WikiFX Review: Is KCM Trade Legit?
Abstract：WikiFX created a comprehensive review to help you better understand this broker named MIFX. We will analyze its reliability based on specific information, regulations, etc. Let’s get into it.
In this article
WikiFX provides inquiry services in the forex field.
WikiFX evaluates the reliability of KCM Trade based on the facts.
What is WikiFX?
| WikiFX is an authoritative global inquiry platform that provides basic information and regulatory license inquiries. |
| WikiFX can evaluate the safety and reliability of more than 63,000 global forex brokers. |
| WikiFX gives you a huge advantage while seeking the best forex brokers. For more information, such as the review and exposure of brokers, please visit our website (https://www.WikiFX.com/en) |
To explore whether KCM Trade is a scammer or not, we evaluated KCM Trade from different aspects, such as regulatory status, exposure, etc.
1. Evaluate the reliability of KCM Trade based on its general information and regulatory status
To understand KCM Trade better, we explore KCM Trade by analyzing the main perspectives:
A. General Info of KCM Trade
B. Regulatory Status
C. Social Media Engagement
A. General Info of KCM Trade
About KCM Trade
KCM Trade, a trademark of Kohle Capital Markets Limited, is a trading firm that provides online brokerage services including forex, metals, energies, indices, and Stock CFDS (Shares).
Account Types
KCM Trade offers two types of trading accounts, MT5 Low spread Account and MT4 Standard Account.
Trading Platforms
MIFX offers traders access to the MetaTrader4 and MetaTrader 5 (MT5) trading platform, renowned for its robust features and advanced capabilities. It also offers KCM Trade WebTerminal.
Spreads & Commissions
The MT5 Low Spread Account boasts spreads 1.2 pips on the EUR/USD. Besides, the MT4 Standard Account offers spreads on the EUR/USD, starting from 1.6 pips.
In terms of commissions, KCM Trade does not provide detailed information on this front. It is possible that the company charges commissions on certain types of trading accounts or for certain assets, so traders should be sure to confirm any potential fees with KCM Trade.
Deposit & Withdrawal
KCM Trade accepts deposits via multiple payment methods including VISA, Mastercard, UnionPay, AMERICAN EXPRESS, PayPal and THAI QR PAYMENT.
B. Regulatory Status
The legitimate license of KCM Trade
KCM Trade is a regulated broker.
C. Social Media Engagement
This broker has official accounts on major social media platforms. These accounts publish promotional activities, including lectures by industry experts regularly. However, the broker mainly focuses on the Indonesian markets.
2. Special survey about KCM Trade from WikiFX
a. Scoring Criteria
WikiFX gives brokers a score from 0 to 10. The higher the score is, the more reliable the broker is.
| The Scoring Criteria of Brokers on WikiFX |
| License index: reliability and value of licenses |
| Regulatory index: license regulatory strength |
| Business index: enterprise stability and operational capability |
| Software index: trading platform, instruments, etc |
| Risk Management index: the degree of asset security |
KCM Trade has been given by WikiFX a decent rating of 8.99/10.
b. Important Event
In 2023, Kohle Capital Markets announced a rebranding of the company to KCM Trade. The company said that this strategic move is a reflection of its unwavering committing to providing unparalleled value and exceptional customer experiences.
3. Conclusion
KCM Trade is a regulated broker. For some traders, it may be an attractive option because of its reputation in the industry. But we still want you to do more research and make yourself comfortable since we received some complaints that you may need to consider.
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