KRONOSINVEST Spreads, leverage, minimum deposit Revealed

WikiFX | 2021-04-21 14:27

Abstract：Kronosinvest is a Forex and CFD economist based in Estonia, founded in 2019, and currently not subject to any effective regulation.

　　General Information & Regulation

　　Kronosinvest is a Forex and CFD economist based in Estonia, founded in 2019, and it is currently not subject to any effective regulation.

　　Markets Instruments

　　Kronosinvest provides investors with financial instruments such as Forex currency pairs, indices, stocks, CFDs, and cryptocurrencies.

　　Minimum Deposit

　　Kronosinvest offers four different types of accounts: Standard (minimum deposit of $250), Premium (minimum deposit of $1,000), VIP (minimum deposit of $2,500), and Quarry VIP (minimum deposit of $50,000).

　　Kronosinvest Leverage

　　When it come to trading leverage, it differs depending on various trading accounts. The maximum leverage for standard accounts is relatively high, reaching up to 1:500. Since leverage, can amplify both profits as well as losses, choosing the right amount is a key risk determination for traders.

　　Spreads & Commissions

　　Kronosinvest charges a monthly fee of 10% for accounts that have been inactive for three consecutive months, with the purpose of forcing traders to increase their trading volume. Additionally, Kronosinvest applies volume requirements to bonus withdrawals, which is clearly a super favorable condition to the Kronosinvest itself instead of investors.

　　Trading Platforms

　　Kronosinvest offers investors both an MT4 trading platform and a web-based trading platform, where MT4 is provided by a third-party company and is not Kronosinvest's main label MT4.

　　Deposit & Withdrawal

　　Kronosinvest supports traders to deposit and withdraw funds to and from their accounts via various methods such as VISA, MasterCard, wire transfer, and the popular Skrill, Neteller, Jeton, etc.

　　Pros & cons of Kronosinvest

　　Kronosinvest Advantages Include:

　　1. Four types of accounts available

　　Kronosinvest Disadvantages Include:

　　1. No regulation

　　2. Trading conditions (spreads, commissions, and other fees) not provided

　　3. High inactive account fees & trading volume requirements

　　4. Mandatory installation of Anydesk for users

　　5. MT4 provided by a third party