KirikFx Forex Broker

KirikFx Review SummaryFounded2018Registered Country/RegionSaint Vincent and the GrenadinesRegulationUnregulatedMarket InstrumentsForex, spot metals, oil, indexes, commodities, cryptocurrenciesDemo AccountAvailableLeverageUp to 1:500SpreadFrom 1.0 pipsTrading PlatformMT5Min Deposit$100Customer SupportPhone (+501 223 2144)Email (support@kirikfx.com)KirikFx Information Established in 2018, KirikFx is an unregulated brokerage company registered in Saint Vincent and the Grenadines. This firm presents plenty of investment choices with its popular MT5 platform. KirikFx offer three live trading accounts and one demo account.Pros and ConsProsConsWide range of commodities and spot metalsUnregulated brokerIncludes major and minor forex pairsComplex fee structure for deposits/withdrawalsSupports popular cryptocurrency pairsA limited selection of exotic currency pairsVariety of deposit and withdrawal methodsNarrow range of cryptocurrencies offeredWithdrawal fees for certain methodsBank wire withdrawals take 3-5 business days.Is KirikFx legit? KirikFx operates without regulation from any recognized financial authority.What Can I Trade on KirikFx? KirikFx presents assets including forex, spot metals, oil, indexes, commodities, and cryptocurrency pairs. The firm offers 28 currency pairs covering both major and minor categories. For commodity trading, it provides several opportunities such as coffee, cocoa, corn, cotton, soybean, sugar, and sheat. Additionally, KirikFx also provides trading opportunities like Gold, Silver, and Copper.Tradable InstrumentsSupportedForex✔Metals✔Oil✔Indices✔Commodities✔Cryptocurrencies✔Stocks❌Futures❌Bonds❌Options❌Mutual Funds❌ETFs❌Account Types KirikFx provides three live trading accounts (AED(GOLD), Royal(USD-PRIME), and Royal(USD-PRO)) and one demo account. If you invest at least $1000, you can have a spread from 1.0 pip and the maximum leverage of this account type is 1:400. The minimum deposit of all three account types is 100$. AED(GOLD) accounts give you the maximum leverage, which is 1:500.Account TypeMaximum LeverageMinimum Deposit ($)Minimum SpreadAED(GOLD)1:5005001.8Royal(USD-PRIME)1:4001001.8Royal(USD-PRO)1:40010001Leverage KirikFx offers maximum leverage up to 1:500 for its AED(GOLD) accounts. For the other two Royal account types, the maximum leverage is up to 1:400.KirikFx Fees KirikFx provides spreads from 1.0 pips. Detailed information is as follows:Account typesSpreadsAED(GOLD)From 1.8 pipsRoyal(USD-PRIME)From 1.8 pipsRoyal(USD-PRO)From 1.0 pips This firm also charges transaction fees if you choose certain types of methods. For example, you will pay 3% or $5 when you withdraw with Visa/MasterCard.Trading Platform MT5 (MetaTrader 5) is available with KirikFx. You can apply it on multiple devices, including Windows, MAC, Android, and IOS.Trading PlatformSupportedAvailable DevicesSuitable forMT5✔Windows, MAC, IOS, AndroidInvestors of all experience levelsMT4❌Proprietary platform❌Deposit and Withdrawal KirikFx provides more than several ways to fund your account, including popular credit/debit cards like Visa/MasterCard, Neteller, Maestro, and e-payment options such as American Express, Diners Club, JCB, Skrill, as well as bank wire and Kirik Pay. Deposit OptionsDeposit OptionsMin. DepositFeesProcessing TimeVisa/MasterCardNot mentionedNot mentioned3-5 business daysNETELLERNot mentionedNot mentioned3-5 business daysMaestroNot mentionedNot mentioned3-5 business daysWire transferNot mentionedNot mentioned3-5 business daysSkillNot mentionedNot mentioned3-5 business days Withdrawal OptionsWithdrawal OptionsMin. WithdrawalFeesProcessing TimeVisa/MasterCardNot mentioned3% fee or a $5 charge3-5 business daysNETELLERNot mentioned3% fee3-5 business daysMaestroNot mentioned3% fee3-5 business daysWire transferNot mentioned0.2% fee, with a minimum of $303-5 business daysSkillNot mentioned3% fee3-5 business days