KVB PRIME Review

Overall, KVB Prime can be summarised as a credible and trustworthy broker and is considered low-risk with competitive trading fees and spreads. KVB Prime has an overall rating of 6/10. KVB Prime is well-regulated by the Financial Conduct Authority (FCA) in the United Kingdom.

KVB Prime at a glance

Overall Rating

4.3/5

Rated #525 of
Recommended FX Brokers

Minimum Deposit

–

Regulators

–

📱 Trading Desk

–

₿ Crypto

Yes

📈 Total Pairs

–

Islamic Account

No

 Trading Fees

Low

🕒 Account Activation Time

24 Hours

🏛️ Visit Broker

Open a Trading Account

KVB Prime Review – 19 key points quick overview:

1. Who is KVB Prime?
2. KVB Prime Safe or Scam?
3. KVB Prime Pros and Cons
4. KVB Prime Leverage
5. KVB Prime Accounts
6. KVB Prime Market Instruments
7. KVB Prime Fees
8. KVB Prime Deposit and Withdrawal
9. KVB Prime Trading Platforms
10. How to open a KVB Prime account
11. KVB Prime Customer Support
12. KVB Prime Education
13. KVB Prime Research
14. KVB Prime Current Popularity Trend
15. KVB Prime, vs FXGlobe vs XM – A Comparison
16. KVB Prime Awards
17. Conclusion
18. Disclaimer
19. FAQ’s

Who is KVB Prime?

According to research in South Africa, KVB Prime is a United Kingdom-based FCA-regulated ECN financial broker that offers professional trading services. KVB Prime is well-known for the innovative and powerful trading technology, low latency connections, and competitive trading conditions that are offered.

Multiple awarding bodies around the world like Forex Award, Global Forex Award, and many others have commended KVB Prime for its excellent trade execution and dedicated trading services that are provided through innovative platforms.

KVB Prime offers a wide range of tradable instruments spread across several asset classes including forex, indices, cryptocurrencies, shares, and commodities. Traders can access global financial markets through powerful trading platforms such as MetaTrader 4 and KVB Prime’s application.

The single trading account that KVB Prime offers is dynamic and tailor-made to cater for the differing needs and objectives of different traders, despite their trading knowledge, skill, or experience.

KVB Prime Safe or Scam?

When traders evaluate brokers, regulation is one of the most crucial components that must be considered. Regulated brokers are required to comply with stringent rules and regulations set by regulatory entities and through this, client fund security can be ensured.

KVB Prime is well-regulated by the Financial Conduct Authority (FCA) in the United Kingdom. KVB Prime is required to keep all client funds in segregated accounts with top-rated banks, separate from the operational funds of the broker.

These accounts are also audited by regulatory entities frequently to ensure compliance and that KVB Prime can fulfil its financial obligations to retain its licensing as a financial service provider. Brokers that are well-regulated by entities such as the FCA typically offer investor compensation to eligible clients.

The compensation scheme will pay out eligible clients a certain amount if the broker becomes insolvent or it is otherwise unable to fulfil its financial obligations, with these amounts ranging from 20,000 EUR/GBP up to 100,000 EUR/GBP, depending on the broker and the scheme of which they are a member.

KVB Prime Pros and Cons

KVB Prime Leverage

Leverage is a tool that is offered by numerous brokers to traders. With leverage, traders can open larger positions, allowing traders more exposure to the market in which they are trading despite their initial deposit.

The leverage that KVB Prime offers will depend on the financial instrument that is being traded, with the following levels available to traders:

️​ Cryptocurrencies – 1:10

️​ Shares – 1:40

️​ Indices – 1:100

️​ Oil and silver – 1:200

️​ Gold – 1:500

️​ Forex pairs – 1:800

KVB Prime Accounts

Standard Account

The Standard Account is the entry-level account that can be used by most traders. This account type has the following features:

• A low minimum deposit requirement of $10/R150
• Floating leverage up to a maximum of 1:800 on forex
• Floating spreads that start from 0.0 pips on EUR/USD
• Stop-out level/Margin requirement of 50%
• Market execution on trades
• Access to a wide range of markets
• A choice between MetaTrader 4 and KVB Prime’s mobile app
• Social trading opportunities that are offered through FOLLOWME CopyTrade
• Access to educational materials and research tools
• Traders qualify for a Double-Deposit Bonus of 100% with deposits from 500 USD/7,410 ZAR up to a maximum of 10,000 USD/150,000 ZAR
• Micro lot trading allowed from 0.01 lots

Demo Account

KVB Prime offers traders the option to register a demo account through MetaTrader 4 by selecting the KVB Prime server.

The KVB Prime demo account can be used to explore MetaTrader 4, develop and test trading strategies, and practice trading in a risk-free environment that reflects real live market conditions without risks to capital.

KVB Prime Market Instruments

KVB Prime offers the trade in the following financial asset classes:

• Forex – 35+ pairs ranging from majors, minors, and exotic pairs.
• Commodities including UK and US Oil, Silver, and Gold.
• Shares include Google, Apple, Amazon, AMD, and many more.
• Indices include the Dow Jones, FTSE100, DAX, and others.
• Cryptocurrencies such as Bitcoin, Litecoin, Ethereum, Dash, Cardano, and others.

KVB Prime Fees

Another crucial factor that traders must consider when evaluating a broker is the fees that they will incur. These fees relate to both trading and non-trading activities and actions.

Trading Fees

One of the first fees that traders will encounter concerns a minimum deposit fee which is paid after the trader has completed account registration. KVB Prime charges a standard minimum deposit of 10 USD (150 ZAR) when traders register a real account.

Traders can expect spreads from 0.0 pips on EUR/USD and commissions may be charged on these spreads.

KVB Prime also charges overnight fees that are calculated according to the financial instrument, position size, the duration that the position is kept open, and will depend on whether the trader holds a long or short position, with swaps debited on long positions and credited with short positions.

KVB Prime offers some financial instruments where swap fees are not debited/or credited, these are as follows:

• AUD/USD
• EUR/GBP
• EUR/JPY
• EUR/USD
• GBP/JPY
• GBP/USD
• NZD/USD
• USD/CAD
• USD/JPY

Non-trading fees

Where non-trading fees are considered, traders must consider fees relating to account inactivity, deposit and withdrawal fees, account management and maintenance fees, currency conversion fees, and others.

KVB Prime does not charge an inactivity fee when the trading account goes dormant. There are no deposit fees or withdrawal fees indicated, account management or maintenance fees charged, and currency conversion fees may be charged if traders used deposit currencies other than those that are accepted by KVB Prime.

KVB Prime Deposit and Withdrawal

When evaluating brokers, the ease with which deposits and withdrawals can be made is another imperative factor to consider.

KVB Prime offers traders the following ways through which deposits and withdrawals can be done:

• NEWBIT
• Payment Asia
• UnionPay
• Bank Wire Transfer

KVB Prime Trading Platforms

KVB Prime offers traders the use of the following trading platforms:

• MetaTrader 4
• KVB Prime Mobile App
• CopyTrade which is offered through FOLLOWME

MetaTrader 4 is one of the most popular trading platforms in the industry, offering a wide range of functions that can be used along with powerful charting capabilities, technical indicators, expert advisors, and more.

The KVB Prime application can be downloaded on Android and iOS, and it is a self-developed project management app, offering traders of varying experience levels access to charts, transactions, account registration, fast deposits and withdrawals, market quotes, and more.

Copy trading is provided by FOLLOW ME, a third-party service provider that has a strategic partnership with KVB Prime, offering traders a range of trading signals from expert traders who share their trading strategies and trades.

How to open a KVB Prime account

To register for a KVB Prime account, traders can follow these steps:

Step 1 – Open up the official KVB Prime Website 

Open up the KVB Prime website on your favourite browser.

Step 2 – Navigate to the official KVB Prime website and select “Create Account” from the homepage.

On the top left of the menu bar click on the “create account” tab to start the process.

Step 3 – Fill in the required details

Fill in all your personal required details.

KVB Prime Customer Support

KVB Prime offers customer support 24 hours a day, 5 days a week through the following communication channels:

• Telephone
• Live Chat
• Email

KVB Prime Education

KVB Prime provides traders with the following educational and training:

• Comprehensive guides with an FAQ section at the bottom of the page
• Educational videos
• A comprehensive glossary with Forex terms from A-Z

KVB Prime Research

KVB Prime provides the following research tools, materials, and resources:

• Quote Tools
• Insights
• Technical Analysis tools

KVB Prime Current Popularity Trend

As According to Google Trends, here is an overview of how frequently the search term – “KVB Prime” is entered into Google’s search engine over a given period of time.

KVB Prime, vs FXGlobe vs XM – A Comparison

KVB Prime Awards

Conclusion

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. There is only one trading account provided, but it has features that cater for different trading needs and objectives, despite whether traders are beginners or professionals.

When traders use KVB Prime, they can expect competitive trading conditions in addition to ensuring that client fund safety is ensured by keeping funds in segregated accounts with top-rated banks.

Disclaimer

KVB Prime warns potential customers that Forex and CFDs trading carries a substantial risk and may not be suitable for all investors. Before deciding to trade with KVB Prime, potential traders are advised to carefully consider their investment objectives, financial situation, needs and level of experience before investing money they cannot afford to lose.

KVB Prime warns that margin trading involves the potential for profit as well as the risk of loss. Movements in the price of foreign exchange and commodities are very unpredictable, hence KVB Prime cannot guarantee a maximum loss that a trader may suffer, according to research in South Africa.

You might also like: KVB Prime Demo account

You might also like: KVB Prime Account Types

You might also like: KVB Prime Minimum Deposit

You might also like: KVB Prime Fees and Spreads

You might also like: KVB Prime Sign Up Bonus

FAQ’s

TRADING ENVIRONMENT

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.

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.

ACCOUNTS

What is the difference between a demo and a live trading account?

A demo account is a practice account that can be used by both beginner and professional traders. Beginners can use a demo account to practice their trading while more advanced traders can use it to test their trading strategies.

Alternatively, traders can also use a demo account to explore what a broker has to offer. Demo accounts are known for the risk-free environment that they offer along with the virtual funds which are used to trade.

Does KVB Prime offer a demo account?

Yes, KVB Prime offers a demo account.

How long is the demo account valid?

30 days.

Which live trading accounts does KVB Prime offer?

KVB Prime only offers a single standard retail trading account.

Does KVB Prime offer an Islamic Account?

No, KVB Prime does not offer the option for an Islamic Account.

What are the available deposit currencies for a live trading account?

• USD
• EUR
• GBP

DEPOSITS AND WITHDRAWALS

What is the minimum deposit required to open an account with KVB Prime?

10 USD/150 ZAR.

How do you make a deposit and withdraw money with KVB Prime?

KVB Prime offers some of the following ways through which deposits/withdrawals can be made:

• NEWBIT
• Payment Asia
• UnionPay
• Bank Wire Transfer

Does KVB Prime charge withdrawal fees?

Some fees may apply depending on the payment method and the amount.

How long does it take to make a withdrawal?

This will depend on the withdrawal method, but some can take up to 5 working days, such as Bank Wire Transfer.