Risk Warning
A high level of risk is involved in the process of trading leveraged products such as Forex/CFDs. 79.23% of retail investor accounts lose money when trading CFDs with this provider. You should not risk more than you can afford to lose, you may lose the entire amount of your account balance. You should not trade or invest unless you fully understand the true extent of your exposure to the risk of loss. Establishing your Investment objectives, understanding of risk and trading experience is key to maintaining a good trading experience. Losing more than your initial investment is highly possible, so do not invest money you cannot afford to lose.
Kato Prime Information
Kato Prime is an unregulated brokerage firm registered in Hong Kong. It claims to offer cryptocurrencies, ctocks & ETFs, and CFD trading with leverage up to 1:3003 and only $15 minimum deposit requirement via the MT4 and MT5 trading platforms.
Pros & Cons
Kato Prime offers competitive trading conditions with several advantages and disadvantages. One of the main advantages of Kato Prime is that it provides multiple account types and the minimum deposit requirement is just $15. Additionally, Kato Prime provides access to several popular trading platforms, including MetaTrader 4 and 5.
However, the broker has notable limitations. The range of trading instruments is relatively narrow, and educational resources are limited, which may hinder less experienced traders. Additionally, Kato Prime lacks social trading and copy trading features, which could be a drawback for those seeking collaborative or automated trading strategies. The availability of trading tools and features is also somewhat restricted, and the broker's services are not allowed for residents of certain countries, including but not limited to Australia, Belgium, France, Iran, Japan, North Korea, and the USA.
Is Kato Prime Legit？
Kato Prime asserts that it safeguards client funds by holding them in segregated trust accounts with international banks, which is a positive indicator of its commitment to financial security.
However, the absence of valid regulatory oversight raises significant concerns. Without credible regulatory authorization or oversight, it is challenging to verify the firm's adherence to industry standards and investor protection measures.
While segregated accounts can help in protecting client funds from misuse, the lack of regulation means that there are no formal checks or balances in place to ensure the firm's operational integrity. Potential investors should exercise caution and thoroughly evaluate the risks before engaging with Kato Prime.
Market Intruments
Kato Prime offers cryptocurrencies, stocks and exchange-traded funds (ETFs), and contracts for difference (CFDs).
Cryptocurrencies, a relatively new asset class, have gained immense popularity in recent years, and this broker provides access to various cryptocurrencies, such as Bitcoin, Ethereum, and Litecoin, which can be traded on their platform.
Stocks and ETFs are popular traditional investment vehicles that provide traders with exposure to a variety of companies and sectors.
CFDs are a type of derivative product that allow traders to speculate on the price movements of various assets without actually owning them
Account Types
Kato Prime has established a multi-tiered account structure.
K's Advanced Account is the ideal option for novice traders seeking a straightforward and easy-to-use trading experience. With a low minimum deposit requirement of $15, traders can enjoy access to a broad range of trading instruments, basic trading tools and educational resources.
For more experienced traders looking for advanced trading features and tools, the K's Raw Premium Account is the perfect choice. This account offers lower spreads and faster trade execution, as well as access to more sophisticated trading tools and platforms. With a minimum deposit requirement of $50, traders can take advantage of the advanced features and tools available to help them make more informed trading decisions.
At the top of the account structure is K's Raw Platinum Account, which has been specifically designed for professional traders and investors seeking a highly customized and personalized trading experience. With a minimum deposit requirement of $3,000, this account offers the lowest spreads and fastest trade execution, as well as access to advanced trading tools and platforms, dedicated account managers, and a range of exclusive services and benefits designed to meet the unique needs and preferences of professional traders.
Leverage
According to the Kato Prime website, they offer leverage of up to 1:3003. This means that clients can trade with up to 3003 times the amount of their initial investment, which can magnify both profits and losses.
It's important to understand that trading with high leverage carries a higher risk of loss, and traders should have a clear understanding of the potential risks and rewards before using leverage in their trades. Traders should also ensure they have sufficient knowledge and experience in trading and risk management before trading with leverage.
Kato Prime may also have specific margin requirements and rules for using leverage, so it's important to review their terms and conditions and seek professional advice if necessary.
Spreads & Commissions
Based on the information available on the Kato Prime website, the spreads charged by the broker are not specified. However, they do charge trading commissions for their Premium and Platinum account types, $7 commission free per lot, while there is no commission for the Advanced account.
It's important to note that trading costs can impact overall profitability, and traders should consider both spreads and commissions when evaluating the cost of trading with a particular broker. Additionally, Kato Prime may have additional fees or charges for other services, such as deposits, withdrawals, or inactivity, so it's important to review their terms and conditions and fee schedule carefully.
Trading Platform
Kato Prime offers two popular trading platforms for their clients, MetaTrader 4 (MT4) and MetaTrader 5 (MT5). These platforms are widely used in the forex and CFD trading industry and offer a variety of trading tools and features to support traders in their trading activities.
The MT4 platform is a popular choice for forex traders and offers advanced charting tools, a wide range of technical indicators, and the ability to automate trading strategies using Expert Advisors (EAs). It also allows traders to execute trades with one-click, manage multiple orders and positions, and access real-time news and analysis.
The MT5 platform is a more advanced version of the MT4 and offers additional features such as more advanced charting capabilities, an economic calendar, and the ability to trade a wider range of financial instruments including stocks, commodities, and futures.
Both platforms are available for desktop and mobile devices and can be accessed with a single login.
Deposit & Withdrawal
Kato Prime supports several deposit and withdrawal methods for its clients, including PayVersa, AwePay, FasaPay, and Credit/Debit Cards. Here are some details about each method:
- PayVersa: This is an e-wallet payment method that allows for instant deposits and withdrawals. The minimum deposit amount is $100, and there are no deposit fees.
- AwePay: AwePay is a payment gateway that allows for deposits via bank transfers and credit/debit cards. The minimum deposit amount is $100, and there are no deposit fees.
- FasaPay: FasaPay is an e-wallet payment method that allows for deposits and withdrawals in multiple currencies. The minimum deposit amount is $50, and there are no deposit fees.
- Credit/Debit Cards: Kato Prime accepts Visa and Mastercard for deposits and withdrawals. The minimum deposit amount is $100, and there are no deposit fees. Withdrawals via credit/debit cards may take up to 3-5 business days to process.
It's important to note that while Kato Prime may not charge deposit fees, there may be fees associated with the payment method used, so traders should check with their payment provider to understand any potential fees.
Customer Support
24/7 support
Live chat, Telegram, WhatsApp
Contact form, Facebook, Instagram
Phone: +85 223618699
Email: support@katoprime.com
Registered address: The registered address is at 9/F, Amtel Building, 148 Des Voeux Road Central, Central, Hongkong
Office location: Flat 7 15/F Ho King Commercial Centre 2-16 FA Yuen Street Mong Kok Kowloon Hong Kong
Q&A
Is Kato Prime safe to trade？
No. It currently has no valid regulations. Trading with them has risks.
Does Kato Prime offer demo accounts？
Yes.
Is Kato Prime a good forex broker for beginners？
No. We don't advise any traders trade with unregulated brokers.
Are there any regional restrictions on Kato Prime？
Yes. It does not offer services to residents of certain countries, including but not limited to Australia, Belgium, France, Iran, Japan, North Korea, and the USA.
2024-06-27 17:31
