KGI FUTURES Forex Broker provides real users with 1 positive reviews, * neutral reviews and * exposure review!
Risk Control
License
TPEx Regulated 
Whether you are a beginner or an experienced trader, you can enjoy the regulated KGI FUTURES platform. The platform is really fast and secure. You never miss the latest news in the financial markets because the Economic calendar is available directly on your platform.
KGI Futures has established itself as a noteworthy player in the forex brokerage landscape, particularly for traders in Asia. With a solid regulatory foundation in Singapore and a diverse range of trading options, KGI Futures presents both opportunities and challenges for its users. This review will delve into the key features, user experiences, and expert opinions surrounding KGI Futures, providing a comprehensive overview for potential traders.
Note: It is essential to recognize that KGI Futures operates through different entities in various regions, which can impact user experiences and regulatory protections. This review aims to present a fair and accurate assessment based on available data.
| Criteria | Rating (Out of 10) |
|---|---|
| Account Conditions | 5 |
| Tools and Resources | 6 |
| Customer Service | 4 |
| Trading Setup | 6 |
| Trustworthiness | 7 |
| User Experience | 5 |
How We Rate Brokers: Our ratings are based on a combination of user reviews, expert analysis, and factual data regarding the broker's offerings and performance.
Founded in 2001 and headquartered in Singapore, KGI Futures is operated by KGI Securities (Singapore) Pte. Ltd., which is a subsidiary of KGI Securities Co. Ltd. in Taiwan. The broker offers trading on the widely popular MetaTrader 4 platform, alongside its proprietary MaxxTrader platform. KGI Futures allows access to over 30 currency pairs, as well as futures, commodities, and precious metals. It is regulated by the Monetary Authority of Singapore (MAS), ensuring a degree of reliability and security for its clients.
Regulated Regions: KGI Futures is primarily regulated in Singapore, which is known for its stringent financial regulations. However, it does not offer services to residents of the European Economic Area (EEA) or the United States, which may limit access for some potential traders.
Deposit/Withdrawal Currencies: Clients can fund their accounts using either Singapore Dollars (SGD) or United States Dollars (USD). The minimum deposit requirement is set at $1,000, which some users have found to be relatively high compared to other brokers.
Bonuses/Promotions: KGI Futures does not offer any promotional bonuses or contests, which may be a drawback for traders looking for additional incentives.
Tradeable Asset Classes: KGI Futures provides access to a variety of asset classes, including forex, futures, and precious metals. The selection of over 30 currency pairs includes major, minor, and exotic pairs.
Costs (Spreads, Fees, Commissions): The broker offers variable spreads starting from 1 pip for major currency pairs like EUR/USD. However, some reviews have indicated that spreads can widen significantly for less popular pairs, which could impact trading costs.
Leverage: KGI Futures offers leverage of up to 1:50, which is in line with many brokers in the region. While this can amplify potential profits, it also increases the risk of significant losses.
Allowed Trading Platforms: KGI Futures supports both the MetaTrader 4 platform and its proprietary MaxxTrader platform, catering to a range of trader preferences. MetaTrader 4 is particularly favored for its user-friendly interface and extensive analytical tools.
Restricted Regions: As previously mentioned, KGI Futures does not provide services to EEA residents and U.S. citizens, which may limit its appeal to a broader audience.
Available Customer Support Languages: Customer support is primarily offered in English and Chinese, which may be a limitation for non-speakers of these languages.
| Criteria | Rating (Out of 10) |
|---|---|
| Account Conditions | 5 |
| Tools and Resources | 6 |
| Customer Service | 4 |
| Trading Setup | 6 |
| Trustworthiness | 7 |
| User Experience | 5 |
Account Conditions (5/10): KGI Futures offers individual, joint, and corporate accounts, but the high minimum deposit of $1,000 may deter some traders. The lack of a variety of account types could also limit flexibility for users with different trading strategies.
Tools and Resources (6/10): While KGI Futures provides a demo account and educational resources, many users have noted that the educational materials are not as comprehensive as those offered by other brokers. This could be a disadvantage for beginner traders looking for guidance.
Customer Service (4/10): Customer service reviews are mixed, with some users reporting slow response times and limited support outside of English and Chinese. The absence of a live chat feature may also hinder quick resolutions to issues.
Trading Setup (6/10): The trading platforms offered are robust, especially the widely-used MetaTrader 4. However, the high minimum deposit and limited asset offerings compared to global competitors could impact the overall trading experience.
Trustworthiness (7/10): KGI Futures is regulated by the MAS, which enhances its credibility. However, the absence of user reviews on platforms like Trustpilot and mixed feedback on customer service may raise some concerns.
User Experience (5/10): Overall user experiences have been varied, with some appreciating the platform's features and others expressing frustration over customer service and the high entry threshold.
In conclusion, KGI Futures presents a credible option for traders, particularly those based in Asia. While it offers a solid regulatory framework and access to a range of trading instruments, potential clients should weigh the high minimum deposit and limited educational resources against their trading needs. As with any broker, it is crucial to conduct thorough research and consider personal trading goals before making a commitment.
