BKFX Journal

Journal status: live
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BKFX Profile
Website
Year
2020
Country
South Africa
Branches
2
Regulation
FSCA South Africa
Registration
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, STICPAY, LetKnow, Payr
Base currency
USD, EUR
Segregated accounts
yes
Interest on margin
no
Inactivity fee
after 3 months
Update broker

Is BKFX safe?

  • Investor protection: no
  • Regulation: FSCA South Africa
  • Registration: 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...

https://bkfx.io/wp-content/uploads/docs/terms.pdf

c) Likelihood of Execution: When the Company transmits Orders for Execution the likelihood of execution depends on the availability of prices. In some case it may not be possible to arrange an Order for execution...

7. EXECUTION VENUES

The Client acknowledges that the transactions entered in CFDs are not undertaken on a recognized exchange, rather they are undertaken over the counter (OTC) and as such they may expose the Client to greater risks than regulated exchange transactions. Therefore, the Company may not manage to have an Order executed, or it may change the opening (closing) price of an Order in case of any technical failure of the trading platform or quote feeds.

Further to this, the Client agrees to the fact that his orders will be executed outside Regulated Market (e.g. Licensed European Stock Exchange) or a Multilateral Trading Facility (e.g. European Financial Trading System).

8. CLIENT AGREEMENT

By entering into a Services Agreement with the Company for the provision of Investment Intermediary Services, the Client is consenting to an application of this Policy on him.

https://bkfx.io/wp-content/uploads/docs/execution.pdf

7. Unless expressly determined and stated otherwise, the Company may limit the number of transactions that you can enter into on any one day and also in terms of the total value of those transactions. You acknowledge that some markets place restrictions on the types of orders that can be directly transmitted to their electronic trading systems. These types of orders are sometimes described as synthetic orders. The transmission of synthetic orders to the market is dependent upon the accurate and timely receipt of prices or quotes from the relevant market or market data provider.

RICING

In respect of any transactions, the Company shall quote prices at which it is prepared to deal with you and it can exercise any of its rights as follows:

1. to close out a transaction, or

2. a transaction closes automatically.

https://bkfx.io/wp-content/uploads/docs/terms.pdf



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