BKTrading, also know as Baumann & Kraus Trading was an unlicensed binary options broker that opened in March of 2015. They are owned by Brighton Digital Services Ltd, located at 11A, Arcade House, Temple Fortune, London, United Kingdom.
BKTrading’s phone number in the United States is: (347) 410-8503 and in the United Kingdom it is: +44 20 7099 7475. Their email is [email protected].
BKTrading Platform Review
They use the familiar SpotOption platform, and they support customers who speak English, Russian, & Spanish. Their trading platform offers Binary Options, Speed Trading, 30, 60 & 90 second options, 2 minute & 5 minute options, along with weekly and monthly options. They also have Forex & CFD trading.
The returns on $EUR/USD options are 73%. The minimum deposit for new accounts is an extremely low $20.
BKTrading Regulation
The main item we look at when reviewing a binary options broker, to determine if they are a legit broker or a scam broker is very simple. Are the licensed and regulated by CySEC in Cyprus? Do they fall under the MIFId regulatory rules in the European Union (EU)? Are they registered with the FCA in the United Kingdom?
BKTrading is not CySEC licensed, and that is why they still accept traders from the United States. On June 6th 2013 the SEC wrote an investor alert regarding binary option scam brokers. Read entire alert on the SEC website here. For an updated list of licensed brokers, see here.
Compare BKTrading
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What is your experience trading with BKTrading? Please share your experience in the comments section below.