KVB Kunlun Review

Overall, this KVB Kunlun review conducted in South Africa shows that KVB can be summarised as a credible and trustworthy broker and is considered low-risk with competitive trading fees and spreads. KVB Kunlun has an overall rating of 6/10. KVB Kunlun offers its clients their customized version of the ever-popular MetaTrader4, called ForexStar 4.

KVB Kunlun at a glance

Overall Rating

• 2.9/5

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OPEN AN ACCOUNT

Min Deposit

USD 1,000

Regulators

ASIC, IIROC, SFC, FCA

Trading Platform

MT4, ForexStar, KVB EFX Platform

Crypto

No

Total Pairs

0

Islamic Account

Yes

Trading Fees

Low

Account Activation

24 Hours

Who is KVB Kunlun?

According to research in South Africa, KVB Kunlun was established in 2007 and is a wholly-owned subsidiary of KVB Kunlun Holdings Limited. It is regulated by the Securities and Futures Commission of Hong Kong (SFC) and holds type 1, 2, 5 licenses, mainly for Securities, Futures and Options brokerage.

The parent company of KVB Kunlun – KVB Kunlun Holdings Limited, has wholly-owned financial institutions in Auckland, Sydney, Melbourne, Toronto, and Hong Kong. The company is regulated by authoritative regulators as well as being authorized to provide various financial products.

KVB Kunlun has established long-term cooperative relationships with many international well-known banks, exchanges, and leading financial institutions in the business areas. KVB Kunlun gathers financial experts together from different countries in the world to integrate multiculturalism.

The company is committed to the development of international financial products and financial technology, breaking through the regional restrictions of traditional financial investment and services, and meeting the demand of different regions.

The company serves independent traders, fund managers, professional asset management institutions, and financial institutions in the Asia-Pacific region, providing a wide range of trading products, as well as one-stop services and financial software systems.

Safe or Scam?

KVB Kunlun is primarily a Hong Kong-based broker. KVB Kunlun International (HK) Limited, operating as KVB Kunlun, holds a license from the Hong Kong Securities and Futures Commission (SFC). This is the regulatory body responsible for the registration and supervision of Hong Kong broker firms.

The SFC licensing procedure is a long and complicated one, involving the submission of various documents, fit and proper testing for officials representing the firm, and maintaining adequate accounting and control systems. Added to this, the applicant must maintain a minimum paid-up share capital and liquid capital of HK$5 million and should keep adequate accounting and control systems.

As a stock exchange-listed broker operating under the auspices of the highly regulated SFC, KVB Kunlun is able to offer its clients an entirely safe and secure trading environment.

KVB Kunlun Pros and Cons

KVB Kunlun Leverage

KVB Kunlun offers leverage up to 1:200 for all major currencies, which is the industry’s standard. The company’s leveraged forward contract will assist its commercial customers with a hedging requirement of up to 20 times of leverage ratio. This reduces margin funding pressure by as much as four times offered by traditional products.

The company’s offshore CNY leveraged products offer trading convenience for most Hong Kong based Chinese enterprises for hedging their overseas income. Leverage is a useful tool which can potentially maximize a trader’s potential profits, but also carries a high risk of loss, especially for those seeking to invest large sums of money.

KVB Kunlun Accounts

KVB Kunlun offers its clients a choice of two account types, namely the Standard and Mini account. The Standard account is commission-free, while a small commission applies to the Mini account, where micro lots are available to trade. Both account types offer a maximum leverage of 1:200 and variable spreads.

The company also offers a free Demo account to allow newbie traders to learn the aspects of Forex trading in a safe and market-simulated environment.

Standard Account

The Standard Account comes with the following specifications:

️​ Minimum deposit: $5,000

️​ Minimum trade size: 1

️​ Maximum leverage: 1:200

️​ Average spreads: 1 pips on EUR/USD

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 pips 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

However, the minimum deposit is not publicly stated until the registration is completed, and to do that, clients have to submit their identification documents and verify the trading account.

KVB Kunlun Market Instruments

KVB Kunlun offers trading in over 30 different currency pairs, precious metals, and various global stock index and commodity CFDs. KVB Kunlun allows traders to execute a minimum of trade of varieties. This may vary depending on the account a client chooses to open.

KVB Kunlun also allows traders to execute a maximum variety of trades. As KVB Kunlun offers ECN and STP execution, traders can expect very tight spreads with more transparency over the price they’re paying to execute their trades.

As with most brokers, margin requirements do vary depending on the instruments.

KVB Kunlun Fees

While KVB Kunlun doesn’t publish average spreads for forex, it lists a minimum target spread of 1.3 pips for the EUR/USD pair, which is not as competitive as the leading industry peers (even if it were an average spread). KVB Kunlun acts as a principal when executing off-exchange products, including forex and CFDs.

KVB Kunlun provides variable spreads, which are relatively high for the forex market: the average spreads on EUR/USD amount to around 2.1 pips on EUR/USD.

The KVB Prime brand offering in the UK provides retail traders a Prime account, which can be established with a $100 deposit and provides lists spreads of 1.6 pips on the EUR/USD.

KVB Kunlun Deposits and Withdrawals

KVB Kunlun requires a minimum initial deposit of $1000, which is a considerable amount, as most FX brokers usually demand $100 – $250.

Clients of KVB Kunlun may use the following payment methods:

• credit/debit card
• bank wire
• Telegraphic transfer.

Popular e-wallets like Skrill, Neteller and Webmoney, used by most forex brokers, are unfortunately not accepted by the company. When making a deposit, traders will need to provide the following:

• Your full name
• Account number of your securities account (if you 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 center. If the client has established a standing order with the company, they can apply by calling the customer service number.

The requirement for a margin account is dependent on the purchasing power in the account. If the client’s account has sufficient purchasing power to purchase the stock, the purchasing power can be the cash value of the customer’s account and/or the financing value of the stock position in the account.

KVB Kunlun Trading Platforms

KVB Kunlun offers its clients their customized version of the ever-popular MetaTrader4, called ForexStar 4. This platform was launched in 2003 as the first bilingual (English and Chinese) supported online trading platform in the Australasian region.

It combines a user-friendly interface, multiple currency pairs charting, real time account information, a variety of professional technical analysis indicators and a risk management function. ForexStar is a platform that is available for PC, iPhone/iPad, android and APK, and traders should make sure to download the right version. Also, traders get access to real-time charts and market data, as well as two-way quotations.

The platform is supported in English and simplified Chinese language. There are also some trading tools integrated on the platform. Quotes are provided by the international banks. Floating spreads go as low as 0.42 for gold/USD.

HOW TO OPEN AN ACCOUNT

The KVB Kunlun review is simple and easy. When opening a trading account with KVB Kunlun, clients will need to sign up on the company’s website.

Once clients have received their login details by email, submitted their identification documents for account validation, and made a deposit, the next step is to download the trading platform of their choice.

The KVB Kunlun demo account first requires a registration, and then a download and installation.

This somewhat complicated procedure indicates that this broker is more oriented towards experienced traders who know how to handle this more technical aspect of trading.

The demo account for PC is based on the ForexStar 4 platform that requires a download. Very similar to the MT4 downloadable platform, clients can select the amount available for trading, as well as the leverage.

Customer Support

KVB Kunlun supports a wide range of languages including English, Spanish, Czech, Chinese, German, French, Italian, Polish, Portuguese, Romanian, Slovenian, Hindi, Hebrew, Arabic, and Russian.

However, the company compares poorly to other brokers in terms of their customer support, with much feedback reporting a slow response or many queries left unanswered.

Traders who want to contact KVB Kunlun must fill out an online form. This form is somewhat different than traditional online forms available on other websites.

For example, traders have to identify the brokerage branch they are trying to reach, as well as the type of inquiry.

This is most likely due to the fact that KVB Kunlun offers fewer customer support features compared to other brokers, such as live chat, while its phone and email support options are limited to a single section on the website for all queries.

Education

KVB Kunlun offers little to no educational support on their website, and the offering is limited to a brief FAQ section which covers only the most basic questions, such as how to make withdrawals and deposits.

As such, newbie traders will find this a difficult broker to acclimatize to, and their risk of loss would be heightened due to the poor customer support and the lack of webinars and comprehensive training courses offered by many other brokers in the industry.

Research

KVB Kunlun also fairs badly in terms of its research tools, offering no economic calendar, daily blog updates, trading signals, sentiment tools, or related research resources for forex and CFDs trading.

A limited but functional economic calendar is available from KVB Prime’s UK site along with market news and analysis from Investing.com and FxStreet.

As such, the company does not provide a welcoming trading environment for beginner or advanced traders, offering none of the benefits which many other brokers do.

Awards

KVB Kunlun does not list any awards to date, which is not surprising given its limited offering as described above.

Conclusion

KVB Kunlun is a global broker, holding multiple licenses, which offers reasonable conditions for trading in forex, CFDs and precious metals. KVB Kunlun is regulated and supervised by reputable organisations. This regulation gives traders some recourse for those who have issues with KVB Kunlun.

Regulatory authorities protect traders in a number of ways, such as reimbursement schemes that regain the client’s investment in the event the broker becomes insolvent. The brokerage firms have to comply with a variety of rules and criteria determined by the recognized international authority with the intention to provide secure trading and stay licensed.

The whole notion of regulation is to protect KVB Kunlun traders and provide a safe trading environment. Unfortunately, the company does not stack up against many other brokers in the industry in terms of their tools and general offering. The company appears to be pivoted more towards established and institutional traders, but even then the company’s limited offering might present a significant drawback.

Disclaimer

The company’s website contains information about products and services provided by KVB Kunlun Securities (HK) Limited. The information is only for reference and all comments, market news, research reports, analyses, materials, reports or materials are not considered as solicitations to provide any products or services, nor do they constitute investment advice of any kind or nature.

Although KVB Kunlun Securities (HK) Limited believes that the above information and its sources are reliable, KVB Kunlun Securities (HK) Limited does not assume any legal responsibility for referral or other websites and their contents.

Nor does the accuracy, completeness, or fairness of the information contained on the website is guaranteed. Any person who relies and acts on the information of this website and other websites referred to it is solely responsible for the risks involved. The materials on this website may be changed and withdrawn at any time without notice.

Margin securities and securities derivatives transactions are high-risk investments, and the risk of loss can be quite large, even exceeding the value of cash held and any other mortgaged assets.

You must make an assessment or consult an independent professional investment adviser based on your financial situation and investment objectives. Each product and service is provided with its own independent disclosure statement, according to research in South Africa.

Frequently Asked Questions

What is KVB kunlun?

A subsidiary of KVB Kunlun Holdings Limited that holds type 1,2 and 3 licenses as a Securities, Futures and Options brokerage.

How many instruments can I trade with KVB Kunlun?

You can trade several different instruments with KVB Kunlun incl: Forex and derivatives,precious metals and bulk commodities

Is KVB Kunlun regulated?

KVB Kunlun is regulated by ASIC in Australia, IIROC in Canada, SFC (independent statutory body) and the FCA in the UK.

What is the overall rating out of 10 for KVB Kunlun?

Overal rating is 9/10.