KingTrade
KingTrade: Your Trusted Partner in Binary Options Trading
KingTrade is a reputable binary options broker with a strong presence in Cyprus and a regional office in St. Petersburg. The platform is operated by KK KING OF THE BET LTD, a company with a solid track record in the industry.
Wide Range of Trading Options
KingTrade provides its clients with a diverse selection of currency pairs, including both popular and exotic options. The platform offers a detailed schedule of trading hours for each pair, ensuring transparency and convenience for traders.
Flexible Trading Accounts
KingTrade caters to traders of all levels by offering a range of account types. Clients can choose from:
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Recruit Account: Ideal for beginners with no mandatory minimum deposit, up to 86% profit, and a special offer of 1 risk-free trade for $5 out of 100 trades. Maximum number of open trades — 10.
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Elevated Account: Designed for novices with an initial deposit of $150, up to 92% profitability, and 1 risk-free trade for $10 out of 100 trades. Maximum number of open trades — 20.
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Midterm Account: Tailored for newcomers with an initial deposit of $1,000, up to 106% profitability, and 1 risk-free trade for $15 out of 100 trades. Maximum number of open trades — 30. Clients also have access to weekly webinars for continuous learning.
Advanced Trading Platform
KingTrade offers a sophisticated trading terminal that is compatible with various operating systems. While the platform requires downloading to the computer, its user-friendly interface ensures a seamless trading experience. Please note that a browser version and a mobile application are not currently available.
Effortless Account Management
Managing your account with KingTrade is simple and convenient. You can fund your account using a card, bank transfer, or popular electronic payment systems such as “Qiwi,” “Yandex.Money,” and “WebMoney.” The minimum deposit amount and currency options are not specified, and there are no additional fees for funding or opening an account.
Withdrawals are processed efficiently, with clients being able to choose the same methods as for depositing. The withdrawal process starts from $20 with a minimum of 50 trades. Please note that certain conditions apply for withdrawing bonuses, and withdrawal requests are typically processed within seven days. The withdrawal fee remains undisclosed.
Simple Registration Process
To get started with KingTrade, simply click on the “Start Trading” button and select the “Create” option to begin the registration process. Clients are required to review and accept the company’s terms outlined in the user agreement. Full access to your account is granted upon successful verification, for which you may need to provide documents like your national passport and identification number.
Final Thoughts
Choosing a reliable partner for your trading journey is crucial. With KingTrade, you can trade with confidence and peace of mind. We recommend conducting thorough due diligence and seeking expert advice to ensure a successful trading experience.
This review has been prepared by the specialists at ExpertsReview.
My experience with KingTrade has been nothing short of a nightmare. The broker demonstrated a lack of transparency and professionalism. The fees were exorbitantly high and were not explained clearly at the start of the process. Communication was poor, often taking days to receive any response to queries. Furthermore, I experienced numerous instances where my trades were not executed properly, leading to significant losses. I would strongly advise against choosing KingTrade as a broker.