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ForexWare-Overview of Minimum Deposit, Spreads & Leverage

BKFX Spreads, leverage, minimum deposit Revealed

WikiFX | 2025-01-03 12:09

Abstract: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.

BKFX Review Summary
Founded2020
Registered Country/RegionSaint Vincent and the Grenadines
RegulationFSCA (suspicious clone)
Market InstrumentsForex currencies, commodities, stock indices, equity shares
Demo Account✅
LeverageUp to 1:2000
SpreadFrom 1.5 pips (Standard account)
Trading Platform/
Min Deposit$/€5
Customer Support24/7 live chat, contact form
Tel: +44 20 80 97 62 00
Email: info@bkfx.io
Social media: Facebook, Instagram, Twitter, Linkedin, YouTube
Regional RestrictionsUS, 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.

BKFX's homepage

Pros and Cons

Pros Cons
Diverse tradable assetsRegional restrictions
Various account typesSuspicious clone FSCA license
Demo accountsNo 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 AuthorityCurrent StatusRegulated CountryLicense TypeLicense No.
Financial Sector Conduct Authority (FSCA)Suspicious cloneSouth AfricaFinancial Service Corporate49288
Suspicious clone FSCA license
Domain information

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❌
What Can I Trade on BKFX?

Account Type

  BKFX offers 4 types of accounts, including Cent Account, Standard, Premium, and Raw Spread. Besides, demo accounts are also available.

Account TypeMin Deposit
Cent $5/€5
Standard$100/€100
Premium$1,000/€1,000
Raw Spread$5,000/€5,000
Account comparison

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 TypeSpread
Cent From 1.8 pips
StandardFrom 1.5 pips
PremiumFrom 1 pips
Raw SpreadFrom 0 pip

Deposit and Withdrawal

  BKFX accepts different types of payment options, including VISA, Mastercard, Neteller, Skrill, LetKnow, and PayRetailers.

Payment options

Related broker

Unverified
BKFX
Company name:BKFX LLC
Score
1.50
Website:https://www.bkfx.io
5-10 years | Suspicious Regulatory License | Suspicious biz area | Suspicious Overrun
Score
1.50

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