Score
Cyprus
|
2-5 years
| https://kingsoptiontrade.com
Website
Rating Index
LicensesLicensed Entity：X Global Markets Ltd
License No. 171/12
Cyprus
kingsoptiontrade.com United States| Kings Option Trade Review Summary | |
| Founded | 2022 |
| Registered Country/Region | Cyprus |
| Regulation | CYSEC (Suspicious Clone) |
| Market Instruments | Forex, indices, energies, precious metals |
| Demo Account | ✅ |
| Islamic Account | ✅ |
| Leverage | Up to 1:30 (retail)/1:100 (professional) |
| EUR/USD Spread | From 0.2 pips |
| Trading Platform | MT5 |
| Minimum Deposit | 500 USD/EUR/GBP or 50,000 JPY |
| Customer Support | Live chat |
| Email: support@kingsoptiontrade.com | |
| Address: 162 Fragklinou Rousvelt, 1st Floor 3045, Limassol, Cyprus | |
| Facebook, Instagram, Twitter | |
Kings Option Trade is a regulated broker, offering trading on forex, indices, energies, precious metals with leverage up to 1:100 and spread from 0.2 pips on the MT5 platform. The minimum deposit requirement is 500 USD/EUR/GBP or 50,000 JPY.
| Pros | Cons |
| Demo accounts | Suspicious clone CySEC license |
| Multiple account types | Limited trading markets |
| MT5 platform | High minimum deposit |
| Popular payment methods | |
| No deposit fees | |
| Live chat support |
Kings Option Trade offers negative balance protection for retail accounts. However, it currently only holds a suspicious clone CySEC license.
| Regulated Country | Regulator | Current Status | Regulated Entity | License Type | License No. |
| Cyprus | CYSEC (Cyprus Securities and Exchange Commission) | Suspicious Clone | X Global Markets Ltd | Straight Through Processing (STP) | 171/12 |
Kings Option Trade offers trading on forex, indices, energies, and precious metals.
| Tradable Instruments | Supported |
| Forex | ✔ |
| Indices | ✔ |
| Energies | ✔ |
| Precious metals | ✔ |
| Stocks | ❌ |
| Cryptos | ❌ |
| Bonds | ❌ |
| Options | ❌ |
| ETFs | ❌ |
Kings Option Trade offers raw account, standard account, Islamic account, corporate account, professional client account. Besides, demo accounts are also available.
| Trading Instruments | Professional | Retail |
| FX Majors | 1:100 | 1:30 |
| FX Minors | 1:20 | |
| Gold | ||
| Indices | ||
| Commodities | 1:50 | 1:10 |
Please note that high leverage can amplify not only profits but also losses.
| Trading Symbol | Spread |
| EUR/USD | From 0.2 pips |
| GBP/USD | |
| USD/JPY | |
| NZD/USD | From 0.4 pips |
| AUD/USD | From 0.3 pips |
| USD/CAD |
| Account Type | Commission |
| Raw | $3.75 per side |
| Standard | 0 |
| Islamic | |
| Corporate | |
| Professional Client | / |
| Trading Platform | Supported | Available Devices | Suitable for |
| MT5 | ✔ | Windows PC, Mac OS X, iPhone, iPad, Android Phone, Android Tablet | Experienced traders |
| MT4 | ❌ | / | Beginners |
Kings Option Trade accepts payments via visa, MasterCard, bank wire, Skrill, Neteller and internal transfer.
Deposit Options
| Deposit Options | Account Base Currency | Minimum Deposit | Deposit Fees | Deposit Time |
| VISA | USD, EUR, GBP | 500 | 0 | Instant |
| MasterCard | ||||
| Bank Wire | USD, EUR, GBP, NOK, CHF | 500 USD/EUR/GBP/CHF, 5,000 NOK | 1-5 business days | |
| Skrill | USD, EUR, GBP | 500 | Instant | |
| Neteller | EUR, GBP | |||
| Internal Transfer | USD, EUR, GBP, CHF, NOK | 0 | 24 hours |
Withdrawal Options
| Withdrawal Options | Account Base Currency | Minimum Withdrawal | Withdrawal Fees | Withdrawal Time |
| VISA | USD, EUR, GBP | 0 | 0 | 2-5 business days |
| MasterCard | ||||
| Bank Wire | USD, EUR, GBP, NOK, CHF | 100 USD | Full amount sent, bank fees shared | 1-5 business days |
| Skrill | USD, EUR, GBP | 0 | 1 free withdrawal per month | 24 hours |
| Neteller | EUR, GBP | |||
| Internal Transfer | USD, EUR, GBP, CHF, NOK | 0 |
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