Overview of Kingexc
Kingexc is a forex and CFD broker founded in 2019 and based in China. It offers a variety of tradable assets and two account types, Standard and ECN. While the broker provides access to the popular MetaTrader 4 platform and offers a demo account, it is essential to highlight that Kingexc operates without regulation, posing a significant risk factor for traders. This lack of oversight means there may be limited recourse in case of issues or fraudulent activities.
Overall, this broker offers a wide range of tradable assets and two account types. However, the fact that the broker is unregulated is a significant risk factor. Traders should carefully consider the risks involved before trading with Kingexc.
Pros and Cons
Pros:
Wide range of tradable assets: Kingexc offers a wide range of tradable assets, including forex, CFDs on stocks, indices, commodities, and cryptocurrencies. This gives traders a lot of flexibility to choose the assets that they want to trade.
Two account types: Kingexc offers two account types: Standard and ECN. This allows traders to choose the account type that best suits their needs and trading style.
Demo account: Kingexc offers a demo account, which allows traders to practice trading without risking any real money. This is a great way for beginners to learn how to trade and for experienced traders to test new strategies.
24/5 customer support: Kingexc offers 24/5 customer support via live chat and email. This is important because it means that traders can get help whenever they need it.
Cons:
Unregulated: Kingexc is an unregulated broker. This means that it is not overseen by any financial authority. This is a significant risk factor, as it means that traders have no recourse if the broker goes out of business or engages in fraudulent activity.
Risky: Trading with an unregulated broker is risky. Traders should carefully consider the risks involved before trading with Kingexc.
No educational resources in English: Kingexc does not offer any educational resources in English. This is a disadvantage for English-speaking traders.
Overall, Kingexc is a new and unregulated forex and CFD broker. The broker offers a wide range of tradable assets and two account types. However, the fact that the broker is unregulated is a significant risk factor. Traders should carefully consider the risks involved before trading with Kingexc.
Regulatory Status
Kingexc is an unregulated forex and CFD broker. This means that it is not overseen by any financial authority. This is a significant risk factor, as it means that traders have no recourse if the broker goes out of business or engages in fraudulent activity.
There are a number of reasons why a broker might be unregulated. It is possible that the broker is new and has not yet had a chance to apply for a license. It is also possible that the broker does not meet the requirements for a license in the jurisdictions where it operates. Finally, it is also possible that the broker has chosen to remain unregulated in order to avoid the costs and regulations associated with obtaining a license.
Whatever the reason, it is important to be aware of the risks involved in trading with an unregulated broker. Traders should carefully consider their risk tolerance and financial situation before trading with Kingexc.
Market Instruments
Kingexc offers a wide range of tradable assets, including:
Forex: Major, minor, and exotic currency pairs.
CFDs on stocks: Stocks from major stock exchanges around the world.
CFDs on indices: Major and minor stock indices.
CFDs on commodities: Crude oil, natural gas, gold, silver, and other commodities.
CFDs on cryptocurrencies: Bitcoin, Ethereum, and other cryptocurrencies.
Traders can choose the assets that they want to trade based on their interests and risk tolerance.
The specific assets that are available to trade will vary depending on the account type that you choose. The Standard account offers a limited selection of assets, while the ECN account offers a wider selection.
Account Types
Kingexc offers two account types: Standard and ECN.
Standard Account
The Standard account is the most basic account type offered by Kingexc. It has a minimum deposit requirement of 100 USD and offers variable spreads. The spreads on the Standard account are typically wider than the spreads on the ECN account.
ECN Account
The ECN account is a more advanced account type offered by Kingexc. It has a minimum deposit requirement of 500 USD and offers tighter spreads. The spreads on the ECN account are typically tighter than the spreads on the Standard account, but traders are also charged a commission on each trade.
Here is a table summarizing the key features of the two account types offered by Kingexc:
How to Open an Account？
Here are the concrete steps on how to open an account with Kingexc:
Go to the website and click on the “Open Account” button.
Fill out the online application form. You will need to provide your personal information, including your name, address, email address, and phone number. You will also need to create a username and password.
Choose an account type. It offers two account types: Standard and ECN.
Make a deposit. The minimum deposit requirement for the Standard account is 100 USD and the minimum deposit requirement for the ECN account is 500 USD. You can make a deposit using a variety of payment methods, including credit/debit cards, bank transfers, and e-wallets.
Verify your account. You will need to verify your account by providing Kingexc with a copy of your passport or government-issued ID and a copy of a recent utility bill or bank statement.
Once your account has been verified, you can start trading.
Leverage
Kingexc offers a maximum leverage of 1:500 for both Standard and ECN accounts. This means that you can control a position worth 500 times your initial deposit. For example, if you deposit 100 USD, you can control a position worth 50,000 USD.
It is important to note that leverage is a double-edged sword. It can magnify your profits, but it can also magnify your losses. If you are not careful, you could lose more money than you have deposited.
It recommends that you use leverage with caution. If you are a beginner, it is best to start with a lower leverage ratio and gradually increase it as you gain experience.
Spreads & Commissions
Kingexc offers variable spreads and commissions. The spreads on the Standard account are typically wider than the spreads on the ECN account. The spreads on the ECN account are typically tighter than the spreads on the Standard account, but traders are also charged a commission on each trade.
Here is a table summarizing the spreads and commissions offered by Kingexc:
The specific spreads and commissions will vary depending on the asset type and market conditions. 领域王国 provides its clients with a real-time spread feed, so that they can see the spreads before they place a trade.
Trading Platform
Kingexc uses the MetaTrader 4 trading platform. MetaTrader 4 is a popular trading platform that is known for its user-friendly interface and advanced features.
Here are some of the key features of MetaTrader 4:
User-friendly interface: MetaTrader 4 has a user-friendly interface that is easy to navigate, even for beginners.
Advanced charting tools: MetaTrader 4 offers a wide range of advanced charting tools, which allows traders to analyze the markets in detail.
Technical indicators: MetaTrader 4 offers a wide range of technical indicators, which can be used to identify trading opportunities.
Expert advisors: MetaTrader 4 supports expert advisors, which are automated trading programs.
Backtesting: MetaTrader 4 allows traders to backtest their trading strategies on historical data.
MetaTrader 4 is a powerful trading platform that can be used by traders of all levels of experience. It is available for download on its website.
Deposit & Withdrawal
Kingexc accepts a variety of payment methods, including:
Credit/debit cards (Visa, Mastercard, American Express)
Bank transfers
E-wallets (Neteller, Skrill, WebMoney)
The minimum deposit requirement for the Standard account is 100 USD and the minimum deposit requirement for the ECN account is 500 USD.
It does not charge any deposit fees. However, there may be fees associated with withdrawing your funds, depending on the payment method you choose.
Here is a table summarizing the deposit and withdrawal fees charged by Kingexc:
It is important to note that these fees are estimates and may change at any time. Please check with Kingexc for the most up-to-date information.
Customer Support
Kingexc offers 24/5 customer support via live chat and email.
Live chat is the fastest way to get help from Kingexc. To access live chat, simply click on the “Live Chat” button on its website. You will then be connected to a customer support representative who can help you with your questions or problems.
Email is another option for contacting its customer support. To send an email, simply go to the Kingexc website and click on the “Contact Us” button. You will then be able to send an email to the Kingexc customer support team.
It also offers a variety of educational resources, including webinars, e-books, and video tutorials. These resources can help you to learn more about trading and how to use the Kingexc trading platform.
Overall, Kingexc offers good customer support. Live chat is the fastest way to get help, and educational resources can be helpful for new traders.
Educational Resources
Kingexc offers a variety of educational resources, including webinars, e-books, and video tutorials. These resources can help you to learn more about trading and how to use the Kingexc trading platform.
Here is a summary of the educational resources offered by Kingexc:
Webinars: It offers a variety of webinars on a variety of topics, such as forex trading, CFD trading, and technical analysis. The webinars are taught by experienced traders and are free to attend.
E-books: It offers a variety of e-books on a variety of topics, such as forex trading, CFD trading, and risk management. The e-books are free to download.
Video tutorials: It offers a variety of video tutorials on how to use the Kingexc trading platform. The video tutorials are free to watch.
In addition to these educational resources, it also offers a demo account. A demo account allows you to trade virtual money, so that you can practice trading without risking any real money.
Conclusion
Kingexc is a new and unregulated forex and CFD broker. It offers a wide range of tradable assets and two account types: Standard and ECN. The broker also offers a demo account and 24/5 customer support.
However, there are some disadvantages to trading with Kingexc. The broker is unregulated, which means that it is not overseen by any financial authority. This is a significant risk factor, as it means that traders have no recourse if the broker goes out of business or engages in fraudulent activity. Additionally, the broker does not offer any educational resources in English.
Overall, Kingexc is a risky broker that is best avoided by new and experienced traders alike. There are many regulated forex and CFD brokers available that offer the same benefits as Kingexc, without the risks.
FAQs
Q: Is Kingexc regulated？
A: No, Kingexcis is not regulated. This means that it is not overseen by any financial authority.
Q: Is Kingexc a good choice for beginners？
A: No, I would not recommend Kingexc for beginners. Beginners should choose a regulated broker with a good reputation.
Q: Is Kingexc a good choice for experienced traders？
A: Experienced traders should carefully consider the risks involved before trading with 领域王国.
Q: Does Kingexc offer a demo account？
A: Yes, Kingexc offers a demo account. A demo account allows you to trade virtual money, so that you can practice trading without risking any real money.
Q: What customer support does Kingexc offer？
A: Kingexc offers 24/5 customer support via live chat and email.
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