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Updated on February 12, 2024

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Our Review Method ▲

In our rigorous review process, a team of seasoned financial specialists, boasting more than 20 years of experience in Forex trading, carries out an exhaustive evaluation of various trading services. Our team delves deep into the investigation of fees, assesses the trading platforms, and verifies adherence to regulatory standards. We also interact directly with customer support and conduct actual trades to gain a real-world understanding of the trading conditions. This comprehensive approach enables us to provide informed insights and advice on why we recommend avoiding K2 Wall Street due to the issues we've identified.


Is K2 Wall Street Scam or Legit Broker? ▲

K2 Wall Street emerges as a highly dubious Forex brokerage entity, primarily because it lacks accreditation from any globally recognized Forex regulatory bodies. This absence of licensure signals a potential scam, as the firm has not undergone the necessary regulatory scrutiny prior to its inception, is not subjected to ongoing safety monitoring, and is essentially free to operate its business without any formal oversight.


  • Registration Status: The entity is not registered.

  • Licensing Details: There is no licensing in place.

  • Safety of Trading with K2 Wall Street: Trading with this broker is not deemed safe.

  • Recommended Licenses: Ideally, a broker should be licensed by reputable bodies such as the FCA in the UK or ASIC in Australia.


What is K2 Wall Street? ▲

K2 Wall Street professes to be owned and operated by K2 WALL STREET CO LIMITED, boasting supposed establishments in premier financial hubs like London, UK, and New York, USA. The firm portrays itself as an investment company regulated and authorized under the UK jurisdiction SIC 66110 (Administration of financial markets) with a certificate number 11426191 from Companies House located in London, Great Britain.


  • Misleading Regulatory Claims: Despite claims of regulation, the entity is not sanctioned by the Financial Conduct Authority (FCA) or any other recognized financial regulator, making its operations unauthorized.

  • False Accolades: The firm is known to advertise numerous, unverified awards on its website, further casting doubt on its legitimacy.


Conclusion ▲

Taking into account the significant concerns surrounding K2 Wall Street, including its lack of proper licensing, false claims of regulation, and dubious awards, it is strongly advised to steer clear of this broker. Engaging with unregulated or offshore brokers carries substantial risk, marking it as the most glaring red flag in Forex trading. Traders are encouraged to opt for brokers that are properly regulated by credible authorities, such as those in the UK or Australia. Given the broker's website is currently inactive, it further underscores the recommendation to avoid and remain vigilant against any offerings from K2 Wall Street.


When considering alternatives, brokers like Interactive Brokers, City Index, and AvaTrade stand out. They not only offer the security of stringent regulation but also bring to the table comprehensive trading solutions that can meet the needs of both novice and seasoned traders.

K2 Wall Street

IG

Swissquote

Ranking

Is it safe?

Advantages

None

No

Low Fees

Yes

⭐⭐⭐⭐⭐

Education

Yes

⭐⭐⭐⭐⭐

Compare K2 Wall Street with its peers

K2 Wall Street

IG

Swissquote

Ranking

Is it safe?

Advantages

None

No

Low Fees

Yes

⭐⭐⭐⭐⭐

Education

Yes

⭐⭐⭐⭐⭐

Compare K2 Wall Street with its peers

K2 Wall Street
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In a Snapshot

Name: K2 Wall Street

Website: www.k2wallstreet.com

Reason to avoid: No license

Date: February 18, 2019

⚠️Caution: K2 Wall Street operates as an unregulated broker, making it UNSAFE for trading activities.⚠️

K2 Wall Street Review 2024

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