Kato Prime is a brokerage firm that provides trading services in stocks, ETFs, and CFDs for investors. The official website of Kato Prime is https://katoprime.com/, and the website is available in Simplified Chinese, English, German, Malay, Hindi, Urdu, and Arabic.
Company Background:
Information on the Kato Prime website indicates that the company is registered in Hong Kong. The query results from the Integrated Companies Registry Information System (ICRIS) of the Hong Kong Companies Registry confirm the authenticity of this registration information. Additionally, according to Whois query results, the domain for the official website was registered on January 6, 2021, indicating a registration period of over two years.
Account Registration:
Kato Prime provides registration links for both real and demo accounts on its official website. The registration process for a real account involves clicking on "Open Live Account" on the Kato Prime homepage to enter the registration page. Users need to fill in required information such as name, date of birth, country, phone number, and email to complete the registration. The registration process for a demo account involves clicking on "Try demo" on the Kato Prime homepage and providing the necessary information. It's important to note that the registration pages for real and demo accounts are the same. Additionally, the account registration page on the Kato Prime website supports Simplified Chinese, English, German, Malay, and other languages.
Account Types:
According to the information on the Kato Prime website, the company offers three different types of trading accounts: K's Advanced Account, K's Raw Premium Account, and K's Raw Platinum Account. The website provides differences in terms of minimum deposit, spreads, target audience, and commissions for these three account types.
Trading Products:
Kato Prime offers trading products in stocks, ETFs, and CFDs, as indicated on its official website. However, the website does not specify the exact trading products covered in these categories, nor does it provide information on spreads, commissions, margin ratios, contract sizes, overnight interest, or trading hours for these products.
Margin Ratios:
Kato Prime only displays the highest leverage ratio of up to 1:2222 on its homepage. However, the website does not provide information on the margin ratios for the three different types of trading accounts (K's Advanced Account, K's Raw Premium Account, K's Raw Platinum Account) or the margin ratios for specific trading products in stocks, ETFs, and CFDs.
Trading Time:
The Kato Prime website does not provide information on the trading hours for specific trading products in stocks, ETFs, and CFDs.
Deposits and Withdrawals:
Kato Prime supports various channels or methods for deposits and withdrawals, including banks in Malaysia, Indonesia, Vietnam, Thailand, PayVersa, AwePay, FasaPay, Credit, Debit Card, etc. The website also provides information on supported currencies, processing times, and exchange rates for different channels or methods.
Trading Software:
According to the information on the Kato Prime website, the company offers two trading software options for investors: Meta Trader 4 (MT4) and Meta Trader 5 (MT5). Kato Prime's MT4 and MT5 trading software is available for desktop (Windows/MacOS) and mobile (iOS/Android). However, there are reported issues with downloading and installing the Android versions of the MT4 and MT5 software in certain countries or regions.
Regulatory Information:
The Kato Prime website indicates that the company is regulated or authorized by the International Financial Services Commission (IFSC) of Belize. The query results from the IFSC website confirm that the company is regulated or authorized by the IFSC of Belize.
Summary:
Kato Prime is a brokerage firm operating legitimately. Although Kato Prime does not provide detailed information on the differences between account types and specific trading products, the query results from the Hong Kong Companies Registry (ICRIS) confirm the authenticity of the company's registration information. Additionally, the query results from the International Financial Services Commission (IFSC) website confirm the authenticity of the regulatory information. Based on these findings, Kato Prime appears to be a brokerage firm operating legitimately. TraderKnows reminds you to be mindful of your financial security and to avoid falling into fraudulent traps.
