Kitco Markets Review
With global offices in New York, London, and Hong Kong, Kitco Markets is an online financial services provider that provides traders with several competitive trading conditions, such as low spreads from 0.0 pips, leverage of up to 1: 500, zero commissions, 0.01 micro lot trading, NY4 and LD4 superior order execution, and more. They offer over 232 trading instruments across different asset classes, including cryptocurrency CFDs, forex, commodities, indices, bonds, and share CFDs. The minimum deposit required to start trading is $200.
Pros / Cons
- Intuitive trading platforms
- Over 232 financial instruments
- Flexible account funding options
- A selection of learning resources & trading tools
- Limited regulation
- Offshore brokerage firm
- $200 minimum deposit
- No USA clients
In this detailed Kitco Markets review, our online broker research team has covered some of the most important aspects for you to consider when choosing the best broker for your online trading needs.
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Kitco Markets Overview
Kitco Markets is a retail trading broker that provides traders from across the globe with trading platforms that are available in desktop, web, and mobile versions. The broker aims to become a one-stop destination for trading CFDs across forex, shares, indices, commodities and cryptocurrencies. The broker offers the Copy Trader functionality, allowing traders to copy another trader’s positions rather than scanning the fast-moving forex markets themselves. There are various learning resources, expert trading tools, and a responsive client support team to assist traders.
Kitco Markets Regulation
Kitcomarkets LLC is regulated by the Financial Service Authority of Saint Vincent and the Grenadines (SVGFSA) with the registration number: 595LLC2020.
Kitco Markets Countries
Kitco Markets accepts traders from different parts of the globe, provided that their respective countries of origin permit online trading with international brokers.
Some Kitco Markets features and products mentioned within this Kitco Markets review may not be available to traders from certain countries because of legal restrictions.
Kitco Markets Platforms
The broker allows traders to buy and sell the various available financial asset using the intuitive MT4 trading platform. The platform was introduced in 2005 by the Russian software company known as MetaQuotes. The platform offers many exciting trading conditions, such as tight raw spreads, fast execution, and a suite of automated trading options. Other essential features of the MT4 trading platform include the following:
- Customizable interface, including colours of technical indicators.
- One-click trading.
- Live price streaming on live accounts and Demo accounts 128-bits encryption for secure trading.
- Expert Advisors (EAs).
- Customizable alerts.
- Access to MetaTrader market and MQL4 community.
The broker makes the MT4 trading platform available as a desktop application for Windows and Mac computers, WebTrader that runs directly on modern web browsers, and a mobile app that is compatible with Android and iOS devices.
Kitco Markets Trading Tools
To ensure traders get an enhanced trading experience, the broker makes available a good selection of standalone trading tools, such as various charts — Candlesticks, Dojis, and Line charts.
Kitco Markets Education
The broker’s website is replete with several educational resources that are aimed at improving clients’ trading skills and knowledge. These educational resources include trading guides, learning articles, webinars, one-on-one coaching, news and insights, and an FAQ section that answers some of the clients’ most common questions.
Kitco Markets Instruments
The following trading instruments are available at Kitco Markets: cryptocurrency CFDs, forex, commodities, indices, bonds, and share CFDs.
Kitco Markets Accounts & Fees
Kitco Markets offers a choice of two live trading account options, namely: Raw Spread and Standard accounts. While the Raw Spread account charges a commission fee of $3 per standard round turn, the Standard account offers zero commissions with marked-up spreads from liquidity providers.
Additionally, a demo account is provided to help traders familiarize themselves with the broker’s platforms and tools before opening a live trading account.
As broker fees can vary and change, there may be additional fees that are not listed in this Kitco Markets review. It is imperative to ensure that you check and understand all of the latest information before you open a Kitco Markets broker account for online trading.
Kitco Markets Support
The broker provides traders with a client support team who are polite and prompt in response. The support team can be reached via email, telephone, and social media.
Kitco Markets Deposit & Withdrawal
The following payment methods are accepted at Kitco Markets for both account deposits and withdrawals: bank transfers, credit/debit cards, and various online payment gateways: Neteller, Skrill, iDeal, and more.
Kitco Markets Account Opening
To open an account, click on the “Start Trading Now” button on the homepage of the broker’s website and follow the subsequent instructions.
It is imperative to ensure that when you are going through a broker application, you clearly read all of the broker’s terms, conditions and policies. Only proceed if you fully understand and agree to them.
Kitco Markets Summary
Kitco Markets is an online trading broker that is focused on offering seamless access to the global financial markets using innovative trading platforms. They operate the STP execution model, which offers access to the interbank markets. Traders are provided with a range of competitive trading conditions, such as tight spreads, zero commissions, and more. In addition, there are various learning resources, useful trading tools, and a knowledgeable client support team to assist traders. The minimum deposit required to start trading is $200.
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing money. You should be aware of all the risks associated with trading CFDs or other products.