FXKM-Some Important Points about the Broker

FXKM | 2021-08-17 11:11

Abstract：FXKM is an online broker registered in Australia, providing a series of financial assets. FXKM is not a recommended broker, as it is not under certain stringent regulation, and it currently holds an authorized representative license from ASIC, which only means it can conduct business in Australia.

General Information& Regulation

FXKM is an online broker registered in Australia, providing a series of financial assets. FXKM is not a recommended broker, as it is not under certain stringent regulation, and it currently holds an authorized representative license from ASIC (regulation number: 001280042), which only means it can conduct business in Australia.

Market Instruments

Tradable financial assets available on the FXKM platform are currency pairs, CFDs on commodities, CFDs on indices, spot metals and stock CFDs.

Minimum Deposit

There seem no several account options offered by FXKM, neither the minimum deposit requirements is mentioned. There is only an account-opening portal like this:

FXKM Leverage

FXKM claims it offers a flexible leverage from 1:1 to 1:2000, and traders can choose the appropriate trading leverage in light of their risk tolerance. However, keep in mind that leverage may increase your profits but also double your risks.

Spreads & Commissions

The FXKM website announced that it can offer tight spreads, with the spread on EURUSD from 0.1 pips. However, since FXKM is an unregulated broker, then it almost cannot happen, and this maybe a trick to attract new investors.

FXKM Trading Platform

FXKM offers two trading platform options, famous MetaTrader4&5 trading platform. The MetaTrader 4 platform offers easy-to-read, interactive charts that allow you to monitor and analyse the markets in real-time. Traders can also have access to more than 30 technical indicators which can help them identify market trends and signals for entry and exit points. MetaTrader 5, better known as MT5, is the latest and most advanced online trading platform developed by MetaQuotes Software. Trading on MT5 via EA Market gives traders even broader access to financial markets including foreign exchange, commodities, CFDs and indices as well as stocks and futures.

Deposits & Withdrawals

The FXKM website displays some payment methods logos, including wire transfer, FasaPay, Thunderx Pay, Visa, Mastercard, American Express and PayPal.