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BKS Fintech

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Founded: - Min Deposit: -

Headquarters: - Max Lev: 1 : 400

Risk Level I

BKS Fintech is only registered with SVG FSA, but SVG FSA does not regulate foreign exchange.

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Licence Status
SVG FSA 3040
Authorised
Contact
https://bksfintech.com/
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Website Language
Chinese,  English
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Q&A

Is BKS Fintech a good option?

FXleaks
Anguilla
2024-06-14
ANSWER No, BKS Fintech should not be trusted due to its regulatory status.The broker purports to be registered with the Financial Services Authority of St. Vincent and the Grenadines (SVG FSA), hold the AR license from the Australian Securities and Investments Commission (ASIC), and be a licensed broker under the National Futures Association (NFA). However, the truth is different. The AR license from the ASIC has been revoked and the claimed NFA ID is merely for tracking purposes. BKS Fintech is not an NFA member. The potentially valid registration is its SVG FSA registration, but the SVG FSA does not license forex trading brokerage activities. Essentially, BKS Fintech operates in an unregulated environment.Given this, BKS Fintech presents additional risks to investors. Traders dealing with it face the risk of losing their funds due to the absence of regulatory supervision. Therefore, we strongly advise investors to avoid BKS Fintech and instead opt for fully regulated brokers.
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Risk Warning:

FX trading is of high risk and may not be suitable for all investors. Leverage will create additional risks and loss. Before trading, please carefully consider your investment objectives, experience level and risk tolerance. You may lose part or all of your initial investment; do not invest money that you cannot afford. Educate yourself about the risks associated with FX trading. If you have any questions, please consult an independent financial or tax advisor. Any data and information are provided "as is" and only for information purpose, not for trading or recommendations. Past performance does not predict future results.

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