KLMFX Review 2021

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 MetaTrader5 trading platform, but not the hugely popular MetaTrader4 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.

Ratings

40%
Trust
50%
Instruments
71%
Features
BonusNone
InstrumentsForex, stocks, indices, commodities
Demo Account✓
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 ✓

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:

  • Visa
  • Credit Card
  • Skrill
  • Neteller

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 this 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.

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?

No, unfortunately KLMFX is unregulated as far as we know. Prudent traders will want to check out the list of FCA regulated brokers for alternatives.

KLMFX vs Other Brokers

If you want to compare KLMFX with other brokers, use the detailed comparisons below.

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