CKfx Forex Broker Review

 

If you visit the CKfx website, you a struck with the thought of how simple the layout and design is. And that is how they approach the forex broker business, by keeping things as simple as possible for the client.

Not many people know this but CKfx is really an introducing broker for their parent, Forexyard. They accept deposits through major credit cards as well as bank transfers. American Express, Mastercard and Visa are all accepted credit cards.

Withdrawals are fairly quick and only take up to five days. Customers can trade on two types of Forex Trading software available, a Java based or downloaded version. It is functional enough, with most of the tools necessary present. Commodities are available for trade as well. The two commodities offered are gold and silver.

This broker supports nine major languages worldwide. They These include German, Swedish, French, Italian, English, Dutch, Spanish and Arabic. They charge clients spreads that are somewhat competitive. 30 different currency pairs are offered to clients that sign up with CKfx.

One hundred dollars is the minimum requirement for their mini account. Leverage offered is reasonable with a maximum leverage of 200:1 offered. Unfortunately, they charge a fee for deposits and withdrawals on the super mini account.

Clients can contact support through their chat feature or by calling them. However, they are not forthcoming in admitting that they are an introducing broker for Forexyard. Perhaps they prefer to distance themselves from Forexyard and want to be viewed as a stand alone Forex broker. But the truth is, they are not.

They are so far regulated only in Europe. They have some of the best promotions on the internet. Any profits made from their demo accounts can be moved to their real accounts. Eligible customers must have 20 or more trades on their Free Forex Demo Account in addition to a minimum of 500 trades on their live accounts for at least 3 months. In all fairness, such a promotion cannot be found with any other online forex broker.

Due to their smaller size, CKfx is widely considered a niche broker. But they are hoping to change all that with their aggressive promotions.

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