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Kumo Markets

Saint Vincent and the Grenadines|2-5 years|
Suspicious Regulatory License|MT4/5 White Label|Regional Brokers|High potential risk|

https://kumomarkets.com

Website

Rating Index

MT4/5 Identification

MT4/5 Identification

White Label

2
Server Name
KumoMarkets-Demo MT4
Server Location United Kingdom

Contact

+44 2080950469
support@kumomarkets.com
https://kumomarkets.com
65 LONDON WALL, LONDON, ENGLAND, EC2M 5TU

Licenses

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

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Contact number

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+44 2080950469

Broker Information

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Company Name

Kumo Markets Ltd

Company Abbreviation

Kumo Markets

Platform registered country and region

Saint Vincent and the Grenadines

Company website
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Linkedin

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Warning: Low score, please stay away!
Previous Detection : 2024-03-29
  • It has been verified that this broker currently has no valid regulation. Please be aware of the risk!

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Kumo Markets · Company Summary

Key Information Details
Company Name Kumo Markets
Years of Establishment 2-5 years
Headquarters Saint Vincent and the Grenadines
Office Locations N/A
Regulation Unregulated
Tradable Assets Forex, Commodities, Indices, Cryptocurrencies
Account Types Standard, ECN Advanced, ECN Pro, ECN Corperate
Commission Varied per account
Lots 0.01 to 1000
Minimum Deposit $100
Leverage Up to 1:500
Deposit/Withdrawal Methods N/A
Trading Platforms Meta Trader 4
Customer Support Phone, Email
Community Support Facebook, Instagram, Linkedin

Overview of Kumo Markets

Kumo Markets, an unregulated company with a presence established over a span of 2-5 years, operates from Saint Vincent and the Grenadines. It offers trading opportunities across a range of assets including Forex, Commodities, Indices, and Cryptocurrencies. The company presents multiple account types, each with distinct minimum deposits and leverage ratios.

Clients can choose from Standard, ECN Advanced, ECN Pro, and ECN Corporate account options. The available trading platform is Meta Trader 4, a well-known platform in the industry. While the company provides customer support through phone and email channels, and engages with the community via platforms such as Facebook, Instagram, and Linkedin. Unfortunately, there is no information available about deposit and withdrawal methods or an accessible website.

basic-info

Regulation

Kumo Markets operates without being regulated by any authority, resulting in a lack of oversight and adherence to external financial standards. This absence of regulation entails that the company is not subjected to specific guidelines set by regulatory bodies, potentially impacting the level of transparency and accountability expected in the financial industry. The company's status as an unregulated broker could potentially lead to a different set of operational practices compared to those under regulatory supervision. It is important to note that due to the lack of regulation, certain investor protections and mechanisms for dispute resolution may not be in place, potentially affecting the overall risk profile associated with trading through this broker.

Pros and Cons

Kumo Markets offers a range of account types tailored to traders' preferences, providing options with varying minimum deposits and leverage ratios. The availability of trading opportunities in Forex, Commodities, Indices, and Cryptocurrencies enhances the variety of tradable assets. The integration of the popular Meta Trader 4 platform for trading operations adds familiarity and accessibility for users. Additionally, the company's engagement on social media platforms like Facebook, Instagram, and Linkedin fosters community interaction, offering potential traders alternative channels for engagement.

The absence of regulatory oversight raises concerns about the company's adherence to industry standards and potential accountability gaps. Limited access to the company's website inhibits traders from accessing detailed information about services and account offerings. The lack of transparency regarding deposit and withdrawal methods generates uncertainty and hinders informed decision-making. Furthermore, customer feedback indicating difficulties with trade execution, withdrawal delays, and unresponsive customer support hints at potential operational drawbacks.

 Pros and Cons
Pros Cons
Account Variety Lack of Regulation
Tradable Assets Limited Website
Meta Trader 4 Deposit/Withdrawal
Social Media Engagement Operational Concerns via Feeback

Inaccessible Website

The accessibility of Kumo Markets' website is currently restricted, rendering it inaccessible to potential traders. This limitation significantly impacts the company's online presence and communication with prospective clients. The inability to access the website prevents traders from obtaining updated information about the company's services, account types, and trading conditions. Moreover, potential clients are unable to initiate the account creation process due to the absence of an operational website. This lack of accessibility hinders the establishment of a trading relationship between the company and interested traders.

Inaccessible Website

Market Instruments

Kumo Markets offers trading in Forex, Commodities, Indices, and Cryptocurrencies. Details of each market instruments product are unclear as there is no website for the most updated information.

Forex: Kumo Markets provides access to the foreign exchange market, enabling traders to speculate on currency pair movements and engage in currency trading.

Commodities: Kumo Markets offers trading in commodities, allowing participation in markets involving precious metals, energies, and agricultural products.

Indices: Kumo Markets facilitates trading in indices, providing exposure to stock group performance within specific sectors or markets.

Cryptocurrencies: Kumo Markets enables cryptocurrency trading, enabling speculation on digital asset price fluctuations.

Market Instruments

The following table compares Kumo Markets to other brokerages:

Broker Market Instruments
Kumo Markets Forex, Commodities, Indices, Cryptocurrencies
Alpari Forex, Spot Metals, Cryptocurrencies, CFDs on Stocks, Indices, Commodities
HotForex Forex, Spot Metals, Cryptocurrencies, Indices, Commodities
IC Markets Forex, Spot Metals, Cryptocurrencies, Indices, Commodities, Bonds, CFDs
RoboForex Forex, Spot Metals, Cryptocurrencies, Indices, Commodities, Stocks

Account Types

The account types offered by Kumo Markets are summarized below. Specifics are as follows:

Standard: Kumo Markets offers a Standard Account, requiring a minimum deposit of $100. This account type allows trading with a maximum lot size of 6 and offers a fixed commission of $20 per lot. Traders can utilize leverage up to 1:500 for their trading activities.

ECN Advanced: The ECN Advanced Account requires a minimum deposit of $1000, catering to more experienced traders. It features a higher maximum lot size of 100, with a reduced commission of $12 per lot. Leverage of up to 1:200 is available for traders opting for this account type.

ECN Pro: Designed for seasoned traders, the ECN Pro Account necessitates a minimum deposit of $10000. This account offers a maximum lot size of 200 and a lower commission of $8 per lot. Traders can employ leverage up to 1:200 with this account.

ECN Corporate: Kumo Markets presents the ECN Corporate Account for high-volume traders, requiring a minimum deposit of $50000. This account type boasts a substantial maximum lot size of 1000 and a reduced commission of $6 per lot. Leverage of up to 1:200 is available to traders with this account.

 Account Types

The following table presents a comparison of the account types:

Account Type Standard ECN Advanced ECN Pro ECN Corporate
Minimum Deposit $100 $1,000 $10,000 $50,000
Max Lot Size 6 100 200 1000
Commission $20 per lot $12 per lot $8 per lot $6 per lot
Leverage Up to 1:500 Up to 1:200 Up to 1:200 Up to 1:200

Commissions

Kumo Markets charges commissions based on the chosen account type. For instance, the Standard Account carries a fixed commission of $20 per lot traded, while the ECN Advanced, ECN Pro, and ECN Corporate accounts feature reduced commissions of $12, $8, and $6 per lot, respectively. These commission rates are applied alongside other trading costs, contributing to the overall trading expenses for each account type. It's essential for traders to consider these commission structures in their trading strategies and decision-making processes.

Commissions

Lots

Kumo Markets provides traders with flexibility in lot sizes across its account types. The minimum lot size is set at 0.01, allowing traders to initiate smaller positions if desired. The Standard Account, for instance, features a maximum lot size of 6, while the ECN Advanced, ECN Pro, and ECN Corporate accounts offer increased maximum lot sizes of 100, 200, and 1000, respectively. These varying lot size options accommodate traders with different risk tolerances and trading strategies, ensuring a suitable fit for a diverse range of trading preferences.

Minimum Deposit

Kumo Markets offers a range of minimum deposit rates across its account types, catering to traders with varying levels of experience and investment capacity. The company's account options include a Standard Account requiring a minimum deposit of $100, an ECN Advanced Account with a higher minimum deposit of $1000, an ECN Pro Account necessitating a minimum deposit of $10000, and an ECN Corporate Account targeting high-volume traders with a minimum deposit of $50000. This tiered approach enables potential traders to select an account type that aligns with their financial capabilities and trading objectives.

Leverage

Kumo Markets provides varying levels of leverage across its account types, offering flexibility to traders based on their risk tolerance and trading strategies. The company's account options include a Standard Account with leverage up to 1:500 and ECN account types (Advanced, Pro, Corporate) with leverage up to 1:200. This diversity in leverage ratios allows traders to tailor their trading approach according to their preferences.

Broker Forex Commodities Indices Cryptocurrencies
Kumo Markets Up to 1:500 Up to 1:200 Up to 1:200 Up to 1:200
Alpari Up to 1:1000 Up to 1:500 Up to 1:500 Up to 1:10
HotForex Up to 1:1000 Up to 1:200 Up to 1:500 Up to 1:200
IC Markets Up to 1:500 Up to 1:500 Up to 1:200 Up to 1:5
RoboForex Up to 1:2000 Up to 1:10 Up to 1:20 Up to 1:50

Deposit & Withdrawal

Kumo Markets lacks comprehensive information regarding deposit and withdrawal methods, leaving potential traders uninformed about available options. This absence of clarity hinders traders' ability to make informed decisions about how to fund their accounts or retrieve their funds. The lack of transparency in this regard can lead to uncertainty and apprehension, potentially deterring potential clients from engaging with the company's services.

Trading Platforms

Kumo Markets offers the Meta Trader 4 trading platform for its clients. This platform is recognized for its user-friendly interface and a range of tools that support technical analysis and order execution. It allows traders to access a variety of trading instruments and execute trades efficiently.

Trading Platforms

The following table compares the trading platforms of different brokers:

Broker Trading Platforms
Kumo Markets Meta Trader 4
Alpari Meta Trader 4, Meta Trader 5
HotForex Meta Trader 4, Meta Trader 5
IC Markets Meta Trader 4, Meta Trader 5, cTrader
RoboForex Meta Trader 4, Meta Trader 5, cTrader

Customer Support

Kumo Markets offers customer support through phone and email channels. Traders can reach the company's support team by calling +44 2080950469 or sending an email to support@kumomarkets.com. These channels provide avenues for traders to address inquiries or seek assistance related to their trading activities.

Community Support

Kumo Markets employs various social media platforms, including Facebook, Instagram, and Linkedin, to extend community support, enabling engagement and interaction with potential traders and the broader online community.

Community Support

Facebook: Kumo Markets provides community support through its Facebook page (https://www.facebook.com/KumoMarketsLtd/), offering a platform for engagement and interaction with potential traders and the broader online community.

Instagram: Engagement is facilitated through Instagram (https://www.instagram.com/kumomarkets/), where Kumo Markets shares information and connects with interested traders and individuals, contributing to the company's online presence.

Linkedin: Kumo Markets also maintains a presence on Linkedin (https://www.linkedin.com/company/kumo-markets/), utilizing the platform to establish connections, share insights, and engage with professionals and traders within the online community.Customer FeedbackCustomer feedback highlights significant concerns about Kumo Markets' operational reliability and withdrawal processes. Traders have reported difficulties in executing trade orders with specified stop-loss and take-profit parameters.

Several traders expressed frustration with the Know Your Customer (KYC) verification process, detailing instances where they provided necessary documentation yet faced delays and obstacles in withdrawing funds. The sentiments expressed in the feedback underline dissatisfaction with the company's responsiveness, withdrawal procedures, and overall operational integrity. It is advisable for potential traders to approach engagement with Kumo Markets cautiously, considering the experiences shared in these reviews.

Conclusion

In conclusion, Kumo Markets emerges as an unregulated trading platform offering traders the opportunity to engage in various market instruments, including Forex, Commodities, Indices, and Cryptocurrencies. While its provision of multiple account types with different maximum lot sizes, minimum deposits, and leverage ratios caters to a spectrum of trading preferences. The company's utilization of the Meta Trader 4 trading platform provides traders with a familiar interface for executing trades and technical analysis.

However, the absence of detailed spread information and a fully accessible website raises concerns about transparency and accessibility. The customer support channels of phone and email facilitate inquiries, but the lack of information on deposit and withdrawal methods may lead to uncertainty.

FAQs

Q: How does Kumo Markets differentiate its account types?

A: Kumo Markets offers a range of account options with varying deposit requirements and leverage ratios.

Q: What market instruments can traders access through Kumo Markets?

A: Traders can engage in Forex, Commodities, Indices, and Cryptocurrencies through Kumo Markets.

Q: What trading platform does Kumo Markets provide?

A: Kumo Markets offers the Meta Trader 4 platform, known for its user-friendly interface.

Q: How can traders reach customer support at Kumo Markets?

A: Customer support is available through phone and email channels.

Q: What is the regulatory status of Kumo Markets?

A: Kumo Markets operate without regulation, presenting potential risk considerations.

Q: What can traders expect regarding deposit and withdrawal methods at Kumo Markets?

A: Kumo Markets lacks detailed information about deposit and withdrawal methods.

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