FKD Review – The Truth About Online Broker fkdfxhk.com

Is FKD a Scam Broker?

FDK claims to be a regulated forex broker that operates in the most important global markets. Even a cursory look at this website will reveal that it is not what you think. FKD is just another scam online that tries to con uninformed people out of their hard-earned money.

A legitimate broker’s website will provide clear and complete information about the company it owns, its location and the regulatory regimes it is subject too. A comprehensive set of legal documents is required for licensed financial service providers.

We don’t have the Terms and Conditions, Customer Agreement, or any other legal documentation found on the FDK site.

The website’s footer lists FKD Finance Limited, while the registration data for FKD software shows FKD Limited as the owner. We found no evidence of such legal entities.

FKD claims to be licensed by the Financial Services Authority of the United Kingdom.

But the UK financial regulator is actually called the Financial Conduct Authority (FCA). No authorised broker with that name and using that domain can be found on that regulator’s register.

This website is available in English and Chinese, and is targeted primarily at Chinese speakers. FDK has a Hong Kong contact address, not the UK. However, FDK does not have the required license to operate in Hong Kong Securities and Futures Commission database.

It is important to ensure that you invest your money through a licensed intermediary before investing in financial instruments.

You can trade on financial markets with confidence by using licensed brokers who are based in established financial centers like the UK. The FCA has strict requirements regarding financial stability and transparency.

Choose only trustworthy and reliable brokers. You can read about the best ones in our article Best online brokers in 2023.

Terms and Conditions of Trade

Visit the licensed broker’s website to find different types of trading accounts that suit investors with different preferences. You will also find detailed descriptions of trading parameters such as minimum deposits, order execution methods, leverage, spreads, commissions and other financial instruments.
The FDK site doesn’t provide as much detail, including a list of traded instruments. On the trading platform, we only see a few major currency pairs.

The spreads promised on the site are 2-3 pips. This is a high level of risk and low profit for investors. The spread on the trading platform is even larger.

The FDK website mentions a maximum leverage of 1:0000. This could also be an indication that FDK does not have a broker in the UK.

Like EU regulators, the FCA limits leverage to 1:30 for trading major currency pairs and below for volatile assets.

High leverage can lead to large profits, but it also increases the likelihood of losing a lot of money. Retail traders are therefore restricted by all major regulatory agencies.

Professional clients are not allowed to use higher levels of leverage. They trade at their own risk.

Deposit and Withdraw From Broker Account

The FKD deposit menu was unfunctional at the time we made this review. We were therefore unable to determine which payment options were available.

According to the website, deposits and withdrawals can also be made via China-based payment processors like UnionPay or PerfectMoney.

Most brokers are licensed to offer their clients transparent payment options, such as bank transfer, credit/debit card, and established ewallets like PayPal and Skrill.

The minimum deposit required by the FDK is not known. The industry’s most established brands offer Micro Accounts for beginners with a minimal deposit.

Scammers could have created many traps, such as hidden fees or impossible-to-meet withdrawal terms.

Every day new scam brokers and trading bots appear on the web with only one goal – to steal your money. We have already exposed some of them, for example – CED Capital Limited, Trade Capitol, Ronghui.

FKD: Video

You can also write a comment under the video on our YouTube channel to tell other traders about your experience. But if you’ve already been a victim, contact us for a free consultation by filling out the form at the top of the page.
Below you will find a short video about FKD. Watch it so you don’t miss anything important. In a few minutes you’ll learn the whole truth about FKD!