BKFX Review – A Secure, Reliable Broker

bkfx

Why trade with BKFX:

  • 100+ trading instruments
  • High leverage of up to 1:500
  • Ultra-low latency trading
  • Low minimum deposits
  • Excellent educational materials
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BKFX is a regulated Forex and CFD broker based in South Africa. It is a great broker for both new and experienced traders. Why? Firstly, it has excellent trading conditions. It offers 100+ trading instruments from five major asset classes including forex, crypto, shares, commodities, and indices. It also allows different trading styles such as hedging, EA trading, and social trading. Secondly, BKFX offers excellent trading support. For new traders, it has educational materials, video tutorials, and demo accounts. For more experienced traders, it also offers detailed market analysis, advanced trading tools, and access to high leverage. Above all, it offers great client support.

About BKFX

Regulation

BKFX is regulated by the Financial Sector Conduct Authority (FSCA) of South Africa with License no. 49288. Therefore, the company complies with all local regulations and can be considered a trustworthy provider.

Fund Safety

BKFX has many measures in place to protect client funds. Firstly, it keeps client funds in segregated bank accounts. This guarantees that client funds are not used for any activities related to BKFX. Secondly, it has automated negative balance protection. This means that client balances never drop below the level of the original amount deposited. Finally, it also ensures all of its trading systems are fully encrypted with SSL (Secure Sockets Layer). This means it uses a standard security protocol that enables maximum protection against fraudulent activities.

Platforms

BKFX uses one of the industry’s most popular and most reputable platforms – Metatrader4. The company offers several different versions of the platform. You simply choose which version you want to download based on your preferred device. Furthermore, you can also get great trading conditions on the platform.

Leverage – 1:1 to 1:500
Spreads – from 0 pips
Volume – 0.01 lots
Currency – USD, EUR

Account Types

BKFX has four main account types. These are the Cent Account, the Standard Account, the Premium Account, and the Tailor Made Account. Each account type comes with different trading conditions. Moreover, each account type also has a swap-free Islamic account option.

Minimum Deposits

The minimum deposit varies depending on which account type you choose.

Cent Account – $5
Standard Account – $100
Premium Account – $1,000
Tailor Made Account – $10,000

Deposits & Withdrawals

BKFX offers a great selection of payment methods. The main options are Neteller, Skrill, Sticpay, LetKnow, Zotapay, Dragonpay, and Payguru. There are no deposit or withdrawal fees.

Education

BKFX offers a wide range of educational materials including video tutorials, eBooks, audio books, and a forex glossary. Their content is suitable for new traders who need to get a better understanding of how forex trading works and how to use a trading platform. It is suitable for more experienced traders who would like to improve their technical analysis skills. However, it is worth noting that although the content is free, you need to register for an account in order to access most of the educational materials.

Extra Trading Services

BKFX also offers VPS services. With these services, you can benefit from lower latency, better connectivity, and faster trade execution. This is helpful if you want to trade using expert advisors or using more advanced trading strategies.

Documents

Opening an account is easy. You only need to provide BKFX with proof of ID and proof of address. For example, the proof of ID could be a copy of a valid passport, a driver’s license or another government-issued identity card. Whereas, the proof of address could be a copy of a recent utility bill or bank account statement.

Support

It is easy to get in touch with the BKFX Support team. You can contact them via live chat, as well as by phone.

Support Numbers:
‎+27 10 44 64 500 (local)
‎+44 20 80 97 62 00 (international)

In addition, you can email them directly at [email protected]

Conclusion

BKFX is a reliable, regulated broker. The company prides itself on its transparency, its trustworthiness, and its ability to offer a great online trading experience. It also prides itself on its excellent trading conditions, innovative technology, and excellent customer support. As a broker, therefore, it offers a great service suitable for all traders.

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