All Share (J203) = 89 573
Rand / Dollar = 18.39
Rand / Pound = 23.82
Rand / Euro = 19.92
Gold (usd/oz) = 3 072.67
Platinum (usd/oz) = 982.20
Brent (usd/barrel) = 72.75
Trade +10,000 CFDs with Tight Raw Spreads. – Trade Now!

Kerford UK – Account types

Kerford UK - Account Types

 

Kerford Investments UK offers a total of 3 account types, the Mini account, Classic account and the Pro account. The Kerford UK accounts are structured according to the trading size a trader plan to operate, so with higher volume, a trader will get better costs and be offered better opportunities.

 

Kerford UK at a glance

Broker's NameKerford UK
📍 HeadquarteredUnited Kingdom
📅 Year Founded1997
⚖️ Regulating AuthoritiesFinancial Conduct Authority (FCA)
🌐 Countries not accepted for tradeUnited States
☪️ Islamic account (swap-free)Yes
👍 Demo AccountNo
📊 Institutional AccountsYes
📊 Managed AccountsYes
📈 Maximum Leverage1:30
💰 Minimum Deposit1000 USD
💳 Deposit OptionsCredit cards, PayPal, Wire Transfer
💳 Withdrawal OptionsCredit cards, PayPal, Wire Transfer
💻 Platform TypesiFOREX trading platform
📱 OS CompatibilityMac, Windows, Linux, Web, Mobile Android, iPhone, iPad
📈 Tradable assets offeredForex, Equities, Mutual Funds, Precious Metals and Bullion
👨‍💼 Languages supported on WebsiteEnglish, Arabic
👥 Customer Support LanguagesEnglish, Arabic
📆 Customer Service Hours24/5

 

Min Deposit

USD 100

Regulators

FCA

Trading Platform

MT4, AX1 Trader

Crypto

No

Total Pairs

50+

Islamic Account

Yes

Trading Fees

Low

Account Activation

24 Hours

 

Kerford Investments Account Types – 8 key points quick overview:

  1. ✔️Kerford UK Overview
  2. ✔️Kerford UK Account Types
  3. ✔️Kerford UK Account Features
  4. Kerford UK Demo Account
  5. The Islamic Account
  6. Kerford UK Pros and Cons
  7. Conclusion
  8. Frequently Asked Questions

 

Kerford UK Overview

kerford overview

 

Kerford Investments (UK) Limited is a London, UK-based Forex broker that is supervised and monitored by the Financial Conduct Authority (FCA) of the UK which imposes stringent conditions on regulated members to ensure compliance according to the UK’s financial requirements and the European MiFID guidelines.

 

Kerford UK launched its Forex brokerage services in 1997. Kerford UK offers a professional trading opportunity with front-end features to enhance trading capabilities and offers several types of financial instruments such as CFDs, FX currency pairs, and Indices, to trade.

 

Kerford UK Broker designed its trading environment for trade in Forex, Equities, Mutual Funds, Precious Metals and Bullion through a choice between platforms, with an STP connection that brings light-speed execution while orders are filled with no slippage.

 

Clients’ funds are held segregated in separate accounts in tier-1 banks in the UK, as well protected by FSCS in case of company insolvency. The broker must regularly submit a detailed report of all financial transactions to the FCA to ensure that it adheres to all guidelines outlined by the FCA.

 

The company has also set up another brokerage in the British Virgin Islands, where the regulation is carried out by the BVIFSC. The broker seems to have more locations in other parts of Africa, Asia, and the Middle East through representative offices in regions such as Dubai and Egypt. The broker’s website is poorly maintained and lacks useful information or has confusing information.

 

Kerford UK Account Types

kerford account types

 

The Kerford UK accounts are structured according to the trading size a trader plan to operate, so with higher volume, a trader will get better costs and be offered better opportunities.

 

Kerford UK mentions three account types that can be used by traders to trade with – a Mini Account, Standard Account and Pro Account, but no clear explanation of the differences between the accounts could be found. On the website there is the availability of a single trading account though.

 

Kerford UK Account Features

kerford account features

 

On the website, there is the availability of a single trading account, which can be opened with a minimum deposit of $1 000, which can be paid only by credit or debit card of bank wire transfer.

 

Kerford does not offer any e-payment options, which is a drawback, especially for smaller retail traders who make up a significant majority of the Forex markets.

 

Kerford does not provide an ECN account, which is another drawback. With its large minimum deposit requirement, the broker seems dedicated to serving wealthy clients from the Middle East and North Africa.

 

The maximum Kerford leverage is 1:100 for most assets, but it drops to 1:50 or even 1:10 for some assets, according to market conditions.

 

Kerford Investments offers the standard MT4 terminal as primary trading interface, but traders can also download the AX1 Trader for accessing financial markets. Both platforms are available for mobile and desktop devices, with apps for Windows, Mac, iOS, and Android operating systems.

 

Kerford UK Demo Account

open a kerford demo account step 2

 

Kerford UK offers traders the option to open a demo or practice account which can be utilised in numerous ways, including the following:

➡️️​ A practice account for beginner traders who wish to hone their trading skills and gain experience in a risk-free environment using virtual funds.

➡️️​ Traders who want to evaluate and compare brokers and would like to explore Kerford UK’s trading conditions in a risk-free environment.

➡️️​ Traders who want to test their trading strategies in an imitated live trading environment without risking their own capital.

 

The Islamic Account

 

Kerford UK does not seem to offer traders who follow the Sharia law the option of an Islamic Account. Often an Islamic account is provided as an option where traders can convert their live trading account to an Islamic Account, or in other cases it is a standalone account with a separate application procedure.

 

The purpose of an Islamic Account is that it caters explicitly for Muslim traders who follow the strict rules of Sharia law. These rules prevent followers from paying any type of interest, such as overnight fees, which is seen as exploitive or wasteful.

 

Overnight fees are charged when 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 traders hold positions open for longer.

 

Brokers offer an Islamic Account only to Muslim traders who follow Sharia law. Traders must, however, take note that there are certain features indicated on the Islamic account which may differ vastly from the other individual account types, such as minimum deposits, spreads, and more.

 

Traders who are interested in registering for an Islamic account must contact the broker’s customer support team to verify the availability and current conditions of such an account as conditions may have changed from the time of writing.

 

Kerford UK Pros and Cons

✔️ Pros❌ Cons
Broker regulated by FCABroker is more suited for professional and experienced traders.
Higher leverages available for experienced brokersLack of education provided to new traders
MT4 offered as trading platformNo Islamic or swap free accounts offered
Range of tradable assets availableNot a choice of trading accounts provided
Website lacks essential information

 

Conclusion

Overall, Kerford UK mentions three account types that can be used by traders to trade with – a Mini Account, Standard Account and Pro Account, but no clear explanation of the differences between the accounts could be found. On the website, there is the availability of a single trading account though. The trading conditions are quite attractive and Kerford UK is not only a reputable broker, but one that caters for beginners as well as more advanced traders.

 

kerford contact us

 

You might also like: Kerford UK Demo Account – Step by Step

You might also like: Kerford UK Fees and Spreads

You might also like: Kerford UK Minimum Deposit

You might also like: Kerford UK Sign up Bonus

 

Min Deposit

USD 100

Regulators

FCA

Trading Platform

MT4, AX1 Trader

Crypto

No

Total Pairs

50+

Islamic Account

Yes

Trading Fees

Low

Account Activation

24 Hours

 

Frequently Asked Questions

 

Does Kerford UK offer leverage?

Yes, leverage of up to 1:30 for Forex instruments, 1:20 for minor currency pairs and 1:10 for Commodities. Professional traders can apply for higher ratios up to 1:200.

 

Does Kerford offer a demo account?

Yes, a Kerford UK demo account is available.

 

How long is the demo account valid?

The demo account is free to use for 30 days.

 

Which live trading accounts does Kerford UK offer?

Kerford offers 3 types of live trading accounts:  Mini account, Classic account and Pro account.

 

Does Kerford UK have an Islamic account?

No, unfortunately not.

5/5 - (1 vote)

Written by:

Louis Schoeman

Edited by:

Skerdian Meta

Fact checked by:

Arslan Butt

Updated:

June 10, 2022

Written by:

Louis Schoeman

Featured SA Shares Writer and Forex Analyst.

I am an expert in brokerage safety, adept at spotting scam brokers in mere seconds. My guidance, rooted in my firsthand experience with brokers and an in-depth understanding of the regulatory framework, has safeguarded hundreds of users from fraudulent brokerage activities.

Edited by:

Skerdian Meta

Leading Analyst

Skerdian Meta FXL’s Heading Analyst is a professional Forex trader and market analyst and has been actively engaged in market analysis for the past 10 years. Before becoming our leading analyst, Skerdian served as a trader and market analyst at Saxo Bank’s local branch, Aksioner, the forex division and traded small investor’s funds for two years.

Fact checked by:

Arslan Butt

Commodities & Indices Analyst

Arslan Butt, a financial expert with an MBA in Behavioral Finance, leads commodities and indices analysis. His experience as a senior analyst and market knowledge (including day trading) fuel his insightful work on cryptocurrency and forex markets, published in respected outlets like ForexCrunch.

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