Part of the Kalita-Finance Financial Group, this Russian-based Forex broker was established in 1999 and has been trading online since 2002.
Aside from its online operation, Kalita-Finance has offices in the Czech Republic and the Ukraine making it one of the most prominent brokers in Eastern Europe.
Although the site is open to a global demographic (excluding US customers), the standard currency used across the site is Russian Rubles. Although this doesn’t mean that clients with different native currencies can’t deposit money, it does mean they will be subjected to possible conversion charges when depositing and withdrawing.
Kalita-Finance.com’s Special FX:
One of the best features of this electronic broker is its low barriers to entry. In the Forex market it’s often the case that a company will impose high deposit limits on their accounts, thus making them the reserve of experienced traders.
However, at Kalita-Finance trading takes place from just $150 which is around 5,000 RUB. This small limit is offset with a generous leverage ratio which means novice traders will be able to enjoy the excitement of the FX world for just a small amount of money.
Another standout feature of this site is its mobile trading platform. Thanks to the flexibility of iTrader 8, users can log-in to their account from anywhere in the world and begin trading. The advantage of this is that it means a user can take advantage of changing market conditions much more efficiently, thus giving them more chance to cash out at the right time.
Kalita-Forex comes complete with a demo platform for aspiring traders as well as a real money account that operates through iTrader 8.
For those who choose to move beyond this broker’s practice account, the following real money conditions are available:
Minimum account size = 5,000RUB (Approximately $150)
Minimum position size = 0.01 lot
Fixed spreads from 3 pips on major currency pairs such as EUR/USD
Commission of 0.95RUB ($0.02) (one-way) per 1 standard lot
Scalping and Expert Advisors are permitted on this account.
Leverage = 1:100
Digits after the comma on currency quotes = 4
Minimum distance to stop or limit orders = 5 pips
Number of currency pairs available = 37 (including 13 exotic)
In addition to the above conditions the following features are offered as standard with this account: Hedging, overnight interest rates (swaps), pending orders, one-click trading, mobile trading and automated trading.