KVB Prime charges floating spreads from 0.0 pips EUR/USD. The spread list that KVB Prime offers depends on the specific financial instrument that is being traded and the market conditions on the trading day.
KVB Prime at a glance
Broker's Name | KVB Prime |
📍 Headquartered | Manchester, UK |
📅 Year Founded | 2014 |
⚖️ Regulating Authorities | FCA |
🌐 Countries not accepted for trade | United States, Canada, European Union, Hong Kong, Australia, Japan, South Africa |
☪️ Islamic account (swap-free) | No |
👍 Demo Account | Yes |
📊 Institutional Accounts | No |
📊 Managed Accounts | Yes – MAM |
📈 Maximum Leverage | 1:800 |
💰 Minimum Deposit | 10 USD/150 ZAR |
💳 Deposit Options | NEWBIT Payment Asia UnionPay Bank Wire Transfer |
💳 Withdrawal Options | NEWBIT Payment Asia UnionPay Bank Wire Transfer |
💻 Platform Types | MetaTrader 4, KVB Prime App, FOLLOWME CopyTrade |
📱 OS Compatibility | Linux, Windows, macOS, Android, iOS, web browsers |
📈 Tradable assets offered | Forex Cryptocurrencies Commodities Shares Indices |
👨💼 Languages supported on Website | English, Vietnamese, Indonesian, Malay, Thai, Chinese |
👥 Customer Support Languages | Multilingual |
📆 Customer Service Hours | 24/5, |
KVB Prime Fees and Spreads – 6 key points quick overview:
KVB Prime Fees and Spreads
Additional Trading Fees
KVB Prime Broker Fees
- KVB Prime Pros and Cons
- Conclusion
- FAQ’s
KVB Prime Fees and Spreads
Floating spreads indicate that the spreads will change according to these factors, and they can change rapidly in volatile, liquid markets.
The typical and average spreads that traders can expect when they trade with KVB Prime are as follows:
️ Forex – 0.0 pips on EUR/USD, GBP/USD, and USD/JPY
️ UK Oil, US Oil, and Silver – 2.4 pips
️ Gold – 0.8 pips
️ Shares – 0.0 pips
️ Indices – 0.7 pips on HIS
️ Cryptocurrencies – 1.2 on TRX/USD
There are no commissions indicated on the KVB Prime product specification webpage, but most ECN brokers that offer tighter spreads are likely to charge commissions to cover their broker fees for facilitating the trade.
Additional Trading Fees
Overnight and swap fees are charges or interest that are either credited or debited when traders keep their positions open for longer than a trading day. KVB Prime offers a comprehensive and transparent fee schedule and overnight fees are charged according to the following:
️ The position size
️ The position of the trader – whether long or short
️ The financial instrument that is being traded
KVB Prime provides several swap-free instruments that can be traded, with positions that can be held without swaps being debited/credited. However, there are strict conditions involved and traders can face client agreement termination if KVB Prime notices any abuse or misuse of these instruments.
As KVB Prime is not a spread betting broker, spread betting fees will not apply.
KVB Prime Broker Fees
Deposit fees and withdrawal fees are not indicated on the KVB Prime website, and there is no other mention of additional broker fees. However, conditions change, and traders are urged to verify the existence of all fees, including currency conversion, account maintenance and management, and inactivity fees.
KVB Prime Pros and Cons
✔️ Pros | ❌ Cons |
Competitive spreads charged | Islamic account not offered |
Swap-free instruments offered | Some spreads are higher than the industry average |
Transparent fee schedules offered |
Conclusion
Overall, KVB Prime charges floating spreads from 0.0 pips EUR/USD. The spread list that KVB Prime offers depends on the specific financial instrument that is being traded and the market conditions on the trading day. KVB Prime is a well-regulated and well-established forex broker that is overseen by the FCA, offering traders a wide range of markets, competitive trading conditions, and powerful trading platforms.
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FAQ’s
How many instruments can I trade with KVB Prime?
You can trade any of the following instruments:
- Forex
- Cryptocurrencies
- Commodities
- Shares
- Indices
Which platforms are supported by KVB Prime?
KVB Prime supports the use of the following:
- MetaTrader 4
- KVB Prime App
- CopyTrade by FOLLOWME
Does KVB Prime offer leverage?
Yes, KVB Prime offers leverage up to a maximum of 1:800.
What spreads can I expect with KVB Prime?
You can expect spreads from 0.0 pips EUR/USD. The spreads that are charged will depend on the instrument that is being traded and the market conditions.
Does KVB Prime charge commission?
Some commissions may be charged on 0-pip spreads such as EUR/USD.
Are there additional charges on the Islamic account?
No. KVB Prime does not offer the option for an Islamic Account.
Is KVB Prime regulated and by whom?
Yes, KVB Prime is regulated by the Financial Conduct Authority (FCA) in the United Kingdom.
Is KVB Prime a recommended forex trading broker for experts and beginners?
Yes, KVB Prime is recommended for both beginners and experts.
What is the overall rating out of 10 for KVB Prime?
7/10.
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