BKFX Forex Broker

BKFX Review SummaryFounded2020Registered Country/RegionSaint Vincent and the GrenadinesRegulationFSCA (suspicious clone)Market InstrumentsForex currencies, commodities, stock indices, equity sharesDemo Account✅LeverageUp to 1:2000SpreadFrom 1.5 pips (Standard account)Trading Platform/Min Deposit$/€5Customer Support24/7 live chat, contact formTel: +44 20 80 97 62 00Email: info@bkfx.ioSocial media: Facebook, Instagram, Twitter, Linkedin, YouTubeRegional 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.Pros and ConsPros Cons Diverse tradable assetsRegional restrictionsVarious account typesSuspicious clone FSCA licenseDemo accountsNo MT4 or MT5Cent account offeredLow minimum depositPopular payment options24/7 live chat supportIs 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 Corporate49288What 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 TypeMin DepositCent $5/€5Standard$100/€100Premium$1,000/€1,000Raw Spread$5,000/€5,000Leverage 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.SpreadAccount TypeSpreadCent From 1.8 pipsStandardFrom 1.5 pipsPremiumFrom 1 pipsRaw SpreadFrom 0 pipDeposit and Withdrawal BKFX accepts different types of payment options, including VISA, Mastercard, Neteller, Skrill, LetKnow, and PayRetailers.