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BKYHYO LTD

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BKYHYO LTD

⚠ Flagged on the register · High risk

We checked BKYHYO LTD against the AskCheck register. It has been reported (2022) and carries the red flags below. Treat it with extreme caution.

See full entry on SentFunds →
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Why it’s flagged

⚑ Reported by our community & upstream sources
Named in relation to FCA (UK)Named in relation to NFA (U.S.)

What we found

BKYHYO LTD is not a reliable broker for traders even though it states offers that look good to be true. BKYHYO LTD claims it has registration in the Companies House of the United Kingdom (CH) under the registration number: SC694231. We indeed find a match result to BKYHYO LTD in CH, but please be informed that CH is the United Kingdom's registrar of companies that has no legit rights to regulate any forex activities. Having registration does not mean having any regulation. As per United Kingdom law, all firms and individuals offering, promoting, or selling financial services or products in the UK have to be authorized or registered by the UK Financial Conduct Authority (FCA). However, we did not find any match results to BKYHYO LTD in FCA. That means BKYHYO LTD is not an approved broker to offer financial services in the United Kingdom. Besides, BKYHYO LTD claims its regulation by the US National Futures Association (NFA) with an NFA ID: 0539341. But when we searched in NFA, we only find this broker is not under valid regulation by NFA since it is not an approved member of this regulator. The truth is that BKYHYO LTD is not overseen by any regulators. Investors' funds in this broker are unsafe and cannot be protected by any law. Therefore, it is a scam.

Assessment source: FastBull BrokersView.

What to do next

  1. Stop sending money. Don’t make another deposit, pay a “tax” or “release fee”, or share remote-access to your device.
  2. Gather your evidence. Save statements, chat logs, transaction IDs and the wallet addresses you paid to.
  3. Report it to your regulator and to local police / action-fraud line so it’s on the official record.
  4. Add your report here so the next person searching this name is warned — report BKYHYO LTD.
  5. Verify on the register. Cross-check the full entry on the SentFunds register before you trust anyone offering to help.
Beware recovery scams. After a loss, fraudsters often return posing as “recovery agents” who guarantee your money back for an up-front fee. AskCheck is a free public checker — we don’t recover funds and we don’t guarantee funds can be recovered. Never pay anyone who promises a guaranteed recovery.

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