Reported Website: https://www.bkyhyoltd.com/
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.
