Score
KING TRADE
China|2-5 years| https://kingtrade.io/
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No valid regulatory information, please be aware of the risk!
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40G
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KING TRADE
KING TRADE
China
Pyramid scheme complaint
Expose
Check whenever you want
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- It has been verified that this broker currently has no valid regulation. Please be aware of the risk!
- The current information shows that this broker does not have a trading software. Please be aware!
WikiFX Verification
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KING TRADE · Company Summary
Note: You can't access KING TRADE's official website: https://kingtrade.io/ right now.
KING TRADE Information
KING TRADE started in 2014 as an unregulated broker company with registration in China. The company offers a demo account for risk-free practice. A minimum deposit of $20 is required for live trading.
Is KING TRADE Legit？
KING TRADEis seen to operate without regulatory control. Lack of regulation might increase risks among investors as no established framework for monitoring and ensuring fair practices exist.
Downsides of KING TRADE
- Unavailable Website
KING TRADEs official website cannot be accessed at present. You can't get more information from the website.
- Lack of Transparency
Investor understanding regarding what KING TRADEremains limited due to insufficient information concerning this platforms operations and dependability.
- Regulatory Concerns
The company doesn't have any regulation, which makes it hard to trust its overall integrity and protect investors interests at large thus such matters have left its regulative position in doubt.
- Withdrawal Difficulty
A user on WikiFX left a report on using the application where he cited many challenges in the process of withdrawal of funds. This concern was still unsolved after one week and more with the request still pending.
Negative KING TRADE Reviews on WikiFX
On WikiFX, “Exposure” is indicated as a word of mouth; gotten from the users.
The recommendation for traders is to check the information and risks before engaging in dealing with the unregulated platform. If fraudulent brokers persist, you can report in our Exposure section and our team will help to solve such problems.
As of now, there was 1 piece of KING TRADE exposure in total. I will introduce it.
Exposure 1. Alleged Scam
| Classification | Alleged Scam |
| Date | September 20, 2021 |
| Post Country | South Africa |
Conclusion
Using a non-regulated platform like KING TRADEcan lead to security issues. For that reason, investors are advised to select regulated brokers that ensure transparency in their operations as well as legal compliance with the law when it comes to investments. Look out for platforms monitored by recognized regulatory bodies because they are much safer trading bases.
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