In this section we will analyze the broker KRONOSINVEST, is a Forex, Cryptocurrency and CFD broker. Is KRONOSINVEST really recommended to make an investment? Or is it better not to invest with this company? Is it a safe broker? Is a gotcha? We will help you determine it.
You may wonder why we made a review on KRONOSINVEST… It is because we have received some messages from clients asking about the company, and we like to think that our reviews page helps investors, providing key information about the company, we disclose information that every investor should know before deciding or not, to invest with an investment company. It should be noted that the KRONOSINVEST website is in English and does not have a Spanish version, but due to messages from Spanish-speaking people, we will also carry out a review of the company.
We carry out this review and assessment, due to the fact that we receive different messages and comments asking about the reliability of the company in question.Are you a representative of this company? Leave a comment responding to customer concerns.
Essential information: Who does it belong to? Where is located? Is it a regulated broker?
The broker mentions being part of: does not mention it.
As to its location, the broker mentions being based in: they mention following Estonian laws, we believe it can be found in Estonia, although they never expressly mention having offices or location in Estonia. It is not really clear where it is based.
If we analyze the regulation of the broker: since KRONOSINVEST does not mention absolutely anything about being a regulated broker, everything indicates that it is an unregulated broker.
If now we go on to analyze account types offered by KRONOSINVEST, we note that they offer 4 (we will not take into account the Islamic Account) different types of account: the Standart Account, the Premium Account, the VIP Account and the Super VIP Account. We leave an image with a little information about each type of account.
Standart Account- $ 250 minimum initial deposit, reward points, 50 different instruments to trade, no account fees, no withdrawal fees, investment strategies, and more.
Premium account- $ 5.000 minimum initial deposit, reward points, 70 different instruments to trade, no account fees, no withdrawal fees, investment strategies and more, customer support 5 days a week 24 hours, phone support.
VIP account- $ 20.000 minimum initial deposit, reward points, 100 different instruments to trade, no account fees, no withdrawal fees, investment strategies and more, customer support 5 days a week 24 hours, phone support.
Super VIP account- $ 50.000 minimum initial deposit, reward points, 100 different instruments to trade, no account fees, no withdrawal fees, investment strategies and more, customer support 5 days a week 24 hours, phone support.
In the following image you can have more information about the types of account. Click here to see the image in full size.
Las platforms to operate that KRONOSINVEST offers are: MT4.
We will now analyze the different resources and aids for traders that KRONOSINVEST provides on its website. We believe that the resources and help provided on the website can be a point in favor of the broker.
KRONOSINVEST provides the following help or resources to traders or interested parties (we remind you again that the website does not have a Spanish version): explanation about the products that KRONOSINVEST offers, explanation of basic concepts of the investment world, some live graphics, market opening and closing times, some investment strategies, really not much more ...
ogilart.com (supposedly Spanish underground bank)
According to messages from KRONOSINVEST clients, the broker uses false advertising, in this case from a web page https://ogilart.com/la-tesoreria-espanola-tiembla?gclid=CjwKCAjwzdLrBRBiEiwAEHrAYv4O1_PzVE-r1_6trPWnfeypppLOBanwDvDestIcBanDvPwDcBwDvPWnfeypppNwDwDvPWnfeyCPtPNwDwDvPDestBoxDcBwDvPWnfeyCPtNwDwDvDestBanwPvPwDcBanDestBanwpNwpDVeBuPKDestBanwPvPwDtv7O8_PzVE-rXNUMX_XNUMXtrPWnfeyCPtinaBWDVDestIcBuDpLeBuNwpNwDcPPeNwPdCpWpNwpwdCpPzVESt how you can earn money, but the news is false.
The Country - Risto Mejide - KRONOSINVEST
According to messages from KRONOSINVEST clients, the broker uses false advertising, in this case from a website elpais.money/economia/la-ultima-inversion-de-risoto-mejide/ where it is mentioned that a public figure from Spain (Risto Mejide ) has allegedly invested in Bitcoins.
Bitcoin Profit - KRONOSINVEST
According to messages from KRONOSINVEST clients, the broker uses false advertising, in this case from a web page es.btcprofitnow.website where it is mentioned that you can earn a large amount of money with Bitcoins.
Other information about KRONOSINVEST
Some more information in case you want to contact the company, or see its website for yourself.
Website: kronosinvest.co, kronos-invest.cc and kronosinvestit.co
Phone number: not found
Email: [email protected]
>>> Feedback on KRONOSINVEST <<
Ending with this section, in our opinion Do we believe that the KRONOSINVEST company is reliable? Should you invest your money with the company?
The truth is that, we believe that it is better to be careful because: it is not clear where it is based, it is an unregulated broker, when looking for other evaluations about this company we could not find any, which makes us think that it is a company "new". They also mention having a very good score on TrustPilot (website where users rate companies) but when looking for KRONOSINVEST on TrustPilot, we noticed that the image is fake, there are no scores on KRONOSINVEST on Trustpilot.
For these reasons, we believe that KRONOSINVEST is not a recommended broker. In other words, we always recommend working only with duly regulated companies, isn't it better to have the protection of a good regulator? Is it worth the risk if there are much safer options to invest?
Update September 2019: CONSOB (Italian financial regulator) has warned about Kronosinvest
Update November 2019: CNMV (Spanish financial regulator) has warned about KRONOSINVEST
Update February 2020: CONSOB (Italian financial regulator) has warned about KRONOSINVEST (again)
You have to understand that one of the few measures that really ensure the clients' money is the regulation of the broker, that is, it is probably the most important thing in any broker; THAT IT HAS A GOOD REGULATION, DO NOT BE FOOLED. Good regulation means that there is an authority to which, in case of misunderstandings or problems, customers can complain.
What is your opinion? Have you traded with this broker? Are you a customer? Do you think our opinion is not correct? We invite you to collaborate with us and vote, you can also leave a comment on our website with your experience if you are a client of the broker.
We leave a vote open so that traders, clients and users of the broker can vote.