Abstract：Kato Prime advertises instant withdrawals, low spreads, and even claims high ratings from WikiFX but the reality is far less reassuring. This review reveals the facts every trader should know. WikiFX endeavours to provide you with the essential information required to make an informed decision about utilizing this platform.
The online trading industry is saturated with brokers, many of which promote attractive trading conditions but provide limited verifiable information. Kato Prime is one such broker that has gained attention, particularly in Asia, through aggressive marketing and promotional claims. While its website projects a professional image and highlights features such as low spreads and fast withdrawals, WikiFX‘s assessment reveals inconsistencies between the broker’s marketing and its actual operational transparency.
This review aims to present an impartial evaluation of Kato Prime, highlighting both its offerings and its shortcomings, so traders can make a well-informed decision before engaging with the platform.
Background:
Kato Prime Limited (Kato Prime) is a company incorporated in Hong Kong under registration number CR No. 2509294. Its registered office is located at 9/F, Amtel Building, 148 Des Voeux Road Central, Central, Hong Kong, with an additional office at Flat 7, 15/F Ho King Commercial Centre, Mong Kok, Kowloon.
The brokers website presents a sleek and professional appearance; however, a closer review reveals several gaps in transparency. Essential details, such as the full scope of tradable instruments and specific conditions for deposits and withdrawals, are either missing or insufficiently explained. This lack of clarity raises questions about the completeness and reliability of the information provided to prospective clients.
Another point of concern is Kato Prime‘s promotional claims. The broker advertises itself as being highly rated by WikiFX and even claims to have received an award from the platform. In reality, WikiFX has not issued such recognition, and the broker’s actual score on WikiFX is significantly lower than its marketing suggests. These discrepancies may mislead traders who rely on third-party ratings when evaluating a brokers credibility.
In addition to its trading services, Kato Prime operates an Introducing Broker (IB) program, allowing individuals and businesses to earn tiered commissions by referring clients. While such programs are common in the industry, they also highlight the brokers focus on expanding its client base through third-party promoters rather than through transparent disclosures of its trading conditions.
Types of Accounts:
Kato Prime offers several account options tailored to different trader needs:
Standard Account
- Minimum deposit: USD 15
- Trade size: from 0.01 lot
- Low spreads (exact numbers not specified)
- Fast execution, no commission
- Leverage up to 1:3003
Pro Account
- Minimum deposit: USD 50
- Trade size: from 0.01 lot
- Variable spreads starting at 0.01 pips
- Fast execution, no commission (implied)
Pro Zero Account
- Minimum deposit: USD 50
- Trade size: from 0.01 lot
- Spreads as low as 0.0 pips
- Commission from USD 8 per trade
Demo Account
- Free, no deposit required
- Risk-free practice with full platform access and simulated real-market conditions
Deposits and Withdrawals:
According to promotional materials, Kato Prime states that deposits are processed instantly, within 60 seconds, and withdrawals are completed in under five minutes.
The brokers official Deposit & Withdrawal Policy notes that all deposit processing times should be instant 24/7, depending on the method chosen by the trader, and that the company reserves the right to apply a penalty under certain conditions.
The AML/KYC Policy further specifies that withdrawals must be directed to a bank account, credit or debit card, or alternative payment method registered under the same name as the trading account holder.
However, publicly available information does not provide a detailed breakdown of supported payment methods, such as specific card types, wire transfers, or e-wallets, nor does it specify minimum or maximum transaction limits or the exact circumstances under which penalties may apply.
Trading Platforms:
Kato Prime offers three trading platforms:
- MetaTrader 4 (MT4)
Available on PC, mobile, and web. MT4 is an industry-standard platform known for technical analysis tools, one-click trading, fast execution, Expert Advisors (EAs), VPS hosting, and chart customization.
- MetaTrader 5 (MT5)
Also available on PC, mobile, and web. MT5 offers enhanced features, including 38 technical indicators, 44 analytical objects, 21 timeframes, depth of market access, and an integrated economic calendar.
Research and Education:
Kato Prime does not provide educational materials or research tools to assist traders.
Customer Service:
Clients can contact Kato Prime through:
- Email: support@katoprime.com
- Phone: +85 223618699
- Website inquiry form
- Live chat
Support is available in English and Bahasa Malay, although the Malay service is limited to live chat. The brokers website does not offer a full Bahasa Malay version.
Conclusion:
WikiFX has assigned Kato Prime an overall score of 2.15 out of 10, citing concerns about transparency and the absence of valid regulatory status.
View WikiFXs full review of Kato Prime here: https://www.wikifx.com/en/dealer/3198768861.html
It is also important to clarify that Kato Prime advertises itself as being highly rated by WikiFX and even claims to have won an award from WikiFX. This representation is misleading. WikiFX has not issued such recognition to Kato Prime, and the broker‘s actual rating on the platform is considerably lower than what it promotes. Such practices may contribute to confusion among traders and should be taken into account when evaluating the broker’s credibility.
Furthermore, despite promotional claims suggesting otherwise, Kato Primes license has been revoked. Traders have also reported withdrawal delays and unsatisfactory customer service.
Overseas brokers without strong regulatory oversight present significant risks. In Kato Prime‘s case, the lack of local licensing (such as from Malaysia’s SC or BNM) means that clients may have limited or no protection in the event of disputes. Multi-entity structures and the use of introducing brokers can further complicate accountability, making it difficult for traders to determine which entity is responsible for withdrawals or dispute resolution.
WikiFX Recommendation:
- Exercise extreme caution when dealing with unregulated brokers.
- Whenever possible, choose brokers regulated by reputable authorities such as ASIC (Australia) or the FCA (United Kingdom).
- If you experience fraudulent activity, report the issue promptly to local authorities, seek legal advice, and contact your consumer protection office.
For continued updates, WikiFX provides daily alerts on brokers identified as high risk. Traders are encouraged to download the WikiFX app for timely notifications and additional protection.
