K A.
Too many red flags
Had a meeting with their representative. They want every deposit in crypto and mentioned they take enrollment fees of 20000$ and the platform for trading is outside the country. Too many red flags. Platform out of country, deal in crypto only for deposits and too much enrollment fees means they want to make money upfront as people will not use their platform for long as it will not make them money. Just editing it to add my reply to their response-"Regarding payment methods, we accept multiple payment options, not just cryptocurrency. While some clients prefer crypto for its efficiency, it is by no means the only option."- the agent was very clear that they only use crypto USD to fund the account and told me that many people find it as a big hurdle to get across it. "As for the enrollment fee, it varies based on the packages we offer, and we are always transparent about these costs."- the agent was very clear that the cost would be 20K US dollars and after one month it is non-refundable if you decide to not go ahead with their product.
Response from KorvatoOct 15, 2024
Thank you for taking the time to share your concerns. We appreciate your feedback and would like to clarify a few important points. Korvato is not a broker; we are a software company that provides AI-driven trading algorithms designed to work with a variety of brokers. You are free to use any broker that has the technology to support our algorithm and fits your convenience. We do not dictate where you should open an account or how you should manage your funds. Regarding payment methods, we accept multiple payment options, not just cryptocurrency. While some clients prefer crypto for its efficiency, it is by no means the only option. We are here to work with you to find the most convenient method for you. As for the enrollment fee, it varies based on the packages we offer, and we are always transparent about these costs. Our goal is to provide long-term value through our software’s performance, and we offer guarantees that ensure clients see returns over time. If you'd like more details or assistance setting up a broker of your choice, we would be more than happy to schedule a call to help you. We understand that trading can raise many questions, so we are here to address any concerns you have directly. Feel free to reach out to us at any time.