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BKYHYO LTD

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Risk Level - High

Scam Evidence & Warnings

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BrokersView has Reviwed that BKYHYO LTD is an Unregulated Forex Broker BKYHYO LTD is not a reliable broker for traders even though it states offers that look good to be true. BKYHYO LTD claims it has registration in the Companies House of the United Kingdom (CH) under the registration number: SC694231. We indeed find a match result to BKYHYO LTD in CH, but please be informed that CH is the United Kingdom's registrar of companies that has no legit rights to regulate any forex activities. Having registration does not mean having any regulation. As per United Kingdom law, all firms and individuals offering, promoting, or selling financial services or products in the UK have to be authorized or registered by the UK Financial Conduct Authority (FCA). However, we did not find any match results to BKYHYO LTD in FCA. That means BKYHYO LTD is not an approved broker to offer financial services in the United Kingdom. Besides, BKYHYO LTD claims its regulation by the US National Futures Association (NFA) with an NFA ID: 0539341. But when we searched in NFA, we only find this broker is not under valid regulation by NFA since it is not an approved member of this regulator. The truth is that BKYHYO LTD is not overseen by any regulators. Investors' funds in this broker are unsafe and cannot be protected by any law. Therefore, it is a scam.

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BrokersView has identified that BKYHYO LTD's website is currently offline BrokersView found that the domain "https://www.bkyhyoltd.com/" is currently inaccessible. This is widely regarded as a significant red flag, as the suspension of a broker's website often points to underlying regulatory or operational issues.

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I can't withdraw my money from BKYHYO! I have $3500 in my account and I can't withdraw it!BKYHYO keeps reject my withdrawal request for many times and I can't getting in touch with their customer services!Can you help me? View Source

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Am I being scammed? The platform won't give me a withdrawal, and customer service can't be reached. Am I being scammed? View Source

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