K2 Wall Street Review (2023)

Is K2 Wall Street a scam or legit broker?

K2 Wall Street is not a secure Forex broker since it does not hold a license from any worldwide serious Forex authority. Meaning the broker is suspected of being a fraud company since it was not checked for its compliance before establishment, never monitored in terms of its safety and simply may operate the business in any way it wishes.

The broker is owned and operated by the K2 WALL STREET CO LIMITED and claims to have offices in London, UK and New York, USA. According to the website, K2 WALL STREET CO LIMITED is an investment company whose activities are regulated and authorized by the UK jurisdiction SIC 66110 (Administration of financial markets) by the number of the certificate 11426191 (Companies House) is located in London, Great Britain. However, Administration of financial markets is not the regulator that approves licenses for the Forex brokers in the UK, it is the task of the Financial Conduct Authority. It turned out that K2 WALL STREET CO LIMITED is not licensed by the FCA, nor by any other authority.

Moreover, this same regulator, Financial Conduct Authority, has recently issued a warning against K2 Wall Street:
“This firm (K2 Wall Street) is not authorised by us and is targeting people in the UK. Based upon information we hold, we believe it is carrying on regulated activities which require authorisation.”
In addition, the company provides false information on the website regarding its numerous awards (like Best Broker 2016, Forex Broker Firm of the Year 2017 etc), which are fake.

Conclusion

Considering the above, we highly recommend to avoid K2 Wall Street and select a decent and licensed broker instead. Traders should trade with well-regulated brokers such as UK brokers or brokers in Australia and reliable brokers such as eToro and BlackBull Markets.

K2 Wall Street website is no longer active.