KLMFX Review 2024
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| KLMFX offers traditional assets and markets on the MetaTrader 5 platform. | ||
KLMFX is a multiple award-winning broker that offers traders Forex, stocks, indices, commodities. Interestingly, KLMFX supports the MetaTrader 5 trading platform, but not the hugely popular MetaTrader 4 predecessor at this point.
In terms of features offered to traders, KLMFX has Demo Accounts, Islamic Accounts, Signals and Auto Trading but is missing Social Trading.
Please note that KLMFX is an unregulated broker. With no regulatory oversight a broker can offer higher leverage and other features that regulated brokers can not, but it also means that traders need to be more careful. Don't deposit large sums before you feel confident that the operator is trustworthy.
KLMFX Summary
KLMFX offers traditional assets and markets on the MetaTrader 5 platform.
KLMFX is #91 in our rankings of CFD brokers.
Ratings
| Bonus | None |
|---|---|
| Instruments | Forex, stocks, indices, commodities |
| Demo Account | ✓ Yes |
| Min. Deposit | $250 |
| Min. Trade | 0.01 Lots |
| Regulated By | |
| MetaTrader 4 | ✗ |
| MetaTrader 5 | ✓ |
| cTrader | ✗ |
| DMA Account | ✗ |
| ECN Account | ✗ |
| Mobile Apps | ✓ |
| Auto Trading | ✓ |
| Trade Signals | ✓ |
| Social Trading | ✗ |
| Copy Trading | ✗ |
| Islamic Account | ✓ |
| Commodities |
|
CFD Trading
CFD products with 1:800 leverage is offered.
| Leverage | 1:800 |
|---|---|
| FTSE Spread | 1.2 |
| GBPUSD Spread | 2.4 |
| Oil Spread | 0.3 |
| Stocks Spread | Variable |
Forex Trading
KLMFX offers online currency trading on majors, minors and exotics.
| GBPUSD Spread | 2.4 |
|---|---|
| EURUSD Spread | 1.5 |
| EURGBP Spread | 2.5 |
| Assets | 44 |
Payment Methods
KLMFX accepts the following payment methods:
Awards
KLMFX is a multiple award-winning broker, with 3 awards received so far.
- Best Broker for Experience and Technology 2015
- Best Broker for Customer Service 2015
- Best Broker for Analysis and Reports 2014
FAQ
Is KLMFX Safe?
Yes, most likely, as we gave KLMFX a trust score of 40% in this review. The main negative factor in this score is that KLMFX is not FCA regulated. However, very careful traders might want to find an alternative in our top list of UK brokers.
Does KLMFX Accept PayPal?
No, KLMFX does not accept PayPal payments. See our list of brokers that accept PayPal for alternatives.
Is KLMFX Halal?
Yes, KLMFX does offer an Islamic trading account and should thus be Halal to trade with.
What trading platforms does KLMFX support?
KLMFX only supports the MetaTrader 5 trading platform at this time.
Is KLMFX Regulated in the UK?
No, KLMFX is unfortunately not regulated by the FCA here in the UK. See our list of FCA regulated brokers for alternatives
Is KLMFX Regulated?
No, unfortunately KLMFX is unregulated as far as we know. Prudent traders will want to check out the list of FCA regulated brokers for alternatives.
Top 3 KLMFX Alternatives
These brokers are the most similar to KLMFX:
- IG Index - Founded in 1974, IG is part of IG Group Holdings Plc, a publicly traded (LSE: IGG) brokerage. The brand offers spread betting, CFD and forex trading across an almost unrivalled selection of 17,000+ markets, with a range of user-friendly platforms and investing apps. For 50 years, IG has maintained its position as an industry leader, excelling in all key areas for traders.
- Swissquote - Swissquote is a Switzerland-based bank and broker that offers online trading and investing. The company has a high safety score and is listed on the Swiss stock exchange. The firm offers a huge range of products, from stocks, ETFs, bonds and futures to 400+ forex and CFD assets. Hundreds of thousands of traders have opened an account with the multi-regulated brokerage. Clients can get started in three easy steps while 24/7 customer support is available to assist new users.
- FXPrimus - FXPrimus is an award-winning CySEC-regulated brokerage offering CFD trading on 200+ instruments via the MetaTrader 4, MetaTrader 5 and cTrader platforms. The choice between a competitive commission-free account and two affordable raw spread options make this an accessible broker for anyone seeking forex, stocks, indices and commodities with high leverage.
KLMFX Feature Comparison
| KLMFX | IG Index | Swissquote | FXPrimus | |
|---|---|---|---|---|
| Rating | 0.8 | 4.7 | 4 | 2.3 |
| Markets | Forex, stocks, indices, commodities | CFDs, Forex, Stocks, Indices, Commodities, ETFs, Futures, Options, Crypto, Spread Betting | Forex, CFDs, Indices, Stocks, ETFs, Bonds, Options, Futures, Cryptos (location dependent) | CFDs, Forex, Stocks, Cryptos, Futures, Options, Commodities, Bonds |
| Minimum Deposit | $250 | $0 | $1000 | $15 |
| Minimum Trade | 0.01 Lots | 0.01 Lots | 0.01 Lots | 0.01 Lots |
| Demo Account | Yes | Yes | Yes | Yes |
| Regulators | - | FCA, ASIC, NFA, CFTC, DFSA, BaFin, MAS, FSCA, FINMA, CONSOB, AFM | FCA, FINMA, DFSA, SFC, AFM | CYSEC, MIFID, ICF, FCA, BaFin, VFSC |
| Bonus | - | - | - | - |
| Education | No | Yes | No | No |
| Platforms | MT5 | MT4 | MT4, MT5 | MT4, MT5, cTrader |
| Leverage | 1:800 | 1:30 (Retail), 1:222 (Pro) | 1:30 | 1:1000 |
| Visit | 69% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money. |
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| Review | KLMFX Review |
IG Index Review |
Swissquote Review |
FXPrimus Review |
Trading Instruments Comparison
| KLMFX | IG Index | Swissquote | FXPrimus | |
|---|---|---|---|---|
| CFD | Yes | Yes | Yes | Yes |
| Forex | Yes | Yes | Yes | Yes |
| Stocks | Yes | Yes | Yes | Yes |
| Crypto | No | No | No | Yes |
| Commodities | Yes | Yes | Yes | Yes |
| Oil | No | Yes | Yes | Yes |
| Gold | Yes | Yes | Yes | Yes |
| Copper | No | Yes | No | No |
| Silver | Yes | Yes | Yes | Yes |
| Corn | No | No | No | No |
| Futures | No | Yes | Yes | Yes |
| Options | No | Yes | Yes | Yes |
| ETFs | No | Yes | Yes | No |
| Bonds | No | Yes | Yes | Yes |
| Warrants | No | Yes | No | No |
| Spreadbetting | No | Yes | No | No |
| Volatility Index | No | Yes | No | No |
KLMFX vs Other Brokers
Compare KLMFX with any other broker by selecting the other broker below.
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| KLMFX offers traditional assets and markets on the MetaTrader 5 platform. | ||