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
- $1000
- MetaTrader4
- MetaTrader5
- FSC
Our Evaluation of KCM Trade
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
KCM Trade is a moderate-risk broker with the TU Overall Score of 5.06 out of 10. Having reviewed trading opportunities offered by the company and reviews posted by KCM Trade clients on our website, Traders Union expert Anton Kharitonov recommends users to thoroughly analyze pros and cons before opening an account with this broker as not all clients are satisfied with the company, according to reviews.
KCM Trade brokerage company offers typical trading conditions. Among the main advantages are a large pool of assets, low trading costs, fast order execution, and no restrictions on trading strategies. Among the disadvantages, the lack of transparency, the absence of most traditional passive income methods, and regional restrictions, though they are present for all brokers, can be noted. A special advantage is the ability to work with the two most popular platforms — MT4 and MT5. The company's experts promptly publish news with analytics, and basic analysis tools are available on the website, but there is no full-fledged training.
Brief Look at KCM Trade
KCM Trade clients can trade currency pairs, indices, metals, and CFDs on stocks and energies. Two real accounts are available for the MetaTrader 5 platform with STP order execution and two for the MetaTrader 4 platform with STP/ECN type order execution. The minimum deposit in both cases is $1,000. Trading starts from 0.01 lots, with a maximum leverage of 1:400. Spreads are floating, starting from 1.2 pips, and there are no trading commissions. The broker provides VPS (Virtual Private Servers) service. The broker has an advisor that traders can use without limitations. The website offers basic analytics and newsfeeds but lacks educational materials. Copy trading is offered for individuals, while legal entities can participate in the IBs program. Technical support is available through multiple channels. The broker is registered in Mauritius and licensed by FSC (the Financial Services Commission).
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- There are many financial instruments, competitive floating spreads, and no additional fees.
- Substantial leverage can significantly increase profit potential even with small capital.
- Order execution speeds of up to 0.25 ms is one of the highest in the segment.
- Traders can earn passively through the copy trading service.
- Newsfeeds, a trader calculator, and an economic calendar are freely available on the website.
- The broker’s clients can scalp, hedge, trade on news events, and use other methods and strategies without limitations.
- The platform has a free advisor and the FIX API function is available without limitations.
- Technical support does not operate on weekends.
- The broker doesn’t work with residents of Cuba, Iran, Syria, North Korea, and a few other countries.
- Only copy trading is presented among alternative earning methods for individuals. However, joint accounts or other popular options for passive income are not included.
TU Expert Advice
Financial expert and analyst at Traders Union
The KCM Trade brand belongs to the fintech company Kohle Capital Markets Ltd, founded in 2016 in Mauritius. From 2016 to 2020, the platform developed actively, but it gained international attention only in 2021. The broker is locally regulated and is under the control of the FSC. A retrospective analysis did not reveal any instances of the broker’s failure to fulfill its obligations to its clients.
Overall, the trading conditions are market average, with some nuances. The broker offers two real accounts, one designed for the MetaTrader 4 platform and the other for MetaTrader 5. From a technical standpoint, the difference between the accounts is that on MT5, order execution is always STP, whereas, for MT4, STP and ECN are used. The minimum deposit in both cases is the same at $1,000. This is not the lowest figure in the market, but it's not the highest, either. The broker allows deposits via bank transfers, cards, crypto wallets, and electronic systems. The same options are available for withdrawals, with no commission charged.
According to the platform's statement, spreads start from 0.6 pips. However, in reality, for MT5, the minimum figure is 1.2 pips; and for MT4, it's 1.6 pips. Again, this parameter is around the market average. Although many companies claim spreads from 0 pips, in reality they are usually higher, starting from 1 pips, and sometimes from 1.5 or 2 pips. Here, the advantage of KCM Trade is that the broker does not charge additional trading commissions.
The asset pool includes currency pairs, indices, and metals. Everything else consists of CFDs on stocks and energies. There is a diverse and well-thought-out asset pool. Moreover, users start trading with flexible leverage up to 1:400 right from the start. According to many experts, this is an ideal leverage ratio. The broker doesn't restrict its clients’s trading methods in any way and even offers an advisor, FIX API, and VPS.
The main downside is that some important aspects of the company's operations are not disclosed on the website. Most of them are available to registered users, and some details must be clarified with the help of client support. Apart from copy trading, there are no alternative earning options, such as joint accounts or individual referral programs. The broker doesn't offer comprehensive education, although the analytics are quite good. There are basic tools like a newsfeed and an economic calendar, and the analytical blog is constantly updated.
Overall, the KCM Trade company may be recommended for consideration.
KCM Trade Trading Conditions
Your capital is at risk. 79.43% of retail investor accounts lose money when trading CFDs with this provider. KCM Trade Ltd and its affiliates do not target EU/EEA/UK clients. It is the user's responsibility to ensure that any use of the website or services adhere to local laws or regulations. Please be aware that you are able to receive investment services at your own exclusive initiative only, ensuring you fully understand all the risks involved.
| 💻 Trading platform: | MetaTrader 4, MetaTrader 5 |
|---|---|
| 📊 Accounts: | Demo, real |
| 💰 Account currency: | USD, EUR |
| 💵 Deposit / Withdrawal: | Bank transfers, bank cards, electronic systems, and crypto wallets |
| 🚀 Minimum deposit: | $1,000 |
| ⚖️ Leverage: | Up to 1:400 |
| 💼 PAMM-accounts: | No |
| 📈️ Min Order: | 0.01 |
| 💱 EUR/USD spread: | 1,6-2,2 pips |
| 🔧 Instruments: | Currency pairs, indices, metals, as well as CFDs on stocks and energies |
| 💹 Margin Call / Stop Out: | No |
| 🏛 Liquidity provider: | No |
| 📱 Mobile trading: | Yes |
| ➕ Affiliate program: | Yes |
| 📋 Order execution: | Market |
| ⭐ Trading features: |
Reasonable minimum deposit, Many financial instruments from different groups, Optimal leverage, Average market spreads, No additional trading commissions, No withdrawal fees, Copy trading, Advisor and VPS are available, and All strategies and trading methods are allowed. |
| 🎁 Contests and bonuses: | Yes (TU rebates) |
Often, if a broker has several real accounts, their minimum deposit differs because the trading conditions differ. KCM Trade clients register accounts for MT4 and MT5, and the minimum deposit remains the same for any account, at $1,000. As for leverage, it's flexible, meaning the trader chooses the leverage they desire. The stated range is from 1:1 to 1:400. Note that leverage varies for different assets, with the highest available only for currency pairs. The broker's technical support is provided by a call center, email, and live chat, with a WhatsApp chat also available. Support operates 24/5.
KCM Trade Key Parameters Evaluation
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Trading Account Opening
To begin cooperating with the broker, register on its official website and open a user account. Additionally, the trader must be verified to open an account and start trading. TU experts have prepared a detailed guide that reduces any questions and describes the main features of the user account.
Go to the broker's website. In the upper right corner, select your preferred language for the interface. Click on “Open Account.”
Enter your first and last names and provide your email address and phone number. Read the broker's privacy policy via the link. Check the box to confirm that you are not a bot. Click on "Start Trading."
Indicate how you would like to be addressed. Choose your nationality and enter your date of birth. Create a password. You will also need to enter a PIN code, which will be sent to the email address you provided. Click the "Submit" button.
Enter your passport details and upload a scan/photo of the main page of your passport. Instead, you can use another document, such as a driver's license. Similarly, you need to verify your residential address. Click on the "Confirm Documents" button. You also have the option to do all of this later in your user account.
In the next window, you can download the trading platform. Additionally, its login details are provided in this window. Below is a button labeled "Access Dashboard," click on it to enter the user account.
Read the cooperation terms and check the boxes in each field. Indicate if you need access to the Trading Center. Click on “Continue.”
Tell the broker about yourself by answering a few questions. Click on "Continue." Wait for your documents to be checked.
Go to the "Accounts" section of the user account. Click on "Open Real Account." Choose the account type and its parameters by following the on-screen instructions.
Go to the "Funds" section, then to "Deposit Funds." Choose a deposit channel and follow the on-screen instructions to fund your account. Wait until the funds are credited to your balance.
If you haven't downloaded the platform before, go to the "Downloads" section and select your preferred version for your account. Additionally, MT4 or MT5 trading platforms can be downloaded from its official website. Note that upon initial registration, an MT4 account will be automatically created for you, but when creating an account later, you can choose any version.
Your KCM Trade user account also provides access to:
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Accounts. Here, the trader opens a demo and a real account, closes them, views statistics, and receives reports.
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Funds. This block contains functions for depositing and withdrawing funds, as well as an archive of transactions and operation statuses.
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Profile. Here, the broker's client can edit personal information, undergo verification, and set security parameters.
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Loyalty program. This option is available in some regions and allows you to receive additional bonuses for active trading.
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Market information. This is a set of tools, including quote charts, an economic calendar, and newsfeeds.
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Downloads. The trader can download various versions of the MT4 or MT5 trading platform.
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Copy trading. Access to the service that allows you to register as a signal provider or investor to passively earn additional income.
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Events. Separate newsfeeds display events related to the broker's operations.
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IB Partnership. This block is dedicated to the Introducing Broker program, which is available to institutional clients only.
Regulation and safety
KCM Trade has a safety score of 3.7/10, which corresponds to a Low security level. The safest brokers are those with Tier-1 regulation, a long history (over 10 years in the market), and participation in investor compensation schemes.
- Is regulated
- Negative balance protection
- Not tier-1 regulated
- Track record of less than 8 years
KCM Trade Regulators and Investor Protection
| Abbreviation | Full Name | Country of regulation | Investor Protection Fund | Regulation Level |
|---|---|---|---|---|
 FSC (Mauritius) |
Financial Services Commission of Mauritius | Mauritius | No specific fund | Tier-3 |
KCM Trade Security Factors
| Foundation date | - |
| Negative balance protection | Yes |
| Verification (KYC) | Yes |
Commissions and fees
The trading and non-trading commissions of broker KCM Trade have been analyzed and rated as High with a fees score of 4/10. Additionally, these commissions were compared with those of the top two competitors, Pepperstone and OANDA, to provide the most comprehensive information.
- No inactivity fee
- No deposit fee
- No withdrawal fee
- Above-average Forex trading fees
- No ECN/Raw Spread account
Trading Fees and Spread
Below, we evaluated and compared the trading commissions of KCM Trade with those of two competitors. We focused on the spreads and other transaction fees directly associated with executing trades (e.g commission per lot on an ECN account). This comparison aimed to provide a clear understanding of the cost efficiency of each broker.
Standard Account Spread
For Standard accounts, KCM Trade’s commissions are part of the floating spread, which varies with market conditions. Typical values are provided, but during high volatility, the spread may exceed these.
KCM Trade Standard spreads
| KCM Trade | Pepperstone | OANDA | |
| EUR/USD min, pips | 1,6 | 0,5 | 0,1 |
| EUR/USD max, pips | 2,2 | 1,5 | 0,5 |
| GPB/USD min, pips | 2,5 | 0,4 | 0,1 |
| GPB/USD max, pips | 3,0 | 1,4 | 0,5 |
Does KCM Trade support RAW/ECN accounts?
As we discovered, KCM Trade does not offer RAW/ECN accounts, which might be a drawback for transparency and liquidity. However, this doesn't make the broker uncompetitive. Consider factors like spread levels, execution speed, regulation, support quality, and trading tools when choosing a reliable broker.
Non-Trading Fees
We conducted a detailed analysis of the non-trading fees associated with KCM Trade. This review offers a comprehensive overview of the additional costs that may impact traders beyond regular trading activities.
KCM Trade Non-Trading Fees
| KCM Trade | Pepperstone | OANDA | |
| Deposit fee, % | 0 | 0 | 0 |
| Withdrawal fee, % | 0 | 0 | 0 |
| Withdrawal fee, USD | 0 | 0 | 0-15 |
| Inactivity fee ($, per month) | 0 | 0 | 0 |
Account types
If a broker offers several trading accounts, choosing the right one takes time. However, with KCM Trade, traders do not face such a problem. Two account types are available, with the same initial deposit and most parameters in common. The accounts differ by trading platform; they are either MT4 or MT5, execution types are either STP only or STP/ECN, and the minimum spread is 1.6 pips on MT4 or 1.2 pips on MT5. According to the broker's statement, an MT4 account is more versatile. It brings trading conditions closer to institutional ones, while an MT5 account provides greater market depth and reduced spreads, making it suitable for investors working with substantial capital. Also, there are no trading volume restrictions on the MT5 account. Thus, if a user decides to cooperate with the MT5 program, they will have to choose an account based on their preferred trading strategies.
Account types:
Additionally, a trader can open a demo account to explore the broker's capabilities and test their trading strategies. The demo has all the parameters of a real MT4 account, but trading is done with virtual money.
Deposit and withdrawal
KCM Trade received a Medium score for the efficiency and convenience of its deposit and withdrawal processes.
KCM Trade provides a reasonable range of deposit and withdrawal options with moderate fees, in line with industry standards.
- Bank card deposits and withdrawals
- No deposit fee
- BTC available as a base account currency
- Bank wire transfers available
- Wise not supported
- PayPal not supported
- Minimum deposit above industry average
What are KCM Trade deposit and withdrawal options?
KCM Trade provides a basic range of deposit and withdrawal options, covering essential methods in line with industry standards. This set of options is sufficient for most traders, with available methods Bank Card, Bank Wire, Skrill, Neteller, BTC, USDT, Ethereum.
KCM Trade Deposit and Withdrawal Methods vs Competitors
| KCM Trade | Plus500 | Pepperstone | |
| Bank Wire | Yes | Yes | Yes |
| Bank card | Yes | Yes | Yes |
| PayPal | No | Yes | Yes |
| Wise | No | No | No |
| BTC | Yes | No | No |
What are KCM Trade base account currencies?
A wide range of base account currencies minimizes the need for currency conversion, potentially reducing transaction costs for clients worldwide. KCM Trade supports the following base account currencies:
What are KCM Trade's minimum deposit and withdrawal amounts?
The minimum deposit on KCM Trade is $500, while the minimum withdrawal amount is $100. These minimums may vary depending on the chosen account type and payment method. For specific details, please contact KCM Trade’s support team.
Markets and tradable assets
KCM Trade offers a limited selection of trading assets compared to the market average. The platform supports 200 assets in total, including 40 Forex pairs.
- Copy trading platform
- Indices trading
- 40 supported currency pairs
- Limited asset selection
- Futures not available
Supported markets vs top competitors
We have compared the range of assets and markets supported by KCM Trade with its competitors, making it easier for you to find the perfect fit.
| KCM Trade | Plus500 | Pepperstone | |
| Currency pairs | 40 | 60 | 90 |
| Total tradable assets | 200 | 2800 | 1200 |
| Stocks | Yes | Yes | Yes |
| Commodity futures | Yes | Yes | Yes |
| Crypto | No | Yes | Yes |
| Stock indices | Yes | Yes | Yes |
| Options | No | Yes | No |
Investment options
We also explored the trading assets and products KCM Trade offers for beginner traders and investors who prefer not to engage in active trading.
| KCM Trade | Plus500 | Pepperstone | |
| Bonds | No | No | No |
| ETFs | No | Yes | Yes |
| Copy trading | Yes | No | Yes |
| PAMM investing | No | No | Yes |
| Managed accounts | No | No | No |
Customer support
What electronic transfer systems are available besides PayPal? What are the current spreads on the MT4 account for currency pairs? How to use FIX API? Many trader questions arise from their carelessness or lack of knowledge. However, brokers may forget to specify important information on their websites, and sometimes, atypical trading situations occur. That's why all companies need high-quality and prompt client support. Users of KCM Trade can contact technical support, which is available through a call center, email, live chat on the website, WhatsApp, and Line chat. It operates 24/5.
Advantages
- Several communication channels
- Broker guarantees prompt, competent responses on weekdays
Disadvantages
- On weekends, support is unavailable
It doesn't matter whether you are an existing broker’s client or just planning to become one. Any trader can contact technical support and receive competent advice.
Here are the current contact methods:
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Multi-channel call center;
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Email;
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Live chat on the website and in the user account;
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WhatsApp and Line chat (active buttons).
The broker is also present on social platforms such as Facebook, YouTube, and LinkedIn. You can also contact client support there, but response times are not guaranteed. It's worth subscribing to the company's profile so as not to miss important news.
Contacts
| Registration address | The Cyberati Lounge, Ground Floor, The Catalyst, Silicon Avenue, 40 Cybercity, 72201 Ebene, Republic of Mauritius |
|---|---|
| Regulation | FSC |
| Official site | https://www.kcmtrade.com/ |
| Contacts |
+230 5297 0961
|
Education
Some brokers offer their clients comprehensive educational courses. But more often, the broker’s platform contains only basic FAQs on how to use its platform, plus a trader's glossary and random articles. In the case of KCM Trade, there is no formal training for beginner traders. The broker's website contains short instructions on collaborative features, plus newsfeeds and an analytics portal.
In a way, the lack of education can not be considered a disadvantage of a broker because it is not uncommon for clients who have never traded at all or have minimal experience to come to the broker. On the other hand, the main task of any brokerage company is to provide the most comfortable and favorable trading conditions for active trading. People come here to trade, not to learn.
Comparison of KCM Trade with other Brokers
| KCM Trade | Eightcap | XM Group | RoboForex | Pocket Option | InstaForex | |
| Trading platform |
MetaTrader4, MetaTrader5 | MT4, MT5, TradingView | MT4, MT5, MobileTrading, XM App | MT4, MT5, R MobileTrader, R StocksTrader, R WebTrader | Pocket Option, MT5, MT4 | MT4, MultiTerminal, MobileTrading, MT5, WebTrader |
| Min deposit | $1000 | $100 | $5 | $10 | $5 | $1 |
| Leverage |
From 1:1 to 1:400 |
From 1:30 to 1:500 |
From 1:1 to 1:30 |
From 1:1 to 1:2000 |
From 1:1 to 1:1000 |
From 1:1 to 1:1000 |
| Trust management | No | No | No | No | No | Yes |
| Accrual of % on the balance | No | No | No | 10.00% | No | No |
| Spread | From 1.2 point | From 0 points | From 0.8 points | From 0 points | From 1.2 point | From 0 points |
| Level of margin call / stop out |
No | 80% / 50% | 100% / 50% | 60% / 40% | 30% / 50% | 30% / 10% |
| Order Execution | Market Execution | Market Execution | Market Execution | Market Execution, Instant Execution | Market Execution | Instant Execution |
| No deposit bonus | No | No | No | No | No | No |
| Cent accounts | No | No | No | Yes | No | Yes |
Detailed Review of KCM Trade
Kohle Capital Markets Ltd implements best practices in brokerage services. For instance, it uses virtual dedicated servers to ensure uninterrupted trading 24/5. The broker processes around 5,000 orders per second, with order execution speed not exceeding 0.25 ms. To ensure security, various methods are applied, including segregating client accounts from company accounts. Also, its internet connection is protected by the SSL protocol, and authentication tokens are in place. The platform employs a microservices architecture for easy scalability and eliminates the risk of a system-wide failure affecting all aspects of the broker's operations. Thus, the security and reliability of KCM Trade are beyond doubt.
KCM Trade by the numbers:
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The minimum starting deposit is $1,000.
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There are separate real accounts for MT4 and MT5.
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There are 200+ financial instruments available for trading.
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The maximum leverage is 1:400.
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Spreads start from 1.2 pips.
KCM Trade is a broker with comfortable trading conditions.
The asset pool is conceptually significant because the more assets are available, the wider the trader's strategic opportunities. Moreover, an extensive range of financial instruments makes building a diversified investment portfolio easy. KCM Trade clients have no issues in this regard, as they can trade currency pairs, indices, metals, and CFDs on stocks and commodities, totaling over 200 assets. Another crucial aspect is leverage. A leverage ratio of 1:400 is more than sufficient for significantly increasing profit potential even with a minimal budget. The ability to choose from two trading platforms is also essential. While MetaTrader 4 and 5 are similar in many ways, there are differences and not just in the interfaces. This customization capability of both platforms is undoubtedly an advantage. Finally, the transparency of the conditions determines the client's comfort level. Traders know exactly what fee KCM Trade charges them for each trading operation or transaction.
KCM Trade’s analytical services:
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News analytics. One section on the broker's website contains newsfeeds, while another publishes analytical podcasts by the company's own experts.
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Economic calendar. This is a fundamental analysis tool that comprises a table with the most important events, each with the affected asset and its forecast.
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IB Partnership. A legal entity and client of the company can apply for a partnership to receive marketing materials and special mechanisms to attract users and bonuses.
Advantages:
The broker offers narrow spreads with no additional commissions during trading.
KCM Trade's asset pool includes over 200 assets from different groups such as FX, indices, metals, CFDs on indices, and commodities.
Traders are not limited to trading methods and strategies; they can also use advisors.
Various deposit and withdrawal options are available, including bank transfers, cards, electronic systems, and crypto wallets.
The platform is characterized by high-order execution speeds, reliability, and security.
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