The idea of making money with currency trading is indeed appealing since it sounds simple, easy, and lucrative. Once traders enter the market, they get to realize that it is not as easy as it sounds. The different platforms, different accounts, trading strategies, and features are all integrating parts of trading, but very few realize it before they enter the market for real. Traders have to develop constantly and acquire new knowledge every day. Also, the market is based on fluctuating prices which means that you can never be prepared enough. In addition to this, the choice of a broker is also one of the top decisions traders have to make. Therefore, it is essential for traders to approve of the overall policy of the broker to establish a good business partner relationship. What I try to say is that traders have to dig deep to find he broker who is right for them. This review focuses on one of the successful UK brokers who has put down their roots in the Virgin Islands a long time ago. Check out the information below, maybe Kerford is the broker you have been looking for.
Forex Brokers We Recommend
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Background Check
Kerford Investments is a UK CFD, Forex and futures broker who provides services to individual clients, as well as institutional and professional bodies. The broker was established in 1997 which means that they have plenty of experience under their belt which is definitely an extra point. The broker meanwhile expanded to 20 additional locations starting out form the British Virgin Islands where their main office is. Offshore companies are often frowned upon, and traders, especially EU traders, are skeptic about such companies. They believe that the companies are trying to get away with something, but sometimes, the truth is that they only look for tax benefits and affordable labor force. Nevertheless, the broker is regulated by the FCA and operates under its regulation. This gives certain security to traders, but yet some cannot get over the offshore issue. That is completely understandable if we consider the many scams in the business, but yet, Kerford Investments has been for so long in the business that they have already earned the trust of their loyal traders.
Kerford Investment Platforms
The broker first offers its own highly-customized and trader-oriented Kerford Investments Trader platform. The platform is suitable for CFD, Forex, and futures, and offers fast executions and easy access to the market. Traders can also access 65 different trading assets only from this platform. It comes with an in-built e-mail system and other trading features. The other broker’s platform is, of course, the Meta Trader 4. This platform meets the needs and requirements of more than 90% of traders. The amazing MT4 dominates the market like iPhone dominates the mobile phone market.
Account Types
The broker offers individual and corporate account types including a minimum account and a VIP account. The minimum deposit requirements vary from $50 to $1000. The minimum spreads start as low as 1.0 pip, and the maximum leverage is 1:500. The broker also offers a free demo account for all those who need to practice before they enter the market.
Kerford Bonus
Kerford Investments do have some bonuses at their disposal, e.g. a welcome bonus for all those who join the broker for the first time. Unfortunately, the broker does not offer any additional bonuses, so traders cannot hope for a sudden cash back or deposit bonus. Brokers have different bonus policies, and mostly the bonuses have to be, so to say, earned through intensive trading. Sometimes the bonus policies are designed in a way that they make you spend more than the designated bonus amount. With Kerford, such thing is not possible, because they only offer a welcome deposit bonus in the first place.
Banking Options with Kerford Investments
The broker offers a long list of funding options which is very convenient for the many and scattered Kerford customers around the world. You can deposit and withdraw via the following:
- Bank Transfer
- Credit card/Debit Card
- Moneybookers
- Neteller
- CashU
- PayPal
The requests are processed very fast, and traders are able to withdraw their funds in no time with Kerford Investments. The broker also kindly asks to keep your account sufficiently backed in order to avoid margin calls.
Customer Support
The customer support offers the standard phone line, live chat, and e-mail, as well as an online request form on their website for any further inquiries. The broker also offers substantial educational materials, and a lot of information can be found in FAQs. The customer support is very important in terms of contributing to the broker’s reputation since traders appreciate competent and efficient customer support staff which is always there to readily respond to any inquiries they might have.