Kings Option Trade

Kings Option Trade Ltd is a Cyprus-registered company, incorporated on 24 November 2023, with its registered office at 162 Fragklinou Rousvelt, 1st Floor 3045, Limassol, Cyprus. The company presents itself as a regulated broker offering trading on forex, indices, energies, and precious metals, with leverage up to 1:100 and spreads from 0.2 pips on the MT5 platform. According to our records, the minimum deposit is 500 USD/EUR/GBP or 50,000 JPY.

In FXCanary's assessment, the company is relatively new, having been in operation for only a short period. Its official domain is kingsoptiontrade.com, and our records show no clone or impersonator sites detected. However, we note that the company reports zero employees, which is an unusual characteristic for a broker claiming to offer active trading services.

Our records list one licence for Kings Option Trade Ltd, attributed to the Cyprus Securities and Exchange Commission (CySEC), with the licence type described as 'Forex Execution License (STP)' and licence number 171/12. The status of this licence is marked as '—' in our records, meaning we do not have a confirmed active status. We cross-checked this licence number against our internal registry data, but we cannot verify its current validity from public sources alone.

It is important to note that the licence number 171/12 is a CySEC reference that we have on file, but we have not been able to independently confirm it against the public register. Traders should exercise caution and verify any regulatory claims directly with the relevant authority. The company's own description states it is 'regulated', but our independent verification is limited by the lack of public information.

Kings Option Trade offers three account types, each with a minimum deposit of 500 USD equivalent. The 'KINGS OPTION TRADE ISLAMIC' account features a minimum spread from 1.2 pips, with no commission disclosed. The 'KINGS OPTION TRADE STANDARD' account has a minimum spread from 1.0 pips and no commission. The 'KINGS OPTION TRADE RAW' account offers a minimum spread from 0.2 pips and charges a commission of $3.75 USD per side.

According to the company description, trading is available on forex, indices, energies, and precious metals, with leverage up to 1:100. The platform is stated to be MT5. However, our records do not specify the full list of instruments or the maximum leverage for each account type, as those fields are marked as '--' in our data.

The broker lists several deposit methods, including bank transfer, VISA, Mastercard, and Skrill. For withdrawals, the methods include VISA, Mastercard, bank transfer, and Neteller. These methods are typical for retail forex brokers, though the availability and processing times are not disclosed in our records.

We note that the company description mentions a minimum deposit of 500 USD/EUR/GBP or 50,000 JPY, which is consistent across all account types. There is no information on withdrawal fees or processing times, which is a common gap for brokers with limited public information.

In FXCanary's assessment, Kings Option Trade presents a guarded risk profile, with a Scam Risk Score of 40 out of 100. The primary risk flag is 'No verifiable website or social-media presence', which is a significant concern for a broker claiming to offer trading services. This lack of verifiable online presence makes it difficult for traders to assess the broker's credibility and track record.

Additionally, the company reports zero employees, which raises questions about its operational capacity. While the company is registered in Cyprus, a jurisdiction with a well-known regulatory framework, the lack of confirmed regulatory status and the absence of independent reviews mean that traders should approach this broker with caution. We recommend thorough due diligence before committing any funds.

Based on the available information, Kings Option Trade appears to target retail traders interested in forex and CFD trading, with a relatively high minimum deposit of 500 USD. The availability of an Islamic account suggests an intention to serve clients who require swap-free trading options, which is common in the Middle East and other regions.

However, given the limited public information and the guarded risk score, this broker may not be suitable for conservative traders or those seeking a well-established, fully verified broker. Traders with a higher risk tolerance might consider it, but only after conducting their own independent checks and understanding the potential risks involved.