KCM Trade Limited is a forex broker whose official website domain was registered on May 12, 2023. It primarily offers investors trading services in financial derivatives such as foreign exchange, stocks, futures, energy, precious metals, and cryptocurrencies. The address of its headquarters is unknown. This broker does not provide services in jurisdictions that may violate local laws or regulations, such as North Korea, Israel, China, Vanuatu, and Cuba.
Registration Information and Regulatory Status:
According to information publicly available on the official website of KCM Trade Limited, its headquarters are located in London. Its subsidiaries are regulated by the United States Financial Crimes Enforcement Network (FinCEN) as Money Services Businesses (MSBs) and are registered with the United States National Futures Association (NFA), subject to its audits and supervision. Additionally, the broker is authorized and regulated by the Financial Conduct Authority (FCA) of the United Kingdom, with the license number 146311.
Upon verification, neither the National Futures Association (NFA) of the United States nor the Financial Crimes Enforcement Network (FinCEN) have any registered entities under the name KCM Trade Limited. Furthermore, the FCA's official website indicates that the entity registered under license number 146311 is AMT Futures Limited, whose official website is www.amtfutures.co.uk, which has no relation to KCM Trade Limited.
Moreover, the web design and content of this broker's website closely mirror those of brokerage firms such as CPT Limited, Unisnfx, XCY Global Ltd, BCC markets limited, Texttforex, GYG INVESTMENT LTD, and Maxtra Financial Limited.
Account Opening:
To open an account with KCM Trade Limited: Visit the broker's official website, click on "Register" at the homepage or the top-right corner of the page to enter the account registration page. Follow the instructions to fill in your email address, set a login password, and submit your application. After submission, your account will be successfully registered.
Trading Account Information:
KCM Trade Limited's official website only discloses information such as spreads, trading leverage, margin call/stop-out levels, and contract sizes. Detailed information regarding account types, trading commission, minimum/maximum trading volume, maximum number of positions/orders, and minimum price precision is not disclosed.
Spreads: Variable, starting from 1 pip
Trading Leverage: 1:100—1:500
Margin Call/Stop-Out Level: 100%/50%
Contract Size: 1 lot = 100,000 currency units
Trading Platform:
KCM Trade Limited offers its users the proprietary Textdiy trading platform.
Deposits and Withdrawals:
KCM Trade Limited has not explicitly disclosed the supported deposit and withdrawal methods, associated fees, or the minimum deposit and withdrawal amounts on its official website.
Conclusion:
Traderknows reminds investors that KCM Trade Limited is a forex scam website with opaque registration and regulatory information, and suspected false advertising. The only means of contact is through email, and the contact method is extremely limited. The website design and content are using the same template as CPT Limited, Unisnfx, XCY Global Ltd, BCC markets limited, Texttforex, Maxtra Financial Limited, GYG INVESTMENT LTD, and other brokerage websites. Traderknows advises investors to choose brokers with transparent information, strong regulation, and good reputation to avoid unnecessary financial losses.
Currently, this broker is marked as "suspected of fraud" on Traderknows.
