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KLIMEX

Australia | 5-10 years |
Suspicious Regulatory License | Suspicious Scope of Business | High potential risk

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Website

Rating Index

Influence

Influence

D

Influence index NO.1

Turkey 2.48
Surpassed 16.00% brokers
Biz Area Search Statistics Advertising Social Media Index

Contact

61282352788
info@klimexcm.com
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iCount Building, Kumul Highway, Port Vila, Vanuatu.

Licenses

Licensed Entity:VANTAGE GLOBAL PRIME PTY LTD

License No. 428901

Keywords 4
5-10 years
Suspicious Regulatory License
Suspicious Scope of Business
High potential risk
Account
Marketing Strategy
Biz Area
Company Summary
Disclosure
Wiki Q&A
Comment

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Company Summary

General 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

Keywords

  • 5-10 years
  • Suspicious Regulatory License
  • Suspicious Scope of Business
  • High potential risk

Wiki Q&A

RichN
1-2 years

What trading instruments are available on KlimexCM?

WikiFX Reply
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.
Broker Issues
KLIMEX
Platform
Account
Instruments
Leverage
07-18
United States
Arnold Joseph
1-2 years

Is KlimexCM regulated?

WikiFX Reply
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.
Broker Issues
KLIMEX
Regulation
04-20
United States
Ashraf Shahhat
1-2 years

What withdrawal methods does KlimexCM support?

WikiFX Reply
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.
Broker Issues
KLIMEX
Withdrawal
Deposit
03-27
United States
Ahmed Harb
1-2 years

What is the spread of KlimexCM?

WikiFX Reply
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.
Broker Issues
KLIMEX
Fees and Spreads
03-11
United States
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