BKFX Journal (Broker out of business)
| Journal status: closed BKFX out of business |
BKFX Profile
Website
bkfx.io
Year
2020
Country
South Africa
Branches
2
Regulation
FSCA South Africa
Registration
FSCA South Africa, FSA SVG
Investor protection
Fund protection
no
Publicly traded
no
Restricted in
Not serving
х Australia, Austria, Belgium, Bulgaria, Canada, Croatia, Cyprus, Czechia, Denmark, Estonia, Finland, France, Germany, Greece, Hungary, Iran, Iraq, Ireland, Italy, Japan, Latvia, Lithuania, Luxembourg, Malta, Netherlands, North Korea, Poland, Portugal, Romania, Slovakia, Slovenia, Spain, Sweden, Syria, US
Broker type
STP, ECN marketing
Dealing book
A-book
Tier
3
Execution speed
...
LPs total
...
LPs quality
Tier-1 Banks
LPs names
...
BKFX Accounts
STP
ECN
Minimum Deposit
100 $
5000 $
Leverage
2000 : 1
2000 : 1
Minimum Lot
0.01 lots
0.01 lots
EURUSD spread
1.5 pips
0 pips
Commission
0 $/lotRT
...
Volume
Unlimited
Unlimited
Margin Call
50 %
50 %
Stop Out
20 %
20 %
Execution
Market
Market
Spread
floating
floating
Scalping
no
no
Deposit & Fees
Deposit methods
Neteller, Skrill, LetKnow, Payr, Credit Card, Debit Card
Base currency
USD, EUR
Segregated accounts
yes
Interest on margin
no
Inactivity fee
after 3 months
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Is BKFX safe?
- Investor protection: no
- Regulation: FSCA South Africa
- Registration: FSCA South Africa, FSA SVG
- Publicly traded: no
- Segregated account: yes
- Guaranteed Stop Loss: no
- Negative Balance Protection: no
Is BKFX trusted?
- Information transparency: sufficient
★★★ - Customer service: ...
- BKFX website: highly detailed, updated
★★★★★ - BKFX popularity (by visitor count): low visits
★★
How BKFX works
Market Execution
A true market ECN environment with four types of trade execution combined with NDD. (No Dealing Desk).
Our spreads are market competitive with prices quoted from multiple top tier banks and liquidity providers.
All Strategies Allowed. Scalping - yes.
https://bkfx.io/overview/
“Matched Positions” shall mean Long and Short Positions or fully hedged positions of the same
Transaction Size opened on the Client Account for the same CFD.
“Scalping" is a form of trading strategy through which the Client performs and/or tries to perform numerous transactions within a small timeframe usually not greater than 5 minutes.
Each of the following constitutes an “Event of Default”:
a. Client is engaging into scalping as defined in this Agreement
k. If an Event of Default occurs, the Company may, at its absolute discretion and without prejudice to any other rights the Company may have under this agreement, at any time and without prior Written Notice, take one or more of the following actions:
I. terminates this Agreement...
“Scalping" is a form of trading strategy through which the Client performs and/or tries to perform numerous transactions within a small timeframe usually not greater than 5 minutes.
Each of the following constitutes an “Event of Default”:
a. Client is engaging into scalping as defined in this Agreement
k. If an Event of Default occurs, the Company may, at its absolute discretion and without prejudice to any other rights the Company may have under this agreement, at any time and without prior Written Notice, take one or more of the following actions:
I. terminates this Agreement...
https://bkfx.io/wp-content/uploads/docs/terms.pdf
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