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.