Kitco allows clients to open an account with as little as $200 USD or currency equivalent.
Account FAQs
What account types do Kitco offer?
Raw Spread Account: This account shows the Raw inter-bank spread received from our liquidity providers. There is a commission charge of $5 per standard lot round turn.
Standard Account: We do not charge a commission on Standard accounts, but instead there is a mark up applied to the spread from liquidity providers. Above the raw Inter-bank rate received from our Liquidity providers.
Can I open a Demo account first?
Yes, of course. We actively encourage clients to test our demo environment first. You can register via the following link:
How long does it take to open an account?
Please allow our team up to one business day to verify your documents, however, we will aim to have your account open within the hour.
What documents do I need to open an account?
We require a proof of identity and a proof of residence document from you. Proof of identity can be a valid passport, driving license or national ID card. As a proof of residence, we can accept a utility bill or bank statement showing your full name and address, and that is dated within the last six months.
Why do I need to submit my documents for account verification?
This is due to obligatory ‘Know your Client’ (KYC) procedures that we must follow, in accordance with international Anti Money Laundering (AML) regulations.
Can I open a trading account in the name of my company?
Yes, you can as part of our Know Your Customer (KYC) procedure and Anti-Money Laundering (AML) requirements you are required to provide us with your identification.
You will need to submit the documents as outlined below in addition to providing 100 points of ID for each director.
Company Information
1. Copy of your company’s constitution or articles or incorporation
2. Certificate of Incorporation
3. Details of directors and shareholders
4. Company proof of address (utility bill or bank statement no older than 3 months)
All proof of residence documents must be no older than 90 days.
How do I update my address details?
To update your residential address details, please contact us using your registered email at info@kitcomarkets.com including your latest residential proof of address stating your name and new address. The statement must be within 90 days.
How do I provide my ID documents?
Documents must be uploaded via your Client Portal or contact your account manager or email accounts@kitcomarkets.com