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BKYHYO -

Score

1.45 /10
Danger

BKYHYO

United Kingdom

2-5 years

Suspicious Regulatory License

High potential risk

https://www.bkyhyoltd.com

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Comparison

Quantity 57

Exposure

Time Machine
Website

Score

Regulatory Index0.00

Business Index6.51

Risk Management Index0.00

Software Index4.00

License Index0.00

The WikiFX Score of this broker is reduced because of too many complaints!
Time Machine
Website

Licenses

No valid regulatory information, please be aware of the risk

VPS Standard
No restriction on the broker account. Support service provided by WikiFX

Single Core

1G

40G

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Broker Information

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Company Name

BKYHYO LTD

Company Abbreviation

BKYHYO

Platform registered country and region

United Kingdom

Company website

Company summary

Pyramid scheme complaint

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Warning: Low score, please stay away! 3
Previous Detection : 2024-11-11
  • It has been verified that this broker currently has no valid regulation. Please be aware of the risk!
  • The number of the complaints received by WikiFX have reached 53 for this broker in the past 3 months. Please be aware of the risk and the potential scam!

WikiFX Verification

Exposure

57 pieces of exposure in total
Pyramid scheme complaint
Expose
Unable to Withdraw

unable withdraw i am loast my all life

please help me . its big scam of world 🌎 lost of digital generation no trust

2022-10-05 03:46
Unable to Withdraw

I can't withdraw money from my bkyhyo account

Currently, I cant withdraw money from my account, first deposit in metaquost, then they transferred me to bkyhyo with full amount. Until now cskh has transferred my account to bkyhyo, deleted the account. Thanks for your help

2022-11-16 02:11
Unable to Withdraw

Assetsclaimback is a complex firm

The Assetsclaimback Advisory begged to differ. Ross Ulbricht, the 31-year-old American with the loss of over 1 million dollars investment to 3 firm and BKYHYO is one of them. For withdrawal they ask for different payment like personal tax fee withdrawal fee and so many more and even after paying them they still reject withdrawal

2022-11-23 15:42
Scam

I cant get my money

I met a french guy on dating at beginning he was rude to me and after he show me love and speak in good way i fall in love with him we both discus to invest to make a money for us i give him all my save money and let he trade after that our relationship have augment often almost everyday i ask him to give me my money back and ask him to follow our money but he alway told me to give up on our money since now i never see my money get back to me from here and this guy

2022-11-19 00:54
Unable to Withdraw

Cannot issue gold

Apichai Thomsri account number 2012292987 Kiatkin Bank, registration number 363381 requesting permission to withdraw 10.00

2023-02-16 11:33
Unable to Withdraw

scam Alert

BKYHYO is one of the worst investment platforms to trade with because they manipulate trades and misrepresent their identities after months of successful 8 times deposit when i decided to withdraw they gave several shitty excuses

2022-11-29 10:07
Unable to Withdraw

Unable to withdraw funds from this platform, all my funds are blocked

I was deceived by girls via WhatsApp to enter with them, in order to trade forex but I was deceived in the end, I have $60,000 that I cannot withdraw, you let me withdraw at first $20 only in order to gain confidence and then I was deceived, please help me to return my money, I borrowed it and it is all loans . I will put my account in the pictures.

2022-09-27 07:32
Unable to Withdraw

Induced huge profits from investment, and after paying huge commissions, he was informed that he was frozen by random inspection by the US Monetary Authority.

the app uses the line to make friends and contacts, and recommend contacts in order BKYHYO LTD manager lin of the customer service department, senior analyst mr. zhang, and chief financial officer li of the finance department, induced a deposit of us$109,000 to upgrade to vip1, and made a huge profit of us$144,000 in cooperation with the investment. after paying a commission of us$16,000, they were informed that they were frozen by the us monetary authority. in the middle, a financial proof of us$15,000 is required, and the payment certificate informs that the withdrawal is successful one week later. the account can still be logged in and the balance of us$57,000 is visible, but all the contacts will disappear immediately, and the message will not be read. the gold of 180,000 us dollars has not arrived in the account for more than a month.

2022-11-06 11:39
Resolved

I can't withdraw money, I was scammed, please return it.

I don't have much material, I don't have a memory of it because I disposed of it for convenience, but it is true that I was deceived.

2024-04-04 19:36
Unable to Withdraw

Unable to withdraw

Previously I had described fraud against me, but due to lack of evidence, I was ready to provide proof of transfer and my account balance at BKYHYO at that time, I couldn't log into my account because my account was suddenly deleted

2022-09-15 12:18
Unable to Withdraw

Unable to withdraw funds

I confirm that it is impossible to withdraw the funds after recess like the other testimonies. A young woman contacts you on Facebook and after 2 weeks, she encourages you to invest (for 25000€ at the beginning it was at Starekco then Bkyhyo. And once we have wanted to withdraw our funds, the service asks me for a margin of 30% so in other words, it is impossible to withdraw the funds.

2022-11-03 04:51
Unable to Withdraw

Fraud and unable to withdraw funds

I know a woman from Tiktok, claiming to be Japanese and she seduced me sweetly, then taught me to trade with BKYHYO broker, first I deposited $65, then deposited again so my total fund was $1054, then I was taught to trade with her uncle and got a profit of $5056 , but every time I get a profit I have to pay taxes to his uncle of 20% of the profit, when I want to withdraw money, I can't withdraw the money and have to pay taxes, they require me to pay taxes of $676, then I pay $400 and help with his uncle $276 , then I paid another $227 to pay the daily fine because I didn't pay the tax on time they said, but after that the uncle lied and froze my account in BKYHYO and I had to pay $276 , even though before that I promised to refund him after a successful withdrawal and he agreed, but in fact I still couldn't withdraw my funds, then I checked the web address for the BKYHYO dashboard the domain disappeared and changed to my IP address, and suddenly my account was deleted, help me, I'm bankrupt and have debts because I plunged into forex and don't know anything

2022-09-15 12:10
Resolved

My withdrawal request has been under review for ‎3 ‏days

Please respond to the request I submitted to withdraw $80 three days ago and it is under review. What do I do? My account number is 660449

2022-09-30 22:24
Unable to Withdraw

This firm is a scam

Austrac/org and I submitted a withdrawal request which was rejected and then the platform sent me an email stating that they were going to block my account because of my illegal trading operations and now I can't get my $70,000 back till not doing it alone made me realize they have scammed a lot of people and escaping their trap.

2022-11-25 18:09
Unable to Withdraw

I caught them .

Despite paying taxes, I am still unable to withdraw my money. My trading account had been blocked as a result of a 35,000USDT deposit by a third party, customer service informed me. This violated anti-money laundering laws. I had to put $5500USDT into my account before I could withdraw. I had to submit a chargeback with username but clearly BKYHYO is a scam stay away from them they manipulate trade

2022-11-06 17:12
Unable to Withdraw

The account has been locked for more than a month for no reason, and the website cannot be accessed

In more than May, I was brought in by a friend to operate. The previous trader was Biguncle, and was later transferred to BKYHYO. Originally, there was still a small profit, and I could also withdraw money in small amounts, and I managed to apply for 50,000 warehouse interest. In mid-July, I let a friend lead the operation and lost more than 30,000. Later, I was asked by customer service to fill up to 50,000, otherwise the account must be filled up to 50,000. It will freeze, and I spent some time borrowing money from other friends and finally filled the 50,000 hole. As a result, in mid-August, it was found that the account was frozen, and the customer service account was asked to indicate that the system was being updated; the problem of fraud and the official website of the brokerage was marked as fraud, but only because of political factors, all the situation will take some time to return to normal. , It has been more than a month now, and the account is still frozen. There is still 50,110 usd in the account. Except for a little money saved by myself, the rest is for loans and borrowed from friends to fill the hole. Can you please help? ? Hope to get it back, my family is really in need of money right now.

2022-09-26 06:02
    BKYHYO · Company summary
    Aspect Information
    Registered Country/Area United Kingdom
    Founded Year 2-5 years
    Company Name BKYHYO LTD
    Regulation Suspicious Regulatory License
    Minimum Deposit Not specified
    Maximum Leverage Up to 1:500
    Spreads Standard accounts with stable spreads, professional accounts with spreads as low as 0.0 pips on 30 currency pairs
    Trading Platforms MetaTrader 5 (MT5)
    Tradable Assets Forex, Precious Metals (Gold, Silver), Cryptocurrencies (BTC, ETH, BCH, DASH, etc.), Stock Indices, Crude Oil
    Account Types Standard and Professional
    Demo Account Not specified
    Islamic Account Not specified
    Customer Support 24/7 customer care through online chat and email (support@bkyhyoltd.com)
    Payment Methods Not specified

    General Information

    Launched in 2020, BKYHYO LTD is an online forex broker registered in the United Kingdom, offering its clients access to the worlds most trading platform-MT4, a wide range of trading instruments, leverage up to 1:500.

    The absence of valid licenses may indicate that BKYHYO does not have the necessary approvals to operate as a legitimate broker. Additionally, there have been 53 complaints filed against BKYHYO in the past three months, suggesting a potential risk and the possibility of a scam. Furthermore, the lack of transparent information about deposit and withdrawal methods and the absence of a trading software may further raise concerns about their reliability. Despite offering access to a variety of market instruments, including forex, precious metals, cryptocurrencies, stock indices, and crude oil, the potential risks associated with BKYHYO should be carefully considered before engaging in any trading activities.

    image.png

    Pros and Cons

    BKYHYO LTD presents a mixed bag of pros and cons. On the positive side, the broker offers access to a wide range of tradable assets, including forex, precious metals, cryptocurrencies, stock indices, and crude oil. The availability of these instruments allows traders to diversify their portfolios and take advantage of various market opportunities. Additionally, BKYHYO provides two types of trading accounts, catering to both novice and experienced traders. The professional account offers spreads as low as 0.0 pips on select currency pairs. Moreover, the MetaTrader 5 (MT5) trading platform provides advanced features and tools for technical and fundamental analysis, enabling traders to make informed decisions. On the downside, BKYHYO lacks proper regulation and has a suspicious regulatory license, raising concerns about its legitimacy and trustworthiness. The absence of transparent details regarding deposit and withdrawal methods further adds to the overall uncertainty and potential risks associated with the broker.

    Pros Cons
    Offers a wide range of tradable assets Not regulated by a valid regulatory authority
    Provides two types of trading accounts Suspicious regulatory license
    Spreads as low as 0.0 pips on select currency pairs for professional accounts Lack of transparency regarding deposit and withdrawal methods
    Advanced features and tools available on the MetaTrader 5 (MT5) trading platform Potential risk and possibility of scams due to numerous complaints filed against the broker

    Is BKYHYO Legit？

    Based on the provided information, it appears that BKYHYO is not regulated by any valid regulatory authority. The United States NFA regulation license number (0539341) claimed by this broker is suspected to be a clone. This suggests that BKYHYO may not have the necessary licenses or approvals to operate as a legitimate broker.

    Additionally, there have been 53 complaints filed against BKYHYO in the past three months, which indicates a potential risk and the possibility of a scam.

    Moreover, the information suggests that BKYHYO does not have a trading software, which could further raise concerns about their legitimacy and ability to provide reliable services.

    regulation

    Market Instruments

    BKYHYO LTD offers a variety of market instruments for its clients to trade. These instruments include:

    1. Foreign Exchange (Forex): BKYHYO provides access to a wide range of currency pairs, offering over 62 currency pairs for trading. Clients can engage in Forex trading with ultra-low spreads and fast execution, allowing them to participate in the global currency markets.

    2. Precious Metals: The broker offers trading opportunities in precious metals, specifically gold and silver. Clients can trade these commodities, taking advantage of price movements and fluctuations in the precious metals market.

    3. Cryptocurrencies: BKYHYO allows clients to trade popular digital currencies like Bitcoin (BTC), Ethereum (ETH), Bitcoin Cash (BCH), Dash (DASH), and other cryptocurrencies. This provides an avenue for clients interested in participating in the volatile and dynamic cryptocurrency market.

    4. Stock Indices: BKYHYO provides access to major global stock indices. Clients can trade these indices, enabling them to speculate on the performance of specific markets or sectors without having to trade individual stocks.

    5. Crude Oil: The broker also offers trading opportunities in crude oil. Clients can engage in trading crude oil contracts, allowing them to participate in the energy markets and take advantage of price movements in the oil industry.

    Pros Cons
    Access to diverse market instruments Lack of specific trading conditions and contract specifications
    Wide range of currency pairs with ultra-low spreads Potential risks in the volatile cryptocurrency market
    Opportunity to trade precious metals Limited information on trading conditions for precious metals
    Access to major stock indices Lack of transparency on trading conditions for indices
    Trading opportunities in crude oil Inadequate information on trading conditions for oil contracts

    Account Types

    BKYHYO LTD offers two trading accounts designed for both retail and professional traders. Standard account is more suitable for novice traders featuring market execution, stable spread, no requote. While Professional accounts are designed for experienced traders with extremely competitive spreads, low commissions applied.

    image.png
    Pros Cons
    Caters to different types of traders Limited information provided about the account features and benefits
    Standard account designed for novice traders Lack of transparency regarding specific spreads and commission rates
    Offers market execution and stable spreads for standard account Potential concerns about the legitimacy and trustworthiness of the broker

    How to open an account？

    With just a few clicks of your mouse, you can open an account with BKYHYO LTD

    Step 1: Click “Register” to fill in the application information online

    Step 2: Upload ID and bank information

    Step 3: After the approval is passed, the account information will be sent to the email address when you register

    Step 4: Online cash is made through account deposits in the management system.

    Leverage

    The maximum trading leverage offered by BKYHYO LTD is up to 1:500, which is a generous offering, ideal for scalpers and experienced traders. However, since leverage can magnify your profits, but it can also cause to fund losses, especially to inexperienced traders. Therefore, it is essential for traders to choose the proper amount based on their risk tolerance.

    Spreads & Commissions

    Spreads and commission are determined by trading accounts. Standard accounts offer stable spreads with low commission. And Professional accounts are designed for advanced traders who pursue low trading costs, with spreads as low as 0.0 pips on 30 currency pairs.

    Trading Platform Available

    BKYHYO LTD offers its clients access to the worlds most popular trading platform-MetaTrader 5. In addition to providing access to currency and stock market trading, MT5 also allows users to perform technical and fundamental analysis. MT5 is a fantastic choice for experienced traders thanks to its extensive set of indicators, several charting options, and numerous order types. The MetaTrader Market, where customers can download a variety of tools and features, is also accessible through the platform.

    image.png
    Pros Cons
    Popular and widely used MetaTrader 5 (MT5) trading platform May not cater to traders who prefer alternative platforms
    Ability to trade in various markets, including currencies and stocks Limited information on specific platform features
    Features for technical and fundamental analysis Lack of details on platform customization options
    Extensive range of indicators and charting options Potential learning curve for inexperienced traders
    Various order types for trade execution Limited information on platform stability
    Access to MetaTrader Market for additional tools Insufficient information on third-party integration
    Lack of information on mobile trading capabilities

    Deposit & Withdrawal

    Based on the available information, BKYHYO LTD does not provide transparent details regarding the deposit and withdrawal process on its website. There is no specific information about the payment methods supported by BKYHYO.

    However, it is worth noting that wire transfer, major credit and debit cards such as MasterCard, VISA, Maestro, and popular e-wallet processors like Skrill, Neteller, and PayPal are commonly supported by most forex brokers for deposit and withdrawal purposes.

    Regarding the minimum deposit at BKYHYO, there is no information provided on their website. However, it is generally recommended that a standard forex trading account should not require a deposit exceeding $250.

    Considering the lack of transparency and previous indications of potential fraud associated with BKYHYO, it is advisable to seek regulated and trustworthy brokers that clearly outline their deposit and withdrawal processes.

    Customer Support

    As for the contact information, BKYHYO LTD offers its clients 24 x7 customer care to solver any trading-related issues. and they can be reached through online chat as well as support@bkyhyoltd.com.

    Reviews

    The reviews of BKYHYO depict several complaints and concerns raised by users. Some of the common issues mentioned include the inability to withdraw funds, allegations of scams and fraud, manipulation of trades, and accounts being blocked or deleted. These reviews highlight the frustration and financial loss experienced by individuals who have had negative experiences with BKYHYO.

    reviews

    Conclusion

    In conclusion, BKYHYO presents several disadvantages and risks that potential traders should consider. Firstly, the broker lacks proper regulation, with the claimed regulatory license number being suspicious. This raises concerns about the legitimacy and reliability of their services. Additionally, there have been numerous complaints filed against BKYHYO, indicating potential issues such as fund withdrawals, scams, and account manipulation. The lack of transparency regarding payment methods and deposit/withdrawal processes further adds to the concerns. On the positive side, BKYHYO offers access to a range of tradable assets, including Forex, Precious Metals, Cryptocurrencies, Stock Indices, and Crude Oil. They also provide the popular MetaTrader 5 (MT5) trading platform and 24/7 customer support. However, given the risks and uncertainties associated with BKYHYO, it is advisable to consider regulated and trustworthy brokers with transparent practices for a more secure trading experience.

    FAQs

    Q: Is BKYHYO regulated？

    A: No, BKYHYO is not regulated by any valid regulatory authority. The claimed regulatory license number is suspicious and suspected to be a clone.

    Q: What are the trading platforms offered by BKYHYO？

    A: BKYHYO offers the MetaTrader 5 (MT5) trading platform, which is known for its popularity and comprehensive features.

    Q: What are the tradable assets available on BKYHYO？

    A: BKYHYO provides access to Forex, Precious Metals (Gold, Silver), Cryptocurrencies (BTC, ETH, BCH, DASH, etc.), Stock Indices, and Crude Oil.

    Q: What types of trading accounts does BKYHYO offer？

    A: BKYHYO offers two types of trading accounts: Standard and Professional. The Standard account is for novice traders, while the Professional account is tailored for experienced traders.

    Q: Does BKYHYO offer a demo account？

    A: The information does not specify if BKYHYO provides a demo account.

    News

    ExposureWikiFX Review: Why You Should Stay Away from BKYHYO!

    The so-called brokerage BKYHYO is nothing more than an outright scam, please stay away from it!!!

    WikiFX
    2022-11-26 11:17
    WikiFX Review: Why You Should Stay Away from BKYHYO!

    ExposureBKYHYO Ltd: Account Transfer Payment Due to Internal System Update?!?!

    Fraudulent forex brokers can come up with a myriad of reasons to convince their trading clients to make unnecessary payments. No matter how persuasive their justifications could be, retail traders should remember that a legitimate forex broker will never ask for extra charges during the withdrawal process.

    WikiFX
    2022-11-01 18:00
    BKYHYO Ltd: Account Transfer Payment Due to Internal System Update?!?!
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    Comments

    Write a review

    OrionZigg 80923
    more than one year
    😨😨😨Offering 500 times leverage makes me believe that I have found the right broker. But I was too naive, it hurt me so much instead. Very regretful... I shouldn't have considered trading an easy activity.
    😨😨😨Offering 500 times leverage makes me believe that I have found the right broker. But I was too naive, it hurt me so much instead. Very regretful... I shouldn't have considered trading an easy activity.
    Translate to English
    2024-08-07 13:52
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    YQ
    more than one year
    I feel both relieved and sad after learning that BKYHYO has scammed so many people. I'm grateful that I haven't fallen victim to their schemes, but I'm also heartbroken for those who have. It's a terrible feeling to be taken advantage of, and my heart goes out to anyone who has lost money to this company.
    I feel both relieved and sad after learning that BKYHYO has scammed so many people. I'm grateful that I haven't fallen victim to their schemes, but I'm also heartbroken for those who have. It's a terrible feeling to be taken advantage of, and my heart goes out to anyone who has lost money to this company.
    Translate to English
    2023-03-24 14:14
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