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Kite Forex

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
Founded2021
Registered Country/RegionAustralia
RegulationNot regulated
Market InstrumentsForex, Metals, Energies and Indices
Demo Account✅
LeverageUp to 1:400
SpreadFrom 3 pips (Mini account)
Trading PlatformMT5, Multi Terminal
Min Deposit$10
Customer SupportPhone: 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.

Kite Forex's homepage

Pros and Cons

Pros Cons
Various trading assetsWide spreads
Demo accounts offeredNot regulated
Popular trading platform MT5Lack 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.

No license

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 TypeMin Deposit
Mini$10-$1000
Premium$5000+
ECN Pro$1000+
ECN Pro+Commission$1000+
Account comparison

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 PlatformSupported Available Devices Suitable for
MT4❌/Beginners
MT5✔Windows, Android and IOSExperienced traders
Multi Terminal✔WebExperienced traders

Deposit and Withdrawal

Payment MethodFeeProcessing Time
Neteller❌Instant
Skrill
WebMoney
Perfect Money
Visa and Maestro
Bank Wire Transfer1 business day
Local Transfer
Local Transfers For DUBAI, UAE, ASIA, EUROPE
BrokerDealer

Related broker

No Regulation
KITE FOREX
Company name:Kite Forex
Score
1.41
Website:https://kiteforex.com/
2-5 years | Suspicious Regulatory License | Suspicious biz area | High potential risk
Score
1.41

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