- Highly regulated.
- Provides a wide range of services including wealth management.
- Listed on the Hong Kong stock exchange.
- Only one account type for forex traders.
- Limited educational resources and tools.
- Provides low leverage.
- FINTRAC (Canada)
- Credit/Debit card
- Wire transfer
Founded in 2001, KVB Kunlun is a subsidiary of the Hong Kong-based KVB Kunlun Financial Group. The broker operates internationally, with offices in Toronto CA, Auckland, Melbourne, and Sydney.
KVB Kunlun offers a wide range of products to include over 30 currency pairs, CFDs, precious metals, and several global stock indices. The broker is regulated by over five oversight bodies to include SFC, ASIC, FMA (New Zealand), MSB (Canada), and CRBC.
With the tight regulation, customers have an assurance that their deposit is fully protected. Also, the fact that KVB Kunlun is publicly traded makes it more trustworthy given the level of transparency expected from listed companies.
While KVB Kunlun forex has not won any individual category best in class awards, the company has received the ‘Best Backup & Disaster Recovery Project’ award by Cloud Excellence.
From our analysis, we find KVB Kunlun Forex to have a positive online users' sentiment on areas such as trading platforms, ease of use and customer service.
- Operates internationally.
- Offers a wide range of products.
- Regulated by over five oversight bodies.
- No best in class awards.
KVB Kunlun offers three types of accounts namely Standard, Premium Standard, and CounterStar. A demo account is also available. The minimum deposit for the standard account is $100 while that for premium standard and CounterStar is $4000 and $12000 respectively. This means that their minimum deposit requirements are higher than most brokers in their category.
When it comes to maximum leverage, this broker offers 1:200 which low when compared to the industry average. While low leverage is good for new traders, it is somehow limiting to experienced traders.
All the three types of accounts are equipped with two trading platforms namely ForexStar and MetaTrader 4. For the record, ForexStar is similar to MT4 only that it is customized to match their brand.
KVB Kunlun offers variable spreads with a minimum of 2.8 pips for the standard account, 1.8 pips for the premium standard account and 0.8 pips for the CounterStar account. When compared to the industry average, these spreads are higher meaning that this is an expensive broker.
This broker also adopts the STP model where brokerage fee is included in the spread, which explains why their spreads are a bit wider than the average. The STP approach is better than the market maker model given that it eliminates the conflict of interest that comes with profiting from taking the opposite direction from a clients' trade.
- Three types of accounts (Standard, Premium Standard, and CounterStar)
- Demo account available.
- Leverage of 1:200
- Minimum deposit is $100 (standard account)
- Variable spreads starting from 0.8 pips.
KVB Kunlun offers multiple lines of communication 24 hours a day, seven days a week. Customers can reach them through email, live chat on their website, fax, and phone calls.
Messages sent through email may take days to get a reply, but live chats and phone calls are answered within minutes.
Available on this broker page is a comprehensive FAQ page to guide clients on most raised issues. Other instructive materials are also available on their website.
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