Fx-k Review - Is This Broker Good for Beginners? - WikiFX

WikiFX | 2025-04-27 14:35

Abstract：Fx-k offers three types of accounts with a minimum deposit of $10, but it is not regulated and does not provide services to certain regions.

Fx-kReview Summary
Founded	2017
Registered Country/Region	Saint Vincent and the Grenadines
Regulation	No regulation
Market Instruments	Forex, cryptos, stocks, commodities, indices
Demo Account	❌
Leverage	Up to 1:420
Average EUR/USD Spread	0.2 pips (Raw Account)
	0.7 pips (Premium Account)
	0.8 pips (Standard Account)
Trading Platform	MT5
Minimum Deposit	$10
Customer Support	Live chat
	Email: hello@fx-k.com
	Registered Address: Suite 305, Griffith Corporate Centre, Beachmont, Kingstown, St. Vincent and the Grenadines, Reg. No.25876 BC 2020.
	Social media: Instagram, YouTube, Twitter, Facebook, TikTok
Regional Restrictions	USA, Israel, Iran, Iraq, Canada, Russia, Afghanistan, Cuba, Eritrea, Liberia, Libya, Somalia, Sudan and Syria

Fx-k was registered in 2017 in Saint Vincent and the Grenadines, specializing in forex, crypto, stocks, indices, and commodities markets. It provides three types of accounts, with a minimum deposit of $10 and a maximum leverage of 1:420. However, it should be noted that this company is not regulated, and it does not provide services to certain regions.

Pros and Cons

Pros	Cons
Low minimum deposit	No demo accounts
MT5 supported	Lack of regulation
Multiple channels for customer support	Regional restrictions
Tight spreads
Diverse tradable assets
Optional Islamic accounts offered

Is Fx-k Legit?

No, Fx-k is not regulated by financial regulatory authorities in Saint Vincent and the Grenadines, which means this company lacks regulation from its registration site. Please note the potential risks!

What Can I Trade on Fx-k?

Fx-k offers several types of products, including forex, cryptos, stocks, commodities, and indices.

Tradable Instruments	Supported
Forex	✔
Commodities	✔
Indices	✔
Stocks	✔
Cryptos	✔
Bonds	❌
Options	❌
ETFs	❌

Account Types & Fees

Fx-k provides three types of accounts: Standard, Premium, and Raw Account. Optional Islamic account is also offered, but free demo accounts are not available. The former two types of accounts do not charge any commission fee, and the Raw Account requires commission fees.

Account Type	Minimum Deposit	Maximum Leverage	Average EUR/USD Spread	Commission	Optional Islamic Account
Standard	$10	1:420	0.8 pips	❌	✔
Premium	$5,000	1:420	0.7 pips	❌	✔
Raw	$10	1:420	0.2 pips	$6 per lot	✔

Leverage

The leverage can be up to 1:420. Traders need to consider carefully before investing, since high leverage is likely to bring high potential risks.

Trading Platform

Fx-k uses MT5 as its trading platform, which is commonly used and is suitable for experienced traders.

Trading Platform	Supported	Available Devices	Suitable for
MT5	✔	PC, web, mobile, mac	Experienced traders
MT4	❌	/	Beginners

Deposit and Withdrawal

Fx-k claims that depositing is free and instant, and withdrawals are also fast which can be concluded within 24 hours. However, it does not reveal critical details such as pyament options and accepted currencies.