Brief Understanding Of KCM Trade
KCM Trade Clients Can Trade CFDs On Currency Pairs, Indices, Metals, As Well As Stocks And Energy. Two Real Accounts Are Available For The MetaTrader 5 Platform With STP Order Execution Function, And Two Real Accounts Are Available For The MetaTrader 4 Platform With STP/ECN Type Order Execution Function. The Minimum Deposit Amount In Both Cases Is $1,000. Trading Starts From 0.01 Lots With A Maximum Leverage Of 1:400. Spreads Are Floating And Start From 1.2 Pips With No Trading Commissions. The Broker Offers A VPS (Virtual Private Server) Service. The Broker Has An Advisor That Traders Can Use Without Restrictions. The Site Offers Basic Analysis And News Sources, But Lacks Educational Materials. Copy Trading Is Geared Towards Individuals, While Legal Entities Can Participate In The IB Program. Technical Support Is Available Through Multiple Channels
Advantages Of Trading At KCM Trade:
There Are Many Financial Instruments, Competitive Floating Spreads, And No Additional Fees.
Even With Less Capital, A Lot Of Leverage Can Significantly Increase Profit Potential.
Order Execution Speeds Of Up To 0.25 Ms Are Among The Highest In This Segment.
Traders Can Make Money Passively Through Copy Trading Services.
News Feed, Trader's Calculator, And Economic Calendar Are Available Free Of Charge On The Website.
Clients Of The Broker Have Unrestricted Access To Scalping, Hedging, News Event Trading, And The Use Of Other Methods And Strategies.
The Platform Has A Free Advisor, And The FIX API Features Are Available Without Restriction.
Disadvantages Of KCM Trade:
Technical Support Does Not Work On Weekends.
The Broker Does Not Work With Residents Of Cuba, Iran, Syria, North Korea, And Some Other Countries.
In An Alternative Way For Individuals To Earn Money, Only Copy Trading Is Offered. However, Joint Accounts Or Other Popular Passive Income Options Are Not Included.
Trading Account Opening
To Start Working With The Broker, Register And Open A User Account On Its Official Website. In Addition, Traders Must Be Verified To Open An Account And Start Trading. TU Experts Have Prepared A Detailed Guide That Can Reduce Any Problems And Describe The Main Features Of The User Account.
1 Visit The Broker's Website. In The Upper Right Corner, Select The Preferred Language Of The Interface. Click "Open Account".
2 Enter Your First And Last Name And Provide Your Email Address And Phone Number. Read The Broker's Privacy Policy Via The Link. Check The Box To Confirm That You Are Not A Robot. Click "Start Trading".
3 State How You Wish To Be Addressed. Select Your Nationality And Enter Your Date Of Birth. Create A Password. You Will Also Need To Enter A PIN Code, Which Will Be Sent To The Email Address You Provided. Click On The "Submit" Button.
4 Enter Your Passport Details And Upload A Scanned Copy/photo Of Your Passport's Homepage. Instead, You Can Use Other Documents, Such As A Driver's License. Again, You Will Need To Verify Your Residential Address. Click On The "Confirm Document" Button. You Will Also Have The Option To Do All These Actions Later In Your User Account.
5 In The Next Window, You Can Download The Trading Platform. Also, Its Login Details Are Provided In This Window. Below Is A Button Labeled "Access Dashboard", Click It To Enter The User Account.
6 Read The Terms Of The Partnership And Check The Box In Each Field. Indicate Whether You Need Access To The Trading Center. Click "Continue".
Introduce Yourself To The Broker By Answering A Few Questions. Click "Continue". Wait For Your Documentation To Be Checked.
8 Go To The "Account" Section Of The User Account. Click "Open Real Account". Follow The On-screen Instructions To Select The Account Type And Its Parameters.
9 Go To The "Funds" Section And Then To "Deposit Funds". Select The Deposit Channel And Then Follow The On-screen Instructions To Fund Your Account. Wait For The Funds To Be Credited To Your Balance.
10 If You Have Not Downloaded The Platform Before, Go To The "Downloads" Section And Select Your Preferred Version For Your Account. Also, The MT4 Or MT5 Trading Platform Can Be Downloaded From Its Official Website. Please Note That An MT4 Account Will Be Automatically Created For You During Initial Registration, But You Can Choose Any Version When Creating An Account Later.
Your KCM Trade User Account Also Provides The Following Access:
Account. Here, The Trader Opens A Demo Account And A Live Account, Closes Them, Views Statistics And Receives Reports.
Fund. This Block Contains Deposit And Withdrawal Functions, As Well As An Archive Of Trading And Operation Status.
Profile. Here, The Broker's Clients Can Edit Personal Information, Perform Verification And Set Security Parameters.
Loyalty Program. This Option Is Available In Certain Regions And Allows You To Earn Additional Bonuses Through Active Trading.
Market Information. This Is A Set Of Tools, Including Quote Charts, Economic Calendars, And News Feeds.
Download. Traders Can Download Various Versions Of The MT4 Or MT5 Trading Platforms.
Copy Trades. Access To Services That Allow You To Register As A Signal Provider Or Investor To Earn Additional Income Passively.
Events. Separate News Feeds Display Events Related To Proxy Operations.
IB Partnerships. This Module Is Specifically Designed To Introduce The Broker Program, Which Is Available Only To Institutional Clients.
Account Types
If A Broker Offers Multiple Trading Accounts, It Takes Time To Select The Appropriate One. However, With KCM Trade, Traders Do Not Face Such Problems. There Are Two Account Types To Choose From, With The Same Initial Deposit And Most Of The Same Parameters. Accounts Vary From Trading Platform To Platform; They Are MT4 Or MT5, The Execution Type Is STP Only Or STP/ECN, With A Minimum Spread Of 1.6 Pips For MT4 Or 1.2 Pips For MT5. According To The Broker's Statement, MT4 Accounts Are More Versatile. It Makes Trading Conditions Closer To Institutional Conditions, While MT5 Accounts Offer Greater Market Depth And Lower Spreads, Making Them Suitable For Investors With Large Amounts Of Capital. Also, There Are No Trading Volume Restrictions For MT5 Accounts. Therefore, If The User Decides To Cooperate With The MT5 Program, They Will Have To Choose An Account Based On Their Preferred Trading Strategy.
Account Type:
MT4 Trading Platform
Minimum Deposit Is $1,000. The Execution Speed Of The STP/ECN Execution Type Is Up To 25 Ms. Trading Starts From 0.01 Lots And There Are Limits. Spreads Start From 1.6 Pips And No Commission Is Charged. Traders Have Immediate Access To The Entire Asset Pool Containing More Than 200 Financial Instruments.
MT5 Trading Platform
Minimum Deposit Is $1,000. The STP Execution Type Allows Execution Speed Of Up To 25 Ms. Trading Starts From 0.01 Lots And There Is No Limit. Spreads Start From 1.2 Pips And No Commission Is Charged. Traders Trade With A Flexible Leverage Of 1:1 To 1:400 And Do Not Charge For Deposits Or Withdrawals.
Additionally, Traders Can Open A Demo Account To Explore The Broker's Capabilities And Test Their Trading Strategies. The Demo Has All The Parameters Of A Real MT4 Account, But Trades Are Done Using Virtual Currency
Deposits And Withdrawals
If Traders Successfully Predict Quote Changes And Make Profitable Trades, They Earn Profits And Replenish Account Balances.
All Or Part Of The Funds Can Be Withdrawn From The Account At Any Time By Submitting A Request To The User's Account.
Traders Can Use Bank Transfers And Withdraw Money To Visa Or MC Cards Or Cryptocurrency Wallets.
Electronic Transfer Systems Such As American Express, PayPal, Thai QR Code Payments, And UnionPay Are Also Available.
Brokers Do Not Charge Withdrawal Fees, But Any Third Parties Involved In The Transaction (e.g. Banks) Usually Do.
The Platform Operates 100% Transparently And Withdrawal Requests Are Usually Completed Within One Business Day.
