FIK (fikgloballtd.com) is a newly launched Contract for Difference (CFD) brokerage platform that began operations in November 2024. The platform primarily offers investors trading services across various markets, including forex, precious metals, crude oil, indices, and cryptocurrencies.
Platform Services
Trading Accounts
The official website claims to offer trading accounts with spreads as low as 1 pip and leverage up to 1:100. However, specific account details such as minimum deposit amount, margin calls and stop-out levels, and trading commissions are not clearly disclosed on the website.
Trading Platform
fikgloballtd.com offers a trading software called ST7, which is compatible with both desktop and mobile devices. It is equipped with advanced charting tools, over 50 built-in technical indicators, and supports intraday analysis functions.
However, when attempting to download from the mobile application link on the website, it was found that the app names in the App Store and Google Play Store are SLPERTRH and THJYTBGREF, respectively, which do not match the advertised ST7 platform name.
Trading Products
Forex Trading
The platform offers trading in various forex currency pairs, including major pairs such as EUR/USD, USD/CAD, GBP/USD, and USD/JPY.
Precious Metals Trading
Users can trade spot precious metals like gold (XAUUSD) and silver (XAGUSD).
Crude Oil Trading
The platform supports CFDs on U.S. crude oil (UsOIL).
Indices Trading
It offers trading services for major global stock indices, including the Nikkei 225 (N225), Germany's DAX (GER30), and the S&P 500 (US500).
Cryptocurrency Trading
It supports trading of major cryptocurrency pairs like Bitcoin (BTC/USD), Ethereum (ETH/USD), and Ripple (XRP/USD).
Deposit and Withdrawal Methods
fikgloballtd.com does not disclose the supported deposit and withdrawal methods on the website, nor does it mention if there are any additional fees incurred during fund transfers.
Contact and Social Media
The platform does not have official accounts on mainstream social media such as Facebook, Instagram, or Twitter. Users can only contact the platform through an online contact form or email provided on the website.
Company Background and Regulatory Verification
Company Background
According to publicly available information on the website, FIK is headquartered in Denver, Colorado, USA, at 1430 Stout St, Denver, Colorado, United States. However, the website does not provide any detailed information about company registration, nor does it mention if it is regulated by any financial regulatory authorities.
Regulatory Verification
A search on the National Futures Association (NFA) website revealed no regulatory registration records for FIK. Moreover, the executive information displayed on the website appears to be identical to that of another asset management company, ClearBridge Investments, suggesting possible plagiarism.
Conclusion
FIK (fikgloballtd.com) is a newly established CFD trading platform but does not appear to have a genuine corporate entity and lacks authorization and regulation from official financial regulatory bodies. Additionally, the executive information on the website is suspected to be plagiarized from other companies.
Risk Warning
CFD trading carries high risk. Market volatility can result in the loss of principal, and leveraged trading amplifies both risks and returns. It is recommended that investors fully understand market volatility and the trading mechanism of CFDs, and assess their risk tolerance before engaging in trading. Trade only when you have sufficient experience to avoid blind investments.
