KLMFX Review 2024
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
Bonus | None |
---|---|
Instruments | Forex, stocks, indices, commodities |
Demo Account | ✓ Yes |
Min. Deposit | $250 |
Min. Trade | 0.01 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 |
|
CFD Trading
CFD products with 1:800 leverage is offered.
Leverage | 1:800 |
---|---|
FTSE Spread | 1.2 |
GBPUSD Spread | 2.4 |
Oil Spread | 0.3 |
Stocks Spread | Variable |
Forex Trading
KLMFX offers online currency trading on majors, minors and exotics.
GBPUSD Spread | 2.4 |
---|---|
EURUSD Spread | 1.5 |
EURGBP Spread | 2.5 |
Assets | 44 |
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
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:
- 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.
- 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.
- AvaTrade - AvaTrade is a leading forex and CFD broker, established in 2006 and regulated across 9 jurisdictions. Over 400,000 users have signed up with the broker which processes over 2 million trades each month. The firm offers multiple trading platforms, including MT4, MT5, and a proprietary WebTrader. 1250+ financial instruments are available for trading, alongside a comprehensive education center and multilingual customer support.
KLMFX Feature Comparison
KLMFX | FP Markets | Admiral Markets | AvaTrade | |
---|---|---|---|---|
Rating | - | 4 | 3.5 | 4.9 |
Markets | Forex, Stocks, Commodities | Forex, Stocks, Commodities, Crypto | Forex, Stocks, Commodities, Crypto | Forex, Stocks, Commodities |
Minimum Deposit | $250 | $100 | $100 | $100 |
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 | ASIC, CySEC, FSCA, ISA, CBol, FSA, FSRA, BVI, ADGM |
Bonus | - | - | - | - |
Education | No | Yes | Yes | Yes |
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 (Retail) 1:400 (Pro) |
Visit | ||||
Review | KLMFX Review |
FP Markets Review |
Admiral Markets Review |
AvaTrade Review |
Trading Instruments Comparison
KLMFX | FP Markets | Admiral Markets | AvaTrade | |
---|---|---|---|---|
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 | Yes |
Silver | Yes | Yes | Yes | Yes |
Corn | No | Yes | No | Yes |
Futures | No | Yes | No | No |
Options | No | No | No | Yes |
ETFs | No | Yes | Yes | Yes |
Bonds | No | Yes | Yes | Yes |
Warrants | No | No | No | No |
Spreadbetting | No | No | Yes | Yes |
Volatility Index | No | Yes | Yes | Yes |
KLMFX vs Other Brokers
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