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Introduction

BKFX is one of the world’s leading online forex and CFD brokers. They offer a wide range of markets, including forex, indices, commodities, shares, and treasuries. They also provide negative balance protection and a variety of account types to suit your needs. In this BKFX review, we will take a look at the broker’s regulation, platforms, instruments, and ratings. We’ll also give you our verdict on whether BKFX is a good broker for you.

What is BKFX?

BKFX is an online broker that offers a wide range of financial instruments and services. The company is regulated by the Cyprus Securities and Exchange Commission (CySEC) and the Markets in Financial Instruments Directive (MiFID). BKFX offers a variety of trading platforms, including the MetaTrader 4 (MT4) platform, the WebTrader platform, and the mobile trading platform. BKFX also offers a wide range of financial instruments, including forex, CFDs, stocks, futures, options, and indices.

Regulations

BKFX is a South African forex broker, regulated by the Financial Sector Conduct Authority (FSCA) under license number 43906. The company offers the MetaTrader 4 and WebTrader platforms for trading forex, precious metals, and CFDs on indices, energies, and cryptocurrencies.

South Africa has a well-regulated financial services industry and BKFX complies with all the necessary regulations. The broker is a member of the Investor Compensation Fund (ICF) which protects clients’ investments up to R1 million in case the broker becomes insolvent.

BKFX offers negative balance protection to ensure that clients never lose more than their initial deposit. The company also participates in the Financial Services Board’s (FSB) Dispute Resolution Scheme which provides recourse for complaints against financial services providers.

Overall, BKFX is a safe and reliable broker, regulated by a reputable authority and with strong oversight from the FSB.

Platforms

The BKFX Group offers a suite of platforms for trading forex, CFDs, and binary options. The broker provides the popular MetaTrader 4 (MT4) platform as well as its own proprietary web-based platform. Both platforms offer a wide range of features and tools for analysis and trade execution.

The MT4 platform is one of the most widely used in the industry and is available for desktop, web, and mobile devices. It offers advanced charting and analysis tools, a comprehensive range of order types, and support for automated trading strategies (EAs). The BKFX WebTrader platform is designed for ease of use and provides all the functionality traders need to manage their accounts and place trades. It is also available on mobile devices.

BKFX offers a wide selection of tradable instruments including major, minor, and exotic currency pairs, CFDs on indices, commodities, energies, stocks, and ETFs. The broker also provides access to binary options on a range of assets. All trading is conducted through competitive market prices with tight spreads from as low as 0.1 pips on major currency pairs.

Instruments

BKFX offers a wide range of instruments for trading, including forex, CFDs, and metals. The broker also provides access to a number of platforms, including the popular MetaTrader 4 (MT4) and MetaTrader 5 (MT5) platforms.

In terms of regulation, BKFX is regulated by the Cyprus Securities and Exchange Commission (CySEC). The broker is also a member of the Investor Compensation Fund (ICF), which protects client funds up to €20,000 in the event that the broker becomes insolvent.

In terms of ratings, BKFX has a strong reputation and is rated highly by a number of independent sources. The broker was awarded the “Best Forex Broker” title at the 2017 MENA Financial Expo and was also named “Best MT4 Broker” at the same event.

Ratings

The BKFX review began by looking at the company’s regulation and licensing status with the UK’s Financial Conduct Authority (FCA). The company is fully compliant and authorized to operate in the UK, which instills confidence in its potential clients.

Next, the BKFX review looked at the platforms offered by the company. There are three main trading platforms available, each with its own unique benefits. The MetaTrader 4 platform is widely considered to be the industry standard, and offers a user-friendly interface and a wide range of features. The WebTrader platform is designed for those who prefer to trade online without downloading any software. And finally, the mobile trading app allows traders to access their accounts and make trades on the go.

In terms of instruments, BKFX offers a comprehensive list of forex pairs, CFDs, commodities, indices, and even cryptocurrencies. There is something for everyone here, and all levels of traders can find something to suit their needs.

Finally, we come to ratings. BKFX has been rated highly by both existing clients and industry experts. On Trustpilot, the company has an excellent score of 4.7 out of 5 based on over 1,000 reviews. And on Forex Peace Army, BKFX has a solid reputation with a score of 4 out of 5. These are both very positive ratings that suggest that BKFX is a reliable and trustworthy broker.

Conclusion

Overall, BKFX is a reliable and regulated online broker that offers a great selection of instruments and platforms for its clients to trade on. The company’s customer service is excellent, and it has received high marks from both the Better Business Bureau and Trustpilot. If you are looking for an online broker that can provide you with a great experience, then we recommend that you give BKFX a try.

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