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

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

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.

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.

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.

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.