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Kings Option Trade Ltd

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Operating status: SCAM

Website: https://kingsoptiontrade.com/

Broker violations and abnormal records
  • 2024-10-31 BrokersView has reviewed that Kings Option Trade is an unregulated broker

    According to its website, it claims to be registered with multiple regulatory bodies. Upon investigation, no matching information was found in the Financial Conduct Authority (FCA), Federal Financial Supervisory Authority (BaFin), Vanuatu Financial Services Commission (VFSC), or European Securities and Markets Authority (ESMA).

    In addition, it claims regulated by the Cyprus Securities and Exchange Commission (CySEC) with license 171/12. Upon investigation, we found that the website information registered with CySEC differs from Kings Option Trade. Kings Option Trade has stolen the regulatory information of compliant companies to pretend to be legal. Investors are advised to stay away and do not deposit money here.

    In essence, Kings Option Trade is not regulated by any governing body. Entrusting it with investors' funds is highly risky, as there are no legal protections in place to safeguard the funds.

    Kings Option Trade appears to be a scam.

    According to its website, it claims to be registered with multiple regulatory bodies. Upon investigation, no matching information was found in the Financial Conduct Authority (FCA), Federal Financial Supervisory Authority (BaFin), Vanuatu Financial Services Commission (VFSC), or European Securities and Markets Authority (ESMA).In addition, it claims regulated by the Cyprus Securities and Exchange Commission (CySEC) with license 171/12. Upon investigation, we found that the website information registered with CySEC differs from Kings Option Trade. Kings Option Trade has stolen the regulatory information of compliant companies to pretend to be legal. Investors are advised to stay away and do not deposit money here.In essence, Kings Option Trade is not regulated by any governing body. Entrusting it with investors' funds is highly risky, as there are no legal protections in place to safeguard the funds.Kings Option Trade appears to be a scam.

Related Complaints

Q&A

How can I tell if Kings Option Trade Ltd is real or fake?

Jackie Ajayi
Japan
2024-11-04
ANSWER Dear Investor,To verify a broker's legitimacy, it's essential to research their licenses. We encourage you to inquire about your target broker, and we are glad to help you verify their legal status. We have looked into the website of Kings Option Trade Ltd and believe it to be a scam.Although Kings Option Trade Ltd claims to be multi-regulated, our investigation shows that these regulatory statements are unfounded. In fact, Kings Option Trade Ltd is not regulated at all. Therefore, we strongly advise you to avoid using Kings Option Trade Ltd. They don't have a license but pretend to be a licensed broker, indicating their intent to defraud investors. It's best to choose brokers regulated by top-tier financial authorities.
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