KCM Trade Review 2024
Website: www.mitrade.com
Min. Deposit: US$
Leverage: 1:30 | 1:200
Trading Platforms: Mitrade Trading Platform
Regulation: ASIC, CIMA, FSC
Headquarters: Australia
Founded: 2011
Regulatory Licenses:
- Kohle Capital Markets Limited - authorized by ASIC registration number ABN 26 612 429 553
- Kohle Capital Markets Limited - FSC (Mauritius) license number C117022600
Updated on January 11, 2024
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KCM Trade stands out as a highly regulated broker, offering a diversified portfolio of trading options encompassing Forex, Precious Metals, Energy CFDs, Indices, and Stock CFDs. The platform prides itself on offering maximum leverage of up to 1:400, competitive spreads starting from 1.2, and a commitment to rapid execution to ensure a smooth trading experience for its clients. KCM Trade also promotes ease of use through quick deposit and withdrawal processes, adding to its appeal among traders.
Our extensive research, which surveyed over 1000 brokers, identifies KCM Trade as a broker with an outstanding reputation and strict adherence to regulatory standards. It offers a competitive fee structure that is lower than many leading brokers. The broker provides high leverage, surpassing the market average at 1:400, granting traders greater potential for returns. Furthermore, KCM Trade's spreads are notably competitive and maintained at a low level, enhancing cost efficiency for its clients. The platform facilitates trading 24 hours a day, 5 days a week, ensuring traders have flexible and accessible entry to global markets. The required minimum deposit to start trading is $500, aligning with the industry standard.
Pros
Competitive fee structure
High leverage of 1:400
Low spreads enhancing cost efficiency
24/5 trading hours for flexibility and global market access
Minimum deposit requirement aligns with industry standard
Cons
Limited information on educational resources and tools for beginners
Is KCM Trade Safe or a Scam? ▲
KCM Trade is not a scam; it is a trustworthy brokerage firm, regulated by multiple authorities that enforce strict rules and guidelines on the broker's operations. KCM Trade is legitimately licensed by top-tier entities, including the Australian Securities and Investments Commission (ASIC) under Kohle Capital Markets Pty Ltd, holding an Australian Financial Services License, thus ensuring compliance with Australian laws and regulations governing its operations. Additionally, the broker is regulated by the Mauritius Financial Services Commission with license number C117022600. A significant advantage is the secure segregation of client funds in accounts with major banks, adhering to stringent Clients’ Fund Management Practices. This emphasizes the separation of client and operational funds, enhancing transparency and safeguarding clients’ assets. Our KCM Trade Trust Score ranks at 4.5 out of 5, reflecting its good reputation and services provided, although it is notable that trading services are also accessible via offshore entities.
Leverage levels at KCM Trade vary according to the regulatory entity under which a trader's account is opened. Since leverage is a heavily regulated aspect, it is crucial to understand the regulations specific to each entity. In Australia, KCM Trade complies with the Australian Securities and Investments Commission (ASIC) regulations, resulting in relatively low leverage levels under this jurisdiction. Conversely, for traders looking for higher leverage opportunities, the Mauritius Financial Services Commission jurisdiction allows for leverage levels up to 1:400. This offers increased flexibility and the potential for higher returns, highlighting the importance of understanding the regulatory environment pertaining to leverage.
KCM Trade offers traders a choice between two distinct account types: the MT5 Low Spread Account and the MT4 Standard Account. These accounts are available through the MetaTrader 4 or MetaTrader 5 trading platforms, allowing traders to choose the platform and account type that best suits their trading style and strategy preferences.
The MT4 Standard Account is notably popular among investors for its user-friendly interface and comprehensive functionality. It provides traders with access to institutional-level trading conditions, advanced tools, and features, all within a seamless trading environment. The starting spreads for this account type are from 1.6 pips.
The MT5 Low Spread Account, on the other hand, offers lower spreads and utilizes newer technology alongside deeper market access. This account type is designed to equip traders with the tools and stability needed for effective trading.
It's important to note that account specifications and the availability of trading products may vary based on the trader's country of residence.
Trading with KCM Trade opens access to a wide array of market instruments, including Forex, Precious Metals, Energy CFDs, Indices, and Stock CFDs. This diverse offering caters to a wide range of investment preferences and trading strategies, allowing traders to diversify their portfolios.
KCM Trade provides access to over 40 currency pairs on the global financial markets, offering low spreads and fast order execution. In the realm of Precious Metals trading, it facilitates transactions involving assets like gold and silver. Leverage options vary across instruments, with Forex and Precious Metals offering up to 1:400, Energy CFDs and Indices up to 1:100, and Stock/Shares CFDs up to 1:20.
The Range Score for KCM Trade is rated 4.0 out of 5 for its selection of popular trading products. However, it is noted that some popular asset classes are not available for trading.
Our research reveals that KCM Trade does not charge fees for deposits or withdrawals, positioning it as an economically favorable option for traders.
While the broker may apply commissions to certain account types or assets, traders are encouraged to confirm any potential fees directly with KCM Trade to ensure transparency.
Compared to over 1000 brokers, KCM Trade's fee structure receives an average rating of 4.0 out of 5.
Spreads are a vital component of KCM Trade's revenue, reflecting market volatility and liquidity and indicating market uncertainty and risk.
KCM Trade offers the MT5 Low Spread Account and the MT4 Standard Account, with the former featuring spreads as low as 1.2 pips on the EUR/USD pair, while the latter starts from 1.6 pips for the same pair.
Based on our comprehensive testing and comparison with other brokers, KCM Trade's spreads are competitively low, earning an overall rating of 4.3 out of 5. The Forex spreads are notably lower than the industry average, and spreads for other instruments remain competitive.
KCM Trade accommodates a plethora of avenues for account funding and withdrawal, catering to the diverse preferences of its clientele. The expedience of these transactions varies with the choice of payment method, emphasizing the importance of selecting an option that facilitates both swift deposits and withdrawals to ensure fluid financial operations. Services are accessible around the clock, with most transactions processed within a 24-hour timeframe. It is critical to acknowledge that KCM Trade is not liable for any delays caused by the payment systems themselves.
The funding methods at KCM Trade have been rated favorably, achieving a score of 4.0 out of 5. This assessment reflects the broker's competitive fees and the variety of available payment options.
Pros
No fees for deposits or withdrawals
Fast processing for both deposits and withdrawals
Withdrawal services available 24/7
Cons
Limited payment options in certain regions
Among the deposit methods offered, traders can choose from:
Credit Cards or Debit Cards
UnionPay
AMERICAN EXPRESS
PayPal
THAI QR PAYMENT
It's recommended to verify available payment options based on geographical location with the support team.
The minimum deposit required to commence trading with KCM Trade is set at $500, aligning with industry standards.
Withdrawal processes at KCM Trade are designed to be straightforward, typically concluding within one business day, depending on the withdrawal method selected. Withdrawals must be made to the same bank card used for deposit, adhering to the policy of matching deposit and withdrawal methods.
KCM Trade provides access to both MT4 and MT5 trading platforms, accommodating a range of trading preferences with desktop and mobile compatibility. These platforms are renowned for their comprehensive features, including advanced charting tools, real-time market data, and support for algorithmic trading. The acclaim and high ratings of MT4 and MT5 highlight their effectiveness and utility in the trading community.
MT4 offers an extensive array of functionalities, including instant trade execution, sophisticated charting tools, and the ability to engage in algorithmic trading with custom indicators and expert advisors. Its accessibility across different devices adds to its convenience for traders.
MT5 extends the capabilities of its predecessor with advanced charting tools, multiple timeframes, and a robust algorithmic trading system. It also provides traders with real-time market data and news updates, facilitating an informed trading experience.
KCM Trade's platforms have been awarded an exceptional score of 4.5 out of 5, outshining many of the 1000 brokers analyzed. This high rating is attributed to the broker's commitment to offering the acclaimed MT4 and MT5 platforms.
Effective customer support is paramount for a satisfactory trading experience. KCM Trade excels in this domain, providing prompt and knowledgeable assistance through phone, live chat, and email. The quality of customer support at KCM Trade has earned a score of 4.0 out of 5, based on comprehensive testing. The support team's responsiveness and the ease of obtaining assistance during working hours contribute to this positive rating.
KCM Trade is dedicated to empowering traders with the necessary knowledge and resources to navigate the trading environment effectively. The broker's educational content covers a broad spectrum of topics, from starting trading to managing accounts and utilizing trading platforms. This educational support is rated at 3.5 out of 5, reflecting the broker's commitment to providing valuable guidelines and insights to both novice and experienced traders.
KCM Trade distinguishes itself as a customer-centric broker, offering a secure and regulated platform that caters to a wide array of trading needs. The broker's offerings, including STP/ECN execution, currency and CFD trading, and the MT4 and MT5 platforms, make it a compelling choice for traders seeking competitive pricing and favorable conditions. The broker's commitment to low spreads, high leverage options up to 1:400, and support for various trading strategies ensures a comprehensive and rewarding trading experience. Additionally, KCM Trade's rigorous regulation, efficient customer support, and substantial educational resources underscore its status as a reputable and reliable broker.
Based on our extensive research, KCM Trade excels in offering:
STP/ECN Execution Type
Currency Trading and CFD Trading
MT4, MT5 platforms
Hedging
Low spreads
High leverage up to 1:400
EAs
Suitable for a Variety of Trading Strategies
Tight regulation
Good customer support
Sufficient education
