KLMFX --Overview of Minimum Deposit, Spreads & Leverage
Abstract：KLMFX is a forex and financial markets broker registered to OG Group LP. KLMFX was established in 2015 and claims to be one of the largest brokers out there, with over 1,200 employees and trusty liquidity providers including Barclays, HSBC and Citi Bank. The firm is registered in Edinburgh, Scotland but has its head office in Bahrain. It therefore markets itself to Middle Eastern traders and the site includes language functionality in Arabic and the option to open Islamic trading accounts
BASIC INFORMATION:
KLMFX is a forex and financial markets broker registered to OG Group LP. KLMFX was established in 2015 and claims to be one of the largest brokers out there, with over 1,200 employees and trusty liquidity providers including Barclays, HSBC and Citi Bank.
The firm is registered in Edinburgh, Scotland but has its head office in Bahrain. It therefore markets itself to Middle Eastern traders and the site includes language functionality in Arabic and the option to open Islamic trading accounts
REGULATORY INFROMATION: LICENSE
No valid regulatory information
Please be aware of the risk!
MARKETS
Products available at KLMFX include:
· Energies such as oil and gas
· Metals like gold, silver and platinum
· Agricultural products including coffee, corn and wheat
· Forex including majors, minors and exotics
· Leading European and Asian indices
· Stocks such as Amazon and Fiat
SPREADS & COMMISSION
KLMFX offers fixed spreads starting at 1.5 pips on liquid pairs such as EUR/USD, ranging all the way up to 650 pips on the EUR/HUF. Commodity spreads are variable depending on the asset. Gold comes in at a fixed spread of 0.45 while crude oil is 0.03 and corn is 0.32.
LEVERAGE
KLMFX promises leverages of up to 1:800 which can be accessed through its Platinum account. If you‘re not willing to invest the $20,000 that affords you this benefit, leverage on most forex pairs is 1:500. If you’re looking to trade in commodities or indices, you‘ll be looking at leverage of 1:100. And if stock trading is where you’re keen to invest, KLMFX offers this at 1:10.
ACCOUNT TYPES
There are three different account types available – Silver, Gold or Platinum.
All accounts benefit from:
· 24/7 support
· Daily market analysis
· A minimum order size of 0.01
· Dedicated account manager
· Training courses
PAYMENT METHODS
KLM accepts payments via:
· Visa
· Mastercard
· Diners Club
· Neteller
· Cash U
· Skrill
You can also deposit via YuuCollect and SolidPayments, both systems that enable you to make transactions online without a bank account.
The minimum deposits and withdrawals are $250 and payments are processed promptly on the brokers side
DEMO ACCOUNT
There is a demo account available at KLMFX. Follow the quick and easy sign-up instructions on the website to get access to simulated trading markets with a virtual bankroll.
TRADING PLATFORMS
Meta Trader 5
TRADING HOURS
Like most brokers, KLMFX is available for business as soon as the markets open.
The currency market opens Sundays 22:00 GMT and you can trade 24 hours a day until Friday 21:00 GMT. For commodities, goods or other assets, trading hours vary.
CUSTOMER SUPPORT
Support is available to customers through several channels:
· Live chat
· Email address
· Zoom
ACCEPTED COUNTRIES
KLMFX accepts traders from Australia, Thailand, Canada, United States, United Kingdom, South Africa, Singapore, Hong Kong, India, France, Germany, Norway, Sweden, Italy, Denmark, United Arab Emirates, Saudi Arabia, Kuwait, Luxembourg, Qatar and most other countries
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