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
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.
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.
With a low minimum deposit requirement of $15, traders can open the K's Advanced Account, and trade without commissions.
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 platformsent 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,.
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.
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.
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.
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.
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
