Note: For some unknown reason, we cannot open FXKOVNERs official site (http://fxkovnerfx.com/) while writing this introduction, therefore, we could only gather relevant information from the Internet to present a rough picture of this broker. Traders should be careful about this issue.
General Information & Regulation
FXKOVNER, a trading name of FXKOVNER CAPITAL HOLDING GROUP LTD, is allegedly a forex broker registered in China that claims to provide its clients with leverage up to 1:300 and average spreads of 0.5 pips on the MetaTrader5 trading platform, as well as 24/7 customer support service.
As for regulation, it has been verified that FXKOVNER does not fall under any valid regulations. That is why its regulatory status on WikiFX is listed as “No License” and it receives a relatively low score of 1.24/10. Please be aware of the risk.
Market Instruments
FXKOVNER advertises that it mainly offers forex trading. However, more specific information about tradable assets cannot be found on the Internet.
Leverage
The leverage provided by FXKOVNER is capped at 1:300. It is important to keep in mind that the greater the leverage, the greater the risk of losing your deposited capital. The use of leverage can both work in your favour and against you.
Spreads
FXKOVNER claims that the average EUR/USD spread is 0.5 pips.
Trading Platform Available
The platform available for trading at FXKOVNER is the worlds most widely-used MetaTrader5. In any case, we recommend using MT4 or MT5 for your trading platform. Forex traders praise MetaTrader's stability and trustworthiness as the most popular forex trading platform. Expert Advisors, Algo trading, Complex indicators, and Strategy testers are some of the sophisticated trading tools available on this platform. There are currently 10,000+ trading apps available on the Metatrader marketplace that traders can use to improve their performance. By using the right mobile terminals, including iOS and Android devices, you can trade from anywhere and at any time through MT4 and MT5.
Deposit & Withdrawal
The minimum initial deposit requirement at FXKOVNER is said to be $100. However, the broker says nothing about the acceptable deposit and withdrawal methods.
Customer Support
FXKOVNERs customer support can be reached by telephone: +447741044970 +447943190051, email: support@fxkovnerfx.com. You can also follow this broker on social networks such as WhatsApp and Line. Company address: United Kingdom, Dubai, New Zealand, United States, Hong Kong.
Risk Warning
Online trading involves a significant level of risk and you may lose all of your invested capital. It is not suitable for all traders or investors. Please ensure that you understand the risks involved and note that the information contained in this article is for general information purposes only.
