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BKYHYO LTD

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Operating status: SCAM

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

Broker violations and abnormal records
  • 2022-08-08 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.

    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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1 comments

Roshan Menda
BKYHYO LTD. is a fraud company involved in scamming people and taking away their hard earned money. Their modus operandi is to lure people thru dating apps and make them part of their website. They ensure the person luring seems legit, caring and kind. The person pushes you to keep pumping in more money since it will help you make huge profits. They are so good that they make you believe its all legit and their is money to be made. I now cannot withdraw my funds lying in the account.
2022-10-25
2
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