Learn about the various costs associated with Forex trading, including spreads, commissions, and other fees, helping traders make informed decisions and optimize their trading strategies.

The FxScouts Forex Awards for 2021 are here!  Congratulations to each of these brands for the hard work and dedication from their staff to be crowned as one of the best of 2021.

WARNING: As of 06/09/2022 BKFX has ceased operations and is no longer accepting new clients Founded in South Africa in 2017, BKFX is an FSCA-regulated broker offering trading on a range of financial instruments, including 40 Forex pairs, 7 indices, 5 commodities, 12 cryptocurrencies and 39 share CFDs.  BKFX offers four live accounts with a range of minimum deposit requirements to suit traders of all experience levels. Trading costs are higher than other STP/ECN brokers, with spreads starting at 1.8 pips (EUR/USD) on its Cent Account but improve to 1 pip (EUR/USD) on the Premium Account, in exchange for a high minimum deposit of 1,000 USD. However, BKFX does not charge any deposit, withdrawal or inactivity fees and provides negative balance protection for all traders. Unlike other brokers who offer several trading platforms, BKFX only offers support for MT4, but it does allow hedging, scalping and algorithmic trading. It also offers a VPS service at an additional cost and a PAMM Investor service for those interested in copy trading. BKFX’s educational and market analysis materials are relatively limited compared to other brokers, making it a poor choice for beginner traders