TradersKing was a binary options broker made for automated trading systems. They are now out of business!
They are owned by TradersKing LTD, located at: The Hansa Bank Building, 1st floor, Landsome Road, British West Indies, The Valley, Anguilla.
For trader complaints read more.
The Trading Scam
Odds are that you are interested in trading at TradersKing because a trading system recommended you use there system with TradersKing to make $1,000 a day. The problem is that these systems do not work, and there are literally hundreds of system like that. Just have a look at FastCash or Cash Camp.
Read more about why trading robots don’t work.
Trading Platform
TradersKing like most binary option brokers is based on the popular trading platform from SpotOption. We see that their website is available in English, Russian, Dutch, French and Arabic.
They have the full suite of Binary Options, Pairs, Long Term, Hyper, One Touch, and Ladder Options. Additionally, they offer Forex CFD trading. They have the Spot follow feature which is a social trading system that allows traders to follow other investors trade ideas. The returns for $EUR/USD options is 85%.
Their smallest account type listed on their site shows a minimum deposit requirement of $500, which is higher than most brokers.
TradersKing Regulation
When we checked CySEC on December 7th 2015, we do not see a license for TradersKing. This means; They are NOT Licensed.
The reason to use a licensed broker is so that you do not have problems withdrawing your money. Each daily we receive complaint emails from traders about various broker. Most of the times the complaints are about withdrawal problems from unlicensed brokers.
WARNING from ASIC in Australia!
“ASIC urges all investors considering trading in binary options to check they are dealing with an entity that holds an Australian financial services license or is authorized by an Australian financial services licensee and regulated by ASIC.”
The list of most popular brokers for the month can be found here.
What was your experience trading with TradersKing? Please share your experience in the comments section below.