Contents
About BKFX
BKFX is a reliable, regulated forex broker based in South Africa. It offers excellent trading conditions, great account options, and a safe trading environment. It also offers detailed market analysis, advanced trading tools, and great customer support.
Key Benefits
Regulation
BKFX is regulated by the Financial Sector Conduct Authority (FSCA) of South Africa. It complies with all local regulations and it is a safe, trustworthy forex broker.
Fund Safety
BKFX keeps client funds in segregated bank accounts, separate from its own funds. This guarantees that client funds are not used for operational purposes.
Trading Platforms
BKFX has one of the industry’s best and most reputable platforms – Metatrader4. The company offers different versions of the platform. All you need to do is choose which version you want to download based on your preferred trading device.
Trading Instruments
BKFX offers 100+ trading instruments from five major asset classes including forex, crypto, shares, commodities, and indices.
Account Types
BKFX has four main account types: the Cent Account, the Standard Account, the Premium Account, and the Tailor Made Account.
Spreads | Instruments | Minimum Deposit | Max. Leverage | Commission | |
Cent | From 1.8 pips | 50+ | $5 | 1:500 | N/A |
Standard | From 1.5 pips | 100+ | $100 | 1:500 | N/A |
Premium | From 1 pip | 100+ | $1000 | 1:500 | N/A |
Tailor Made | From 0 pip | 100+ | $10 000 | 1:500 | N/A |
Deposits & Withdrawals
BKFX has a wide range of payment methods including 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.
BKFX Customer 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. 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.
Ready to sign up? Register for an online trading account with BKFX here.