Kumo Markets Spreads, leverage, minimum deposit Revealed

WikiFX | 2024-10-18 14:36

Abstract：Founded in 2020, Kumo Markets is an unregulated financial company based in Saint Vincent and the Grenadines. It offers 24 crypto currencies, 65 currency pairs, Commodities, and Indices trading with MT4 platform.

Kumo Markets Review Summary
Founded	2020
Registered Country/Region	Saint Vincent and the Grenadines
Regulation	No Regulation
Market Instruments	24 cryptocurrencies, 65 currency pairs, Commodities, Indices
Demo Account	❌
Leverage	Up to 1:500
EUR/USD Spread	1.8 pip (STP Standard)
Trading Platforms	MT4
Minimum Deposit	$100
Customer Support	Contact form, live chat
	Phone: +44 2080950469
	Email: support@kumomarkets.com
	Address: 65 LONDON WALL, LONDON, ENGLAND, EC2M 5TU. J.JASINSKIO G.16, LT-03163 VILNIUS

　　Founded in 2020, Kumo Markets is an unregulated financial company based in Saint Vincent and the Grenadines. It offers 24 crypto currencies, 65 currency pairs, Commodities, and Indices trading with MT4 platform.

Pros and Cons

Pros	Cons
A wide range of products	No regulation
Diverse account types	Regional restrictions
Multiple customer support channels	No demo accounts
Low minimum deposit
Flexible leverage ratios
MT4 platform

Is Kumo Markets Legit?

　　At present, Kumo Markets lacks valid regulation. Its domain was registered on Feb 8, 2020, and the current status is “client Delete Prohibited, client Renew Prohibited, client Transfer Prohibited, client Update Prohibited”. Please pay high attention to the safety of your funds if you choose this broker.

What Can I Trade on Kumo Markets?

　　On Kumo Markets, you can trade with 24 crypto currencies, 65 currency pairs, Commodities, and Indices.

Tradable Instruments	Supported
Forex	✔
CFDs	❌
Commodities	✔
Indices	✔
Cryptocurrencies	✔
Shares	❌
ETFs	❌
Bonds	❌
Mutual Funds	❌

Account Type/Leverage/Spread & Commission

　　Kumo Markets provides STP Standard, ECN PRO, CORPORATE accounts.

	STP Standard	ECN PRO	CORPORATE
Minimum Deposit	$100	$1,000	$50,000
Leverage	Up to 1:500		Up to 1:100
EUR/USD Spread	1.8	Nearly 0	/
Commission	$0	$8	$6

Trading Platform

　　Kumo Markets provides MT4 platform available for bith windows and android.

Deposit and Withdrawal

　　Kumo Markets supports cryptocurrencies and bank transfers for deposits and withdrawals.

Payment Method	Minimum Deposit Amount	Minimum Withdrawal Amount	Deposit Fee	Withdrawal Fee
Cryptocurrencies	100 USD	50 USD	1%	0%
Bank transfers	5000 USD/1000 EUR		2%	0%