Company DetailsTrading PlatformsMetaTrader 4KVB Prime WebTraderAssets & MarketsSpreads & FeesKVB Prime LeverageMobile App ReviewPayment MethodsDepositsWithdrawalsDemo AccountDeals & PromotionsRegulation & LicensingAdditional FeaturesAccountsHow To Open An AccountBenefits Of KVB PrimeDrawbacks Of KVB PrimeTrading HoursCustomer ServiceSecurity & SafetyKVB Prime VerdictAccepted CountriesCompare KVB PrimeKVB Prime Comparison TableCompare Trading InstrumentsKVB Prime vs Other BrokersFAQIs KVB Prime Regulated?Does KVB Prime Have A Mobile App?How Can I Contact KVB Prime For Trading Account Queries?What Account Currencies Does KVB Prime Accept?Does KVB Prime Offer Global Trading Services?
KVB Prime is a forex and CFD broker. The brand offers 50+ instruments on MetaTrader 4 and a proprietary web trader platform and mobile app. This review will cover how to register for a KVB Prime account, service charges, payment methods, customer care helpline numbers, no deposit bonuses, and more.
KVB Prime was established in 2014 and has headquarters in Manchester, UK.
The broker specializes in leveraged CFD and currency trading with innovative technology and professional investment services. New concepts, including MT4 bridging, are also due to launch in the future.
KVB Prime (UK) Limited is regulated by the Financial Conduct Authority (FCA). Our review will also uncover the trading services provided by the global entity; KVB Prime Limited, which is incorporated in Samoa.
The broker offers MetaTrader 4 (MT4). Traders can download MetaTrader 4 to a desktop device or use it directly through major web browsers. All you need is a stable internet connection.
Used by millions of retail investors each day, the platform supports traders of all skill levels with technical analysis tools, access to expert advisors (EAs), and live signals.
MT4 also offers a user-friendly interface meaning you can view all features within one screen. This includes real-time price quotes, 24 graphical objects, and various technical indicators.
How To Place A Trade
Open the MT4 platform
Select ‘tools’ from the menu along the top and then ‘new order’
A pop-out window will then appear
Select the symbol of the asset you want to trade from the drop-down list
Select the type of order – pending order or instant execution
Add the order volume
Add stop-loss or take-profit risk management parameters
Input any additional trade comments
KVB Prime WebTrader
The broker also offers a proprietary WebTrader terminal. The platform is compatible with Google Chrome, Firefox, and Internet Explorer.
Users can access a fully customizable interface with clear navigation and intuitive features. Day traders can invest in financial products with one-click execution and a range of analytical tools and overlays. Clients can utilize instant trading, pending, or stop orders with various charting options including bar and line.
Our experts found the broker’s own platform stable and easy to use.
Assets & Markets
KVB Prime offers 50+ instruments:
7 cryptocurrency USD crosses including BTC/USD and ETH/USD
38 global company shares such as Amazon, IBM, Nike, and Zoom
10 global index CFDs such as FTSE 100, NASDAQ 100, and S&P 500
30 major and minor currency pairs including EUR/USD, GBP/JPY, and USD/CAD
Gold and Silver spot price against the US Dollar or Euro or Platinum and Palladium against the US Dollar
Spreads & Fees
Day traders can expect floating spreads. These vary by instrument and will fluctuate, particularly during times of volatility.
When we used KVB Prime, we were offered spreads of 0.5 pips on the EUR/GBP currency pair and 0.8 pips on the USD/SGD pair. The FTSE 100 and NASDAQ 100 were both offered at 2.2 points.
Swap fees are also charged for overnight positions.
KVB Prime Leverage
Leverage varies between instruments and trading entities.
Day traders using the services of KVB Prime (UK) Limited can access leverage up to 1:30. This is in line with the FCA’s restrictions that protect retail customers against significant losses.
KVB Prime Limited offers higher leverage due to its unregulated status, with up to 1:800 available for major currency pairs.
Cryptocurrencies – Up to 1:10
Shares – Up to 1:40
Indices – Up to 1:100
Commodities – Up to 1:500
Currency Pairs – Up to 1:800
Mobile App Review
KVB Prime offers a proprietary mobile app, available to download on Android and iOS devices.
Day traders can open and close positions, manage their account, and view market analysis while on the go. Users can also access customer support, the latest market news, and an in-built economic calendar. Other features include:
Price notification alerts
View full trading history
When we tested the mobile app on an iOS device, we were disappointed with the load speed and broken links. We were presented with several server errors, meaning it was difficult to navigate and explore trading instruments.
The MetaTrader 4 terminal is also available as a mobile application. It offers access to all the trading features offered on the desktop platform including technical indicators, customizable charts, and real-time price quotes.
You can deposit to a KVB Prime live trading account with e-wallet solutions, bank wire transfers, and credit/debit cards. You can also link a bank account for quicker and easier subsequent funding.
The broker accepts deposits in USD, EUR, or GBP currencies though all account activities will be operated in US Dollars. KVB Prime does not charge any fees for deposits, however, currency conversion charges will apply for payments made in currencies other than US Dollars.
Most payment methods offer same-day funding.
There is a $100 minimum deposit requirement.
There are no fees imposed by the broker to remove funds from a live trading account, however, third-party charges may apply.
KVB Prime has a minimum withdrawal limit of $100, but any withdrawal requests below this amount can be requested on the 10th of each month.
Withdrawals take between three to five working days to be processed. Next-day payments can also be requested, though a $50 fee applies.
The broker offers a demo account for prospective clients to test the services offered.
You will need to create an account with KVB Prime to access the demo account. Register using an email address and phone number. From the client dashboard, you can then open the paper trading profile.
The KVB Prime demo account is active for one month after registration.
Deals & Promotions
KVB Prime does not offer bonus incentives to new or existing day traders. This includes no-deposit bonuses.
The Financial Conduct Authority does not permit brokerage firms to use financial rewards to entice retail customers.
Regulation & Licensing
KVB Prime (UK) Limited is registered in the United Kingdom. The broker is authorized and regulated by the Financial Conduct Authority (FCA) with firm reference number 622574.
The FCA is a highly-regarded financial institution, with stringent rules for all firms. Customers benefit from segregated client funds and negative balance protection. AML and KYC compliance is also adhered to so you will need to provide identity verification documents.
The global entity; KVB Prime Limited, is incorporated in Samoa. There is no regulatory oversight for this subsidiary, therefore, the levels of customer protection and access to compensation schemes may be limited vs the UK subsidiary.
Additional tools and education are where KVB Prime could improve. There are links to market insights and price quote analysis, however the website and mobile trading app are riddled with broken links and missing content.
Educational materials are available, however they are limited to a basic forex glossary of key terms and trading guides for beginners, including how to understand forex charts and what are technical indicators. There is limited content for more experienced investors.
KVB Prime also offers copy trading. Users can view the growth, volume and profit and loss of potential investors. Traders can then subscribe to copy the signals and strategies of other clients.
Copy Trading Solution
KVB Prime offers one live account for retail traders; KVB Prime.
The profile offers floating spreads, market execution, a minimum trade size of 0.01 lots, and leverage up to 1:800 (global entity only).
The minimum deposit requirement is $100, which is suitable for beginners. The broker only accepts US Dollar account denominations.
KVB Prime also offers an ECN account, however this is aimed at professional investors and has a minimum deposit requirement of $10,000.
How To Open An Account
To register for a new KVB Prime account, click on ‘Create Account’ in the top right of the webpage (kvbprime.com). Alternatively, download the proprietary app.
Complete the required details including country of residency and email address. You will then need to verify your account using a code sent to your registered email address.
Once you have logged in, open a live trading account from the client dashboard.
Benefits Of KVB Prime
While using KVB Prime, our traders highlighted several pros of the online broker:
Live chat service
Copy trading app
UK entity is FCA regulated
Free deposits and withdrawals
MetaTrader 4 and proprietary platform
Drawbacks Of KVB Prime
The global entity is unregulated
No 24 hrs customer care helpline number
Limited educational materials or advanced trading tools
Several broken links and errors on the broker’s website and trading app
Limited security features on the proprietary trading platform and mobile app
According to the broker’s schedule, currency pairs can be traded Monday to Friday from 6:01 AM to 5:59 AM (GMT +8). UK Oil, on the other hand, can be traded from 8:06 AM to 4:59 AM Monday to Friday (GMT +8).
The KVB Prime server time operates on GMT + 8. You can view the published trading hours via the product tab on the broker’s website/mobile app.
KVB Prime does not offer 24-hour customer care. There is also no telephone helpline number. Nonetheless, a live chat service is available. Additionally, day traders can email the broker at; email@example.com or use the online contact form via the website.
The FAQ section is relatively limited and the help center does not offer working links to step-by-step account opening guides, how to activate accounts, or support for why the app is not working.
Security & Safety
We did not come across any additional security measures when we used the broker’s trading platform. This includes biometric logins or two-factor authentication (2FA).
The MetaTrader brand, however, does take user safety seriously. All data exchanges between the client terminal and the MT4 platform are encrypted. The platform also supports the use of RSA digital signatures which is a suite of algorithms used to secure sensitive information.
KVB Prime Verdict
KVB Prime offers several asset classes through a straightforward live account. Regulation of the UK entity is also reassuring.
However, there are downsides to trading with KVB Prime. The limited educational materials and advanced tools are one drawback. The broker’s website and mobile app also contain broken links, errors, and missing information.
KVB Prime accepts traders from Thailand, United Kingdom, South Africa, Singapore, India, Norway, United Arab Emirates, Saudi Arabia, Kuwait, Qatar and most other countries.
Traders can not use KVB Prime from United States, Canada, Austria, Belgium, Bulgaria, Croatia, Cyprus, Czech Republic, Denmark, Estonia, Finland, France, Germany, Greece, Hungary, Ireland, Italy, Latvia, Lithuania, Luxembourg, Malta, Netherlands, Poland, Portugal, Romania, Slovakia, Slovenia, Spain, Sweden, Australia, Hong Kong, Japan.
Compare KVB Prime
Compare KVB Prime with similar brokers that accept traders from your location. Among available brokers these are the most similar to KVB Prime:
FXOpen – FXOpen is a highly regulated FX and CFD broker offering multiple trading platforms and spreads from 0.0 pips.
BlackBull Markets – BlackBull Markets is an award-winning forex and CFD broker with beginner-friendly trading tools and 24/7 customer support.
XM – XM.com offers a range of account types and a $5 minimum deposit to appeal to all levels of trader. With 1000+ markets and low variable spreads XM.com provides an excellent trading experience.
ATFX – ATFX no longer accepts retail clients but professional investors can register fo an account.
KVB Prime Comparison Table
|Forex, Stocks, Commodities, Crypto||Forex, Stocks, Commodities, Crypto||Forex, Stocks, Commodities, Crypto||Forex, Stocks, Commodities, Crypto||Forex, Stocks, Commodities, Crypto|
|$100||$1||$0||5 $/€/£||5000 $/€/£|
|0.01 Lots||0.01 Lot||0.01 Lots||0.01 Micro lots||0.01 lots|
|FCA||FCA, CySEC, ASIC||FMA, FSA||IFSC, DFSA, CySEC, ASIC, FCA, BaFin, CNMV, MNB, CONSOB, ACPR, FIN-FSA, KNF, AFM, FI||FCA, CySEC, ADGM|
|–||–||–||Free VPN Services||–|
|MT4||MT4, MT5||MT4, MT5||MT4, MT5||MT4|
|1:800||1:30 – 1:500 (varies by trading entity)||1:500||1:500||1:400|
|–||KVB Prime vs FXOpen||KVB Prime vs BlackBull Markets||KVB Prime vs XM||KVB Prime vs ATFX|
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Is KVB Prime Regulated?
KVB Prime (UK) Limited is authorized and regulated by the UK Financial Conduct Authority (FCA). The global entity, KVB Prime Limited, is registered in Samoa but is not currently regulated by a reputable financial body.
Does KVB Prime Have A Mobile App?
Yes, KVB Prime has a proprietary mobile app available for free download to iOS and Android devices. Day traders can access all the features of the web trader terminal from a handy app anytime, anywhere.
How Can I Contact KVB Prime For Trading Account Queries?
KVB Prime offers an email address (firstname.lastname@example.org) and an online contact form. Additionally, the broker has a live chat service that can be accessed via the website or on the mobile app. There is no telephone helpline number.
What Account Currencies Does KVB Prime Accept?
Clients can trade in US Dollars only. KVB Prime accepts deposits in USD, EUR and GBP, however you may be liable for currency conversion fees.
Does KVB Prime Offer Global Trading Services?
KVB Prime Limited does not offer services to residents of the US, Canada, the European Union, Hong Kong, Australia, or Japan. Traders in Asian countries including Vietnam, Malaysia, and Thailand, however can sign up.
Head to our full review of KVB Prime for accepted and restricted countries.