Kurmay Global is inconsistent and suspicious in every aspect of its business. The default site language is Turkish while the company address is in Hungary.
The broker focuses their business philosophy on building trust in their traders and helping them achieve their investment goals. Basically, Kurmay Global is proclaiming to be trustworthy based on nothing and can’t offer a single concrete evidence of its legitimacy.
The official website is too vague and lazily done to spark a visitor’s interest. Even if anyone got intrigued enough to stay and check out the general conditions and regulations, they wouldn’t be able to.
Except for the leverage of 1:100 and the basic deposit requirement of $100, Kurmay Global doesn’t offer any other information. The process of making an account is demanding and confusing. A trading platform of any kind seems to be missing completely.
Based on this bad first impression, we are already sure this broker couldn’t be legit. So we bring you this Kurmay Global review to inform you about the risks of getting involved with this fraud.
|Company||Kurmay Global LLC|
|Phone||+36 1 630 29 04|
Kurmay Global License and Regulations
An encounter with a peculiar broker like Kurmay Global motivates us to investigate their regulation first. Their claims of being a world-class brokerage agency with the best trading conditions are all there is to witness their credibility and success. To truly gain the trust of future investors, brokers need to provide so much more.
Every popular and globally recognized brokerage company has a license from at least one jurisdictional regulator. The financial authority in charge of supervising brokerage activity and issuing licenses in Hungary is the National Bank. Of course, they regularly update their register of licensed brokers. Kurmay Global is not among them.
Let’s assume the broker is located in Turkey then since the preferred site language is Turkish. They still have to first acquire a license before offering their trading services and products. Authority responsible for regulating Turkish brokers is the Capital Markets Board of Turkey (CMBT). Thankfully, this agency responsibly keeps a record of its regulated members. Kurmay Global is not one of them.
If you’re wondering why regulation matters so much, it’s because without the regulatory framework and supervision brokerage firms can easily misuse the invested funds. With a financial authority overseeing their actions, brokers have to respect the standards of safety and protection.
Thanks to that, clients’ capital is safely deposited in segregated bank accounts, and transparency of transactions is ensured. Traders buy/sell products with the risk of loss significantly reduced through leverage restriction and negative balance protection.
Without a license, all we can conclude about Kurmay Global is that they’re nothing more than a scamming scheme.
Trading Platform Overview
The biggest expectations of a broker are always related to the trading platforms they provide. In that sense, Kurmay Global will utterly disappoint you as it’s unprovable if they have any trading software at all.
To access the trading area you have to register a trading account with the site. This process is unusually complicated. You first have to fill in a form and then whoever runs the site decides whether to let you in or not. Obviously, the scammer filters their potential victims.
The lag that kept happening prevented us from submitting the joining request so we didn’t manage to open an account. Without this prior condition, we didn’t get to check if there was a trading terminal.
Instead of going through so much trouble of opening an account with Kurmay Global, choose a regulated broker and you will be allowed to test their trading terminals without depositing.
Kurmay Global Deposit and Withdrawal
Transfer options such as EFT, Wire Transfer, Western Union, and USDT (Crypto) are available for withdrawal/deposit transactions. That’s what the broker says, but it’s impossible to verify its truthfulness. An initial deposit of only $100 seems in range with regulated brokers. But that is all.
Kurmay Global remains secretive about the actual trading conditions and funding fees. Depositing with such a highly suspicious site is a dangerous game to play. Unless you want to hand them over your capital, it’s better to stay away.
The lack of transparency in terms of withdrawals is upsetting. No rules state the circumstances of processing the transactions and if any charges apply. It would be no surprise if the phony broker changed the conditions without any prior notice. They’re a scammer looking to steal from you, after all.
How Do Offshore Brokers Implement Their Scam?
Illicit brokers are desperate to capture your attention. The methods they use are characterized by exaggerations about easy money without any considerable effort.
If the top of that you get an offer to sit back while an account manager or automated process does your trades, consider it a red flag. While you offer your trust and access to your funds hoping to increase your capital, they plan ways of defrauding you.
There are many means fraudsters use to snatch your investment. They could charge unreasonable fees for their worthless products or services. Surprise charges also happen to prevent you from requesting a refund. Withdrawal attempts are often obstructed by trading volume requirements that are next to impossible to reach.
Top Forex Brokers
A reputable broker has no issue disclosing the license numbers and agencies that have issued them. Visiting the websites of the brokers we suggest today will show you exactly what they’re all about and how trustworthy they are. Their web presentations are packed with exact trading conditions with all costs included.
Honest customers’ opinions and the listed rewards are given over the years of perfected service speak in favor of their credibility. Any doubts can be immediately solved as getting in touch with the support team is instant through more than one channel of communication.
Brokers don’t refrain from giving the physical addresses of the offices too. As you can assume, transparency is absolute and protection of all investments is on another level.
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|HFM HF Markets Broker||Cyprus, UK, South Africa, UAE, Kenya||4.3||$5||HFM.Com|
|FBS Broker||Cyprus, Belize, Marshall Islands||4.85||$100||FBS.Com|
Kurmay Global Summary
Common sense is your best friend when choosing a broker to invest with. If you get a hunch about something being off, that’s because it probably is. Nothing even slightly suspicious is worth your time and trust. Compelling earning potential can be fatal if it’s your only reason to invest in an offshore business deal.
Kurmay Global has a poorly designed website with shallow information about their firm, regulations, and trading environment. Accounts should be opened easily, while here the process goes differently and you don’t know how long you will wait.
Even if you manage to get through the registration, no trading will be possible without an appropriate trading terminal. Not to mention that depositing and withdrawals are not remotely well explained. Overall, your impression of this broker can’t be positive in any sense.
FAQs About Kurmay Global Broker
Is My Money Safe with Kurmay Global?
This broker is a fraud with a secret background and without a license, so they cannot provide security of funds.
Is Kurmay Global Regulated?
Kurmay Global doesn’t have a license from any financial authority. Their brokerage activities are illegal.
Does Kurmay Global Offer a Demo Account?
Demo accounts for trading during a limited period without investing are not an option at Kurmay Global.