Kumo Markets foreign exchange brokers specializing in providing foreign exchange trading services, the company's official website https://my.kumomarkets.com/register, about the company's legal and temporary regulatory information, the company's address EURO HOUSE, RICHMOND HILL ROAD, KINGSTOWN, ST. VINCENT AND THE GRENADINES, VC0120.
Kumo Markets Forex Broker
Basic information
Saint Vincent and the Grenadines
5-10 years Suspicious Regulatory License MT4 Full License MT5 Full License Global Business High potential riskCompany profile
Founded in 2020, Kumo Markets is an unregulated financial company based in Saint Vincent and the Grenadines. It offers 24 crypto currencies, 65 currency pairs, Commodities, and Indices trading with MT4 platform.
Pros and Cons
| Pros | Cons |
| A wide range of products | No regulation |
| Diverse account types | Regional restrictions |
| Multiple customer support channels | No demo accounts |
| Low minimum deposit | |
| Flexible leverage ratios | |
| MT4 platform |
Is Kumo Markets Legit?
At present, Kumo Markets lacks valid regulation. Its domain was registered on Feb 8, 2020, and the current status is “client Delete Prohibited, client Renew Prohibited, client Transfer Prohibited, client Update Prohibited”. Please pay high attention to the safety of your funds if you choose this broker.
What Can I Trade on Kumo Markets?
On Kumo Markets, you can trade with 24 crypto currencies, 65 currency pairs, Commodities, and Indices.
| Tradable Instruments | Supported |
| Forex | ✔ |
| CFDs | ❌ |
| Commodities | ✔ |
| Indices | ✔ |
| Cryptocurrencies | ✔ |
| Shares | ❌ |
| ETFs | ❌ |
| Bonds | ❌ |
| Mutual Funds | ❌ |
Account Type/Leverage/Spread & Commission
Kumo Markets provides STP Standard, ECN PRO, CORPORATE accounts.
| STP Standard | ECN PRO | CORPORATE | |
| Minimum Deposit | $100 | $1,000 | $50,000 |
| Leverage | Up to 1:500 | Up to 1:100 | |
| EUR/USD Spread | 1.8 | Nearly 0 | / |
| Commission | $0 | $8 | $6 |
Trading Platform
Kumo Markets provides MT4 platform available for bith windows and android.
Deposit and Withdrawal
Kumo Markets supports cryptocurrencies and bank transfers for deposits and withdrawals.
| Payment Method | Minimum Deposit Amount | Minimum Withdrawal Amount | Deposit Fee | Withdrawal Fee |
| Cryptocurrencies | 100 USD | 50 USD | 1% | 0% |
| Bank transfers | 5000 USD/1000 EUR | 2% | 0% | |
Rating Index
CORPORATE
ECN PRO
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Latest Reviews
FX4255247862
France
i have traded with sl and tp and broker fail to close my orders. live chat never works...
Exposure
2021-10-18
chavmarlon
Salvador
I opened an account with KmoMarkets and to have the account operating and able to deposit and withdrawal i had to pass the KYC which was send my ID front and back and a proof of address. I sent all the documents they asked and i had my account verified couple days latter. After a few days i deposit via BTC ( they only offer crypto as a payment method ). I operate and i decided to withdrawal few days latter and i got an email 3 days latter that i need to send more documents in order for them to proceed my withdrawal even with my account fully verified and KYC also fully verified. Well now is going to be 2 weeks when they dont release my inicial deposit and my profits. I call this a SCAM and also say that be really careful, dont operate with this company. I tried many times to solve this smooth as possible but they dont proceed with my withdrawal of 3540$.
Exposure
2021-10-09
CUI
Pakistan
I am not sure how it works in every country but I have found their customer support excellent. I started with a demo account and a member of their team called me to introduce themselves and tell me they are my account manager. After I received all the educational content they send to your email I eventually created a real account and have been trading with them since lockdown.
Neutral
2024-06-20