GKFX Broker Reviews and Full Information

How do I define GKFX?

The multinational company GKFX was recently rebranded as GKPro offering traders from all over the world with access to global financial markets since. In the present, GKPro has its headquarters in London, UK with is working to provide better services to its customers and ensure that their clients are well-supported by its many locations across the globe Germany (Frankfurt), Spain (Madrid), Malta, Dubai, Indonesia, BVI and many more.

The primary goal of the company is to establish itself as a top brand in financial market services, thanks to its massive investments and the outstanding staff of the business, and most of them are experts with over 20 years of expertise in the field of financial transactions.

The technology they employ and their excellent service intermediaries strengthen broker's standing on their position in the market and increases its influence.

The pros and cons of GKFX

GKFX is a well-respected and reputable broker that is regulated by FCA. It offers a comprehensive trading service for the investor that is easy to use, with average trading cost and a robust trading software.

The negative points proposition differs in each organization, there isn't a 24/7 support. Spreads could be greater for certain instruments.

GKFX website

10 Points Summary

Headquarters UK
Regulation FCA
Platforms MT4. GKFX Sirix Trader
Instruments FX, CFDs , Indexes, Spread betting commodities, equities and cryptocurrency
Spread EUR/USD 1.2 pip
Demo Account Available
Minimum deposit 20 $
Base currencies Several currencies available
Education Support materials are available
Customer Support 24/5

Awards

The broker is relatively new however, thanks to its fast growth strategy, it has already been acknowledged by a variety of international awards.

GKFX GKPro awards

Is GKPro secure or is it a scam?

Yes, GKFX is not a fraud. You are able to make high-risk investments with high levels of confidence because the security of all processes are secured by law and are fully regulated by the world's top regulators. GKFX Financial Services Ltd. is licensed by FCA ( The Financial Conduct Authority) which is an independent non-governmental organization, granted legislative power by Financial Services and Markets, with the registration number 501320.

Additionally, there are a few other co-regulators of companies: BaFIN (Germany), CNB (Czech Republic), Narodna Banka Slovenska (Slovakia) and CNMV (Spain) and CNMV (Spain), in addition to MFSA which is located in Malta which is the service provider for GKFX Europe branch.

Furthermore, the extra organization GKFX provides services to is listed by an offshore authority on BVI as well as with additional entities are registered in Cambodia also Indonesia via BAPPEBTI Regulation . While the offshore requirement is significantly less than the well-known FCA regulation, since GKFX adheres to both, it is not a concern about their compliance with the highest standards of practice.

GKFX GKPro regulation

Of course, GKFX pays attention to providing high levels of financial security and complete transparency to its client's funds. This is why there are strict rules in this regard, all client funds at retail are held separately in segregated accounts. Authorization requires security for traders in the Financial Services Compensation Scheme (FSCS).

Instruments

Investors and traders of varying sizes and levels of professional can select from CFDs, FX and spread betting to trade on a wide range of instruments, including indexes, equity and commodities and crypto.

 

Leverage

Because the broker provides its services across a variety of legal jurisdictions and registered entities the leverage level will vary based on the regulatory framework your account is set up with. It means that, for instance, the primary company of GKPro which adheres to the UK's FCA regulations could provide maximum leverage of 11:30 for instruments used in Forex 1:20 for minor currency pairs 1:5 for stocks, etc.

However, the accounts that are registered through BVI registration BVI registration might be crying for a very high leverage at 1:1000. However, you must know how to utilize leverage effectively and correctly, since the right use can help you profit more efficiently, rather than be at danger of a rapid loss.

 

Types of accounts

GKFX providing a variety of accounts for retail and corporate customers to meet trading requirements and goals as well as the small variations based on the regulatory authority for the broker. The success of choosing the right account is determined by a myriad of factors, such as risk and the size of the investment and the time you have available for the ability to trade Forex.

GKFX cryptocurrency

Fees

The GKFX fees and charges are usually incorporated into spreads, but to fully understand the fee structure it is essential to think about the fees for funding such as swap fees, inactivity fees and fee. Compare below the trading Fees.

 
Fees GKFX Fees Price Market Fees AvaTrade Fees
Deposit Fee No No No
Fees for withdrawal No No No
Fee for Inactivity Yes Yes Yes
Fee position Average Low Average

 

Spreads

GKFX accounts offer the ability to trade with standard and micro lots, with the similar execution quality, high leverage levels and tools available. A nice benefit for traders is the very attractive cost-based strategy that allows you to be in the position of choosing between a fixed or variable spread. We did find that some spreads were higher than average. You can see the average spread below. For instance, you could compare fees with another well-known broker AvaTrade.

 
Spread Spread GKFX Spread of Price Markets AvaTrade Fees
EUR USD Spread 1.2 pip 0.3 pip 1.3 pip
Crude Oil WTI Spread 5 pip 1 Pips 3 pip
Gold Spread 3 1 4
BTC/USD Spread 35 - 0.75%

 

Withdrawals and Deposits

The fastest and most convenient method to transfer funds into a GKPro and GKFX account is using either a credit/debit card, or an E-wallet card or Bank transfer if you're able to put off up to 5 Business days.

Minimum deposit

In order to make card transactions, there's the requirement for a minimum amount in the amount of $20 GBP/EUR/USD and Bank Transfer is set to at least 50dollars.

GKFX's minimum deposits in comparison to other brokers

  GKFX The majority of other brokers
Minimum Deposit $20 $500

WIthdrawals

GkPro withdrawal options include Bank Wire and Cards, GKFX does not charge charges for deposits or withdrawals for any of the payment options and is accepting multiple currencies such as USD, EUR, GBP. If you are looking to withdraw your funds to withdraw funds, you must make a withdrawal request. The minimum amount needed for the withdrawal amount is USD 50 or EUR/GBP, except if you want to withdraw your entire amount.

GKFX deposit and withdrawal

Trading Platforms

The principal platform used by GKFX GKPro, by which clients can make transactions on the Forex market is the well-known full-featured trading platform MetaTrader4. MT4 is indeed the most popular worldwide trading platform for customers of various levels of experience However, the most exciting aspect of GKFX GKPro is that they are the sole broker that provides MT4 platform for spread betting..

With the new lifestyle and benefiting traders, the mobile apps as well as the WebTrader on the web provide huge flexibility for customers who are on the move. Another advantage can be found in the GKFX Multi terminal that is an additional feature that comes with the ability to manage up to 100 accounts on MT4 and provides a solution for traders who have multiple accounts at once.

GKPro platform

Web Platform

Additionally, there is Sirix WebTrader, which is based on MT4 desktop platform software that offers the convenience of accessing the platform to any PC with a web connection. With the Sirix WebTrader platform, you can trade with one-click trading as well as seamless social trading with black and white HTML 5 and advanced charting.

A variety of useful tools can make you more efficient in your trading life easier by providing analysis and daily monitoring by using MarketInsights (ensuring the most recent forex information is current), Economical Calendar, Tradeworks (trade automation), Autochartist, Trading Central, VPS, MT4 Booster (toolkit featuring a brand new method of looking at the trades), Recognia (expert analyst perspectives and insight) and more.

 

Conclusion

In general GKFX or GKPro is GKPro has a robust technological background and the platforms all have excellent trade execution and accommodate the use of all trading styles. Micro Lot, low spreads and a zero-dollar minimum deposit are appealing to novice traders as well experienced traders will be able to access various helpful tools and reliable.

Summary
Properties Values
Name
GKFX
Minimum Diposit
$ 1
Leverage
1000:1
Regulation
Any Regulation,,,,,
Headquarters
Virgin Islands, British
Established
2012
Address
Craigmuir Chambers P.O Box 71, Road Town, Tortola, Virgin Islands, British
Platform
MT4,MT5,,,,,
Payment Method
Visa,Mastercard,Wire,Neteller,Webmoney,Maestro,Fasa Pay,Union Pay,AMEX,Sofort,,,,,
Overview
Properties Values
Spreads
1.2 pip
Min Position size
0.01
Broker Type
MM ( Market Maker),Instant Execution,,,,,,,
Account Type
Mini account,Fixed Spread,Scalping,High Leverage,Guaranteed SL,,,,,
Brokers by Country
UK Forex Brokers,,,,,
Techniques
Hedging Forex Brokers,Carry Trade Brokers,Spread Betting Brokers,Automated Trading Brokers,Mobile Trading Brokers,,,,,
Instruments
Forex Trading Brokers,Futures Trading Brokers,Gold Trading Brokers,CFD Trading Brokers,Crypto Trading Brokers,Stock Trading Broke,Oil Trading Brokers,Commodity Forex Brokers,Metal Trading Brokers,Indexes Trading Brokers,,,,,
Account currency
USD,EUR,GBP,AUD,JPY,NZD,XPD,SGD,SDD,XCD,XAG,XAU,,USD,,USD,,USD,,USD,
Tools
Charting Software,,,,
Website Languages
en,,,,,
Support languages
en,,,,,
Bonus
Yes
Reviews Rating
3.2
Withdrawal Fee
No
Trading Signals
No
Free Education
Yes
Daily News
Yes
Demo account
Yes
Swapsr
Yes
Pors
1. Competitive trading conditions
2. Trading and education tools
3. Diverse product range
4. Regulated in EU
Cors
1. No bonuses or promotions
2. Limited choice of trading platforms
Display Analysis
Yes
Serving country
GB,VG,,,,
Not Serving country
US,,,,
Contests
No
Market analysis
Yes
Copy Trading Brokers
No
Bitcoin Forex Brokers
Yes
Social trading
Yes
Web trading
Yes
Forex pairs
Yes
CFDs
Yes
Crypto
Yes
Hedging
Yes
PAMM
PAMM,Zulu trade,Myfxbook Auto trade,Mql5 signals,,,,,
Mobile Trading
Yes
Scalping
Yes
Automated Trading
Yes
Partnership Programs
Yes
Free Phone
+ 44(0) 772 17 57755
Customer Support
24/5
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