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Kingston Capital Advisors Review: Legit Broker or Just Another Scam?

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Olivia Patel

Olivia is a skilled writer and her journey into financial content creation began during her undergraduate studies in economics, where she developed a passion for making complex financial topics understandable for the average reader. Olivia ‘s career path led her to various roles in financial journalism and content management, where she honed her skills in crafting informative and engaging articles.

As the content manager at traderhelpbook.com, Olivia plays a crucial role in developing and curating educational content tailored to traders of all levels. Her mission is to demystify trading concepts and provide clear, actionable insights. Olivia ‘s ability to blend technical expertise with accessible language ensures that our platform remains a valuable resource for both novice and experienced traders alike. Her dedication to accuracy and clarity helps uphold our commitment to providing trustworthy information.

Kingston Capital Advisors — our detailed account of a project that tries in every way to appear as a Forex/CFD broker worth trading with. It claims to have over 180,000 registered accounts, a balance of $34 million, and compensation of up to $100,000 for each trader. We would love to believe this, but unfortunately, we cannot, because we know for certain that the platform is a scam and its offers are merely bait for potential clients. Want proof? It’s simple — below we provide an analysis of the pseudo-company and reasons not to fund accounts with these fraudsters.

Does Kingston Capital Advisors Show Any Risk Factors?

We’ll start our discussion of the “regulated” broker with some statistics. On its official website’s homepage, it claims to have over 187,000 retail clients, while the About Us page lists a much higher number — over 500,000 users worldwide. The threefold discrepancy perfectly illustrates the company’s questionable claims of reliability and transparency, and raises serious doubts about whether it can be trusted.

The project owners provided very little information about the firm’s registration. However, the footer of the site mentions regulation by an organization called, according to the platform, the Canadian Financial Industry Regulatory Authority. There’s even a registration number, RL296603, linked to a profile page for the firm with this regulator. This page also includes a company address and a scanned copy of a brokerage license (which, by the way, explicitly names the company).

At first glance, this looks impressive. But having seen countless legitimate and dubious legends from scam brokers, we cannot take any information at face value.

We decided to start by checking whether the broker is really registered in Canada. Fortunately, both federal and provincial business registries are publicly accessible.

It seems the platform’s creators did not expect anyone to question the license by verifying registration information. Otherwise, we are sure the company would have a different name. As it stands, there is no exact match for the firm’s name. The closest relevant result among Canadian entities is KINGSTON PARTNERS – CAPITAL ADVISORS LLP from British Columbia.

Moreover, even in the extensive OpenCorporates database, which contains over 223 million corporate records worldwide, only the aforementioned Kingston Partners – Capital Advisors LLP partnership and a now-defunct U.S. company could be found.

In fact, we see that Kingston Capital Advisors is not registered anywhere. In other words, we are dealing with a virtual broker that exists solely online.

The regulatory system for investment and brokerage activities in Canada is structured as follows:

  1. Licenses are issued by provincial financial commissions.
  2. These commissions delegate part of their authority to recognized federal self-regulatory organizations. Currently, there is only one in the country — CIRO (Canadian Investment Regulatory Organization).
  3. Certain types of activities are regulated or monitored by other authorities, such as FINTRAC (anti-money laundering and counter-terrorism financing), OSFI (overseeing banks, insurance companies, credit unions, and pension fund managers).
  • Licenses are issued by provincial financial commissions.
  • These commissions delegate part of their authority to recognized federal self-regulatory organizations. Currently, there is only one in the country — CIRO (Canadian Investment Regulatory Organization).
  • Certain types of activities are regulated or monitored by other authorities, such as FINTRAC (anti-money laundering and counter-terrorism financing), OSFI (overseeing banks, insurance companies, credit unions, and pension fund managers).

CARFIS, or as the broker calls it, the Canadian Financial Industry Regulatory Authority, does not exist in any list of active Canadian regulators, federal or provincial. We have ample grounds to assert that it was invented by the project’s owners:

  • Name inconsistency. On the scanned license, the organization’s name appears as Canadian Regulatory for Financial and Investment Securities (which indeed forms the abbreviation CARFIS). It seems they were too lazy to type the full name on the webpage.
  • The Kingston Capital Advisors profile is hosted on a subdomain of the broker’s official site, under “carfis.”
  • The license is clearly fake. We didn’t even examine the stamps — the initial registration date of 24.06.2020 and date of incorporation 27.06.2025 alone are absurd (five years to register a company is highly unrealistic!).
  • Searching for CARFIS yields only one other relevant result — the site of another scam project, Hyper Trades.
  • Name inconsistency. On the scanned license, the organization’s name appears as Canadian Regulatory for Financial and Investment Securities (which indeed forms the abbreviation CARFIS). It seems they were too lazy to type the full name on the webpage.
  • The Kingston Capital Advisors profile is hosted on a subdomain of the broker’s official site, under “carfis.”
  • The license is clearly fake. We didn’t even examine the stamps — the initial registration date of 24.06.2020 and date of incorporation 27.06.2025 alone are absurd (five years to register a company is highly unrealistic!).
  • Searching for CARFIS yields only one other relevant result — the site of another scam project, Hyper Trades.

The platform’s creators showed remarkable “creativity”:

  • Invented a non-existent regulator.
  • Created a few pages for it on their subdomain.
  • Drew a license that doesn’t exist in reality.
  • Linked to these pages as proof of regulatory oversight on their official website.
  • Invented a non-existent regulator.
  • Created a few pages for it on their subdomain.
  • Drew a license that doesn’t exist in reality.
  • Linked to these pages as proof of regulatory oversight on their official website.

It looks both ridiculous and sad. Ridiculous because the forgery is so obvious it’s hard to miss. Sad because such tricks still manage to find victims.

In short:

  1. Kingston Capital Advisors has no registration or license. The company operates illegally, solely in a virtual space.
  2. There are no corporate accounts or bank cards, and there cannot be. All transfers go straight into the scammers’ pockets.
  3. Trading on the platform is simulated; no real transactions take place.
  • Kingston Capital Advisors has no registration or license. The company operates illegally, solely in a virtual space.
  • There are no corporate accounts or bank cards, and there cannot be. All transfers go straight into the scammers’ pockets.
  • Trading on the platform is simulated; no real transactions take place.

There are further signs that the platform was created by fraudsters. For instance, the fake license lists an initial registration date of June 2020, yet according to WHOIS, the active domain kca-kingstoncapital.com was registered only in August 2025.

This means the broker appeared online less than a month ago. Now, recalling the claims of 187,000+ and 500,000 clients, one can only laugh. In short, none of the information on the official website of this pseudo-company can be trusted.

Let’s Break Down the Fixed-Interest Payments

We carefully reviewed the trading offers of Kingston Capital Advisors and noticed one of the most questionable features — the so-called guaranteed profits included in their account plans. Depending on the account type, the broker promises returns starting from 7.2% per month on the Starter plan and reaching up to 0.9% per day on the Diamond account.

Such promises are absurd and have nothing to do with legitimate brokerage services. A licensed broker does not and cannot guarantee profits, especially at such unrealistic levels. The financial markets are inherently risky, and no serious company would commit to fixed daily or monthly returns.

In reality, the only way such payouts could be made is through the deposits of new clients, which makes the scheme unsustainable by definition. Sooner or later, such projects collapse, leaving investors with losses.

Overall, the account plans of Kingston Capital Advisors are not credible. They are designed to attract deposits, not to provide real trading opportunities.

What Does the Kca-kingstoncapital.com Website Reveal?

We do not rule out that the official website of Kingston Capital Advisors may appeal to some. Indeed, the strict dark background, abstract images unrelated to trading but visually striking, and the abundance of market widgets could create an impression of professionalism.

However, once you pay attention to the content, any positive impressions quickly vanish:

  • Homepage. What should serve as a company presentation fails to provide even a remote understanding of the broker or its trading offers. Instead of genuinely useful information, it features numerous market widgets that most visitors do not even know how to use.
  • About page. Here you can find anything — from useless Mission and Vision statements to self-written praise by company employees. Yet, there are no payment details, no financial reports, and not even a basic introduction to the project team.
  • News section. Extremely sparse. On the main page, there is a news widget from TradingView, and on the single internal page, Financial Overview — guess what? Correct, another TradingView widget showing current asset prices. There is no analysis, no live news feeds, and not even an economic calendar. Important market information, in the broker’s view, is apparently unnecessary for traders — or rather, it costs money, and the company has no intention of incurring these expenses.
  • Documents. The only documents provided are Privacy Policy, KYC Policy, and Refund Policy. You won’t find detailed risk disclosures, an AML policy, or statements on conflict of interest. There isn’t even a Terms & Conditions agreement. How accounts are opened and funds are deposited is completely unclear, as are the rights and obligations of both clients and the platform’s administration.
  • Deposits and Withdrawals. A list of payment methods and conditions for non-trading operations is shown. Yet in the client portal, clicking the Deposit button opens an empty window. To fund an account, you must contact support. You will then likely learn more about the accepted payment methods and who receives the funds — no wonder the broker doesn’t publish payment details.
  • Homepage. What should serve as a company presentation fails to provide even a remote understanding of the broker or its trading offers. Instead of genuinely useful information, it features numerous market widgets that most visitors do not even know how to use.
  • About page. Here you can find anything — from useless Mission and Vision statements to self-written praise by company employees. Yet, there are no payment details, no financial reports, and not even a basic introduction to the project team.
  • News section. Extremely sparse. On the main page, there is a news widget from TradingView, and on the single internal page, Financial Overview — guess what? Correct, another TradingView widget showing current asset prices. There is no analysis, no live news feeds, and not even an economic calendar. Important market information, in the broker’s view, is apparently unnecessary for traders — or rather, it costs money, and the company has no intention of incurring these expenses.
  • Documents. The only documents provided are Privacy Policy, KYC Policy, and Refund Policy. You won’t find detailed risk disclosures, an AML policy, or statements on conflict of interest. There isn’t even a Terms & Conditions agreement. How accounts are opened and funds are deposited is completely unclear, as are the rights and obligations of both clients and the platform’s administration.
  • Deposits and Withdrawals. A list of payment methods and conditions for non-trading operations is shown. Yet in the client portal, clicking the Deposit button opens an empty window. To fund an account, you must contact support. You will then likely learn more about the accepted payment methods and who receives the funds — no wonder the broker doesn’t publish payment details.

In short, it is clear that no effort, time, or resources were invested in creating a fully functional website for a regulated broker. Everything on Kingston Capital Advisors’ official site confirms that the company has no intention of maintaining a professional site. By now, it is obvious we are dealing with a scam project, and this serves as further proof.

Is the Broker Offering Fair or Risky Terms for Traders?

In the Account Types section, trading conditions are listed only on the main page of this category. Some visitors might think that the broker provides comprehensive information for traders. We are about to disappoint them.

Let’s start with the trading accounts. The broker offers six:

  • Starter. Minimum deposit $10,000, maximum leverage 1:10.
  • Bronze. Requires a deposit of $25,000, leverage up to 1:25.
  • Silver. Deposit from $50,000, leverage up to 1:50.
  • Gold. Minimum balance $100,000, maximum leverage 1:100.
  • Diamond and VIP. Minimum deposits of $250,000 and $500,000, respectively, both with leverage up to 1:500.
  • Starter. Minimum deposit $10,000, maximum leverage 1:10.
  • Bronze. Requires a deposit of $25,000, leverage up to 1:25.
  • Silver. Deposit from $50,000, leverage up to 1:50.
  • Gold. Minimum balance $100,000, maximum leverage 1:100.
  • Diamond and VIP. Minimum deposits of $250,000 and $500,000, respectively, both with leverage up to 1:500.

Although the account types include a number of additional options, we would advise ignoring them. All of these features exist solely to attract clients, particularly beginners. The company has no intention of actually fulfilling these promises. For example, the client portal lacks tools for processing trading signals, managing investment portfolios, and similar functions.

A better way for traders to evaluate a broker is by looking at the minimum deposit requirement. In the case of Kingston Capital Advisors, the information is inconsistent and confusing. On one page, the broker suggests there is no minimum deposit to open an account, but in the FAQ section it suddenly requires at least €300 to access margin and options. Elsewhere, in the contacts section, the figure changes again, this time to $250 for a standard account. Such contradictions show that the website was filled with information carelessly, and traders cannot rely on these conditions as being clear or transparent.

Moreover, the broker pushes users toward higher-tier accounts, requiring larger deposits. Interestingly, as the starting amounts increase, the maximum leverage also rises, along with the associated risks. On the two highest-tier accounts, where leverage is set at 1:500, the risks exceed levels acceptable even for professional traders.

We also want to draw your attention to the Fees & Costs section, located just below the account list. After reviewing it carefully, we concluded that the company had borrowed it from some stock broker. Why? First, trading commissions at Kingston Capital Advisors do not apply because the platform offers only CFDs. Second, all links to full tables of spreads and swaps have been removed. This alone is enough reason not to trust the information provided.

There is another offer that may appear interesting. On the Insurance page, the broker claims to provide client coverage of up to $1 million per account. Let us be clear: this is yet another trap for traders — no compensation will actually be provided.

The broker claimed participation in CIPF (the Canadian Investor Protection Fund), which provides compensation under various programs up to CAD 1,000,000 each. However, it is not listed among CIPF members.

Technical Support Analysis of Kingston Capital Advisors

On the Impressum page, the broker provides some information users might expect in the contacts section, including office addresses and phone numbers:

  • Head office in Canada.
  • Branch office address and phone in Switzerland.
  • Information center phones in Germany and the UK.
  • Head office in Canada.
  • Branch office address and phone in Switzerland.
  • Information center phones in Germany and the UK.

The Canadian address is used by multiple companies of various types, suggesting it is part of a business center. It is likely that the broker has only a virtual office there. Moreover, since the firm is unregistered in Canada and intends to operate in Europe (as implied by the phone numbers and addresses), even a Canadian mailing address is unnecessary.

Other contact details are similarly problematic. The Swiss address is also virtual, lacking even an office number, and renting an entire business center would be unaffordable for the broker. The Swiss phone number does not even belong to the canton of Zug. The German number is mobile, and the UK number is part of a VoIP pool.

Strengths and Weaknesses

  • Attractive design of the official website.
  • Numerous functional market widgets on the pages.
  • Attractive design of the official website.
  • Numerous functional market widgets on the pages.
  • The platform has no official registration; it exists only online.
  • The broker invented a non-existent Canadian regulator and created a fake license. It has no real authorization to provide services.
  • Almost all information on the official website is false.
  • Trading conditions are practically undisclosed.
  • There are very few reviews about the platform, and the ones that exist are paid.
  • The platform has no official registration; it exists only online.
  • The broker invented a non-existent Canadian regulator and created a fake license. It has no real authorization to provide services.
  • Almost all information on the official website is false.
  • Trading conditions are practically undisclosed.
  • There are very few reviews about the platform, and the ones that exist are paid.