Kiruma Trading

What Is Kiruma Trading？

Kiruma Trading, operated by ALB Limited and registered in Malta, is a trading platform regulated by the Malta Financial Services Authority (MFSA).

Pros & Cons

Pros

• Regulated by MFSA: Kiruma Trading is regulated by the Malta Financial Services Authority (MFSA), providing traders with an added layer of security and trust in the integrity of the platform.

• Demo Accounts Available: Traders have the opportunity to explore and practice trading strategies using demo accounts, allowing them to familiarize themselves with the platform and test their trading skills risk-free.

• App Available: Kiruma Trading offers a mobile trading app, so traders can manage their trades on the go from their smartphones or tablets.

• Commission-Free: Kiruma Trading does not charge any commissions on trades, which can save a lot of money.

• Low Minimum Deposit: The platform offers a low minimum deposit requirement, making it accessible to traders with varying levels of capital.

Is Kiruma Trading Legit or a Scam？

• Regulatory Sight: Kiruma Trading is regulated by the Malta Financial Services Authority (MFSA), holding a Market Making (MM) license. The MFSA regulates and oversees the operations of Kiruma Trading to ensure compliance with financial regulations and standards. The license number for Kiruma Trading is 79767.

• User Feedback: Users should check the reviews and feedback from other clients to gain a more comprehensive sight of the broker, or look for reviews on reputable websites and forums.

• Security Measures:

1. Segregation of Funds: Client funds deposited with Kiruma Trading are fully segregated from the company's own funds and those of other clients. They are held in separate bank accounts, so they cannot be used for any other purpose.

2. Investor Compensation Scheme (ICS): Kiruma Trading, operated by ALB Limited, is a member of the Investor Compensation Scheme (ICS). This scheme acts as a rescue fund for customers of failed investment firms licensed by the Malta Financial Services Authority (MFSA). It provides compensation to clients if the firm is unable to fulfill its financial obligations.

3. Negative Balance Protection: Kiruma Trading offers negative balance protection to retail clients, ensuring that their maximum losses from trading CFDs are limited to the funds related to their CFD trading account.

Market Instruments

1. Forex: Currency pairs from major to exotic pairs, allowing traders to participate in the foreign exchange market.

2. Stocks: Shares of publicly listed companies, providing opportunities for investment in individual companies across various industries and sectors.

3. Commodities: Tradable assets such as gold, silver, oil, and agricultural products, allowing traders to speculate on price movements in commodity markets.

4. Energy: Instruments related to energy commodities such as crude oil, natural gas, and heating oil, enabling traders to capitalize on energy market trends.

5. Indices: Market indices representing a basket of stocks from a specific exchange or sector, providing exposure to broader market trends.

6. Cryptocurrencies: Digital currencies like Bitcoin, Ethereum, and Ripple, offering opportunities for trading in the volatile cryptocurrency market.

7. Baskets: Diversified portfolios or thematic baskets of assets, allowing traders to invest in multiple instruments or sectors simultaneously.

Account Types

1. Retail Customer:

1. Retail customers enjoy standard trading conditions and access to a wide range of financial instruments.

2. These accounts are designed to accommodate individual traders, regardless of their experience level, providing a user-friendly trading environment.

2. Professional Customer:

1. Eligible traders benefit from enhanced trading conditions, including lower margin requirements and access to advanced trading tools.

2. Professional accounts care for suitable traders who have a deeper understanding of the financial markets and seek more sophisticated trading strategies.

3. Institutional and Corporate Customer:

1. Institutional and corporate customers have unique requirements, such as customized trading solutions, dedicated account managers, and access to institutional-grade liquidity.

2. These accounts are tailored to meet the specific needs of larger entities engaged in trading activities on behalf of their organizations or clients.

Spread & Commission

• There are no trading commissions charged by Kiruma Trading. Instead, traders encounter spreads that reflect the price difference between buying and selling assets.

• While there are no account opening fees or transaction fees for deposits via bank transfer, credit card, or prepaid card, traders should be aware that the platform spread can widen during periods of market volatility or outside of standard trading hours.

• For detailed information on spreads, traders are advised to refer to the official Kiruma Trading website at https://www.kimuratrading.com/en/account/costs-feesfor.

Deposit & Withdrawal

Deposit Methods:

1. Bank Transfer: Initiate a SEPA bank transfer using the provided bank details.

1. Bank name: Sparkasse Bank Malta PLC

2. Beneficiary: ALB Limited

3. IBAN: MT57 SBMT 5550 5000 0100 0003 1767 000

4. BIC/SWIFT: SBMTMTMTXXX

5. Currency: Euro (EUR)

2. Credit Card: You can also use your credit card to deposit funds quickly and easily, no commission will be applied.

Withdrawal Process:

• Withdrawals can be initiated through the Customer Area.

• There is no minimum withdrawal amount.

Trading Platform

Kiruma Trading offers Kimura Trader as their trading platform.

1. Multi-Asset Platform:

1. Kimura Trader supports Forex and CFD trading across a wide range of assets, including commodities, energy, indices from America, Europe, and Asia, as well as major cryptocurrencies like Bitcoin.

2. Traders can access diverse markets from a single platform, providing flexibility and convenience.

2. Fast Entry and Execution:

1. Orders are executed swiftly, with fill times in milliseconds, ensuring prompt execution of trades.

2. Multiple orders can be filled simultaneously, without queuing, thanks to asynchronous order processing.

3. Depth of the Negotiation Book:

1. The platform displays the full range of executable prices sourced directly from liquidity providers.

2. Orders are filled against the entire order book using Volume Weighted Average Price (VWAP), enhancing transparency and liquidity.

4. Market Sentiment Indicator:

1. Kimura Trader includes a live market sentiment indicator that showcases the ratio of long versus short positions of all trades made using the platform.

2. This tool assists traders in making informed decisions regarding market entry or exit strategies.

5. Device Adaptivity:

1. Users can access the platform via the web version, desktop version (installable on Windows, Mac, or Linux), or Android version (available for mobile devices via Google Play).

Customer Support

1. Traders can reach out to Kiruma Trading's customer support team via telephone: +356 2371 6000/+39 041 868 5508.

2. For written inquiries and support requests, traders can send an email to the designated email address: info@kimuratrading.com.

3. Kiruma Trading offers a live chat feature, allowing real-time conversations with support representatives.

4. Traders can fill out a contact form available on the company's website.

5. Traders also have the option to reach out to Kiruma Trading via traditional mail or visit them in person. The provided address is Level 2 of Melita Court, Giuseppe Cali Street c/w Abate Rigord Street, TaXbiex, XBX 1420, Malta.

Conclusion

Kiruma Trading is a broker with a low minimum deposit requirement, free commission, a mobile app, several security measures applied and it provides demo accounts. It is currently regulated by MFSA. It is relatively reliable compared with those non-regulated brokers.

Frequently Asked Questions (FAQs)

Question: Is Kiruma regulated or not？

Answer: Yes. It is regulated by MFSA.

Question: Is there any transaction fee charged？

Answer: No.

Question: What is the minimum withdrawal amount？

Answer: There is no limit.

Question: Does Kiruma Trading support on-the-go trades？

Answer: Yes.

Question: Can I practice trading using a demo account？

Answer: Yes.

Risk Warning

Online trading involves significant risk, and you may lose all of your invested capital. It is not suitable for all traders or investors. Please ensure that you understand the risks involved and note that the information provided in this review may be subject to change due to the constant updating of the company's services and policies.