GKFX Review 2022

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GKFX is an MT4 trading broker offering a suite of financial instruments & tools.

InstrumentsForex, CFDs, indices, shares, commodities, cryptocurrencies
Demo AccountYes
Min. Deposit€100
Payment Methods
Min. Trade0.01 lots
Regulated ByMFSA
MetaTrader 4Yes
MetaTrader 5No
cTraderNo
OmniTraderNo
AlgoTraderNo
TradingViewNo
Trading CentralYes
AutochartistNo
eSignalNo
STP AccountNo
ECN AccountNo
DMA AccountNo
MAM AccountNo
PAMM AccountNo
LAMM AccountNo
Demat AccountNo
Mobile AppsYes
Margin TradingNo
Volatility IndexNo
Spot TradingNo
Perpetual SwapsNo
ELWsNo
REITsNo
AI / Machine LearningNo
Robo AdvisorNo
P2P TradingNo
Negative Balance ProtectionNo
VPS HostingNo
TournamentsNo
Demo CompetitionsNo
Managed AccountsNo
Market MakerNo
Auto TradingYes
Social TradingYes
Copy TradingNo
Trade SignalsYes (GKFX Prime)
Islamic AccountYes
Guaranteed Stop LossNo
Commodities
  • Gold
  • Natural Gas
CFD TradingTrade online CFDs with 1:5 leverage and low spreads.
CFD FTSE Spread1
CFD GBPUSD Spread0.7
CFD Oil Spread0.03
CFD Stocks SpreadVariable
CFD Leverage1:5
Forex TradingTrade on global currencies with 1:30 leverage.
Forex GBPUSD Spread0.7
Forex EURUSD Spread0.6
Forex EURGBP Spread1.4
Forex Assets50+
Crypto TradingTrade five leading cryptocurrencies against the US Dollar.
Crypto SpreadVariable
Crypto LendingNo
Crypto StakingNo
Crypto MiningNo
Crypto Auto Market MakerNo
Crypto Coins
  • BTC
  • DSH
  • ETH
  • LTC
  • XRP
Risk Warning – Your capital is at risk

GKFX is an ECN broker offering forex and CFD trading services. The broker has a large presence in Europe and multiple countries around the world. This review looks at their MetaTrader 4 trading platform, account options, spreads, and more. Find out if you should start trading online with GKFX.

GKFX Company Details

Established in 2013, GKFX is based in Malta, operating under AKFX Financial Services Ltd. AKFX is a Category II Investment Services company and is regulated by the Malta Financial Services Authority (MFSA).

AKFX is part of the Global Kapital Group (GKG), a multi-national company operating in 28 offices across 18 countries. Also within the GKG group is GKFX Prime and GKFX Financial Services Asia Limited, which have multiple offices across the Middle East, as well as in China, Vietnam, Thailand, Malaysia, Cambodia, and Indonesia. GKFX Prime is regulated in the British Virgin Islands (BVI).

GK Pro, a London-based subsidiary specialising in spread betting, also forms part of the company’s portfolio.

GKFX has grown rapidly with its number of employees worldwide now exceeding 1,000. The new CEO recently signed a deal that saw Arsenal Football Club become its official partner. In the past the owner has also teamed up with AC Milan.

Trading Platforms

MetaTrader 4

GKFX offers MetaTrader 4 (MT4), a favourite among traders for its advanced features and accessibility. Once you have your login credentials, you can trade FX, metals, shares, indices, energies, and futures. Other key features include:

WebTrader

The MT4 platform is also available as a web-based online terminal, allowing live account holders to trade from any supported browser with no additional software or download required. The platform is regularly updated so users have access to the same features as the desktop platform.

GKFX WebTrader trading platform
GKFX WebTrader platform

To access the platform, users will need to login to MYGKFX, which is accessible from the top of the website page. WebTrader is accessible on Windows, Mac and other devices.

Markets

GKFX offers a diverse range of tradeable instruments:

Spreads & Fees

Spreads start at around 0.6 pips for EUR/USD, 0.7 for GBP/USD, and 1.4 for EUR/GBP. Target spreads for major indices such as the FTSE 100 are around 1 and go as low as 0.4 points for the SP500. Spot gold spreads are 0.3 pips and 0.026 for silver. Crude oil spreads start from 0.03 pips. For cryptocurrencies, target spreads for Ripple vs USD start from 0.1. These spreads are competitive and easily comparable to the likes of Admiral Markets, IG, and eToro.

Other fees to be aware of include swap rates on overnight positions as well as an inactivity fee charged on dormant accounts. Details can be found in the broker’s terms and conditions.

Leverage

GKFX offers leverage from 1:2 for cryptocurrencies, up to 1:30 for FX, and up to 1:20 on major indices and commodities. Spot equities are offered up to 1:5.

The broker provides margin requirements on their Market Information Sheet (MIS). Cryptocurrencies require a 50% margin, whilst forex margins are set between 3.33% up to 8%, depending on the currency pair. Major indices require a 5% margin, as does gold. Equities are set at 20%.

A margin calculator is also available on the broker’s website.

Mobile Apps

The MetaTrader 4 platform is also available in a mobile app version, where users have access to all the standard features. With over 30 pre-installed technical indicators, rapid trade execution, and a user-friendly mobile interface, clients can trade with ease from their smart device.

GKFX mobile trading on iOS and Android
GKFX mobile trading

The MT4 mobile app is compatible with Android and iOS devices and can be downloaded from the respective App Store or Play Store.

Payment Methods

Deposits

Clients can fund their accounts using:

Withdrawals

Clients can withdraw profits using:

Demo Account

GKFX offers a free demo account where users can practice trading on MT4 with zero risks. Once you have your login details, you can trade in USD, GBP, or EUR, and access virtual funds up to 100,000.

Bonuses & Promotions

At the time of writing, GKFX Prime does not offer any no deposit welcome bonus deals or promotions. With that said, check the broker’s website before you register for an account in case of new rebate offers and free revenue credit.

Regulation & Reputation

AKFX Financial Services Ltd (GKFX) is a Category II Investment Services company and is regulated by the Malta Financial Services Authority (MFSA). The broker is EU-regulated under MiFID. The group is also fully compliant with ESMA regulations. As a result, the broker receives a high trust rating among customer reviews.

Note, GKFX is no longer regulated in the UK by the FCA.

Additional Features

GKFX also offers some useful additional features, including a glossary of trading terms and economic indicators, video seminar courses, and webinars as part of the learning academy. Users can also access an economic calendar plus margin, profit, and currency calculators.

A technical market insight and news tool, Trading Central, as well as Autochartist, are also available as downloadable plugins. A VPS (Virtual Private Server) is also available for users, although this does come with a monthly fee.

Account Types

GKFX offers three different account options: Standard, Premium, and Corporate. Most traders will be drawn to the Standard account given that the minimum deposit amount is €100. Users would need at least €20,000 to open a Premium or Corporate account.

Traders have access to the same instruments across all three accounts, as well as leverage up to 1:30, variable spreads from 0.6, and a maximum trade size of 100. There are no commissions with the Standard account and commission is charged at €6 per lot with the Premium account.

GKFX also offers Islamic swap-free accounts.

Benefits

There are several reasons to register for a GKFX account:

Drawbacks

Disadvantages of trading with GKFX vs the likes of XTB, for example, include:

Trading Hours

Online forex trading sessions vary and some time zones will overlap, attracting the highest volume of traders. GKFX’s opening hours for forex, commodities, and indices run from Sunday at 10:02 pm to Friday at 09:58 pm UK time. For equities, the market opens on Monday at 16:35 and closes on Friday at 22:50.

GKFX forex trading hours
GKFX forex trading hours

Details of specific markets trading hours can be found on the broker’s Market Information Sheet (MIS).

Customer Support

GKFX customer support is contactable via:

Support is available 24 hours a day, from 10 pm Sunday – 10 pm Friday. The website is available in English, German, Spanish, Italian, and Arabic.

Keep up to date with the latest news on GKFX’s social media pages:

Security

MetaTrader 4 complies with industry-standard security requirements including 128-bit Secure Sockets Layer (SSL) encryption as well as two-factor authentication upon login.

AKFX Financial Services Ltd is part of the Investor Compensation Scheme, a client protection program, designed to safeguard against financial failure or insolvency. As per MiFID and MFSA regulations, the brokerage also segregates client funds in separate bank accounts.

GKFX Verdict

GKFX is a global broker with clients in multiple jurisdictions. And with access to hundreds of instruments across five markets, as well as competitive fees and decent trading conditions, GKFX is a good choice for beginners and experts.

Accepted Countries

GKFX accepts traders from Australia, Thailand, Canada, United Kingdom, South Africa, Singapore, Hong Kong, India, France, Germany, Norway, Sweden, Italy, Denmark, United Arab Emirates, Saudi Arabia, Kuwait, Luxembourg, Qatar and most other countries.

Traders can not use GKFX from United States.

Compare GKFX

Compare GKFX with similar brokers that accept traders from your location. Among available brokers these are the most similar to GKFX:

  1. AAAFx – AAAFx offers CFD trading in forex, commodities, indices and cryptocurrencies.
  2. InstaForex – InstaForex is a CFD broker providing access to forex, stocks, cryptocurrencies, commodities, energies, indices, and more. With competitive fees and a huge range of available assets, the brand offers safe and reliable trading.
  3. World Forex – World Forex offers commission-free trading with a $1 minimum deposit and 1:1000 leverage. Digital contracts are also available, offering beginners a straightforward way to speculate on popular financial markets.
  4. IG Group – IG-US offer spread betting, CFD and Forex trading across a range of markets. They are FCA regulated, boast a great trading app and have over 47 year track record of excellence.

GKFX Comparison Table

Compare GKFX With Similar Brokers
GKFX AAAFx InstaForex World Forex IG Group
Rating 3.9 4.1 4.4
Markets Forex, Stocks, Commodities, Crypto Forex, Stocks, Commodities, Crypto Forex, Stocks, Commodities, Crypto Forex, Stocks, Commodities, Crypto Forex, Stocks, Commodities, Crypto
Demo Account Yes Yes Yes Yes Yes
Minimum Deposit €100 $10 $/€1 $1 £250
Minimum Trade 0.01 lots 0.01 lots 0.01 Lots 0.01 Lots 0.1 lots
Regulators MFSA HCMC (Greece), FSCA (South Africa) BVI FSC SVGFSA FCA, ASIC, MAS, FSCA, JFSA, FMA, CFTC, NFA, BMA, DFSA, FINMA, BaFin
Bonus 100% Deposit Bonus available for Global clients 30% – 100% Welcome Bonus 100% Deposit Bonus
Education No No No No Yes
Platforms MT4 MT4, MT5 MT4, MT5 MT4, MT5 MT4
Leverage 1:5 1:30 EU, 1:500 Global 1:1000 1:1000 1:30
Payment Methods 6 9 11 10 6
Detailed Comparison GKFX vs AAAFx GKFX vs InstaForex GKFX vs World Forex GKFX vs IG Group
Visit
Review GKFX
Review
AAAFx
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InstaForex
Review
World Forex
Review
IG Group
Review

Compare Trading Instruments

Compare GKFX Trading Instruments
GKFX AAAFx InstaForex World Forex IG Group
CFD Yes Yes Yes Yes Yes
Forex Yes Yes Yes Yes Yes
Stocks Yes Yes Yes Yes Yes
Commodities Yes Yes Yes Yes Yes
Oil No No Yes Yes Yes
Gold Yes Yes Yes Yes Yes
Copper No No No No Yes
Silver No No Yes Yes Yes
Corn No No No No No
Crypto Yes Yes Yes Yes Yes
Futures Yes No Yes No Yes
Options No No No No Yes
ETFs No No Yes No Yes
Bonds No No No No Yes
Warrants No No No No No
Spreadbetting No No No No Yes
Volatility Index No No No No Yes

GKFX vs Other Brokers

Compare GKFX with any other broker by selecting the other broker below.

GKFX vs

FAQ

Is a deposit bonus offered at GKFX?

At the time of writing, GKFX does not offer any deposit bonuses or welcome promotions. See the broker’s website or social media pages for the latest promotional news.

What trading platforms are available at GKFX?

Clients can trade on the MetaTrader 4 mobile, web, or desktop platform. GKFX does not offer MetaTrader 5 (MT5) or a proprietary program.

How do I open an account with GKFX?

You can open a live or demo account from the broker’s website. For a live account, after registering your personal and login details, you will be asked to verify your identity.

What leverage is offered at GKFX?

Maximum leverage is offered at 1:30 depending on the asset traded. This cap is in line with ESMA regulations that limit the risk clients can take on.

Is GKFX regulated?

Yes, GKFX is regulated by the Malta Financial Services Authority (MFSA). The broker also complies with MiFID.

GKFX is an MT4 trading broker offering a suite of financial instruments & tools.