KDFX Spreads, leverage, minimum deposit Revealed

WikiFX | 2021-11-17 18:25

Abstract：KDFX is a trading name of KDFX COMPANY LIMITED, which is registered in St. Vincent and the Grenadines. They say to be licensed by the local Financial Services Authority (FSA). That, however, is misleading as the FSA of St. Vincent and the Grenadines simply does not issue licenses to forex and CFD brokers. so it is unsafe to trade with this broker.

　　General Information & Regulation

　　KDFX is a trading name of KDFX COMPANY LIMITED, which is registered in St. Vincent and the Grenadines. They say to be licensed by the local Financial Services Authority (FSA). That, however, is misleading as the FSA of St. Vincent and the Grenadines simply does not issue licenses to forex and CFD brokers. so it is unsafe to trade with this broker.

　　 Market Instruments

　　Tradable instruments available on the KDFX platform include forex currency pairs, stocks, Gold, CFDs.

　　Minimum Deposit

　　In terms of minimum initial deposit, for a Standard Account you will have to invest at least 2000 USD, while for a VIP Account the minimum deposit is 10 000 USD. This requirement by KDFX is far too high, especially for this unregulated broker.

　　Leverage

　　Leverage of up to 1:1000, as offered by KDFX is basically as high as it can get. It surely fits even the most aggressive trading style, but our advise is to use leverage with caution as it is associated with higher risk

　　 Spreads & Commissions

　　Spreads as advertised on the KDFX website seem quite attractive. Even with their Mini Account spreads are said to start at just 0,6 pips, without a commission on the trade. With the Standard Account spreads are even better – starting form 0,3 pips, again without a commission. For the premium VIP Account spreads are advertised to start at 0,3 pips as well, but this time with a commission of 3 USD per lot.

　　Trading Platform Available

　　KDFX supports MetaTrade4 and this is good news. The platform is well known to most traders. It features a variety of charting tolls and market indicators, as well as the option to run automated trading sessions, using specially designed trading robots, which are also easily customizable.

　　 Deposit & Withdrawal

　　You can fund your account at KDFX with major credit cards like VISA, MasterCard, JCB and American Express, bank wire and Union Pay.

　　 Customer Service

　　Traders can chat with KDFX through the email ( admin@secure.kdfx.org), as well as Line (ID:@kdfx), or directly visiting this brokers office.