Kiplar Review

Introduction to Kiplar Review

Kiplar is a new broker aimed primarily towards the Russian market, as is evident by the default language on its website. The company was founded earlier this year and, thus, hasn’t yet had a chance to make a name for itself.

The broker’s base of operations is in Saint Vincent and the Grenadines. The exact address of their office is Beachmont Business Centre, Suite 76, Kingstown.

For many non-Russian users, the first problem that occurs naturally, is not being able to understand the website. However, the good news is that Google’s built-in website translating function works wonders. While it’s not an exact translation, it’s close enough for you to understand what’s going on and make conclusions about unclear details using context.

Once you manage to figure out how to navigate the pages, you are greeted with an intuitive, clutter-free website. There are no distractions, flashing images, or ads that act like lures. In that way, Kiplar is reminiscent of established brokers that know their service is good enough not to need eye candy. Where Kiplar overtakes older brokers, however, is the fresh touch that makes their service more pleasing to look at and navigate.

To sum it up, Kiplar feels like it fuses the best features of both older and newer brokers. That mix results in an experience many have tried to provide, but few have succeeded. Here are some of the best features customers can expect from the broker:

Business and Trading Transparency

Both business practices and trading prices are entirely transparent for two different reasons. Firstly, their website layout provides you with all the necessary info in just a few clicks. Brokers often don’t plan ahead, and their websites end up being difficult to navigate. As a result, info ends up being obscure or repeated multiple times, so it’s great not to have to worry about that. Secondly, its transparency of trading prices, is achieved by extraordinarily quick execution speeds. As trades are executed near-instantly, there is no time for prices to change.

Competitive Prices

Making positive trades largely depends on asset pricing, and as such, you would ideally avoid brokers with sub-par prices. Kiplar isn’t one of those, as they promise to provide better prices than most brokers you come across online.

Fee-Free

Fees and commissions are usually set up so that they don’t seem horrible. A fee of 1 to 5 percent does not seem too bad when viewed at face value, and many traders seem to ignore such numbers. However, additional payments when trading, depositing, or withdrawing can make a difference between profiting or losing money. Even the smallest fees mean you are trading with an inherent disadvantage, so they should be avoided at all costs.

Funds Trading and Security 

Good security is hard to come by in modern times, and even harder to test. Even with proper regulation, many brokers manage to trick their customers and disappear. That has made traders rightfully cautious when choosing where to trade online.

At first glance, Kiplar might seem suspicious because they do not provide any licensing information. However, they are a young broker, and getting verified with a respected regulator takes time, so it’s likely that they’ve started the process already. Slightly less likely, but still within the realm of possibility, is the option that they have already obtained a license but haven’t displayed the info. That sort of mishap happens all the time with brokers without large amounts of experience, so it wouldn’t come as too much of a surprise.

Reputation is another factor for judging brokers, but again, as an almost entirely new broker, Kiplar hasn’t had the time to build much of a reputation at all. So, where does that leave us? Well, we looked through their services to see if we could find any red flags. That would include things like unreasonable bonuses or malicious terms & conditions.

Luckily, we found nothing that would worry us; there are no signs that point towards Kiplar being a scam. So, we give them the green light. We are certain that once they get verified at a regulator, the last bits of skepticism around their safety will vanish.

Trading Accounts at Kiplar

Unfortunately, it seems like the owners of Kiplar haven’t enabled demo accounts yet. However, there is some good news, as the lowest account only sets you back $250, which is quite a bit cheaper than some brokers. With a low investment, you can try out their service and get out if you don’t like it without losing much at all.

However, if you disregard the lack of a demo account, the broker has done an outstanding job in providing proper account typing. There’s something for each level of trading, topped off with a VIP level for their most loyal customers. Each account type offers strong benefits for their price, and the final, VIP, level ensures you’ll get treated like royalty.

Here are the account types and some of their specifications, so you can look through them yourself and decide whether they suit you.

 Student

• Minimum Deposit: $250
• Leverage up to 1: 400Access to MetaTrader 5
• Version for PC and mobile devices
• Web trader
• Learning Center
• Price notices
• No commissions

  Advanced

• Minimum Deposit: $2500
• Leverage up to 1: 400
• Maximum trade size 10.00
• Account manager
• Individual trading strategy
• Access to MetaTrader 5
• Learning Center
• Price notices

Specialist

• Minimum Deposit: $25000
• Personal portfolio
• Exclusive market analytics
• Analysis tools
• ALL assets in MetaTrader 5
• Fixed or floating prices
• Learning Center
• Price notices

Premium

• Minimum Deposit: $10000
• Hedging allowed
• Fixed prices
• Personal portfolio
• Exclusive market analytics
• Learning Center
• Price notices
• Analysis tools

VIP

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

Trading Conditions

The trading conditions are all aimed towards providing an old-school experience, without much flashiness. They are all balanced towards the long term and don’t aim to fix what isn’t broken. For example, the leverage you’ll get is 1:400. While this is lower than some modern brokers, it is a good level that helps in making positive trades without allowing traders to get ahead of themselves. The spreads at Kiplar are tight but fluctuate, and the execution is, as we already mentioned, quite quick.

The deposit and withdrawal options are great, with no hidden fees attached to them. They are also quick, taking a few business days at most. The security is also up to industry standards, and that is an important factor to look at when considering trading conditions. The assets are diverse enough for you to have a colorful portfolio and enough options to fall back on.

To top it all off, the account typing is way above average for a new broker and provides traders with more control over their experience. All things considered, the trading is not flawless, but is it quite solid. Especially since this broker hasn’t even been operating for a year.

Trading Platform 

Kiplar’s chosen platform is MetaTrader 5. As most traders know, the platform is a top contender worldwide, and many be considered the best. It has significant benefits for both newer and veteran traders. For novices, the easy to use interface provides a seamless transition into the world of trading. Meanwhile, for more experienced traders, the multitude of analytical tools is there to help you predict where the market will go.

MetaTrader 5 also has two distinct convenience features for mobile and web clients. The mobile client allows for trading while on the go. All you need to do is go to your device’s respective app store and download the app for free. Beyond that, a stable connection and mobile data plan will allow you to trade wherever you happen to be.

Besides that, there’s a web client that loses nearly no functionality over the downloadable one. So, no matter which desktop device you’re using, you’re just a few quick steps away from trading. All you need to do is log in with your credentials, and you can get started. Account synchronization is also a feature, so your trading history can be nice and tidy no matter which client you use.

Kiplar’s Trading Products

Kiplar has good variety in its trading instruments, as is evident by the categories on their website. The exact number and type of assets in each group, however, isn’t as clear. However, even if they’ve done the bare minimum in ensuring there are enough products in each section, their selection would look solid. Here is a preview of the categories you can expect to see at Kiplar:

• Currency pairs
• Raw materials and energy carriers
• Stock indices and stocks
• Precious metals

Customer Service

Customer support is not exactly the place where you can expect ground-breaking innovation. Kiplar provides the tried and tested trio of email, phone line, and live chat services. That ensures everybody can get their issues resolved, and questions answered in a reasonable time frame. Their support works 24/5, so nighttime traders are in luck.

Phone Number: +18194860127

Email Address: [email protected]

Kiplar Review: Conclusion

Kiplar, like any broker, is flawed in a few areas. However, if you add up all the positives, they far outweigh the negatives. The broker provides an experience that rivals many established firms, and they are only in their first year of operations.

If you are a goal-oriented trader that puts long-term profit over gimmicky and temporary boosts, you should seriously consider using Kiplar’s services. The excellent platform, good leverage, tight spreads, and quick execution will all aid you in thinking about your decisions, and that process will improve your trading skill level. Over time, that translates into steady earnings for most, which is the end goal for most traders.