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Pros

Offers a demo account for risk-free practice, allowing new traders to familiarize themselves with the platform.
Low minimum deposit requirement of $20 for live trading, making it accessible for beginners.
Provides a range of account types catering to different trading levels and preferences.

Cons

Lacks valid regulatory oversight, which raises concerns about the safety and security of funds.
Difficulties reported by users in withdrawing funds, indicating potential issues with liquidity and customer support.
Official website is currently inaccessible, leading to a lack of transparency and information for potential clients.

KING TRADE broker Accounts

KingTrade Account Type

KingTrade offers three different types of accounts tailored for traders at various experience levels:

  • Recruit Account:
    • Ideal for beginners.
    • No mandatory minimum deposit required.
    • Profit potential of up to 86%.
    • Special offer: 1 risk-free trade for $5 out of 100 trades.
    • Maximum number of open trades: 10.
    • Elevated Account:
      • Designed for novices.
      • Requires an initial deposit of $150.
      • Profit potential of up to 92%.
      • Special offer: 1 risk-free trade for $10 out of 100 trades.
      • Maximum number of open trades: 20.
      • Midterm Account:
        • Tailored for newcomers.
        • Requires an initial deposit of $1,000.
        • Profit potential of up to 106%.
        • Special offer: 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.

        KingTrade Broker Account Opening Process

        To open an account with KingTrade, follow these steps:

        • Visit the Website: Click on the “Start Trading” button on the KingTrade website.
        • Create an Account: Select the “Create” option to begin the registration process.
        • Review Terms: Clients must review and accept the companys terms outlined in the user agreement.
        • Provide Information: Fill out the required personal information, including your national passport and identification number for verification.
        • Account Verification: Full access to your account is granted upon successful verification of the provided documents.
        • Fund Your Account: You can fund your account using various methods, including card, bank transfer, or popular electronic payment systems. The minimum deposit amount is not specified.
        • Start Trading: Once your account is funded and verified, you can begin trading on the KingTrade platform.
        • For withdrawals, the process starts from $20 with a minimum of 50 trades, and requests are typically processed within seven days.

KING TRADE accounts can be viewed for products that can be traded accounts with a minimum deposit of by (2+) .
KING TRADE Account