Abstract:Kalo Global Limited (“Kalo”) is a Japanese- registered financial derivatives trading services provider.
General Information & Regulation
Kalo Global Limited (“Kalo”) is a Japanese- registered financial derivatives trading services provider.
Market Instruments
Tradable financial instruments available on the Kalo Global Limited platform include forex pairs, precious metals, as well as binary options.
Minimum Deposit
The minimum deposit required by Kalo varies depending on particular instrument. The minimum investment for short term trading is $100, commodity and currency trading $1000.
Leverage
When it comes to trading leverage available, Kalo does not make this part clear. Since leverage can amplify gains as well as losses, inexperienced traders are not advised to use too high leverage.
Spreads & Commissions
Kalo only says that it offers low spreads but does not specify spreads on particular instrument.
Trading Platform Available
Kalo claims that it offers MT4 trading platform. When in the foreign exchange market, CFD, futures financial markets work, MT4 client terminal is to provide trade operations and technical analysis in real-time mode. All kinds of orders are allowed to conduct transactions flexible management.
Deposit & Withdrawal
Kalo support UnionPay Online banking services for traders to fund their accounts. Kalo currently support a series of banks in China for traders to withdraw their funds, including Commercial Bank of China, China Construction Bank, Agricultural Bank of China, China Merchants Bank, and more.
ICE Futures U.S. recently announced the settlement of charges against StoneX Financial Inc. related to potential violations of the Exchange Rule, which prohibits trade practices such as wash sales and prearranged trades. These charges were connected to an incident that occurred on April 27, 2023, where an employee of StoneX allegedly placed opposing buy and sell orders in the Cocoa Futures spread market.
The Labuan Financial Services Authority (LFSA) has introduced new restrictions on locally regulated forex and contracts for differences (CFDs) brokers, limiting their offerings to currency-related instruments such as spot FX and CFDs on foreign exchange.
Gold has surged to a record high of $2,625.89 an ounce, driven by trader expectations ahead of significant U.S. economic data that could signal whether last week’s 50-basis-point interest rate reduction by the Federal Reserve is the start of a series of aggressive cuts. This latest increase marks a 0.2% rise, eclipsing the previous record set just days ago.
Choosing a reliable broker is crucial for successful trading. The Financial Conduct Authority (FCA) in the UK is renowned for its stringent regulatory standards, ensuring that brokers adhere to high levels of professionalism and security. Based on WikiFX evaluations, here are the top five FCA-regulated brokers that stand out for their reliability and performance.