Wikilix independent safety report
Kumo Markets is a high risk, effectively unregulated offshore broker. We found no proof of fraud, no clone and no regulator warning, but the company holds no meaningful licence, takes deposits mostly…
Risk scorecard · each area scored 0 (clean) to 10 (worst)
What Wikilix has recorded about Kumo Markets: its history, the licences it holds, its trading conditions and its fees.
Kumo Markets is a retail forex and CFD brand operated by Kumo Markets Limited, a Business Company incorporated in Saint Vincent and the Grenadines on 13 May 2020 under registration number 25875. The broker offers three account tiers on MetaTrader 5, with a 100 USD entry deposit, leverage advertised up to 1:500 and a product range covering currency pairs, metals, energies, indices and cryptocurrency CFDs. It holds no financial services licence in any jurisdiction.
No. Kumo Markets is not regulated by any financial authority, and the broker states this itself: its help centre answers the question by saying the company is happily unregulated in order to better serve all our global customers. No regulator, licence number or supervisory reference appears anywhere on the site.
Two pages of the same site nevertheless describe the business as a licensed and regulated financial institution, on the company page and again on the fees page. That wording is not supported by any licence the site names, and it contradicts the help centre answer.
The operating entity is Kumo Markets Limited, recorded as Active on the Saint Vincent and the Grenadines Financial Services Authority entity register as a BC Business Company, number 25875, incorporated on 13 May 2020 through registered agent Euro-Caribbean Trustees Ltd. A Business Company registration of this kind establishes that the company exists. It is not a financial services licence and it carries no client protection.
The company number is stated inconsistently by the broker. The site footer gives 25875 BC 2020, which matches the register, while clause 1.1 of the client agreement gives 2587 BC 2020 and names the firm Kumo Markts Ltd. The same agreement states that client funds are held in a bank account belonging to Kumo Markets Capital, a name that does not appear on the register.
Kumo Markets carries a high level of client risk, because no regulator supervises it and no compensation scheme covers its clients. A dispute would have to be pursued against a Saint Vincent Business Company under the law of that jurisdiction, where the authority that holds the register does not supervise forex or CFD dealing.
Fund handling is stated inconsistently as well. The client agreement promises separation of client money from company operating expenses, while the help centre tells clients that deposits go into the broker's own cryptocurrency account or its own bank account. At the time of this review the client portal and the registration hosts were not serving, so an existing client could not reach their account area.
Three live accounts are published, all on MetaTrader 5, all permitting expert advisors, hedging and scalping, and all with a 0.01 lot minimum trade size.
Swap free and Islamic accounts are not offered. The help centre says the broker is looking into them.
The only published spread figure is 1.8 pips on EURUSD for the STP STANDARD account. The ECN PRO tier is marketed as near zero spread, but no number is given for it. Commission is 8 USD per lot on ECN PRO and 6 USD per lot on CORPORATE, and nothing on STP STANDARD.
Funding charges are 1 percent on cryptocurrency deposits and 2 percent on bank transfer deposits, with no charge on withdrawals in either channel. The broker presents these as fees passed on from third party payment processors rather than as its own.
Maximum leverage is advertised at 1:500 on the STP STANDARD and ECN PRO accounts and 1:100 on CORPORATE. The figure is not consistent across the site: the help centre states 1:200 on standard accounts and 1:100 on ECN accounts, and the client agreement defines leverage as 1:200.
MetaTrader 5 is the only platform, offered for Windows, macOS, Android and iPhone from the platform page. Live accounts connect to the KumoMarkets-Live server and practice accounts to KumoMarkets-Demo, with trading servers described as London LD5 and New York NY4.
Two channels are published on the fees page: cryptocurrency, with a 100 USD minimum deposit and a 50 USD minimum withdrawal, and bank transfer, with a 5,000 EUR minimum in both directions. The help centre gives different figures, stating a 1,000 USD minimum first wire, and says that only Bitcoin is being accepted at present, with deposits taken through Coinbase Commerce and withdrawals paid through a B2BinPay wallet.
Withdrawals are processed by hand during UK business hours once identity documents are verified, and are described as taking two to five business days.
Support is by email at support@kumomarkets.com, by telephone on +44 20 8095 0469 and by live chat, in English only. The contact page states that support staff work mainly within UK working hours, and lists a registered office in Kingstown, an operations office in Vilnius and a support office in London.
Strengths:
Limitations:
Kumo Markets is a real and openly named Saint Vincent company selling leveraged CFDs without any financial licence, and the most important thing to weigh before funding an account is that there is no regulator to approach if something goes wrong. The offering itself is conventional for this segment: one MetaTrader 5 platform, three tiers and crypto funding. What distinguishes this profile is how often the site disagrees with itself about facts a client would rely on, including its own regulatory status, its leverage, its company number and where client money is held.
8 full-page captures of Kumo Markets's own site, archived so what they said can still be read after the pages change.
We have not confirmed any regulation for Kumo Markets. Money deposited with an unregulated broker is protected only by the company itself.
Trading with an unregulated broker puts your deposit at risk.
We have not confirmed any regulation for Kumo Markets. An unregulated broker is not supervised by a financial authority, and money you deposit is protected only by the company itself.
What this means for you
3 account types on record. Minimum deposit from USD 100. Leverage up to 1:500.
| Account | Min Deposit | Leverage | Commission |
|---|---|---|---|
| STP STANDARDStandard | USD 100 | 1:500 | Zero commission, EURUSD from 1.8 pips |
| ECN PROPro ECN · ECN | USD 1,000 | 1:500 | USD 8 per lot |
| CORPORATECorporate | USD 50,000 | 1:100 | USD 6 per lot |
Where Kumo Markets says it will and won't take clients
Confirmed blocked
Named in the broker's own terms
Likely blocked
Reported, not verified against a primary source
Covered by a parent block
Territories a blocked country carries with it
2 ways to fund an account. The costliest way in is Bank Transfers at 2%.
| Method | Deposit fee | Withdrawal fee | Min deposit | Withdrawal min / max | Processing |
|---|---|---|---|---|---|
| CryptocurrenciesCryptocurrencyBitcoin is the channel the help centre describes in practice, with deposits taken through Coinbase Commerce and withdrawals paid through a B2BinPay wallet. The 100 USD minimum applies to the first deposit only and later top-ups have no minimum. Withdrawals are processed by hand during UK business hours and typically settle in two to five business days. The broker presents the 1 percent deposit charge as a third party processing fee rather than its own. | 1% | Free | USD 100 | USD 50Not recorded | 5 days |
| Bank TransfersBank TransferThe published fee schedule sets a 5,000 EUR minimum for both directions, while the help centre states a 1,000 USD minimum first wire and also says only Bitcoin is being accepted at present, so availability should be confirmed before relying on this channel. The broker presents the 2 percent deposit charge as a third party processing fee rather than its own. | 2% | Free | EUR 5,000 | EUR 5,000Not recorded | 5 days |
One trading platform on record: Meta Trader 5.
MetaTrader 5 is the only platform offered. Clients connect to the KumoMarkets-Live server, with KumoMarkets-Demo for practice accounts, and expert advisors, hedging and scalping are all permitted.
6 domains on record. 3 active.
One legal entity behind the Kumo Markets brand.
Kumo Markets names Kumo Markets Limited as the operating company. We could not confirm that registration on the registry.
3 other brokers on the record share what Kumo Markets offers — its country, regulator, account types or platforms — set beside it on the same measures.
Common questions about Kumo Markets
At the time of this review, no. The client login portal returned a maintenance notice and the two account registratio...
By email at support@kumomarkets.com, by telephone on +44 20 8095 0469, or through the live chat on the website. Compl...
No. The help centre states plainly that Islamic accounts are not available at the moment and that the broker is looki...
The help centre publishes a restriction list. Yemen, Iran, North Korea, Russia, Syria, South Sudan, Saint Vincent and the Grenadines and the USA are listed as banned, including residents of the broker's own country of incorporation.
A further 35 jurisdictions are listed as restricted, among them Belgium, China, Cyprus, Croatia, France, India, Israel, Malaysia, Nigeria, Pakistan, South Africa, Turkey, Ukraine and the United Arab Emirates, though the same entry says the broker can still cater to most of them.
MetaTrader 5 only, with builds for Windows, macOS, Android and iPhone. There is no MetaTrader 4, no cTrader and no proprietary web platform.
Live accounts connect to the KumoMarkets-Live server and demo accounts to KumoMarkets-Demo. Expert advisors, hedging and scalping are permitted on every account tier.
The broker's own documents contradict each other on this, so it cannot be relied upon. Section 13 of the client agreement says client funds are held in a bank account separated from company operating expenses.
The help centre, answering where funds are kept, says instead that money goes into the broker's own cryptocurrency account or its own bank account. The agreement also attributes that account to a company called Kumo Markets Capital, which does not appear on the Saint Vincent register.
Two to five business days, according to the help centre, and only after identity documents have been verified.
Withdrawals are handled manually by staff working UK business hours of 08:00 to 18:00 GMT, so a request made outside those hours can add up to another 48 hours before processing begins.
The fee schedule lists two channels, cryptocurrency and bank transfer. The help centre says that only Bitcoin is being accepted at present, with deposits taken through Coinbase Commerce and withdrawals paid through a B2BinPay wallet.
Deposit charges are 1 percent for cryptocurrency and 2 percent for bank transfer, with no withdrawal charge in either channel. The minimum cryptocurrency withdrawal is 50 USD.
STP STANDARD charges no commission and quotes EURUSD from 1.8 pips. ECN PRO charges 8 USD per lot and CORPORATE charges 6 USD per lot.
No spread figure is published for the ECN PRO or CORPORATE tiers beyond the near zero spread marketing description, so the total cost on those accounts cannot be calculated from the site.
Up to 1:500 on the STP STANDARD and ECN PRO accounts and up to 1:100 on CORPORATE, according to the account comparison table.
The site is not consistent on this. The help centre states 1:200 on standard accounts and 1:100 on ECN accounts, and the client agreement defines leverage as 1:200. Confirm the figure that actually applies before trading.
The minimum is 100 USD on the entry-level STP STANDARD account. ECN PRO requires 1,000 USD and CORPORATE requires 50,000 USD.
Per channel, the fee schedule sets a 100 USD minimum cryptocurrency deposit and a 5,000 EUR minimum bank transfer, while the help centre instead states a 1,000 USD minimum first wire.
There is no confirmed evidence that Kumo Markets is fraudulent, but it should be treated as high risk rather than clean. The company is real and verifiable on its home register, yet it operates entirely without financial regulation.
The concerns are concrete: the site claims to be licensed and regulated on two pages while its own help centre says the opposite, the help centre states that deposits go into the broker's own accounts rather than segregated ones, and the client agreement names a company number and a fund-holding company that do not match the register.
Kumo Markets is operated by Kumo Markets Limited, a Business Company registered in Saint Vincent and the Grenadines under number 25875 and incorporated on 13 May 2020.
The company is recorded as Active on the Saint Vincent and the Grenadines Financial Services Authority entity register, through registered agent Euro-Caribbean Trustees Ltd. That registration proves the company exists but authorises no financial services activity.
No. Kumo Markets is not regulated by any financial authority, and the broker confirms this itself: its help centre answers this exact question by saying the company is happily unregulated in order to better serve all its global customers.
No regulator, licence number or supervisory reference appears anywhere on the site. Note that the company page and the fees page both describe the business as a licensed and regulated financial institution, which no licence on the site supports.
Comments
Share your thoughts and experiences with Kumo Markets