If you are searching for an online broker and CFD house for business, Kowela can be a good option for forex and CFD trading. Although it has only been one year since its establishment, Kowela has shown signs of fast development.
With a 1:400 leverage ratio, no inactivity, and a withdrawal fee, Kowela continues to thrive superbly. It has excellent educational resources for its customers and a brilliant support team. Thus, they have come one step ahead in empowering the traders and helping them control their dream investments with transparency.
Kowela offers its clients more accessible investment and trading options with excellent learning tools. It allows you to trade in currencies and more than 1500+ CFD products. Its proprietary platform is fast and reliable without any hidden charge. You may even access the global fossil fuel market with it.
Lastly, you will get the trading indices such as S&P and DAX with regular updates and alerts. Thus, your forex and CFD investment in Kowela is highly profitable with the least market risk involvement.
Pros / Cons
- More than 1500+ CFD trading options and products
- Transparent, fast, and efficient transaction and trading
- The leverage amount is higher than many forex brokers
- Availability of different account opening services
- The minimum deposit amount is too high
- Customer care isn't available 24/7
- Newer brokerage agency lacks trust
Safety and Regulation
St Vincent & The Grenadines Financial Services Authority (SVGFSA) is currently the only regulatory body of Kowela. SVGFSA monitors its operation. Since it has been only 1-year in the market, the broker doesn’t have licenses and regulations from renowned worldwide bodies, including CySEC and FSA. But, it must follow KYC and AML standard transaction and trading transparency policies.
Is Kowela Safe or a Scam?
No, Kowela isn’t a scam. It is a safe trading and investment option for CFD products and currencies. Although it lacks internationally acclaimed licenses, it still follows standard policies of AML and KYC for transactions and trading.
It maintains all safety procedures and steps for trading. Lastly, it has no malicious history till now and is quite popular among traders. So, it is legitimate to say that Kowela is safe.
Kowela has worldwide acceptance except for three countries. It isn’t available in Iraq, North Korea, and the US. If you are a resident of these three countries, you can’t trade here. Before investing in Kowela, ensure that its legality is approved in your country’s jurisdiction.
Kowela has set the minimum deposit at $2500 with high trading fees in all accounts. The actual charging fees will vary from one account to another. Also, the calculation process of the probable fees for any deposit or withdrawal along with the transactions isn’t straightforward.
The good part is that it doesn’t charge you anything for trading on the platform. So, its commission-free trading will be good for beginners.
With a 1:400 leverage ratio, it offers premium profit for traders. The high leverage will provide you with better trading options. But you must be careful because higher leverage also increases the market investment risk.
What is Kowela’s Minimum Deposit?
The minimum deposit is $2500 for all the accounts. If you trade in CFD products, it will equal $2500. Kowela investors suggest depositing a minimum of $1000 to enjoy better trading and customer care support. However, a high minimum deposit account limits the opportunities for beginners.
You can choose from six different account types to open your first account in Kowela. Each of these account types comes with different facilities and services. So, check the details of these 6 accounts you get in Kowela trading broker.
- Access to various markets, including Energies and Indices
- Multi-language support and weekly alerts
- Multiple investing tools and execution orders
- Advanced marketing options, including stocks
- All basic trading options are available
- Market pricing is set lower
- Multi-language support and weekly signals
- Most advanced marketing investment options, including stocks and currencies
- Daily primary and technical alerts with comprehensive analysis
- Multi-language support with 24/5 availability
- Charts and indicators for quick analysis of the market complexity
- Customizable portfolio for every trader
- Advanced tools and instruments for market analysis
- Live alerts for trading, investment, and signals
- In-depth investment analysis tools
- Complex indicators and charts for quick decision
Trader Pro account
- Customizable portfolio with an Islamic account option
- 1500+ CFD products and currencies for trading
- In-depth market analysis with live updates
- Market pricing is set low with an easy allotment process
- All analysis tools, charts, and indicators are available
- Most customization options for portfolio
- Advanced analysis tools and executions
- Access to live updates of all basics and main items
- Availability of sophisticated and rare investing resources
- Islamic account opening option
- Quick and prompt 24/5 customer care support
Deposit And Withdrawal
Your minimum deposit amount is $2500 for all types of trading accounts. The withdrawal limit varies on different accounts and trading options. Kowela has faster deposit and withdrawal processing depending on their account type and preference. Usually, it takes two to three working days to complete the entire process for the transaction.
Account Base Currencies
You can only trade in USD in all account types.
How to make a deposit?
The deposit process in Kowela is made simpler for all. You can choose to deposit through your Debit or Credit card, Wire Transfer, etc.
- Log into your trading account and click on the “Deposit” button
- Choose your deposit method and amount to confirm it
- Add your payment details and click confirm by pressing the “Deposit button.”
Instead of using Meta trader 5 (MT5) or Meta Trader 4 (MT4), Kowela has its proprietary investment as the primary platform. Their massive investment in this proprietary investment platform is focused on making trading easy for the clients. The platform has received massive resources and investments of late. Its interface is straightforward and so easy to understand and operate.
Whether a professional or a new trader, you will find its analysis tools, charts, and indicators powerful and effective. The platform is available in the website version only. You can access it from mobile and desktop. Sadly, it hasn’t got any smartphone application version on which Kowela says they are working fast.
Markets and Financial Instruments
There are over 1500+ CFD trading options in the brokerage company. The fundamental options include:
As you get the chance to invest and trade on stocks, currencies, commodities, and other forms, it is sufficient for all. You can choose your preferred trading options quickly without complexities.
The customer service is available 24/5. It means you can reach them for any queries from Sunday to Friday anytime. There are multiple communication methods available with quick responsiveness. Their customer care team is well-trained and supportive to meet all the requirements of their respectable customers.
Means Of Communication
There are three principal means of communication to reach the customer service of Kowela. It includes:
- Live Chat
- Email Support (firstname.lastname@example.org)
- Phone Support (+18008615256)
The live chat option is speedy, responsive, and accommodates all the needs of the traders. You will find it highly useful when you need support.
Kowela takes the education and training of its valued clients seriously. When you deposit the minimum amount for the account opening, you can access all educational and training resources on their website.
You can choose free webinars and training sessions from reputed investors to educate yourself about Kowela and its operation.
With fair pricing, 1500+ CFD trading options, and brilliant support staff, Kowela is undoubtedly a go-to option for investors and traders. Whether you are a newbie or a professional broker, you will find the platform’s easy and transparent trading mechanism intuitive and hassle-free. Thus, it is worth trading and investing in Kowela with significant leverage and minimum risks.
All brokers listed on our website are regulated by at least one financial regulator and have never been reported as a scam. Our reviews and overall scores are based on the key areas above, in a combination with our opinion and commentary.
The reviews are shared and discussed with the brokers, but the authors of our website always have the final word. Furthermore, we always strive to keep the information on our website updated and relevant for our readers.
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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 at Wikipedia.
All investments involve risks and are not suitable for every investor. The value of securities may fluctuate and as a result, clients may lose more than their original investment. The past performance of a security or financial product does not guarantee future results or returns. Keep in mind that while diversification may help spread risk it does not assure a profit, or protect against the loss, in a down market.
There is always the potential of losing money when you invest in securities or other financial products. Investors should consider their investment objectives and risks carefully before investing. More details here.
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