Global Broker Regulation Inquiry App
WikiFX
Ahmed Harb
1-2 years

What are the primary advantages and disadvantages of trading with LUKFOOK?

Broker Issues
LUKFOOK FINANCIAL
Regulation
07-31
United States
WikiFX
Reply

From my perspective as an experienced trader, evaluating LUKFOOK has highlighted a number of important considerations that anyone should weigh carefully. On the positive side, LUKFOOK is regulated by the SFC in Hong Kong, which, in my experience, suggests a certain degree of oversight and regulatory compliance that adds a layer of safety. The broker’s operational history of over 10 years also contributes to its credibility, as longevity in this industry can imply some level of stability. I also noted LUKFOOK’s wide range of tradable instruments, including over 50 forex pairs and more than 70 equities, which might be attractive if diversification matters to you. The leverage—up to 1:500—might appeal to some, though I view such high leverage with caution, given the risks it can introduce. However, my due diligence also uncovered some significant drawbacks. The website and platform accessibility seemed limited, with language barriers and clunky usability reported by some users, which, in practice, could hinder trading efficiency or cause frustration. I found the information on fees and minimum deposits lacking in transparency, making it difficult to fully compare costs or plan capital allocation. Moreover, the selection of trading platforms is quite restricted, with their in-house Securities Trading System only available on PC, as neither MT4 nor MT5 is offered—potentially an issue for traders relying on established industry software. Finally, I remain cautious about the limited account types and lack of clear commission structures, both of which matter when trying to optimize long-term trading strategies. Overall, for me, LUKFOOK may suit some traders seeking SFC regulation and broad instrument access, but it does come with limitations that could impact usability and clarity.

Select Country/Region
United States
※ WikiFX compiles data from publicly available sources and user contributions. While we endeavor to maintain its accuracy, we do not warrant the information's completeness, accuracy, or timeliness, as it may become outdated. Investors are strongly advised to verify critical details with official sources before making any decisions.
You are visiting the WikiFX website. WikiFX Internet and its mobile products are an enterprise information searching tool for global users. When using WikiFX products, users should consciously abide by the relevant laws and regulations of the country and region where they are located.
consumer hotline:006531290538
Official Email:support@wikifx.com;
Mobile Phone Number:234 706 777 7762;61 449895363
Telegram:+60 103342306
Whatsapp:+852-6613 1970;
License or other information error corrections, please send the information to:qawikifx@gmail.com
Cooperation:fxeyevip@gmail.com