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BK Forex -

Score

1.57 /10
Danger

BK Forex

United Kingdom

Scam Brokers

5-10 years

Suspicious Regulatory License

Suspicious Overrun

High potential risk

http://www.bk-forex.com/En_index.html

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Comparison

Expose

Exposure

Time Machine
Website

Score

Regulatory Index0.00

Business Index7.46

Risk Management Index0.00

Software Index4.00

License Index0.00

Time Machine
Website

Licenses

VPS Standard
No restriction on the broker account. Support service provided by WikiFX

Single Core

1G

40G

open now

Broker Information

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Company Name

BK Forex Limited

Company Abbreviation

BK Forex

Platform registered country and region

United Kingdom

Company website

Company summary

Pyramid scheme complaint

Expose

Check whenever you want

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This platform is a Ponzi Scheme. Please stay away! 5
Previous Detection : 2024-10-01
  • 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.

WikiFX Survey

Danger

BK Forex

United Kingdom

WikiFX Verification

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.

Suspicious clone FCA license
  • 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.

User Exposure on WikiFX

As of now, there were 2 pieces of Cooper Markets exposure in total.

Exposure 1. Fraud broker

ClassificationScam
Date 2023-04-17
Post CountryIsrael

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

ClassificationHarassment
Date 2023-02-23
Post CountryUnited 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...

Scam Disclosure

User Reviews

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User comment

4

Comments

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FX3090742090
more than one year
Caution from bkforex and kahty lien, she asked me to transfer eur 5k to her in bitcoin, for her to trade for me, after she asked me to double the deposit amount, I refused. Now she refuses to return the money to me (no transaction was made, only a deposit to the bkforex bitcoin account)
Caution from bkforex and kahty lien, she asked me to transfer eur 5k to her in bitcoin, for her to trade for me, after she asked me to double the deposit amount, I refused. Now she refuses to return the money to me (no transaction was made, only a deposit to the bkforex bitcoin account)
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2023-04-17 19:18
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贵族丶番茄
more than one year
Mails, upon mails. Phone calls... And if you do not answer their number, they just spoof a local number to make you answer. No discussions or logic work on these guys. The best technique is to ignore them 100%... Or the fun way: Screw with them... Big time. Make them waste a lot of time with "nothing". Only your imagination is the limit. Then I assume they will give up :)
Mails, upon mails. Phone calls... And if you do not answer their number, they just spoof a local number to make you answer. No discussions or logic work on these guys. The best technique is to ignore them 100%... Or the fun way: Screw with them... Big time. Make them waste a lot of time with "nothing". Only your imagination is the limit. Then I assume they will give up :)
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2023-02-23 13:52
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