GKFX – Forex Broker review

GKFX Reviews and Rating
GKFX review

Name: GKFX Reviews

Description: GKFX is a comparatively new but strongly regulated forex broker. Their MetaTrader 4 (MT4) platform is available for spread betting along with forex and CFDs trading. They also tie up with Trading Central for their daily technical analysis.

68%
68 of 100 1 review
  • Support - 80%
    80%
  • Platform - 80%
    80%
  • Insights - 60%
    60%
  • Leverage - 70%
    70%
  • Commission - 50%
    50%

Summary

GKFX.com offers over 45 currency pairs, CFDs, and commodities for your personal investment and trading options. GKFX currently has more than 400 employees in more than 25 offices and operation centres around the world. Over the past nine years, this company has grown to 28 offices around the globe with over 316,500 clients, more than 500 million executed trades. The company employs more than 1,500 people and has over $100 million in shareholder equity. Read GKFX forex broker review, rating and detail information for their services below.

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Pros

  • Demo account
  • Multiple accounts
  • No Minimum Deposit
  • Good regulation
  • Choice of the trading platform including MT4

Cons

  • Higher Spreads for Swap-free account
  • Only One Bonus

GKFX founded in 2009 as GKFX Financial Services Ltd. It based in London, UK. GKFX has also branch offices in Beijing, Bratislava, Brno, Cairo, Dubai, Frankfurt, Hong Kong, Jakarta, Johannesburg, Madrid, Milan, Paris, Prague, Shanghai and Warsaw. The broker offers trading services on a wide selection of products such as FX, CFDs, Commodities, Equities and Indices, as well as spread betting (for UK residents). GKFX also the official sponsor of Italian football club AC Milan.

Regulation

GKFX is regulated by the Financial Conduct Authority (FCA). Furthermore, it is regulated by below regulatory boards.

  • Federal Financial Supervisory Authority (BaFIN) in Germany
  • Financial Services Agency (JFSA) in Japan
  • Australian Securities and Investments Commission (ASIC) in Australia
  • Securities and Futures Commission (SFC) Hong Kong

Awards

GKFX won the following awards for its product offerings and services.

  • ADVFN International Financial Awards 2017 – Best Forex Platform
  • UK Forex Awards 2016 – Best Customer Service& Best Mobile/Tablet Trading App
  • Shares Awards 2015 – Finalist Best FX Broker
  • The 8th Saudi Money Expo & Conferences 2015 – Best FX Pricing
  • Forex Broker of the Year 2015 – Broker-Wahl

Trading Platforms

GKFX provides MetaTrader 4 platform developed by MetaQuotes Software to its clients for efficient and reliable trading experience. They also provide Mobile trading app onto the smartphone. The app is free and can be downloaded from Google PlayStore and Apple App Store. Premium MYFX console is also available with GKFX. This is an advance control over MT4. Traders can have this service with a subscription basis. MetaTrader 4 is also available on Mac. GKFX also provides spread betting benefits for their traders.

GKFX Web Trader platform is available for web trading without installing any software. This platform is based on Adobe flash and has a customized trading suite.

Commissions & Spreads

Like other online Forex brokers, GKFX doesn’t have any commissions or service fee. The spreads at GKFX are in the form of fixed and floating spreads. There is no maximum deposits for the Standard account and no maximum number of open trades. The minimum spread starts for EUR/USD from 1.5 pips for GKFX Micro account. For VIP account spreads are starting from 0.6 pips. GKFX has leverage is up to 400.

Payment options

GKFX supports bank transfers, credit cards and the Moneybookers e-wallet for deposits and withdrawal. Withdrawals are also imitated through the same methods used for depositing the funds. Minimum withdrawal amount for all account by bank transfer is $100. GKFX is having a promotion where you will receive upto 40% deposit bonus.

Support

Customer support at GKFX is available 24/5. Hence there are several ways which you can get in touch with the support team such as email, live chat or the telephone. You also have the benefit of multi-lingual support over 30 languages.

GKFX Detail Information

Company GKFX ECN
Founded in 2009
Offices in Chile, Czech Republic, France, Germany, Greece, Italy, Japan, Mexico, Netherlands, Peru, Philippines, Poland, Romania, Russian Federation, South Africa, Spain, Sweden, Turkey, United Arab Emirates, United Kingdom
Payment options CONTACT, Credit/debit cards, mobile network operators, Neteller, QIWI, RBK Money, Skrill, WebMoney, Wire transfer
Demo platforms MetaTrader 4 (Limited with 30 days of inactivity)
Account currencies Euro, Russian rouble, United States dollar
Currency pairs
AUD/CAD AUD/CHF
AUD/JPY AUD/USD
CAD/JPY CHF/CAD
CHF/JPY EUR/CAD
EUR/CHF EUR/DKK
EUR/GBP EUR/JPY
EUR/TRY EUR/USD
GBP/CAD GBP/CHF
GBP/EUR GBP/JPY
GBP/USD HKD/SGD
NOK/SEK NZD/CAD
NZD/JPY NZD/USD
SGD/JPY USD/CAD
USD/CHF USD/DKK
USD/HKD USD/JPY
USD/SGD USD/TRY
Regulated by ASIC, 421210
BaFin, 130602
CONSOB (Italy), 2915
Czech National Bank, 256/2004
DMCC (Dubai), 32142
FCA (UK), 501320
Finansinspektionen (Sweden), 556873-1326
SFC (Hong Kong), AZJ874
Website available in Arabic, Chinese, English, Indonesian, Russian
Support available in English, Russian
Support methods Callback, Email, Live chat, Office, Phone
Trading server time zone EET
VPS for traders Reduced commission. Individual terms of funding and withdrawal of funds.

GKFX Features

  • Trading contests
  • Free education
  • PAMM accounts

Account Types

  • STP MT4 Account
    • Hedging
    • Trailing stop
    • Pending orders
    • One-click trading
    • Mobile trading
    • Automated trading
  • ECN MT4 Account
    • Hedging
    • Trailing stop
    • Pending orders
    • One-click trading
    • Mobile trading
    • Automated trading
  • Pro ECN MT4 Account
    • Hedging
    • Overnight interest rates (swaps)
    • Trailing stop
    • Pending orders
    • One-click trading
    • Mobile trading
    • Automated trading
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1 thought on “GKFX – Forex Broker review”

  1. GKFX is a reliable Broker. I´ve got a bonus account since more than 3 months. I have completed their short course, passed their test and after sending my proof of Id documents, the bonus was credited to my account. They sent me a withdrawal code by postal, not by email shows their concern about their client’s money and want it to be secure without hacking the account by unauthorized people. They are really caring and supporting their clients and we have to appreciate their value and consistency.

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