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KVB Kunlun Review

Steven Hatzakis

Steven Hatzakis | September 2nd, 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.

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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.

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. This review will focus on KVB Kunlun’s forex and CFDs trading offering.

Review Summary

Rank: 28th (of 28)

While KVB Kunlun is a trusted brand that offers services across the globe, its forex and CFDs offering specifically is incredibly basic.

Benefits

  • Regulated in several top-tier jurisdictions and publicly traded in Hong Kong.

Considerations

  • Expensive pricing.
  • Limited range of tradeable CFDs.
  • Only one account type for forex.
  • Limited research and educational resources.

Is KVB Kunlun Safe?

help 95
Trust Score

KVB Kunlun is considered low-risk, with an overall Trust Score of 95 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 Score95

Commissions & Fees

Rank: 28th (of 28)

Overall, KVB Kunlun offers only one account type for forex, which limits pricing options and makes trading expensive.

Benefits

  • None.

Considerations

  • Forex trading costs at KVB Kunlun consist of the spread, and the broker acts as a principal when executing off-exchange products, including forex and CFDs.
  • 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 leading industry peers (even if it were an average spread).

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Further Reading

Fees Comparison

FeatureKVB Kunlun
Minimum Initial DepositN/A
Average Spread EUR/USD - Standard1.30
All-in Cost EUR/USD - ActiveN/A
Active Trader or VIP Discounts No

Platforms & Tools

Rank: 27th (of 28)

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.

Benefits

  • None.

Considerations

  • News headlines stream only for live account holders.
  • While not applicable for this review, KVB Kunlun does offer its Hong Kong Securities Trading platform, which gives investors access to exchange-traded shares in Hong Kong and 32 international shares under its Global Securities Brokerage.

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Further Reading

Tools Comparison

FeatureKVB Kunlun
Virtual Trading (Demo) Yes
Proprietary Platform No
Desktop Platform (Windows) Yes
Web Platform Yes
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

Research

Rank: 28th (of 28)

KVB Kunlun does not score highly when it comes to research as it lacks the usual research tools offered by forex brokers.

Benefits

  • None.

Considerations

  • No economic calendar, daily blog updates, trading signals, sentiment tools or related research resources offered for forex and CFDs trading.

Further Reading

Research Comparison

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 Trading / Copy-Trading Yes
Social Sentiment - Currency Pairs No
Economic Calendar Yes

Mobile Trading

Rank: 28th (of 28)

Since 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).

Benefits

  • MT4 provides a reliable mobile app experience.

Considerations

  • No additional features offered beyond the standard MT4 mobile app.

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Further Reading

Mobile Apps Comparison

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

Offering of Investments

Rank: 28th (of 28)

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

Offering Comparison

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

Final Thoughts

Rank: 28th (of 28)

KVB Kunlun is a publicly listed broker regulated throughout Asia-Pacific, which despite its respected brand, is not a good choice for forex and CFDs trading.

Pricing is limited, research is non-existent for retail traders, trading tools are limited to just MT4, and the KVB Kunlun product offering consists of just 31 forex pairs and seven CFDs.

For forex and CFDs trading, KVB Kunlun unfortunately does not stack up to the best forex brokers.

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 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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