KLMFX Review 2025
KLMFX is a multiple award-winning broker that gives traders access to 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 #90 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.
- 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.
- GO Markets - GO Markets is an established forex and CFD broker with multiple industry awards and accolades. The ECN/STP broker is popular with budding traders, offering competitive accounts in multiple base currencies and a range of flexible payment methods. With top-tier regulation from CySEC and ASIC, GO Markets is a trusted broker.
KLMFX Feature Comparison
KLMFX | IG Index | FXPrimus | GO Markets | |
---|---|---|---|---|
Rating | 0.8 | 4.7 | 2.3 | 3.9 |
Markets | Forex, stocks, indices, commodities | CFDs, Forex, Stocks, Indices, Commodities, ETFs, Futures, Options, Crypto, Spread Betting | CFDs, Forex, Stocks, Cryptos, Futures, Options, Commodities, Bonds | CFDs, forex, indices, shares, energies, metals, cryptocurrencies |
Minimum Deposit | $250 | $0 | $15 | $200 |
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 | CYSEC, MIFID, ICF, FCA, BaFin, VFSC | ASIC, CySEC, FSC of Mauritius |
Bonus | - | - | - | - |
Education | No | Yes | No | Yes |
Platforms | MT5 | MT4 | MT4, MT5, cTrader | MT4, MT5 |
Leverage | 1:800 | 1:30 (Retail), 1:222 (Pro) | 1:1000 | 1:500 |
Visit | 70% 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 |
FXPrimus Review |
GO Markets Review |
Trading Instruments Comparison
KLMFX | IG Index | FXPrimus | GO Markets | |
---|---|---|---|---|
CFD | Yes | Yes | Yes | Yes |
Forex | Yes | Yes | Yes | Yes |
Stocks | Yes | Yes | Yes | Yes |
Crypto | No | No | Yes | 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 | No |
ETFs | No | Yes | No | Yes |
Bonds | No | Yes | Yes | No |
Warrants | No | Yes | No | No |
Spreadbetting | No | Yes | No | No |
Volatility Index | No | Yes | No | No |
KLMFX vs Other Brokers
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