KITE FOREX Spreads, leverage, minimum deposit Revealed

WikiFX | 2024-10-24 17:10

Abstract：Kite Forex was registered in Australia in 2021. It provides various trading assets, including Forex, Metals, Energies and Indices with leverage up to 1:400 and from up to 3 pips on the Mini account via the MT5 and Multi Terminal platforms. However, currently it is not regulated.

Kite ForexReview Summary
Founded	2021
Registered Country/Region	Australia
Regulation	Not regulated
Market Instruments	Forex, Metals, Energies and Indices
Demo Account	✅
Leverage	Up to 1:400
Spread	From 3 pips (Mini account)
Trading Platform	MT5, Multi Terminal
Min Deposit	$10
Customer Support	Phone: support@kiteforex.com
	Skype: support@kiteforex
	Phone: +1 7252570245
	Address: KiteForex Ground Floor 60,Hindmarsh Square Adelaide, SA 5000, Australia

　　Kite Forex was registered in Australia in 2021. It provides various trading assets, including Forex, Metals, Energies and Indices with leverage up to 1:400 and from up to 3 pips on the Mini account via the MT5 and Multi Terminal platforms. However, currently it is not regulated.

Pros and Cons

Pros	Cons
Various trading assets	Wide spreads
Demo accounts offered	Not regulated
Popular trading platform MT5	Lack of transparency
Low minimum deposit

Is Kite Forex Legit?

　　Kite Forex is not regulated by any financial authorities. It means that it doesn't need to obey the rules of any regulations. Traders should be cautious when trading.

What Can I Trade on Kite Forex?

Tradable Instruments	Supported
Forex	✔
Metals	✔
Energies	✔
Indices	✔
Cryptos	❌
Stocks	❌
Options	❌

Account Type

　　Kite Forex offers four account types: Mini, Premium, ECN Pro and ECN Pro+Commission, and it also offers demo accounts.

Account Type	Min Deposit
Mini	$10-$1000
Premium	$5000+
ECN Pro	$1000+
ECN Pro+Commission	$1000+

Leverage

　　Kite Forex's maximum leverage is up to 1:400 for the Mini account. And the other accounts hold the same maximum leverage of 1:200. Note that high leverage can bring high gains and losses.

Spreads and Commissions

　　The spread of Kite Forex varies by the accounts. The Mini account's spread is from up to 3 pips, the Premium account is from up to 2 pip, the ECN Pro and ECN Pro+Commission accounts are from up to 1 pip. Besides, only the ECN Pro+Commission account needs a commission of $8/lot, while other account types are free of commission.

Trading Platform

Trading Platform	Supported	Available Devices	Suitable for
MT4	❌	/	Beginners
MT5	✔	Windows, Android and IOS	Experienced traders
Multi Terminal	✔	Web	Experienced traders

Deposit and Withdrawal

Payment Method	Fee	Processing Time
Neteller	❌	Instant
Skrill
WebMoney
Perfect Money
Visa and Maestro
Bank Wire Transfer		1 business day
Local Transfer
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