Kings Option Trade Forex Broker

Kings Option Trade Review SummaryFounded2022Registered Country/RegionCyprusRegulationCYSEC (Suspicious Clone)Market InstrumentsForex, indices, energies, precious metalsDemo Account✅Islamic Account✅LeverageUp to 1:30 (retail)/1:100 (professional)EUR/USD SpreadFrom 0.2 pipsTrading PlatformMT5Minimum Deposit500 USD/EUR/GBP or 50,000 JPY Customer SupportLive chatEmail: support@kingsoptiontrade.comAddress: 162 Fragklinou Rousvelt, 1st Floor 3045, Limassol, CyprusFacebook, Instagram, TwitterKings Option Trade Information 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 and ConsPros Cons Demo accountsSuspicious clone CySEC licenseMultiple account typesLimited trading marketsMT5 platformHigh minimum depositPopular payment methodsNo deposit feesLive chat supportIs Kings Option Trade Legit? Kings Option Trade offers negative balance protection for retail accounts. However, it currently only holds a suspicious clone CySEC license.Regulated CountryRegulatorCurrent StatusRegulated EntityLicense TypeLicense No.CyprusCYSEC (Cyprus Securities and Exchange Commission)Suspicious CloneX Global Markets LtdStraight Through Processing (STP)171/12What Can I Trade on Kings Option Trade? 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❌Account Type Kings Option Trade offers raw account, standard account, Islamic account, corporate account, professional client account. Besides, demo accounts are also available.LeverageTrading InstrumentsProfessionalRetail FX Majors1:1001:30FX Minors1:20GoldIndicesCommodities1:501:10 Please note that high leverage can amplify not only profits but also losses.Kings Option Trade FeesTrading SymbolSpreadEUR/USDFrom 0.2 pipsGBP/USDUSD/JPYNZD/USDFrom 0.4 pipsAUD/USDFrom 0.3 pipsUSD/CADAccount TypeCommissionRaw$3.75 per sideStandard0IslamicCorporateProfessional Client/Trading PlatformTrading PlatformSupported Available Devices Suitable for MT5✔Windows PC, Mac OS X, iPhone, iPad, Android Phone, Android TabletExperienced tradersMT4❌/BeginnersDeposit and Withdrawal Kings Option Trade accepts payments via visa, MasterCard, bank wire, Skrill, Neteller and internal transfer. Deposit Options Deposit Options Account Base CurrencyMinimum DepositDeposit FeesDeposit TimeVISAUSD, EUR, GBP5000InstantMasterCardBank WireUSD, EUR, GBP, NOK, CHF500 USD/EUR/GBP/CHF, 5,000 NOK1-5 business daysSkrillUSD, EUR, GBP500InstantNetellerEUR, GBPInternal TransferUSD, EUR, GBP, CHF, NOK024 hours Withdrawal Options Withdrawal Options Account Base CurrencyMinimum Withdrawal Withdrawal FeesWithdrawal TimeVISAUSD, EUR, GBP002-5 business daysMasterCardBank WireUSD, EUR, GBP, NOK, CHF100 USDFull amount sent, bank fees shared1-5 business daysSkrillUSD, EUR, GBP01 free withdrawal per month24 hoursNetellerEUR, GBPInternal TransferUSD, EUR, GBP, CHF, NOK0