FKD Forex Broker provides real users with 1 positive reviews, * neutral reviews and * exposure review!
Business
License
Overall, FKD is a quite good broker. Their customer support is very quick and knowledgeable to solve my problems. Their MT4 connection is quite stable, rarely facing problems unless in high volatility news announcement time. Execution speed is also very fast. Everything seems to be quite smooth here.
Summary: The FKD brokerage has garnered a mixed reputation, with many sources labeling it as unregulated and potentially fraudulent. While some users report a satisfactory trading experience, the lack of regulation and transparency raises significant concerns. Notably, FKD claims to offer a range of trading services, but its legitimacy is heavily questioned.
Attention: It is crucial to note that FKD operates under different entities across regions, which complicates the assessment of its trustworthiness. The following review is based on a comprehensive analysis of various sources to ensure accuracy and fairness.
| Category | Rating (out of 10) |
|---|---|
| Account Conditions | 3 |
| Tools and Resources | 4 |
| Customer Service and Support | 5 |
| Trading Setup (Experience) | 4 |
| Trustworthiness | 2 |
| User Experience | 4 |
How We Rate Brokers: Our ratings are derived from a variety of user reviews, expert opinions, and factual data regarding the broker's operations.
Founded approximately 2 to 5 years ago, FKD operates under the name FKD Finance Limited and is based in Hong Kong. The broker claims to provide access to various asset classes, including forex, stocks, commodities, cryptocurrencies, bonds, and indices. FKD utilizes the popular MetaTrader 4 (MT4) platform for trading, which is favored for its user-friendly interface and advanced trading tools. However, FKDs regulatory status is a significant concern, as it lacks oversight from reputable financial authorities, raising alarms about its legitimacy.
FKD operates without any substantial regulation, which is a major red flag for potential investors. Various reviews highlight that FKD claims to be licensed by the UK's Financial Services Authority, but the actual governing body is the Financial Conduct Authority (FCA). No records of FKD being authorized can be found on the FCA's register, indicating that it is likely operating without proper oversight (WikiFX). This lack of regulation makes it risky for traders, as they have no recourse in case of disputes.
FKD offers various payment methods for deposits and withdrawals, primarily focusing on processors based in China and Hong Kong, such as UnionPay and Perfect Money. However, the broker does not provide clear information regarding minimum deposit requirements, which can be a deterrent for potential clients. The absence of a money-back guarantee further exacerbates the risks associated with trading on this platform (Planet of Reviews).
While FKD does not explicitly state its minimum deposit requirements, it is essential for traders to be cautious. Many reputable brokers allow clients to start trading with as little as $100, but FKD's vague policies may not provide the same security. This ambiguity can lead to confusion and potential financial losses for traders (Trust Radar).
There is little information available regarding any bonuses or promotional offers from FKD. The lack of transparency in this area is concerning, as many legitimate brokers provide clear details about their promotional offerings. Without such information, traders may find themselves at a disadvantage, unable to take advantage of potential benefits (YouTube).
FKD claims to offer zero spread differences in buying and selling, which may sound appealing. However, the lack of transparency regarding commissions and fees raises questions about the actual costs involved in trading. Many reviews suggest that unregulated brokers often have hidden fees, which can significantly impact profitability (Trust Radar).
FKD reportedly offers leverage of up to 1:100, which is typical for many forex brokers. While high leverage can amplify profits, it also increases the risk of substantial losses. Traders should be aware of the risks associated with high leverage and consider their risk tolerance before engaging with this broker (Planet of Reviews).
FKD primarily utilizes the MetaTrader 4 platform, which is well-regarded for its robust features, including real-time quotes and advanced charting tools. However, having a reputable trading platform does not guarantee the legitimacy of the broker itself. Many scam brokers use legitimate platforms to create a façade of authenticity (WikiFX).
There is limited information available regarding specific regions where FKD is restricted. However, the lack of regulation suggests that the broker may not be suitable for traders in jurisdictions with strict financial regulations. Potential clients should conduct thorough research to ensure compliance with local laws before engaging with FKD.
FKD appears to offer customer support primarily in English, but the quality of service is questionable due to the broker's unregulated status. Many reviews indicate that while some users have had positive experiences with customer support, the overall reliability of the service remains uncertain (YouTube).
| Category | Final Rating (out of 10) |
|---|---|
| Account Conditions | 3 |
| Tools and Resources | 4 |
| Customer Service and Support | 5 |
| Trading Setup (Experience) | 4 |
| Trustworthiness | 2 |
| User Experience | 4 |
Account Conditions: The lack of clear information regarding minimum deposits and withdrawal options leads to a low score for account conditions. Traders should be wary of potential financial risks.
Tools and Resources: While FKD offers the MT4 platform, the absence of educational resources and transparency regarding trading costs affects its rating.
Customer Service and Support: Some users report satisfactory customer support experiences, but the overall reliability is uncertain due to the broker's unregulated status.
Trading Setup (Experience): FKD's trading setup is standard, but the underlying concerns about regulation overshadow the user experience.
Trustworthiness: The absence of regulation and transparency leads to a low trustworthiness rating, making it a risky choice for traders.
User Experience: Despite some positive user experiences, the overall perception of FKD is marred by concerns regarding its legitimacy and regulatory status.
In conclusion, the FKD review indicates that potential traders should exercise extreme caution when considering this broker. The lack of regulation, transparency, and clear account conditions raises significant red flags, suggesting that FKD may not be the safest option for forex trading in 2025.
