Tag: EntreBiz

We have already alerted investors against the offshore broker BKFX, operated by the FSCA-regulated BKFX (Pty) Ltd in South Africa and BKFX LLC registered in St. Vincent & The Grenadines. BKFX solicited clients from the EU, UK, and other jurisdictions withouth regulatory permission. In an email we received today in our several accounts, BKFX informed that it would terminate the business in our country, i.e., in the EU and the UK, by 31 August 2022. That's good news for investors. Goodbye and please don't come back!

MarketFinancials Ltd, regulated by FSA Seychelles, operated the offshore broker bkfx until 2020. At least that's what the broker's records show. Currently, FSCA-regulated BKFX (Pty) Ltd in South Africa and BKFX LLC registered in St. Vincent & The Grenadines are the operators. BKFX offers leverage of up to 1:2000. In the EU and UK, a maximum of 1:30 is allowed. However, BKFX accepts clients from the EU, UK, and most other jurisdictions where it operates unauthorized and non-compliant.