KFCP Spreads, leverage, minimum deposit Revealed

WikiFX | 2024-12-25 17:55

Abstract：KFCP is an unregulated UK-based broker, offering trading in stocks, CFDs, futures, currencies, indices, cryptos, and commodities with leverage up to 1:400 and wide spreads via a web-based platform.

　　Note: KFCP' official website - https://kfccglobal.com is currently inaccessible normally.

KFCP Review Summary
Founded	/
Registered Country/Region	United Kingdom
Regulation	Unregulated
Market Instruments	Stocks, CFDs, futures, currencies, indices, cryptos, commodities
Demo Account	✅($100,000 in virtual capital)
Leverage	1:400
EUR/USD Spread	2.7 pips
Trading Platform	Web-based
Min Deposit	/
Customer Support	Email: info@kfcpfx.email

　　KFCP is an unregulated UK-based broker, offering trading in stocks, CFDs, futures, currencies, indices, cryptos, and commodities with leverage up to 1:400 and wide spreads via a web-based platform.

Pros and Cons

Pros	Cons
Many tradable products	Falsely claims registration in the UK
Demo accounts	Unregulated
	FCA warning
	High spreads set
	Only accept crypto payments
	Only email support

Is KFCP Legit?

　　According to FCA, it confirmed that KFCP is not authorised by them. Therefore, it is not a regulated broker. On the website of WikiFX, it is listed as “Regulatory blacklist”. Besides, as of now, their official website is not available. It is not a legit broker!

What Can I Trade on KFCP?

Tradable Instruments	Supported
Currencies	✔
CFDs	✔
Commodities	✔
Indices	✔
Stocks	✔
Cryptos	✔
Futures	✔
Bonds	❌
Options	❌
ETFs	❌

Account Type

　　Apart from demo accounts with $100,000 in virtual capital, KFCP also offers three live account types, including Comprehensive, Finance, and Financial STP accounts.

Leverage

　　KFCP offers leverage up to 1:400. It is important to keep in mind that the greater the leverage, the greater the risk of losing your deposited capital. The use of leverage can both work in your favour and against you.

Spread

　　KFCP offers spreads of 2.7 pips for EURUSD, 2.5 pips for GBPUSD, and 3.5 pips for USDJPY. These spreads are notably higher than those offered by well-established forex brokers, which typically provide tighter spreads averaging around 1.5 pips.

Currency Pair	Spread
EURUSD	2.7 pips
GBPUSD	2.5 pips
USDJPY	3.5 pips

Trading Platform

Trading Platform	Supported	Available Devices	Suitable for
Web-based	✔	Windows, iPhone, Android	/
MT4	❌	/	Beginners
MT5	❌	/	Experienced traders