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Score
Australia
2-5 yearsSuspicious Regulatory License
Suspicious Scope of Business
High potential risk
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Score
Regulatory Index0.00
Business Index5.44
Risk Management Index0.00
Software Index4.00
License Index0.00
No valid regulatory information, please be aware of the risk
Single Core
1G
40G
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Company Name
Kite Forex
Company Abbreviation
Kite Forex
Platform registered country and region
Australia
Company website
Company summary
Pyramid scheme complaint
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Kite ForexReview Summary | |
Founded | 2021 |
Registered Country/Region | Australia |
Regulation | Not regulated |
Market Instruments | Forex, Metals, Energies and Indices |
Demo Account | ✅ |
Leverage | Up to 1:400 |
Spread | From 3 pips (Mini account) |
Trading Platform | MT5, Multi Terminal |
Min Deposit | $10 |
Customer Support | Phone: support@kiteforex.com |
Skype: support@kiteforex | |
Phone: +1 7252570245 | |
Address: KiteForex Ground Floor 60,Hindmarsh Square Adelaide, SA 5000, Australia |
Kite Forex was registered in Australia in 2021. It provides various trading assets, including Forex, Metals, Energies and Indices with leverage up to 1:400 and from up to 3 pips on the Mini account via the MT5 and Multi Terminal platforms. However, currently it is not regulated.
Pros | Cons |
Various trading assets | Wide spreads |
Demo accounts offered | Not regulated |
Popular trading platform MT5 | Lack of transparency |
Low minimum deposit |
Kite Forex is not regulated by any financial authorities. It means that it doesn't need to obey the rules of any regulations. Traders should be cautious when trading.
Tradable Instruments | Supported |
Forex | ✔ |
Metals | ✔ |
Energies | ✔ |
Indices | ✔ |
Cryptos | ❌ |
Stocks | ❌ |
Options | ❌ |
Kite Forex offers four account types: Mini, Premium, ECN Pro and ECN Pro+Commission, and it also offers demo accounts.
Account Type | Min Deposit |
Mini | $10-$1000 |
Premium | $5000+ |
ECN Pro | $1000+ |
ECN Pro+Commission | $1000+ |
Kite Forex's maximum leverage is up to 1:400 for the Mini account. And the other accounts hold the same maximum leverage of 1:200. Note that high leverage can bring high gains and losses.
The spread of Kite Forex varies by the accounts. The Mini account's spread is from up to 3 pips, the Premium account is from up to 2 pip, the ECN Pro and ECN Pro+Commission accounts are from up to 1 pip. Besides, only the ECN Pro+Commission account needs a commission of $8/lot, while other account types are free of commission.
Trading Platform | Supported | Available Devices | Suitable for |
MT4 | ❌ | / | Beginners |
MT5 | ✔ | Windows, Android and IOS | Experienced traders |
Multi Terminal | ✔ | Web | Experienced traders |
Payment Method | Fee | Processing Time |
Neteller | ❌ | Instant |
Skrill | ||
WebMoney | ||
Perfect Money | ||
Visa and Maestro | ||
Bank Wire Transfer | 1 business day | |
Local Transfer | ||
Local Transfers For DUBAI, UAE, ASIA, EUROPE |
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