Abstract：The so-called brokerage BKYHYO is nothing more than an outright scam, please stay away from it!!!
“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.” The investor added: “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.”
In fact, we received more than 50 requests to Wikipedia from investors who complained that BKYHYO was a complete scam, and that some investors are still completely caught up in the scam and don't even know it. We wrote this article today specifically for investors to draw attention to the fact that they should stay away from this trader because it really is a trader with a lot of dark history and illegal trading.
With such complex regulatory information, how should investors distinguish between good and bad traders？ It's as simple as typing the name of the broker into WikiFX before you invest, you will see every aspect about this broker. WikiFX also provides a comprehensive score based on license, business, risk control, software and regulatory, which is benefit for investors to make judgments.
Now let's search “BKYHYO” on WikiFX APP to find out more about this broker. WikiFX is an authoritative global inquiry platform providing basic information inquiry and regulatory license inquiry. WikiFX can evaluate the safety and reliability of more than 36,000 global forex brokers. WikiFX gives you a huge advantage while seeking the best forex brokers.
As you can see, based on information given on WikiFX(https://www.wikifx.com/en/dealer/3653213461.html), BKYHYO currently has no valid regulatory license and the score is rather negative - only 1.30/10! WikiFX will give brokers a composite score in five categories: license index, business index, risk control index, software index and regulatory index. Since BKYHYO does not have any supervision and does not obtain a regulatory license, the license index, risk control index and regulatory index all score 0, and the final total score is 1.30 (out of 10). Investors can see the overall situation through WikiFX, with higher scores indicating a more reliable broker.
BKYHYO has alleged to be registered in the UK, but WikiFX finds nothing from the Financial Conduct Authority(FCA). Besides, WikiFX also finds BKYHYO suspected of having a cloning license. According to his displayed license plate--0539341, it belongs to another company registered in the United States, and this company has no connection with BKYHYO.
Please note that WikiFX is also reminding the majority of users: low scores, please stay away!
The number of the complaints received by WikiFX have reached 51 for this broker in the past 3 months. Please be aware of the risk and the potential scam!
From all the above information we can know that trusting a broker like BKYHYO Forex is simply not worth it – you will certainly end up robbed. WikiFX reminds you that forex scam is everywhere, you'd better check the broker's information and user reviews on WikiFX before investing.
You can also expose forex scams on WikiFX. WikiFX will do everything in its power to help you and expose scams, warn others not to be scammed. In addition, scam victims are advised to seek help directly from the local police or a lawyer.