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Kite Forex -

Score

1.29 /10
Danger

Kite Forex

Australia

2-5 years

Suspicious Regulatory License

High potential risk

https://kiteforex.com

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Score

Regulatory Index0.00

Business Index5.34

Risk Management Index0.00

Software Index4.00

License Index0.00

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Licenses

No valid regulatory information, please be aware of the risk

VPS Standard
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1G

40G

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Broker Information

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Company Name

Kite Forex

Company Abbreviation

Kite Forex

Platform registered country and region

Australia

Company website

Company summary

Pyramid scheme complaint

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Warning: Low score, please stay away! 2
Previous Detection : 2024-11-11
  • It has been verified that this broker currently has no valid regulation. Please be aware of the risk!
  • The current information shows that this broker does not have a trading software. Please be aware!

WikiFX Verification

Kite Forex · Company summary
Kite ForexReview Summary
Founded2021
Registered Country/RegionAustralia
RegulationNot regulated
Market InstrumentsForex, Metals, Energies and Indices
Demo Account✅
LeverageUp to 1:400
SpreadFrom 3 pips (Mini account)
Trading PlatformMT5, Multi Terminal
Min Deposit$10
Customer SupportPhone: 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.

Kite Forex's homepage

Pros and Cons

Pros Cons
Various trading assetsWide spreads
Demo accounts offeredNot regulated
Popular trading platform MT5Lack 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.

No license

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 TypeMin Deposit
Mini$10-$1000
Premium$5000+
ECN Pro$1000+
ECN Pro+Commission$1000+
Account comparison

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 PlatformSupported Available Devices Suitable for
MT4❌/Beginners
MT5✔Windows, Android and IOSExperienced traders
Multi Terminal✔WebExperienced traders

Deposit and Withdrawal

Payment MethodFeeProcessing Time
Neteller❌Instant
Skrill
WebMoney
Perfect Money
Visa and Maestro
Bank Wire Transfer1 business day
Local Transfer
Local Transfers For DUBAI, UAE, ASIA, EUROPE

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Comments

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FX2732170097
0-3months
The KiteForex Brokers Review is a great website that provided me with insightful information about Forex Trading by incorporating a list of the top brokers in the world, it gave me an idea of where i should make trades. The use of Forex Education is fantastic as it helped me gain a better understanding of various aspects related to the Forex Trading, which allowed me to make my decision of which broker to trade with. I highly recommend using this website.
The KiteForex Brokers Review is a great website that provided me with insightful information about Forex Trading by incorporating a list of the top brokers in the world, it gave me an idea of where i should make trades. The use of Forex Education is fantastic as it helped me gain a better understanding of various aspects related to the Forex Trading, which allowed me to make my decision of which broker to trade with. I highly recommend using this website.
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2024-09-17 19:09
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Giacomo Y
more than one year
Kubera Global is a good option if you prioritize low fees and a simple platform.
Kubera Global is a good option if you prioritize low fees and a simple platform.
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2024-07-11 10:06
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