Kestrel Trading review

Kestrel Trading is a specialist. If you already know what a lot size is and care about execution latency, this is the most complete offer on our list.

Who it suits

Active forex and index traders, algorithmic traders running Expert Advisors, and anyone who wants cTrader or a FIX API.

Costs in practice

The Raw account charges $7 round-turn per lot on top of near-zero spreads, which works out cheaper than a spread-only account for most strategies. A Standard account with wider spreads and no commission exists for smaller traders.

Platform and tools

Kestrel does not push a proprietary platform; instead it hosts MT4, MT5, cTrader and TradingView with identical pricing across all four. VPS hosting is free above a modest monthly volume.

Safety

Client funds are segregated at tier-one banks and the group publishes its execution statistics quarterly, which is rare at this size.

Fees at a glance

Summary	Raw spreads from 0.0 pips + $3.50 per lot per side
Spread from	0.0 pips EUR/USD (Raw account)
Commission	$3.50 per standard lot, per side
Inactivity fee	None
Withdrawal fee	Free
Minimum deposit	$200

Regulation

Regulator	Jurisdiction	Licence
ASIC Australian Securities and Investments Commission	Australia	AFSL 000000 (sample)
FCA Financial Conduct Authority	United Kingdom	FRN 000000 (sample)
DFSA Dubai Financial Services Authority	DIFC, UAE	F00000 (sample)
FSCA Financial Sector Conduct Authority	South Africa	FSP 00000 (sample)

Always confirm the licence on the regulator's own register before depositing. Here is how.

Features

• ✓ Demo account
• ✓ Copy trading
• — Fractional shares
• ✓ MetaTrader 4
• ✓ MetaTrader 5
• ✓ TradingView
• ✓ cTrader
• ✓ Swap-free account
• — Interest on cash
• — Savings plans
• ✓ Trading API
• — Options trading