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Bokefx foreign exchange brokers specializing in providing foreign exchange trading services, the company's official website http://bokefx.com/, about the company's legal and temporary regulatory information, the company's address .

Bokefx Forex Broker

Basic Information

Registered Region
China
Operating Period
--
Company Name
Bokefx
Abbreviation
Bokefx
Company employee
--
Company Website
Keywords
2-5 years
Suspicious Regulatory License
Suspicious Scope of Business
High potential risk

Company profile

Note: Regrettably, the official website of Bokefx, namely http://bokefx.com/, is currently experiencing functionality issues. Bokefx Review Summary Founded 2-5 years Registered Country/Region China Regulation Unregulated Market Instruments BTC Contracts, ETH Contracts, EOS Contracts, LTC Contracts, XRP Contracts, USDT Contracts, BBC Contracts Trading Platforms N/A Minimum Deposit N/A Customer Support Email: support@bokefx.com What is Bokefx? Bokefx, operated by BOKE GLOBAL LIMITED, is a crypto currency exchange that offers trading and custody services for popular cryptocurrencies. Bokefx provides a wide range of trading instruments across different asset classes, with a focus on cryptocurrencies. It should be noted that Bokefx is an unregulated broker and does not disclose its actual office address. Besides, its website is not accessible. We invite you to read our forthcoming article, where we will conduct a comprehensive evaluation of the broker from multiple perspectives. The article will present well-structured and concise information, allowing you to gain a thorough understanding of the broker's essential features. At the end of the article, we will provide a summarized overview, giving you a complete picture of the broker's key characteristics. Pros & Cons Pros Cons Specializing in cryptos Unregulated Inaccessible website Limited communication channels Pros: - Bokefx specializes in cryptocurrencies, which can be attractive to traders and investors who want to focus on this market. Cons: - Bokefx is unregulated, which means that there is no regulatory body overseeing their operations, thus posing potential risks. - Their website is inaccessible, which can be concerning as it implies a lack of transparency and credibility. - Limited communication channels can make it difficult for traders and investors to get the support they need when encountering issues. Is Bokefx Safe or Scam? Bokefx operates without any regulatory oversight, which raises concerns regarding the reliability of their trading platform. Additionally, the inaccessibility of their official website further adds to the unease surrounding the platform's credibility. These factors increase the level of risk associated with investing in Bokefx. Before deciding to invest with Bokefx, it is essential to conduct extensive research and carefully assess the potential risks against the potential rewards. It is generally advisable to choose regulated brokers that offer a higher level of fund security. Market Instruments Bokefx offers a range of trading instruments across various asset classes, including cryptocurrencies. Specifically, they offer contracts for difference (CFDs) for BTC (Bitcoin), ETH (Ethereum), EOS, LTC (Litecoin), XRP (Ripple), USDT (Tether), and BBC (BitCoin Cash). These CFDs allow traders to speculate on the price movements of these cryptocurrencies without actually owning them. The invoicing currency and settlement currency for all of these instruments is USD, meaning that the margin required to trade these instruments is also in USD. Traders can use leverage to increase their exposure to these instruments, and they can go long (buy) or short (sell) based on their market expectations. Contracts Trading System Contracts trading, specifically contracts for difference (CFDs), is a type of derivative trading where users can speculate on the price movements of various assets, such as cryptocurrencies, without actually owning the underlying asset. Traders can choose to go long (buy) if they believe that the price will rise, or go short (sell) if they expect the price to decline. By accurately judging the potential gains and losses, traders aim to make profits from their trading positions. However, it's important to note that trading derivatives like CFDs also come with risks, as losses can exceed the initial investment. Contracts Order Volume The trading platform of Bokefx has set the minimum and maximum order volumes for their contracts. The minimum order volume is 1 contract, meaning that traders can place a trade for at least 1 contract of the chosen instrument. This ensures that users have the flexibility to start trading with a smaller position if they desire. On the other hand, the maximum order volume is 300 contracts, which means that traders cannot place an order exceeding this quantity for a single trade. This limitation helps manage risk and ensures that traders do not expose themselves to excessively large positions. Commissions Bokefx charges a commission of 20 USD per contract. This means that for each contract traded, the trader will incur a commission fee of 20 USD. In terms of the deposit requirement, it is calculated based on the current pricing, contract volume, and a percentage of 4%. Specifically, the deposit amount can be calculated using the formula: current pricing * contract volume * 4%. This formula indicates that the required deposit is a percentage (4%) of the total value of the contracts being traded, based on the current market price. Customer Service Customers can visit their office or get in touch with customer service line using the information provided below: Email: support@bokefx.com Conclusion In conclusion, Bokefx is an unregulated crypto currency exchange and broker. It does not disclose its actual office address, which raises concerns about the transparency and legitimacy of the platform. Traders could potentially face challenges in terms of fund security, fair trading practices, and dispute resolution. Therefore, it is advisable to approach Bokefx with caution. As an investor, it is important to thoroughly research and consider the regulatory status of a broker before engaging in any financial transactions. Frequently Asked Questions (FAQs) Q 1: Is Bokefx regulated? A 1: No. It has been verified that this broker currently has no valid regulation. Q 2: How can I contact the customer support team at Bokefx? A 2: You can contact via email: support@bokefx.com. Q 3: Is Bokefx a good broker for beginners? A 3: No. It is not a good choice for beginners. Not only because of its unregulated condition, but also because of its inaccessible website. Risk Warning Online trading involves significant risk, and you may lose all of your invested capital. It is not suitable for all traders or investors. Please ensure that you understand the risks involved and note that the information provided in this review may be subject to change due to the constant updating of the company's services and policies. In addition, the date on which this review was generated may also be an important factor to consider, as information may have changed since then. Therefore, readers are advised to always verify updated information directly with the company before making any decision or taking any action. Responsibility for the use of the information provided in this review rests solely with the reader.

Rating Index

How to login to Bokefx?
bokefx Complete Account Guide: Registration, Account Opening, and Login Processes Part One: Account Registration Process How to Register a bokefx Account Registering for a bokefx account is the first step towards engaging in trading on this platform. Below are the detailed steps to complete the regi

  

Bokefx Forex Broker - Complete Information Guide

  

1. Broker Overview

  Bokefx, operated by Boke Global Limited, is a cryptocurrency exchange established approximately 2 to 5 years ago. The company is headquartered in China and primarily serves clients interested in trading cryptocurrencies. As a private entity, Bokefx focuses on providing a range of trading services tailored to the growing market for digital currencies.

  Despite its relatively recent inception, Bokefx has carved out a niche in the cryptocurrency trading sector, offering various contracts for popular cryptocurrencies such as Bitcoin (BTC), Ethereum (ETH), and others. The companys development has been marked by its commitment to expanding its offerings and enhancing its platform, although it has faced challenges, including issues with website accessibility and regulatory scrutiny.

  Bokefx operates under a business model that emphasizes cryptocurrency trading, targeting retail traders and investors keen on capitalizing on the volatility of digital assets. The broker provides custody services, allowing clients to securely store their cryptocurrency holdings. However, it is important to note that Bokefx is currently unregulated, which raises concerns regarding its operational transparency and the security of client funds.

  

2. Regulatory and Compliance Information

  Bokefx is an unregulated broker, which is a significant concern for potential investors. The absence of a regulatory body overseeing its operations means that there are no guarantees regarding the safety of client funds or the fairness of trading practices. Currently, there are no valid regulatory licenses associated with Bokefx, and the company does not disclose its physical office address, further compounding transparency issues.

  The lack of regulation implies that Bokefx does not adhere to the stringent compliance measures typically required by established financial authorities. This includes the absence of a client fund segregation policy, which would normally protect clients' funds in the event of the broker's insolvency. Additionally, Bokefx does not participate in any investor compensation schemes, which are crucial for safeguarding clients' investments.

  Bokefx has not provided detailed information regarding its Know Your Customer (KYC) and Anti-Money Laundering (AML) compliance measures, which are essential for ensuring that the broker operates within legal frameworks and prevents illicit activities.

  

3. Trading Products and Services

  Bokefx offers a variety of trading instruments, primarily focusing on cryptocurrencies. The broker provides Contracts for Difference (CFDs) for several major cryptocurrencies, including BTC (Bitcoin), ETH (Ethereum), EOS, LTC (Litecoin), XRP (Ripple), USDT (Tether), and BBC (Bitcoin Cash). These CFDs allow traders to speculate on the price movements of these cryptocurrencies without actually owning the underlying assets.

  The trading environment at Bokefx is designed for both retail and institutional clients, with an emphasis on flexibility and access to various digital assets. However, the specifics regarding the frequency of product updates or the introduction of new trading instruments have not been clearly communicated.

  Bokefxs services cater to those looking to engage in cryptocurrency trading, but it lacks the comprehensive range of products that might be expected from a fully regulated broker. This limitation may affect the appeal of Bokefx to more diversified traders.

  

4. Trading Platforms and Technology

  Bokefx does not currently support popular trading platforms such as MetaTrader 4 or MetaTrader 5, which are widely used by traders for their user-friendly interfaces and advanced trading features. The absence of these platforms may deter potential clients who prefer established trading environments.

  While it is unclear whether Bokefx offers a proprietary trading platform, the company does provide access to a web-based trading interface. The details regarding mobile application support for iOS and Android devices are not specified, which may limit trading flexibility for users on the go.

  The execution model employed by Bokefx is not explicitly defined, leaving potential clients uncertain about whether the broker operates on an ECN, STP, or Market Making basis. Additionally, the broker has not disclosed information about its server locations or technical infrastructure, which are critical for ensuring fast and reliable trade execution.

  Bokefx does not appear to offer API access for automated trading, which is a significant drawback for algorithmic traders looking to leverage technology in their trading strategies.

  

5. Account Types and Trading Conditions

  Bokefx offers a range of account types, although specific details regarding minimum deposits, spreads, and commissions are not readily available. The broker does not provide clear information on standard account conditions, which may include the minimum deposit requirements and the associated trading costs.

  For advanced traders, it is unclear whether Bokefx offers specialized accounts such as VIP or professional accounts that might come with enhanced features and lower trading costs. Additionally, there is no mention of Islamic accounts or corporate account options.

  The broker's policies on demo accounts are also not specified, which could be a disadvantage for beginners wanting to practice trading without financial risk. The leverage offered by Bokefx is not detailed, leaving potential traders unaware of the risk exposure they might face.

  Furthermore, the specifics regarding overnight fees and other trading costs are not disclosed, which is crucial for traders to make informed decisions about their trading strategies.

  

6. Fund Management

  Bokefx supports various deposit methods, including bank transfers, credit cards, and electronic wallets, although the specifics of these methods are not detailed in the available information. The minimum deposit requirements may vary by account type, but these details have not been provided.

  The processing times for deposits are not explicitly stated, which could lead to uncertainty for clients looking to fund their accounts promptly. Additionally, any fees associated with deposits are not disclosed, which is essential for clients to understand the total cost of trading.

  Withdrawal methods and limitations are also not clearly outlined. Clients may face challenges if there are restrictions on withdrawal methods or if processing times are longer than expected. The fee structure for withdrawals remains unspecified, which adds another layer of uncertainty for potential clients.

  

7. Customer Support and Educational Resources

  Bokefx offers customer support primarily through email, with the contact address being support@bokefx.com. However, the availability of support channels such as phone or live chat is not mentioned, which may limit accessibility for clients needing immediate assistance.

  The service hours and time zone coverage are not provided, leaving clients uncertain about when they can expect support. Additionally, the languages supported by Bokefx for customer service are not detailed, which could pose challenges for non-English speaking clients.

  In terms of educational resources, Bokefx does not appear to offer comprehensive training materials such as webinars, tutorials, or eBooks. The lack of market analysis services, including daily reports and research, may hinder traders' ability to make informed decisions.

  The absence of trading tools such as calculators or signal services further emphasizes the need for Bokefx to enhance its educational offerings to better support its clients.

  

8. Geographic Coverage and Restrictions

  Bokefx primarily serves clients in China, with a focus on the growing cryptocurrency market. However, the specific distribution of regional offices is not disclosed, which may limit the broker's ability to provide localized support.

  The broker does not accept clients from certain countries, although the exact list of restricted regions has not been clearly stated. This lack of transparency could affect potential clients looking to engage with Bokefx from outside its primary market.

  In summary, while Bokefx presents itself as a cryptocurrency-focused broker, potential clients should exercise caution due to its unregulated status and lack of comprehensive information on trading conditions, account types, and customer support. Conducting thorough research and considering the risks involved is essential before engaging with Bokefx.

  This article has provided a detailed overview of Bokefx, highlighting essential information regarding its operations, regulatory status, trading products, and customer support. Potential investors are encouraged to consider the outlined factors carefully before making any financial commitments.

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Bokefx

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In this article, we will conduct a comprehensive examination of Bokefx. WikiFX endeavours to provide you with the essential information required to make an informed decision about utilizing this platform.

Bokefx Forex Broker has an overall rating of 1.46, Regulatory Index 0.00, License Index 0.00, Business Index 6.61, Software Index 4.00 Risk Control Index 0.00.