RECOMMENDED FOREX BROKERS
Do not invest more money than you can afford to lose.
Spain’s financial watchdog CNMV published a warning that the forex brokers Financika, BKTrading and Safeklik are not regulated and authorized to provide investment services, including investment advice on financial instruments and transactions on foreign currency.
Financika is a brand name operated by the company Sharp Trading Ltd. with an address in Vanuatu. The mailing address, however, is in a gated community in Bulgaria’s capital Sofia. Financika offers trading in forex, CFDs, stocks, commodities and indices. The broker uses a proprietary trading platform, called Profit, which also has a web version. The SMN staff could not find on Financika’s site any regulatory information, nor readily available trading conditions such as minimum deposits, leverage, etc.
BKTrading’s website is unavailable, but it seems it used to offer trading in binary options.
The broker Safeklik offers trade in binary options and is a brand of the company SFKK Trading Solutions LTD, registered in London. It has a registration with UK’s Companies House as a company, offering management consultancy activities other than financial management, but is not regulated by UK’s financial watchdog – the FCA. Safeklik’s clients can open four types of accounts, with a minimum deposit starting from $200.