KAB Broker Summary
KAB is a regulated financial platform based in the Middle East. The broker was founded in 2002 and provided opportunities to traders worldwide to buy forex and CFDs through their platform. The broker operates under the supervision of the KAB International Holdings Ltd. Group, which has been working in China and Hong Kong recently.
This article will provide a comprehensive KAB review to the readers that will help them understand the characteristics and features of the broker and consider the platform while looking for a suitable broker for trading.
KAB is a highly regulated and authorized trading platform that follows the rules and guidelines provided by the higher authorities. The broker is regulated by CySEC, which allows it to offer its services in all the member countries of the European Union. Moreover, the broker has also been permitted to operate in Kuwait under all mandatory regulations.
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Types Of Accounts Offered
KAB offers different types of accounts for each to fulfil the various requirements and needs of traders according to their portfolios. The broker provides its customers with a KAB MT4 account, Portfolio Management account, ECN Forex account, and HK/China Stocks account. Moreover, being operational in Kuwait, it offers Islamic and Swap-free accounts for its Muslim traders.
Deposit and Withdrawal Methods
KAB provides a wide range of deposit and withdrawal methods for its customers, depending on their convenience. Traders can make any payment through the “My Account” option on the website and then transfer it using a bank transfer, credit card, Union pay card, Neteller, etc.
The broker does not charge any fee for making any transaction; however, it demands a minimum deposit of 100 dollars to make the account functional.
Charges and Commissions
KAB does not charge any additional fees from its customers. They only have to pay the commission being asked for trading.
The customers do not have to pay any deposit or withdrawal fee while carrying out any transaction; however, they may be asked to pay an inactivity fee for not performing any trade for a few months. The experts rank the fee level for the broker as low compared to other brokers in the market.
Although leveraged products increase the probability of profit for the traders, it also simultaneously increases the risk factor in trading. KAB offers a certain leverage ratio on different products as per the rules of the European authorities. It provides about 1:30 on forex trading; for various commodities, the leverage ratio is usually 1:10.
KAB offers tight spreads to its customers that may change with the type of asset they trade. The charges are usually adjusted in the commissions and then are calculated according to the product being traded.
KAB also provides trading platforms to facilitate its users to carry out trade anywhere at any time using their devices. The broker uses the commonly known trading platform MetaTrader4, which provides a complete range of tools and instruments to its customers to trade better and earn more.
KAB offers its customers a wide range of instruments in the five categories provided on its website. The traders can trade forex, energies, precious metals, indices, and shares using the platform. However, KAB does not offer any cryptocurrency trading option. This is considered a major flaw by the broker in the increasingly competitive market.
KAB offers an active and efficient customer support service to its traders that can be accessed throughout the day. The customers can contact the broker through the email and telephone number available on the website. Moreover, KAB provides its services in different languages that can be understood in multiple parts of the world.
KAB is a reputable trading platform that has been operating successfully in multiple countries since its inception. It provides its traders with a safe and regulated environment, thus helping them earn more capital in a comfortable platform.