KCM Trade operates based on a dual-account model [ECN, STP] with a minimum initial deposit of $1,000. Offering leverage up to 1:400, this broker offers 3 trading platforms [MetaTrader 4, MetaTrader 5, proprietary] with more than 200 financial instruments.
KCM Trade Company Information & Regulation
KCM Trade, founded in 2016 as a liquidity provider, expanded its services to retail clients in 2019. The company is part of the larger KCM Group and is led by CEO Ryan Tsui.
Operating under the legal name Kohle Capital Markets Limited, KCM Trade is regulated by the Mauritius Financial Services Commission (FSC) under license number C117022600.
It is registered at The Cyberati Lounge, Ground Floor, The Catalyst, Silicon Avenue, 40 Cybercity, Ebene 72201, Republic of Mauritius.
The broker is reportedly capable of executing up to 5,000 orders per second with latency as low as 0.25 milliseconds.
KCM Trade Broker Summary of Specifics
Giving you a quick overview of what the Forex broker offers, here's a summary table of key details:
Broker | KCM Trade |
Account Types | ECN, STP, Demo |
Regulating Authority | FSC Mauritius |
Based Currencies | USD, EUR |
Minimum Deposit | $1,000 |
Deposit Methods | Bank Transfers, Credit/Debit Cards, E-payment systems, Crypto |
Withdrawal Methods | Bank Transfers, Credit/Debit Cards, E-payment systems, Crypto |
Minimum Order | 0.01 Lots |
Maximum Leverage | 1:400 |
Investment Options | N/A |
Trading Platforms & Apps | MetaTrader 4, MetaTrader 5, Proprietary |
Markets | Forex, Commodities, Energies, Metals, Crypto ETFs, Indices, Stocks |
Spread | From 1.2 Pips |
Commission | None |
Orders Execution | Market |
Margin Call / Stop Out | N/A |
Trading Features | Economic Calendar, Signal Centre, AI Mentor |
Affiliate Program | Yes |
Bonus & Promotions | None |
Islamic Account | N/A |
PAMM Account | None |
Customer Support Ways | Email, Ticket, Phone Call, Live Chat |
Customer Support Hours | 24/5 |
Available Account Types & Comparison
KCM Trade offers two main account types [STP, ECN] for real trading, along with a demo account option for practice.
Actually, the company does not go into detail regarding these accounts; as mentioned, STP requires a $1,000 minimum deposit, while ECN has a higher initial funding.
Also, ECN accounts have various order execution types and lower spreads, along with advanced features and tools.
Benefits and Drawbacks of Working with KCM Trade
Every Forex broker comes with upsides and downsides. KCM Trade Advantages and Disadvantages:
Benefits | Drawbacks |
Offers Popular MT4 And MT5 Platforms | Limited Regulation Compared to Brokers With at least One Tier-1 license |
High Leverage Options Up to 1:400 | Relatively High Minimum Deposit |
Relatively Wide Range of Financial Assets | - |
KCM Trade Registration and Verification Tutorial
KCM Trade registration takes just a few minutes and gives you access to the MetaTrader 4 or MetaTrader 5 platforms. The process requires entering your personal details, selecting your platform, and verifying your email address via a PIN.
#1 Begin the Sign-Up Journey
Start by visiting the KCM Trade official site and clicking “Open Account” to initiate the registration.
#2 Enter Personal Details
Provide your full name, mobile number, and email address. Choose your preferred trading terminal, KCM Trade MT4 or KCM Trade MT5.
Then, proceed by creating a login password.
#3 Confirm Your Email
Check your inbox for a PIN from KCM Trade. Enter it in the platform’s verification form. Once submitted, you’re instantly redirected to your personal trading dashboard.
#4 Authorize Your Identity
Afterwards, go through the KCM verification process by completing the KYC (Know Your Customer). Do this by uploading the required documents and waiting for the verification process to be completed.
Trading Platforms
KCM Trade offers 3 main trading platforms with applications available on various operating systems.
MetaTrader 4 (MT4)
- Industry-standard platform known for its reliability and ease of use
- Customizable interface with multiple chart types and timeframes
- Access to Expert Advisors (EAs) for automated trading
Links:
MetaTrader 5 (MT5)
- More advanced version of MT4 with additional features
- Enhanced charting capabilities and analytical tools
- Improved backtesting capabilities for EAs
Links:
Proprietary
- User-friendly interface with essential trading tools
- Real-time quotes and charts
- Quick order execution
Links:
Spreads and Commissions
KCM Trade offers competitive spreads and a commission-free trading model. Based on the available data, spreads start from 1.2 pips, and there are no other types of fees for deposits/withdrawals and other operations.
Still, when compared to brokers like Eightcap or XM, its trading costs are relatively less competitive.
KCM Trade Broker Funding/Withdrawal Options
The broker offers 6 options for depositing and withdrawing funds:
- Credit/Debit Cards: VISA, MasterCard
- Local Payment Systems: UnionPay, Thai QR Payment
- E-Wallets: American Express, PayPal
Copy Trading and Other Available Investment Options
As of the latest information available, KCM Trade does not offer copy trading or different investment features. This means that traders cannot earn passive income via this broker.
KCM Trade does, however, offer a Signal Centre tool that offers trading signals and ideas which can help earning profits in a way.
KCM Trade Financial Products & Symbols
The broker lists a decent range of 200+ tradable instruments across several asset classes:
- Forex Market: Over 40 currency pairs
- Metals: Gold and silver
- Energies and Commodities: Coffee, oil, and more
- Indices: Equity indices from America, Europe, and Asia
- Stocks: CFDs on individual stocks of international companies
- Cryptocurrency ETFs: On Bitcoin and Ethereum
Available Bonuses and Promotional Offers
Per our investigations, when writing this article, KCM Trade does not offer any specific bonuses or promotions.
This is not uncommon among brokers regulated by top-tier authorities, but KCM is not one of them since it only has a license from Mauritius’s FSC.
Support Channels and Schedule on KCM Trade
KCM Trade provides customer support through 4 channels:
- Email: cs@kcmtrade.com
- Live Chat: Available on the website and KCM LINE
- Phone: +23052970961
- Ticket: Submittable via the site
Based on the provided data, there is no around-the-clock in all-week support team; the schedule is 24/5.
KCM Trade Restricted Countries and Banned Regions
The broker, like many brokers, has restrictions on which countries it can offer services to. KCM Trade clearly states that it does not offer services to residents of:
- United States
- Canada
- Japan
- North Korea
- Iran
- Syria
- Sudan
Which Trust Scores Have Been Given to KCM Trade?
KCM’s profiles on ScamAdviser and other reputable websites have received positive and acceptable reviews from various sources:
- Trustpilot: 4.3/5 based on 25+ reviews (80%+ 5-star scores)
- ScamAdviser: 100/100 trust score
On Trustpilot, more than 80% of the ratings are 5-star, and the company has replied to all negative reviews.
Educational Materials
Per our examinations of the website and its content, KCM Trade offers a limited set of educational resources to support traders:
- Help Center: Containing information about the broker and its platforms
- Webinars: Around trading and financial topics
- Market News: Events effective on financial markets covered
KCM Trade Compared to Its Peers
Get a more balanced perspective of the broker by checking out the table of comparison in this section:
Parameter | KCM Trade Broker | LiteForex Broker | Exness Broker | HFM Broker |
Regulation | FSC Mauritius | CySEC | FSA, CySEC, FCA, FSCA, CBCS, FSC, CMA | CySEC, DFSA, FCA, FSCA, FSA |
Minimum Spread | 1.2 Pips | From 0.0 Pips | From 0.0 Pips | From 0.0 Pips |
Commission | None | From $0.0 | From $0.2 to USD 3.5 | From $0 |
Minimum Deposit | $1,000 | $50 | $10 | From $0 |
Maximum Leverage | 1:400 | 1:30 | Unlimited | 1:2000 |
Trading Platforms | MetaTrader 4, MetaTrader 5, Proprietary | MetaTrader 4, MetaTrader 5, Mobile Proprietary App | Exness Trade (mobile), Exness Terminal (web), MT4, MT5 | MT4, MT5, Mobile App |
Account Types | ECN, STP, Demo | Classic, ECN, Demo | Standard, Standard Cent, Pro, Raw Spread, Zero | Cent, Zero, Pro, Premium |
Islamic Account | N/A | No | Yes | Yes |
Number of Tradable Assets | 200+ | N/A | 200+ | 1,000+ |
| Trade Execution | Market | Market | Market, Instant | Market, Buy Stop, Stop Loss, Limit, Take Profit |
Conclusion and Final Words
KMC Trade, with a 24/5 support department available via 4 channels [live chat, phone call, email, ticket], offers trading features such as an economic calendar, a Signal Centre, and an AI Mentor.
This financial brokerage has received a 4.3/5 trust score from users on the Trustpilot website.