Independent Review - KIPLAR

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Contents

Quick Look

One of the newest brokers in the online space is Kiplar, a St. Vincent and Grenadines based outfit that appears to have a focus on capturing the Russian CFD trading market. When you arrive on the website it is presented in Russian, but there is the chance to translate by clicking the dropdown in the upper left corner of the website. Kiplar offers eight other languages in addition to Russian, so despite initial appearances they are really aiming to become a global force in the CFD industry.

This is a broker cut from the cloth of successful old-time brokers. Provide excellent service and conditions for traders and avoid the flash and gimmicks that have become so prevalent in the industry. What this new broker is missing in-depth right now is made up for with a straight-forward and transparent offering that’s quite refreshing.

Kiplar looks like a good place to begin a trading journey, combining a simple and transparent trading environment with good spreads and excellent execution. The broker adds MetaTrader 5 as its platform, and traders can get started with as little as $250 to test the service for themselves.

As a new broker Kiplar doesn’t have a lot of reviews yet, but those we found were positive. And Kiplar has plenty to offer its clients.

While some might worry about the lack of regulation, the broker still provides the same level of security for funds, keeping segregated accounts. And because there is no European regulation they are able to offer clients 1:400 leverage with low margin requirements. That makes it far easier to take best advantage of your capital.

With the MetaTrader 5 platform in play users get access to a huge stable of tools and features, plus transparent execution and enhanced trading capabilities and technical analysis tools.

The team promises rapid executions and pricing on all the assets offered, which include stocks and indices as well as forex, cryptocurrencies, and commodities. And if there happens to be any issues that come up users can take advantage of a professional customer support team that’s available 24/5.

Taken all together it appears like Kiplar is off to a good start, although there is some room for improvement. Continue reading to learn all the details I found regarding this new broker.

Regulations

Kiplar is based in Saint Vincent and the Grenadines, operating under all the laws of the Caribbean island and holding company registration number 25797BC2020. There is no required regulation for financial providers in SVG, and so Kiplar is not regulated by any third party organization.

That doesn’t mean they don’t follow some of the requirements of typical regulators. They do segregate client funds from operational funds to maintain the safety of their client’s capital. And they understand that their reputation is far more important than any regulation. In the internet age news spreads very rapidly all around the world, so a bad review or a few can put an early end to any broker, whether they are regulated or not.

Account Types

There are five types of accounts that traders can take advantage of when using Kiplar as their broker of choice. Each subsequent higher account level comes with added features and tools.

KIPLAR AccountTypes

Starter Account

The starter account comes with a low $250 minimum deposit and let’s you trade with low margins and leverage up to 1:400.

  • Up to 1:400 Leverage
  • MetaTrader 5 Desktop, WebTrader and Mobile Trader
  • Education Center
  • Price Alerts
  • No Commissions

Basic Account

Upgrading to the basic account requires a $2,500 deposit, but also gives access to a larger number of instruments and assets with a larger maximum lot size.

  • Up to 1:400 Leverage
  • 10.00 Lot Maximum Order Size
  • Account Manager
  • Customized Trading Strategies
  • MetaTrader 5 Desktop, WebTrader and Mobile Trader
  • Education Center
  • Price Alerts

Advanced Account

With a minimum requirement of $25,000 the Advanced account is for advanced traders who will appreciate the added research tools and daily market analysis.

  • Personal Portfolio
  • Exclusive Daily Market Analysis
  • Research Tools
  • ALL assets in MetaTrader 5 Desktop, WebTrader and Mobile Trader
  • Variable or Fixed Pricing
  • Education Center
  • Price Alerts

Professional Account

A Professional account for professional traders, this level brings hedging capabilities and fixed spreads. The minimum deposit required is $100,000.

  • Hedging Allowed
  • Fixed Pricing
  • Personal Portfolio
  • Exclusive Daily Market Analysis
  • Education Center
  • Price Alerts
  • Research Tools

VIP Account

Invite only account with no minimum deposit for the most loyal Kiplar traders.

  • Low fixed prices
  • Negative balance protection
  • Hedging allowed
  • Analysis tools
  • Exclusive market analytics
  • Learning Center
  • Price notices

Available Assets

Kiplar brings all the popular assets to its clients, although higher level accounts do get access to a larger number of assets. Even so, all traders will be able to trade on the forex pairs, cryptocurrencies, various commodities, global equity indices, and individual shares.

KIPLAR Assets

Trading Platforms

The trading platform offered by Kiplar is the world-class MetaTrader 5. For CFD trading the MetaTrader 5 is a superior platform. Plus it can be used as an installed desktop application, via a WebTrader interface, or as a mobile app. Each version has all the same great features and tools that makes MT5 such a powerful analysis and trading platform.

One of the excellent features of MT5 is its multi-asset capabilities. Any asset class can be traded from the same platform and from the same account. It’s never been more convenient. And with MT5 traders will have access to dozens of indicators, 21 different time frames, and 8 different order types. It’s one of the most flexible trading platforms available.

Other features of Kiplar MT5:

  • Easy to use interface.
  • Free market data and news from MetaQuotes.
  • No additional software or browser extensions needed.
  • Netting and hedging position accounting systems included.
  • Advanced Market Depth and One-Click trading.
  • 3 chart types with direct trading from the charts.
  • 6 pending order types.
  • 38 built-in indicators, 37 graphical objects.
  • Available in Windows, iOS, Mac, and Android.
  • Complete access to the platform from any web-based device.

Banking

Kiplar follows the trend in the forex and CFD industry to avoid fees for deposits and withdrawals, which was good to see. As far as methods for depositing and withdrawing, the broker also follows the industry standards and allows for bank transfers, credit/debit cards, and a number of online ewallets. Access to different providers can vary based on the client’s country of residence, and all the available methods will be seen within the trading platform once an account has been created.

KIPLAR Banking

Customer Service

Customer service at Kiplar is exemplary, and is available in at least nine different languages. In addition, they provide 24 hour support during the trading week, which is refreshing in an industry that’s been moving towards shorter support hours.

As far as contacting support you can do this via their online chat, by telephone, or by email. Any of these methods will get you a quick and complete response to your questions or concerns.

Phone: +18194860127

Email: assistance-en@kiplar.com

In Conclusion

Kiplar may not be a perfect broker, but none of them are perfect. With less than a year in business there are some additions that can certainly be made, such as the inclusion of educational materials, and more complete documentation on the website.

The team behind the broker is definitely making progress though. When the site launched it was only available in Russian, however several months later it has also been translated into eight other languages. If the team is taking the same aggressive approach to adding other features then this will be a broker to contend with in a short period of time.

With a small $250 minimum deposit, an excellent customer service team, access to a wide range of assets, and an apparent focus on the needs of its clients, we think giving Kiplar a chance wouldn’t be a bad decision. They seem to be very focused on customer service, and that alone recommends them for us.

Summary

Company Information

Company Name:
KIPLAR LTD
Headquarters:
Beachmont Business Centre, Suite 76, Kingstown, St. Vincent and the Grenadines.
Phone:
(+)18194860127
Email:
assistance@kiplar.com

Account Options

US Clients Accepted:
Spreads:
Variable Spreads

Funding

Same Day Withdrawals:
Account Currencies:
USD
Deposit Insured, Segregated:
,

Bonuses

Deposit Bonus:
First Deposit Bonus:
Bonuses Conditional on Volume:

Customer Service

Supported Languages:
EN / RU
Support / Service Hours:
24/5
Live Online Support:
Phone Trading Available:

Trading Software

Also Supported:
Mobile App Trading, MT5
Mobile / App Trading:
Windows, Android, iPhone

Trading

Scalping Allowed:
Hedging Allowed:
Negative Balance Cover:
Automated Trading:
Trading Signals Provided:
Server Side Orders:
Trailing Stops:
Guaranteed Stops:
Guaranteed Limits:
Guaranteed Fills:
OCO Orders:
Interest on Margin:
One Click Trading:
Social / Follow Trading:

Information Services

Email Alerts:
SMS Alerts:
Trade from Charts:
Market Commentary:
News Feed:
Live Economic Events Data:
Signal Service:

Instruments / Contracts

Forex:
Major Indices:
CFDs:
Precious Metals:
Oil:
Commodities:
CFD Stocks:

Also Available

Institutional Accounts:
Swap Free Accounts:
Managed Accounts:
PAMM Accounts:

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