BKFX

General Information & Regulation

BKFX is an Online Forex & CFD broker and has a license issued from FSCA in South Africa. BKFX complies with all the regulations imposed by the regulator. It has less negative criticism as there is transparency in its activities. Here at BKFX, throughout their long-lasting experience in global capital markets, they are pleased to offer bespoke trading brokerage services to institutional clients, fund managers and professional traders around the world. Although the broker has exceeded it's regulation, but it was regulated by the Financial Sector Conduct Authority (FSCA) of South Africa with License no. 49288

Market Instruments

Products offered for trading are: Forex, Crypto, Shares, Commodities, Indices.

Account & Leverage

The three trading accounts offered by BKFX are:

• Cent Account –USD5 / EUR5

• Standard Account –USD 100 / EUR100

• Premium Account –USD 1,000 / EUR 1,000

For all Account Types (Cent Account, Standard Account, Premium Account, Tailor Made) the Maximum Leverage is 1:500. BKFX only offers raw spread pricing on its Tailor Made account, which has a minimum deposit requirement of 10,000 USD/EUR, making it inaccessible to most traders

Trade Size

This broker has a minimum trade size of 0.01 lots and a maximum of 50 lots.

Spreads & Commissions

The spreads varies according to the account type, for Cent account the spread is about 1.8 pips, for Standard account is 1.5 pips and for the Premium the spread is 1 pips.

Trading Platform

BKFX uses MetaTrader 4 as the trading platform which is available in various versions;

• MT4 Client Desktop

• MT4 iPhone & iPad Trader

• MT4 Android Trader

• MT4 Web trader

Deposit & Withdrawal

According to the user area, users can deposit through Neteller, Skrill, SticPay, LetKnow Pay (various cryptocurrencies), Zotapay, Dragonpay, Payguru

and VirtualPay. The minimum deposit is $100.

The same process can be used when it comes to withdrawing funds, clients need to submit requests from their trading area and wait for the Withdrawal confirmation from the Customer Service before releasing the funds through the desired means.

Customer Service

Support availability at BKFX includes 24/7 Chat Support and live chats is also available. Their customers support can also be contacted through their Phone Number:

Local: +27 10 44 64 500

International: +44 20 80 97 62 00 or

Email: info@bkfx.io