Kite Forex
Abstract：Kite Forex was registered in Australia in 2021. It provides various trading assets, including Forex, Metals, Energies and Indices with leverage up to 1:400 and from up to 3 pips on the Mini account via the MT5 and Multi Terminal platforms. However, currently it is not regulated.
| Kite ForexReview Summary | |
| Founded | 2021 |
| Registered Country/Region | Australia |
| Regulation | Not regulated |
| Market Instruments | Forex, Metals, Energies and Indices |
| Demo Account | ✅ |
| Leverage | Up to 1:400 |
| Spread | From 3 pips (Mini account) |
| Trading Platform | MT5, Multi Terminal |
| Min Deposit | $10 |
| Customer Support | Phone: support@kiteforex.com |
| Skype: support@kiteforex | |
| Phone: +1 7252570245 | |
| Address: KiteForex Ground Floor 60,Hindmarsh Square Adelaide, SA 5000, Australia | |
Kite Forex was registered in Australia in 2021. It provides various trading assets, including Forex, Metals, Energies and Indices with leverage up to 1:400 and from up to 3 pips on the Mini account via the MT5 and Multi Terminal platforms. However, currently it is not regulated.
Pros and Cons
| Pros | Cons |
| Various trading assets | Wide spreads |
| Demo accounts offered | Not regulated |
| Popular trading platform MT5 | Lack of transparency |
| Low minimum deposit |
Is Kite Forex Legit?
Kite Forex is not regulated by any financial authorities. It means that it doesn't need to obey the rules of any regulations. Traders should be cautious when trading.
What Can I Trade on Kite Forex?
| Tradable Instruments | Supported |
| Forex | ✔ |
| Metals | ✔ |
| Energies | ✔ |
| Indices | ✔ |
| Cryptos | ❌ |
| Stocks | ❌ |
| Options | ❌ |
Account Type
Kite Forex offers four account types: Mini, Premium, ECN Pro and ECN Pro+Commission, and it also offers demo accounts.
| Account Type | Min Deposit |
| Mini | $10-$1000 |
| Premium | $5000+ |
| ECN Pro | $1000+ |
| ECN Pro+Commission | $1000+ |
Leverage
Kite Forex's maximum leverage is up to 1:400 for the Mini account. And the other accounts hold the same maximum leverage of 1:200. Note that high leverage can bring high gains and losses.
Spreads and Commissions
The spread of Kite Forex varies by the accounts. The Mini account's spread is from up to 3 pips, the Premium account is from up to 2 pip, the ECN Pro and ECN Pro+Commission accounts are from up to 1 pip. Besides, only the ECN Pro+Commission account needs a commission of $8/lot, while other account types are free of commission.
Trading Platform
| Trading Platform | Supported | Available Devices | Suitable for |
| MT4 | ❌ | / | Beginners |
| MT5 | ✔ | Windows, Android and IOS | Experienced traders |
| Multi Terminal | ✔ | Web | Experienced traders |
Deposit and Withdrawal
| Payment Method | Fee | Processing Time |
| Neteller | ❌ | Instant |
| Skrill | ||
| WebMoney | ||
| Perfect Money | ||
| Visa and Maestro | ||
| Bank Wire Transfer | 1 business day | |
| Local Transfer | ||
| Local Transfers For DUBAI, UAE, ASIA, EUROPE |
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