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The WikiFX Score of this broker is reduced because of too many complaints!

Kato Prime

Hong Kong|2-5 years| Benchmark AA|
Suspicious Regulatory License|MT4/5 full license|Regional Brokers|High potential risk|

https://katoprime.com/

Website

Rating Index

Benchmark

Benchmark

AA

Average transaction speed (ms)

312.6 Great

MT4/5

Full License

KatoPrime-Demo

United Kingdom
MT4
5
The WikiFX Score of this broker is reduced because of too many complaints!

Benchmark

Speed:AAA

Slippage:AAA

Cost:C

Disconnected:AAA

Rollover:AA

MT4/5 Identification

MT4/5 Identification

Full License

5
Server Name
KatoPrime-Demo MT4
Server Location United Kingdom

Contact

+852 23618699
support@katoprime.com
https://katoprime.com/
9/F, Amtel Building, 148 Des Voeux Road Central, Central, Hongkong.

Licenses

No valid regulatory information, please be aware of the risk!

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

Single Core

1G

40G

Open Now

Disclosure

Danger

ID BAPPEBTI
2022-09-20
Bappebti Blocks 760 Website Domains, Reminds of the Risk of Transactions in Unlicensed PBK Entities
Kato Prime
Tradovate
LIVECRYPTOFOREX

Contact number

English

+852 23618699

Broker Information

More

Company Name

Kato Prime Limited

Company Abbreviation

Kato Prime

Platform registered country and region

Hong Kong

Company website
Facebook
Instagram

Pyramid scheme complaint

Expose

Check whenever you want

Download App for complete information

Warning: Low score, please stay away! 2
Previous Detection : 2023-12-11
  • It has been verified that this broker currently has no valid regulation. Please be aware of the risk!
  • The number of the complaints received by WikiFX have reached 8 for this broker in the past 3 months. Please be aware of the risk and the potential scam!

WikiFX Verification

Kato Prime · Benchmark
Average transaction speed(ms)
312.6 Great
The highest transaction speed(ms)
93 Great
The highest speed of opening positions(ms)
110 Great
The highest speed of closing position(ms)
93 Great
The lowest speed of opening positions(ms)
1764
The lowest speed of closing position(ms)
1667
Ranking: 44 / 130
Test user 198
Orders 2,167
Ocuppied margin $369,766 USD
Data Source WikiFX Data provide
Updated: 2023-12-08 01:12:00

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    Kato Prime · Company Summary

    Risk Warning

    A high level of risk is involved in the process of trading leveraged products such as Forex/CFDs. 79.23% of retail investor accounts lose money when trading CFDs with this provider. You should not risk more than you can afford to lose, you may lose the entire amount of your account balance. You should not trade or invest unless you fully understand the true extent of your exposure to the risk of loss. Establishing your Investment objectives, understanding of risk and trading experience is key to maintaining a good trading experience. Losing more than your initial investment is highly possible, so do not invest money you cannot afford to lose.

    Kato Prime Basic Information
    Registered Country/Region Belize
    Founded in 2019
    Regulation FSC ( Offshore Regulation)
    Trading Instruments Cryptocurrencies, Stocks & ETFs, CFD Trading
    Account Types K's Advanced Account MT4, K's Raw Premium Account MT5, and K's Raw Platinum Account MT5
    Demo Accounts Yes
    Minimum Deposit $15
    Maximum Leverage Up to 1:500
    Spreads Low Spreads ( Allegedly)
    Commissions None
    Trading Platform MetaTrader 4, MetaTrader 5,
    Deposit & Withdrawal Methods PayVersa, AwePay, FasaPay, Credit/Debit Cards
    Customer Support Email, Phone
    Bonuses or Promotions Yes

    Overview of Kato Prime

    Founded in 2019, Kato Prime is a forex broker registered in Belize, offering a range of trading instruments including currency pairs, commodities, indices, and cryptocurrencies. The account types available are K's Advanced Account MT4, K's Raw Premium Account MT5, and K's Raw Platinum Account MT5, with a minimum deposit of $15, $50, and $3,000, respectively. Kato Prime also provides leverage of up to 1:500, which can help to increase potential profits, as well as spreads and commissions that vary depending on the account type.

    When it comes to trading platforms, Kato Prime offers both MetaTrader 4 (MT4), MetaTrader 5 (MT5, which is a popular choice among traders due to its advanced features and user-friendly interface. Additionally, Kato Prime offers a range of deposit and withdrawal options, including bank wire transfers, credit cards, and various electronic payment methods.

    For customer support, it appears that Kato Prime does not offer an online chat feature for customer support. However, they do provide customer support through email, phone, and a contact form on their website. They also have a comprehensive FAQ section on their website that can answer many common inquiries.

    basic-info

    Is Kato Prime legit or a scam?

    Kato Prime is registered in Belize and regulated by the International Financial Services Commission (IFSC) of Belize. The IFSC is an offshore regulatory body that oversees financial services companies operating in Belize and ensures they comply with regulations and guidelines to promote transparency and protect the interests of investors.

    Offshore regulation can offer some advantages for brokers and traders, such as lower operating costs, greater flexibility in business operations, and potentially lower capital requirements. However, there can also be risks associated with offshore regulation, such as less stringent regulatory oversight and weaker investor protection laws.

    regulation

    Pros and Cons

    Kato Prime is a Belize-based offshore broker that offers competitive trading conditions with several advantages and disadvantages. One of the main advantages of Kato Prime is that it provides multiple account types suitable for different traders' needs. Additionally, Kato Prime provides access to several popular trading platforms, including MetaTrader 4 and 5.

    However, Kato Prime's main drawback is its offshore regulation, which may raise some concerns for traders who prioritize regulatory oversight. The broker also has limited customer support options, with no online chat or phone support available. Traders should also note the lack of negative balance protection and the high minimum deposit requirement for some account types.

    Pros Cons
    Low minimum deposit required Limited range of trading instruments
    Advanced trading platforms, MT4 and MT5 trading platform Limited educational resources
    Multiple account types No 24/7 customer support
    Generous leverage up to 1:500 Limited payment methods
    Inactivity fees may apply
    Limited availability of trading tools and features
    Withdrawal processing times may be slow
    Limited trading promotions and bonuses
    Lack of social trading or copy trading capabilities
    Limited availability in certain jurisdictions

    Market Intruments

    Kato Prime offers a diverse range of market instruments for traders and investors, including cryptocurrencies, stocks and exchange-traded funds (ETFs), and contracts for difference (CFDs).

    Cryptocurrencies, a relatively new asset class, have gained immense popularity in recent years, and this broker provides access to various cryptocurrencies, such as Bitcoin, Ethereum, and Litecoin, which can be traded on their platform.

    Stocks and ETFs are popular traditional investment vehicles that provide traders with exposure to a variety of companies and sectors. This broker offers access to a broad range of stocks and ETFs from global markets, enabling traders to diversify their portfolios and take advantage of market opportunities.

    CFDs are a type of derivative product that allow traders to speculate on the price movements of various assets without actually owning them. This broker offers CFD trading for a variety of assets, such as forex, commodities, and indices, providing traders with flexibility and the ability to profit from both rising and falling markets.

    market-instruments

    Account Types

    In recognition of the diverse needs and preferences of its clients, this broker has established a multi-tiered account structure, designed to provide traders with a variety of options tailored to their individual trading styles and objectives.

    K's Advanced Account MT4 is the ideal option for novice traders seeking a straightforward and easy-to-use trading experience. With a low minimum deposit requirement of $15, traders can enjoy access to a broad range of trading instruments, basic trading tools and educational resources.

    For more experienced traders looking for advanced trading features and tools, the K's Raw Premium Account MT5 is the perfect choice. This account offers lower spreads and faster trade execution, as well as access to more sophisticated trading tools and platforms. With a minimum deposit requirement of $50, traders can take advantage of the advanced features and tools available to help them make more informed trading decisions.

    At the top of the account structure is K's Raw Platinum Account MT5, which has been specifically designed for professional traders and investors seeking a highly customized and personalized trading experience. With a minimum deposit requirement of $3,000, this account offers the lowest spreads and fastest trade execution, as well as access to advanced trading tools and platforms, dedicated account managers, and a range of exclusive services and benefits designed to meet the unique needs and preferences of professional traders.

    account-types

    How to open an account?

    To open an account with Kato Prime, you can follow these steps:

    1. Visit the Kato Prime website: Go to the Kato Prime website at www.katoprime.com. Click on “Open Live Account”: On the homepage, click on the “Open Account” button located at the top right corner of the screen.

    open-account
    1. Complete the application form: Fill in the account opening form with your personal information, including your name, email, phone number, and address.

    open-account
    1. Provide additional information: You will be asked to provide additional information such as your employment status, financial information, and trading experience.

    2. Upload verification documents: You will need to provide copies of your ID, proof of address, and any other verification documents requested.

    3. Fund your account: Once your account is approved, you can fund your account using a variety of payment methods, such as credit/debit cards, bank transfers, or e-wallets.

    4. Start trading: After your account is funded, you can log in to the trading platform and start trading.

    Leverage

    According to the Kato Prime website, they offer leverage of up to 1:500 for their trading accounts. This means that clients can trade with up to 500 times the amount of their initial investment, which can magnify both profits and losses.

    It's important to understand that trading with high leverage carries a higher risk of loss, and traders should have a clear understanding of the potential risks and rewards before using leverage in their trades. Traders should also ensure they have sufficient knowledge and experience in trading and risk management before trading with leverage.

    Kato Prime may also have specific margin requirements and rules for using leverage, so it's important to review their terms and conditions and seek professional advice if necessary.

    Spreads & Commissions (Trading Fees)

    Based on the information available on the Kato Prime website, the spreads charged by the broker are not specified. However, they do charge trading commissions for their Premium and Platinum account types on the MT5 platform. The commission for the Premium account is $7 per lot traded, while the commission for the Platinum account is $0.03 per lot traded.

    It's important to note that trading costs can impact overall profitability, and traders should consider both spreads and commissions when evaluating the cost of trading with a particular broker. Additionally, Kato Prime may have additional fees or charges for other services, such as deposits, withdrawals, or inactivity, so it's important to review their terms and conditions and fee schedule carefully.

    spread-commission

    Non-Trading Fees

    Based on the information available on the Kato Prime website, they may charge non-trading fees for certain services or actions. Here are some examples of non-trading fees that may apply:

    • Deposit and Withdrawal Fees: Kato Prime may charge fees for deposits and withdrawals, depending on the payment method used. The specific fees and payment methods supported can be found on their website.

    • Inactivity Fees: Kato Prime may charge a monthly fee for accounts that have been inactive for a certain period of time. The specific inactivity fee and timeframe can be found on their website.

    • Conversion Fees: If you deposit or withdraw funds in a currency that is different from the base currency of your account, Kato Prime may charge a currency conversion fee. The specific fee can be found on their website.

    • Overnight Swap Fees: Kato Prime may charge overnight swap fees for positions held open overnight. The specific fee can vary depending on the instrument being traded and can be found on their website.

    Trading Platform

    Kato Prime offers two popular trading platforms for their clients, MetaTrader 4 (MT4) and MetaTrader 5 (MT5). These platforms are widely used in the forex and CFD trading industry and offer a variety of trading tools and features to support traders in their trading activities.

    The MT4 platform is a popular choice for forex traders and offers advanced charting tools, a wide range of technical indicators, and the ability to automate trading strategies using Expert Advisors (EAs). It also allows traders to execute trades with one-click, manage multiple orders and positions, and access real-time news and analysis.

    The MT5 platform is a more advanced version of the MT4 and offers additional features such as more advanced charting capabilities, an economic calendar, and the ability to trade a wider range of financial instruments including stocks, commodities, and futures.

    Both platforms are available for desktop and mobile devices and can be accessed with a single login. Additionally, Kato Prime offers a range of trading accounts to suit different trading needs and preferences, and traders can choose the account type and trading platform that best fits their trading style and goals.

    trading-platform

    Deposit & Withdrawal

    Kato Prime supports several deposit and withdrawal methods for its clients, including PayVersa, AwePay, FasaPay, and Credit/Debit Cards. Here are some details about each method:

    • PayVersa: This is an e-wallet payment method that allows for instant deposits and withdrawals. The minimum deposit amount is $100, and there are no deposit fees.

    • AwePay: AwePay is a payment gateway that allows for deposits via bank transfers and credit/debit cards. The minimum deposit amount is $100, and there are no deposit fees.

    • FasaPay: FasaPay is an e-wallet payment method that allows for deposits and withdrawals in multiple currencies. The minimum deposit amount is $50, and there are no deposit fees.

    • Credit/Debit Cards: Kato Prime accepts Visa and Mastercard for deposits and withdrawals. The minimum deposit amount is $100, and there are no deposit fees. Withdrawals via credit/debit cards may take up to 3-5 business days to process.

    It's important to note that while Kato Prime may not charge deposit fees, there may be fees associated with the payment method used, so traders should check with their payment provider to understand any potential fees.

    payment-methods
    payment-methods
    payment-methods

    Bonuses Offered

    Kato Prime offers several bonuses and promotions for their clients, including a $30 welcome bonus and a 30% deposit bonus. Here are some details about each bonus:

    • $30 Welcome Bonus: This bonus is available to new clients who register for a live account with Kato Prime. To claim the bonus, clients must verify their account and provide valid identification documents. Once the account is verified, the bonus will be credited to the client's account and can be used for trading purposes. There are terms and conditions that apply to the bonus, including a minimum trading volume requirement.

    • 30% Deposit Bonus: This bonus is available to all clients who make a deposit into their trading account. The bonus amount is based on the amount of the deposit and can range from 10% to 30%. The maximum bonus amount is $5,000. To claim the bonus, clients must contact Kato Prime's customer support team and request the bonus. There are terms and conditions that apply to the bonus, including a minimum trading volume requirement.

    bonus-offered

    Customer Support

    Kato Prime provides customer support via email and a comprehensive FAQ section on their website. They do not currently offer online chat or phone support.

    Clients can submit a support ticket through the Kato Prime website and will typically receive a response within 24 hours. The support team can assist with a range of issues, including account inquiries, technical assistance, and trading-related questions.

    The FAQ section on the Kato Prime website provides detailed information on a variety of topics, including account registration, funding and withdrawals, trading platforms, and more. Clients can browse the FAQ section to find answers to commonly asked questions and learn more about the services offered by Kato Prime.

    customer-support

    Conclusions

    It appears that Kato Prime does not currently offer educational resources such as trading courses, webinars, or tutorials. However, they do provide market news and analysis through their website and social media channels, which can be useful for traders looking to stay up-to-date on market trends and events.

    While the lack of educational resources may be a drawback for some traders, it's worth noting that Kato Prime offers a range of trading tools and resources through their trading platforms, including technical analysis tools, charting capabilities, and access to real-time market data. Additionally, traders can benefit from the expertise of Kato Prime's support team, who can provide guidance on trading-related questions and issues.

    FAQs

    Q: What is Kato Prime?

    A: Kato Prime is an online forex and CFD broker that offers trading services to clients around the world. The company is based in St. Vincent and the Grenadines and is regulated by the Financial Services Authority (FSA).

    Q: What trading platforms does Kato Prime offer?

    A: Kato Prime offers both the MetaTrader 4 (MT4) and MetaTrader 5 (MT5) trading platforms.

    Q: What financial instruments can I trade with Kato Prime?

    A: Kato Prime offers a range of financial instruments for trading, including Cryptocurrencies, Stocks & ETFs, CFD Trading.

    Q: What are the deposit and withdrawal methods supported by Kato Prime?

    A: Kato Prime supports a range of deposit and withdrawal methods, including bank wire transfer, credit/debit cards, and various e-wallets such as PayVersa, AwePay, and FasaPay. There are no deposit fees, but withdrawal fees may apply depending on the chosen method.

    Q: Does Kato Prime offer any bonuses or promotions for traders?

    A: Yes, Kato Prime offers a $30 welcome bonus for new clients and a 30% deposit bonus for existing clients. There are terms and conditions that apply to these bonuses, including a minimum trading volume requirement.

    News

    WikiFX Reviews Kato Prime in Depth

    NewsWikiFX Reviews Kato Prime in Depth

    2023-10-05 17:05

    In this article, we'll look in-depth at Kato Prime, examining its key features, fees, safety measures, deposit and withdrawal options, trading platform, and customer service.

    WikiFX
    2023-10-05 17:05
    News
    WikiFX Reviews Kato Prime in Depth
    Is Kato Prime a Trustworthy Broker?!

    NewsIs Kato Prime a Trustworthy Broker?!

    2023-06-22 17:12

    In today's article, WikiFX will explore Kato Prime in depth, examining its features, fees, safety measures, deposit and withdrawal options, trading platform, and customer service to help you decide whether to use this platform. Keep reading to find out more!

    WikiFX
    2023-06-22 17:12
    News
    Is Kato Prime a Trustworthy Broker?!
    WikiFX Review: Can Kato Prime make your money safe?

    NewsWikiFX Review: Can Kato Prime make your money safe?

    2022-09-22 17:45

    Kato Prime is an online forex broker. WikiFX recently receives a bunch of complaints as some investors feel irritated by Kato Prime. It seems that this broker has problem of withdrawal rejection. We wonder if this broker can be reliable. Therefore, in this article, WikiFX intends to show you a comprehensive review about this broker based on the specific information, regulation, exposure, etc.

    WikiFX
    2022-09-22 17:45
    News
    WikiFX Review: Can Kato Prime make your money safe?

    User Reviews

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    Comments

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    Wentworth-Stanley
    more than one year
    Okay, here's the scoop. Trading with Kato Prime is pretty much like watching a roller coaster ride. The platform is straight forward and the beginner-friendly resources are second to none. Love the variety in account types, kudos to them for catering to all levels of traders. And the spreads and fees? Let's just say you wouldn't feel ripped off. But the swing gets bumpy when it comes to customer service - sometimes fast, sometimes slow, as unpredictable as a weather vane. Also, the trading instruments could do with some spicing up. For the trading pros looking for more options, Kato Prime might not totally float your boat. But for the greenhorns, it's a recommended first stop!
    2023-12-01 11:28
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    Alistair Hargreaves
    more than one year
    Alright folks, I've been trading fancy-free with Kato Prime for a while now. Their spreads are on the money and fees, well, they're pretty reasonable if you ask me. What I fancy loads is the array of account types, whether you're a novice trader or a well-weathered one, they've got you covered. On the whole, Kato Prime has been quite the dandy for me!
    2023-11-30 16:48
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    傑jay
    more than one year
    As a day trader, Kato Prime is one of my favorite brokers I trade with frequently. It only requires $3,000 to open a Raw account, and this account is magic, narrow spreads, dedicated customer support, extremely low commissions… I have kept making profits on this platform. 😊
    2023-02-21 21:25
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    0
    My Lc
    more than one year
    This is a useless broker, traders should not invest.once you make a deposit they can't allow you to withdrawal the profit.i provided every documents necessary for verification but they reject them.
    2022-11-11 01:32
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