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Kraken
Bulgaria|1-2 years| https://www.kakenyqs.com/
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No valid regulatory information, please be aware of the risk!
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Kraken
Kraken
Bulgaria
Pyramid scheme complaint
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- It has been verified that this broker currently has no valid regulation. Please be aware of the risk!
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Kraken · Company Summary
| Kraken | Basic Information |
| Company Name | Kraken |
| Founded | 2023 |
| Headquarters | China |
| Regulations | Unregulated |
| Products and Services | Energy metals, currency trading, foreign currency exchange, precious metals trading |
| Transaction Types | Trading, C2C (crypto-to-crypto), Fiat transactions |
| Customer Support | Online chat |
Overview of Kraken
Kraken, founded in 2023 and based in China, offers a variety of products and services in the trading industry, including energy metals, currency trading, foreign currency exchange, and precious metals trading. However, the lack of regulation raises concerns about the safety and security of its services, highlighting the importance of careful consideration before engaging with an unregulated broker.
Is Kraken Legit？
Kraken is not regulated by any recognized financial regulatory authority. As an unregulated broker, it operates without oversight from regulatory bodies that are responsible for ensuring compliance with industry standards and protecting the interests of traders. This lack of regulation raises concerns about the safety and security of funds, as well as the transparency of the broker's business practices.
Pros and Cons
Kraken offers a user-friendly trading platform and a variety of cryptocurrency trading pairs, making it a popular choice among traders. However, its lack of regulatory oversight raises concerns about potential risks for traders. Additionally, Kraken has limited customer support options compared to other platforms and offers few educational resources for traders, which may be a drawback for those seeking more comprehensive support.
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Products and Services
Kraken offers a range of products and services, including energy metals, currency trading, foreign currency exchange, and precious metals trading.
Here is a comparison table of trading instruments offered by different brokers:
| Broker | Forex | Commodities | Crypto | CFD | Indices | Stock | ETF |
| Kraken | Yes | Yes | No | No | No | No | No |
| RoboForex | Yes | Yes | Yes | Yes | Yes | Yes | Yes |
| IC Markets | Yes | Yes | Yes | Yes | Yes | Yes | No |
| Exness | Yes | Yes | Yes | Yes | Yes | Yes | No |
How to Open an Account
To open an account with Kraken, follow these steps.
Visit the Kraken website. Look for the “Register” button on the homepage and click on it.
Register with your email or mobile number.
Submit your information.
Transaction types
Kraken offers various transaction types, including trading, C2C (crypto-to-crypto), and fiat transactions.
Customer Support
Kraken provides customer support through online chat.
Conclusion
Kraken, founded in 2023 and based in China, offers a user-friendly trading platform with a variety of cryptocurrency trading pairs. However, being unregulated raises concerns about the safety and security of its services, especially considering the limited customer support options and educational resources. Traders should carefully consider these factors before engaging with Kraken, as online trading involves significant risks.
FAQs
Q: Is Kraken regulated by any financial regulatory authority？
A: No, Kraken is not regulated by any recognized financial regulatory authority, which may raise concerns about the safety and security of its services.
Q: What products and services does Kraken offer？
A: Kraken offers a range of products and services, including energy metals, currency trading, foreign currency exchange, and precious metals trading.
Q: How can I open an account with Kraken？
A: To open an account with Kraken, visit their website, look for the “Register” button, and follow the instructions to register with your email or mobile number.
Q: What transaction types does Kraken support？
A: Kraken supports various transaction types, including trading, C2C (crypto-to-crypto), and fiat transactions.
Q: How can I contact Kraken's customer support？
A: Kraken provides customer support through online chat.
Risk Warning
Online trading involves significant risk, and you may lose all of your invested capital. It is not suitable for all traders or investors. Please ensure that you understand the risks involved and note that the information provided in this review may be subject to change due to the constant updating of the company's services and policies. In addition, the date on which this review was generated may also be an important factor to consider, as information may have changed since then. Therefore, readers are advised to always verify updated information directly with the company before making any decision or taking any action. Responsibility for the use of the information provided in this review rests solely with the reader.
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