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KVB Kunlun Review

Steven Hatzakis

Steven Hatzakis | October 29th, 2019

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 unimpressive.

Top Takeaways for 2019

After spending several hundred hours testing 28 forex brokers over six months for our third annual forex broker review, 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 to trade forex and CFDs with.
  • Compared to pricing leaders CMC Markets and FOREX.com, KVB Kunlun is expensive and not a good choice for discount trading.
  • Developed by BancLogix, KVB Kunlun's in-house technology arm, the ForexStar software interface failed to run during our most recent tests.
  • KVB Kunlun is a plain vanilla MetaTrader (MT4) broker with little market research to offer. Compared to industry leaders such as IG, Saxo Bank, and Dukascopy, KVB Kunlun left us unimpressed.
  • KVB Prime's proprietary web and mobile app are not yet fully launched in the UK.

Overall Summary

FeatureKVB Kunlun
Overall 2.5 Stars
Trust Score90
Offering of Investments 2 Stars
Commissions & Fees 3 Stars
Platform & Tools 2 Stars
Research 1 Stars
Mobile Trading 2 Stars
Customer Service 2.5 Stars
Education 1 Stars

Is KVB Kunlun Safe?

help 90
Trust Score

KVB Kunlun is considered low-risk, with an overall Trust Score of 90 out of 99. KVB Kunlun is publicly traded, does not operate a bank, and is authorised by four 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), and the Financial Conduct Authority (FCA). Learn more about Trust Score.

Regulations Comparison

FeatureKVB Kunlun
Year Founded2001
Publicly Traded (Listed) Yes
Bank No
Tier-1 Licenses4
Tier-2 Licenses1
Tier-3 Licenses0
Trust Score90

Offering of Investments

Rank: 28th (of 28)

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

FeatureKVB Kunlun
Forex: Spot Trading Yes
Currency Pairs (Total Forex pairs)31
CFDs - Total Offered7
Social Trading / Copy-Trading Yes
Cryptocurrency traded as actual No
Cryptocurrency traded as CFD No

Commissions & 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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Fees Comparison

FeatureKVB Kunlun
Minimum Initial DepositN/A
Average Spread EUR/USD - Standard1.3 (as of May 19)
All-in Cost EUR/USD - ActiveN/A
Active Trader or VIP Discounts No

Platforms & 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.

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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).

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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
Charting - Indicators / Studies (Total)51
Charting - Drawing Tools (Total)31
Charting - Trade From Chart Yes
Watchlists - Total Fields7
Order Type - Trailing Stop Yes

KVB Kunlun Research Features

FeatureKVB Kunlun
Daily Market Commentary No
Forex News (Top-Tier Sources) No
Weekly Webinars 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
Trading - Forex Yes
Trading - CFDs Yes
Alerts - Basic Fields Yes
Watch List Yes
Watch List Syncing No
Charting - Indicators / Studies30
Charting - Draw Trend Lines Yes
Charting - Trend Lines Moveable Yes
Charting - Multiple Time Frames Yes
Charting - Drawings Autosave No
Forex Calendar No

2019 Review Methodology

For our 2019 Forex Broker Review we assessed, rated, and ranked 28 international forex brokers over a six month time period. Each broker was graded on 81 different variables and, in total, over 60,000 words of research were produced.

While encouraged, broker participation was optional. Each broker had the opportunity to complete an in-depth data profile and provide executive time (live in person or over the web) for an annual update meeting.

All data submitted by brokers is hand-checked for accuracy. Ultimately, our rigorous data validation process yields an error rate of less than .1% each year, providing site visitors quality data they can trust. Learn more about how we test.

Forex Risk Disclaimer

"There is a very high degree of risk involved in trading securities. With respect to margin-based foreign exchange trading, off-exchange derivatives, and cryptocurrencies, there is considerable exposure to risk, including but not limited to, leverage, creditworthiness, limited regulatory protection and market volatility that may substantially affect the price, or liquidity of a currency or related instrument. It should not be assumed that the methods, techniques, or indicators presented in these products will be profitable, or that they will not result in losses." Learn more.


Steven Hatzakis

About the author: Steven Hatzakis is the Global Director of Research for ForexBrokers.com. Steven previously served as an Editor for Finance Magnates, where he authored over 1,000 published articles about the online finance industry. Steven is an active fintech and crypto industry researcher and advises blockchain companies at the board level. Over the past 20 years, Steven has held numerous positions within the international forex markets, from writing to consulting to serving as a registered commodity futures representative.

Trading CFDs, FX, and cryptocurrencies involves a high degree of risk. All providers have a percentage of retail investor accounts that lose money when trading CFDs with their company. You should consider whether you can afford to take the high risk of losing your money and whether you understand how CFDs, FX, and cryptocurrencies work. All data was obtained from a published web site as of 02/18/2019 and is believed to be accurate, but is not guaranteed. The ForexBrokers.com staff is constantly working with its online broker representatives to obtain the latest data. If you believe any data listed above is inaccurate, please contact us using the link at the bottom of this page.

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