Score
BKFX
Saint Vincent and the Grenadines|2-5 years| https://www.bkfx.io
Website
Rating Index
Contact
Licenses
Licensed Institution：DNKR ZA (Pty) Ltd
License No.：49288
- It has been verified that this broker currently has no valid regulation. Please be aware of the risk!
Basic Information
Saint Vincent and the GrenadinesAccount Information
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Website
bkfx.io
Server Location
Netherlands
Website Domain Name
bkfx.io
Server IP
78.140.185.190
Company Summary
| BKFX Review Summary | |
| Founded | 2020 |
| Registered Country/Region | Saint Vincent and the Grenadines |
| Regulation | FSCA (suspicious clone) |
| Market Instruments | Forex currencies, commodities, stock indices, equity shares |
| Demo Account | ✅ |
| Leverage | Up to 1:2000 |
| Spread | From 1.5 pips (Standard account) |
| Trading Platform | / |
| Min Deposit | $/€5 |
| Customer Support | 24/7 live chat, contact form |
| Tel: +44 20 80 97 62 00 | |
| Email: info@bkfx.io | |
| Social media: Facebook, Instagram, Twitter, Linkedin, YouTube | |
| Regional Restrictions | US, Canada, Syria, North Korea, Iran, Iraq and the European Union |
BKFX was registered in 2020 in Saint Vincent and the Grenadines, which is a broker specializing in forex currencies, commodities, stock indices, and equity shares markets. It offers 4 types of accounts, among which the minimum deposit is USD 5 or EUR 5 and the maximum leverage is 1:2000. Besides, it provides demo accounts and various channels for customer support. However, it should be noted that this company only holds a suspicous clone FSCA license, and it does not provide services for resients in certain areas.
Pros and Cons
| Pros | Cons |
| Diverse tradable assets | Regional restrictions |
| Various account types | Suspicious clone FSCA license |
| Demo accounts | No MT4 or MT5 |
| Cent account offered | |
| Low minimum deposit | |
| Popular payment options | |
| 24/7 live chat support |
Is BKFX Legit?
No, BKFX currently has no valid regulations. It only holds a suspicious clone FSCA license.
| Regulated Authority | Current Status | Regulated Country | License Type | License No. |
| Financial Sector Conduct Authority (FSCA) | Suspicious clone | South Africa | Financial Service Corporate | 49288 |
What Can I Trade on BKFX?
BKFX provides several types of products, including forex currencies, commodities, stock indices, and equity shares.
| Tradable Instruments | Supported |
| Forex Currencies | ✔ |
| Commodities | ✔ |
| Stock Indices | ✔ |
| Equity Shares | ✔ |
| Cryptos | ❌ |
| Bonds | ❌ |
| Options | ❌ |
| ETFs | ❌ |
Account Type
BKFX offers 4 types of accounts, including Cent Account, Standard, Premium, and Raw Spread. Besides, demo accounts are also available.
| Account Type | Min Deposit |
| Cent | $5/€5 |
| Standard | $100/€100 |
| Premium | $1,000/€1,000 |
| Raw Spread | $5,000/€5,000 |
Leverage
For the 4 types of accounts above, the leverage can be up to 1:2000, which is relatively high. Traders need to consider carefully before investing, because high leverage is likely to bring high potential risks.
Spread
| Account Type | Spread |
| Cent | From 1.8 pips |
| Standard | From 1.5 pips |
| Premium | From 1 pips |
| Raw Spread | From 0 pip |
Deposit and Withdrawal
BKFX accepts different types of payment options, including VISA, Mastercard, Neteller, Skrill, LetKnow, and PayRetailers.
Keywords
- 2-5 years
- Suspicious Regulatory License
- Suspicious Scope of Business
- Suspicious Overrun
- High potential risk
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