Is BK-Coin Scam or Legit Broker?

No, it is not safe to trade with BK-Coin. According to the broker’s website, the broker is located in London, UK, as well as mentions full regulation and operation under European regulators with numerous received awards for successful operation. However, this is not the case and the provided information is false. 

About BK-Coin
🗺️ Registered inNo Registration
🗺️ Type of LicenseNo License
🛡️ Is BK-Coin safe to tradeNo
🗺️ Recommended LicensesFCA in UK 🇬🇧 & ASIC in Australia 🇦🇺
🖥 Alternative BrokerGO Markets - licensed by ASIC in Australia

What is BK-Coin?

BK-Coin claims its leading position in online trading and crypto-currencies offering, through a transparent and enjoyable way, with millions of clients in more than 50 countries around the world. 

  • However, the company does not hold a top-tier regulation. It is important to mention that being a UK financial service firm the company license by FCA is mandatory. Therefore, the colorful and bright side of a BK-Coin broker is absolutely false information.
  • In addition, the broker received a warning from a Belgium authority FMSA explaining how frauds work and why traders should be very careful while trusting or planning to engage in Crypto trading. 

“Once the fraudsters have your contact details, they offer you an investment they claim is secure, easy and very lucrative. They try to inspire confidence by assuring you that you don’t need to be an expert in cryptocurrencies in order to invest in them. They claim to have specialists who will manage your investments for you.”

FMSA, Belgium. October 2018.

BK-Coin Review

BK-Coin Review Conclusion

We advise to stay away from BK-Coin and sign in with Regulated Brokers only that hold a reliable license and are constantly overseen, with a report of every open trade along to the scheme coverage or even more. There are many companies that are licensed by the regulators like UK’s FCA brokers such as FBS and BlackBull Markets recommended as the best trading company provider.

BK-Coin Update

Based on our research, the BK-Coin website is inactive. This means the broker has muted its trading offering and does not operate. However, we recommend avoiding and staying alert in case of any proposals. 

No news available.

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