KLMFX Review 2024

KLMFX offers traditional assets and markets on the MetaTrader 5 platform.

KLMFX is a multiple award-winning broker that offers traders Forex, stocks, indices, commodities. Interestingly, KLMFX supports the MetaTrader 5 trading platform, but not the hugely popular MetaTrader 4 predecessor at this point.

In terms of features offered to traders, KLMFX has Demo Accounts, Islamic Accounts, Signals and Auto Trading but is missing Social Trading.

Please note that KLMFX is an unregulated broker. With no regulatory oversight a broker can offer higher leverage and other features that regulated brokers can not, but it also means that traders need to be more careful. Don't deposit large sums before you feel confident that the operator is trustworthy.

KLMFX Summary

KLMFX offers traditional assets and markets on the MetaTrader 5 platform.

KLMFX is #97 in our rankings of CFD brokers.

Ratings

40%
Trust
50%
Instruments
71%
Features
BonusNone
InstrumentsForex, stocks, indices, commodities
Demo Account ✓ Yes
Min. Deposit $250
Min. Trade0.01 Lots
Regulated By
MetaTrader 4
MetaTrader 5
cTrader
DMA Account
ECN Account
Mobile Apps
Auto Trading
Trade Signals
Social Trading
Copy Trading
Islamic Account
Commodities
  • Gold
  • Silver

CFD Trading

CFD products with 1:800 leverage is offered.

Leverage1:800
FTSE Spread1.2
GBPUSD Spread2.4
Oil Spread0.3
Stocks SpreadVariable

Forex Trading

KLMFX offers online currency trading on majors, minors and exotics.

GBPUSD Spread2.4
EURUSD Spread1.5
EURGBP Spread2.5
Assets44

Payment Methods

KLMFX accepts the following payment methods:

Awards

KLMFX is a multiple award-winning broker, with 3 awards received so far.

  • Best Broker for Experience and Technology 2015
  • Best Broker for Customer Service 2015
  • Best Broker for Analysis and Reports 2014
Risk Warning – Your capital is at risk

FAQ

Is KLMFX Safe?

Yes, most likely, as we gave KLMFX a trust score of 40% in our review. The main negative factor in this score is that KLMFX is not FCA regulated. However, very careful traders might want to find an alternative in our top list of UK brokers.

Does KLMFX Accept PayPal?

No, KLMFX does not accept PayPal payments. See our list of brokers that accept PayPal for alternatives.

Is KLMFX Halal?

Yes, KLMFX does offer an Islamic trading account and should thus be Halal to trade with.

What trading platforms does KLMFX support?

KLMFX only supports the MetaTrader 5 trading platform at this time.

Is KLMFX Regulated in the UK?

No, KLMFX is unfortunately not regulated by the FCA here in the UK. See our list of FCA regulated brokers for safer options

Is KLMFX Regulated?

No, unfortunately KLMFX is not regulated to our knowledge. Careful traders might want to check out our list of FCA regulated brokers for options.

Compare KLMFX with Other Brokers

These brokers are the most similar to KLMFX:

  1. FP Markets - FP Markets is an ASIC- and CySEC-regulated broker that offers forex and CFD trading on a broad range of assets through the MT4, MT5 and IRESS platforms. With trading available through standard and raw spread accounts on thousands of international stocks, forex, indices, commodities, cryptocurrencies, bonds and ETFs, this broker has some of the most comprehensive market coverage available. FP Markets also offers a full range of additional features, including educational resources and access to powerful software such as Autochartist.
  2. Admiral Markets - Admirals is an FCA- and ASIC-regulated broker with an excellent range of leveraged instruments, including forex, stocks, indices, ETFs, commodities, cryptos and more. The broker supports the MetaTrader 4, MetaTrader 5 and TradingCentral platforms. With both spread betting and CFDs available and thousands of instruments, this broker provides more flexibility than most rivals.
  3. Swissquote - Swissquote is a Switzerland-based bank and broker that offers online trading and investing. The company has a high safety score and is listed on the Swiss stock exchange. The firm offers a huge range of products, from stocks, ETFs, bonds and futures to 400+ forex and CFD assets. Hundreds of thousands of traders have opened an account with the multi-regulated brokerage. Clients can get started in three easy steps while 24/7 customer support is available to assist new users.

KLMFX Feature Comparison

KLMFX Compared With Similar Brokers
KLMFX FP Markets Admiral Markets Swissquote
Rating - 4 3.5 4
Markets Forex, Stocks, Commodities Forex, Stocks, Commodities, Crypto Forex, Stocks, Commodities, Crypto Forex, Stocks, Commodities
Minimum Deposit $250 $100 $100 $1000
Minimum Trade 0.01 Lots 0.01 Lots 0.01 Lots 0.01 Lots
Demo Account Yes Yes Yes Yes
Regulators - ASIC, CySEC, ESMA FCA, CySEC, ASIC, JSC FCA, FINMA, DFSA, SFC
Bonus - - - -
Education No Yes Yes No
Platforms MT5 MT4, MT5, cTrader MT4, MT5 MT4, MT5
Leverage 1:800 1:30 (UK), 1:500 (Global) 1:30 (EU), 1:500 (Global) 1:30
Visit
Review KLMFX
Review
FP Markets
Review
Admiral Markets
Review
Swissquote
Review

Trading Instruments Comparison

Comparison of KLMFX Trading Instruments
KLMFX FP Markets Admiral Markets Swissquote
CFD Yes Yes Yes Yes
Forex Yes Yes Yes Yes
Stocks Yes Yes Yes Yes
Crypto No Yes Yes No
Commodities Yes Yes Yes Yes
Oil No Yes No Yes
Gold Yes Yes Yes Yes
Copper No Yes Yes No
Silver Yes Yes Yes Yes
Corn No Yes No No
Futures No Yes No Yes
Options No No No Yes
ETFs No Yes Yes Yes
Bonds No Yes Yes Yes
Warrants No No No No
Spreadbetting No No Yes No
Volatility Index No Yes Yes No

KLMFX vs Other Brokers

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KLMFX offers traditional assets and markets on the MetaTrader 5 platform.