KirikFx Spreads, leverage, minimum deposit Revealed
WikiFX | 2024-10-22 15:50Abstract：Established in 2018, KirikFx is an unregulated brokerage company registered in Saint Vincent and the Grenadines. This firm presents plenty of investment choices with its popular MT5 platform. KirikFx offer three live trading accounts and one demo account.
| KirikFx Review Summary | |
| Founded | 2018 |
| Registered Country/Region | Saint Vincent and the Grenadines |
| Regulation | Unregulated |
| Market Instruments | Forex, spot metals, oil, indexes, commodities, cryptocurrencies |
| Demo Account | Available |
| Leverage | Up to 1:500 |
| Spread | From 1.0 pips |
| Trading Platform | MT5 |
| Min Deposit | $100 |
| Customer Support | Phone (+501 223 2144) |
| Email (support@kirikfx.com) | |
KirikFx Information
Established in 2018, KirikFx is an unregulated brokerage company registered in Saint Vincent and the Grenadines. This firm presents plenty of investment choices with its popular MT5 platform. KirikFx offer three live trading accounts and one demo account.
Pros and Cons
| Pros | Cons |
| Wide range of commodities and spot metals | Unregulated broker |
| Includes major and minor forex pairs | Complex fee structure for deposits/withdrawals |
| Supports popular cryptocurrency pairs | A limited selection of exotic currency pairs |
| Variety of deposit and withdrawal methods | Narrow range of cryptocurrencies offered |
| Withdrawal fees for certain methods | |
| Bank wire withdrawals take 3-5 business days. |
Is KirikFx legit?
KirikFx operates without regulation from any recognized financial authority.
What Can I Trade on KirikFx?
KirikFx presents assets including forex, spot metals, oil, indexes, commodities, and cryptocurrency pairs. The firm offers 28 currency pairs covering both major and minor categories.
For commodity trading, it provides several opportunities such as coffee, cocoa, corn, cotton, soybean, sugar, and sheat. Additionally, KirikFx also provides trading opportunities like Gold, Silver, and Copper.
| Tradable Instruments | Supported |
| Forex | ✔ |
| Metals | ✔ |
| Oil | ✔ |
| Indices | ✔ |
| Commodities | ✔ |
| Cryptocurrencies | ✔ |
| Stocks | ❌ |
| Futures | ❌ |
| Bonds | ❌ |
| Options | ❌ |
| Mutual Funds | ❌ |
| ETFs | ❌ |
Account Types
KirikFx provides three live trading accounts (AED(GOLD), Royal(USD-PRIME), and Royal(USD-PRO)) and one demo account.
If you invest at least $1000, you can have a spread from 1.0 pip and the maximum leverage of this account type is 1:400. The minimum deposit of all three account types is 100$. AED(GOLD) accounts give you the maximum leverage, which is 1:500.
| Account Type | Maximum Leverage | Minimum Deposit ($) | Minimum Spread |
| AED(GOLD) | 1:500 | 500 | 1.8 |
| Royal(USD-PRIME) | 1:400 | 100 | 1.8 |
| Royal(USD-PRO) | 1:400 | 1000 | 1 |
Leverage
KirikFx offers maximum leverage up to 1:500 for its AED(GOLD) accounts. For the other two Royal account types, the maximum leverage is up to 1:400.
KirikFx Fees
KirikFx provides spreads from 1.0 pips. Detailed information is as follows:
| Account types | Spreads |
| AED(GOLD) | From 1.8 pips |
| Royal(USD-PRIME) | From 1.8 pips |
| Royal(USD-PRO) | From 1.0 pips |
This firm also charges transaction fees if you choose certain types of methods. For example, you will pay 3% or $5 when you withdraw with Visa/MasterCard.
Trading Platform
MT5 (MetaTrader 5) is available with KirikFx. You can apply it on multiple devices, including Windows, MAC, Android, and IOS.
| Trading Platform | Supported | Available Devices | Suitable for |
| MT5 | ✔ | Windows, MAC, IOS, Android | Investors of all experience levels |
| MT4 | ❌ | ||
| Proprietary platform | ❌ |
Deposit and Withdrawal
KirikFx provides more than several ways to fund your account, including popular credit/debit cards like Visa/MasterCard, Neteller, Maestro, and e-payment options such as American Express, Diners Club, JCB, Skrill, as well as bank wire and Kirik Pay.
Deposit Options
| Deposit Options | Min. Deposit | Fees | Processing Time |
| Visa/MasterCard | Not mentioned | Not mentioned | 3-5 business days |
| NETELLER | Not mentioned | Not mentioned | 3-5 business days |
| Maestro | Not mentioned | Not mentioned | 3-5 business days |
| Wire transfer | Not mentioned | Not mentioned | 3-5 business days |
| Skill | Not mentioned | Not mentioned | 3-5 business days |
Withdrawal Options
| Withdrawal Options | Min. Withdrawal | Fees | Processing Time |
| Visa/MasterCard | Not mentioned | 3% fee or a $5 charge | 3-5 business days |
| NETELLER | Not mentioned | 3% fee | 3-5 business days |
| Maestro | Not mentioned | 3% fee | 3-5 business days |
| Wire transfer | Not mentioned | 0.2% fee, with a minimum of $30 | 3-5 business days |
| Skill | Not mentioned | 3% fee | 3-5 business days |
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