TraderKing is an online financial services provider that provides clients with the convenience of being able to trade CFDs on forex, stocks, indices, commodities, futures, and cryptocurrencies from one account. Trades are carried out via the sophisticated MetaTrader 4 trading platform that is available in desktop, web, and mobile versions. Traders have access to TraderKing’s 24/7 online support and online educational materials.
TraderKing Review, Pros & Cons
- User-friendly MetaTrader platforms
- Multiple financial instruments
- Educational resources
- Multiple trading account options
- Broker is not regulated
- No USA traders
- No standalone trading tools
- Limited account funding options
- Not the lowest spreads
- Minimum $250 deposit
In this detailed TraderKing review, our online broker research team has covered some of the most important aspects for you to consider when choosing the best broker for your online trading needs.
Operating from Kingstown, Saint Vincent and the Grenadines, TraderKing is an online forex and CFD broker that gives its clients the opportunity to trade over 100 financial instruments via the MT4 trading platform. They offer access to some learning tools and also provide a client support team to assist traders. There are multiple trading account options to choose from.
There is no regulatory information on the broker’s website at the moment, which may discourage some traders from opening an account with them. Many experts and professionals would not trade with an unregulated broker as they cannot offer the same protection to investors that a regulated brokerage firm can. Please see our trading broker reviews for alternative regulated brokers.
Traders from different parts of the globe are allowed to open a live trading account with TraderKing if their countries of residence permit online trading with international brokers.
Some TraderKing features and products mentioned within this TraderKing review may not be available to traders from certain countries because of legal restrictions.
Traders are provided with the sophisticated MT4 trading platform, which was developed in 2005 by MetaQuotes. It is a fully customisable platform that allows you to trade the way you want. The platform is widely used by most forex and CFD traders because of its user interface that is intuitive yet packed with complex trading capabilities for experienced traders. It features market charts, management tools, 50+ technical indicators, one-click trading functionality, expert advisors for the automation of trades, and more. The MT4 trading platform is available in desktop, web, and mobile versions.
TraderKing Trading Tools
There is no standalone trading tool on the broker’s website at the moment. However, the MT4 trading platform should have more than enough trading tools to satisfy even the most demanding traders.
There is a limited selection of educational resources on the broker’s website, but traders can access few online educational materials, including learning articles and trading guides.
TraderKing offers Over 100 trading instruments, including currency pairs, metals, CFDs, oil, indices, cryptocurrencies.
TraderKing Accounts & Fees
TraderKing strives to meet the individual needs of all clients; therefore, they offer a choice of three trading accounts – Standard, Premium, and VIP. Each account has its own characteristics, but the minimum deposit for the Standard Account is $250. Demo accounts are also available for practice purposes.
As broker fees can vary and change, there may be additional fees that are not listed in this TraderKing review. It is imperative to ensure that you check and understand all of the latest information before you open a TraderKing broker account for online trading.
The broker offers a professional client support team that is available to respond to traders’ inquiries. They can be contacted via email, call-back form, or by visiting their office in Kingstown.
TraderKing Deposit & Withdrawal
The broker accepts the following payment methods for both account deposits and withdrawals: bank wire transfer, credit/debit card, and e-wallets.
TraderKing Account Opening
To open a trading account, click on the ‘SignUp button and fill out the account application form as required.
It is imperative to ensure that when you are going through a broker application, you clearly read all of the broker’s terms, conditions, and policies. Only proceed if you fully understand and agree with them.
Overall, TraderKing is a retail trading broker that is based in Kingstown, Saint Vincent and the Grenadines. They provide traders with the MT4 platform for trading several financial instruments. Traders benefit from educational resources and a client support team. There are multiple trading account options to choose from. However, the broker is not regulated by any known financial authority.
Forex trading involves significant risk. We strongly advise that you read our Terms & Conditions. Although the risk when trading Forex is fixed for each individual trade, the trades are live and it is possible to lose your initial investment, particularly if a trader chooses to place his entire investment to a single live trade. It is highly recommended that traders choose a proper money management strategy that limits the total consecutive trades or total outstanding investment.