History and Founding
Founded in 2010, GKFX is a global online broker offering forex and CFD trading services. The company has built a strong reputation in the trading community by providing traders with cutting-edge technology, a wide range of financial instruments, and strong customer support. GKFX aims to offer a reliable and transparent trading environment for both retail and institutional clients.
Mission and Vision
GKFX’s mission is to provide exceptional trading opportunities with competitive spreads, high liquidity, and innovative platforms. Their vision is to empower traders by offering seamless trading experiences, backed by advanced technology and expert support, enabling clients to make informed and profitable trading decisions.
Global Presence
With a presence in multiple countries, GKFX caters to traders from around the world. The broker serves clients across Europe, Asia, and the Middle East, ensuring global accessibility. By offering multilingual customer support and localized services, GKFX ensures that clients receive a personalized trading experience, no matter their location.
Advantages and Disadvantages
Key Strengths vs. Areas for Improvement
- Key Strengths: Low spreads on major forex pairs and tight commissions on certain accounts. Multiple platforms available, including MetaTrader 4 and WebTrader. Wide range of forex, indices, and commodities available for trading. Well-regulated in key jurisdictions, providing security to traders.
- Areas for Improvement: Limited educational resources for beginner traders. Customer support may experience delays during peak times. Lack of support for more niche trading instruments like cryptocurrencies. No VPS services available for traders who need ultra-fast execution.
Security and Regulations
Licenses Held
GKFX is regulated by several trusted financial authorities, including the UK’s Financial Conduct Authority (FCA) and other international regulators. These licenses ensure that the broker adheres to stringent regulatory standards, providing clients with a safe and secure trading environment.
Fund Segregation and Insurance
GKFX adheres to strict fund segregation policies, ensuring that client funds are kept separate from the company’s operational funds. This helps protect clients in the event of the broker’s insolvency. Additionally, the company provides insurance coverage for client deposits, offering an extra layer of security.
Tradable Instruments
Forex Pairs
GKFX offers a wide range of forex pairs, from major to minor and exotic pairs. Popular pairs like EUR/USD, GBP/USD, and USD/JPY are available, with competitive spreads and high liquidity, suitable for both short-term traders and long-term investors.
Commodities
Traders at GKFX can access a variety of commodity markets, including precious metals like gold and silver, and energy commodities like crude oil and natural gas. These assets provide diversification opportunities for traders seeking exposure to global market trends.
Indices
GKFX offers CFDs on major global indices, including the S&P 500, NASDAQ, and FTSE 100. These indices are ideal for traders who want to speculate on the broader movements of stock markets around the world.
Cryptocurrencies
GKFX currently does not support cryptocurrency trading, but it offers a variety of other instruments such as forex and indices. While crypto enthusiasts may be disappointed, the broker compensates with a wide range of other assets for trading.
Account Types
Standard
| Minimum deposit | 0 |
|---|---|
| Commission | 0.0 |
| Available tools | 0 |
| Leverage, min | 1:1 |
| Leverage, max | 1:30 |
| Stop-out level | 50 |
Premium
| Minimum deposit | 0 |
|---|---|
| Available tools | 0 |
| Leverage, min | 1:1 |
| Leverage, max | 1:30 |
| Stop-out level | 50 |
Corporate account
| Minimum deposit | 0 |
|---|---|
| Commission | 0.0 |
| Available tools | 0 |
| Leverage, min | 1:1 |
| Leverage, max | 1:30 |
| Stop-out level | 50 |
Fees and Charges
Spreads and Commissions
GKFX offers low spreads starting from 0.1 pips for major forex pairs. Commission fees may apply to certain account types, especially the ECN accounts, but these commissions are competitive and provide value for active traders.
Swap Rates
Swap rates are charged on overnight positions and vary depending on the currency pair and market conditions. Traders should check the current swap rates in their platform before holding positions overnight.
Inactivity Fees
GKFX charges an inactivity fee for accounts that remain dormant for a period of time. This fee ensures that inactive accounts are maintained efficiently and that the platform remains active for those who need it.
Trading Platforms
| Available tools | Commodities, Cryptocurrencies, Stock CFDs, Forex, Indices, CFDs |
|---|---|
| CFD | Forex: 50 Commodities: 10 Cryptocurrencies: 3 Stock: 320 Indices: 17 |
MetaTrader 4 and 5
GKFX provides access to MetaTrader 4 (MT4) and MetaTrader 5 (MT5), two of the most popular and widely used trading platforms. These platforms are equipped with advanced charting tools, automated trading options, and an easy-to-use interface for all types of traders.
WebTrader
The GKFX WebTrader is an in-browser platform that allows traders to access their accounts and place trades directly from any web browser, without the need to download any software. It is a great option for traders who require flexibility and speed without sacrificing functionality.
Mobile Trading Apps
GKFX offers mobile apps for both iOS and Android, allowing traders to stay connected to the markets and manage their trades on the go. The mobile apps are fully functional, enabling clients to monitor their positions, make deposits, and access real-time market data from their smartphones or tablets.
Customer Support
Steps to Register
To get started with GKFX, simply visit their website and sign up by completing the registration form. After filling in your personal details and submitting identification documents for verification, you can fund your account and start trading.
Verification Requirements
As part of their regulatory requirements, GKFX requires traders to provide proof of identity and address during the account registration process. This is to ensure the safety of clients and to comply with anti-money laundering (AML) regulations.
Deposits and Withdrawals
Payment Methods
GKFX offers several deposit and withdrawal options, including credit/debit cards, bank transfers, and e-wallets such as Skrill and Neteller. These methods are secure and convenient for clients worldwide.
Processing Times
Deposits via credit card and e-wallets are usually processed instantly, while bank transfers may take 1-3 business days. Withdrawals are typically processed within 24-48 hours, depending on the payment method selected.
Associated Fees
While GKFX does not charge fees for deposits, withdrawal fees may apply depending on the payment method chosen. Bank transfers, in particular, may incur higher fees compared to other methods. It is important to review the specific fees before initiating a withdrawal.
FAQ
Is the broker regulated?
Yes, GKFX is regulated by multiple financial authorities, including the UK’s FCA, ensuring a secure and transparent trading environment.
What trading platforms are available?
GKFX offers MetaTrader 4, MetaTrader 5, and WebTrader platforms, catering to all types of traders, from beginners to professionals.
What is the minimum deposit required to open an account?
The minimum deposit required to open an account with GKFX is $100, making it accessible for most retail traders.
What types of accounts does the broker offer?
GKFX offers Standard, ECN, and Islamic accounts, providing options for different types of traders and trading styles.
What fees and commissions are charged?
GKFX charges competitive spreads and may apply commissions on certain accounts, particularly the ECN accounts. Swap rates and inactivity fees also apply to certain situations.
What is the maximum leverage available?
GKFX offers leverage of up to 1:500, allowing traders to amplify their positions and take advantage of market movements.
Are demo accounts available?
Yes, GKFX offers demo accounts, which allow traders to practice their strategies without risking real capital.
How can I contact customer support?
Customer support at GKFX is available via live chat, email, and phone. The support team is responsive and ready to assist with any queries or issues that may arise.