3 reviews for KadoCapital are not recommended
These reviews are not recommended because our content quality algorithms have determined them to be less useful for users researching this business. Our content quality algorithm makes decisions based on a number of proprietary evaluation factors, and is constantly updating and improving over time. Even though these reviews are not displayed by default, they still factor into the overall number of reviews and the average rating for the business.
Philippines
1 review
2 helpful votes

"You cannot withdraw your money... for so many reasons"
April 2, 2021

Found Kado Capital on the internet. An application was easily submitted to do cryptocurrency trading online including the required IDs and proof of billing. As soon as I submitted requirements, the guy on the other side said "Oh, this could take some time." So, maybe, I thought they will wait until my requirements are in before we can start. Few days later, an adviser called me, a Steven Fox who wanted to know if I had debts to pay off, how much is my credit card allowance. How weird was that to ask those things. He was a talker but still thought then he was doing his job. The opening investment was supposedly USD250 which I did through withdrawal from my checking account. Fortunately, my account would not let me give more than USD 700 and I did not want to use my credit card. He wanted me to up my investment to USD 1500. I was not convinced, I just said I could not give more at the time. He offered a Credit Token Agreement. I was not convinced what was it all about so I did not sign. Surprise, surprise - my ids and proofs of billing were not approved AND that I had to show copy of my credit card - AFTER they have received my money thru Dragon Pay and not thru my credit card!
So they called and called, different numbers from overseas calling my number! I did not answer their calls. My investment supposedly earned after a period of 4 months When I tried withdrawing some amount of money thru the platform app, I could not. Finally, I talked to Mr Fox asking why my ids and proofs of billing were still not approved when they have received my money already. When I asked who does the approval, this Mr Fox said he can do that and lo and behold - my ids were approved right then and there. I asked why they are asking for proof of payment in the form of a copy of my credit card when I did not use my card to pay. He said there was a mistake. When I said I wanted out and get my money, he said I could not because I did not agree to the Credit Token Agreement and that he taped our conversation! It was a ruse. I just said I wanted to get my money out. Said he will refer me to Support.
Email from Support came and said they will deposit to my dollar account. Gave all the required number and bank codes. I was informed by my bank that MY account is ok and CAN receive deposit from overseas anytime. But Kado support said can the deposit failed! The email from a Phoebe Smith from Support wanted to give me an adviser to convert my money instead to bitcoin! They give you the round around when you want out and your money back!

Tried accessing my account but the app said I can not anymore because it is inactive already! WHAT?

This is a scam and the modus is obviously common with the other investors!

Date of experience: April 2, 2021
GB
1 review
2 helpful votes

It's a 'Sting'.
March 1, 2021

Am I writing out of a feeling of sour grapes? Hell Yes, and if it helps anyone else avoid putting Money into Kado Capitol without knowing what they are letting themselves in for, then that is a result.
I lost just over £10,000 pounds on their trading platforms inside of 3 weeks, and since Account Managers like Emma Green, and Harvey Smith tell you what to buy and when to sell, doesn't that make them either very bad at their job or robbers?
I researched them, they aren't on the Financial Conduct Authority lists
This is my story and my opinions and I hope it helps if it matches your early experiences with them. I saw what turned out to probably be fake news around Holly Willoughby trying Cryptocurrency Revolution and make 100's on live TV, so I googled and registered with I think an email address and certainly a mobile phone number, then thought better of it and went no further. The following Monday I was inundated with cold calls from Cryptocurrency traders, I challenged them and told them I thought them to be a scam, but they are very convincing and I did have a pot of money that I had been thinking of high risk trading with.
When they say 250 they are talking dollars, so when one originally said 183 to join and when it came to pay they asked for 250 I said no again. They kept calling, and as there seemed to be an identity verification process, as well as questions around any debt or savings I had, seemingly checking that I could afford to trade, and the number became a consistent one from Oxford number ******* *******, I thought to go along with it. Firstly, I told them that there was a trust issue on my part so they sent me $100.
Yes, they keep asking for more, and they call 3 or more times a week to tell you what to buy and how many shares. $250 deposit became suggestions of $2,000 because with the volatility of the market could lose you $250 in one trade, they also match what you deposit. Once they had that, I tried to make a test withdrawal still leaving money in the account, that was cancelled by them. Next time Emma calls I tell her about that and she tells me I didn't have enough money in the account to make that withdrawal, I believed different. I tried a smaller amount and that failed too
In the following week, Emma tells me she has a wonderful surprise for me, she would get one of her more experienced colleagues to call me later and help me understand the market. Later she calls again to tell me that she bumped into her manager ‘in the corridor' who would call me instead.
David Morgan was the person who called, having ‘overheard Emma on a call with me', he spent 1 ½ hours on the phone telling me his background around investing and rates of returns for shares, bonds, ISAs savings accounts and the works. He also said that if I deposited more money he could reduce my rate of commission and increase my ‘Leverage'. When it came down to it he was trying to convince me to invest £7,000 that I told Emma that I had in bonds. I said No, but would think about it, and anyway it would take 2-5 working days to transfer. He called back next day, which is where I told him that I would request a withdrawal. He called again the following day suggesting that I should draw the money on my credit card which I could pay back after the 5 working days it took to withdraw my savings. I said No.
I decided to take a leap of faith regrettably, I could not believe how aggressively David Morgan used his computer to get the money from my bank, he used different payment methods at his end drawing small amounts, my bank locked my account after 2 transactions, he told me to call the bank ‘don't tell them what the money is for, banks don't like us'. He got the money after 3 transactions
Once they had my money, and David Morgan applied his part to provide reduced commission and increased leverage, things appeared to be going ok. With the trades made and commissions and ‘swops' paid, my balance had expectedly reduced. As the calls became routine, to tell me what to sell and what to buy, my balance went from £9,000 to about £12,000. Then came the next ‘great opportunity' from David who told me to expect a call from his ‘manager'. When I asked his name he couldn't tell me.
Paolo Rosso was the man who called, another lengthy call that felt like a sales pitch, during which I asked why each time I tried to withdraw it was cancelled, he explained that I had open trades and you can't withdraw in that case. When can I withdraw I asked, he tells me to speak to the account manager, so in the end I asked him to cut to the chase. He was a Risk Manager and wanted to tell me about his ‘Securitiser', ‘Insurance?' I ask, yes he says at a cost of 35%. I said thanks but no thanks. Next day came the call from Harvey Smith to carry out some trades, selling took my balance to £27,000, and then the buying which immediately sent the profit loss figure into -£1,000's. This was no surprise as it had happened following earlier buys. I kept checking in that evening and during the following days and the P/L figure was plummeting in losses
Next day I get an email that they want to speak to me about my trades which they had closed. He began the call with the usual ‘how are you? He showed no empathy when I said ‘how do you think I feel David?'. I asked David why they closed my trades at a loss when all of them showed they were on the up, he told me it was due to market opening times in UK. He told me that Paolo would call with, you guessed it ‘a wonderful opportunity'
That opportunity was the chance to recover all my losses and they would give me $20,000 to trade with, if I gave them $4,000 (which feels about the equivalent of their insurance?). I told them I would think about it. What would you do? One part that I never got a satisfactory answer to was their own Credit Token Agreement which relates to the money they give to match any deposits, I had reckoned after the 2,000 deposit by their calculation that I needed to make 137 + million units of trade before I got my money without them making deductions, add the figures for the £7,000 plus any $20,000 dollars and I can't see that I would ever get money back

Tip for consumers:

Ask early on what happens if you don't take their insurance

Products used:

Cryptocurrency

Date of experience: March 1, 2021
GB
1 review
2 helpful votes

I was scammed
October 17, 2020

My account manage talked me into investing more money by offering to match my investment. This was their criminal tactic to lure me, she then tomanager ok unauthorized amounts from my account. I have reported them. F. C. A they have confirmed they are a fraud and I had zero chance of getting my money back. My account Manager name was Emma green, she stopped all contact with me, after a lot of thought and my mind doing overtime. I emailed Emma I told her I was ready to invest 5k but first I needed to checkout if the withdrawals would work. She called straight away and keen of me taking out the money her excuse for the amount taken was accounts made a mistake. She made me speak to two managers with a lot of talking and convincing me to keep money in. I kept refusing them. Finally they agreed with the refund. The money took over 3 weeks to come, Emma excuses kept coming. Now they had £1600 left of my money Constantly speaking was draining for me her manager (husband) was a sweet guy i think she got him to convince me to invest more, I did agree. He offered to pay my credit card the remaining £1600 as I was being charged. As long as I would make the 10k investment. All this was getting to much for me. They were believing I was going to invest, she gave me bank details for a bank in UK the company name was different to theirs. Apparently I had to trust them, this were very dodgy about them. I couldn't carry on anymore, as their was no difference between me and her so I texted her I wasn't going ahead with investment, I did say she could keep all the profit and to return my money. She stopped all contact, with me. I emailed her Manager he said she would call me. She called after a week and told me I have surprisingly lost £1600 and as they are a big company my recovery department will help retrieve it. I told her account was good how is this possible. She said recovery will explain. I got call from a guy called Alef and he looked at account and asked if withdrawals came into my account. I said yes so he said he will call back. I got no call after constantly calling them. Emma called she told me All my money had gone because she took her investment out and my money was gone. I told her how she was lying and everything was a big lie. She told me taking big withdrawals like that got her into trouble. Seriously my money that was taken without me authorising the withdrawals which she accepted got her into trouble. Dodgy. I told her this amount was small and as she kept boasting about having a Farrari and being a millionaire. She should pay back what didn't belong to her. It didn't go well. Kadocapital arnt located in the u. K as they did claim and I believed as they called from a UK number. It some kind of spoofing app that they use. Their number come up a potential fraud and scam on my caller I.d. The transactions showed Exibay soeul Korea and ftp Kaystoress. These people keep repeating the same lies over and over they probably believe what they are doing is ok. I head felt so much lighter, I do question myself if I should have carried on untill i got all my money back. I got greedy and wanted more so she lost what she took.

Tip for consumers:

This firm isn't authorised so you have no protection.

Products used:

None

Date of experience: October 17, 2020
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