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KMB

South Korea|2-5 years|
Financial Service|Medium potential risk|

http://www.kmbco.com/eng/main.do

Website

Rating Index

Contact

+82 02-3706-8200
kmb_master@kmbco.com
http://www.kmbco.com/eng/main.do
12F 13F, YoungPung Bldg, 41, Cheonggyecheon-ro, Jongno-gu, Seoul 110-752

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WikiFX Risk Alerts
Previous Detection : 2024-10-03
  • The current information shows that this broker does not have a trading software. Please be aware!

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KMB · WikiFX Survey

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KMB · Company Summary

Aspect Details
Company Name Korea Money Brokerage Corp.
Registered Country/Area South Korea
Founded Year 1999
Regulation Not regulated
Tradable Assets FX Spot Trading, MAR, FX Swap, NDF, Deposit Transactions, Cross Currency Trading
Trading Platform KMB-Net
Customer Support Phone: +82 02-3706-8200, Fax: 02-3706-8280Email: kmb_master@kmbco.comAddress: 12F, 13F, YoungPoong Bldg, 41, Cheonggyecheon-ro, Jongno-gu, Seoul 03188

Overview of KMB

Founded in 1999 and based in Seoul, South Korea, KMB operates in the foreign exchange market without regulatory oversight, posing a heightened risk for traders as a result of the potential lack of safeguards for client assets and fair trading practices. KMB offers a wide range of FX services, including spot trading, market average rate transactions, swaps, non-deliverable forwards, and deposit transactions, with a focus on significant market operations such as KRW/USD and KRW/CNH pairings. Leveraging the KMB-Net system, the company delivers trade execution across the global FX market. Additionally, KMB provides crucial trading tools and a detailed database of arbitrated exchange rates for the Korean Won, demonstrating its dedication to enhancing trading efficiency and strategic decision-making for forex traders.

Overview of KMB

Is KMB legit or a scam?

KMB currently operates without financial regulatory oversight. The absence of regulation increases the risk for traders, as there are no guarantees of fair practices or safeguarding of client assets.

Is KMB legit or a scam?

Pros and Cons

KMB distinguishes itself with an advanced electronic broking system, KMB-Net, focusing on the foreign exchange market and providing products such as FX Spot, Swap, NDF, and Deposit. While it offers benefits like a certified publisher of fixing FX rates (MAR) and timely information services, the lack of regulatory oversight is a significant drawback. This absence of regulation suggests potential risks for traders, emphasizing the need for careful consideration and due diligence before engaging with the broker.

Pros Cons
  • Advanced electronic broking system (KMB-Net)
  • No regulatory oversight
  • Various FX products: Spot, Swap, NDF, Deposit
  • Limited to FX, lacks broader market instruments
  • Certified publisher of fixing FX rates (MAR)
  • No online registration procedure
  • Provides timely information services
  • Limited transparency and client protection
  • Supports electronic and voice broking options
  • No educational resources

Products

KMB excels in the foreign exchange arena, offering a nuanced array of market instruments that underscore its prowess in meeting the varied demands of its clients. Here's a detailed look at its product suite:

FX Spot Trading: KMB champions in both electronic and voice broking for FX spot transactions in key pairs like KRW/USD and KRW/CNH, underscoring the platform's commitment to precision and efficiency. This service is geared towards institutional traders, with a standard transaction unit set at USD 1 million for USD trades, showcasing KMB's focus on substantial market operations.

MAR: As an authority in publishing fixing exchange rates, KMB's MAR transactions leverage weighted-average exchange rates to foster market transparency and accuracy, particularly in won-dollar exchanges.

FX Swap: Specializing in CNH/KRW pairs, KMB's FX swap services address the strategic needs of traders looking to manage currency risk, adjust maturities, or secure speculative gains, focusing on short-term transactions up to a year.

NDF: KMB's offering of NDF contracts appeals to investors looking for exposure to less liquid or convertible currencies, facilitating settlement of rate differences without principal exchange.

Deposit Transactions: Engaging primarily with USD, JPY, and EUR, KMB's deposit transactions support the interbank market's need for foreign currency-denominated lending and borrowing, involving significant banking entities both locally and internationally.

Cross Currency Trading: Expanding its FX services, KMB trades a wide array of international currencies, enabling clients to diversify beyond the conventional USD-KRW transactions into other major currencies like JPY, EUR, and CHF.

KMB's offerings, powered by the state-of-the-art KMB-Net system, underscore its commitment to delivering superior trade execution, appealing to the dynamic needs of the global foreign exchange market.

Products

Trading Platform

KMB leverages its proprietary KMB-Net platform, engineered to meet the dynamic demands of the global forex market. This platform underpins KMB's service offerings, including FX spot trading, swaps, and NDFs, with a special focus on institutional trading efficiency and precision. KMB-Net is distinguished by its capability to provide real-time FX rate updates and a vast database of arbitrated exchange rates for a multitude of currencies relative to the KRW, ensuring that traders have access to essential market insights for strategic trading.

Trading Platform

Trading Tools

KMB provides indispensable trading tools, specifically real-time FX rate updates and a comprehensive arbitrated exchange rates database for various currencies versus the Korean Won (KRW), appealing to the nuanced needs of forex traders.

The real-time updates on USD/KRW exchange rates, including detailed transaction rates and market prices, equip traders with critical information for adeptly maneuvering through the forex market's fluctuations.

Trading Tools

Moreover, the extensive list of arbitrated exchange rates for numerous currencies enriches traders' and financial professionals' analytical capabilities, enabling nuanced currency trend analysis and strategic decision-making. These features collectively highlight KMB's dedication to enhancing trading efficiency and decision-making with comprehensive, reliable data.

Trading Tools

Customer Support

Phone: +82 02-3706-8200

Fax: 02-3706-8280

Email: kmb_master@kmbco.com

Address: 12F, 13F, YoungPoong Bldg, 41, Cheonggyecheon-ro, Jongno-gu, Seoul 03188

Conclusion

KMB boasts an advanced electronic broking system, KMB-Net, tailored for forex markets, emphasizing major operations in KRW/USD and KRW/CNH pairs. It excels with various FX offerings, including Spot, Swap, NDF, and Deposit transactions, and is recognized for its precision in publishing fixing FX rates and delivering timely information services. Nonetheless, the lack of regulatory oversight casts a shadow over these benefits, introducing significant risks related to asset safety and fair trade practices. This absence of regulation, alongside limited transparency, the absence of educational support, and a focus solely on FX products, demands comprehensive evaluation and prudence from potential traders.

FAQs

Q: What types of trading does KMB engage in?

A: KMB focuses on the forex market, providing services that include FX Spot Trading, Market Average Rate (MAR) transactions, FX Swaps, Non-Deliverable Forwards (NDFs), Deposit Transactions, and Cross Currency Trading, primarily serving institutional clients.

Q: Does any financial regulatory body oversee KMB?

A: KMB is not under the oversight of any financial regulatory authority.

Q: Are KMB's services available to individual traders?

A: KMB's offerings are tailored for institutional clients, emphasizing operations in significant market transactions and a range of products suited for extensive trading volumes.

Q: Are there educational materials for traders provided by KMB?

A: No, KMB does not offer educational materials, focusing its services on traders and institutions already well-versed in the forex market.

Q: What purpose does the KMB-Net system serve?

A: The KMB-Net system is KMB's sophisticated electronic broking platform, enhancing trade execution within the forex market through efficiency and informed strategic decision-making.

Q: How is KMB reachable for inquiries or issues?

A: KMB is accessible for contact via phone at +82 02-3706-8200, through email at kmb_master@kmbco.com, or by physical mail at their office in Seoul.

Risk Warning

Online trading poses substantial risks, with the potential for complete loss of invested capital, rendering it unsuitable for all traders. It is imperative to comprehend the inherent risks and acknowledge that the information provided in this review is subject to change due to continuous updates in the company's services and policies.

Additionally, the review's generation date is a critical consideration, as information may have evolved since then. Readers are strongly advised to verify updated details directly with the company before making any decisions, as the responsibility for utilizing the information herein rests solely with the reader.

Broker Information

Company Name

Korea Money Brokerage Corp.

Abbreviation

KMB

Regulatory Status

Regulated

Platform registered country and region

South Korea

Company website
Type of License

Description of Approved License Type

Type I

The financial instrument business deals with highly liquid securities and provides derivative transactions, which have characteristics.

As mentioned above, the main business content of the first type of financial instrument business operators can be roughly summarized as securities business (securities, securities CFD, etc.), financial futures business (FX), derivative trading business related to cryptocurrencies, securities management, etc. The work can be divided into four categories.

Type II

The financial instrument business basically refers to funds (shares of collective investment plans), trust beneficiary rights with lower liquidity, that is, financial instrument transactions excluding major securities such as stocks and corporate bonds. These are referred to as "equivalent securities" in the various items listed in the second paragraph of Article 2 of this Sale Business Law (hereinafter referred to as "equivalent securities").

In addition, the self-issuance (private placement and public offering) of certain securities such as investment trust beneficiary rights that are not regarded as securities, currency-related market derivative transactions, etc. are also positioned as Type II financial instrument business.

Phone of the company
  • +82 02-3706-8200

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YouTube

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Company address
  • 12F 13F, YoungPung Bldg, 41, Cheonggyecheon-ro, Jongno-gu, Seoul 110-752

Linkedin

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WhatsApp

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QQ

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WeChat

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Customer Service Email Address
  • kmb_master@kmbco.com

Company Summary

Review

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