Brokers have started offering more and better in quality services, encompassing every aspect of the online trading world. Such a transition to the expanding universe of online investments has done the KayaFX broker as well. It is a professionally developed and carefully maintained platform that provides tools and solutions for every aspect of the online investment field.
The latest enhancement of the provided services has been the addition of the cryptocurrency trading capabilities of the broker. You now have access to both Forex and CFD trading features, including for the cryptocurrency assets. This is not a cryptocurrency exchange but a trading platform with a lot of useful properties.
I looked closely into the case of KayaFX and I am of the opinion that this broker is not a scam. In the following online trading broker review, you will be able to learn more about it and what you can achieve on its platforms.
Broker Name: KayaFX
Minimum Deposit: 250€*
*Capital that belongs entirely to the trader, it is not a form of payment. Investors need an initial available capital to start making investments.
What is the KayaFX Broker – Scam or Not?
This is an international investment broker that has been created and is maintained by a team of trading and technological experts. It provides countless investment opportunities and it can meet the needs and expectations of people on all levels of experience.
This broker operates in compliance with international financial and anti-money laundering laws, applying strict policies for personal data and funds protection. It also follows the active MiFID directives and has provided a solid encryption in order to keep all of your information safe.
Review Verdict: KayaFX Is Not a Scam
The brokerage provides a multitude of opportunities, various platforms, and steady assistance, so that all of its clients can have a fruitful and satisfying experience. The online trading community has accepted the broker with open arms. There is a predominantly positive feedback from clients. No withdrawal or deposit procedures problems are known, and the brokerage maintains a complete policy for transparency and ethical conduct. In other words, there is enough evidence that the KayaFX broker is not a scam.
KayaFX Trading Opportunities
There are several aspects of the next generation of online trading that this broker has covered. You can invest in Forex and CFD trading operations alike. But the new thing about the broker is the ability to trade Bitcoin, Ethereum, Dash, Ripple, and Litecoin against other currencies on the platform.
This is a clear sign that the brokerage is keeping up with investment trends and strives to provide its clients with top-quality services. Along with that, there are several additional features that can further support and enhance your investment efforts:
- Automated Forex Trading – you can acquire a custom in-house robot that has the ability to trade Forex automatically, even when you are away.
- Trust Management of Funds – you can also request that your investments are managed by the in-house team of KayaFX. This is a team of investment experts that will do the best out of your capital.
Both have a symbolic price of just 10€ per trading lot. More about these opportunities you can learn on the official website of KayaFX. If you prefer to trade on your own, you can still do it, the platform is user-friendly and extremely easy to navigate. It does not matter how much previous experience you have, you will still be able to utilize the features of the broker.
KayaFX & Trading Platforms
With this broker, you can choose the way of trading that suits your needs best. You have access to the famous MetaTrader 4 platform that is the industry leader. It is available for download, but if you prefer not to install anything on your device, you can use the optimized browser-based platform they provide – WebTrader.
Additionally, you can download a mobile application for your phone, to trade on-the-go. There is one available for both Android and iOS clients. Either way, you will be enjoying a smooth and user-friendly experience with this broker.
Account Types, Deposits & Withdrawals
Of course, in order to start trading, you need to open an account first. There are four account types you can choose from – Mini, Bronze, Silver (which is the most popular one), and Gold account types. They differ mainly in the starting deposit that is required for them, and the higher-tier features provided and recommended for more experienced traders.
But with all of them you get access to a demo trading account to polish your abilities and skills, free educational and training resources to enhance your knowledge, and an expert advisor to guide you and help you on every step of the way. As I already mentioned, you can start with as little as 250€ for the most basic account type, and grow your portfolio from there.
Demo Trading Advantage
Demo trading gives you the chance to get to know the platform better, to develop strategies, and test your skills as a whole. The best brokers usually provide demo trading. This is a real-time trading with the actual and most current information. The only difference with the live trading accounts is that you do not use real funds to make investments. Meaning, there is no pressure you might make a mistake. Such a demo account can help you develop additional skills and can build your confidence, especially if you are a complete beginner.
In order to withdraw your profits, you have to submit a request. The process takes between 5 and 10 business days at most. This is due to the fact that you are required to complete a strict verification procedure that is put in place in order to provide you with safety and security.
KayaFX is currently one of the leading international brokers. It is not a scam. On the contrary, this is one of the most transparent and ethical brokers operating in the industry. It offers lucrative trading opportunities, you can make use of both hedging and leveraging your capital. With it, you can safely carry out Forex and CFD trading, including cryptocurrency tradable assets against other currencies. At the moment, KayaFX is one of the best-developed high-quality brokers you can find in the industry and I recommend it as a very good choice for starting your operations in the online trading world.
Review Verdict: KayaFX Is Not a Scam