Introduction
KafTrade.com is an online trading platform that offers a variety of financial instruments for trade, including forex, CFDs, and cryptocurrencies. The company is based in the UK and is regulated by the Financial Conduct Authority (FCA).
What is KafTrade.com?
KafTrade.com is an online broker that specializes in Forex and CFD trading. The company is based in Cyprus and is regulated by the Cyprus Securities and Exchange Commission (CySEC). KafTrade.com offers its clients a choice of two trading platforms: the MetaTrader 4 (MT4) platform and the KafTrade WebTrader platform. Both platforms are available for desktop, web, and mobile devices.
KafTrade.com provides its clients with a variety of educational resources, including a blog, economic calendar, market analysis, video tutorials, and more. The broker also offers 24/7 customer support via live chat, email, or phone.
Pros:
-Choice of two trading platforms
-MetaTrader 4 (MT4) platform available
-Regulated by CySEC
-24/7 customer support
Cons:
-No US clients accepted
KafTrade Regulations
KafTrade is a regulated broker, which means that it adheres to strict financial rules and regulations. The company is authorized and regulated by the Cyprus Securities and Exchange Commission (CySEC), under license number 198/13. KafTrade is also a member of the Investor Compensation Fund (ICF), which protects clients’ investments up to €20,000 in the event that the broker becomes insolvent.
KafTrade offers two types of trading platforms: the MetaTrader 4 (MT4) platform and the WebTrader platform. The MT4 platform is a widely used trading platform that is available for desktop, web, and mobile devices. It is user-friendly and features a variety of technical indicators and charting tools. The WebTrader platform is an online trading platform that does not require any software download. It is simple to use and ideal for beginners.
Pros:
– Regulated by CySEC
– Member of ICF
– Two types of trading platforms available
– User-friendly platforms
Cons:
– Limited asset selection
Pros and Cons of KafTrade
KafTrade is a popular online trading platform that offers a wide range of features and services to its users. However, like all trading platforms, it has its own set of pros and cons. In this KafTrade review, we will take a look at the various aspects of the platform to see if it is right for you.
Pros:
– Wide range of features: KafTrade offers a wide range of features and services to its users. This includes advanced charting tools, Trade Interceptor, market news, and more.
– User-friendly interface: The platform has a user-friendly interface that makes it easy to use for even the most novice of traders.
– Excellent customer support: KafTrade has excellent customer support that is always on hand to help with any issues you may have.
Cons:
– Limited payment methods: KafTrade only accepts a limited number of payment methods, which can be inconvenient for some users.
– High fees: The fees charged by KafTrade are on the higher end when compared to other similar platforms.
KafTrade Rating
KafTrade.com is a forex broker that has been in operation since 2006. The company is based in Belize and is regulated by the International Financial Services Commission (IFSC). KafTrade offers the MetaTrader 4 and MetaTrader 5 trading platforms and provides access to over 50 currency pairs, CFDs, and precious metals.
The minimum deposit for a live account is $100, and the minimum trade size is 0.01 lots. Leverage is up to 1:500 for retail clients and 1:200 for professional clients. Spreads start at 0.1 pips on EUR/USD, and the average commission on trades is $3 per round turn lot.
KafTrade has mixed reviews online, with some praising the company for its customer service and low spreads, and others criticizing it for its high commissions and lack of transparency around fees. Overall, the company has a 3 out of 5 star rating on Forex Peace Army.
Conclusion
Overall, KafTrade.com is a reliable and safe online trading platform with a wide range of features and tools for traders of all levels. The site is regulated by top financial authorities, offers multiple account types and platforms, and has a good reputation among traders. However, it does have some cons, such as high fees for some account types and platforms, and not all features are available to everyone. If you’re looking for an online trading platform that offers a lot of value for your money, KafTrade.com is definitely worth considering.