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KIWOOM SECURITIES foreign exchange brokers specializing in providing foreign exchange trading services, the company's official website https://www.kiwoom.com/h/ir/en/main, about the company's legal and temporary regulatory information, the company's address 18, Yeouinaru-ro 4-gil, Yeongdeungpo-gu, Seoul, Korea.

KIWOOM SECURITIES Forex Broker

Basic Information

Registered Region

South Korea

Operating Period

Company Name

KIWOOM SECURITIES Corp.

Abbreviation

KIWOOM SECURITIES

Company employee

Customer Service Email Address

ir@kiwoom.com

Contact Number

+82237875236

Company Website

https://www.kiwoom.com/h/ir/en/main

Company address

18, Yeouinaru-ro 4-gil, Yeongdeungpo-gu, Seoul, Korea

Keywords

2-5 years

Suspicious Regulatory License

High potential risk

Company profile

KIWOOM SECURITIES Review SummaryFounded2000Registered Country/RegionSouth KoreaRegulationNo regulationTrading ProductsStocks, bonds, debt, securities, futures, options, derivatives, mezzanine, private equity, arbitrageDemo Account✅Trading PlatformHeroic Gate-Series (PC), Heromoon S#-Series (mobile)Min Deposit/Customer SupportTel: +82-2-3787-5236Fax: +82-2-3787-5136Email: ir@kiwoom.comCompany address: 96 Uisadang-daero, Yeongdeungpo-gu, Seoul, Korea (TP Tower) Founded in 2000, KIWOOM SECURITIES is an unregulated Korean securities company, offering trading services in stocks, bonds, debt, securities, futures, options, derivatives, mezzanine, private equity, and arbitrage with multiple trading platforms to choose from.Pros and ConsProsConsDiverse trading productsNo regulationDemo accountsKorean reading thresholdClear fee structureUnclear minimum depositMultiple trading platformsIs KIWOOM SECURITIES Legit? No, although KIWOOM SECURITIES has a variety of businesses, there is no information to prove that international or local financial institutions regulate KIWOOM SECURITIES.What Can I Trade on KIWOOM SECURITIES? Kiwoom Securities provides online brokerage services in Korea and internationally. The company offers online trading services, including domestic and international equities, futures, foreign exchange margin trading, equities, futures and options trading, and is also involved in financial derivatives, equity capital market services, debt capital market services, and banking and financial services for local residents and small and medium-sized businesses.Tradable InstrumentsSupportedStocks✔Bonds✔Debt✔Securities✔Futures✔Options✔Derivatives✔Mezzanine✔Private Equity✔Arbitrage✔Commodities❌Indices❌Cryptocurrencies❌KIWOOM SECURITIES FeesStock Fee Kiwoom Securities offers a range of trading services with fees varying from 0.015% to 0.5% for stocks, 0.5% for futures, 0.0051949% for bond transactions, and additional taxes and fees for sales, with special discounts for new and visually impaired customers, and a tiered margin collection rate.Options Fee Kiwoom Securities charges varying option fees based on the price unit, with rates ranging from 0.14% to 0.2% plus additional won for KOSPI and KOSDAQ options, and a tiered fee structure for individual stock options and U.S. Dollar options.Foreign Stocks Fee Kiwoom Securities offers foreign stock trading with varying fees depending on the country, ranging from 0.23% in Japan to 0.6% in Indonesia, and specific tax rates and minimum fees, with a consultation fee standard based on asset deposits and transaction amounts.Overseas Futures & Options Fee Kiwoom Securities charges overseas futures and options fees ranging from $2 to $10 online and $4 to $10 offline, depending on the currency and contract size, with specific margin requirements for each product.FX Margin Fee Kiwoom Securities offers a FX margin fee structure with no trading fees, only spread fees, and a negotiable fee of up to USD 2.5 per contract for select customers based on factors like average commitment, customer grade, and profit contribution, with a minimum application period of 1 month and a maximum of 6 months.CFDs Fees Kiwoom Securities' CFD service offers a commission structure with online and offline rates of 0.15% for domestic and foreign stocks, and a tiered consultation fee ranging from 0.11% to 0.15% based on the customer's base commitment, with additional position costs for buying off and selling.Spot Gold Fee Kiwoom Securities charges spot gold fees of 0.3% for Heroic Gate 4 and Heromoon S, with included VAT and additional small fees, and 0.5% for Kiwoom Financial Center transactions, also including VAT.Bond Fee Kiwoom Securities offers a reduced OTC bond fee system with rates from 0% to 0.15% depending on the bond's maturity, and a consultation fee for purchasing Brazilian government bonds online, with rates over 0.08% to 0.09% per annum based on the transaction amount. Kiwoom Securities offers free transfers within its network and charges KRW 500 for third-party withdrawals, KRW 2,000 to 5,000 for subscriptions, and KRW 2,000 to 10,000 for shipping and document services.Trading Platform Kiwoom Securities provides multiple trading platforms including Heroic Gate 4 for domestic stocks, Heroic Gate Global for international commodities, Heroic Gate EASY and Lightning3 for simplified trading interfaces, and Heromoon S# and T Plus for mobile and tablet access, respectively, along with Securities Plus and Securities Box for investment information and quick stock checks.

KIWOOM SECURITIES broker review

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Kiwoom Securities Forex Broker - Complete Information Guide

1. Broker Overview

　　Kiwoom Securities Corp., established in 2000, is a prominent financial services firm based in Seoul, South Korea. The company operates as a public entity and has made significant strides in the online brokerage sector, primarily focusing on retail clients. Kiwoom Securities has emerged as a leading player in the South Korean market, known for its innovative digital trading platforms and cost-efficient services.

　　The firm has evolved from a small startup with fewer than ten employees to the number one trader by transaction value in South Korea. One of its notable achievements includes being the first online-only brokerage in the country. Kiwoom Securities has consistently maintained a strong market share, accounting for approximately 13% of the nations equity trading by value as of early 2023. The company is also recognized for its competitive commission rates, charging as low as 0.015% on trades, which has attracted a substantial retail customer base.

　　Kiwoom Securities is part of the Daou Group, which enhances its operational capabilities and market reach. The firm primarily serves individual investors, providing access to a variety of financial products, including stocks, bonds, futures, options, and derivatives. Its business model focuses on retail forex trading and online brokerage services, making it a go-to choice for active traders in South Korea.

2. Regulatory and Compliance Information

　　Kiwoom Securities operates in a challenging regulatory environment, as it currently lacks proper oversight from major financial regulatory bodies. Specifically, it is not regulated by the Financial Supervisory Service (FSS) or any other recognized international financial authority. This absence of regulation raises concerns regarding investor protection and operational transparency.

　　The company has not disclosed any regulatory license numbers, and there is no valid regulatory information available, which poses high potential risks for clients. Given its unregulated status, the firm does not participate in any investor compensation schemes, which would typically provide a safety net for clients in case of firm insolvency.

　　Kiwoom Securities does implement Know Your Customer (KYC) and Anti-Money Laundering (AML) compliance measures, although the specifics of these policies are not publicly detailed. Clients should be aware of these compliance gaps and exercise caution when engaging with the broker.

3. Trading Products and Services

　　Kiwoom Securities offers a diverse range of trading products catering to both retail and institutional clients. The firm provides access to various forex currency pairs, though specific numbers are not detailed in the available information. Additionally, the broker supports Contract for Difference (CFD) trading across several categories, including:

Indices
Commodities
Stocks

　　However, it does not currently offer cryptocurrencies as part of its trading portfolio. Kiwoom Securities is known for its specialized products, such as structured products linked to specific stocks and indices, which have gained traction among investors.

　　The company frequently updates its product offerings, although detailed information on new additions is not readily available. Retail trading services are a core focus, with a strong emphasis on providing user-friendly platforms for individual investors. While institutional client services are available, the specifics of these offerings are less emphasized.

4. Trading Platforms and Technology

　　Kiwoom Securities does not support MetaTrader 4 or MetaTrader 5, which are popular platforms among forex traders. Instead, the firm has developed its proprietary trading platforms, including:

Heroic Gate Series for PC
Hero Moon S Series for mobile devices

　　These platforms are designed to cater to the needs of both domestic and international traders, offering a range of features for executing trades efficiently. The firm also provides a web-based trading platform, ensuring accessibility for users who prefer not to download software.

　　Mobile applications are available for both iOS and Android, allowing traders to manage their accounts and execute trades on the go. The execution model utilized by Kiwoom Securities is primarily Market Making, though further details on the execution speed and reliability are not provided.

　　The company's servers are located in South Korea, which supports its operational infrastructure. Additionally, Kiwoom Securities offers API access for traders interested in automated trading solutions, although specifics on this service are limited.

5. Account Types and Trading Conditions

　　Kiwoom Securities offers various account types to meet the diverse needs of its clients. The standard account typically requires a minimum deposit, although exact figures are not disclosed in the available resources. The broker is known for its low spreads and competitive commission structures, which range from 0.015% to 0.5% for stock trades.

　　For clients seeking more advanced trading options, Kiwoom Securities may offer VIP or professional accounts, although specific details are not provided. There is no mention of specialized accounts such as Islamic or corporate accounts, which may limit options for certain traders.

　　The firm does provide a demo account for clients to practice trading without financial risk, which is a valuable resource for beginners. Leverage ratios vary depending on the product, but specific details on the range of leverage offered are not available. The minimum trade size and overnight fees are also not explicitly stated.

6. Fund Management

　　Kiwoom Securities supports various deposit methods, including bank transfers, credit cards, and electronic wallets. However, the minimum deposit requirements vary by account type and are not specified in the available information.

　　The processing time for deposits is generally swift, although exact timelines are not detailed. There are no indications of deposit fees, which is a positive aspect for traders looking to minimize costs.

　　Withdrawal methods are also supported, but specific limitations and conditions are not disclosed. The processing time for withdrawals can vary, and any associated fees are not clearly outlined in the available resources.

7. Customer Support and Educational Resources

　　Kiwoom Securities provides multiple channels for customer support, including telephone, email, online chat, and social media. The firm operates during standard business hours, with coverage primarily focused on the South Korean time zone.

　　Support is available in Korean, which may pose a challenge for non-Korean speakers. The company does not explicitly mention support for other languages, which could limit accessibility for international clients.

　　In terms of educational resources, Kiwoom Securities offers various tools, including webinars, tutorials, and e-books. Market analysis services are also provided, featuring daily updates, news, and research reports to assist traders in making informed decisions.

　　Additionally, the broker offers trading tools such as calculators and calendars to enhance the trading experience for its clients.

8. Regional Coverage and Restrictions

　　Kiwoom Securities primarily serves the South Korean market, with its headquarters located in Yeongdeungpo-gu, Seoul. The firm has a presence in various regions within South Korea, but detailed information about regional offices is not provided.

　　The broker does not accept clients from certain countries or regions, although specific restrictions have not been disclosed. This limitation may affect international investors looking to engage with Kiwoom Securities for trading services.

　　In summary, while Kiwoom Securities offers a range of trading products and competitive services, potential clients should be aware of its unregulated status and the associated risks. The firms focus on retail trading, innovative platforms, and customer support makes it a noteworthy option in the South Korean brokerage landscape.

　　This comprehensive overview of Kiwoom Securities broker highlights essential information for potential clients and investors considering engaging with the firm.

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