BLK International Exchange Inc is a contract-for-difference (CFD) broker, with an official website domain registered on March 26, 2024. It primarily provides trading services for financial derivatives such as stocks, futures, crude oil, gold, cryptocurrencies, and foreign exchange to retail and institutional clients. The broker does not offer services to jurisdictions where it may violate local laws or regulations.
Company Registration Information and Regulatory Status:
According to public information on its official website, BLK International Exchange Inc is headquartered in London, UK, and is regulated by the Financial Crimes Enforcement Network (FinCEN) and the National Futures Association (NFA) in the United States, with MSB number: M23847660.
Upon verification, there exists a company named "BALEK INTERNATIONAL EXCHANGE INC. LTD" in the UK's Companies House, but it is currently in the process of being dissolved. Additionally, no registration information for BLK International Exchange Inc could be found in the UK Financial Conduct Authority (FCA), FinCEN, or NFA databases. Therefore, this broker is essentially a fraudulent website with no real company entity or regulation.
Moreover, the website design and content of BLK International Exchange Inc are identical to those of scam broker websites such as sesaFXCM, MorningST, sownotx, Gildencrest Capital, Tosta Global Limited, and fbspro.
Account Opening Process:
To open an account with BLK International Exchange Inc, visit their official website, click on "Register" on the homepage or the top right corner of the webpage to navigate to the account registration page. Fill in your email address and set a login password as required. The broker will then send a verification code to your provided email. Enter the verification code into the application form and submit it. Once submitted, the account registration is successful. After logging in, identity verification is required before you can make deposits and start trading.
Trading Account Information:
The official website of BLK International Exchange Inc only discloses information on spreads, trading leverage, margin call/stop-out levels, and contract sizes. However, it does not provide details on account types, trading commissions, minimum/maximum trade sizes, maximum position/order sizes, or minimum price increments.
- Spreads: Floating spread starting from 1 pip
- Trading Leverage: 1:100—1:500
- Margin Call/Stop-Out Level: 100%/50%
- Contract Size: 1 lot = 100,000 currency units
Trading Platform:
BLK International Exchange Inc offers the ST5 trading platform to users, available for both desktop and mobile. The platform provides over 50 technical indicators and intraday analysis tools, along with features for advanced traders.
Deposits and Withdrawals:
BLK International Exchange Inc does not specify the supported deposit/withdrawal methods, fees, or minimum deposit/withdrawal amounts on its official website.
Conclusion:
Traderknows reminds investors that BLK International Exchange Inc is a suspected fraudulent broker with unclear registration and regulatory information and false advertising. The only way to contact them is through email, making their contact method very limited. The website design and content are the same as other fraudulent broker websites like sesaFXCM, MorningST, sownotx, Gildencrest Capital, Tosta Global Limited, and fbspro. Traderknows advises investors to choose brokers with transparent information, strong regulation, and good reputation to avoid unnecessary financial losses.
Currently, this broker is marked as "Suspected Fraud" on Traderknows.
