GKFX Review
GKPro provides global traders access to the world's financial markets since 2010, and was formerly known as GKFX. GKPro's headquarters is located in London, UK. It strives to provide global traders with access to the world financial markets since 2010.
With its large investments and exceptional staff, the main goal of the company is to be a leader in financial market services. Many of these employees are financial transaction specialists with more than 20 years of experience.
The technology they use, and the exceptional service they provide intermediary strengthen broker position on the market and expand its influence.
Broker: GKFX
Minimum deposit: US$20
Leverage: 1:30
Regulator: MFSA
Year: 2010
Platforms: MT4. GKFX Sirix Trade
HQ: UK
GKFX Licenses:
AKFX Financial Services Limited - Authorized by the Malta Financial Services Authority with Authorisation ID CRESIF-5048
Overview
GKFX, a well-respected broker that is licensed by the FCA, is an approved broker. It offers investors a comprehensive trading solution with low trading costs and powerful software.
The negative points proposal for each entity is unique, there is not 24/7 support, spreads may be higher in some instruments.
Pros
Competitive trading conditions
Trading and education tools
Diverse product range
Regulated in EU
Cons
No bonuses or promotions
Limited choice of trading platforms
Rating of the company overall
Reliability ⭐⭐⭐
Platform ⭐⭐⭐
Commissions ⭐⭐⭐⭐
Support ⭐⭐⭐
Financial instruments ⭐⭐⭐⭐
RATING: 3.5
Specifications
Awards
Although the broker is young, many international awards have already recognized its rapid development strategy.
GKPro scam or safe?
GKFX isn't a fraud. You can make low-risk investments with high confidencesince security of the overall process are guaranteed by legal terms and fully regulated by major global regulators. GKFX Financial Services Ltd. has been authorized by FCA (The Financial Conduct Authority), an independent, non-governmental body with registration number 501220.
There are also few other co-regulators for companies: CNB (Czech Republic), Narodna Banka Slovenska(Slovakia), Narodna Banka Slovenska (“Slovakia”) and CNMV [Spain] as well as MFSA (Malta which serves the GKFX Europe branch.
Furthermore, the additional entity GKFX is registered with an offshore authority in BVI and other entities located in Cambodia and Indonesiathrough BAPPEBTI rule .There are no concerns about compliance with best practices by these entities.
GKFX is committed to providing high financial security and transparency for clients' funds. This is why there are strict regulations. All retail client funds are held separately in separate accounts. Authorization also includes security for traders under Financial Services Compensation Scheme (FSCS).
Instruments
Investors and traders of various sizes and professions can choose FX, CFDs or Spread betting to trade on a variety instruments, including indexes, equities and commodities and cryptocurrencies.
Leverage
The leverage levels of the broker's service will vary depending on where it is offered. GKPro's main entity, which follows the FCA regulatory guidelines, may offer maximum leverage of 1:30 for Forex instruments and 1:20 for other currency pairs.
However, accounts opened under the registration may be eligible for very high leverage levels of 1:1000. However, it is important to know how to leverage wisely to maximize your profits and not fall prey to rapid loss.
Types of accounts
GKFX offers a variety of accounts for both corporate and retail clients. These accounts can be tailored to your trading needs and achievements, with slight variations depending on the regulatory agency of the broker. The factors that influence the choice of account are risks, investment size, and personal availability to trade Forex.
Fees
GKFX fees are generally included in a spread. However, it is important to consider swap fees, funding fees and an inactivity fee. (Read more about forex brokers that are swap-free). Below is a comparison of Trading Fees.
Spreads
GKFX accounts allow you to trade with standard and micro lots. They also offer the same execution quality, high leverage, and all of the available tools. A very attractive cost strategy is another bonus for traders. You can choose between a fixed or variable spread (check the fixed spreads forex brokers), but we found some spreads to be higher than average. See the typical spreads below. You can compare fees with FP Markets, another popular broker.
Withdrawals and deposits
GKPro and GKFX accounts can be deposited quickly using a credit/debit or E-wallet card. If you are able to wait for up to five Business days, a Bank transfer may also work.
Minimum deposit
Minimum deposit for card payments is 20 GBP/EUR/USD. Bank Transfers are set at 50$.
Minimum deposit vs. other brokers
WIthdrawals
GkPro withdrawal options include Bank Wire and Cards. GKFX doesn't charge withdrawal or deposit fees for any payment method and accepts multiple currencies, including USD, EUR, and GBP. If you wish to withdraw funds, the minimum withdrawalrequest amount is 50 GBP/EUR/USD unless you request your entire balance.
Trade Platforms
The main platform through which customers can transact in the Forex market is the popular full-featured trading platform MetaTrader4. MT4 is the most popular global trading platform among clients with different levels of experience. However, the best part about GKFX GKPro's MT4 platform for spread betting is that they are their only broker.
Mobile apps and WebTraderonline platforms offer clients great flexibility and adaptability to their on-the-go lifestyles. GKFXMulti Terminal is another great option. It allows traders to manage up 100 MT4 accounts, and can be used to help them work with multiple accounts at once.
Web Platform
Sirix WebTrader is another option. It's a MT4 platform solution but allows for platform access from any internet-enabled computer. Sirix WebTrader allows you to trade with one-click trading, seamless Social Trading, black and white HTML 5 and advanced Charting.
Many useful tools can also help you trade with ease. These include MarketInsights (for the latest forex news), Tradeworks (trade automation), Autochartist (trade analysis), Autochartist (trade automation), Autochartist), Trading Central, VPS and MT4 Booster (toolkit that allows for new ways to view trades), Recognia, expert analyst views and insights, and many more.
Conclusion
GKFX and GKPro have a strong technological foundation. All platforms allow for all types of trading and offer great trade execution. Low spreads and a 0$ minimum deposit are appealing to new traders to, while experienced traders can also find a variety of useful tools and reliability.