BK Market-Overview of Minimum Deposit, Spreads & Leverage

BK Market | 2021-11-23 18:12

Abstract：BK Market is said to be a UK-registered broker, the company behind it called BK Market Group Ltd, which turns out to be an offshore investment company not falling under any regulatory agency. So, it is unsafe to trade with this broker.

General Information & Regulation

BK Market is said to be a UK-registered broker, the company behind it called BK Market Group Ltd, which turns out to be an offshore investment company not falling under any regulatory agency. So, it is unsafe to trade with this broker.

Markets Instruments

BK Market offers its clients forex pairs, as well as CFDs on indices, commodities, global equities and crypto currencies,

Minimum Deposit

There is no information about the minimum deposit requirement on the BK Market. Have in mind that with most brokers you can open a trading account with about 250 USD and with some big players you can start trading with less than 5 USD.

Leverage

With a leverage of up to 1:200, as offered by BK Market you can score good profit with a limited investment. Still, be aware that higher leverage comes with a price – the higher the leverage, the higher the risk of loosing your funds with the slightest fluctuation of the market.

Spreads & Commissions

Unfortunately, BK Market does not specify its spreads on particular instruments, when it comes to this part.

Trading Platform Available

BK Market offers a web based trading platform, which lacks some basic features, standard with classic trading platforms such as the MetaTrader4.

Deposit& Withdrawal

Potential clients of the brokerage have a very poor choice of payment methods before them. They may deposit or withdraw only via VISA and MasterCard, bank/wire transfer and bitcoin. Popular options such as Skrill or Neteller are missing. There are both deposit and withdrawal fees. There are as follows: 1.5 per cent for credit cards, 2.5 per cent for bitcoin and 1 per cent for bank and wire transfers respectively.

Leverage Commission Currency Pair Dealer Broker

Related broker

No Regulation

BK Market

Company name：BK Market Group Ltd

Score

1.53

Website：http://www.bkmgll.com

5-10 years | Suspicious Regulatory License | Suspicious biz area | High potential risk

Score

1.53

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