Is Kato Prime Scam or Legit Broker?

No, it is not safe to trade with Kato Prime. The broker is registered in offshore zone New Horizon Building, Ground Floor, 3 1/2 Miles Philip S.W. Goldson Highway, Belize City, Belize, with the IFSC: 000392/228 registration number. However, Belize is an offshore zone and brokers with a Belize license are not safe and trustworthy enough. 

  • The Belize license fee is relatively low compared to top-tier authorities, and getting one is quite easy. Besides, the regulatory body does not set many requirements before the financial firms. Thus, signing in with a broker holding only a Beize license is not safe. Very often offshore brokers turn out to be scams, which puts the traders' investments at risk. Read more about why to avoid IFSC brokers from Belize.

About Kato Prime
🗺️ Registered inBelize
🗺️ Type of LicenseOffshore
🛡️ Is Kato Prime safe to trade?No
🗺️ Recommended LicensesFCA in the UK 🇬🇧 and ASIC in Australia 🇦🇺
🖥 Alternative BrokerFP Markets - licensed by ASIC in Australia

What is Kato Prime?

Kato Prime login provides access to trade Stocks, Indices, Commodities, Cryptocurrencies, and Foreign Exchange. The broker is registered in Belize. However, Belize is an offshore zone, and signing in with the broker might put the trader's investments at risk. 

  • In general, brokers registered in offshore zones such as Belize are not reliable. Although the authority has developed certain rules and requirements to oversee the companies registered in the zone, they are still quite lax in comparison with world-known authorities. Usually, offshore brokers still manage to run investment spam. 
  • The other red flag with Kato Prime is its withdrawal issues. There are many negative reviews from traders in this respect. In many instances, traders are not able to withdraw their profits or investments. 
  • If engaging in Forex Trading, then only with a safe broker with tight regulations. It is wise to choose brokers with FCA or CySEC licenses. These authorities have very strong rules and guidelines. Getting a license with them requires stable capital and registration fee is rather high. Yet, they provide compensation and negative balance protection. For instance, FCA provides up to £85 000. 

Kato Prime

Overall Kato Prime Ranking

Based on the revelations we were able to come up with regarding Kato Prime safety and regulations issues, we do not rank positively Kato Prime, based on our Expert Opinion with over 10 Years of experience in Forex Trading due to its lack of regulation and many negative reviews from traders.  

  • Kato Prime Overall Ranking is 3 out of 10 based on our testing and compared to 500 other brokers, see Our Ranking below compared to other popular and industry Leading Brokers.

RankingKato PrimeHFMTickmill
Our Ranking⭐⭐⭐⭐⭐⭐⭐⭐⭐⭐
Is Broker safe? NoYesYes
AdvantagesNoneTrading ConditionsTrading Instruments

Kato Prime Alternative Brokers

Taking into account our findings of Kato Prime reliability and safety issues, here are much better Alternatives to Kato Prime with tight regulations and favorable conditions. We select Good Brokers and reliable options for your comparison below:   

  • AvaTrade – Good Instruments and CopyTrading
  • Pepperstone – Low Spreads and Competitive Trading Conditions
  • XM – Wide Range of Trading Opportunities

Account Types

Kato Prime offers its clients several account options: Advanced Account MT4, Raw Premium Account MT5, and Platinium Account MT5. With the Advanced option, the minimum deposit starts from $15, $50 for Raw Premium, and $3,000 for Platinium Account respectively. Kato Prime also offers a Demo account. It is especially a favorable chance for beginner traders, enabling them to practice trading before starting real trades and investing real money. 

  • By signing with Kato Prime traders gain access either to MT4 or MT5  platforms, which are the most demanded platforms in Forex trading. 

Deposits and Withdrawals

With Kato Prime, it is possible to fund the accounts via Credit/Debit cards and Wire transfers. The minimum deposit with the broker is $15. However, there are numerous complaints from traders regarding its deposits and withdrawals. 

  • Besides, the broker does not specify any rules and steps regarding the withdrawal process. This is a big drawback, as withdrawal of the funds is an important moment in Forex trading, and if there are problems with the process clients are at risk of losing their profits and investments. 

Kato Prime Review Conclusion

We found that Kato Prime is not a reliable broker as it has only a Belize license, which is an offshore zone. The offerings of the broker might seem attractive and favorable, however, offshore brokers are not reliable. Most often, unregulated or offshore brokers are spam. We strongly recommend choosing brokers with UK’s FCA or Australian ASIC and signing in with reliable brokers such as TickmillInteractive Brokers, and HFM.

  • Overall ranking and experience for Kato Prime is Negative

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