Kaya FX Review: Bonus, Platform, Withdrawals and More ByPatrick WebberPRO INVESTOR Last Updated: 17 August 2020 Kaya FX is considered by many among the most popular robot brokers currently available. You will be able to find a lot of information online on this platform but none of it will agree on whether or not it is a legit broker. That is why we decided to review it. We found out that it is actually a 100% legit broker and you can allegedly make significant profits trading on it. The best way to do that though it by accessing the broker through Bitcoin Trader, an auto trading robot. Our review revealed that Kaya FX is a legit broker. Read our review to find out what you need to know about this robot broker and what is the best auto trading robot you can use to access Kaya FX. Keep on reading if you wish to find out about Kaya FX’s fees, commissions, account types, customer support services, how to trade on it via Bitcoin Trader and much more. Robot Rating Properties Trade 1 Free to use 82% claimed win-rate $250 Min Deposit Accepts Debit and Credit Card Trade Now All trading carries risk What is Kaya FX? Kaya FX is a robot broker currently owned and operated by AlphaTec LTD, registered at Mazars House, Gelderd Road, Leeds, England, LS27 7JN. At the moment, the platform has over 135,000 active accounts, it operates in 84 countries and over 1.2 million trades are places every single day on it. This makes it one of the most active and popular trading platforms currently on the market. According to the official website, by trading on it you will be “facing success” thanks to the support provided for you by customer services, educational resources, low spreads and so on. To be sure that these claims are true we have found many users testimonials claiming that it is possible to make money with this robot. However, we found users who claim that the best way to make profits on it is to trade on it via auto trading robots like Bitcoin Trader or Crypto Revolt. The reason why we say that is that auto bots are more sophisticated and complex than robot brokers. Robot brokers simply offer platforms where you can invest safely but you will get no support while placing your trades. Crypto bots on the other hand, are based on complex algorithms that allow the system to analyse changes in the market in real time and based on that, it will place investments for you, requiring you to take very little action. Most of the work is actually done by the robot. To be able to place trades though, crypto bots have to connect to a robot broker and that is where Kaya FX comes in. The best way to start trading with Kaya FX in particular is to trade on it through Bitcoin Trader, especially if you are an inexperienced user. Click here if you want to trade on Kaya FX via Bitcoin Trader. Kaya FX Regulations We were unable to find out whether Kaya FX is a regulated broker. The website does talk about the broker’s regulatory status. What we do know as a fact though, is that the role of regulatory agencies is to make sure that brokers protect customers from loss of funds as much as possible. We have found Kaya FX to be doing that efficiently no matter what its regulatory status is. Is Kaya FX Legit or Scam? Our review has revealed that Kaya FX definitely is a legit platform. There are several aspects of the platform that convinced us about that. We’ve reviewed many a Bitcoin robot in the past such as Bitcoin Code/Bitcoin Trader and we have certain standards that robot brokers have to meet for us to consider them as legitimate platforms. One of our main criteria for assessing whether a broker is reliable is to check if it makes efforts to protect users from the risks associated with crypto trading. Kaya FX certainly does that. The first thing we noticed is its transparency when it comes to risks. The broker is completely honest about the fact that crypto trading can lead to loss of investment funds. The official website also provides detailed information on deposit and withdrawal policies as well as privacy and acceptable use policies. The more information is made available to you, the more the broker shows it has nothing to hide. Additionally, the broker website provides a “knowledge centre”, where you can access educational tools to improve and make the most out of your trading experience. It can also help to improve investment strategies and your knowledge about the world of crypto. A list of all the different account types is also made available, and you can have a look through all the advantages offered with each account upgrade. We must stress though, that if you are a beginner or an inexperienced user, the way in which you have more chances to allegedly make profits is by trading on Kaya FX through Bitcoin Trader. If you are experienced, you might already know what you are doing in terms of trading strategy and market analysis to be able to make profitable investments. If you are not experienced enough though, it might be difficult to know what trades to place and you will probably end up losing money. Markets/ Instruments Before even signing up to the broker, you will be able to see all the instruments available to trade with on Kaya FX. There is a great variety of products you can choose from, including forex, CFDs, currency pairs, commodities, indices and stocks. The currency pairs available are EUR/USD, GBP/USD, NZD/USD, GBP/CAD amongst many others. The commodities include coffee, corn and wheat whilst the indices available are Nasdaq, Dow Jones and others. The most popular stocks on offer are Amazon, Apple, Coke, Disney, VISA and much more. Trading Platforms A good way to find out whether a robot broker is legit or not is to have a look at what trading platform it uses to support its trades. Two of the most transparent and well-reputed platforms available are WebTrader and MetaTrader4. 80% of the reliable brokers on the market use these two platforms for their ease of use and their reputation. We find the platforms to be very suitable for both beginners and experienced users and we consider it to be a very positive sign whenever a robot broker offers these platforms to support trades. Kaya FX does that and we were definitely positively impressed. MetaTrader4, or MT4, was developed by MegaQuotes and it is the most popular of the two. Both beginners and professionals can benefit from it so much because it is very intuitive and traders can learn how to use it in minutes, but at the same time it offers complex tools such as indicators and chart types, which professionals can use to pursue more advanced trading strategies. MT4 can be downloaded on your desktop or you can download the app on your smart phone. Webtrader is another popular platform. It runs on browser so you simply need an internet connection and smart phone, tablet or laptop to be able to access it. Like MT4, data is updated in real-time and the platform is easy to comprehend and simple to use. How to trade on Kaya FX through Bitcoin Trader (recommended) As we have already mentioned, the best way to trade on Kaya FX is through Bitcoin Trader, especially if you do not have much experience with crypto trading. By trading on Bitcoin Trader, you only have to spend about 15 minutes a day on it to change the trading settings, but apart from that, the system claims to do all the rest of the hard work. The crypto bot will analyse the market changes and will allegedly place the most profitable investments accordingly. To be able to function, auto trading robots like Bitcoin Trader connect to a robot brokers like Kaya FX and place trades through the brokers. That is what we mean when we say that you can trade on Kaya FX via Bitcoin Trader. Here is a step-by-step guide on how to sign up on Bitcoin Trader. Registration You will first have to register on the auto trading robot. There are three simple steps you will have to follow. First, you will have to type in your first and last name and your email address. You will then have to create a password, it will have to include between 6 and 10 characters and both letters and numbers. Otherwise, you will not be allowed to move on to the next step of the registration process. Finally, you will have to select your country and insert your phone number. Deposit At this point, you can deposit funds in your new account. As soon as you finalise the registration process, you will be redirected to a page asking you whether you want to test the platform first or you want to start trading. If you choose to start trading, you will be asked to pay the deposit. You will have to deposit a minimum of $250 in your account to be allowed to access the trading platform. The best way for you to deposit your funds is via credit or debit card. To do that you will just have to select your payment method, insert your card number, deposit amount, expiration date and CVV number, which you can find at the back of your card. Trading As we mentioned earlier, Bitcoin Trader’s trading platform is very suitable for both beginners and experienced users. At the top of the page, you will be able to see what your balance is, as well as your profits and the brokers available. You will also have access to the trading history and the trading options. Underneath that, you will be able to decide on your trading settings. You can decide how much you want the software to invest for each trade, how much you want to make in one day and a daily maximum number of trades. You can also decide on a daily stop loss and daily maximum profits. Just below that, you will have the opportunity to decide what cryptocurrencies you want the system to trade with.. Whenever you are happy with your trading settings, you can click on “auto-trade”. That will activate the auto trading mode. All you have to do at this point is sit back and wait to see if your balance increases. Try Kaya FX on Bitcoin Trader How to sign up on Kaya FX directly (not recommended) If you do not want to trade on Kaya FX through Bitcoin Trader, you can open an account on the robot broker directly but we must stress that we strongly advise against that. By trading on Kaya FX directly, you would be giving up significant advantages that you would have by trading on Kaya FX through Bitcoin Trader. Robot brokers are secure platforms to place trades on, but in no way they help you make money. The only software that can allegedly do that are auto trading robots and Bitcoin Trader in particular claims to have an accuracy of above 90%, meaning that out of 10 trades, at least 9 will be profitable. To function, automated robots like Bitcoin Trader connect to robot brokers like Kaya FX and place trades through the brokers. That is why it is possible for you to trade on Kaya FX through Bitcoin Trader. If you wish to do that, feel free to click here. If you still want to trade on Kaya FX directly, you can go on the official website and sign up. On the top right side of the website, you will find a “sign up” button. If you click on it, a registration form will pop up requiring you to fill in your personal details. You will be asked to select your country of residence, to type in your first and last name, your email address and phone number. You will then have to create a new password, confirm it. You will finally have to accept the terms and conditions, confirm that you are over 18 years old, declare that you are not a US citizen/US tax resident. If you wish to do so, you can also subscribe to a newsletter and special promotions. At this point, you can deposit funds into your account and then start trading. Account Types Kaya FX offers four different account types for you to choose from. The most basic account type is the Mini, followed by the Bronze, Silver and Gold. For the Mini account, you will have to deposit a minimum of $250 to be able to access the trading platform. The higher the upgrade, the higher the minimum deposit amount will be. We were unable retrieve this information for Kaya FX’s other account types, but normally, the other minimum deposits range from $2,500 to $50,000. The difference is usually so significant because with every account upgrade you have access to remarkable advantages that will increase your chances of making profits. In general, all account types have some basic advantages. The Mini account offers MT4 and WebTrader as trading platforms. You will be able to get some basic training, a personal account manager, an expert advisor, fixed spreads, customer support, a leverage of up to 1:100, hedging, access to forex news, the resource and knowledge centres. These advantages are included in all account types. On top of these, the Bronze account offers access to webinars, while the silver allows you to get daily market alerts and one-on-one training. Gold account holders can also get a personal bonus policy and personal trading conditions. Leverage The leverage offered on Kaya FX goes up to 1:200 but it varies depending on the asset you select and on your account type. The leverage offered on Mini and Bronze accounts goes up to 1:100 whilst Silver and Gold accounts offer a leverage of up to 1:200. Leverage is the debt a trader takes on towards the broker and uses it to buy an asset. In simple terms, a leverage of up to 1:200 means that for every $1 in your account, you can buy $200 worth of assets. Having access to a high leverage gives you the opportunity to make large sums of money in little time. However, bear in mind that the higher the leverage, the higher your risks of losing capital. Commissions and Spreads The broker website provides detailed information on the spreads available but we are unaware about whether or not commissions are present. For Mini accounts, spreads are fixed, but for all other account types they are floating. For the EUR/USD currency pair, the spread is 0.0003. Other fixed spreads are in place for GBP/USD, EUR/GBP, USD/JPY with 0.0004, 0.0004 and 0.03. Deposits and Withdrawals Depositing or withdrawing money on Kaya FX is very simple. The robot broker accepts several kinds of payment types, the most popular being credit or debit cards with VISA, MasterCard or Maestro circuits. You can also pay with bank transfer or with e-wallets such as Neteller, Skrill, Sofort, Stripe or Neosurf. If you wish to pay via bank transfer, we are aware that several currencies are accepted but we are unaware of what these are. The best thing to do would be to contact a member of staff and see if the currency you intend to pay in is accepted. Mobile App The official website does not mention anything about A Kaya FX app. We had a look on Google Play and App Store to see if we could find an app but we didn’t. However, there is a mobile app for MetaTrader4, so as long as you have an internet connection and you download that app, you will certainly be able to trade on-the-go. Education and Resources The Kaya FX website offers a sufficient number of education resources to help you through your trading experience. Even though you will not have access to eBooks, video tutorials or online courses, the website offers in-depth explanations of trading strategies that include technical and fundamental analysis. There is also a dictionary with definitions of all the technical terms you might not know. If you are new to the world of crypto, we definitely suggest having a look through those resources. Bonuses Looking through the website, we were unable to find any information on current bonuses or promotion available. However, we believe that the broker does offer bonuses periodically because upon registration, you have the option of signing up for a newsletter and to receive special offers and promotions. There is also a personalised bonus policy for gold account holders. Customer Support Customer support is available from 5AM to 10PM Monday to Friday. You can contact a member of staff via phone, email, live chat or by filling in a support form. You can call offices in one of 5 branches in several countries, including the UK and Denmark. The email address varies depending on the reason you are contacting staff, it can be for compliance, information or support. If you wish to fill in a support form instead, you will have to type in your first and last name, phone number, email address, subject of the message and of course the content of the message. What makes Kaya FX unique? Pros: It offers 24/5 customer support. It uses MetaTrader4 and WebTrader to support trades. It offers access to relevant educational resources. It offers a great variety of assets. It is clear about the risks of crypto trading. It has a high leverage. You can choose between four different account types. Cons: It does not mention anything about its regulatory status. It does not offer a mobile app. It is not clear how much is the deposit required for each account upgrade. There is little information on bonuses. Robot Rating Properties Trade 1 Free to use 82% claimed win-rate $250 Min Deposit Accepts Debit and Credit Card Trade Now All trading carries risk More robots where you can access Kaya FX You can trade on Kaya FX through several crypto robots other than Bitcoin Trader. Remember that all investment opportunities carry a certain risk. This especially applies to cryptocurrencies, which are still relatively young in the financial markets. FAQs Is Kaya FX a scam? No. We reviewed the broker and found it to be legit and reliable. It is very transparent about the risks of crypto trading, provides detailed information on withdrawal and deposit policies and it demonstrates several efforts aimed at protecting users. For example, it offers an education section, a reliable trading platform, and efficient customer support. Is Kaya FX regulated? We are not sure what the regulatory status of Kaya FX is. However, we believe that no matter what its status is, the platform puts the protection of customers at the forefront of its operations, and that is the main role of regulatory agencies. Therefore, even if Kaya FX is not regulated, customers are still safeguarded and the broker remains a safe platform to trade on. How do I open an account with Kaya FX? To open an account on Kaya FX you will have to go on the official website and click on the 'sign up' button and access the registration form. You will have to insert your full name, select your country, insert your phone number and create a password. You can also sign up on Bitcoin Trader though. Through the crypto bot you will be able to access Kaya FX. It is much faster and easier. Is Kaya FX an auto trading robot No, Kaya FX is a robot broker. The difference between the two is that reliable robot brokers offer you a safe space to trade, but brokers do not offer you any sort of support whilst trading. Auto trading robots instead, are designed to help inexperienced investors to the point of allegedly placing the most profitable trades for them and with remarkable accuracy. Auto trading robots connect to brokers in order to make the investments. Our suggestion is to trade on Kaya FX through Bitcoin Trader to have the option of auto trading. What trading platforms does Kaya FX use? The robot broker uses MT4 and MetaTrader to support trades. These are two of the most popular trading platforms currently available and most of the reliable brokers on the market use them. They have a great reputation for their ease of use and their suitability fo all kinds of users. Are there risks when trading with Kaya FX? Yes, crypto trading is considered a risky activity no matter what platform you invest on. The cryptocurrency market is known to be highly volatile so the investments you place can never guarantee you profits. However, investing on a reliable platform will definitely improve your chances of making profits. Is there a mobile app? A mobile app is is not available. However, Kaya FX is a web-based broker so as long as you have an internet connection you can access it from any device, including smart phones, laptops and tablets. This is the case if you use WebTrader as a trading platform. If you want to use MT4, you can find a mobile app and trade on Kaya FX with that app.