Fx-k Review - Is This Broker Good for Beginners? - WikiFX
एब्स्ट्रैक्ट：Fx-k offers three types of accounts with a minimum deposit of $10, but it is not regulated and does not provide services to certain regions.
| Fx-kReview Summary | |
| Founded | 2017 |
| Registered Country/Region | Saint Vincent and the Grenadines |
| Regulation | No regulation |
| Market Instruments | Forex, cryptos, stocks, commodities, indices |
| Demo Account | ❌ |
| Leverage | Up to 1:420 |
| Average EUR/USD Spread | 0.2 pips (Raw Account) |
| 0.7 pips (Premium Account) | |
| 0.8 pips (Standard Account) | |
| Trading Platform | MT5 |
| Minimum Deposit | $10 |
| Customer Support | Live chat |
| Email: hello@fx-k.com | |
| Registered Address: Suite 305, Griffith Corporate Centre, Beachmont, Kingstown, St. Vincent and the Grenadines, Reg. No.25876 BC 2020. | |
| Social media: Instagram, YouTube, Twitter, Facebook, TikTok | |
| Regional Restrictions | USA, Israel, Iran, Iraq, Canada, Russia, Afghanistan, Cuba, Eritrea, Liberia, Libya, Somalia, Sudan and Syria |
Fx-k was registered in 2017 in Saint Vincent and the Grenadines, specializing in forex, crypto, stocks, indices, and commodities markets. It provides three types of accounts, with a minimum deposit of $10 and a maximum leverage of 1:420. However, it should be noted that this company is not regulated, and it does not provide services to certain regions.
Pros and Cons
| Pros | Cons |
| Low minimum deposit | No demo accounts |
| MT5 supported | Lack of regulation |
| Multiple channels for customer support | Regional restrictions |
| Tight spreads | |
| Diverse tradable assets | |
| Optional Islamic accounts offered |
Is Fx-k Legit?
No, Fx-k is not regulated by financial regulatory authorities in Saint Vincent and the Grenadines, which means this company lacks regulation from its registration site. Please note the potential risks!
What Can I Trade on Fx-k?
Fx-k offers several types of products, including forex, cryptos, stocks, commodities, and indices.
| Tradable Instruments | Supported |
| Forex | ✔ |
| Commodities | ✔ |
| Indices | ✔ |
| Stocks | ✔ |
| Cryptos | ✔ |
| Bonds | ❌ |
| Options | ❌ |
| ETFs | ❌ |
Account Types & Fees
Fx-k provides three types of accounts: Standard, Premium, and Raw Account. Optional Islamic account is also offered, but free demo accounts are not available. The former two types of accounts do not charge any commission fee, and the Raw Account requires commission fees.
| Account Type | Minimum Deposit | Maximum Leverage | Average EUR/USD Spread | Commission | Optional Islamic Account |
| Standard | $10 | 1:420 | 0.8 pips | ❌ | ✔ |
| Premium | $5,000 | 1:420 | 0.7 pips | ❌ | ✔ |
| Raw | $10 | 1:420 | 0.2 pips | $6 per lot | ✔ |
Leverage
The leverage can be up to 1:420. Traders need to consider carefully before investing, since high leverage is likely to bring high potential risks.
Trading Platform
Fx-k uses MT5 as its trading platform, which is commonly used and is suitable for experienced traders.
| Trading Platform | Supported | Available Devices | Suitable for |
| MT5 | ✔ | PC, web, mobile, mac | Experienced traders |
| MT4 | ❌ | / | Beginners |
Deposit and Withdrawal
Fx-k claims that depositing is free and instant, and withdrawals are also fast which can be concluded within 24 hours. However, it does not reveal critical details such as pyament options and accepted currencies.
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