Number of new users
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The proportion of funding
6 months
King Trade requires a minimum deposit of $20 for live trading accounts, which is relatively low compared to many other brokers in the industry. This low entry point allows new traders to start with minimal financial risk, making the platform accessible to a broader audience.
King Trade offers various account types, each with different minimum deposit requirements. Heres a breakdown:
While the minimum deposit is uniform at $20, regional availability of deposit methods may vary, impacting user experience. Traders in certain regions may face challenges accessing specific payment options.
Compared to competitors, King Trade's minimum deposit is quite low. For instance, many established brokers require deposits ranging from $100 to $500. This positions King Trade as an attractive option for new traders looking to minimize initial investment risks.
King Trade offers a variety of deposit methods to facilitate easy and flexible funding of trading accounts. Heres an overview of the available options:
King Trade supports multiple deposit currencies, including USD, EUR, and GBP, providing flexibility for international traders.
For speed and efficiency, using credit/debit cards or e-wallets is recommended, as they offer instant processing times and typically incur no fees.
To deposit funds into your King Trade account, follow these steps:
If applicable, the mobile app process mirrors the website:
Funds are typically credited to your King Trade account instantly for card and e-wallet deposits, while bank transfers may take 1-5 business days.
1. What is the minimum deposit for King Trade?
The minimum deposit is $20 for live trading.
2. What deposit methods are available?
You can deposit via bank transfer, credit/debit cards, e-wallets, and local payment methods.
3. How long does a deposit take to process?
Deposits via credit/debit cards and e-wallets are instant, while bank transfers can take 1-5 business days.
4. Are there any fees for deposits?
Most deposit methods are free, but it's advisable to check specific terms for your chosen method.
5. Can I withdraw funds using the same method as my deposit?
Yes, withdrawals are typically processed using the same method used for deposits.
This comprehensive guide provides essential information on King Trade's deposit requirements, methods, and processes, ensuring that traders can navigate their funding options effectively. For any specific queries or issues, it's advisable to contact King Trade's customer support for assistance.