Company Profile
Company Profile
Review summary
Note: KFCP' official website - https://kfccglobal.com is currently inaccessible normally.
| KFCP Review Summary | |
| Founded | / |
| Registered Country/Region | United Kingdom |
| Regulation | Unregulated |
| Market Instruments | Stocks, CFDs, futures, currencies, indices, cryptos, commodities |
| Demo Account | ✅($100,000 in virtual capital) |
| Leverage | 1:400 |
| EUR/USD Spread | 2.7 pips |
| Trading Platform | Web-based |
| Min Deposit | / |
| Customer Support | Email: info@kfcpfx.email |
KFCP is an unregulated UK-based broker, offering trading in stocks, CFDs, futures, currencies, indices, cryptos, and commodities with leverage up to 1:400 and wide spreads via a web-based platform.
Pros and Cons
| Pros | Cons |
| Many tradable products | Falsely claims registration in the UK |
| Demo accounts | Unregulated |
| FCA warning | |
| High spreads set | |
| Only accept crypto payments | |
| Only email support |
Is KFCP Legit?
According to FCA, it confirmed that KFCP is not authorised by them. Therefore, it is not a regulated broker. On the website of WikiFX, it is listed as “Regulatory blacklist”. Besides, as of now, their official website is not available. It is not a legit broker!
What Can I Trade on KFCP?
| Tradable Instruments | Supported |
| Currencies | ✔ |
| CFDs | ✔ |
| Commodities | ✔ |
| Indices | ✔ |
| Stocks | ✔ |
| Cryptos | ✔ |
| Futures | ✔ |
| Bonds | ❌ |
| Options | ❌ |
| ETFs | ❌ |
Account Type
Apart from demo accounts with $100,000 in virtual capital, KFCP also offers three live account types, including Comprehensive, Finance, and Financial STP accounts.
Leverage
KFCP offers leverage up to 1:400. It is important to keep in mind that the greater the leverage, the greater the risk of losing your deposited capital. The use of leverage can both work in your favour and against you.
Spread
KFCP offers spreads of 2.7 pips for EURUSD, 2.5 pips for GBPUSD, and 3.5 pips for USDJPY. These spreads are notably higher than those offered by well-established forex brokers, which typically provide tighter spreads averaging around 1.5 pips.
| Currency Pair | Spread |
| EURUSD | 2.7 pips |
| GBPUSD | 2.5 pips |
| USDJPY | 3.5 pips |
Trading Platform
| Trading Platform | Supported | Available Devices | Suitable for |
| Web-based | ✔ | Windows, iPhone, Android | / |
| MT4 | ❌ | / | Beginners |
| MT5 | ❌ | / | Experienced traders |
Deposit and Withdrawal
KFCP offers a notably limited selection of payment methods, confining options solely to cryptocurrencies.
