Kodin Markets-Overview of Minimum Deposit, Spreads & Leverage

General Information

Kodin Markets claims to be a broker licensed in St. Vincent and the Grenadines and to strictly abide by all local regulatory standards. The problem here is that on St. Vincent and the Grenadines there are no regulatory standards governing the forex industry.

Market Instruments

To its clients, Kodin Markets offers trading in forex, CFD, metals, indices and commodities.

Accounts

Kodin Markets offers 4 different accounts – ECN, Pro, VIP and Islamic. To open an account is a straightforward procedure. You register by entering your name, phone number, email address.

Leverage

Kodin Markets offers leverage as high as 1:500. Please take a moment and compare these leverages with the leverages that registered and regulated brokers in EU and US can have. In Europe, legitimate brokers cannot exceed a leverage higher than 1:30 and in the US, higher than 1:50.

Trading Platforms

Kodin Markets offers the latest edition of the MetaQuotes family – MteaTrader5. As it is an unregulated, offshore broker, however, we would better suggest that you deal with regulated brokers.

Deposit & Withdrawal

To fund your account, you have a variety of choices – Neteller, Skrill, Giropay, American Express, JCB, Payeer, WebMoney, Visa/MasterCard to name a few. Most of the deposits are instant an there is no fee. The same methods apply for withdrawal and again the processing time for most methods is instant or up to 2 hours.

Risk Warning

As of now, the website of Kodin Markets (https://kodinmarkets.com/en/) is not available and there is no contact information. We assume that the broker Kodin Markets might be closed or run away. Please be aware of the risk!