KLMFX is an OG Group LP-registered forex and financial markets broker. It claims to be one of the largest brokers in the world, with over 1200 employees and reputable liquidity suppliers such as Barclays and HSBC. The company is based in Bahrain. However, it is registered in Edinburgh, Scotland. As a result, it markets itself to Middle Eastern traders, with Arabic language support and the possibility to open Islamic trading accounts.
The MT5 platform is available through the broker. There are 44 price indicators, numerous periods, trading signals, and expert advisers available in the advanced terminal. This market also has a robust set of advanced capabilities, ranging from configurable charting tools to automated trading. A platform is a wonderful option for experienced traders since it offers improved analysis tools in a user-friendly design. The platform can be downloaded from the broker’s website for Windows users. Log in to the web trader if you’re a Mac user.
Cryptocurrencies are not offered.
Fixed spreads start at 1.5 pips for liquid pairings like EUR/USD and go up to 650 pips for EUR/HUF. Commodity spreads differ depending on the asset. Gold has a fixed spread of 0.45, whereas crude oil has a spread of 0.03 and maize has a spread of 0.32. Stock and index spreads differ from broker to broker, although comprehensive data may be obtained on the broker’s assets page.
The company claims to have a leverage of up to 1:800, which is available through their Platinum account. If you don’t want to invest the $20,000 that will offer you this edge, most currency pairings have leverage of 1:500. You’ll need 1:100 leverage if you wish to trade commodities or indexes.
KLM accepts payments through:
The minimum deposits and withdrawals are $250 each, and payments are processed quickly on the broker side.
There are three account types to choose from: Silver, Gold, and Platinum.
The following advantages are available to all accounts:
There is also a demo account accessible. To access simulated trading markets with a virtual bankroll, simply follow the website’s simple signup requirements. If you’re unsure about investing real money, a demo account is a wonderful way to start.
Depending on your account type, incentives can be up to 100% of your deposit. This is a generous deal, but you must deposit at least $20,000 to take advantage of it. On their initial deposit, Silver account holders will receive a 40% bonus, while Gold account holders will receive a 60% bonus.
The welcome bonuses rise as you go through the stages, and you’ll be able to access greater leverage thresholds as well as additional benefits like direct interaction with trading floors and webinar training.
Unfortunately, no other information about the license has been supplied, and the firm does not appear in either of the two regulatory databases. As a result, we might infer that brokerage is not properly regulated. Trading with registered brokers is usually a good idea. When it comes to depositing cash, traders should be cautious.
On the surface, the broker appears to provide a wealth of materials for potential traders, including an economic calendar with worldwide market news and analysis, daily market evaluations, and even an e-book. We attempted to view the e-book but were unable to do so. The educational center, meanwhile, was inaccessible.
The foreign currency market begins at 22:00 GMT on Sundays and is open 24 hours a day until 21:00 GMT on Friday. Trading hours differ for commodities, other commodities, and other assets. On the asset index page of the broker, you may get detailed time information.