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MarketsKing Review (Archive)
|Email, Telephone, Live Chat
|English , Russian , Arabic
|Minimum 1st Deposit
|Minimum Account Size
|Minimum Trade Amount
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|Classic Binary Options (Call/Put), 60 second Options
|Number of Assets
|Currency , Commodities , Indices , Stock
If you have spent time looking through binary options brokers websites, you will notice that there is a distinctive difference with MarketsKing’s website. The design of their website doesn’t feel cheap and ordinary like most generic looking binary brokers’ websites. This certainly makes for a refreshing change. The differences don’t just extend to the design of the website but also to the trading platform adopted by MarketsKing. Established mid 2013 and based in London, this new broker is already making an impact among investors for the positive trading experience which it is offering to traders. In this review we will find out why.
Target Markets & Customer Support
From the languages supported by MarketsKing on its website, it is clear that MarketsKing is catering to markets where the traders speak Arabic, English and Russian as their mother tongue. When you think about it, this practically covers half the world. Hence, it is not surprising that MarketsKing have managed to grow as fast as they have over the last 6 months. Supporting their clients’ needs, MarketsKing have put together a dedicated multi-lingual support team, which is available at the beck and call of its clients 24/7 through live chat, email or the telephone.
Trading Platform & Features
MarketsKing trading platform is unique in the sense that it is powered by O-Systems. The trading platform boasts several innovative trading features such as Social Trading, Automatic Limit Orders and Buy More Time. Although these features are frequently found on dedicated spot forex trading platforms, they are rarely found on binary trading platforms. For example with the automatic limit order feature, traders can put in an order for a trade which will be automatically executed once the desired price for the asset is achieved. With the social trading feature, novices can view the trades of more experienced traders and copy their trades directly from the social wall if they wish. Finally, with the Buy More Time feature, traders can extend their trades by 10 to 30 minutes without having to roll over their trades. They can activate this feature right up to one minute before their trade expire.
Although MarketsKing’s market coverage extends to the four major asset classes; forex, commodities, indices and stocks, the extent of their coverage is rather disappointing. Currently, MarketsKing only have around 30 different types of underlying assets under their wing. Apart from this rather limited range of underlying assets, they also only support two types of trading contract which are Call/Put Options and 60 Second Options. Nevertheless, when you consider the fact that the majority of binary traders are just trading with Call/Put options, this is not a major shortcoming.
As for trading accounts, there are 3 types of trading accounts to choose from:
- Standard Account (Minimum Deposit from $250 to $999)
- Premium Account (Minimum Deposit from $1000 to $4,999)
- Platinum Account (Minimum Deposit from $5,000 to $24,999)
The standard account is the most basic type of trading account with almost no trading benefit or additional support from an account manager. Furthermore, mobile trading is also not supported with the standard account.
Payouts & Bonuses
In terms of payouts, the returns are quite high with the maximum possible return pegged at 90%. However on the average, traders can expect a return around the 85% range. As for bonuses, these ranges from 30% to 75% depending on the type of trading account. On the whole, we find that is quite a nice trading platform regardless of whether you are a novice or experienced trader. The only thing which they can improve on is to extend their market coverage. This will help put MarketsKing on par with most leading binary brokers.
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