WikiFX Review: Is KCM Trade Legit?

In this article

WikiFX provides inquiry services in the forex field.

WikiFX evaluates the reliability of KCM Trade based on the facts.

What is WikiFX?

To explore whether KCM Trade is a scammer or not, we evaluated KCM Trade from different aspects, such as regulatory status, exposure, etc.

1. Evaluate the reliability of KCM Trade based on its general information and regulatory status

To understand KCM Trade better, we explore KCM Trade by analyzing the main perspectives:

A. General Info of KCM Trade

B. Regulatory Status

C. Social Media Engagement

A. General Info of KCM Trade

About KCM Trade

KCM Trade, a trademark of Kohle Capital Markets Limited, is a trading firm that provides online brokerage services including forex, metals, energies, indices, and Stock CFDS (Shares).

Account Types

KCM Trade offers two types of trading accounts, MT5 Low spread Account and MT4 Standard Account.

Trading Platforms

MIFX offers traders access to the MetaTrader4 and MetaTrader 5 (MT5) trading platform, renowned for its robust features and advanced capabilities. It also offers KCM Trade WebTerminal.

Spreads & Commissions

The MT5 Low Spread Account boasts spreads 1.2 pips on the EUR/USD. Besides, the MT4 Standard Account offers spreads on the EUR/USD, starting from 1.6 pips.

In terms of commissions, KCM Trade does not provide detailed information on this front. It is possible that the company charges commissions on certain types of trading accounts or for certain assets, so traders should be sure to confirm any potential fees with KCM Trade.

Deposit & Withdrawal

KCM Trade accepts deposits via multiple payment methods including VISA, Mastercard, UnionPay, AMERICAN EXPRESS, PayPal and THAI QR PAYMENT.

B. Regulatory Status

The legitimate license of KCM Trade

KCM Trade is a regulated broker.

C. Social Media Engagement

This broker has official accounts on major social media platforms. These accounts publish promotional activities, including lectures by industry experts regularly. However, the broker mainly focuses on the Indonesian markets.

2. Special survey about KCM Trade from WikiFX

a. Scoring Criteria

WikiFX gives brokers a score from 0 to 10. The higher the score is, the more reliable the broker is.

KCM Trade has been given by WikiFX a decent rating of 8.99/10.

b. Important Event

In 2023, Kohle Capital Markets announced a rebranding of the company to KCM Trade. The company said that this strategic move is a reflection of its unwavering committing to providing unparalleled value and exceptional customer experiences.

Kohle Capital Markets rebrands to KCM Trade

Kohle Capital Markets has announced a rebranding of the company to KCM Trade. The company said that this strategic move is a reflection of its “unwavering committing to providing unparalleled value and exceptional customer experiences.

News 2023-04-18

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3. Conclusion

KCM Trade is a regulated broker. For some traders, it may be an attractive option because of its reputation in the industry. But we still want you to do more research and make yourself comfortable since we received some complaints that you may need to consider.