KVB Kunlun provides three different account types, Mini Account, a Standard Account, and the option for an Islamic Account. Each account type has its own set of conditions for commission, margin call, and leverage and minimum deposits.
Finding a reputable list about KVB Kunlun account types local or worldwide can be a difficult process, especially finding a complete list from a trustworthy reputable source.
Below is an in-depth account types Review regarding this regulated Forex company, which will assist traders to make an informed decision when it comes to the various Forex trading accounts made available.
KVB Kunlun is a regulated broker who is headquartered in Hong Kong. Established in 2007, KVB Kunlun is an award-winning broker who offers traders access to global markets.
This helps to ensure that traders are offered trade execution at the best possible prices at the best possible execution speeds. KVB Kunlun is continuously working to improve its trading solutions and services to adapt to evolving needs and objectives of traders.
KVB Kunlun has reputable long-standing supportive relationships with many international popular banks, exchanges, and leading financial institutions in the business areas.
KVB Kunlun gathers financial specialists together from different countries in the world to assimilate multiculturalism.
The broker is dedicated to the expansion of international financial products and financial technology. This helps in breaking through the regional restrictions of outdated financial investment and services and meeting the demand of different areas.
KVB Kunlun assists independent traders, fund managers, professional asset management institutions, financial institutions in the Asia-Pacific region, offering a wide range of trading products, as well as one-stop services and financial software systems.
KVB Kunlun offers traders the option of a Mini and a Standard Account and the option for an Islamic Account. Traders will find that through this account, KVB Kunlun offers competitive trading conditions along with comprehensive solutions and services.
The KVB Kunlun accounts provide traders with an array of features, including:
The Mini Account
The Mini Account comes with the following specifications:
- Minimum deposit: $1,000
- Minimum trade size: 0.01
- Maximum leverage: 1:200
- Average spreads: 1 pip on EUR/USD+ commission of $2 per standard lot round turn
A real trading account requires a minimum deposit upon registration. During the registration process, traders will find out how they get:
- Floating spreads
- Multi-currency account
- Minimum trade 0.01 lot
- 5-digit quotes
- Currency pairs, indices, commodities
The Standard Account
- Minimum deposit: $5,000
- Minimum trade size: 1
- Maximum leverage: 1:200
- Average spreads: 1 pip on EUR/USD
KVB Kunlun offers Muslim traders who follow Sharia law the option of an Islamic Account.
It is unclear whether it is merely an option where traders can convert their live trading account to an Islamic Account, or whether it is a standalone account with a separate application procedure.
The KVB Kunlun Islamic Account offers traders the following features:
- A minimum deposit requirement of $1000 after which the account will be activated.
- Spreads start from 1 pip depending on the financial instrument, time of day, and several other factors.
- Direct execution on trades through the STP model.
- Zero-interest charged on contracts that are held for longer than 24-hours with a consistent zero-rollover interest.
- Zero additional rollover commissions when contracts are held for longer than 24-hours.
- Traders are provided with 5-digit spreads.
- Traders can trade both mini and micro-lots.
- Traders are offered access to Expert Advisors, or EAs, which allow for automated trading.
KVB Kunlun offers traders the option of opening a Demo Account which can be utilized in many ways, including, but not limited to the following:
- A practice account for beginner traders who wish to improve their trading skills and experience in a risk-free environment using virtual funds.
- Traders who are evaluating and comparing brokers who would like to explore KVB Kunlun trading conditions in a risk-free environment, and
- Traders who wish to test their trading strategies in a mimicked live trading environment without risking their capital.
KVB Kunlun demo account sign-up is fully digitalized and hassle-free.
It can be done within a few minutes and as soon as the trader is registered, demo trading can commence once the trader has downloaded and installed their trading platform of choice, and on their web browser.
The purpose of an Islamic Account is that it caters specifically for Muslim traders who follow Sharia law. The law prevents its followers from paying any type of interest, such as overnight fees, which is seen as wasteful or exploitive.
Overnight fees are charged should traders hold positions open for longer after the trading day has concluded and this type of account allows exemption from such fees or interest, should they hold positions open for longer.
KVB Kunlun offers an Islamic Account to Muslim traders who follow Sharia law. Traders must, however, take note that there are certain features indicated on the Islamic account which differ vastly from the individual account such as minimum deposit, spreads, and more.
Traders who are interested in registering for an Islamic account must contact KVB Kunlun’ customer support to verify the details of the account as conditions may have changed from the time of writing.
These changes are as per the broker’s discretion and/or changes in market conditions.
When making a deposit, traders will need to provide the following:
- The Clients full name
- Account number of their securities account (if they have already opened an account)
- Indicate the purpose of remittance as “securities trading business” in the note column
- To make a withdrawal, clients must download the “Fund Withdrawal Form” on the file download page, complete it and return it to the customer service centre.
If the client has established a standing order with the company, they can then apply by calling the customer service number for assistance. The condition for a margin account is reliant on the buying power in the account.
Pros and Cons
|✔️ PROS||❌ CONS|
|Well regulated||No US clients allowed|
|Offers Islamic Account||High minimum deposit|
|Offers a demo account|
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KVB Kunlun at a Glance
|Broker’s Name||KVB Kunlun|
|Countries not accepted for trade||US|
|Islamic Account (Swap Free)||Yes|
|Deposit Options||· Debit/ Credit Card
· Bank Wire transfer
|Withdrawal Options||· Debit/ Credit Card
· Bank Wire Transfer
|Platform Types||MT4, ForexStar, KVB EFX Platform|
|OS Compatibility||Web browsers, Windows, Linux, MacOS, Android, iOS|
|Tradable Assets||· Forex
· precious metals
· bulk commodities
|Languages supported on Website||English, Spanish, Czech, Chinese, German, French, Italian, Polish, Portuguese, Romanian, Slovenian, Hindi, Hebrew, Arabic, and Russian.|
|Customer Support Languages||English, Spanish, Czech, Chinese, German, French, Italian, Polish, Portuguese, Romanian, Slovenian, Hindi, Hebrew, Arabic, and Russian.|
|Customer Service Hours||24/5|
How many instruments can I trade with KVB Kunlun?
You can trade the following financial instruments:
- Precious metals
- Bulk commodities
Which platforms are supported by KVB Kunlun?
- KVB EFX Platform
Does KVB Kunlun offer leverage?
Yes, KVB Kunlun offers maximum leverage of 1:200.
What spreads can I expect with KVB Kunlun?
You can expect spreads that start from 1 pip when using the accounts. The Islamic account, however, has the same spreads from 1 pip depending on the financial instrument and several other factors.
Does KVB Kunlun charge commission?
Yes. Traders can expect a minimum charge of $2 per standard lot round turn. It is unclear whether Islamic account holders are subjected to the same commission charges. Traders must verify this information with the broker as it is not stated on the website.
Are there additional charges on the Islamic account?
Not that can be seen from the KVB Kunlun website. Islamic accounts, however, have spreads that start from 1 pip.
Is KVB Kunlun regulated?
Yes. KVB Kunlun is regulated by FSC.
Is KVB Kunlun a recommended forex trading broker for experts and beginners?
Yes. KVB Kunlun caters for both beginners and experts.
What is the overall rating out of 10 for KVB Kunlun?
What is the difference between a demo and a live trading account?
A demo account offers the use of virtual funds instead of actual capital. This allows for risk-free trading as well as exploring both the broker’s offer and the trading platform.
A demo account can be used for a variety of reasons including practice trading, testing trading strategies, exploring platforms and offers, and more.
Does KVB Kunlun offer a demo account?
For how long is the demo account valid?
Does KVB Kunlun offer the option of an Islamic Account?
Yes, KVB Kunlun offers an Islamic Account.
Which live trading accounts does KVB Kunlun offer?
The Micro and Standard Account and an Islamic Account for Muslim Traders.
What are the available deposit currencies for a live trading account?
EUR, USD, GBP, AUD, CAD.
Deposits and Withdrawals
What is the minimum deposit for KVB Kunlun?
The minimum deposit for KVB Kunlun is $1000.
How do I make a deposit and withdrawal from KVB Kunlun?
With a Debit/Credit Card or via a bank wire transfer.
Does KVB Kunlun charge withdrawal fees?
KVB Kunlun does not charge withdrawal fees but financial institution fees may apply.
How long does it take to make a withdrawal?
This will depend on the payment method used. It can take between 30 minutes up to a few working days.