Kridex Review 2024
According to our idea, the TU Overall Score indicator should answer the biggest question of all: “Can I trust this broker with my money?”. The scores range within 0.01 – 9.99 (the higher the indicator the more trust the broker has). More details
- $50
- MT4
- 2021
According to our idea, the TU Overall Score indicator should answer the biggest question of all: “Can I trust this broker with my money?”. The scores range within 0.01 – 9.99 (the higher the indicator the more trust the broker has). More details
- $50
- MT4
- 2021
Our Evaluation of Kridex
According to our idea, the TU Overall Score indicator should answer the biggest question of all: “Can I trust this broker with my money?”. The scores range within 0.01 – 9.99 (the higher the indicator the more trust the broker has). More details
Kridex is a high-risk broker with the TU Overall Score of 2.45 out of 10. Having reviewed trading opportunities offered by the company and reviews posted by Kridex clients on our website, Traders Union expert Anton Kharitonov does not recommend working with this broker, as, according to reviews, most clients are not satisfied with the broker. Kridex ranks 365 among 413 companies featured in the TU Ranking, which is based on the evaluation of 100+ criteria and a test on how to open an account.
Kridex is a brokerage company that offers loyal conditions for both novice and professional traders. In addition to active trading, there are bonus programs that allow you to save on trading costs.
Brief Look at Kridex
Kridex is an STP (Straight Through Process) broker that provides services to retail and professional traders. The brokerage company offers trading for four classes of assets, including currency pairs, indices, metals, and oil. The broker's office is in Seychelles. It is regulated by the Financial Services Authority of Seychelles (FSA) with the license number SD021.
- Official regulation of activity;
- Over 60 Forex pairs;
- 24/5 operation;
- Fast execution of orders;
- No fees for depositing money;
- 6 ways to make deposits;
- Opportunity for automatic trading.
- The broker does not provide services to U.S. tax residents;
- To access trading accounts and investment programs verification is required;
- Technical support works only on weekdays.
TU Expert Advice
Financial expert and analyst at Traders Union
Kridex is a broker that allows you to trade metals, indices, and energies in the format of CFDs. It is worth noting that fiat funds can be deposited using cards or bank transfers. Funds are withdrawn quickly, within 24 hours of the application. Kridex complies with the AML (Anti-Money Laundering) requirements and therefore carefully checks each client.
The broker is founded by professional Forex traders who have many years of trading experience. Due to this, optimal solutions that correspond to current market trends were developed. Kridex provides a trading environment with the lowest fees as well as the highest order execution speed.
The broker offers three types of accounts, namely Classic, Pro, and ECN. The spread on Classic accounts is from 1.4 pips. Leverage on Classic and ECN accounts reaches up to 1:500, and on Pro accounts, it is up to 1:200. Also, the spread can be zero on Pro and ECN accounts, but a fee per lot is charged. More than 100 trading instruments are available to retail and professional traders. The website of the brokerage company has detailed specifications for each of the accounts. If you have any questions, Kridex technical support will help you solve them 24/5. Client support managers respond promptly.
Kridex Summary
| 💻 Trading platform: | MT4 (plus its desktop, mobile, and web versions) |
|---|---|
| 📊 Accounts: | Classic, Pro, ECN, and demo |
| 💰 Account currency: | USD and EUR |
| 💵 Replenishment / Withdrawal: | Bank cards, bank transfers, Perfect Money, FasaPay, cryptocurrencies (BTC, ETH, Tether, and USDT), and Skrill |
| 🚀 Minimum deposit: | From $50 |
| ⚖️ Leverage: | From 1:200 for Pro; up to 1:500 for Classic and ECN |
| 💼 PAMM-accounts: | No |
| 📈️ Min Order: | 0.01 |
| 💱 Spread: | from 1.4 pips for Classic; from 0 pips for ECN and Pro |
| 🔧 Instruments: | Currency pairs, CFDs on indices, metals, and energies |
| 💹 Margin Call / Stop Out: | 100%/50% for Classic; 100%/80% for ECN and Pro |
| 🏛 Liquidity provider: | International banks, top 15 Forex banks, and ECN |
| 📱 Mobile trading: | Yes |
| ➕ Affiliate program: | Yes |
| 📋 Orders execution: | STP and ECN |
| ⭐ Trading features: | No requotes |
| 🎁 Contests and bonuses: | Yes |
More than 100 assets are available for trading. Traders work through the Classic MT4 platform. There are accounts for retail and professional traders. Leverage ranges from 1:25 to 1:500. Demo accounts are available for testing trading strategies. Islamic accounts are available to Muslim traders.
Kridex Key Parameters Evaluation
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Trading Account Opening
To start trading, register an account on the Kridex website. Registration instructions are as follows:
On the broker’s website, click the “Create an Account” button. Next, select the type of trading account with the main currency.
Next, the system will offer you to fill in the registration form. Here enter your contact information.
Functions of the Kridex user account:
Review of effectiveness of trades;
Economic calendar;
VPS;
Deposits and withdrawals of funds.
Regulation and safety
The brokerage company is headquartered at Suite C, Orion Mall, Palm Street, Victoria, Seychelles. Kridex is licensed by the FSA under number SD021.
Advantages
- Traders’ assets are kept in separate accounts with major banking institutions
- Negative balance protection is available for all account types
- If there are any violations by the broker, you can file a complaint to the FSA
Disadvantages
- To deposit or withdraw funds verification is required
- Withdrawal of profits can be delayed by AML checks
- Clients from the U.S. can not use the services of this broker
Commissions and fees
| Account type | Spread (minimum value) | Withdrawal commission |
|---|---|---|
| Classic | From $14 | No |
| ECN | From $0 | No |
| Pro | From $0 | No |
There are swaps. The broker will calculate and add or deduct the amount every day when extending subject to interest rates. Experts of Traders Union compared the average trading fees charged by Kridex, RoboForex, and PocketOption. The results are presented in the table below.
| Broker | Average commission | Level |
|---|---|---|
|
$4.6 | |
|
$1 | |
|
$8.5 |
Account types
The brokerage company allows you to create 3 account types. There are Classic, Pro, and ECN accounts. They are available for all versions of the MT4 trading platform. The maximum leverage is 1:500, but this can be adjusted when registering an account. There is a minimum deposit for each of the accounts.
Account types:
Demo trading accounts are available for all account types.
Kridex is an STP broker providing loyal trading conditions to professional clients and novice traders.
Deposit and Withdrawal
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Withdrawal requests are processed within 24 hours;
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You can withdraw funds to bank cards, by Swift or SEPA bank transfers, by Perfect Money, FasaPay, in cryptocurrencies, such as BTC, ETH, Tether, and USDT, and by Skrill. The time for crediting funds depends on the withdrawal method;
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There are no minimum or maximum withdrawal requirements;
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To withdraw funds verification is required.
Investment Options
The brokerage company offers comfortable working conditions to active traders and passive investors. Kridex provides an opportunity to invest in PAMM and MAM accounts and receive additional profit. For experienced traders, the broker offers the ability to register as account managers. The company also provides an IB (Introducing Broker) partnership program that allows you to receive additional income for attracting new clients. The broker does not limit trading strategies. This means that clients can also use copy trading.
PAMM and MAM accounts for passive income
Experienced traders can increase their income by becoming account managers. Clients who wish to work under this program receive discounts on spreads, as well as access to liquidity from major international banks. Trust management accounts are available through the MT4 (MetaTrader 4) trading platform. One of the advantages of PAMM and MAM is the ability to manage the accounts on one platform.
Investors, regardless of their trading experience, receive income without spending time analyzing and tracking market trends. Also, clients who have invested in PAMM and MAM accounts can distribute assets to diversify risks.
How PAMM and MAM accounts work for managers and passive investors:
An unlimited number of clients who want to receive income from investment can connect to a PAMM and/or MAM account;
Investors independently choose the method for distributing funds. To do this, you can choose the method of distribution by lots, as a percentage, or proportionally. The minimum order is 0.01 lots;
Managers receive accounts free of charge. The broker does not charge any fees;
Returns on accounts can be tracked in real-time. All information is provided in the user account. It also provides reporting on transactions.
Only professional traders can become investment account managers. Kridex carefully checks each manager. Even a novice trader can get access to passive investment.
If you are a large investor and plan on investments over $10,000, contact us at vip-invest@tradersunion.com or by the feedback form on our website. Our professional team will take you through all the intricacies of the deal and all the steps from signing up to withdrawal of profits.
Partnership program from Kridex:
Under the terms of IB, Kridex partners receive reduced spreads, and the clients they attract get the opportunity to work with one of the popular brokers. Payouts under the IB program are accrued every day.
Customer support
The technical support service works 24/5 from Monday to Friday. Saturday and Sunday are days off. This means that the resolution of an issue may be delayed.
Advantages
- Non-clients can contact technical support
- The tech support team responds promptly
Disadvantages
- 24/5 operation
- Communication via messengers is not available
The broker can be contacted in the following ways:
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via email;
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using a live chat;
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through the user account;
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via the call center.
Any trader can get help from technical support, regardless of the activity on the trading account.
Contacts
| Foundation date | 2021 |
|---|---|
| Registration address | Quantix FS Limited, Suite C, Orion Mall 9FJ3+3QX, Palm Street, Victoria, Seychelles |
| Official site | https://www.kridex.com/ |
| Contacts |
+44 207 193 2760
|
Education
There is no training section on the broker’s website. Instead, a FAQs section is presented, which contains answers to the main questions regarding trading.
There are no cent accounts. To practice trading, you can use demo accounts.
Comparison of Kridex with other Brokers
| Kridex | RoboForex | Pocket Option | Exness | FBS | IC Markets | |
| Trading platform |
MT4 | MT4, MT5, R MobileTrader, R StocksTrader, R WebTrader | Pocket Option, MT5, MT4 | Exness Trade App (mobile), Exness Terminal (web), MetaTrader5, MetaTrader4 | MT4, MobileTrading | MT4, cTrader, MT5, TradingView |
| Min deposit | $50 | $10 | $5 | $10 | $1 | $200 |
| Leverage |
From 1:1 to 1:500 |
From 1:1 to 1:2000 |
From 1:1 to 1:1000 |
From 1:1 to 1:2000 |
From 1:1 to 1:2000 |
From 1:1 to 1:500 |
| Trust management | No | No | No | No | No | No |
| Accrual of % on the balance | No | No | No | No | No | No |
| Spread | From 1.4 point | From 0 points | From 1.2 point | From 1 point | From 0.2 points | From 0 points |
| Level of margin call / stop out |
100% / 50% | 60% / 40% | 30% / 50% | No / 60% | 40% / 20% | 100% / 50% |
| Execution of orders | Market Execution | Market Execution, Instant Execution | Market Execution | Market Execution, Instant Execution | Market Execution | Market Execution |
| No deposit bonus | No | No | No | No | $5 | No |
| Cent accounts | No | Yes | No | No | Yes | No |
Detailed review of Kridex
Kridex offers unlimited trading opportunities. The absence of a dealing center makes trading transactions cheaper, and the execution of orders using STP and ECN technologies faster. Working with this broker, traders receive modern instruments for trading and passive investment. The broker allows automated trading and provides the VPS server for this purpose.
Kridex by the numbers:
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Over 100 assets for trading;
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Spreads for ECN and Pro accounts are from 0 pips;
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6 ways to deposit and withdraw funds.
Kridex is a company for active trading and passive investments
Kridex is an STP broker that allows you to create ECN and Classic accounts. It is also possible to register a professional trading account. Working through ECN allows you to directly interact with the top 15 international liquidity providers, which are banks. The use of such accounts ensures minimum spreads. The broker actively works with both active clients and passive investors. For those who prefer to copy trades and follow more professional traders, Kridex provides copy trading.
Clients with significant experience in trading can register as Money Managers for trust management of funds. Trading is done through MT4. For convenience, you can use its desktop, mobile, or web versions.
Useful services offered by Kridex:
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VPS hosting. A dedicated server is provided for each trading account, allowing you to run automated trading 24/7. There are three types of VPS. Classic hosting with 1 GB RAM, one processor, and 10 GB SSD. The Pro server has 2 GB RAM, two processors, and 20 GB SSD; and the VIP server sports 3 GB RAM, three processors, and 25 GB SSD;
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Equinix data center. This digital infrastructure increases transaction processing speed, reduces delays, and ensures faster order execution;
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Economic calendar. Traders are provided with real-time up-to-date market data on currency pairs.
Advantages:
Flexible spreads. For ECN and Pro accounts the spread is from 0 pips, subject to favorable market conditions; and on Classic accounts, it is from 1.4 pips;
There are 4 asset classes;
Copy trading and hedging are allowed;
Market information is updated in real-time. You can select by country;
Clients’ funds are kept in separate segregated accounts with leading banks. The regulatory protocol limits the broker’s ability to use clients’ money for operational purposes;
Positive slip. Kridex provides better prices to its clients.
Muslim traders are given the opportunity to create Islamic accounts. Useful services are available to all clients without exception.
User Satisfaction