Someone who does not make mistakes does not act. Only moving forward, making mistakes and taking risks can give you results and lead to victory

Scam detection with Keller Finance

Keller Finance: scams and their detection in Forex Julius Conley ★★★★★

Fraud exists as long as markets do, and Forex market has never been an exclusion from this rule. The good news is that scammers usually don’t invent something extraordinary. Most of the Forex frauds based on simple things thus they can be detected. We’ve joined forces with Keller Finance to create some sort of checklist to detect a possible fraudster which is only pretending to be a reliable broker.

Some people tend to think that one of the distinguishing features of a scammer is loud and tasteless promo campaign, but that is not necessarily so. “I wish it was so simple. May be their marketing department does something wrong, or the campaign in badly targeted. Not every brokerage which is being aggressively promoted, is a scammer”, Jonathan Singh, Keller Finance development director, explains. There are several other tools to detect possible scam, which are simple but much more effective.

According to Forex broker Keller Finance experience, first way to detect a scammer starts at brokerage official website. “Scammers very often just don’t understand what the shop window is and why it is important”, Singh says. These scammers’ websites do not live for a long time; they close or just abandon them easily as soon as they gather enough money from their clients. “They use some ready to use web design patterns, their sites look very lame and empty – at Keller Finance we believe scammers can be identified by their websites, as for many of them it is rather some formal thing”, he adds.

Another feature of this kind is the approach to website content – lack of information, links leading to nowhere, numerous mistakes etc. According to Singh, it is almost inevitable. Imagine you launch these websites all the time, one after another. One day you just start copying that content with all its mistakes from the previous versions, as it is faster and cheaper. “Keller Finance as legit broker can’t neglect the content, but fraudsters don’t have this problem”, Singh explains.

There is one more key thing – abnormally big bonuses for traders who help engaging new customers. “I don’t mean referral bonuses or partner schemes as they are. This is one of the marketing tools, you can use them even if you are not a fraudster like Keller Finance does”, he adds. The key thing is those referral payments shouldn’t be bigger than profits from the trading itself. If they are, that is most likely a good old Ponzi scheme, pattern which is well-known but nevertheless is still in use.

Then comes another Keller Finance fraud detection perk. “Check the minimal deposit size. It is actually the entry ticket, it shouldn’t be worth $1000 or some other amount close to it. The mass market user is just not ready to deposit such money at once, therefore high threshold makes no sense if a broker is good to trade”, Singh says.

Another thing to mention in our scam review with Keller Finance is things related to payments. To cut the long story short, the less methods are available, the bigger odds that you are about to get scammed. Deposits and withdrawals only in crypto is very bad sign. “We support crypto payments – if you ask me personally, I am not a fan of crypto, but some traders are, and we are taking it into account. Keller Finance doesn’t consider cryptocurrencies as fraudsters’ distinguishing feature, for us it is just a method of payment with all its pros and cons”, Singh explains. Nevertheless it is much more reliable, when crypto payments are listed along with conservative, but trusted and reliable methods. “Everybody can have a crypto wallet, it is not a problem, you never know who its real owner is. But becoming a payment system partner of SWIFT affiliated partner is much more challenging thing to do”, he adds.

The last but not least thing to take into account when selecting Forex broker are various scam reviews, according to Keller Finance. Some of them are good enough and informative, some aren’t. But if you are about to trust your money to somebody, you would most likely be interested to know what happened to other people who did it earlier. “The reviews of specific Forex broker’s scams can be useful. But I wouldn’t say the same about various scam lists with many companies included. These are most likely written by people who don’t trade themselves, or they are even paid by some of our competitors. How do they know, for example, whether Keller Finance is legit broker or not, if they haven’t been our clients? It’s up to you, of course, but the credibility of these lists seems dubious”, Singh says.


We have compiled a list of brokers, that we recommend avoiding.


Comments (7)
user_avatarLarry Price

I am new to trading, I decided to start trading, I started by creating a demo account, but I opened a real one, while I am working in the plus, they help with questions about trading (I hope everything will continue to work). Overall I am happy with this company.

user_avatarVirginia Hicks

The previous broker RoboForex was disappointing with expensive spreads. Although, on the whole, it was very comfortable to work with. Here the spreads are much lower, fixed and do not jump in storms. I read the reviews from last year and it seems that Keller Finance Limited has developed now. At least I see some changes for the better. What is good. I wouldn't even comment on MetaTrader 4 platform, it is so much genius, more than 50 key currencies, you can trade commodities, food and even energy, leverage 1:300, all conditions for scalping, safety and security, round the clock technical support and by the way competent, real professionals.

user_avatarJanet Arnold

Wanted to switch to another type of profile from spreads. But everything works great.

user_avatarJanet Bell

My previous broker often had spreads that went over and above what was advertised. At first I was surprised, then I started to get indignant. My broker, at first I was amazed, then I started to feel indignant. I decided not to suffer and just quit after the withdrawal of all funds. My friend advised me to use a young broker, Keller Finance Limited. Here the spreads are fixed and generally more profitable. I like scalping; I make higher profits on small trades. The broker has no commissions, when withdrawing to the card the bank interest can be deducted.

user_avatarJoann Castro

I prefer scalping. Exchange trading seems too slow and boring to me. It's nice to finally work with a company that does not impose such restrictions on its clients. I trade on a daily basis. Everything is good.

user_avatarWilliam Foster

I like the conditions here. Nothing out of the ordinary, but combined with good customer support, functionality, etc. - The platform deserves four stars.

user_avatarDaryl Young

One of the usual brokers on my list. There are some flaws, of course, but overall the picture is very promising. The most important thing for me is to be able to withdraw money quickly, and without problems .