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Rating Index
Pros
Offers a variety of trading options that may appeal to diverse trading strategies.
User-friendly trading platform that could be suitable for beginners.
Potential for high returns, which can attract traders looking for significant profits.
Cons
Unregulated status raises significant concerns regarding safety and reliability of funds.
Numerous complaints about withdrawal issues and unresponsive customer service.
Lack of transparency regarding trading conditions, fees, and commissions, leading to unexpected costs for traders.
KING FINANCIAL SERVICES broker Accounts
King Financial Services Account Type
King Financial Services offers various account types tailored to different investment needs. The available account types include:
- Bronze Account
- Deposit Range: $500 - $5,000
- Spreads: From 3.3 pips
- Leverage: 1:300
- Support: Live chart support
- Silver Account
- Deposit Range: $5,000 - $20,000
- Spreads: From 3.3 pips
- Leverage: 1:500
- Support: Live chart support
- Gold Account
- Deposit Range: $25,000 - $35,000
- Spreads: From 2.2 pips
- Leverage: 1:700
- Support: Live chart support
- Platinum Account
- Deposit Range: $35,000 - Any amount
- Spreads: From 1.5 pips
- Leverage: 1:1000
- Support: Live chart support
- Executive Account
- Deposit Range: $50,000 - Any amount
- Spreads: From 1.2 pips
- Leverage: 1:1000
- Support: Live chart support
- Application Submission:
- Clients can open accounts either at the branch or head office.
- Use physical account opening forms for the application.
- Identity Verification:
- KIFS staff will verify the applicant's identity.
- A photograph and proof of identity documents must be provided.
- Document Verification:
- Verification of the client's PAN number and bank account details.
- KYC registration agency (KRA) and Central KYC (CKYC) status will be checked.
- Required Documents:
- PAN card
- Valid address proof
- Bank account details (cheque copy and bank passbook copy if the name is not printed on the cheque)
- Passport size photographs
- KRA Validation:
- A valid mobile number and email address are required for KRA validation.
- Account Opening Confirmation:
- Once all documents are verified, the account will be successfully opened.
- A welcome letter will be sent to the clients registered email address with important account details.
- Completion:
- The process is complete once all verifications are conducted and the welcome letter is sent.
King Financial Services Broker Account Opening Process
To open an account with King Financial Services, follow these steps:
For more detailed information, you can visit the official website of King Financial Services.
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