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KCM Trade Review
KCM Trade is a CFD broker whose main entity is regulated only in Mauritius. A separate Australian company holds a real ASIC license for AU clients.
Min Deposit
$500
Spreads From
0.6 pips, floating spreads
Max Leverage
1:400 on forex, lower on indices and stock CFDs
Platforms
MetaTrader 4, MetaTrader 5
Pros
- Client funds sit in segregated bank accounts with an annual BDO audit
- Australian clients can use a real, separate ASIC licensed entity
- Wide product range across forex, metals, energies, and indices
- Choice of MetaTrader 4, MetaTrader 5, and a web based platform
Cons
- Most clients sign up under Mauritius FSC rules, not a top tier regulator
- Standard MT4 account needs a $1,000 minimum deposit
- Leverage up to 1:400 is far above FCA and EU retail limits
- Some users report slow responses to withdrawal complaints
KCM Trade is the trading name of Kohle Capital Markets, which says it began as a liquidity provider in 2016 and opened to retail clients in 2019. The brand was renamed KCM Trade in 2023. It offers forex, precious metals, energies, indices, and stock CFDs on MetaTrader 4 and 5.
Most clients sign up with Kohle Capital Markets Limited, based in Mauritius and licensed by the Mauritius FSC under number C117022600. Mauritius is a lighter touch regulator than the FCA or ASIC. Australian residents instead use a separate company, Kohle Capital Markets Pty Limited, which holds a real ASIC license, number 489437.
Accounts open from $500 to $1,000 depending on the platform, with leverage up to 1:400 on forex. KCM Trade says it blocks residents of the USA, Canada, Japan, North Korea, Iran, Syria, and Sudan. Client funds sit in segregated bank accounts that get an annual audit from BDO, though most users still trade under Mauritius rules, not a top tier regulator.
Min. Deposit
USD 500
Max Leverage
1:400 on forex, lower on indices and stock CFDs
Spreads From
0.6 pips, floating spreads
Platforms
Regulation, fund safety, track record
Spreads, execution, leverage
Platform quality, charting, features
Analysis, webinars, learning materials
Support quality, responsiveness
Mobile app quality, features
