KVB Kunlun Review: 3 Key Findings for 2022

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 74-89% of retail investor accounts lose money when trading CFDs. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. This content is intended for information and educational purposes only and should not be considered investment advice or investment recommendation.

While KVB Kunlun is a trusted brand that offers services across the globe, its retail forex and CFDs offering is incredibly basic and, overall, unimpressive.

Top Takeaways

Here are our top findings on KVB Kunlun:

  • Founded in 2001, KVB Kunlun is publicly traded (HKG:6877) and regulated in four tier-1 jurisdictions, making it a safe broker (low-risk) for forex and CFDs trading.
  • Compared to pricing leaders CMC Markets and FOREX.com, KVB Kunlun is expensive and not a good choice for discount trading.
  • KVB Kunlun is a plain vanilla MetaTrader (MT4) broker with little market research to offer. Compared to industry leaders such as IG, CMC Markets, and Saxo Bank, KVB Kunlun left us unimpressed.
  • Overall Summary

    Please Note: KVB Kunlun was not included in our last annual review. As a result, this broker’s ratings may be outdated. Read our best forex brokers guide for a breakdown of the top rated forex and CFDs brokers.

    FeatureKVB Kunlun
    Overall 3 Stars
    Trust Score 85
    Offering of Investments 3 Stars
    Commissions & Fees 3 Stars
    Platforms & Tools 2.5 Stars
    Research 2.5 Stars
    Mobile Trading Apps 2.5 Stars
    Education 2.5 Stars

    Is KVB Kunlun Safe?

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    85

    Trust Score

    KVB Kunlun is considered low-risk, with an overall Trust Score of 85 out of 99. KVB Kunlun is publicly traded, does not operate a bank, and is authorised by five tier-1 regulators (high trust), one tier-2 regulator (average trust), and zero tier-3 regulators (low trust). KVB Kunlun is authorised by the following tier-1 regulators: Australian Securities & Investment Commission (ASIC), Investment Industry Regulatory Organization of Canada (IIROC), Securities Futures Commission (SFC), Financial Markets Authority (FMA) – New Zealand, and the Financial Conduct Authority (FCA). Learn more about Trust Score.

    Regulations Comparison

    FeatureKVB Kunlun
    Year Founded 2001
    Publicly Traded (Listed) Yes
    Bank No
    Tier-1 Licenses 5
    Tier-2 Licenses 0
    Tier-3 Licenses 0
    Trust Score 85

    Offering of Investments

    The following table summarizes the different investment products available to KVB Kunlun clients.

    Cryptocurrency: Cryptocurrency trading is available through CFDs, but not available through trading the underlying asset (e.g. buying Bitcoin). Note: Crypto CFDs are not available to retail traders from any broker’s UK entity, nor to UK residents.

    FeatureKVB Kunlun
    Forex Trading Yes
    CFD Trading Yes
    Tradeable Symbols (Total) 7
    Forex Pairs (Total) 31
    US Stock Trading (Non CFD) No
    Int’l Stock Trading (Non CFD) Yes
    Social Trading / Copy-Trading Yes
    Cryptocurrency (Physical) No
    Cryptocurrency (CFD) Yes
    Crypto Disclaimer (UK) Note: Crypto CFDs are not available to retail traders from any broker’s U.K. entity, nor to U.K. residents (except to Professional clients).

    Commissions and Fees

    Overall, KVB Kunlun offers only one account type for forex, which limits pricing options and makes trading expensive.

    Spreads: While KVB Kunlun doesn’t publish average spreads for forex, it lists a minimum target spread of 1.3 pips for the EUR/USD pair, which is not as competitive as the leading industry peers (even if it were an average spread). KVB Kunlun acts as a principal when executing off-exchange products, including forex and CFDs.

    UK Offering: The brands KVB Prime offering in the UK offers retail traders a Prime account, which can be established with a $100 deposit and provides lists spreads of 1.6 pips on the EUR/USD.

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    Gallery

    KVB Kunlun spreads

    Fees Comparison

    FeatureKVB Kunlun
    Minimum Deposit N/A
    Average Spread EUR/USD – Standard 1.3 (as of May 19)
    All-in Cost EUR/USD – Active N/A
    Active Trader or VIP Discounts No
    Execution: Agency Broker Yes
    Execution: Market Maker Yes

    Platforms and Tools

    For forex and CFDs trading, KVB Kunlun is a MetaTrader 4 (MT4) — only broker with little to offer beyond the standard, out-of-the-box MT4 platform experience, which is branded as ForexStar.

    ForexStar: The ForexStar interface developed by the KVB Kunlun’s technology arm, BancLogix, failed to run and did not provide a smooth user experience.

    KVB Prime: From its UK entity, KVB Prime offers MetaTrader5. Note: The firm also has a proprietary web and mobile app, although both were not yet fully launched around the time of our review.

    Gallery

    KVB Kunlun MetaTrader 4 desktop
    KVB Prime MetaTrader 5 desktop
    MetaTrader 4 desktop charts
    KVB Kunlun ForexStar Interface Error

    Research

    KVB Kunlun does not score highly when it comes to research. No economic calendar, daily blog updates, trading signals, sentiment tools, or related research resources are offered for forex and CFDs trading.

    KVB Prime: A limited but functional economic calendar is available from KVB Prime’s UK site along with market news and analysis from Investing.com and FxStreet.

    Mobile Trading

    KVB Kunlun is a MetaTrader-only broker when it comes to forex trading. iOS and Android versions of the MT4 app come standard (branded as Forex Star).

    Gallery

    MetaTrader 4 mobile charts
    MetaTrader 4 mobile watchlist

    Other notes

    It’s worth noting that KVB Prime, which is the brand’s UK-based entity regulated by the FCA, is not part of KVB Kunlun.

    Final Thoughts

    KVB Kunlun is a publicly-listed broker regulated throughout Asia-Pacific, which, despite its respected brand, is not a good choice for retail forex and CFDs trading. Unfortunately, KVB Kunlun does not stack up to the best forex brokers.

    About KVB Kunlun

    Founded in 2001, KVB Kunlun Financial Group Limited (KVB Kunlun) became a listed forex broker (HKEX:6877.HK) after its IPO on the Hong Kong Stock Exchange (HKSE) in July 2013. As of June 30th, 2019, the group employs 29 people and held over $90m Hong Kong dollars (HKD) in deposits.

    KVB Kunlun is a wholly-owned subsidiary of China’s largest investment bank, CITIC Securities (HKG:6030), following its acquisition of the broker in 2015. In 2017 it transferred its listing from the General Exchange Market (GEM) to the Main Board of the Hong Kong Stock Exchange.

    Through its wholly-owned subsidiaries that operate using the KVB Kunlun brand, the broker provides forex and CFD traders the popular MetaTrader 4 (MT4) platform developed by MetaQuotes Software Corporation, and proprietary software developed by its Banclogix division. This review focuses on KVB Kunlun’s forex and CFDs trading offering.

    KVB Kunlun Trading Features

    FeatureKVB Kunlun
    Virtual Trading (Demo) Yes
    Proprietary Platform No
    Desktop Platform (Windows) Yes
    Web Platform No
    Social Trading / Copy-Trading Yes
    MetaTrader 4 (MT4) Yes
    MetaTrader 5 (MT5) No
    cTrader No
    DupliTrade No
    ZuluTrade No
    Charting – Indicators / Studies (Total) 51
    Charting – Drawing Tools (Total) 31
    Charting – Trade From Chart Yes
    Watchlists – Total Fields 7
    Order Type – Market Yes

    KVB Kunlun Research Features

    FeatureKVB Kunlun
    Daily Market Commentary No
    Forex News (Top-Tier Sources) No
    Autochartist No
    Trading Central (Recognia) No
    Delkos Research No
    Social Sentiment – Currency Pairs No
    Economic Calendar Yes

    KVB Kunlun Mobile App Features

    FeatureKVB Kunlun
    Android App Yes
    Apple iOS App Yes
    Alerts – Basic Fields Yes
    Watch List Yes
    Watch List Syncing No
    Charting – Indicators / Studies 30
    Charting – Draw Trendlines Yes
    Charting – Trendlines Moveable Yes
    Charting – Multiple Time Frames Yes
    Charting – Drawings Autosave No
    Forex Calendar No

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