BKFX- Some Detailed Information about This Broker

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
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.