Kaarat: company reviews, activity analysis

Attention! Fraud company!

Leave a request for a refund from a scammer.

What the Kaarat broker promises to its clients cannot but attract attention. Traders “peck” at his offers and, judging by the reviews, find themselves in a trap. What is this office, how long has it existed in the financial market, does it have the necessary documentation for conducting brokerage activities? We will try to find out all this in our review.

What is known about the work of Kaarat?

There is little information about the company on the site. For example, it is not said when she started working, who is in the composition of the managers, employees. Also, there are no scans of the incorporation document, licenses, financial reports. Therefore, in order to get a complete picture, we checked all this data through official services.

Judging by the information on Whois, the Kaarat broker has been operating for no more than 1 year. The domain was registered in January 2019 and re-registered in February 2021. And since reviews and information about this “kitchen” began to appear on the Web relatively recently, the second date is relevant.

The footer says that kaarat.com is owned by Kaarat, LLC, registered in St. Vincent and the Grenadines. However, we found out that it is not among the offshore companies, therefore, most likely, it is fictitious.

Regarding the license, the website says that Kaarat is regulated by the SVG FSA. But we will not even check the accuracy of this information, because all the documents issued by the Financial Regulatory Authority of Saint Vincent and the Grenadines are a flimsy letter. It has long been known that this office distributes such pieces of paper right and left, and they are not a guarantee that the company operates within the legal framework, and the interests and funds of its clients are protected.

Kaarat also provides services in Russia, as indicated by reviews and a Russian-language interface. Therefore, the office must have a license from the Central Bank of the Russian Federation. But we found out that it does not appear in the official register, therefore it violates Russian law. This means that the broker's clients will not be able to resolve conflict situations within the legal framework.

Kaarat provides internal documentation, but only in English. Having familiarized ourselves with it, we were finally convinced that we were faced with a scam. Breeders openly declare that they can block the client’s account and account at any time, charge him any commissions and do not bear any responsibility for his losses and financial losses.

Where the office is located is unknown, since only the city of Kingstown is indicated in the footer. Rogues often either indicate a fake address, or do not give clear coordinates at all.

On the site, we found several logos of social networks through which you can contact representatives of this office. However, Kaarat's popularity is out of the question. She has only 1 follower on Facebook and 0 on Twitter.

What does Kaarat offer?

To expand the client audience, these scammers offer users:

• the ability to trade currencies, commodities, stocks, indices, energy;
• availability of a calendar of economic events, functional analysis tools;
• leverage up to 1:400;
• the ability to copy trades of other clients;
• personal assistance of managers;
• the presence of several trading accounts: “Basic”, “Standard”, “Premium”, “Ultimate”;
• free training, daily signals, etc.

Reviews about Kaarat

The site has positive reviews about this office, but they are all written as a blueprint. Therefore, when preparing the review, we focused only on independent resources and forums. Since the fake broker has been operating for a relatively short time, there are few reviews about it and almost all of them are negative, which is another confirmation of its fraudulent activities.

Divorce scheme used by representatives of this sharaga

Basically, a pseudo-broker lures users through advertising, cold calls and SMS mailings. The crooks promise free education, a huge selection of trading instruments, and instant transactions. Moreover, they rely on beginners in the field of trading, since it is much easier to breed them.

Recruited users deposit money into the account and start trading under the strict guidance of Kaarat representatives. So that the first do not have any doubts, the cheaters create an imitation of profitable trading. In parallel with this, they are constantly calling for an increase in the deposit, promising unprecedented earnings.

Judging by the reviews, as soon as the trader is about to withdraw the money he has earned, he faces a number of problems: the platform starts to hang, the transaction is not carried out, and as a result, all funds are merged. Managers claim that the reason for this is the lack of funds in the so-called “insurance account”, and it needs to be replenished urgently. But all this is the tricks of scammers who are trying to lure more money from their victims. In fact, it is impossible to earn or withdraw funds within the platform. 

Summing up

The fact that Kaarat is “kitchen” is indicated by many facts. Working outside the legal field, lack of registration documentation, licenses, information about the management, negative reviews - this list can be continued for a long time. We do not recommend contacting Kaarat, even if representatives of this sharaga will promise you “mountains of gold”!