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BK Market

Item: BK Market
Rating: 1.52

United Kingdom|5-10 years|

Suspicious Scope of Business|High potential risk|

http://www.bkmgll.com

Website

Open Account Time Machine

Rating Index

Contact

+852 63392245

support.uk@bkmgl.com

http://www.bkmgll.com

Licenses

No valid regulatory information, please be aware of the risk!

VPS Standard

No restriction on the broker account. Support service provided by WikiFX

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40G

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Warning: Low score, please stay away!

Previous Detection : 2024-12-05

It has been verified that this broker currently has no valid regulation. Please be aware of the risk!

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Time Machine

BK Market · WikiFX Survey

Benchmark	--
Maximum Leverage	1:100
Minimum Deposit	$1,000
Minimum Spread	1.8 pips
Products	--

Currency	--
Minimum Position	0.01
Supported EA
Depositing Method	--
Withdrawal Method	--
Commission	--

Platform Capital Ratio

--%

-- --

100%

--%

100%

Fundamental Item(A)
Total Supplementary Items(B)
Debt Amount(C)
Non-Fixed Capital(A)+(B)-(C)=(D)
Relative amount of risk(E)
Market Risk
Transaction Risk
Underlying Risk

Capital
$(USD)

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BK Market · Company Summary

General Information & Regulation

BK Market is said to be a UK-registered broker, the company behind it called BK Market Group Ltd, which turns out to be an offshore investment company not falling under any regulatory agency. So, it is unsafe to trade with this broker.

Markets Instruments

BK Market offers its clients forex pairs, as well as CFDs on indices, commodities, global equities and crypto currencies,

Minimum Deposit

There is no information about the minimum deposit requirement on the BK Market. Have in mind that with most brokers you can open a trading account with about 250 USD and with some big players you can start trading with less than 5 USD.

Leverage

With a leverage of up to 1:200, as offered by BK Market you can score good profit with a limited investment. Still, be aware that higher leverage comes with a price – the higher the leverage, the higher the risk of loosing your funds with the slightest fluctuation of the market.

Spreads & Commissions

Unfortunately, BK Market does not specify its spreads on particular instruments, when it comes to this part.

Trading Platform Available

BK Market offers a web based trading platform, which lacks some basic features, standard with classic trading platforms such as the MetaTrader4.

Deposit& Withdrawal

Potential clients of the brokerage have a very poor choice of payment methods before them. They may deposit or withdraw only via VISA and MasterCard, bank/wire transfer and bitcoin. Popular options such as Skrill or Neteller are missing. There are both deposit and withdrawal fees. There are as follows: 1.5 per cent for credit cards, 2.5 per cent for bitcoin and 1 per cent for bank and wire transfers respectively.