Company profile
KAIFIN Review SummaryFounded2022Registered Country/RegionSt. Vincent and the GrenadinesRegulationUnregulated (No licenses from FCA, ASIC, etc.)Market InstrumentsCFDs on currency pairs, metals, energies, and cryptocurrenciesDemo Account/LeverageUp to 1:1000SpreadFrom 0.0 pips for VIP accounts, 0.4 pips for Pro accounts, 0.6 pips for Classic and No Swap accountsTrading PlatformMetaTrader 5 (MT5) - Desktop, Mobile (iOS, Android), WebMin Deposit$100Customer SupportEmail: service@kaifintrade.comPhone: +971 4 584 9015Address: RANI INTERNATIONAL DEVELOPMENT, 2301, 346-Business Bay, PO Box: 20589, Dubai, UAEKAIFIN Information KAIFIN, created in 2022 and registered in Saint Vincent and the Grenadines, trades forex, metals, energy, and cryptocurrency CFDs. No financial regulators oversee this broker.Pros and ConsPros Cons Multiple account typesUnregulatedHigh leverage up to 1:1000Limited range of tradable assets (no stocks or indices)No deposit or withdrawal feesInactivity fees are undisclosedMetaTrader 5 (MT5) platform supportedIs KAIFIN Legit? Not a regulated entity, KAIFIN does not have licences from reputable financial regulatory authorities including the FCA in the UK or ASIC in Australia. The name kaifintrade.com registered on September 27, 2022, according to WHOIS data, and is scheduled to expire on September 27, 2025. The domain status is “clientTransferProhibited,” which limits illegal transfers but does not add to their legitimacy or regulatory validity.What Can I Trade on KAIFIN? KAIFIN offers a range of trading tools, mostly comprising CFDs on currencies pairs, metals, energy, and cryptocurrencies.Tradable Instruments Supported Forex✔Commodities (Metals, Energies)✔Crypto✔CFDs✔Indexes❌Stocks❌ETFs❌Account Types Four account options are presented by KAIFIN: VIP, Pro, Classic, and No Swap. These accounts cover different trading demands from high-volume professional traders (VIP and Pro) to beginners (Classic) and those looking for swap-free options (No Swap). Every narrative provides access to MT5 and supports FX, commodities, cryptocurrency, energy among other instruments.Leverage KAIFIN offers leverage options up to 1:1000, letting traders get market exposure with a lesser investment. High leverage increases the chance of large losses and can boost gains, making risk management crucial.KAIFIN Fees KAIFIN's fees seem industry-standard. VIP accounts have 0.0 pips spreads, Pro accounts 0.4 pips, and Classic and No Swap accounts 0.6 pips. VIP accounts pay $2 each lot, Pro accounts $3 per lot, and Classic and No Swap accounts are commission-free.Trading PlatformTrading PlatformSupported Available Devices Suitable for what kind of tradersMT5✔Desktop, Mobile (iOS, Android), Web BrowserAll levels: Beginner, Intermediate, AdvancedDeposit and Withdrawal KAIFIN makes deposits and withdrawals free, making transactions more accessible. Trading with KAIFIN requires a $100 deposit.
Alessandrar
Cambodia
Been giving Kaifin LLC a shot, and there's a mix of good and not-so-great stuff. I like the low $10 entry point and the option for crazy 1:1000 leverage. Having both MT5 and cTrader is sweet, and they got a nice mix of tradable stuff. But, gotta be real, the whole deal with unclear deposit/withdrawal info and no live chat feels a bit off. Plus, that NFA regulation claim is sketchy – can't find it on the official NFA site. It's a mixed bag, you know?
Neutral
2023-12-06