Top Options
89/ 100
Type of Broker: Forex, CFDs
Regulated: CySEC, FCA, MiFID, BaFin
Min Deposit: $250
US Clients:
Bonus: N/A
Number of Assets: 700+
Leverage: Up to 1:500
Fees: $5-$75 on Withdrawals
Free Demo Account:
Trading Platform: cTrader
Types of assets: Forex, CFDs, Shares, Indices, Precious Metals, Energy
Payment METHOD NAME Charge Time
Credit Card 8-10% 3-4 days
Debit card 1-5% 4-5 days
Neteller None 1-2 days
Skrill one 3-4 days
Swift 8-10% Immediately

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Full Review

Kawase is a forex trading brand owned and operated by TopFX Ltd, a Cyprus Investment firm whose headquarters are located at 19 Stratigou Timagia, 3rd Floor, 3107 Limassol, in Cyprus.

Kawase is a European Forex trading broker founded on key Japanese concepts including trust, power, fairness, determination, flexibility and simplicity. The name Kawase means ‘currency exchange’ in Japanese.

This is a regulated broker authorized to transact business in the EU. The company holds 25 EU-based financial services licenses including CySEC 138/11 and MiFID, among others. The broker began operations in the year 2011.

Promotions and Account Types

Generally, there are two account types at Kawase. They include a demo account and a real/live account. However, with live accounts, traders can access various features depending on how much they move per month.

You could ideally say that these features bring to life three other account types which are purely based on the amount of volume you move in a month in terms of lots. This means that within a month, you could be in any of the four real account types, and in the next one, you could end up being demoted or promoted to the next level.

  • The 0-500 Volume: Here, traders can expect to pay a commission of $2.5 per lot.
  • The 500-1000 volume: Traders get 20% discount on commission paid per lot. So thy pay just $2.00.
  • The 1000-1500 volume: Traders receive 40% discount thereby paying just $1.5 in commission per lot.
  • The 1500+ volume: traders get 60% discount which means the commission per lot is set at $1.00.

Trade Types

Traders at Kawase can trade in a variety of assets including stocks, indices, commodities (precious metals and energy), and, of course, currencies. Indices and Stocks are traded as CFDs, while Forex, precious metals, and energy are available in both currency form and CFDs.

There are more than 600 shares to trade at the platform and 80+ Forex symbols including all the majors, the minors, and exotic currencies. Traders can also trade in 14 select top indices drawn from all corners of the world, as well as, Oil, Gold, and Silver in the precious metals and energy categories.

Spreads, Margins, and Leverage

Spreads and Margins vary depending on the trading instrument in question. Spreads begin at 0.0 for some currency pairs, but the most realistic starting level is 0.1. However, on an average basis, spreads begin at about 0.5 for the EUR/USD pair, while the USD/JPY pair’s average is at 0.7. The margin requirement for currency trading is set at 0.25%.  Leverage ranges from 1:1 to 1:500.

As for indices trading via CFDs, different markets have different commission levels calculated as a percentage of volume. They also have a minimum commission of about 4 USD/EUR/GBP/AUD/CHF or 25HKD and 400 JPY as per the various local markets. Leverage for these is set at 1:20.

On the other hand, shares have a commission requirement of about 0.02% for US stocks and 0.20% for Europe while leverage is set at 1:10.

Spot Gold attracts a spread of 0.5 with 0.7% margin per contract of $100 while crude oil attracts a spread of 4 and a margin of $650 on a contract of $10.

Trading Tools, Platforms, and Resources

Kawase has made sure that its traders are able to enjoy the best trading tools in the market including the slick trading system cTrader, which is available on desktop, mobile and tablet platforms.

This broker has also developed a platform that is comprised of all the necessary information a trader would need to know about trading via the cTrader platform, as well as, using other services available. Everything is well explained from pricing/commission on trades to how you can take advantage increased trading activity and volume.

Traders can also trade directly via the web platform, which means it is not necessary to download software.

Deposits and Withdrawals

Traders at Kawase can deposit funds into their trading accounts free of charge regardless of the amount deposited. Traders can deposit money via Wire Transfer, Credit/Debit card, Skrill, Neteller, Yandex Money, CashU, WebMoney, QIWI, and Moneta.ru.

Withdrawals can be done via Wire Transfer, Credit/Debit card, Neteller, and Skrill. The minimum withdrawal amount is set at $10 while withdrawal fees begin at $5.00 for $10-$300, $15 for $301-$1000, $25 for $1001-$3000 and $75 for amounts more than $3000.

Deposits and withdrawals can be done in USD, EUR, GBP, CHF, and JPY.

Support

Traders can contact support via Telephone, Email and Fax.

Email: [email protected]

Fax: +357 25352266

Telephone: +357 25352244