KRONOSINVEST Review 2020 – All You Need to Know
KRONOSINVEST is a leading forex and CFD brokerage company that has been around since 2010. Over the past decade, the company has positioned itself as leader in the financial industry and they have become one of the most reputable brokerage firms globally, attracting investors from different parts of the world. KRONOSINVEST has been able to stay at the top of their game by offering exceptional services to forex and CFD traders and investors. Aside from forex, the company gives users access to other financial markets, including cryptocurrencies, stocks, indices, and commodities.Due to their reputation, we decided to review the KRONOSINVEST services and analyze the features they offer to their clients. We opened an account and deposited real money to test their services. After testing their services, we compiled this comprehensive review so you can know what to look out for before partnering and investing with this company.
KRONOSINVEST Broker Review – Know the Facts, Trade with Confidence
Although we have confirmed that KRONOSINVEST is a leading and reputable online forex and CFD brokerage platform, we have put together a comprehensive review to help you better understand how they operate. With this knowledge, you will find it easier to carry out your trading with them. This review is detailed, honest, and unbiased. It also includes reviews from real users, giving you an insight into KRONOSINVEST and what they really have to offer. The bottom line is, this review will answer if KRONOSINVEST delivers as they promise to.
What Makes KRONOSINVEST Unique?
KRONOSINVEST is a unique brokerage firm because of the numerous, effective features it offers to its clients. KRONOSINVEST has ensured that it provides a wide range of educational materials to make it easier for newbie traders to learn about the financial markets, while experienced traders get the opportunity to fine-tune their trading strategies. The trading platforms offered at this broker include the MetaTrader 4 (MT4) platform which is packed with exciting features such as mobile trading. The MT4 trading platform executes orders in real-time; thus, ensuring that traders don’t miss out on excellent opportunities.
KRONOSINVEST also offers five different account types, depending on the trader’s requirements and preferences. In addition, the Islamic account is designed solely to make it easier for Muslims to take advantage of the opportunities offered by the financial markets. This move is innovative as it gives all traders an equal opportunity to trade profitably. Overall, KRONOSINVEST is a global forex brokerage firm that has been at the top for the last decade and its many effective features and services explain how they have managed to stay at the top.
KRONOSINVEST Experience Test
We have talked favorably about KRONOSINVEST so far, thus, it is only proper that we show you what you can get when you trade with this company. The first test we carried out was the customer care support. An excellent customer care service is at the helm of success in the trading business, and KRONOSINVEST performs well in this area. We contacted the customer care agents via email, and they solved our problem in no time at all. The customer care support staff were professional and knew much about the financial markets. There were no automated responses; the agents answered all questions and solved our problem instantly.
Secondly, we tested their withdrawal process. KRONOSINVEST offers five different account types, and each has a minimum deposit amount. However, once you deposit the funds, you are eligible to withdraw them almost instantly. Keep in mind that you have to provide your proof of identity and proof of residency documentation before you can withdraw your funds. The withdrawal process takes place instantly for credit/debit cards and e-wallets; however, you will have to wait for 3-5 days before your account is credited if you use the bank wire transfer methods. It is important to note that this delay is as a result of banking institutions and not the brokerage.
The third and final test was that of the order execution time. KRONOSINVEST makes use of the MT4 trading platform, which has become famous for the unique features and indicators it offers. The platform executes orders instantly to ensure that traders don’t lose excellent trading opportunities. Fast order execution is crucial when trading financial assets as slight price changes could lead to a profit or a loss.
Is KRONOSINVEST Scam or Legit?
When accessing forex and CFD brokerage firms, one of the most crucial questions a person can ask if whether they are a scam or a legit company. In this regard, we can say that KRONOSINVEST is a legit forex brokerage platform. KRONOSINVEST has been operating a transparent and highly efficient forex brokerage platform over the past nine years. Similar to some of the top forex and CFD brokerage firms in the industry, KRONOSINVEST discloses the risks involved in trading forex, cryptocurrencies, indices, and commodities. They also follow the international anti-money laundering (AML) and KYC (know your customer) regulations which require them to know the identities of their customers before allowing them to trade.
Trade manipulation is a severe issue in the forex trading world, and KRONOSINVEST stays far away from it as possible. The trading platform is purely transparent, and traders see what happens in the market in real-time.
Their firm KYC policy means that identity theft is not a problem with KRONOSINVEST. Users are required to provide proof of identity before they can withdraw their funds. The names on the identity card have to match those on the trading account. Despite the vast number of data available on its hands, KRONOSINVEST doesn’t disclose this information to any third-party entities and thus, your personal data will never be used for commercial purposes. You can always have peace of mind that KRONOSINVEST takes the necessary steps to protect your personal and financial information.
KRONOSINVEST Regulation and Safety of Funds
As an international company, KRONOSINVEST has put together a solid structure that ensures that client funds are kept safe and secure at all times. The company makes use of some mainstream banks to store its funds. To ensure that everything runs smoothly and securely, they don’t mix client funds with their business funds, which has allowed them to approve withdrawals almost instantly.
The MT4 trading platform offered at this brokerage has some advanced security systems in place. The security systems make sure that transactions on KRONOSINVEST are safe and secure. As a result, traders can deposit funds, trade currencies using real money, and withdraw their funds without fear of being hacked or losing their money.
KRONOSINVEST is one of the best forex and CFD brokerage platforms when it comes to the number of account types it offers. The account types here are varied, encompassing the vast range of traders found in the industry.
Here are the account types available here:
1. Blue: The blue account is the most basic account found on KRONOSINVEST. This account has a minimum deposit amount of $250, with 50 assets available for trading. Users of this account can decide to open a demo account to test how it works before depositing funds into the main account.
2. Silver: The second account type available at KRONOSINVEST is the Silver account. It has a minimum deposit sum of $5,000 and grants users with access to 70 financial assets. Similar to the first account type, the silver account users can try a demo account to test out the broker’s services.
3. Gold: The Gold account is a high-end account type that comes with a minimum deposit amount of $20,000. Due to the significant deposit amount, users here have access to 100 financial assets. Users can also get to enjoy a free demo account.
4. Elite: This is the highest trading account available on KRONOSINVEST. The minimum deposit amount here is $50,000 and is available to leading forex traders. Users here also get access to 100 financial assets and are allowed to enjoy a free demo account.
5. Islamic: This account type is unique for those who wish to stay within the Islamic limits of trading. It has a minimum deposit amount of $500 and grants users with access to 70 financial instruments. Similar to the other account types, the Islamic account users also enjoy the free demo account.
Despite the differences in the deposit amount and the number of financial assets available to the users of each account type, all traders get to enjoy excellent services offered by KRONOSINVEST. The customer care service is exceptional and available to all users. All of the account types use the MT4 trading platform, which provides a wide range of features such as market news, economic calendar, market analysis, reviews, and more.
KRONOSINVEST Trading Conditions
The trading conditions on this platform are as follows:
- All trading times are in GMT.
- 24/5 phone and live chat trading from 8 am Saturday to 10 pm Friday (GMT)
- The MT4 trading platform executes orders almost instantly
- Both the MT4 and the Webtrader platforms are available for all traders
- Up to seven languages available to users to choose from.
- Leverage up to 1:200 for indices, 1:500 for forex, while that of stocks is 1:10.
Fees and Spreads
The fees on KRONOSINVEST are meager. KRONOSINVEST doesn’t charge any fees but has small commissions for the different assets available here. They charge low commission from 0.08% for the various financial instruments. KRONOSINVEST also charges a 10% monthly inactivity fee for accounts that have been dormant for three months or more.
Account Opening Experience
Opening an account with KRONOSINVEST is very fast and easy. Visit their homepage of the KRONOSINVEST website and click on the ‘Sign Up’ button at the top right corner of the page. You will be asked to provide your full name, an email address, your country of residence, your password, and a phone number. You also have to agree to their terms and conditions, after which you can click the sign-up button. Once you register, you can decide to choose between the WebTrader and the MT4 platforms. You will also be required to choose the account type you wish to use after depositing funds into your account. Deposit funds using bank wire transfer, credit/debit cards, or a choice of e-wallets and start trading. It is as simple as that!
Deposits and Withdrawals
The payment systems available at KRONOSINVEST are inclusive, as they accept the three major deposit and withdrawal methods, thus, making it easier for traders to choose the funding method they desire for their account.
To deposit funds, sign in to your account and click on the ‘deposit’ button at the top right-hand corner of the site. Now, insert the amount you wish to deposit. Click on checkout now, and you will be redirected to where you will choose your payment methods. You can use credit/debit card, e-wallets, or a bank wire transfer. Simply deposit to one of your trading accounts by selecting it from the list, choosing a payment method and defining the desired deposit amount.
The deposit and withdrawal methods available here are:
The credit and debit card method is the most popular form of deposit and withdrawal. KRONOSINVEST accepts Visa, MasterCard, American Express, Maestro, AstroPay, and JCB. The minimum deposit amount depends on the account type. Payment is approved instantly, and KRONOSINVEST doesn’t charge a dime for processing payments.
Bank Wire Transfer
The bank wire transfer is currently available only to Chinese traders. The platform accepts UnionPay and bank transfer for both deposit and withdrawals, however, payment takes 1-3 working days to reflect in the users’ account. Also, KRONOSINVEST doesn’t charge commission for processing payments.
Online Banking – eWallets
KRONOSINVEST accepts a wide range of online banking payment methods like BPay, E-Wallet, iDeal, Giropay, and Sofort. These payment methods are usually available to EU-based traders and typically take between 2 hours and 24 hours to be processed. KRONOSINVEST doesn’t charge commission for payments done using online banking.
To withdraw your funds from KRONOSINVEST, login to your account and click on the ‘withdraw’ button. Fill in the withdrawal request form and wait for the request to be approved. Ensure that you have verified your identity and country of residence as this is vital. Keep in mind that bank wire transfer takes longer to process and the funds will not reflect instantly in your account.
As an international company, KRONOSINVEST strictly follows the anti-money laundering (AML) and KYC (Know Your Customer) guidelines put in place to curb money laundering and identity theft. Thus, customers are required to provide proof of their identity and residence before carrying out some activities like fund withdrawal. KRONOSINVEST will need the following documents from you:
Proof of Identity
For the proof of identity, KRONOSINVEST accepts the following documents:
- Government-issued passport
- National ID
- Driver’s license
Make sure each document is fully and clearly visible, including the edges. Black and white copies and /or copies on which the sides of the documents are not visible are NOT accepted.
Proof of Residence
For the proof of residency, KRONOSINVEST accepts the following documents:
- Utility Bill (gas, electricity, etc.)
The scanned copy of these documents have to be clear, and the bills shouldn’t be dated above three months. The documents must clearly reflect the date, name, and address of the trader.
Declaration of Deposit
The declaration of deposit is necessary and serves as a record of your deposits. You are required to provide the date and time of the deposit, the amount and currency deposited, and your signature.
Proof of Card Ownership
KRONOSINVEST requires that the name on your credit or debit card should match your account name. Thus, you have to submit a clear copy of your credit card displaying the name on the card, the expiration date, the signature, and the last 4 digits on the card.
KRONOSINVEST Trading Platform
KRONOSINVEST makes use of both the MT4 and the WebTrader trading platforms. The MT4 trading platform is highly respected within the forex trading world due to the vast benefits it offers. It allows people to open demo accounts, enabling them to test the services of a platform before they invest real money.
With MT4, traders can have access to a wide range of financial markets and assets. The fixed spreads here ensures that traders get the same price despite the market volatility. This is especially good for cryptocurrency traders. It also comes with powerful charting software making market analysis a lot easier.
The combination of the MT4 and the WebTrader platforms enables KRONOSINVEST to offer over 200 trading products. The instruments are spread over a diverse portfolio including CFDs on currency pairs, stocks, indices, metals, and cryptocurrencies.
In terms of security, the MT4 and Webtrader platforms are highly organized and efficient. The MT4 platform uses the 128-bit key to encrypt the data between the trader’s account and the server. The encryption foils cyberattacks and ensures that both the user’s funds and personal data are safeguarded.
Despite their numerous features, the MT4 and Webtrader platforms are neatly designed to ensure ease of use. KRONOSINVEST’s user interface is arranged in such a way that both novice and experienced traders can easily navigate. KRONOSINVEST is accessible on a desktop, Android, and iOS mobile devices.
Education and Resources
KRONOSINVEST has one of the largest catalogs of educational materials. They have a wide range of videos, eBooks, glossary, trading tips and strategies, and a host of other tools. For beginners, you can learn the basic topics about forex, platforms, and trading. Intermediate traders can learn how to use more sophisticated tools and techniques that will help you in trading. They teach traders about pips, spreads, margin, and leverage. For experienced traders, educational materials are available to help them learn advanced topics about trading strategies, risk management and more. Some of these topics also include how to read candlestick charts.
Traders here can also learn about the different trading strategies, get expert tips, access the videos and eBooks, and learn more about trading concepts. All these materials are available because KRONOSINVEST believes that trading success comes from having adequate knowledge about the market.
In addition to the educational materials, KRONOSINVEST traders have access to a wide range of other resources. The economic calendar is available to show traders some of the major economic events coming up. It is an excellent tool for carrying out fundamental analysis. KRONOSINVEST also provides live currency rates, trading charts, market news, and risk management tools. The risk management tools help traders know how to calculate and apply Stop Loss and Take Profit orders effectively. The technical, fundamental, and sentiment analysis are always available for traders to access, which gives them extra information on the market conditions.
The customer service available at KRONOSINVEST is exceptional. The customer service agents are professional and friendly, attending to customers’ every need almost instantly. You can reach the customer service agents via an email or request for a callback. They are responsive and attend to their customers during their working hours.
Frequently Asked Questions (FAQs)
Is KRONOSINVEST regulated?
No, it is not. However, KRONOSINVEST is an international company that has served traders from different parts of the world over the past decade. Their services are exceptional and attract some of the leading forex traders. They also follow the AML and KYC guidelines to ensure that their customers operate within the purview of the law.
What is KRONOSINVEST?
KRONOSINVEST is a brokerage firm that grants traders access to financial markets such as forex, stock, cryptocurrencies, indices, and commodities.
Who has experience with KRONOSINVEST?
KRONOSINVEST is designed to cater to both the novice and experienced traders. Their services make it possible for traders to make a profit by speculating about the prices of the financial assets like stocks, indices, commodities, cryptocurrencies, and currency pairs.
How does KRONOSINVEST work?
KRONOSINVEST grants traders with access to the financial markets, allowing them to buy and sell a wide range of financial assets. KRONOSINVEST charges a fee for the trades, and customers get to speculate on the price changes of the financial assets.
How reputable is KRONOSINVEST?
KRONOSINVEST is one of the most reputable forex and CFD brokerage firms in the world. The company has been offering brokerage services over the past nine years and has attracted some of the top forex traders in the world. We can confirm the legitimacy of this platform and assure you that it is a trustworthy brokerage firm that is worth your time and money.
How do I open an account with KRONOSINVEST?
Opening an account with KRONOSINVEST is easy. All you have to do is follow these steps;
- Visit the KRONOSINVEST site and click on the ‘signup’ button at the top right corner of the homepage.
- Provide the required details such as name, email address, password, country of residence, and phone number.
- Agree with their terms and conditions and click ‘sign up.’
- Login to your account and deposit funds
- Start trading the over 200 financial assets available
Where is KRONOSINVEST Based?
KRONOSINVEST is an online forex brokerage platform, and as such, it doesn’t have a physical office. The company is an international brokerage firm that offers traders all over the world access to the financial markets.