Global Broker Regulation Inquiry App

About WikiFX

Broker Search

English

简体中文

繁體中文

English

Pусский

日本語

ภาษาไทย

Tiếng Việt

Bahasa Indonesia

Español

हिन्दी

Filippiiniläinen

Français

Deutsch

Português

Türkçe

한국어

العربية

اردو

Download

bkfx

Regulatory Status

Unverified

Regulation & License

FSCA

Regulatory Information: Lower-tier regulation; investor protection may be limited.

Score

1.87 /10

Regulation

2.69

Tech

4.58

Reputation

4.08

Business

6.92

Risk Control

2.33

How is the TrustScore calculated?

bkfx Comprehensive Review

BKFX LLC is an unverified entity operating from Saint Vincent and the Grenadines with a severely low safety score, indicating a highly suspicious operational profile that warrants extreme caution.

Regulatory Status
BKFX LLC operates without verified financial regulatory oversight. It is registered in Saint Vincent and the Grenadines, a jurisdiction known for not licensing or supervising forex brokers. A listed license from South Africa's FSCA is explicitly flagged as 'Unverified'. There are no confirmed, active licenses from reputable global financial authorities. Trading with an entity lacking credible regulatory supervision presents a severe risk warning.
Trust Score
The broker has an extremely low WikiFX composite score of 1.53/10. The sub-scores reveal critical weaknesses: a Regulatory Index of 0.0, a License Index of 0.0, and a Risk Control Index of 0.0. These scores indicate a complete absence of regulatory supervision and fundamental risk management protocols. A Software Index of 4.0 and a Business Index of 7.12 suggest the entity maintains a basic operational presence, which does not compensate for the foundational lack of safety and oversight.
Business Scale
The broker offers four distinct account types: Raw Spread, Premium, Standard, and Cent. These accounts feature high maximum leverage of up to 1:2000 and support automated trading strategies (EA) and scalping. Minimum deposit requirements vary from as low as $5 for the Cent account to $5,000 for the Raw Spread account. Spreads are advertised starting from 0 pips on the premium account. Specific details regarding trading server infrastructure or platform architecture are not publicly disclosed.
Operating History
BKFX LLC has been operating for an estimated 5-10 years. The company is formally registered in Saint Vincent and the Grenadines (SVG), an offshore jurisdiction that does not grant forex trading licenses or provide regulatory oversight for such activities.
Fund Safety
The broker's fund safety environment is assessed as critically weak. With a Risk Control Index of 0.0 and no verified regulatory licenses, there are no established frameworks for client fund segregation, compensation schemes, or external audits. The absence of oversight means client funds are not protected by any regulatory safety net. Withdrawal processing times vary based on the broker's specific policies and AML verification requirements.

bkfx Regulation & License

Unverified
Click to View

Note: The above regulatory information is sourced from the official bkfx website.

Basic Information

Registered Region
Saint Vincent and the Grenadines
Operating Period
5-10 years
Company Name
BKFX LLC

Customer Service Email Address
info@bkfx.io
Contact Number
+44 20 80 97 62 00
Company Website
--

Related Brokers

Trustplus247

Not Regulated

1.94 /10

Trustplus247 is currently not regulated by any major financial authority; its overall safety profile is significantly weaker than licensed competitors, requiring high-risk vigilance from potential users.

Level Finco

Not Regulated

1.70 /10

Level Finco is currently not regulated by any recognized financial authority, a status that presents severe risks for client assets, and maintains an exceptionally low WikiFX score, indicating an overall safety profile significantly weaker than industry standards, so investors should maintain high risk vigilance.

Trust Markets

Not Regulated

1.78 /10

TM LLC (Trust Markets) is not currently subject to any formal regulatory oversight and exhibits a suspicious business scope. Its overall safety profile is significantly weaker than regulated brokers, necessitating a high degree of risk vigilance.

EXTREDE

Not Regulated

1.70 /10

EXTREDE currently has no verifiable valid regulatory license, which means investors cannot confirm whether the platform is under continuous supervision by a financial regulator. Its WikiFX score is 1.70/10, a very low score that shows weak support in regulation and overall data. Overall, EXTREDE is unsafe and is not recommended for investors. Note: Regulatory status, trading conditions, and risk assessments may vary by jurisdiction. The WikiFX score reflects currently available information. Please verify all entity details independently before trading. (Updated: 2026-09-22)

GICM

Not Regulated

1.72 /10

GICM currently has no verifiable valid regulatory license, which means investors cannot confirm whether the platform is under continuous supervision by a financial regulator. Its WikiFX score is 1.72/10, a very low score that shows weak support in regulation and overall data. Overall, GICM is unsafe and is not recommended for investors. Note: Regulatory status, trading conditions, and risk assessments may vary by jurisdiction. The WikiFX score reflects currently available information. Please verify all entity details independently before trading. (Updated: 2026-09-22)

Frequently Asked Questions About bkfx

Is BKFX regulated?
No. BKFX LLC is not currently regulated by any recognized financial authority. An attempted link to a South African FSCA license is flagged as 'Unverified'. The broker is registered in Saint Vincent and the Grenadines, a jurisdiction that does not license or oversee forex brokers.

Is BKFX safe and legit?
Safety concerns exist due to a lack of credible regulation and an extremely low WikiFX composite score of 1.53/10, suggesting traders exercise extreme caution.

How does BKFX protect funds?
With a Risk Control Index of 0.0 and no verified regulatory oversight, there is no established framework for client fund segregation or external compensation schemes. The absence of supervision means client funds are not protected by any regulatory safety net.

Can I withdraw from BKFX anytime?
Withdrawals are available in accordance with BKFX's policies. Withdrawal processing times vary based on the broker's specific policies and AML verification requirements.

Does BKFX offer Negative Balance Protection?
Negative balance protection is not clearly disclosed. The absence of regulatory oversight means there is no mandatory requirement for such a protection mechanism.

Any regulatory warnings for BKFX?
The broker's primary regulatory warning is its status as an 'Unverified' entity operating without credible oversight. There is no confirmed, active license from a reputable financial authority.

Is BKFX customer service 24/7?
Specific operational details, including customer service hours, are not publicly disclosed. Potential clients should verify this information directly with the entity.

What is the minimum deposit for BKFX?
Minimum deposit requirements vary by account type, ranging from $5 for a Cent account to $5,000 for a Raw Spread account.

Does BKFX offer demo accounts?
Information regarding the availability of demo accounts is not disclosed in its operational profile.

How long do withdrawals take with BKFX?
Withdrawal processing times vary based on the broker's specific policies and AML verification requirements.