The KVB Kunlun minimum deposit amount to open a real trading account is 1000 (One Thousand) US Dollar. The Minimum Deposit for 1st-time traders might vary based on the trading account type selected. Deposit activation can be up to 72 hours*
Finding a reputable list about KVB Kunlun minimum deposit local or worldwide can be a difficult process, especially finding a complete list from a trustworthy reputable source.
Below is an in-depth Minimum Deposit Review regarding this regulated Forex company, which will assist traders to make an informed decision, when it comes to funding your trading account.
KVB Kunlun has a minimum deposit requirement of $1000
This minimum deposit amount is equivalent to ZAR 15 182.69 at the current exchange rate between the US Dollar and the South African Rand at the time of writing.
KVB Kunlun is a broker who is authorized and regulated by strict regulatory entities FSC and as a regulated broker, one of the requirements is that client funds be kept in segregated accounts.
In complying with this, amidst several other strict rules and regulations, all client funds must be kept separate from the broker account, and it can only be used by traders to conduct trading activities.
Deposit fees and deposit methods
When compared with other brokers, the minimum deposit that KVB Kunlun requires when registering a live account is extremely high.
KVB Kunlun offers traders the following payment methods which can be used when making deposits:
Debit or credit card or a bank wire transfer
Deposit currencies that are accepted include:
EUR, USD, GBP, AUD, CAD.
Also, when making use of Credit/Debit Cards, there are the following deposit fees waived:
Traders must ensure that they verify whether their financial institution waives its own fees as there may be additional fees payable. These often depend on the payment method used as well as the amount which is deposited into the trading account.
Step by step guide to depositing the minimum amount
When funding the trading account, traders can do it from their own bank account by sending the funds to one of the KVB Kunlun segregated client accounts.
Traders can also access the option to deposit the minimum amount from their personal area after having registered a live trading account which has, subsequently, been approved.
Traders must log in to their personal area, select the option for deposits, and follow the instructions to deposit into their trading account. Traders must ensure that they select the correct deposit currency before they make a deposit.
Funds must be transferred in the same currency as the bank account to which they are sending them. Should this not be done, traders may be subjected to currency conversion fees.
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.
Pros and Cons
|✔️ PROS||❌ CONS|
|Competitive spreads||High minimum deposit|
|Well regulated||No US clients|
|Offers an Islamic Account|
|Offers a demo Account|
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What is the minimum deposit for KVB Kunlun?
The minimum deposit is $1000.
How do I make a deposit and withdrawal from KVB Kunlun?
- Debit and Credit Cards
- Bank wire transfer
Does KVB Kunlun charge withdrawal fees?
No, KVB Kunlun does not charge any withdrawal fees but fees from other banking institutions 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.