KLIMEX Spreads, leverage, minimum deposit Revealed

WikiFX | 2021-04-21 14:27

Abstract：Klimex Capital Markets (KlimexCM) is a forex broker based in Australia, offering investors currency, indices, and commodity trading services. klimexCM claims to be a representative of Vantage FX Global, which is fully licensed by the Australian Securities and Investments Commission (ASIC).

　　General Information & Regulation

　　Klimex Capital Markets (KlimexCM) is a forex broker based in Australia, offering investors currency, indices, and commodity trading services. klimexCM claims to be a representative of Vantage FX Global, which is fully licensed by the Australian Securities and Investments Commission (ASIC). However, this ASIC license is suspected to be a clone one.

　　Market Instruments

　　KlimexCM offers investors tradable financial asset classes, including Forex currency pairs, indices, and commodities. Fewer asset classes are available on the KlimexCM platform compared to many other brokers.

　　Minimum Deposit

　　KlimexCM offers its investors two different account types, the standard account, and the original account. Both accounts requires a minimum deposit of $100

　　KlimexCM Leverage

　　When it comes to trading leverage, the maximum trading leverage offered by KlimexCM is relatively high, reaching up to 1:500. Since margin leverage is full of risks, inexperienced traders are not advised to use such high trading leverage in case of heavy fund losses.

　　Spreads & Commissions

　　KlimexCM's standard account has an average spread of 1.8 pips on EURUSD, while the spread on the raw spread account starts from 0.6 pips, and the commission is 6 USD per lot.

　　Trading Platform

　　KlimexCM offers trading through the MetaTrader 4 (MT4) platform. It is a reliable choice for currency traders as it is both simple and comprehensive. Many traders prefer the automated trading environment, where the system (Expert Advisor) can be easily implemented.

　　Deposit & withdrawal

　　KlimexCM supports traders to deposit and withdraw funds through a range of convenient and efficient methods such as wire transfer, credit/debit cards, China UnionPay, Neteller, and Skrill. Wire transfers take a few days to process, while other methods are instant.

　　KlimexCMPros & Cons

　　KlimexCM advantages Include:

　　1. MT4 trading platform

　　2. Minimum deposit requirements acceptable

　　3. A wide range of funding options

　　KlimexCM disadvantages Include:

　　1. Clone license

　　2. Uncompetitive spreads

　　3. Limited tradable assets