About Fx-k
Overview
Fx-k is a retail forex and CFD broker established in July 2024, according to our records, though its website claims a founding in 2022. The broker is incorporated in the Commonwealth of Dominica, with a registered address at #8 Jepson Lane, St. George, Goodwill. Fx-k operates without a known regulatory license from any major financial authority, placing it in the high-risk category for traders who prioritize oversight and investor protection.
Account Types
Our known facts identify three account types: RAW, PREMIUM, and STANDARD. The STANDARD and RAW accounts require a minimum deposit of $10, while the PREMIUM account requires $5,000. All three offer a maximum leverage of 1:420. However, the broker's website currently promotes four accounts: Standard, Raw, Zero, and Limitless, with varying features such as institutional spreads, zero spreads on majors, and unlimited leverage. This discrepancy suggests possible changes in the product lineup between our records and the live site.
Instruments and Platforms
Fx-k offers over 350 CFD instruments, covering forex, indices, commodities, and cryptocurrencies. The broker provides a trading platform available for download via its website, though the platform's name is not explicitly stated in the web excerpts. Based on standard practice for unregulated brokers, it may offer MetaTrader 4 or 5, or a proprietary solution.
Deposits and Withdrawals
The broker's support pages address common funding questions, such as minimum deposit and withdrawal amounts, fees, and methods. According to its website, there are no deposit or withdrawal fees, and clients can deposit even with a negative balance. The broker also outlines restrictions on transfers between accounts and third-party deposits.
Regulatory Status and Risks
Fx-k does not hold a license from any recognized financial regulator, including the FCA, CySEC, or ASIC. The absence of regulation means that client funds are not protected by compensation schemes, and there is no independent oversight of the broker's operations. Traders should exercise caution, as unregulated brokers carry elevated risks of misconduct, such as unfair pricing, withdrawal delays, or outright fraud.
Overview compiled by FXCanary from regulatory records and public data. full Fx-k review