BTC Kingdom is an unlicensed crypto broker that has been recently blacklisted by the Financial Services and Markets Authority (FSMA) of Belgium (see official FSMA warning). The financial watchdog claims BTC Kingdom is “suspicious” based on a wide range of complaints received.
The minimum deposit to open an account with BTC kingdom is $250. Now, this was no surprise, as $200 – $250 is the most common starting deposit required by most forex and crypto brokers. However, this is not to mean that you can’t find cheaper and better solutions. The regulated broker IQ Option, for example, has a minimum deposit of only $10.
In general, BTC Kingdom has very limited information on the official website, so there were not many details we could gather for this. It appears they offer a single account type with maximum leverage 1:5 – which is definitely low. They also offer what they call PAMM accounts – which are a type of managed accounts. Managed accounts are never advisable, as it gives the so-called “account manager” the authority to mismanage your funds.
There is no mention of spreads or the minimum investment amount, though. There is also no demo account available for traders to practice and test out the platform before investing any real money.
As you can imagine, the lack of transparency on a crypto broker’s website is not a good sign. Especially when it comes to unregulated companies like BTC Kingdom, this is not exactly a surprise, but it is a huge red flag. We have come across many brokers in the past with similar cases and we always advise our traders to stay away.
Try trading with an award-winning broker like IQ Option
Join IQ Option and become a trading master! IQ Option is a world-famous regulated broker that takes your trading to the next level. It allows you to trade forex, crypto, stocks, options and much more on its award-winning platform. The best part? You can start trading with a minimum deposit of ONLY $10! Read our IQ Option review.
BTC Kingdom is a CFD broker that mainly focuses on crypto assets, as you can probably tell by their name. On their trading platform you will find a selection of 95 crypto CFDs which include:
The trading platform used by BTC Kingdom is an oversimplified web-based platform that lacks many basic features like charting tools and automated trading sessions. The crypto broker also does not seem to offer the MetaTrader 4 (MT4) platform – which is usually preferred by many traders. MT4 is considered one of the best forex and CFD trading platforms online.
On the other hand, the BTC Kingdom web trader can be accessed directly via your web browser – with no downloads or installations required. The broker does not mention anything about a mobile app or mobile trader, so we assume there is no such platform available.
Once again, BTC Kingdom disappoints but not providing basic information of their website. There seems to be some limited information and videos about trading with Bitcoin and what is Bitcoin – but nothing much about the broker themselves.
If you want to trade with an award-winning licensed broker, we recommended using IQ Option
If you have any questions or issues (which we imagine you will) you can contact the BTC kingdom customer support team via email, phone or the online contact form on their website. There is no live chat or FAQ available.
BTC Kingdom is owned and operated by the company Home Market Ltd, which is supposedly located at 61 Brook Street, Mayfair, London W1K 4HS. We highly doubt this is the official address of this company. The contact number provided is also not a UK number.
Email: [email protected]
Phone number: (+352) 20 880 721
Try trading with an award-winning broker like IQ Option
Sponsored content
Master the markets with IQ Option
With IQ Option, you will be trading with an award-winning broker recognised and praised by industry experts. Get your IQ Option account today!
The minimum deposit to start trading with BTC Kingdom is $250. Now, on their website, the crypto broker claims to accept a variety of payment methods including credit cards, bank wire, and several e-wallets like Skrill, Neteller, Qiwi Wallet, CaroPay and WebMoney.
In reality though, they only accept:
As for withdrawals, we could not find any information on the methods accepted or how long it takes to process a withdrawal request. However, we did discover some very unusual withdrawal fees when reading their Terms and Conditions, which are note even specified to traders exactly.
We have summarized all the advantages and disadvantages of BTC Kingdom we discovered through the course of this review below. We were not impressed with this broker and you will notice that many of these disadvantages are serious.
We make it our mission to not recommend anything but the best – which, according to industry experts, is IQ Option, the top regulated broker for your country with a minimum deposit of ONLY $10!
Trade with an
award-winning broker
like IQ Option
