Score
Kite Forex
Australia|2-5 years| https://kiteforex.com/
Website
Rating Index
Contact
Licenses
No valid regulatory information, please be aware of the risk!
Single Core
1G
40G
1M*ADSL
- It has been verified that this broker currently has no valid regulation. Please be aware of the risk!
Basic information
Australia
2-5 years Suspicious Regulatory License Suspicious Scope of Business High potential riskAccount Information
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Website
kiteforex.com
Server Location
United States
Website Domain Name
kiteforex.com
Website
WHOIS.NAMESILO.COM
Company
NAMESILO, LLC
Domain Effective Date
2018-07-23
Server IP
148.72.177.15
Company Summary
| Kite ForexReview Summary | |
| Founded | 2021 |
| Registered Country/Region | Australia |
| Regulation | Not regulated |
| Market Instruments | Forex, Metals, Energies and Indices |
| Demo Account | ✅ |
| Leverage | Up to 1:400 |
| Spread | From 3 pips (Mini account) |
| Trading Platform | MT5, Multi Terminal |
| Min Deposit | $10 |
| Customer Support | Phone: support@kiteforex.com |
| Skype: support@kiteforex | |
| Phone: +1 7252570245 | |
| Address: KiteForex Ground Floor 60,Hindmarsh Square Adelaide, SA 5000, Australia | |
Kite Forex was registered in Australia in 2021. It provides various trading assets, including Forex, Metals, Energies and Indices with leverage up to 1:400 and from up to 3 pips on the Mini account via the MT5 and Multi Terminal platforms. However, currently it is not regulated.
Pros and Cons
| Pros | Cons |
| Various trading assets | Wide spreads |
| Demo accounts offered | Not regulated |
| Popular trading platform MT5 | Lack of transparency |
| Low minimum deposit |
Is Kite Forex Legit?
Kite Forex is not regulated by any financial authorities. It means that it doesn't need to obey the rules of any regulations. Traders should be cautious when trading.
What Can I Trade on Kite Forex?
| Tradable Instruments | Supported |
| Forex | ✔ |
| Metals | ✔ |
| Energies | ✔ |
| Indices | ✔ |
| Cryptos | ❌ |
| Stocks | ❌ |
| Options | ❌ |
Account Type
Kite Forex offers four account types: Mini, Premium, ECN Pro and ECN Pro+Commission, and it also offers demo accounts.
| Account Type | Min Deposit |
| Mini | $10-$1000 |
| Premium | $5000+ |
| ECN Pro | $1000+ |
| ECN Pro+Commission | $1000+ |
Leverage
Kite Forex's maximum leverage is up to 1:400 for the Mini account. And the other accounts hold the same maximum leverage of 1:200. Note that high leverage can bring high gains and losses.
Spreads and Commissions
The spread of Kite Forex varies by the accounts. The Mini account's spread is from up to 3 pips, the Premium account is from up to 2 pip, the ECN Pro and ECN Pro+Commission accounts are from up to 1 pip. Besides, only the ECN Pro+Commission account needs a commission of $8/lot, while other account types are free of commission.
Trading Platform
| Trading Platform | Supported | Available Devices | Suitable for |
| MT4 | ❌ | / | Beginners |
| MT5 | ✔ | Windows, Android and IOS | Experienced traders |
| Multi Terminal | ✔ | Web | Experienced traders |
Deposit and Withdrawal
| Payment Method | Fee | Processing Time |
| Neteller | ❌ | Instant |
| Skrill | ||
| WebMoney | ||
| Perfect Money | ||
| Visa and Maestro | ||
| Bank Wire Transfer | 1 business day | |
| Local Transfer | ||
| Local Transfers For DUBAI, UAE, ASIA, EUROPE |
Keywords
- 2-5 years
- Suspicious Regulatory License
- Suspicious Scope of Business
- High potential risk
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FX2732170097
India
The KiteForex Brokers Review is a great website that provided me with insightful information about Forex Trading by incorporating a list of the top brokers in the world, it gave me an idea of where i should make trades. The use of Forex Education is fantastic as it helped me gain a better understanding of various aspects related to the Forex Trading, which allowed me to make my decision of which broker to trade with. I highly recommend using this website.
Positive
09-17
Giacomo Y
Italy
Kubera Global is a good option if you prioritize low fees and a simple platform.
Positive
07-11
Giacomo Y
Italy
Kite Forex is FIRE for scalping! Seriously, the spreads are insanely tight, and no commissions? That's a scalper's dream! If you're all about quick trades, this platform is pure heaven. Highly recommend checking it out! Just sayin'.
Positive
07-11
Ryan Chai
Ukraine
Very good support. Quick response in case of troubles. Modern xStation5 and app. I am very satisfied so far.
Positive
06-21