According to our team’s research, Option King does NOT provide demo accounts. We also found out that they do not rate highly in Google Trends and there is no significant data about them. As an alternative we selected the top brokers that provide a Demo account for free.
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Option King Review
Operated and owned by Advanced Option Capital, Option King is a relatively new broker in the binary options industry. They offer a range of services to cater to the needs of binary options traders regardless of their expertise and skills.
They have an education centre that offers basic education material, a variety of trading tools and a fair range of assets. The broker claims to offer high payouts and because they are still new in the industry, we decided to find more information about them so it becomes easy for traders to decide whether they are a legitimate option or not. In this review, you will find out all that you need to about Option King so you can make an informed choice.
Option King – Scam or Legit
It is very important to establish whether a broker is legit or not before signing up for their services. It is also important to keep in mind that the binary options industry is packed with brokers who are only looking to scam traders. This is the reason you must first take the steps necessary to verify whether the broker is scam or legit so you can protect your investments.
During our review, we did not find any information about Option King that proves that they offer scam service. But we cannot recommend them at the same time because there are many brokers who are much better than them in terms of quality of service, range of trading assets and options and customer support.
Traders can make use of a web based trading platform when they sign up with Option King. You just need to have your login information such as your name and password and you can make use of any computer with an internet connection to access your account and perform trading tasks. The software that their trading platform is powered by is still unknown. Maybe you have to create an account to find out about the software. Overall, the broker does not offer many assets and trading tools. Their range of assets and trading options are limited.
When most other brokers a wide range of payment options to deposit and withdraw money, Option King offers only two which include credit cards and bank wire transfer. All major credit cards such as Maestro, Diners, Visa, Visa Electron and MasterCard can be used to make a deposit or withdrawal. Credit cards do not attract any fees, but bank wire transfer wire method does. The withdrawal procedures and information on minimum withdrawal requirements are not clearly mentioned on the site, so we can say that Option King is not a transparent broker.
The quality of customer support service is not high at Option Broker. The customer support representatives tend to take a lot of time to address issues and problems. To communicate with their team, traders can use phone, email or live chat service. A contact form is also available which can be filled out with details of your questions and concerns and submitted to them.
After our research we concluded that Option King does not provide a demo account.
The lack of practice account and risk free trading makes this broker unsuitable for traders who want to learn how to trade without losing their investment.
I am David Raines, a Binary Options trader with years of experience in online trading. I write reviews of Binary Options Brokers, Auto Trading Software and Signals Providers.