Global Broker governance & inquiry App

Score

0123456789
.
0123456789
0123456789
/10

KAIFIN

Saint Vincent and the Grenadines|1-2 years|
Suspicious Regulatory License|Suspicious Scope of Business|Suspicious Overrun|High potential risk|

https://www.kaifintrade.com/

Website

Rating Index

Contact

+971 4 584 9015
service@kaifintrade.com
https://www.kaifintrade.com/
Richmond Hill Road, P.O. Box 2897, Kingstown, Saint Vincent and the Grenadines

Licenses

VPS Standard
No restriction on the broker account. Support service provided by WikiFX

Single Core

1G

40G

Open Now

Contact number

English

+971 4 584 9015

Broker Information

More

Company Name

KAIFIN LLC

Company Abbreviation

KAIFIN

Platform registered country and region

Saint Vincent and the Grenadines

Company website

Pyramid scheme complaint

Expose

Check whenever you want

Download App for complete information

Warning: Low score, please stay away! 3
Previous Detection : 2024-02-23
  • It has been verified that this broker currently has no valid regulation. Please be aware of the risk!
  • The United StatesNFA regulation (license number: 0553111) claimed by this broker is suspected to be clone. Please be aware of the risk!

WikiFX Verification

Users who viewed KAIFIN also viewed..

XM

9.03
Score
10-15 yearsRegulated in AustraliaMarket Making(MM)MT4/5 full license
Official website

CPT Markets

8.20
Score
5-10 yearsRegulated in United KingdomMarket Making(MM)MT4/5 full license
Official website

STARTRADER

8.53
Score
10-15 yearsRegulated in AustraliaMarket Making(MM)MT4/5 full license
Official website

IronFX

7.54
Score
10-15 yearsRegulated in CyprusMarket Making(MM)Global Business
Official website

KAIFIN · Company Summary

KAIFIN LLC Basic Information
Registered Country/Area Saint Vincent and the Grenadines
Founded year 2022
Company Name Xinke Limited
Regulation Suspicious Regulatory License
Minimum Deposit $10
Maximum Leverage 1:1000
Spreads Starting from pips
Trading Platforms MetaTrader 5, cTrader
Tradable assets Forex, Energy, Metals, Cryptos
Account Types Meant ($10) , Tight ($10)
Demo Account No
Islamic Account Available
Customer Support Tel: +971 42473779, Email: service@kaifintrade.com
Payment Methods Not mentioned
Educational Tools No

Overview of KAIFIN LLC

Kaifin LLC, also known as Xinke Limited, is a brokerage firm registered in Saint Vincent and the Grenadines. Established in 2022, the company offers trading services in various financial markets. However, it is important to note that the regulatory license of Xinke Limited is considered suspicious, raising concerns about the level of oversight and protection provided to clients.

With a minimum deposit requirement of $10, Xinke Limited offers accessibility to traders with different budget sizes. The maximum leverage available is 1:1000, allowing clients to control larger positions in their trades. However, it is crucial to exercise caution when using high leverage, as it can amplify both profits and losses.

Kaifin LLC offers two types of trading accounts: Meant and Tight. These accounts are characterized by their low minimum deposit requirement of $10, with the tightest spreads from 0.0 pips. However, it is worth noting that there is no mention of a demo account. For traders seeking an Islamic account, Xinke Limited does provide this option, catering to individuals who adhere to Islamic principles of finance.

In terms of customer support, Xinke Limited can be contacted via telephone at +971 42473779 or through email at service@kaifintrade.com. However, the availability of other support channels, such as live chat, is not specified.

basic-info

Is Kaifin LLC legit or a scam?

The regulatory status of Kaifin LLC, is a matter of concern as it operates without any proper regulation. The NFA license it claims to hold is found to be completely fraudulent as the regulatory license number, 0553111, cannot be verified on the official NFA website.

regulation
regulation

Pros and cons

Kaifin LLC offers several advantages, including a low minimum deposit requirement of $10 and high leverage options up to 1:1000. It also provides a swap-free option to set traders free from holding positions overnight.

However, there are some drawbacks to consider, such as the suspicious regulatory license, the absence of a demo account, limited educational tools, and inadequate information about payment methods.

Pros Cons
Low minimum deposit for both types of accounts Suspicious regulatory license
High leverage options up to 1:1000 No 7/24 cystomer support
Availability of Islamic account No demo account available
Tradable assets in various markets Limited educational tools
Both MT5 and cTrader supported Lack of information about payment methods
Absence of live chat support
No MT4 trading platform
Limited tiered trading accounts

Market Instruments

Kaifin LLC offers a wide array of trading instruments to cater to the diverse needs of traders. These instruments include Forex, Energy, Metals, and Cryptocurrencies.

Forex trading allows clients to engage in the global currency market, providing access to a broad range of currency pairs. Traders can capitalize on fluctuations in exchange rates and potentially profit from currency movements.

market-instruments

Energy trading encompasses the trading of commodities such as oil, natural gas, and other energy products. These markets are influenced by various factors including geopolitical events, supply and demand dynamics, and global economic conditions. Traders can take advantage of price fluctuations and employ different strategies to navigate the energy markets.

market-instruments

Metals trading enables clients to participate in the trading of precious metals like gold, silver, platinum, and palladium. These metals are often viewed as safe-haven assets and are sought after for their intrinsic value and as a hedge against inflation. Traders can analyze market trends and economic indicators to make informed decisions in the metals market.

market-instruments

Cryptocurrency trading has gained significant traction in recent years. Kaifin LLC facilitates the trading of various cryptocurrencies, including Bitcoin, Ethereum, Litecoin, and more. Cryptocurrencies offer a dynamic and decentralized market, presenting traders with opportunities for short-term and long-term strategies.

market-instruments

Account Types

Kaifin LLC offers two types of trading accounts: Tight and Mean. The Tight account requires a minimum first deposit of $10, while the Mean account also has the same minimum deposit of $10. Both accounts provide traders with access to a maximum leverage of 1:1000, allowing them to amplify their trading positions.

Traders using both account types can take advantage of negative balance protection. The contract size per lot for both accounts is set at 100,000 units, allowing traders to control larger positions in the market.

The trading platforms available for Kaifin LLC clients include cTrader and MetaTrader 5 (MT5). These platforms offer a range of advanced trading tools and features to enhance the trading experience.

account-types

How to Open an Account?

  1. Visit the official website of Kaifin LLC at www.kaifintrade.com. On the homepage, locate and click on the prominently displayed “Open a live account” button. This will take you to the account registration page.

open-account

2. On the registration page, you will be required to fill out a comprehensive form with accurate and complete personal information. Provide your full name, email address, phone number, and country of residence. Take care to enter this information correctly, as it will be used for account verification and communication purposes.

open-account

3. Select the account type that best suits your trading preferences. Kaifin LLC offers two main account types: Mean and Tight. Consider factors such as minimum deposit requirements, commission fees, and spreads when making your decision. The Mean account does not have any specified commission, while the Tight account requires a commission of $5 per lot.

4. Before proceeding, it is essential to review and agree to the terms and conditions of Kaifin LLC. Take the time to carefully read through the provided document, as it outlines the rights and obligations of both the trader and the brokerage firm. Ensure that you understand and accept the terms before proceeding.

5. Once you have completed the registration form and agreed to the terms and conditions, submit your application. You will receive a confirmation email from Kaifin LLC with further instructions on how to proceed with the account verification process. Follow the instructions provided in the email to verify your identity and activate your trading account.

Leverage

Kaifin LLC offer a maximum leverage of up to 1:1000 (depends on the client classification). This means that traders can control a significantly larger position in the market with a relatively smaller amount of capital. Higher leverage can provide the opportunity for increased returns, but it also comes with higher risks.

Unregulated brokers are not bound by the strict regulatory requirements imposed on regulated brokers. These regulations often include limitations on leverage to protect traders from excessive risk. By operating without regulation, unregulated brokers have the freedom to set their own leverage limits, which can be much higher than those imposed by regulatory authorities.

leverage

Spreads & Commissions

The spreads and commissions offered by Kaifin LLC vary depending on the type of trading account. The Tight account boasts highly competitive spreads starting from 0 pips, indicating minimal price differences between buying and selling prices. However, it is important to note that this account requires a commission fee of $5 per lot traded. The Mean account offers spreads starting from 0.5 pips, which still provide favorable pricing differentials compared to other brokers. The notable advantage of the mean account is that it operates on a zero-commission structure.

spread-commission

It is essential for prospective clients to note that the information regarding spreads and commissions is sourced from the broker's official website. To ensure the accuracy of real-time spreads, clients have the option to download the broker's trading platform and test it themselves or seek feedback from other experienced traders through online reviews or forums.

Other fees

Apart from spreads and commissions, traders should also consider the potential presence of other fees when trading with Kaifin LLC. While the specific details regarding additional fees are not readily available on the broker's website, it is crucial for clients to be aware of potential charges that may be applicable to their trading activities.

Common examples of other fees that traders may encounter include overnight interest fees, deposit and withdrawal fees, and inactivity fees. Overnight interest fees, also known as swap fees, are charges applied to positions held overnight, and they can vary depending on the instrument being traded.

Deposit and withdrawal fees may be imposed by Kaifin LLC when clients fund their trading accounts or request withdrawals. The exact fees and payment methods supported by the broker are not explicitly mentioned on their website.

Deposit & Withdrawal

The deposit and withdrawal process with Kaifin LLC involves funding your trading account and withdrawing funds from it. However, specific details regarding the available payment methods, associated fees, and processing times are not disclosed on the broker's website. This lack of transparency regarding deposit and withdrawal information can make it challenging for potential clients to evaluate the convenience and efficiency of these processes.

Typically, brokers offer a variety of payment methods such as bank transfers, credit cards, e-wallets, or other online payment systems. These options provide flexibility for clients to choose the method that suits their preferences and convenience. However, without explicit information from Kaifin LLC, potential clients are unable to determine the available payment options and the associated fees or processing times that may apply. The processing time for deposits and withdrawals can vary depending on the chosen payment method and the broker's internal procedures.

Trading Platforms

As for the trading platforms offered by Kaifin LLC, clients have the option to trade using the widely recognized MetaTrader 5 (MT5) platform and cTrader. The MT5 platform is a popular choice among traders due to its advanced features, user-friendly interface, and comprehensive charting tools. It provides access to various financial instruments, including Forex, commodities, and cryptocurrencies, allowing traders to analyze the markets and execute trades efficiently.

In addition to MT5, Kaifin LLC also offers the cTrader platform. cTrader is known for its intuitive interface, advanced order execution capabilities, and customizable trading environment. It caters to both beginner and experienced traders, providing access to a wide range of tradable assets, including Forex, commodities, and indices.

Both platforms offer features such as real-time market quotes, multiple charting options, technical analysis tools, and order management functionalities. Traders can use these platforms to analyze market trends, execute trades, and manage their positions effectively.

trading-platform

Customer Support

Clients can reach out to the broker's support team through two primary channels: phone and email. By providing a telephone contact number, +971 42473779, clients have the option to directly communicate with a customer support representative, allowing for real-time assistance and immediate resolution of urgent matters.

Additionally, clients can also reach out to Kaifin LLC's customer support team via email at service@kaifintrade.com. Email communication allows for more detailed and specific inquiries, as clients can provide a comprehensive description of their questions or issues.

Kaifin LLC also provides a comprehensive FAQ section that addresses a wide range of topics, enabling clients to find answers to their questions independently.

customer-support
customer-support

Is Kaifin LLC suitable for beginners?

Kaifin LLC can be considered a viable option for beginners who are venturing into the world of online trading. The broker offers a range of features and services that can support beginners in their trading journey. Kaifin LLC offers a minimum deposit requirement of $10, which is relatively low compared to other brokers. This lower entry barrier makes it more accessible for beginners who may not have significant capital to invest initially. The variety of tradable assets, including forex, energy, metals, and cryptocurrencies, also provides beginners with diverse options to explore and trade in accordance with their interests and preferences.

However, it's essential for beginners to approach trading with caution and educate themselves about the risks involved. The absence of demo accounts can be seen as a limitation for beginners who typically benefit from practicing their trading skills and strategies in a risk-free environment before committing real funds.

Is Kaifin LLC suitable for experienced traders?

Kaifin LLC may be suitable for experienced traders due to several factors. Firstly, the availability of the MetaTrader 5 and cTrader trading platforms can provide experienced traders with advanced charting tools, technical indicators, and various order types to execute their trading strategies effectively. Additionally, the maximum leverage of 1:1000 offered by Kaifin LLC can be appealing to experienced traders who seek higher leverage ratios to amplify their trading positions. Furthermore, the range of tradable assets, including forex, energy, metals, and cryptocurrencies, can provide experienced traders with diverse investment opportunities.

However, it is important for experienced traders to consider the fact that Kaifin LLC is an unregulated broker. While this may not necessarily indicate poor service or performance, it does imply that there is no oversight from a reputable financial authority.

Concclusion

In conclusion, Kaifin LLC is an online brokerage offering trading services to a wide range of clients. The company operates without regulation, which may pose potential risks that traders should carefully consider. This broker provides access to popular trading platforms such as MetaTrader 5 and cTrader. Kaifin LLC does not offer a demo account, limiting the ability of traders to test their strategies in a risk-free environment. Customer support is available through phone and email, but the lack of online chat support may be inconvenient for some traders seeking real-time assistance. Overall, due to the unregulated nature of the broker and the limitations in its offerings, traders are advised to proceed with caution and carefully assess their risk tolerance and trading needs before considering Kaifin LLC as their brokerage of choice.

FAQs

Q: Is Kaifin LLC regulated?

A: No, Kaifin LLC operates without regulation, which should be considered before engaging in any trading activities.

Q: What trading platforms does Kaifin LLC offer?

A: Kaifin LLC provides access to MetaTrader 5 and cTrader, two popular trading platforms in the industry.

Q: Does Kaifin LLC offer a demo account?

A: No, Kaifin LLC does not offer a demo account for traders to practice and test their strategies.

Q: What are the available account types?

A: Kaifin LLC offers two account types: Tight and Mean, both requiring a minimum deposit of $10.

Q: Can I trade cryptocurrencies with Kaifin LLC?

A: Yes, Kaifin LLC allows trading in cryptocurrencies, along with other tradable assets such as forex, energy, and metals.

Q: How can I contact customer support?

A: You can reach Kaifin LLC's customer support team by phone at +971 42473779 or via email at service@kaifintrade.com.

User Reviews

Sort by content

  • Sort by content
  • Sort by time

User comment

5

Comments

Write a review

Hugher
more than one year
Gotta spill the tea on my Kaifin LLC experience – not the smoothest ride. First off, that NFA regulation they talk about? Checked the official site, nada. No demo account makes testing risky, and the lack of 24/7 support is a real bummer. Hit them up via email, took a minute to hear back. The '0 pips' spread claim on the website? Well, there's a commission they forgot to mention. Just feels a bit dodgy overall – trust issues, you feel me?
2023-12-07 14:25
Reply
0
0
Alessandrar
more than one year
Been giving Kaifin LLC a shot, and there's a mix of good and not-so-great stuff. I like the low $10 entry point and the option for crazy 1:1000 leverage. Having both MT5 and cTrader is sweet, and they got a nice mix of tradable stuff. But, gotta be real, the whole deal with unclear deposit/withdrawal info and no live chat feels a bit off. Plus, that NFA regulation claim is sketchy – can't find it on the official NFA site. It's a mixed bag, you know?
2023-12-06 16:18
Reply
0
0
Newmeow
3-6months
New one, there was a really nice customer service guy, comeptitive spread & leverage as well I wish they were more responsive, the live chat kinda slow
2023-11-11 13:40
Reply
0
0
Jimmy999
more than one year
Don't get deceived by KAIFIN LLC, they are completely unregulated, and their claim of being regulated by NFA is false! I've done my investigation, and if they didn't keep pushing me to deposit funds, I wouldn't have bothered with them. Their spreads are ridiculously high, sometimes reaching hundreds of pips, which basically means once you deposit, you're doomed. Trust me, it's better to stay away from them and find a more reliable and trustworthy broker.
2023-07-04 10:06
Reply
0
0
zangfeng
more than one year
I PREVIOUSLY TRADED WITH KAIFIN LLC FOR A WHILE AND OVERALL A GOOD BROKERAGE FIRM. Their platform is easy to use and the trade execution is fast, which I am personally satisfied with. The customer service is also very good and their customer service team is always quick to respond to my questions and help. However, I also have some concerns as their NFA license looks a bit suspicious...
2023-03-31 15:13
Reply
0
0
TOP
Select Country/District
United States
※ The content of this website abides with local laws and regulations.
You are visiting the WikiFX website. WikiFX Internet and its mobile products are an enterprise information searching tool for global users. When using WikiFX products, users should consciously abide by the relevant laws and regulations of the country and region where they are located.
consumer hotline:006531290538
Official Email:support@wikifx.com;
Mobile Phone Number:234 706 777 7762;61 449895363
Telegram:+60 103342306
Whatsapp:+852-6613 1970;+44-7517747077
License or other information error corrections, please send the information to:qawikifx@gmail.com
Cooperation:fxeyevip@gmail.com