GKFX is a well-established broker since 2009. GKFX has headquarters 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 and United Kingdom. They are generally well-suited for GKFX to provide their Forex/CFD trading services to global clients.
This broker has also been regulated by ASIC 424122, BaFin 130602, CONSOB (Italy) 2915, Czech National Bank 256/2004, DMCC (Dubai) 32142, FCA (UK) 501320, Finansinspektionen (Sweden) 556873-1326, FINRA 16.06.2021, SFC (Hong Kong) AZJ874 and ESMA.
Apart from the forex demo account, this broker offers Standard and Premium. To successfully navigate your trading account, you also need to consider about leverage and minimum deposit. Talking about leverage in general, the maximum leverage offered by GKFX is up to 1:30. Meanwhile, you can open an account with a starting capital of $200
If you want to look for a more simple explanation regarding this broker's account type(s), take a loot at the following chart:
Fixed and Variable
Besides lots of currency pair, GKFX also offers some instruments you would like to trade on, such as Forex, CFD, Indexes, Spread betting and Cryptocurrencies for your best choice. Somehow, remember that different instrument has different trading conditions. In this case, you have to make sure that your strategy is well suited for the instrument you chose.
As for Standard account, GKFX specifically provides it with the following instruments and leverage:
Besides lots of currency pair, GKFX also offers some instruments you would like to trade on, such as Forex, CFD, Indexes and Cryptocurrencies for your best choice. Somehow, remember that different instrument has different trading conditions. In this case, you have to make sure that your strategy is well suited for the instrument you chose.
As for Premium account, GKFX specifically provides it with the following instruments and leverage:
Neteller : Like PayPal, Neteller is one of the most popular online payment services today. Due to this popularity, nearly all forex brokers accept Neteller as a payment method for their clients' fund deposit and withdrawal. Although the Neteller system is available almost all over the world, it remains particularly popular in Europe.
QIWI : Qiwi is an e-wallet or electronic payment service provider from Rusia that is introduced in 2007. The service is mainly used by individuals and businesses in Russia, Ukraine, Kazakhstan, Moldova, Belarus, Romania, the US, and the UAE.
Skrill : Mostly, all forex brokers provide Skrill as an online payment service option. Fast, easy, and safe transactions are the main reasons why traders using this method. Traders can use Skrill to fund their trading accounts with either payment cards, bank wire transfers, or directly from a Skrill e-wallet account.
WebMoney : WebMoney is one of the major online wallet services which many people use to send money around the world. For this reason, there is a large number of forex brokers that accept WebMoney today. Like other online payment services today, WebMoney is supported by mobile applications to make transactions more efficient.
Wire transfer : Wire Transfer is the most commonly used payment method. Nearly all brokers in the world provide this method on their service. The reason is wire transfer is basically traditional transfer between banks in the worldwide. So, this method is guaranteed for its safety. This really helps traders who avoid third-party payments or don't have credit cards.
GKFX also provides payment with CONTACT, Credit/debit cards, Mobile network operators and RBK Money
Trading platform is a tool where you can buy or trade an instrument with only some clicks on your device, anytime and anywhere you want. In addition, price chart is also usually provided with some analytical tools to help you analyze the price movement, so you can increase your profitabiliy by placing well-planned trades.
Hereby, GKFX offers you MetaTrader 4 (Limited with 30 days of inactivity) and MetaTrader 5 (Limited with 30 days of inactivity).
Do you have any question or find any trouble related to GKFX? If you do, you should reach GKFX's support to get the information that you need. Here is the detail of the broker's customer support:
GKFX is a Malta FX brokerage company. The company was established in 2013 and the brand name of AKFX Financial Services Ltd. It is regulated by the Malta Financial Service Authority. Although a young company, GKFX aims to grow rapidly, to expand its product offering to over 600 instruments including 42 FX, CFDs, 16 commodities, more than 250 equities, and 21 indices.
They provide Market Information Sheets (MIS) with comprehensive information about targeted spreads, maximum leverage, margin rates, as well as minimum and maximum trading volume. With MIS, GKFX wants to offer their clients one of the biggest selections of FX currency pairs in the world and at some of the most competitive margin rates while committing to keep spreads as narrow as possible.
If traders are new to trading or looking to practice trading strategies in a risk-free environment, they can create Demo Account. For experienced traders or those who prefer to learn by doing, GKFX provides a Live Account that allows them to trade with live executions and pricing.
There are 3 types of live accounts, including Standard Accounts (minimum trade 0.01 lots), Premium Accounts (minimum trade 0.1 lots), and Corporate Accounts (minimum trade 1 lot). All of which have been designed to allow their clients to trade according to individual needs. On all account types, traders can use leverage up to 1:30 with EUR and USD as base currencies.
Traders can upgrade to professional status to enable higher leverage. It is available if a client has at least 500,000 euros in assets, more than one year of professional experience in financial markets, and 10 significant trades placed each quarter over the past four consecutive quarters.
GKFX offers fast trade execution and tight spreads which start as low as 0.6 pips. When choosing Premium Accounts, traders will get raw spreads which can be as low as 0.0 pips and fees of 6 Euro per lot. This is an extremely competitive offer.
GKFX provides the MetaTrader 4 platform which can be accessed via PC, mobile apps, and WebTrader. In their MT4 platform, traders will get some additional advantages, including the latest financial news from all around the world, sophisticated technical analysis capabilities, fast, reliable, comprehensive charting, multilingual trading experience, and dedicated client service while the markets are open. Traders also can monitor and manage open positions, equity, and exposure online.
By opening an account in GKFX, traders can enhance their trading experience with a range of tools designed, including Trading Central, VPS, and Autochartist. Trading Central is an award-winning technical analysis expert. It is a leading provider of real-time investment research based upon technical analysis from a consortium of investment bank and asset managers. The expert reports cover all of the major FX pairs, indices, and commodities with 10 updates per day for each product.
VPS is also available in GKFX. It enables trading seamlessly 24/7 regardless of traders’ internet connection. Other advantages while using VPS are faster order processing, automated trading systems enhancement, access from any PC, pre-installed trading platform, and lower latency.
But, there are charges per month to consider. There are 3 VPS types offered by GKFX, including Welcome VPS, Platinum VPS, and Diamond VPS. The cheapest charge is in Welcome VPS ($25), while the most expensive charge is applied on Diamond VPS.
In addition to Trading Central and VPS, traders will get Autochartist in GKFX. It offers traders automated market scanning and real-time alerts to notify them about trade opportunities.
The most unusual fact uncovered on the GKFX website is about deposit or withdrawal options. Based on traders’ reviews, details may be provided only after an account is open. The support team of GKFX is available from Sunday 10 pm through Friday at 10 pm and can be reached via phone, e-mail, or message directly from the website.
Overall, GKFX is a relatively young broker capable of providing clients with access to over 600 assets. Trading conditions for traders are better in the Standard Account than in the Corporate Account, while the Premium Account offers very competitive commissions for raw spreads.
FAQ About GKFX
Is GKFX a good broker?
A good broker constitutes a good service for traders in terms of many criteria including trading instruments, deposits and withdrawals, as well as customer support. What is good for a certain trader does not necessarily mean the same thing to you. So the term "a good broker" can vary in meaning. You can decide for yourself if GKFX is a good broker for you or not by reviewing the criteria. In general, GKFX provides trading service in Forex , CFD , Indexes , Spread betting and Cryptocurrencies . As for the payment methods, you can choose between CONTACT, Credit/debit cards, Mobile network operators, Neteller, QIWI, RBK Money, Skrill, WebMoney and Wire transfer. The customer support is available via Callback, Email, Live chat, Office and Phone.
What is the minimum deposit for GKFX?
The starting capital in GKFX is $200.
Is GKFX regulated?
GKFX is regulated by ASIC 424122, BaFin 130602, CONSOB (Italy) 2915, Czech National Bank 256/2004, DMCC (Dubai) 32142, FCA (UK) 501320, Finansinspektionen (Sweden) 556873-1326, FINRA 16.06.2021, SFC (Hong Kong) AZJ874 and ESMA. A regulated broker equals a more responsible trading environment. You can also expect a more guaranteed safety of funds as some of regulatory frameworks in the financial industry require a compensation scheme in case of unprecedented incidents that result in clients' financial losses.
Is GKFX legit?
GKFX is a brokerage company offering trading services for clients since 2009 with 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 and United Kingdom.