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BKYHYO foreign exchange brokers specializing in providing foreign exchange trading services, the company's official website https://user.bkyhyoglobal.com/register/fast?lang=en, about the company's legal and temporary regulatory information, the company's address .

BKYHYO Forex Broker

Basic Information

Registered Region

China

Operating Period

Company Name

BKYHYO Ltd

Abbreviation

BKYHYO

Company employee

Customer Service Email Address

support@bkyhyoglobal.com

Company Website

https://bkyhyoglobal.com/

Keywords

2-5 years

Suspicious Regulatory License

Suspicious Scope of Business

High potential risk

Company profile

BKYHYOReview SummaryFoundedNot mentionedRegistered Country/RegionChinaRegulationNo regulationMarket InstrumentsForex, Commodities, Indices, CryptocurrenciesDemo Account✅LeverageUp to 1:1000Spread1.5 pipsTrading PlatformMT4, MT5, MetaTrader WebTraderMin Deposit$100Customer SupportEmail: support@bkyhyoglobal.comBKYHYO Information BKYHYO is a brokerage from China, which mainly provides traders with trading instruments such as Forex, Commodities, Indices and Cryptocurrencies, and has 3 kinds of accounts for traders to choose from. But it is now an unregulated brokerage with minimal safety.Pros and ConsProsConsSupport for MT4 and MT5No regulationOnly email contact is supportedIs BKYHYO Legit? BKYHYO is currently unregulated and operates outside the law. It carries a lot of risk.What Can I Trade on BKYHYO? BKYHYO says it offers traders a variety of trading instruments including forex, cryptocurrencies, commodities and indices. Specifically, traders can choose from a variety of forex trading pairs such as EUR/USD, USD/JPY and GBP/USD to trade. There are also multiple cryptocurrencies, including Bitcoin, Ethereum, and Litecoin. Commodities such as oil, gold, silver and copper can also be included in the investment plan. In addition, many indexes such as the S&P 500, FTSE 100 and Nikkei 225 are also waiting for traders to arrive.Tradable InstrumentsSupportedForex✔Commodities✔Indices✔Cryptocurrencies✔Stocks❌Bonds❌ETF❌Account Types BKYHYO offers three types of accounts - Standard account, Premium account and VIP account. Of the three accounts, the minimum deposit requirement is $100 and the maximum deposit can be $25,000. The spread is inversely proportional to the account level. In addition, both the Standard account and Premium account have a spread of 1:100, while the VIP account has leverage as high as 1:500/1:1000. As can be seen, BKYHYO's account audience is a variety of different types or levels of traders.Account TypesStandardPremiumVIPMinimum Deposit$100$500$25,000SpreadsTypicalTighter than StandardExtremely LowLeverageUp to 1:100Up to 1:100Up to 1:500/1:1000BKYHYO Fees BKYHYO Spreads BKYHYO provides three accounts with the spread of EUR/USD, GBP/USD, USD/JPY, Gold and Crude Oil. Among them, the spread of EUR/USD for the three accounts remains between 1.0 and 1.5pips, which is relatively moderate. In general, the higher the account level, the smaller the spread for trading various instruments.InstrumentStandard Account SpreadPremium Account SpreadVIP Account SpreadEUR/USD1.5 pips1.2 pips1.0 pipsGBP/USD2.0 pips1.8 pips1.5 pipsUSD/JPY1.0 pips0.8 pips0.6 pipsGold0.5 pips0.4 pips0.3 pipsCrude Oil0.2 pips0.15 pips0.1 pips Non-Trading FeesAccount TypesStandardPremiumVIPInactivity Fee (per month)$10$5-Commission (per trade)0.005%0.003%0.001%Trading Platform BKYHYO supports three different trading platforms. They are MetaTrader 4(MT4), MetaTrader5(MT5) and MetaTrader WebTrader.Trading PlatformSupportedAvailable DevicesSuitable forMT4✔Desktop, MobileBeginnersMT5✔Desktop, MobileSkilled tradersMetaTrader WebTrader✔WebBeginnersDeposit and Withdrawal A total of 5 Debit and debit methods are provided by this broker, namely Bank Transfer (Domestic), Bank Transfer (International), Credit/Debit Card, E-Wallet(Skrill/Neteller) and Cryptocurrency (Bitcoin, Ethereum). Except for the minimum deposit of $500 required by Bank Transfer (International), all other methods are $100. The minimum withdrawal for these methods varies from $10 to $250.OptionsDeposit FeeWithdrawal FeeMinimum DepositMinimum WithdrawalProcessing TimeBank Transfer (Domestic)FreeFree$100$501-3 Business DaysBank Transfer (International)FreeFree$500$2503-5 Business DaysCredit/Debit Card2.50%2.50%$100$25InstantE-Wallet (Skrill/Neteller)2.00%2.00%$100$10InstantCryptocurrency (Bitcoin, Ethereum)Free0.50%$100$101-2 Business DaysCustomer Service BKYHYO does not support 24/7 online services, it only publishes emails for traders to access customer service.Contact OptionsDetailsPhone❌Emailsupport@bkyhyoglobal.comSupport Ticket System❌Online Chat❌Social Media❌Physical Address❌The Bottom Line To be honest, the saving grace of BKYHYO is that it offers three trading platforms to traders, including MT4 and MT5. However, this does not obscure the defects, there are more problems and drawbacks, customer service only a way of email, and not regulated, these problems combined like a bomb, hidden dangers are very big.FAQs Are there any common instruments not included in BKYHYO's trading instruments? Stocks, bonds and ETFs are not tradable on BKYHYO. Is BKYHYO suitable for day trading? No, it doesn't fit. The leverage and spreads offered by BKYHYO may be suitable for day trading, but regulation is lacking and it should be avoided. How safe is BKYHYO? BKYHYO is not regulated and is not safe.

BKYHYO broker review

Is BKYHYO safe or scam

Rating Index

How to login to BKYHYO?

bkyhyo Complete Account Guide: Registration, Account Opening, and Login Processes Part One: Account Registration Process How to Register a bkyhyo Account Registering for a bkyhyo account is a straightforward process that involves several steps. Below is a detailed guide to help you navigate the bkyh

BKYHYO Forex Broker - Complete Information Guide

1. Broker Overview

　　BKYHYO LTD, established in 2020, is a forex broker that claims to operate from the United Kingdom. Its registered office is located at 212 Avenue Drive, Glasgow, Scotland G40 2NS. The company is privately held and primarily serves retail clients interested in forex and contracts for difference (CFDs). Despite its claims of legitimacy, BKYHYO has faced numerous allegations regarding its operational integrity.

　　The broker offers a range of trading services, including access to various financial instruments like forex, precious metals, cryptocurrencies, and commodities. However, the company has not provided a clear timeline of its development or significant milestones, and it lacks transparency regarding its corporate structure and affiliations. The business model of BKYHYO appears to focus on retail forex trading, but it is essential to note that the absence of regulatory oversight raises serious concerns about its reliability and trustworthiness.

2. Regulatory and Compliance Information

　　BKYHYO LTD claims to be registered with the Companies House in the UK under registration number SC694231. However, this registration does not equate to regulatory approval for financial services. The broker also asserts that it is regulated by the U.S. National Futures Association (NFA) with an alleged NFA ID of 0539341. Upon investigation, it was found that BKYHYO is not a member of the NFA and does not hold any valid regulatory license.

　　The absence of oversight from reputable regulatory bodies such as the Financial Conduct Authority (FCA) in the UK or the NFA in the U.S. indicates that BKYHYO operates without proper compliance measures. Consequently, client funds are not protected under any legal framework, and there is no investor compensation scheme in place. Furthermore, the broker's KYC (Know Your Customer) and AML (Anti-Money Laundering) compliance measures are not clearly outlined, raising additional concerns about its operational integrity.

3. Trading Products and Services

　　BKYHYO offers a variety of trading products, including:

Forex Trading: The broker provides access to over 62 currency pairs, allowing clients to engage in forex trading with competitive spreads.
CFD Products: BKYHYO offers CFDs on precious metals such as gold and silver, stock indices, and crude oil.
Cryptocurrencies: Clients can trade popular cryptocurrencies, including Bitcoin (BTC), Ethereum (ETH), Bitcoin Cash (BCH), and Dash (DASH).

　　While the broker claims to update its product offerings regularly, there is little transparency regarding the introduction of new instruments or changes to existing products. The services are primarily targeted at retail traders, and there is no indication that BKYHYO provides institutional trading solutions or white-label services.

4. Trading Platforms and Technology

　　BKYHYO supports the widely used MetaTrader 5 (MT5) trading platform, which offers advanced features for both technical and fundamental analysis. The platform is known for its user-friendly interface and extensive range of trading tools, including indicators and charting options.

　　However, there is no mention of a proprietary trading platform or web-based trading solutions. Mobile trading capabilities are not explicitly detailed, and it remains unclear whether BKYHYO offers dedicated mobile applications for iOS or Android devices. The execution model employed by BKYHYO is not specified, leaving potential clients uncertain about how their trades will be processed. Furthermore, there is no information regarding server locations or technological infrastructure, which are critical for ensuring trade execution efficiency.

5. Account Types and Trading Conditions

　　BKYHYO offers two types of trading accounts:

Standard Account: This account is suitable for novice traders and features market execution with stable spreads. Specific details regarding minimum deposit requirements and commission structures are not provided.
Professional Account: Aimed at experienced traders, this account type offers competitive spreads, potentially as low as 0.0 pips on select currency pairs.

　　The broker does not specify whether it offers Islamic accounts or corporate accounts. Additionally, the availability of a demo account for practice is unclear. BKYHYO claims to provide leverage of up to 1:500, which is attractive to scalpers and experienced traders, but such high leverage also poses significant risks, particularly for inexperienced traders. Information regarding minimum trade sizes and overnight fees is not available, further complicating the decision-making process for potential clients.

6. Fund Management

　　BKYHYO has not provided transparent information regarding its deposit and withdrawal processes. The broker does not specify supported deposit methods, which typically include bank transfers, credit cards, and e-wallets. The minimum deposit requirement is also unspecified, although standard practice suggests it should not exceed $250 for a beginner account.

　　Processing times for deposits and withdrawals are not clearly defined, and there are concerns regarding potential fees associated with these transactions. Reports indicate that clients have experienced difficulties when attempting to withdraw funds, with some alleging that they were required to pay additional fees or taxes to process withdrawals. This lack of clarity and the presence of withdrawal complaints raise significant concerns about the safety of funds deposited with BKYHYO.

7. Customer Support and Educational Resources

　　BKYHYO claims to offer 24/7 customer support through various channels, including email and online chat. However, the lack of a dedicated phone line or social media presence may limit accessibility for some clients. The broker does not specify its support hours or the languages available for assistance.

　　In terms of educational resources, BKYHYO provides minimal offerings, such as basic tutorials and market analysis. There is no mention of webinars, advanced training sessions, or comprehensive market research reports, which are critical for traders looking to enhance their skills and knowledge. The absence of robust trading tools, such as calculators and signal services, further diminishes the overall trading experience.

8. Regional Coverage and Restrictions

　　BKYHYO promotes itself as a global broker, but specific details regarding its primary markets and regional offices are lacking. The broker does not clearly state which countries it serves or any geographical restrictions on its services. However, it is essential to note that BKYHYO is not authorized to operate in jurisdictions where regulatory requirements are stringent, such as the United States and the European Union.

　　Given the numerous complaints and negative reviews surrounding BKYHYO, potential clients are strongly advised to consider these factors before engaging with the broker. The lack of regulatory oversight and transparency raises significant red flags, making it crucial for traders to conduct thorough due diligence before investing their funds.

　　In conclusion, BKYHYO presents several risks and uncertainties that potential traders should carefully weigh. The absence of regulatory compliance, along with numerous complaints regarding fund withdrawals and operational integrity, indicates that engaging with this broker could pose significant risks to investors' capital. It is advisable to seek regulated and reputable brokers that provide clear information and transparent practices for a more secure trading experience.

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