KOALA Spreads, leverage, minimum deposit Revealed

　　Note: KOALA' official website: https://www.koalafx.net/en/ is currently inaccessible normally.

　　KOALA is a provider of forex trading, offering margin fx and commodities with single live account type through the MT4 trading platform. But there are risks to trade with it due to unregulated status and unavailable websites.

Pros and Cons

Is KOALA Legit?

　　Upon reviewing the NFA register, we discovered that while KOALA FOREX LIMITED is registered with the regulator and located in California, its registration is for an “Exempt Commodity Pool Operator” and an “Exempt Commodity Trading Advisor,” rather than for a Forex Dealer. Consequently, KOALA FOREX Ltd is not an NFA member and is not subject to the same regulations—such as maintaining a minimum net capital of $20,000,000—that licensed NFA forex brokers like OANDA, which is an Approved NFA Forex Dealer and Member, must comply with. Therefore, KOALA FOREX Ltd essentially operates as an unregulated broker.

What Can I Trade on KOALA?

　　KOALA provides forex and commodities trading.

Account Type & Leverage

　　KOALA only offers a single live account type with the maximum leverage of 1:100. With KOALA FOREX Ltd, you can also open a demo account.

Trading Platform

　　KOALA is operated under MT4 trading platform.

Customer Service

　　KOALA only supports email to contact.

The Bottom Line

　　In conclusion, KOALA is not good choice for traders. It is not licensed and supervised by a respected financial authority that is associated with unreasonably high risk.

FAQs

　　Is KOALA safe?

　　No. It is not regulated well and does not operate a accessible website.

　　Is KOALA good for day trading?

　　No.

　　What security measures does KOALA have in place to protect my funds and personal information?

　　No.