CKB

CKB is a brokerage company registered in Australia, having been founded on June 11, 2021. The broker's official website (ckbmarkets.com) is currently closed, which limits the availability of public information. As of our review, CKB does not hold any known financial regulatory licences, and its operational status is uncertain.

Given the absence of a functioning website and regulatory oversight, traders face significant challenges in verifying the broker's legitimacy and security. The company's registration in Australia does not imply any form of regulation by the Australian Securities and Investments Commission (ASIC) or any other authority. This lack of transparency is a major red flag for potential clients.

CKB offers three distinct account tiers, each with varying minimum deposit requirements and maximum leverage. The ECN account requires a minimum deposit of $10,000 and provides leverage up to 1:500. The VIP account has a lower minimum deposit of $2,000 but offers higher leverage of up to 1:1000. The Standard account is the most accessible, with a minimum deposit of $200 and leverage capped at 1:500.

These account structures are typical of high-risk forex brokers, particularly the VIP tier's 1:1000 leverage, which can amplify both gains and losses dramatically. Traders should be aware that such high leverage often accompanies unregulated or loosely regulated brokers, as strict regulators typically impose maximum leverage caps (e.g., 1:30 for retail clients in Europe).

CKB's regulatory status is a primary concern. Our records indicate that the broker is not regulated by any credible financial authority. While the company is registered in Australia, this registration does not confer any regulatory oversight. In Australia, ASIC is the main financial regulator, but CKB does not hold an Australian Financial Services (AFS) licence.

Without regulation, traders have no recourse through any investor compensation scheme or dispute resolution body. This absence of oversight means that the broker is not required to adhere to standards such as client fund segregation, regular reporting, or transparency in pricing and execution. For cautious traders, this lack of protection is a critical risk.

Specific details about trading instruments, platforms, and funding methods are not available due to the closure of the official website. The known facts do not list the instruments offered, but given the account types and leverage, it is likely that CKB provided forex, CFDs, and possibly other derivatives. The absence of this information makes it impossible to assess the breadth of offerings or the quality of execution.

Traders considering CKB would need to obtain this information from alternative sources, but the website's closure suggests that the broker may no longer be actively accepting new clients. This raises questions about the broker's ongoing viability and the status of any existing clients' funds.

Based on the available information, CKB presents a severe risk profile. The FXCanary Scam Risk Score of 75/100 reflects the combination of no regulatory licence, a closed website, and high leverage offerings. These factors together indicate a high likelihood of potential financial loss for traders.

We strongly recommend that traders exercise extreme caution and consider only well-regulated brokers with a proven track record. The absence of independent user reviews or verifiable operational history further compounds the risk. In our assessment, CKB is not suitable for any trader prioritising fund safety and regulatory compliance.