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GKFX Review

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? Found: GKFX (GKFX Financial Services Limited) was found in 2010

? Headquarters: GKFX is based in London, UK

? US Residents: GKFX forbids US traders –NO

? Swap-Free Accounts: YES

? Regulated: GKFX is regulated by FCA UK since 2010 {Reference number: 501320) ?The FCA UK license

? Website Languages: English, Russian, Arabic, Chinese, Czech, French, German, Indonesian, and Slovenian

? Customer Support: 24/5 via Phone, Callback, and eMail

? GKFX Website

GKFX TRADING INFO SUMMARY

Autochartist software for chart pattern recognition? Broker Type: ECN/STP Execution / Spread Betting (UK traders)

? Trading: Forex, Equities, Commodities

? Platforms: MT4, MT4 Multiterminal, GKFX WebTrader, Mobile Apps

? Trading Time Zone: EET

? Demo Account: YES (Practice account with 100K USD virtual funds)

? Spread on EUR/USD: minimum 0.6 pip-1.2 pip (including commissions)

? Leverage: Leverage 100:1-400:1

? Scalping: is allowed by GKFX –YES-

? Minimum Account: $1 for STP/ECN Account / $25,000 for the VIP Account (check below)

GKFX TRADING ASSETS

GKFX offers the following assets:

? 32 Forex 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

? Indices

? Equities

? Commodities

GKFX TRADING SPREADS

These are the spreads and trading commissions charged by GKFX on ECN Standard Fixed Accounts

? GKFX offers Typical EURUSD spread 1.5 pip*, commissions included

? GKFX offers Typical USDJPY spread 1.7 pip, commissions included

? GKFX offers Typical GBPUSD 2.0 pip, commissions included

(*) Note that VIP accounts offer tighter spreads starting as low as 0.6 pip

GKFX TRADING PLATFORMS & MOBILE

GKFX provide MT4, MT4 Multiterminal, GKFX WebTrader, and Mobile Apps

GKFX MT4

? Traders who deposit $2,000 or more receive a free upgrade to MT4 Boost. That means more than 10 new expansions including Correlation Matrix and Sentiment Trader
? MT4 Multiterminal for PAMM/MAM accounts (Manage 100 MT4 accounts and more)
? Autochartist software for chart pattern recognition

? GKFX WebTrader

? HTML 5 technology
? Advanced charting
? Trading Central Analysis

? GKFX Mobile Traders

? MT4 app with advanced Order Types
? Available for iOS and Android


GKFX NEW ACCOUNT INFORMATION

GKFX Minimum AccountThe minimum required deposit to open an account with GKFX is just 1 USD

GKFX Account Type FIXED SPREAD VVARIABLE SPREAD VIP / CORPORATE
Minimum Deposit 1 USD 1 USD 25,000 USD
Account Currencies EUR | USD | RUB
Minimum Trade Size 0.01 Lot 0.1 Lot 1 Lot
Spreads (min) 1.5 1.2 0.6
Trading Leverage (max) 400:1 400:1 100:1
  ? GKFX New Accounts

GKFX Deposit / Withdrawal Methods:

? Bank Wire |Skrill | iDeal | SoFort | MasterCard | Visa | JCB | Discover | Laser | Carte Bleue | Dankort

? $100 Minimum withdrawal amount for bank transfers, no limits for cards & e-wallets

GKFX Welcome Bonus Policy:

? GKFX offer Welcome Bonus up to 40% and up to 8,000 GBP

The minimum deposit required in order to qualify for the welcome bonus is 1,000 GBP

? Traders must contact GKFX customer support within two days of the deposit in order to receive their bonus

 

GKFX CORPORATE INFORMATION

GKFX is a trading name of GKFX Financial Services Limited

The broker is based in London but maintains also offices in Beijing, Bratislava, Brno, Cairo, Dubai, Frankfurt, Johannesburg, Madrid, Milan, Prague, Shanghai, and Warsaw.

? Postal Address: Bevis Marks, House 24 Bevis Marks, London, EC3A 7JB, United Kingdom

? GKFX Phone: +44 2071861212

? GKFX eMail:  This e-mail address is being protected from spambots. You need JavaScript enabled to view it.

? Regulation (Full Information)

? FCA (UK), 501320

BaFin (Germany), 130602

ASIC (Australia), 421210

CONSOB (Italy), 2915

DMCC (Dubai), 32142

Finansinspektionen (Sweden), 556873-1326

SFC (Hong Kong), AZJ874

GKFX REVIEW PROS AND CONS (According to competition)

GKFX REVIEW PROS & CONS

GKFX Review PROS (?)

GKFX Review CONS (X)

? London-based broker, regulated by the FCA UK

? Covered client funds up to 50,000 GBP per individual trading account

? Traders who deposit $2,000 or more receive the MT4 Boost (including 10 MT4 expansions)

? Autochartist software and trade signals from TradingCentral

? MAM Accounts through the MT4 multiterminal (up to 100 accounts)

? Scalping, Automated Trading, and FIX/API Trading

? Learning Section including 300 educational videos

? 40% welcome bonus (up to 8,000 GBP)

? Wide variety of fund methods and $1 minimum account requirement


X $25,000 minimum deposit for the VIP Account

X $1,000 minimum deposit in order to qualify for the welcome bonus


GKFX Review Conclusions:

Founded in 2010, GKFX is a London-based Forex Broker regulated by the FCA UK (Registration Number: 501320)The broker is also registered with the German BaFIN and with other regulatory authorities. GKFX provides true safety of trader's funds including compensation cover of £50,000 in the case of insolvency (through FCA UK). In addition to their London headquarters, GKFX maintains 11 more offices in 8 countries. Their workforce involves 400 employees.

The basic account type offered by GKFX is the Standard Account with minimum deposit requirements of just $1. Traders can choose between Fixed or Variable spreads. The minimum EURUSD spread is 1.2 pip for the Variable Account and 1.5 pips for the Fixed Account. The broker offers also VIP/Corporate accounts for those depositing at least $25K. The VIP account offers spreads as low as 0.6 pip. A free demo account is also available.

GKFX provide many fund methods including all major credit cards (MasterCard, Visa, JCB, Discover, Laser, Carte Bleue and Dankort), Skrill, iDEAL, and Sofort. All withdrawals via electronic wallets are processed within 24 hours.

The GKFX platforms include MT4, WebTrader, and the MT4 Multi-Terminal. Traders who deposit at least $2,000 receive the MT4 Boost with 10 expansions including the Correlation Matrix and the Sentiment Trader. GKFX offer the AutoChartist software plus a FIX/API and trading signals from TradingCentral. Scalping and automated trading are both allowed.

GKFX offer 40% deposit bonus, up to 8,000 GBP. The minimum deposit required to be able to get the bonus is 1,000 GBP. Traders must contact GKFX customer support within two days of the deposit in order to receive it.

In overall, GKFX is a very safe and considerably innovative Forex broker and a good choice for all advanced and professional currency traders.

? GKFX Real Accounts

 

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