Score
Australia
|
5-10 years
| --
Website
Rating Index
Influence
D
Influence index NO.1
Turkey 2.48
LicensesLicensed Entity：VANTAGE GLOBAL PRIME PTY LTD
License No. 428901
AustraliaKlimex’s Office in Australia Does Not Exist
The visit by the survey personnel confirmed that the broker Klimex’s real address was inconsistent with its regulatory address. The ASIC license (reference number: 428901) claimed by this broker are suspected of being clones. Since it has no valid regulatory license.
AustraliaKlimex’s Office in Australia Does Not Exist
The visit by the survey personnel confirmed that the broker Klimex’s real address was inconsistent with its regulatory address. The ASIC license (reference number: 428901) claimed by this broker are suspected of being clones. Since it has no valid regulatory license.
Australia
WikiResearchGeneral Information & Regulation
Klimex Capital Markets (KlimexCM) is a forex broker based in Australia, offering investors currency, indices, and commodity trading services. klimexCM claims to be a representative of Vantage FX Global, which is fully licensed by the Australian Securities and Investments Commission (ASIC). However, this ASIC license is suspected to be a clone one.
Market Instruments
KlimexCM offers investors tradable financial asset classes, including Forex currency pairs, indices, and commodities. Fewer asset classes are available on the KlimexCM platform compared to many other brokers.
Minimum Deposit
KlimexCM offers its investors two different account types, the standard account, and the original account. Both accounts requires a minimum deposit of $100
KlimexCM Leverage
When it comes to trading leverage, the maximum trading leverage offered by KlimexCM is relatively high, reaching up to 1:500. Since margin leverage is full of risks, inexperienced traders are not advised to use such high trading leverage in case of heavy fund losses.
Spreads & Commissions
KlimexCM's standard account has an average spread of 1.8 pips on EURUSD, while the spread on the raw spread account starts from 0.6 pips, and the commission is 6 USD per lot.
Trading Platform
KlimexCM offers trading through the MetaTrader 4 (MT4) platform. It is a reliable choice for currency traders as it is both simple and comprehensive. Many traders prefer the automated trading environment, where the system (Expert Advisor) can be easily implemented.
Deposit & withdrawal
KlimexCM supports traders to deposit and withdraw funds through a range of convenient and efficient methods such as wire transfer, credit/debit cards, China UnionPay, Neteller, and Skrill. Wire transfers take a few days to process, while other methods are instant.
KlimexCMPros & Cons
KlimexCM advantages Include:
1. MT4 trading platform
2. Minimum deposit requirements acceptable
3. A wide range of funding options
KlimexCM disadvantages Include:
1. Clone license
2. Uncompetitive spreads
3. Limited tradable assets
List of the KNF's public warnings
Country/Region
Disclosure time
2025-03-15
Disclose broker
List of the KNF's public warnings
Country/Region
Disclosure time
2024-09-03
Disclose broker
Ministry of Trade Blocks 1,222 Illegal Commodity Futures Trading Websites
Country/Region
Disclosure time
2022-02-02
Disclose broker
KlimexCM offers a range of trading instruments including Forex, indices, and commodities. However, the selection of tradable assets is more limited compared to other brokers, and it doesn’t offer stocks, ETFs, or bonds. For me, this might not be enough variety, especially if you're looking for a broader range of assets to trade. A Klimex review would often mention this limitation, depending on the trader's needs.
KlimexCM claims to be regulated by the Australian Securities and Investments Commission (ASIC). However, the regulatory status is currently marked as "Unverified." From my perspective, this raises concerns because an unverified license means that KlimexCM’s claims cannot be independently confirmed. This makes me hesitant to fully trust their regulatory standing. As someone researching for a Klimex review, I would recommend being cautious and looking into further verification before deciding to trade with them.
KlimexCM supports various withdrawal methods, including wire transfer, credit/debit cards, China UnionPay, Neteller, and Skrill. In my opinion, it’s great that there are several options to choose from, especially for traders who want to use more modern methods like Neteller or Skrill. A Klimex review would typically recommend selecting the method that best fits your needs.
The spread on the standard account starts from 1.8 pips on EUR/USD, which I find to be a bit on the higher side compared to some other brokers. However, if you're looking for lower spreads, the raw spread account might be a better option, with spreads starting from 0.6 pips but incurring a commission fee of 6 USD per lot. This detail is important when considering a Klimex review, as it may affect your trading cost.
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