CKFX

CKFX is based in Cyprus and is EU regulated,CKFX is a part of the Forex Yard group so straight away you know you are in capable hands, between them they aim to lower the barriers to entry and allow everybody who wants to to have a got at trading the markets. CKFX claims to be able to have you trading within 3 minutes, in our experience it takes slightly longer but not by much, the sign up process really is very easy!

When you access CKFX’s website, the first word that comes to mind is “simplicity”. The site is as simple and empty as can be, with very little information. Do not let that fool you though, CKFX has a nice offering and in some cases, even outdoes its parent, Forex Yard, for who they act as an introducing broker.

The registration and deposit process are easy and straight forward with the ability to deposit funds using a bank transfer or credit card; all the major cards are accepted. The withdrawal process turned out to be quite easy as well only taking up to 5 days to withdraw funds.

Trading Platform

In terms of the trading itself, their Forex Yard Trading Station platform is easy to use and full of functionality. Some features included in their downloadable platform include Stop Losses, Take Profit, charts and graphs, trading history, and the support for commodities like gold and silver. In addition to their standard platform, they also offer a Java-based platform that is compatible with Macs and does not need to be downloaded, which can be a huge advantage to many new traders.

Website

CKFX’s website is available in 5 languages, English, Dutch, Spanish, French, and Italian, while their platform adds a few more including Arabic, Finnish, German, and Swedish.

CKFX offers a Live Chat. By filling out a form, email and a phone number you have the ability to be contacted and can communicate directly.

Type of accounts

There are two types of real accounts: a Starter account and a Standard account. The Starter account is suitable for beginners, as it allows to exchange units equal to 1 / 10 the size of the standard account.

This is an excellent solution for traders who want to become interested in the world of Forex,. It allows a progressive introduction to Forex, and in case of errors, not large sums of money are lost.

Payment Options - Diners Club, Mastercard, Visa, Maestro, and Wire Transfer

Promotions For New Depositer

CKFX offering a very attractive promotion to new traders. If you open a demo account, then decide to go live, you can take your profits from the demo into the real account and begin trading with real money. There is some “small print” to this promotion such as a minimum of 20 trades in the demo account and a minimum 500 transactions in the real account within 3 months, but all in all, it is a nice bonus for people who join CKFX, and one that definitely gives them an edge over the competition and a reason to trade with them and not with Forex Yard.

In conclusion, it is a good trading system, no frills, that goes straight to the point in an organized and simple way. Excellent and recommended for those who want to start trading.