BKFX REVIEW
BKFX Review
Investing in the right trading platform is a good idea. Sign up for your account with BKFX, the broker of choice. From secure brokers to AI support and person-to-person service, BKFX offers you all this and more! Sign up online—in less than two minutes as well!
With a variety of financial instruments available, there are many ways to trade. Action is quick and takes no time at both ends. Financial instruments are strategically placed for you to invest affordably in assets that you want or need.
If you’re planning to enter the world of trading, then you’ve come to the right place! I’ll try my best to keep everything transparent, just as BKFX does.
The biggest advantages that make them stand out from other online brokers are that even new investors find their platform dynamic and easy-to-use! The reliable broker has plenty of learning materials for traders in order to learn how they work with different types of markets; we will be providing an unbiased bkfx review, without any bias coming from A to Z Markets themselves.
About BKFX Company
BKFX was founded in 2017 and operates under the cost-free MetaTrader platform on the web. It has two different bodies of operations: one is located in South Africa, where it’s called BKFX SA and is regulated by FSCA. The other group operates mainly all over Asia, with offices worldwide; they are known as BKFX International Ltd., also governed by regulation from local authorities like Japan’s Financial Services Agency (FSA).
The second branch is registered as BKFX SVG on Saint Vincent, but nobody regulates it. Main offices are located at two different places: Kingstown for SVG headquarters and Umhlanga for South Africa headquarters.
The minimum investment is $5
Max Leverage: 1:2000
Broker Type: The Straight-Through Processing (STP) system automatically carries out electronic end-to-end transactions for your buying and selling orders. Investment options include currencies, cryptocurrencies (like Bitcoin), energies and commodities, indices, stocks, and metals.
Products Details of BKFX
BKFX is a trading platform where you’re able to trade on whatever financial assets you choose. They will never share any information about their clients with anyone, not even their partners, under any circumstances!
BKFX provides users six different commodities for investment purposes in the following categories: currencies, Bitcoin and top altcoins, energies, indices, Metals (large range available), Stocks from top share exchanges like NASDAQ or NYSE Euronext.
Pros and Cons of BKFX
This is why we researched BKFX and found that it has a good reputation on the market. Clients love this investment platform because it offers lots of quality, which leads to constant praise. However, we also want you to know about some disadvantages that can happen at times, though those are rare cases! We will try our best to describe what they do well and where there might be room for improvement.
BKFX provides access to financial assets in places that might not have the same accessibility that other locations do.
- They offer unique solutions to the problems faced by many people with physical bodies – namely, low marketing fees and higher leverage guarantees that make them a well-known name on the market. There is also no withdrawal fee or any time commitment involved.
- BKFX doesn’t require a minimum deposit amount! You can trade with 1:2000 leverage on BKFX’s platform, which is more effective than trading elsewhere.
MetaTrader 4 has many disadvantages which mostly consist of the inability to use historical data and backtesting.
BKFX offers no ZAR account for trading. This means that it is not suitable for anything global – and the wide spreads can make it more difficult to trade, preventing investors from getting in or out of the market at any opportunity they get!
Is BKFX Good for You?
For those who are interested in world-class assets but don’t want to be on a busy trading floor, BKFX is the place for you. The first few months don’t require any initial investment, which guarantees financial security and transparency on the platform.
Membership
Signing up for BKFX Academy, which offers one month of access to their courses and education on the trading world with no hidden prices or costs, will cost you $10. Transparency guarantees are guaranteed by the platform, which makes it easy to calculate what your monthly costs will be.
The price of BKFX Academy courses is very affordable and allows access to live sessions, trading lessons, and e-books. There’s also an advanced calculator that makes it easy to figure out your daily PNL with a few simple clicks.
VPS Subscription
BKFX has a reliable and efficient data center facility. This makes their VPS service more accessible when it comes to their ISP connection, which is always active for 24 hours without any lag.
VPS allocates computation power, memory, and disk space. For one year, it costs about $250; however, monthly deals are also available for around $25–$30 each month. Though more expensive than annually, dealing with VPS plans may be cheaper over the course of a year!
Is BKFX Trustable?
BKFX is a reliable trading platform that secures your funds and provides 24/7 customer service. When you sign up with them, MT4, the software for traders who use MetaTrader 4, will be installed on your computer without any cost to you. They also have other tools that might charge an account fee based on what type of account it is: standard or pro-trader.
BKFX Review: Trading Platforms
BKFX is a forex broker that uses the MT4 platform. CFDs, stocks, indices, and other crypto are also accessible for your asset management. They offer four different trading platforms: a single-threaded MT4 desktop client with both 32- and 64-bit operation system compatibility; Android users can trade on their official app, the MT4 Android Trader; and an iOS mobile application dubbed the MT4 iPhone Trader or iPad Trader is available for Apple users.
BKFX provides traders with web-based trading facilities through which they can track their progress by allocating funds to various companies from any part of the world. They can also find these trade system features on BKFX’s website: The MQL 4 programming language is well known for its trade system program features.
BKFX Types of Account
You can create two different types of accounts: individual and corporate.
Individual Clients
If you trade in cryptocurrencies and Forex stocks, sign up for a BKFX account. Financial power is in your hands; it will grow with the increase in your trading skills. Your nationality doesn’t matter because clients from all around the world are accepted by BKFX as well!
On this platform, you have the freedom to choose whatever asset you want to invest in. It is best if you start out slow and only make costly mistakes with how things work by going too quickly. One major perk of this platform over others is that it has low latency as opposed to other platforms, so when trading time comes around, patience will pay off because quick trades can mean big losses or gains where milliseconds make a large difference! You will also have access to leveraged options, which means more opportunities are open than ever before, just like corporate-level basic options, which give you plenty of benefits for investing your money here on our website.
Corporate Clients
BKFX is a company that is responsible for providing separate funding security to corporate clients on the platform. They usually work with larger funds rather than individual accounts, and their customers are investors.
They’ll keep their big investors happy by providing facilities that are totally in accordance with the company’s understanding of human resources. Trading platforms are also the main shareholders of some big companies, helping them better align themselves and grow as they operate all over the world.
BKFX offers four types of accounts: individual, which only deals with one entity; corporate, which exclusively deals with large business groups or some kind of company; and joint personal account for people who are interested in investing their funds jointly.
Cent Account
BKFX offers a cent account for beginner traders. This type of output is understandable and simple to read, perfect for beginners who are just starting out in the market! You can call BKFX customer service if you have any questions about trading online.
Standard Account
Starting a new trading account with BKFX requires about $100. When beginning the process, many traders start off with only 100 dollars for their first deposit. BKFX margins end at 1000 cycles on an account
Premium Account
BKFX offers you the option to purchase a premium account and have an initial deposit of $1000. The maximum limit for this type of account is $5000. Included with your premium account are some additional cost-cutting features.
Raw Spread Account
Raw spread accounts are specifically for corporate investment and have lower fees on buy and sell trades. To qualify, an investment of at least $5000 is required. Anything over that will also be considered to fall in the same category. If you’re looking to invest your money long-term, raw spread accounts could make a solid foundation for a new plan.
The security arrangement for all account types and access to similar assets is the same. Trading plans start with an initial deposit of $5, so you should try one out if you’re interested in earning more from your trading platforms! Premium membership unlocks features like trade help; it’s worth it when it comes to taking care of your own investments.
Fees and Commission
A single aspect of your wealth management is not enough to reach a goal in life. To enter the world of trading, you need additional skills, and the first step is figuring out what fees you’ll need to pay when making trades on whichever platform.
We will try our best to see what kind of fee BKFX charges. You can be happy to hear that they do not charge anything for depositing or withdrawing money, but they do have fees for inactivity! So you should always consider those before committing to them because if left unattended too long (minus your protections), it could cause your account to go down the line.
Having higher trading costs than other platforms, BKFX is a good choice if you’re willing to invest $1000. The downside? You will be responsible for paying one pip per EUR/USD traded (pennies!), but the cost can come down dramatically by investing $1000.
BKFX is a stock exchange that offers you fair deals. In fact, your initial investments will not exceed $1000, and therefore you won’t lose lots of cash if they fall below this amount.
Deposit and Withdrawal Facility of BKFX
You can invest in the BKFX account using either cards or electronic transfers. You also have the option to use checks from your bank as well.
At BKFX, they don’t just help you make deposits. They also offer their customers the opportunity to withdraw funds at any time, day or night and all it takes is following the same process that you originally followed when depositing your money
To request a withdrawal with their available transaction tools.
The fund will not charge any fees on either deposits or withdrawals from your account. To start investing, you need to deposit at least $5 USD. The delivery time may vary depending on workloads, so avoid withdrawing large amounts when there are fewer staff members in the office for holidays or other major events where people are less active.
BKFX Review: Customer Support
BKFX has customer service representatives who are always ready to help and chatbots that can solve all problems. If they don’t find the answer, you’ll always be able to contact them by email or phone.
To get real human help from BKFX, the best way is to chat with an AI person on their site’s chat window; just let them know that you want assistance from a real person and wait your turn as necessary.
Putting your life on hold to wait for a service may not always be the best option, but it’s worth waiting when you know it will be provided by BKFX. They’ll do anything possible to respond in every way that might be necessary.
Is BKFX Regulated?
BKFX has two primary offices, the first of which is located in Umhlanga. This office is registered with FSCA, and they make sure that investments coming in are safe and no illegal activity is happening so investors can gain more trust among themselves.
As an investor, you might want to look for a platform before investing large sums of money into it. If the company doesn’t have any regulatory body or is not regulated by anyone then that’s when caution should be taken
There are no complaints about this broker online platform yet. This means that BKFX is not considered a scam because we haven’t seen any concerns online. You can trust them to trade on different types of assets and they’ll provide you with good profit margins!
Conclusion - BKFX Review
BKFX provides low trading fees. You can start your journey off with just $5 and enjoy the knowledge they provide in their BKFX Academy that will help you grow as an investor over time!
The internet and mobile app offer access to markets across the world 24/7, and it’s safe thanks to FSCA regulations that keep traders’ financial terms in check. If you’re looking for a reliable way to trade, then day trading is what you need.
BKFX is a trading platform with low fees. You can start your journey on their platform for an affordable price, as you only need $5 to get started! They also have knowledge in their BKFX Academy that will help you grow over time.
Risk Warning:
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. The vast majority of retail client accounts suffer capital losses when are executed on CFDs. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Trading on margin involves a high level of risk, including full loss of your trading funds. Before proceeding to trade, you must understand all risks involved and acknowledge your trading limits, bearing in mind the level of awareness in the financial markets, trading experience, economic capabilities and other aspects.
BKFX LLC is authorized by the St. Vincent and the Grenadines Financial Services Authority under registration number 701 LLC 2020. BKFX LLC’s registered address is at EURO HOUSE, Richmond Hill Road, P.O BOX 2897, Kingstown, VC0100, Saint Vincent and the Grenadines.