Kaloti Company

Kaloti Forex Broker - Complete Information Guide

1. Broker Overview

Kaloti, officially known as Kaloti J.I DMCC, was established in the United Arab Emirates (UAE) and has been operational for approximately 5 to 10 years. The company operates from its headquarters located at 35F, Almas Tower, Jumeirah Lakes Towers, Sheikh Zayed Road, Dubai, UAE, with a registered postal address of P.O. Box 116858. Kaloti is a privately held entity that primarily caters to the retail forex market, focusing on individual traders and institutional clients alike.

Kaloti has developed a reputation in the financial sector, especially within the realm of precious metals trading, and has expanded its operations to include various services related to precious metals, including trading, refining, and retail sales. The companys evolution reflects significant milestones, such as becoming a recognized player in Dubai's burgeoning gold market, which is often referred to as the “City of Gold.” The firm is known for its extensive service offerings that encompass mining, refining, minting, testing, and both wholesale and retail sales of bullion and jewelry.

As a part of its business model, Kaloti operates in a wide array of markets, leveraging its strategic location in Dubai, which is a global hub for gold trading. The companys diverse portfolio allows it to cater to a vast customer base, including individual traders, institutional investors, and international clients seeking exposure to the precious metals market.

2. Regulatory and Compliance Information

Kaloti operates under a suspicious regulatory license and currently lacks valid regulatory oversight. According to various sources, including WikiFX, the broker does not have any recognized regulatory bodies overseeing its operations, which raises concerns about its compliance and operational integrity. The absence of a regulatory license indicates a high potential risk for clients, and it is advised that potential investors exercise caution when engaging with the Kaloti broker.

The lack of valid regulatory information suggests that the broker does not adhere to standard practices concerning investor protection. Furthermore, Kaloti does not appear to participate in any investor compensation schemes, which could pose additional risks to clients. The company has not publicly disclosed its Know Your Customer (KYC) and Anti-Money Laundering (AML) compliance measures, leaving potential investors without critical information regarding the safeguarding of their funds.

In summary, the regulatory landscape surrounding Kaloti is concerning, with a regulatory index score of 0.00 indicating an absence of oversight and a business index of 7.25 reflecting some operational aspects. Therefore, potential clients should be aware of the risks associated with trading through an unregulated broker like Kaloti.

3. Trading Products and Services

Kaloti offers a variety of trading products primarily focused on the forex market. The broker provides access to a selection of currency pairs, allowing traders to engage in foreign exchange transactions. However, specific details regarding the number of available currency pairs and the major pairs offered were not disclosed in the available information.

In addition to forex trading, Kaloti appears to offer Contract for Difference (CFD) products across various asset classes, including indices, commodities, stocks, and cryptocurrencies. The broker's ability to provide such diverse trading options positions it as a versatile player in the financial market, catering to different trading strategies and preferences.

Kaloti is also known for its retail trading services, which are designed to accommodate individual traders looking to participate in the forex market. While the details of institutional client services and any potential white-label solutions were not explicitly mentioned, the broker's extensive experience in precious metals trading suggests that it may offer tailored solutions to institutional clients as well.

Overall, Kaloti's trading offerings are designed to meet the needs of a broad audience, from retail traders to institutional investors, although specific product updates and the frequency of introducing new trading instruments were not detailed in the available information.

4. Trading Platforms and Technology

Kaloti supports the widely-used MetaTrader 4 and MetaTrader 5 trading platforms, which are popular among forex traders for their user-friendly interfaces and advanced trading functionalities. The availability of these platforms allows traders to access a range of trading tools and features, including automated trading capabilities and comprehensive charting options.

In addition to the MetaTrader platforms, Kaloti may offer a proprietary trading platform, although specific details regarding its features and functionalities were not provided. The broker also supports a web-based trading platform, enabling traders to access their accounts and execute trades from any internet-connected device without the need for software installation.

For mobile trading, Kaloti appears to provide applications compatible with both iOS and Android systems, allowing traders to manage their accounts and execute trades on the go. The execution model employed by Kaloti is not explicitly stated but may include options such as ECN (Electronic Communication Network) or STP (Straight Through Processing), which are common in the forex industry.

Kaloti's technological infrastructure is supported by servers located in the UAE, ensuring low latency and reliable execution for traders. Additionally, the broker may offer API access for automated trading, although specific details on this feature were not confirmed.

5. Account Types and Trading Conditions

Kaloti offers various account types to cater to different trading preferences and experience levels. The standard account typically requires a minimum deposit, which was not specified in the available information. Generally, standard accounts may feature competitive spreads and commissions, but specific details regarding these trading conditions were not disclosed.

For more experienced traders, Kaloti may provide advanced account types, such as VIP or professional accounts, which often come with enhanced features, including lower spreads and higher leverage options. The availability of Islamic accounts for traders who adhere to Sharia law was not mentioned, indicating that this aspect may need further clarification.

The broker also offers a demo account policy, allowing potential clients to practice trading strategies without financial risk. Information regarding the leverage ratios offered by Kaloti was not detailed, but it is common for forex brokers to provide leverage ranging from 1:100 to 1:500 depending on the account type and regulatory requirements.

Minimum trade sizes and overnight fees were not specified in the available information, indicating that potential clients may need to reach out to Kaloti directly for comprehensive details on these trading conditions.

6. Fund Management

Kaloti supports a range of deposit methods, including bank transfers, credit cards, and e-wallets, although specific details regarding the supported e-wallets were not provided. The minimum deposit requirements were also not disclosed, which may vary across different account types.

The processing time for deposits typically ranges from instant to one business day, depending on the method used. However, any associated deposit fees were not mentioned, indicating that potential clients should inquire directly with Kaloti for detailed fee structures.

For withdrawals, Kaloti likely offers multiple methods, but specific details regarding the withdrawal process, including any limitations or fees, were not provided. The typical withdrawal processing time may range from one to several business days, depending on the method selected.

In summary, while Kaloti provides various funding options, the lack of detailed information regarding deposit and withdrawal fees and processes suggests that potential clients should seek clarification from the broker to ensure they understand the costs associated with managing their accounts.

7. Customer Support and Educational Resources

Kaloti offers customer support through multiple channels, including phone, email, and online chat, although specific contact details were not provided. The broker's service hours and time zone coverage were also not mentioned, which may impact the availability of support for clients in different regions.

The broker appears to support multiple languages, although the specific languages available for customer support were not disclosed. This could be an important consideration for international clients seeking assistance in their preferred language.

In terms of educational resources, Kaloti may provide various materials, including webinars, tutorials, and e-books, to help traders enhance their skills and knowledge. Additionally, the broker may offer market analysis services, including daily analysis, news updates, and research reports, although specific details were not confirmed.

Traders may also have access to various trading tools, such as calculators and economic calendars, to assist them in making informed trading decisions.

8. Regional Coverage and Restrictions

Kaloti primarily serves clients in the United Arab Emirates and other regions where forex trading is prevalent. The broker's operational footprint includes various international markets, leveraging Dubai's position as a global trading hub.

Specific details regarding the regional offices were not provided, which may indicate a centralized operational model. However, potential clients should be aware of the countries and regions where Kaloti does not accept clients, as this information was not disclosed.

In conclusion, while Kaloti has established itself as a player in the forex market, potential clients should carefully consider the regulatory risks and lack of transparency associated with this broker before proceeding with any trading activities.