Rating Index

Pros

Regulated by multiple authorities including ASIC and SFC, providing a level of credibility and security.

Offers a variety of trading platforms, including proprietary options and MT4, catering to different trading preferences.

Provides multilingual customer support and professional market analysis to assist traders in improving their skills.

Cons

Minimum deposit requirement of $1,000 may be high for beginner traders.

Does not allow hedging, which can limit trading strategies for some users.

Not regulated by the FCA, which may concern traders looking for UK-based regulatory oversight.

KVB Kunlun broker Accounts

KVB Kunlun Account Types

KVB Kunlun offers two main types of trading accounts for its clients: the Standard Account and the Mini Account.

Standard Account

Minimum Deposit: $5,000
Minimum Trade Size: 1 standard lot (100,000 units)
Maximum Leverage: 1:200
Average Spreads: 1.3 pips on EUR/USD
Commission: Commission-free

Mini Account

Minimum Deposit: $1,000
Minimum Trade Size: 0.01 standard lot (1,000 units)
Maximum Leverage: 1:200
Average Spreads: 1 pip on EUR/USD
Commission: $2 per standard lot round turn

Both account types allow trading in forex and derivatives, precious metals, and bulk commodities. KVB Kunlun also provides an Islamic Account option for traders who follow Sharia law, exempting them from paying interest or overnight fees.

KVB Kunlun Broker Account Opening Process

To open an account with KVB Kunlun, follow these steps:

Fill in the Account Opening Form: Visit the KVB Kunlun website and complete the registration form.
Complete the Questionnaire: Answer questions regarding your trading experience and financial background.
Submit Required Documents: Provide identification documents such as a passport or national ID and a utility bill or bank statement for address verification.
Account Approval: Wait for KVB Kunlun to process and approve your application. This may take a few business days.
Make a Deposit: After approval, fund your account using bank wire transfer. KVB Kunlun accepts deposits in various currencies including USD, AUD, NZD, and JPY, with no deposit fees charged by the broker (though banks may charge direct fees).

Once your account is funded, you can start trading on KVB Kunluns platforms, which include MT4, Forex Star, and KVB EFX.