Some traders are surprised that scam brokers today are almost ready to become good fairies. In our Kanyon Trading SCS review, we introduce one of them, whose main goal is the success of clients. The platform offers trading on attractive terms, support from the best customer service managers, and access to numerous educational opportunities. However, there are no miracles, and all that can happen to traders who trust these fraudsters is the loss of all their invested funds. We explain why this project should not be trusted.
Key Features
- Company Name: Kanyon Trading SCS
- Website: https://kanyontradingscs.com/
- Available Contacts: [email protected]; +436 901 027 83 35
- Foundation: 2025
- Services: Forex/CFD trading
- License: No
- Initial Deposit: $150
From Sign-Up to Payout
The introduction to the official Kanyon Trading SCS website was a real disappointment. No, its pages are designed quite attractively, with a strict black background and bright key content blocks, control elements, and images. However, the content and functionality of the pages were disappointing.
First of all, there are only five thematic pages on the site, including the homepage. We believe this is completely insufficient to provide even a superficial understanding of the broker’s operations, offerings, and features. Especially when these pages resemble meager, amateurish creations that are called “pages” on kanyontradingscs.com.
- The only thing available in the Markets section is a list of available markets with a description of each in one or two sentences. There is no mention of trading instruments, let alone contract specifications. The economic calendar placed here can hardly be considered a full replacement for this important information.
- In terms of documents regulating the relationship between the broker and the trader, the site only offers the User Agreement and Refund Policy. Other documents that have become industry standards, such as Privacy, KYC, AML Policies, and risk warnings, are considered unnecessary by the broker. However, it’s unclear why they require client data verification if mandatory verification is not specified in the documents.
- Kanyon Trading SCS also fails to provide information about its registration, licensing, payment details, financial reports, etc. In short, the company tries to provide minimal data about itself, clearly hiding something. But what could be so concerning for an honest broker?
The non-trading operations are especially interesting. In the Refund Policy, the company promises users a variety of payment methods. In reality, the only method available in the Personal Account is topping up via debit/credit bank cards. Moreover, transactions are processed through the intermediary Unicorn Group, which mysteriously increases the amounts of transfers. For example, to send $150 to the broker’s deposit, you need to transfer €220 through the intermediary. The sender pays the VISA/MasterCard processing fee separately.
More than 50% of the deposit amount is quite a good profit. We are sure that part of it goes to the broker. Otherwise, it’s hard to believe in such fees.
Our Trading Experience With Kanyon Trading SCS
The company said almost nothing about its trading platform on the website. The only thing visitors can learn is that it allows them to trade from any device and from any location. In short, the company left the matter with meaningless phrases. It’s hard for us to imagine how bad the terminal must be if the broker doesn’t even praise it.
However, not everything about this software is so bleak. It looks decent, built on a TradingView chart widget, and allows for a relatively good interface customization. Moreover, it even offers a multi-chart mode and allows you to set up opening and closing positions, if not with one click, then with a minimal number of actions.
However, this web application also has quite a few drawbacks:
- Selecting the required symbol takes a lot of time, and the Favorites list is not saved after the session ends.
- There are only 5 available timeframes in the list, and some popular ones, such as M15 and H4, are excluded.
- In the terminal (the widget where the user creates an order), contract data can only be partially viewed. At the same time, something strange happens with the spreads. For example, for EURUSD, the spread is shown as 2.00 pips, but below, on the Buy/Sell buttons, the current Bid/Ask prices are displayed, and the difference between them is much smaller (at the time of writing this review, 0.8-0.9 pips). Which values should you trust?
- There is no documentation for the software, and the broker also doesn’t mention the availability of an API. Therefore, automated trading will not be possible for traders.
Actually, we didn’t expect miracles from a platform offered by a scam broker. By the way, the use of a trading terminal with numerous flaws is further evidence that Kanyon Trading SCS is a fraudulent project operating without company registration. Otherwise, it would have been able to purchase popular software like MetaTrader or cTrader, which is far superior to the program we encountered.
Getting familiar with the broker’s trading conditions is also not an easy task. We already mentioned that there are no contract specifications on the official website of the platform. Visitors will see very little information in the account types table as well.
The broker offers three account types:
- Newbie with a deposit from $150.
- With Experience with a deposit from $1,000.
- Professional with a deposit from $10,000.
All accounts offer leverage up to 1:100 on financial markets and 1:1 for cryptocurrency trading. This is where the list of trading conditions ends on the company’s website.
Visitors will not find information about spreads, swaps, or trading commissions. In fact, they have no way to assess trading costs or decide if it’s worthwhile to deal with Kanyon Trading SCS. More information can only be obtained by registered users within the trading terminal. However, even there, they will only find spread sizes (which we mentioned earlier) and swap rates. Other trade characteristics are not even shown in the trading instrument information.
In short, potential clients have to register without having almost any understanding of the trading conditions on the platform. After creating an account, they get more information, but some parameters will still need to be figured out during actual trading, since the broker does not offer demo accounts. The logical question arises — should one trust a company that does not show complete data even to registered users?
The Reality Check
Kanyon Trading SCS does not publish its registration details. Instead, the broker shows an office address in Vienna (Austria) and Austrian phone numbers for customer support. However, a search in the Austrian business registry yielded no results.
A company with this name does exist in the Luxembourg business registry. It was registered in August 2021 and is still operational. Its main business activities are financial services, trust and fund management, and operations with similar financial companies.
The company has its own official website http://kanyontrading.com/, where it claims to specialize in trading exchange commodities, primarily grains and other products, as well as metals. Its area of interest includes African countries and Turkey. This doesn’t seem to resemble the activities of a broker in the Forex/CFD market. Furthermore, it does not have a license from the local financial regulator, CSSF, nor has it received similar authorizations from other European regulators.
For your information! In the User Agreement, there is a section mentioning dispute resolution in accordance with the laws and courts of the Republic of Vanuatu. Naturally, the broker is not registered in this country either. We are sure this mention is irrelevant to them and that the text was carried over from a previous scam project created by the same team. The fact is, we have encountered this Agreement before, and no changes have been made to it. For example, a copy of it is also found on the scam platform Domking Capital LTD.
Thus, Kanyon Trading SCS is a fake broker that lacks:
- Official registration.
- Brokerage/dealer license.
- The ability to open corporate bank accounts and cards.
- Contracts with providers of electronic trading systems (e.g., Reuters) for quote data.
- Conditions for organizing full-scale trading on the Forex/CFD market.
Everything that traders see in the terminal is nothing more than an imitation. Naturally, the scammers have already appropriated the clients’ funds and have no intention of returning them.
How Long Has Kanyon Trading SCS Been in the Game?
The broker was also unwilling to share any historical information. However, its content managers forgot to check the texts they posted on the About page. As a result, we learned that this is yet another (like Domking Capital LTD, which we already mentioned, the same text is posted) broker created in 2015 and began operating internationally in 2017. It’s clear that this is all just a scammer’s legend.
The actual registration date of the platform’s domain can be found through a whois service. We are interested in the domain registration date.
We see that the working domain kanyontradingscs.com was created on January 23, 2025. Therefore, the broker has been online for only about a month and a half. This is clear confirmation of the scammer’s legend being fabricated.
In this context, the statistics published by the fake company look utterly fake. Just take a look at one figure — the number of registered clients. According to the project owners, there are over 100,000 clients. This means their employees must process more than 1,000 registrations daily. Do you believe this? We don’t.
Extra Fraud Indicators
There are currently almost no Kanyon Trading SCS reviews online. This is not surprising, considering how short the platform’s existence has been. However, it would be incorrect to say that the trading community is unaware of this fraudulent company.
Several posts have already appeared on social media, in which the authors lavish praise on the broker. The content clearly indicates that these articles and videos are commissioned. It seems that the fake company decided to create a positive image for itself and is not sparing any money in the process.
However, it is unlikely that they will simply solve this problem. Experts from some thematic portals have also not ignored this new scam project. Naturally, their comments list all the red flags, and the conclusion is quite clear: the platform is a scam, and depositing funds is not recommended.
Is Kanyon Trading SCS the Right Fit?
To make the right decision and NOT hand over your money to scammers, you don’t need to think long. Our Kanyon Trading SCS review clearly states — a non-existent company, using someone else’s name, without registration or licensing, cannot be considered a broker. Can a platform that created a legend that failed verification and does not show complete conditions even to registered clients be trusted? We believe that taking the risk is not worth it. It’s better to choose another, real, and of course, licensed company.
Scammers at Kanyon Trading SCS clearly don’t care about clients’ problems and interests. The platform is only set up to receive funds, and when you try to withdraw your own deposit (forget about profits), they start making up excuses to deny your request. I am shocked by everything that’s happening. I’ve contacted professional lawyers and the regulator, but so far, there has been no progress. And the scammers continue to deceive traders.
These scammers hide trading conditions for a reason! I thought I would find out about trading opportunities individually and then make a decision. However, these scammers are only interested in getting more and more money from you. They even convinced me of the benefits of investing… And now, there is nothing left. The “manager” at Kanyon Trading lost everything. Support says no violations were detected, and the decisions were made by me. So, I ended up being a fool, and I opened an order that caused me to lose my deposit!