GKFX Review

Extensive Review

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.