Based in Kingstown, Saint Vincent, and the Grenadines, TraderKing is an online financial services provider that allows traders to conveniently trade over 100 financial markets across different asset classes — including forex, stocks, indices, commodities, futures, cryptocurrencies, and CFDs — from a single account. The broker provides traders with the user-friendly MT4 trading platform and also makes available a selection of learning materials to assist them. Traders get access to a competitive trading environment, with 24/7 customer support, multiple trading account options, STP/ECN execution, fixed spreads, and leverage of up to 1:500. The minimum deposit required to operate to start live is $250, whilst a commission fee of $3 is charged on all trades.
TraderKing Review Introduction
In this TraderKing review, we will take a look at some of the most important factors worth considering when choosing a forex broker for your online trading needs. This includes trading platforms, trading tools, research and education, account funding options, customer support, and broker regulation.
You may also wish to view my best forex brokers based on countless hours that I have spent researching and testing hundreds of brokers, all of which you can see in my forex broker reviews. You can also use my free trading tool to compare forex brokers including TraderKing.
TraderKing Platforms & Tools
TraderKing allows clients to trade various financial assets using the MetaTrader 4 trading platform, an advanced trading platform that was developed in 2005 by MetaQuotes. It is designed to suit traders of all levels with an interface that is user-friendly yet packed with advanced trading capabilities. MT4 features charting tools, market indicators, scripts, expert advisors, advanced risk management tools, real-time market execution, and more.
The platform is available as a desktop application for Windows and Mac computers and a mobile trading app for Android and iOS devices. There is also a web version that can run directly on most modern web browsers, including Chrome, Safari, Firefox, and Edge, so it does need separate trading software to open.
TraderKing Research & Education
The broker’s website contains a few educational resources that are designed to improve the trading skill and knowledge of clients. They include some learning articles and trading guides.
TraderKing Trading Accounts
Traders can choose the account type that best suits their trading objectives and capital from a choice of three trading accounts. They include the Standard, Premium, and VIP accounts, and they require a minimum deposit of $250. Demo accounts are also available — they help beginners to get acquainted with the broker’s platforms before opening a live trading account.
TraderKing Account Funding
Account deposit and withdrawal requests at TraderKIng are processed using any of the following payment methods: bank wire transfer, credit/debit cards, and electronic payment processors.
TraderKing Customer Service
All clients’ general, technical, and account-based inquiries are handled by the broker’s knowledgeable customer support team that is always available to respond to them. The support team can be reached through email and call-back form. Traders can also visit their physical office in Kingstown.
TraderKing is not regulated by any financial authority at the moment. In most cases, the lack of regulation can be a warning sign to potential traders who are looking to open a live trading account with a broker.
TraderKing Review Summary
TraderKing is an STP/ECN trading broker that allows traders to buy and sell multiple trading instruments via the intuitive MT4 trading platform. Traders benefit from a selection of educational resources and the services of a professional customer support team. There are several trading account types to choose from with a minimum deposit requirement of $250. However, there is no regulatory information on the broker’s website at the moment.
It is worth mentioning that some of the trading products and services in this TraderKing review may differ or not be available to traders in some countries due to regulations. As brokers’ terms can change over time, please verify all information is up to date directly from the TraderKing broker website which you can visit by using the link below.
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. A large percentage of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.