Gkfx Forex Broker Review

The company has already reached considerable heights, demonstrating its serious intentions. In many respects this supports the user’s trust in the broker and the recognition of the high quality of the services provided. The ECN comes up with the most modern technologies used in the financial markets industry. It makes trading transparent and efficient due to the innovative logic of working with liquidity providers. GKFX is a large international company that offers expanded services in the financial markets. We’d be surprised if you ever needed to get in touch with customer support, because of such extensive information, but should you need to there are a number of offices you can telephone across the globe.

GKFX Forex Broker Review

The safety of client funds is ensured by the use of segregated bank accounts for these monies. GKFX can prime offers the MetaTrader 4 and Mobile forex online trading top platforms. GKFXPrime.com offers over 5 forex pairs, equities, indices, oil, commodities, cfds, gold and silver for your personal investment and trading options. They didnt understand that its difficult to work with ordinary traders, too many mistakes and problems. As every modern broker, GKFx Prime is also aware of the significance of variety when it comes to payment methods.

80% of retail investor accounts lose money when trading CFDs with this provider. See our full Risk Disclosureand Terms of Business for further details. As more and more online trading platforms have entered the market, minimum deposit requirements to open a live trading account have gone down as an increasing number of brokers compete for new clients.

The Conversion fee is dependant on your base currency, your recieving currency, your payment provider. One is the real account, with your real money and the other is your demo account. When choosing a broker like GKFX the administrative body and regulatory status of the broker is very forex important. Brokers who conduct trades without supervision of a regulatory body do so at their own discretion. Investing online can be just as risky as any other kind of offline investment. As with any investment, it is important to know and research the company you are dealing with.

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When trading financial assets with GKFX like Forex trading, CFDs trading, and Spread Betting trading. you should have confidence in GKFX and know that the management of your financial investments on the GKFX platform are in good hands.

GKFX Forex Broker Review

GKFX offers the MT4 trading platform on both mobile and desktop. Clients can also use MT4 Webtrader, which will run in a web browser. Additionally, clients can use forex Sirix Web Trader and Money managers can use the in-house MAM platform which has a really smooth user interface which is not usual for this kind of software.

Is Gkfx A Fair Forex Broker?

Charting functionality and advanced order management tools make certain you could monitor your positions quickly and economically. If you are looking for Forex brokers to trade currency pairs on global Forex markets GKFX offer over 55 currency pairs. If you are no longer using your trading account close it with the brokers customer support. And make sure you have a confirmation that any remaining fees are not due. Depending on the type of trading account you opt for some brokers require a minimum deposit as high as 6500 GBP/USD.

We tested communicating with GKFX support in multiple languages in multiple countries. We sent messages to GKFX livechat through their app and website and recieved a response within 30 seconds. Our initital investment of ten thousand dollars for the trade and has made a thousand dollars in profit because the price is up ten percent. GKFX offer CFD which are a leveraged product for this example we describe ten times leverage. As with most brokers, margin requirements do vary depending on the instruments. Download the Metaquotes MetaTrader 4 Program for free of charge from Apple’s App Store.

GKFX has a five-step process that covers the basics, but new clients are required to submit a copy of their ID and proof of residency document as required by the regulator. It is refreshing to see a list of key documents to read listed on the account opening page. All things considered, this process should be completed in a matter of minutes without any complications. Most of the required third-party add-ons need to be purchased, and it would have been considerate of GKFX to offer some of the more crucial ones, free of charge with each account.

Whatever you are looking to trade the varying GKFX account types will be able to provide you with what you need. Commission fees can differ depending on the trading type, financial asset type and what level of trading account you have. Brokers that offer lower minimum deposits are generally geared towards a more mainstream audience that do not require some of the more advanced features and research tools. The whole notion of regulation is to protect GKFX traders and provide a safe trading environment. We have checked and GKFX is regulated and supervised by reputable organisations. You are able to check every GKFX supervisory and regulatory body given below.

Certainly, as their potential clients you’re eager to know whether GKFX is a scam or a reliable broker you can 100% trust. Sign up to our newsletter in order to receive our exclusive bonus offers and regular updates via email. Compare broker See what benefits one offers over the other. AKFX Financial Services Ltd, bearing company registration number C60473, is licensed in terms of the Investment Services Act Chapter 370 of the Laws of Malta. with a Category 2 licence and GKFX Forex Broker Review is regulated by the Malta Financial Services Authority (“MFSA”) . GKFX is the registered trademark of AKFX Financial Services Limited, which is ultimately subject to the same ownership and control of other businesses forming part of the Global Kapital Group. AKFX Financial Services Limited is authorized and regulated by the Malta Financial Services Authority (“MFSA”) with a Category 2 licence issued under the Investment Services Act, Chapter 370 of the Laws of Malta.

The company is owned and operated by AKFX Financial Services LTD, and authorized and regulated by the Malta Financial Services Agency. DailyForex.com adheres to strict guidelines to preserve editorial integrity to help you make decisions with confidence. Some of the reviews and content we feature on this site are supported by affiliate partnerships from which this website Retail foreign exchange trading may receive money. This may impact how, where and which companies / services we review and write about. Our team of experts work to continually re-evaluate the reviews and information we provide on all the top Forex / CFD brokerages featured here. Our research focuses heavily on the broker’s custody of client deposits and the breadth of its client offering.

GKFX Forex Broker Review

By browsing our site with cookies enabled, you are agreeing to their use. GKFX is the registered trademark of AKFX Financial Services Limited which is part of the Global Kapital Group. AKFX Financial Services Limited is authorized and regulated by the Malta Financial Services Authority (“MFSA”) under the licence CRES with the registration C60473. AKFX Financial Services Limited passports its services outside Malta under the EU MiFID II Directive. Though the trade-off with using a prominent name broker with an established brand name is that you’ll never get personalized service.

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Trading skills can be improved without even having to register for an account because most of the training tools on the site are free for anyone to use. Every trader of the company can receive a 20% bonus of the commission on ECN accounts. Another positive factor is the provision of a reliable MT4 terminal, a highly productive and efficient ECN system, which allows the fullest use of all Forex trading opportunities . GKFX actually take the education of their clients very seriously, which is always a positive thing. From the very basics right up to understanding economic indicators and more. If a broker has a score less than 80, like this one, we won’t recommend it to you. So that we don’t waste your time, we don’t update these reviews either.

  • GKFX is a large international company that offers expanded services in the financial markets.
  • Besides, it has locations in 18 cities and 14 countries around the world – from Beijing to Warshaw.
  • A Tier 1 bank is considered the safest and most secure regarding client capital.
  • If a clients trading account dues not have any buying and selling over a period of time as dictated by the broker an inactivity fee may be due.
  • When it comes to withdrawals, you must confirm the Withdrawal Verification Code which is going to be sent your registered address.
  • Spreads and commissions are applied to all trades, and these are the main revenue generator for GKFX.

Traders have access to the Forex and cryptocurrency markets, equity and index trading as well as commodity trading. This constitutes a robust asset pool suited for entry-level cross-asset diversification and is suited for all retail traders to advanced traders, while professionally managed portfolios may run into limitations. Overall, any portfolio under $250,000 should find the asset selection adequate. GKFX provides “Market Information Sheets” with comprehensive information about targeted spreads, maximum leverage, margin rates as well as minimum and maximum trading volume. While the GK Group seems to be an interesting financial firm, this review will focus solely on GKFX which provides Forex and CFD trading in over 600 assets from the MT4 trading platform. While this broker serves clients from most countries, it appears that the explicit focus is Europe and Asia as judged by office locations of the GK Group. While we were impressed with many aspects of this company, traders opting to invest with such a young company should be aware that youth may breed inexperience in some aspects.

What GKFX are able to offer, what countries GKFX are available in. The foundation of GKFX is sound and there is ample growth potential. VPS hosting is available, but the conditions are terrible which remains one area this broker should attend to. Overall, trading conditions are good and retail traders should experience no issues getting started with their first trading account. CFDs and FX are complex instruments and come with a high risk of losing money rapidly due to leverage. Please consider whether you can afford to take high risk of losing your money. See our full Risk Warning and Terms of Business for further details.

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The minimum required deposit is $25,000 for this one as well. The min spread rate is set at 1.2 for traders who are using the standard account. VIP account holders benefit from the lowest rate starting at just 0.6 pips.

Binary option trading on margin involves high risk, and is not suitable for all investors. As a leveraged product losses are able to exceed initial deposits and capital is at risk. Before deciding to trade binary options or any other financial instrument you should carefully consider your investment objectives, level of experience, and risk appetite. GKFX is a fully regulated online trading company providing some of the most competitive spreads in over 100 currency pairs from around the world. In addition to FX, it offers online trading in Indices, Commodities and Equities using the MT4 trading platform. GKFX Prime was founded by GKG, a Malta-based Fintech company, in 2012 and is regulated by the BVI’s Financial Services Committee. With, no required minimum deposit, a good range of account types – including fixed spread, variable spread and commission-based ECN – and a decent education section, GXFX Prime are a good choice for new traders.

Account Information

One of the unique aspects of GKFX’s service is that they are the only broker that supports MetaTrader 4 for spread betting. All other brokers while having MT4 support it’s only limited to CFDs and spot forex. This FCA regulated broker was established in 2014, only two years ago. During its brief existence, the broker managed to establish a solid reputation and manages its business from the Virgin Islands. The Virgin Islands are one of the target Forex destinations because of the many tax benefits and affordable labor force.