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Score
Saint Vincent and the Grenadines
Suspicious Regulatory License
Suspicious Scope of Business
High potential risk
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Score
License Index | 0.00 |
Business Index | 5.01 |
Risk Management Index | 0.00 |
Software Index | 4.00 |
Regulatory Index | 0.00 |
No valid regulatory information, please be aware of the risk!
Single Core
1G
40G
English
+44 7429928560
More
Company Name
KAIAFX ENTERPRISE LLC
Company Abbreviation
KaiaFX
Platform registered country and region
Saint Vincent and the Grenadines
Company website
Pyramid scheme complaint
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General Information & Regulation
KaiaFX, a trading name of KAIAFX ENTERPRISE LLC, says it is registered as a financial entity in Saint Vincent and the Grenadines with registration number 1917. It claims to provide its clients with over 1,000 tradable financial instruments with leverage up to 1:100 and floating spreads from 0.0 pips on the MT5 trading platform, as well as a choice of three different live account types. Here is the home page of this brokers official site:
As for regulation, it has been verified that KaiaFX does not fall under any valid regulations. That is why its regulatory status on WikiFX is listed as “No License” and receives a relatively low score of 1.14/10. Please be aware of the risk.
Market Instruments
KaiaFX advertises that it offers access to more than 1,000 available financial instruments, which include forex, stocks, indices, commodities, metals, cryptocurrencies and CFDs.
Account Types
Apart from demo accounts, KaiaFX claims to offer three types of trading accounts - Standard, Raw Spreads and Pro ECN, with minimum initial deposit requirements of $100, $1,000 and $10,000 respectively.
Leverage
The maximum leverage available at KaiaFX is up to 1:100. 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.
Spreads & Commissions
KaiaFX claims that the spread and commission vary depending on account types. For example, clients on the Standard account can experience spreads from 1 pip, while both the Raw Spreads and Pro ECN account members can enjoy tighter spreads from 0.0 pips. As for commissions, the commission is $1.5, $4 and $3 per lot per side on the Standard, Raw Spreads and Pro ECN accounts respectively.
Trading Platform Available
The platform available for trading at KaiaFX is the industry-standard MeteTrader5. In any case, we recommend using MT4 or MT5 for your trading platform. Forex traders praise MetaTrader's stability and trustworthiness as the most popular forex trading platform. Expert Advisors, Algo trading, Complex indicators, and Strategy testers are some of the sophisticated trading tools available on this platform. There are currently 10,000+ trading apps available on the Metatrader marketplace that traders can use to improve their performance. By using the right mobile terminals, including iOS and Android devices, you can trade from anywhere and at any time through MT4 and MT5.
Deposit & Withdrawal
KaiaFXs website states that the client can deposit through the Tron network (TRC-20) by transferring USDT from his personal cryptocurrency wallet. The minimum initial deposit requirement is said to be $100. There is no deposit fee charged.
Bonuses
KaiaFX claims to offer a $50 welcome bonus on the Standard account. In any case, you should be very cautious if you receive a bonus. Bonuses aren't client funds, they're company funds, and fulfilling the heavy requirements that are usually attached to them can prove a very daunting and difficult task. Note that brokers are prohibited from using bonuses and promotions by all leading regulators.
Customer Support
KaiaFXs customer support can be reached by telephone: +44 7429928560 (United Kingdom), email: support@kaiafx.com, live chat or send messages online to get in touch. You can also follow this broker on social networks such as Facebook and Instagram. Company address: Beachmont Business Centre, 345, Kingstown.
Risk Warning
Online trading involves significant risk, and you may lose all of your invested capital. It is not suitable for all traders or investors. Please ensure that you understand the risks involved and note that the information contained in this article is for general information purposes only.
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