Kron Financial Forex Scam: Collateral Promises

Kron Financial is a platform that presents itself as a brokerage "specialising in leveraged trading and futures, serving more than 170 countries". Besides forex and stock trading, the site also promises letters of credit and collateral "for a small fee" without checking credit scores.

🚩 What Method Does Kron Financial Use?

The site puts two separate promises forward: a trading platform for leveraged trading, and a "letter of credit / collateral" service independent of any bank relationship. The promise of collateral against an upfront fee, with no credit score check, is a method frequently seen in fake letter of guaranteeTR schemes.

🔍 Information Identified

The platform's domain is kron.financial, registered on 21 June 2022. Only the address [email protected] is given for contact. In our technical review, Kron Financial's email traffic was found to run through the same email server as Pers Yatırım, Paragon Yatırım and Worest Capital.

⚖️ SPK Authorisation and the Legal Position

Kron Financial has no authorisation for capital markets activity in Türkiye; authorised institutions can be verified from the SPK list. Schemes of this kind are treated under the provisions on qualified fraudTR in the Turkish Penal Code.

🔗 Other Platforms Using the Same Infrastructure

We have also covered before other platforms operating on the same server infrastructure.

🧭 The Legal Process for Victims

The process begins with a criminal complaint; the routes for getting a refund from a foreign firm are assessed separately to claim the money back. For detailed information and legal support, you can contact Savun Law & Consultancy.

❓ Frequently Asked Questions