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BK Forex
United Kingdom|5-10 years| http://www.bk-forex.com/En_index.html?chlang=&langid=2
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BK Forex Limited
BK Forex
United Kingdom
Pyramid scheme complaint
Expose
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- This broker has been verified to be illegal and all of its licences have expired, and it has been listed in WikiFX's Scam Brokers list. Please be aware of the risk!
- The platform is a Ponzi Scheme, which refers to the use of "principle of value multiplication". In the form of rolling or static fund circulation, it uses the money of next member to pay to the present one, which is essentially a pyramid scheme with the distinction of hidden, deceptive and socially harmful. By calling common person's desire for money, fraudsters in the platform begin raising funds underground. Since this kind of platform mostly will abscond after 1 or 2 years, the fund-raising mode just can exist less than 3 years.
- The number of this brokers's negative field survey reviews has reached 1. Please be aware of the risk and the potential scam!
- The United KingdomFCA regulation (license number: 548743) claimed by this broker is suspected to be clone. Please be aware of the risk!
- The current information shows that this broker does not have a trading software. Please be aware!
WikiFX Verification
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BK Forex · Company Summary
Is BK Forex a Scam？
- Scam Brokers List
BK Forex has been listed on WikiFX's Scam Brokers list. The platform operates as a Ponzi scheme. Please be aware of the scam domains as follows: https://www.bk-forex.com/En_index.html
- Regulatory Concerns
BK Forex claims to be regulated by the Financial Conduct Authority and holds a United Kingdom payment license. But it's worth noticing that this license is suspected to be a fake clone.
- Scam Exposure
On WikiFX, “Exposure” is posted as a word of mouth received from users. Traders are encouraged to review information and assess risks before trading on unregulated platforms. Please consult our platform for related details. Report fraudulent brokers in our Exposure section and our team will work to resolve any issues you encounter.
As of now, there were 2 pieces of Cooper Markets exposure in total.
Exposure 1. Fraud broker
| Classification | Scam |
| Date | 2023-04-17 |
| Post Country | Israel |
The user said he was asked to double the deposit and refused to withdraw his money. You may visit: https://www.wikifx.com/en/comments/detail/Co202304174351846339.html
Exposure 2. Harassment
| Classification | Harassment |
| Date | 2023-02-23 |
| Post Country | United States |
The user said she constantly gets calls and emails from the company until she has to “screw” with them to stop them from harassing her. You may visit: https://www.wikifx.com/en/comments/detail/Co202302234001859007.html
- Domain Information
BK Forex was registered on 2022-06-12 but has expired on 2024-06-12. That's why we can't access their official site currently. It a very dangerous signal that BK Forex may have absconded and if you have deposited money here, you may have no way to withdraw...
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