Kingdom 2025 Review: Everything You Need to Know
In this comprehensive review of Kingdom, we delve into the experiences of users and expert opinions regarding this forex broker. The consensus is largely negative, with numerous reports highlighting concerns over its regulatory status and customer service. Key findings suggest that while the platform offers a variety of trading options, its lack of regulation and poor user feedback raise significant red flags.
Note: The existence of different entities operating under the "Kingdom" name across various jurisdictions complicates the assessment of this broker. This review aims to provide a fair and accurate overview based on the latest information available.
Ratings Overview
How We Rate Brokers: Our ratings are based on comprehensive analysis and user feedback, reflecting the broker's performance across various dimensions.
Broker Overview
Founded in 2022, Kingdom operates as an online trading platform that claims to provide various financial services. The broker primarily offers a web-based trading platform, allowing users to engage in forex, commodities, cryptocurrencies, and more. However, it lacks a robust regulatory framework, operating primarily in offshore jurisdictions like Saint Vincent and the Grenadines, which raises concerns about the safety of user funds.
The trading platform is not affiliated with popular systems like MT4 or MT5, which are widely recognized for their reliability and advanced features. Instead, users are often left with a subpar web trader experience, which has been criticized for its lack of functionality and security.
Detailed Analysis
Regulatory Jurisdictions
Kingdom operates without any significant regulation, which is a primary concern for potential investors. The absence of oversight from reputable regulatory bodies, such as the FCA or ASIC, means that users have little recourse in the event of disputes or issues with fund withdrawals. According to BrokerChooser, the lack of regulation is a major factor in labeling Kingdom as a high-risk broker.
Deposit/Withdrawal Methods
Kingdom allows deposits and withdrawals through various methods, including bank transfers and cryptocurrencies. However, many users have reported difficulties in processing withdrawals, which has led to negative experiences overall. The minimum deposit requirement is set at $250, which is relatively standard, but the withdrawal fees can be steep, with reports of up to 30% being charged under certain conditions.
While Kingdom offers promotional bonuses, these often come with stringent conditions that make it difficult for users to withdraw their funds. As noted by ForexBrokerz, such practices are common among unregulated brokers and should be approached with caution.
Asset Classes Available for Trading
Kingdom provides access to a variety of asset classes, including forex pairs, commodities, and cryptocurrencies. However, the quality of execution and the overall trading environment have been criticized. According to user reviews on Myfxbook, many traders have expressed dissatisfaction with the trading conditions, including high spreads and poor customer service.
Costs (Spreads, Fees, Commissions)
The trading costs associated with Kingdom are reported to be relatively high, with spreads around 0.4 pips for major currency pairs. However, these costs can be misleading, as many users have reported hidden fees that were not disclosed upfront. This lack of transparency is a significant concern, as highlighted in multiple user reviews.
Leverage
Kingdom offers leverage of up to 1:100, which can be appealing to some traders. However, this level of leverage also comes with increased risk, particularly in an unregulated environment. Many experts recommend avoiding high-leverage trading with unregulated brokers due to the potential for significant losses.
The only trading platform offered by Kingdom is a web-based trader, which lacks the features and reliability associated with more established platforms like MT4 or MT5. This limitation has been a point of contention for many users, as indicated by user feedback on various review platforms.
Restricted Regions
Kingdom appears to target a global audience, but it operates in regions where regulatory oversight is minimal. This raises concerns about the safety and security of user investments, particularly for traders in jurisdictions with strict financial regulations.
Available Customer Support Languages
Customer support has been reported as lacking, with limited availability and responsiveness. Users have expressed frustration with the inability to get timely assistance, which is critical for traders dealing with urgent issues.
Summary Ratings
Detailed Breakdown
-
Account Conditions: The minimum deposit is relatively standard, but the lack of regulation poses significant risks. User reviews indicate a lack of transparency regarding fees and withdrawal conditions.
Tools and Resources: The web-based platform is basic and lacks advanced features. Users have expressed dissatisfaction with the overall trading experience, which is not on par with industry standards.
Customer Service and Support: The support team has received poor ratings for responsiveness and effectiveness. Many users report difficulties in resolving issues, which is a major concern for traders.
Trading Setup (Experience): While the platform offers a range of assets, the execution quality and trading conditions have been criticized. Users have reported high spreads and hidden fees.
Trustworthiness: The absence of regulation and numerous negative reviews contribute to a low trust score. Users are advised to exercise caution when dealing with this broker.
User Experience: Overall user experience has been marred by poor customer service and trading conditions, leading to a negative perception of the broker.
In conclusion, the Kingdom review highlights a broker that poses significant risks to traders due to its lack of regulation, poor customer service, and overall negative user feedback. Potential investors are strongly advised to conduct thorough research and consider the risks before engaging with this broker.
