Lots of Complaints
WikiFX Score
The WikiFX Score of this broker is reduced because of too many complaints! The WikiFX Score of this broker is reduced because of too many complaints! The WikiFX Score of this broker is reduced because of too many complaints!
No restriction on the broker account. Provide service support by WikiFX
Single Core
1G
40G
KVB PRIME (UK) Limited
4008867005
support@kvbprime.co.uk
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The WikiFX cloud system has verified this broker has way too many complaints, and it is in the WikiFX complaint blacklist; please be aware of the risk!
The number of the complaints received by WikiFX have reached 76 for this broker in the past 3 months, please be aware of the risk and the potential scam!
Average transaction speed(Millisecond) Poor 784.4
The fastest transaction speed(Millisecond) 454
The fastest transaction speed [open](Millisecond) 454
The fastest transaction speed [close](Millisecond) 468
Slowest transaction speed(Millisecond) 1969
Slowest transaction speed [open](Millisecond) 1969
Slowest transaction speed [close](Millisecond) 1968
Average disconnection frequency(times/day) Poor 0.6
Average reconnection time(Millisecond) 1036.3
EURUSD 25.6USD/lot
XAUUSD Poor 49.54USD/lot
Average trading slippage Poor 1.9
Maximum transaction slippage 25
Maximum transaction slippage [Long] 5
Maximum transaction slippage [Short] 25
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The Financial Conduct Authority (FCA) is a financial regulatory body in the United Kingdom, but operates independently of the UK Government, and is financed by charging fees to members of the financial services industry. On 19 December 2012, the Financial Services Act 2012 received royal assent, and it came into force on 1 April 2013. The Act created a new regulatory framework for financial services and abolished the Financial Services Authority. The FCA regulates financial firms providing services to consumers and maintains the integrity of the financial markets in the United Kingdom. It focuses on the regulation of conduct by both retail and wholesale financial services firms.
Current Status:
RegulatedLicense Type:
Straight Through Processing(STP)Regulated in Country/Area
Regulatory License No.:
622574Email Address of Licensed Institution :
george.ogunka@kvbprime.co.ukLicense Type:
No SharingWebsite of Licensed Institution :
Expiry Date :
--Address of Licensed Institution :
81 King Street Manchester Greater Manchester M2 4AH UNITED KINGDOMPhone Number of Licensed Institution :
+44 1618831284No data
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General Information & Regulation
KVB PRIME is a financial services company specializing in the provision of FX, CFDs and other trading products for clients worldwide. KVB Prime (UK) Limited is based in UK, authorized and regulated under the Financial Conduct Authority with reference number 622574.
Large amount of Complaints
Recently, KVB PRIME has been exposed to many complaints, mainly on slippage, scamming traders, clients unable to withdraw fund, etc. Please be aware of the risk.
Markets Instruments
With KVB PRIME, traders can trade more forex currency pairs, as well as some metals. The trading assets on the KVB Prime platform seems quite limited.
Minimum Deposit
In terms of minimum initial deposit, real trading is possible with a minimum deposit of $100.
Leverage
For retail traders, the maximum trading leverage is capped at 1:25 for CFD trading under the in accordance with FCA regulation. While for professional traders, they can use the maximum leverage level of 1:100.
Spreads & Commissions
As any other CFD broker, KVB PRIME charges a spread fee. KVB PRIME official website displays the most current spread charges, the spread on the EUR/USD pair 1.6 pips, USD/JPY 1.6 pips, GBP /USD 2.6 pips, AUD/USD 1.9 pips, spreads wider than many other brokers.
Trading Platform Available
For FX and CFD trading, KVB PRIME offers MT4. A popular platform used not only for executing trades but also for analyzing financial markets and automated trading. MT4 can be downloaded to any computer or can be accessed via just a web browser or a mobile application. The trading platform gives access to around 30 trading instruments.
Deposit& Withdrawal
Payment menthods available on the KVB PRIME plaform include Wire Transfer, Skrill, Neteller, WebMoney, Credit and debit cards (Visa/MasterCard/Maestro).
Customer Support
The KVB PRIME customer support can be reached through email: support@kvbprime.co.uk.
The Database of WikiFX comes from the official regulatory authorities , such as the FCA, ASIC, etc. The published content is also based on fairness, objectivity and fact. WikiFX doesn't ask for PR fees, advertising fees, ranking fees, data cleaning fees and other illogical fees. WikiFX will do its utmost to maintain the consistency and synchronization of database with authoritative data sources such as regulatory authorities, but does not guarantee the data to be up to date consistently.
Given the complexity of forex industry, some brokers are issued legal licenses by cheating regulation institutes. If the data published by WikiFX are not in accordance with the fact, please click 'Complaints 'and 'Correction' to inform us. We will check immediately and release the results.
Foreign exchange, precious metals and over-the-counter (OTC) contracts are leveraged products, which have high risks and may lead to losses of your investment principal. Please invest rationally.
Special Note, the content of the Wikifx site is for information purposes only and should not be construed as investment advice. The Forex broker is chosen by the client. The client understands and takes into account all risks arising with Forex trading is not relevant with WikiFX, the client should bear full responsibility for their consequences.