticalWebsite claims9/10 · CriticalOperational history6/10 · High
Editorial review
Updated

Broker Summary

What Wikilix has recorded about KLASFX: its history, the licences it holds, its trading conditions and its fees.

Introduction to KLASFX

As a broker, KLASFX has been established to support traders, as well as to provide services for traders. The financial industry is also rapidly changing and evolving, and a broker such as KLASFX is focused on creating tools and services that will allow traders to trade more effectively.

In this article I will provide an overview of the history of KLASFX, the major offerings of KLASFX, the types of licenses that KLASFX holds, and the overall experience that users can expect from using KLASFX's services.

History of KLASFX

Trading and investing in stocks has been a part of KLASFX since their inception. KLASFX's customers have access to over 100,000 different types of investments including stocks and mutual funds on world trading exchanges such as Apple, Intel, Facebook, Amazon, Coca-Cola, Google, etc. However, as KLASFX operates as an unregulated broker, KLASFX is subject to risk as such.

Offers and Features of KLASFX

In addition to a wide variety of trading services available, the vast majority of brokers in the KLASFX sector typically offer Forex, commodities, indices, and possibly cryptocurrencies as part of their offerings. They also generally provide various account types and a number of different platforms to support the various different ways traders seek to trade.

Furthermore, brokers, such as KLASFX, generally offer user friendly, easy to navigate trading platforms, educational resources for traders toKLASFX may offer additional features that could enhance their ability to effectively compete in the financial services industry. A few examples of these features include: a wide variety of offerings (including forex, precious metals, and commodities), several trading platforms (including web and mobile), competitive margins and spreads, flexible margin and account sizes, and access to trading signals and automated trading. As such, it is a good idea for potential clients of KLASFX to conduct further investigation into their product offerings prior to selecting a broker.

The second topic to consider in evaluating potential KLASFX clients is understanding the broker's regulatory compliance and licensing status. All brokers are subject to regulatory oversight and therefore it is important to know what the broker's regulatory status is; however, to date, I was unable to locate any information regarding KLASFX's regulatory licensing. Thus, it is necessary for potential clients of KLASFX to have complete understanding of the broker's regulatory compliance and licensing status in order to ensure they are making an informed decision when selecting a broker to utilize.

To summarise, KLASFX does not currently provide any indication of their regulatory licensing status on their website; thus, it is imperative that potential clients of KLASFX perform their own independent research into KLASFX's regulatory compliance and licensing status and make sure to look under "Contact Us" for additional information. There will be a table below showing what I have found regarding KLASFX's licensing status.

Regulatory Body: Limited information available.

License Number: Not known.

Next, we will move onto the third area to evaluate for KLASFX, in terms of trading conditions and technology used by KLASFX. For all traders, the trading conditions and technologies will be one of the major components when evaluating a broker's offering.

KLASFX has limited trading conditions as they do not disclose their specific spread, leverage, minimum deposit, or the trading technology that they are utilizing. In order to summarize some of the more common types of trading conditions and technologies associated with brokers in the financial services sector, I have created the following table. Again, since KLASFX has not provided any detailed information on their trading conditions or trading technology, this table can be utilized as a reference point for KLASFX's trading conditions and technologies.

Common Trading Conditions Offered by Brokers in the Financial Services Sector

• Spreads – KLASFX does not disclose this information

• Leverage – KLASFX does not disclose this information

• Minimum Deposit – KLASFX does not disclose this information

• Trading Technology – KLASFX does not disclose this information

Typically, brokers provided in this sector provide clients the ability to trade through well-established and dependable trading platforms such as MetaTrader 4, or MetaTrader 5, however, at this point it has not been determined whether KLASFX utilizes any of these platforms.

Lastly, for the purpose of assessing the fourth and final category, I have created the following fee structure...

For KLASFX's Fees

• Deposit Fees — KLASFX does not disclose this information

• Withdrawal Fees — KLASFX does not disclose this information

• Commission — KLASFX does not disclose this information

• Spread — KLASFX does not disclose this information

A major indicator of the broker's professionalism, trustworthiness, and level of client service is how well the broker responds to questions and provides the necessary support. Due to the limited reviews available about KLASFX and how satisfied clients of KLASFX are, it is difficult for me to make a comprehensive claim about how satisfied clients of KLASFX are. I would recommend that any potential clients of KLASFX seek out third-party reviews and client feedback, along with testing the broker's services with demo accounts or small initial deposits to minimize any potential financial loss due to the lack of public research regarding KLASFX.

Regulation check

Regulatory Licenses

We have not confirmed any regulation for KLASFX. Money deposited with an unregulated broker is protected only by the company itself.

No regulation

Trading with an unregulated broker puts your deposit at risk.

No regulation

We have not confirmed any regulation for KLASFX. 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

  • No compensation scheme covers your funds.
  • No regulator to escalate a complaint to.
  • No audit of how client money is held.
View other brokers
Trading accounts
Updated

Account Types

3 account types on record. Leverage up to 1:500.

3 account types
AccountMin DepositLeverageCommission
StandardNot recorded1:500Not specified
VIPNot recorded1:500Not specified
EliteVIPNot recorded1:500No commission on all products
Account names and conditions as published by KLASFX, recorded by Wikilix.
Deposits & withdrawals

Funding Methods

8 ways to fund an account. 3 with no deposit fee. One credits instantly. The costliest way in is Visa and MasterCard at 5%.

8 methods
MethodDeposit feeWithdrawal feeMin depositWithdrawal min / maxProcessing
Visa and MasterCardCredit Card
Some card issuers may charge additional fees; clients should verify with their card issuer. Available globally, subject to card issuer approval.
5%FreeUSD 10USD 10USD 50,0004 days
Bank TransferBank Transfer
International transfers may incur additional fees; clients should consult their bank for details. Available internationally, subject to bank processing times.
FreeFreeUSD 100USD 100USD 50,0004 days
SkrillE-Wallet
Clients should verify if additional fees apply when withdrawing from Skrill to their bank account. Available in multiple countries; check Skrill's website for specific country support.
2.9%2.9%USD 10USD 10USD 50,00024 hours
NetellerE-Wallet
Clients should verify if additional fees apply when withdrawing from Neteller to their bank account. Available in multiple countries; check Neteller's website for specific country support.
2.9%2.9%USD 10USD 10USD 50,00024 hours
CryptocurrencyCryptocurrency
Clients should verify if additional fees apply when withdrawing from cryptocurrency wallets to their bank account. Available in multiple countries; check KLASFX's website for specific country support.
FreeFreeUSD 10USD 10USD 50,000Instant
Debit CardDebit Card
Some debit card issuers may charge additional fees; clients should verify with their card issuer. Available globally, subject to card issuer approval.
5%FreeUSD 10USD 10USD 50,0004 days
Wire TransferWire Transfer
International wire transfers may incur additional fees; clients should consult their bank for details. Available internationally, subject to bank processing times.
FreeFreeUSD 100USD 100USD 50,0004 days
Other Payment MethodsOther
Clients should verify specific details with the broker. Subject to availability in the client's region.
Not recordedNot recordedNot recordedNot recordedNot recordedhour
Fees, limits and processing times as published by KLASFX, recorded by Wikilix.
Trading software

Trading Platforms

One trading platform on record: MetaTrader 4.

1 platform
  • MetaTrader 4 logo

    MetaTrader 4

    by MetaQuotes Software Corp.since 2005Developer site

    MetaTrader 4 (MT4) is a popular trading platform for Forex and CFDs, offering advanced charting, automated trading via Expert Advisors, and fast, reliable execution.

    Runs on

    • Windows
    • Mac
    • Web
    • Android
    • iOS
    Details
Platforms and download links as published by the broker, recorded by Wikilix.
Websites

Global Domains

4 domains on record. All active and served over HTTPS.

4 domains
  • klasinvesting.coListed domainActiveHTTPS
  • klasfx22.comListed domainActiveHTTPS
  • klasfx271.comRegionalActiveHTTPS
  • klasfx24.comBackupActiveHTTPS
Domains recorded by Wikilix. Only a domain listed here is known to belong to this broker.
Social channels

Social Presence

3 official channels on record.

3 channels
Channels as published by the broker, recorded by Wikilix.
Company registry check
Checked

Company Registration

KLASFX names Klas Trading Ltd. as the operating company. We could not confirm that registration on the registry.

Not confirmed on registry
Legal entity
Klas Trading Ltd.
Jurisdiction
British Virgin Islands
Registry
BVI Registry of Corporate Affairs
Registered address
Intershore Chambers, Road Town, Tortola, British Virgin Islands
From our latest investigation
Frequently Asked Questions

Frequently Asked Questions

Common questions about KLASFX

Most Popular Questions
KLASFX provides customer support in English, including live chat available during business hours and phone support. They can also be contacted via email and social media channels such as Facebook, Instagram, and YouTube.
KLASFX offers a maximum leverage of 500. This allows traders to control larger positions relative to their account balance, but leverage also increases risk.
KLASFX supports multiple funding methods including Visa and MasterCard, bank transfer, Skrill, Neteller, cryptocurrency, debit card, and wire transfer. Processing times vary from instant for cryptocurrency to up to 4 days for card and bank transfers, with some deposit fees applicable depending on the method.
KLASFX offers the MetaTrader 4 platform, available as desktop and web trader versions. MetaTrader 4 is widely used for Forex and CFDs trading, featuring advanced charting and automated trading capabilities.
KLASFX does not hold any regulatory licenses. This means it operates without formal regulation, which may affect the level of investor protection.
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