Company profile
Note: KFCP' official website - https://kfccglobal.com is currently inaccessible normally.KFCP Review SummaryFounded/Registered Country/RegionUnited KingdomRegulationUnregulatedMarket InstrumentsStocks, CFDs, futures, currencies, indices, cryptos, commoditiesDemo Account✅($100,000 in virtual capital)Leverage1:400EUR/USD Spread2.7 pipsTrading PlatformWeb-basedMin Deposit/Customer SupportEmail: info@kfcpfx.email KFCP is an unregulated UK-based broker, offering trading in stocks, CFDs, futures, currencies, indices, cryptos, and commodities with leverage up to 1:400 and wide spreads via a web-based platform.Pros and ConsPros Cons Many tradable productsFalsely claims registration in the UKDemo accountsUnregulatedFCA warningHigh spreads setOnly accept crypto paymentsOnly email supportIs KFCP Legit? According to FCA, it confirmed that KFCP is not authorised by them. Therefore, it is not a regulated broker. On the website of WikiFX, it is listed as “Regulatory blacklist”. Besides, as of now, their official website is not available. It is not a legit broker!What Can I Trade on KFCP?Tradable Instruments Supported Currencies✔CFDs✔Commodities✔Indices✔Stocks✔Cryptos✔Futures✔Bonds❌Options❌ETFs❌Account Type Apart from demo accounts with $100,000 in virtual capital, KFCP also offers three live account types, including Comprehensive, Finance, and Financial STP accounts.Leverage KFCP offers leverage up to 1:400. It is important to keep in mind that the greater the leverage, the greater the risk of losing your deposited capital. The use of leverage can both work in your favour and against you.Spread KFCP offers spreads of 2.7 pips for EURUSD, 2.5 pips for GBPUSD, and 3.5 pips for USDJPY. These spreads are notably higher than those offered by well-established forex brokers, which typically provide tighter spreads averaging around 1.5 pips.Currency PairSpreadEURUSD2.7 pipsGBPUSD2.5 pipsUSDJPY3.5 pipsTrading PlatformTrading PlatformSupported Available Devices Suitable for Web-based✔Windows, iPhone, Android/MT4❌/BeginnersMT5❌/Experienced tradersDeposit and Withdrawal KFCP offers a notably limited selection of payment methods, confining options solely to cryptocurrencies.
Sophian
Malaysia
KFCP rocks for those who wanna practice trading before going all in. Their demo account lets you test out your strategies without risking real money, and their educational stuff is really helpful and easy to get through. Whether you're new to trading or a pro, KFCP's got your back. Give 'em a try!
Positive
2024-07-09