kingsoptiontrade.com has been flagged by Cyprus Securities and Exchange Commission for "Unregistered/Unlicensed entity offering financial products or services". This company appears in our regulatory warnings database. Always verify with official regulatory sources before investing or doing business with this firm. Website domain: kingsoptiontrade.com.
I signed up with kingsoptiontrade.com after a family member had a good experience and the first red flag was the aggressive account manager who would not stop calling. After depositing, the promised support vanished. Withdrawals are delayed with endless excuses. I have reported them to the regulator.
Pros: Market news feed|Excellent charting
Cons: Limited ETF selection|No live chat on mobile
Several red flags with kingsoptiontrade.com: (1) They promise unrealistically high returns, (2) They're not registered with Cyprus Securities and Exchange Commission, (3) Their contact information is vague, (4) They pressure you to deposit quickly. I recommend everyone do thorough due diligence before investing with any company.
Pros: Website looks legitimate on the surface
Cons: Flagged by Cyprus Securities and Exchange Commission|Cannot verify credentials
If you are reading this considering kingsoptiontrade.com - run. I wish I had read more negative reviews after doing extensive research. I thought the positive ones were real. Maybe some are. My experience over for just over a year has been so bad I feel obligated to warn others. Do not make my mistake.
Pros: Copy trading available|Good mobile app|Demo account available|Clear documentation
Cons: Research section could be deeper|No dark mode on mobile
I experienced a security concern with my kingsoptiontrade.com account and reported it immediately. Their response time was inexcusable for a financial platform. It took them four days to acknowledge my report and another week to actually address it.
Pros: Personal attention|Clear documentation
Cons: Research section could be deeper
For anyone considering kingsoptiontrade.com, please be aware that this company has been flagged by Cyprus Securities and Exchange Commission. This does not necessarily mean they are a scam, but it does mean they may not be authorized to operate in certain jurisdictions. I strongly recommend checking the official regulator website before making any investment decisions.
Cons: Flagged by international regulators|Due diligence required
kingsoptiontrade.com advertises low fees but once you dig into the fine print, there are numerous charges that add up quickly. Inactivity fees, withdrawal fees, currency conversion fees - it all eats into your returns. I wish I had read the terms more carefully.
Pros: Dividend tracking|Demo account available|Economic calendar|Clear documentation
Cons: No fractional shares|Minor UI glitches occasionally
After doing some research AFTER the fact (I know, I should have done this first), I discovered that kingsoptiontrade.com is not authorized by any legitimate financial regulator. They are operating illegally. The website looks very professional but it's all a facade. Please check the regulatory warnings database before investing with ANY company.
Pros: Initially responsive customer service
Cons: Cannot withdraw funds|Not regulated|Pressure tactics
Their two-factor authentication was optional when I joined. I enabled it. Later I lost my phone and could not log in. kingsoptiontrade.com recovery process took 3 weeks and required notarized documents. By then I had missed important trades. Their security is your inconvenience.
Pros: Fast execution|Copy trading available|Good analytical tools|Real-time alerts
Cons: No live chat on mobile
After doing some research AFTER the fact (I know, I should have done this first), I discovered that kingsoptiontrade.com is not authorized by any legitimate financial regulator. They are operating illegally. The website looks very professional but it's all a facade. Please check the regulatory warnings database before investing with ANY company.
Cons: Lost entire investment|Reported to authorities|Unresponsive