GKFX Broker Review

GKFX is a leading currency trading brokerage based in the United Kingdom. GKFX offers a wide range of financial instruments and multiple trading platforms. As an FCA-regulated broker, GKFX is fully compliant with all safety and security measures, and maintains segregated accounts for clients. GKFX serves clients around the world, with headquarters in London, UK, and offices in Bratislava, Warsaw, Prague, Frankfurt, Dubai, Paris, Madrid and others. As an award-winning Forex broker, GKFX has received the prestigious ADVFN International Finance Awards as winner of the Best Forex Platform in 2017. In 2016, GKFX was awarded Best Forex Customer Service at the UK Forex Awards. GKFX is the official sponsor of Italian football giant AC Milan.

Overview/ background

GKFX is owned and operated by GKFX Financial Services Limited, and based in London, England. This FX trading broker is fully licensed and regulated by the FCA (Financial Conduct Authority) with registration #501320. The company offers traders an impressive range of financial instruments and multiple investment types. Security is paramount, and the highest encryption protocols are in place to ensure that client accounts are free from third-party interception. GKFX is a socially responsible corporation with various CSR (corporate social responsibility) initiatives underway.

Currency traders have access to a demo account trading platform and a live account at GKFX. This Forex brokerage currently employs 400 people at offices around the world, including FX trading professionals, finance consultants and customer support staff. It has a strong global presence, and it has been operating as a leading FX broker since 2010. Today, GKFX offers traders 600+ financial instruments including indices, commodities, equities, CFDs and currency pairs. The client-focused approach at GKFX is one of the hallmarks of this brokerage.

Account Types

GKFX offers traders multiple account types, including a demo account and a live account. With the live accounts, traders have multiple options including the following:

Spread Betting Fixed – spreads from as little as 0.4 pips with a minimum lot of 0.1 P and a $0 account deposit minimum

Fixed Account – spreads from as little as 1.5 pips with a minimum lot of 0.01 and a $0 minimum account deposit

Variable Accounts – spreads from as low as 1.2 pips with a minimum lot of 0.1 and a minimum account deposit of $0.

VIP Accounts – spreads from as little as 0.6 pips with a minimum lot size of 1 and a $25,000 minimum account deposit.

Corporate Accounts – the spreads are as low as 0.6 pips with a minimum lot size of 0.01 and no minimum opening deposit.

For FX traders, there are 105+ FX products on the spread betting fixed account, 50 FX products on the fixed account, 50 FX products on the variable account, 50 FX products on the VIP account, and 50 FX products on the corporate account.

Trading Platform/ software

As far as the trading platforms go, FX traders can enjoy MetaTrader 4 (MT4), MT4 web (for mobile trading), WebTrader (proprietary trading platform for mobile clients) and multi-terminal for multiple accounts. The MT4 trading platform is regarded as best in class, and offers clients flexibility, financial news, technical analysis, charting capabilities, a wide range of client services and management of open positions.

Deposit options

A wide range of deposit methods is available to FX traders, including bank transfer (GBP/EUR/USD) with a minimum transfer amount of $50 and no maximum. There are no transfer costs and transaction times take up to 5 business days. Other options include credit card, debit card and e-wallets. On those options, there is a minimum deposit of $20 and a maximum of $5000 and transaction times are instant. No fees are levied from GKFX’s perspective. Accepted credit cards and debit cards include solo, Maestro, MasterCard, Visa, Visa Delta, Visa debit, and Visa.

Markets

A wide range of markets is available to traders, including indices, currency pairs, equities, Spread betting and commodities. FX traders have access to multiple currency pairs across all major trading markets in New York, London, Tokyo and Sydney. The most traded currency pairs include the GBP/USD, USD/JPY, and the EUR/USD. Spread betting markets include DAX 30, XAU/USD, UK100, GBP/USD, and the EUR/USD. Equities include major stocks on US, European and other bourses such as Google, Johnson & Johnson, Pfizer, Microsoft, British Petroleum and others. Commodities like WTI crude oil, Brent crude oil, gold and silver are also available.

Bonuses

No information on bonuses or promotional offers was available at the time of writing.

Customer Support

clients can get in touch with professional customer service representatives at GKFX via live chat, telephone or email. The headquarters of GKFX is in London UK. Customer support can be reached by telephone or email 24 hours a day from 10 PM on Sunday through 10 PM on Friday. The UK telephone number is +44 (0) 207-186-1212. Support information is available for payments queries, press queries and accounts-related questions.

Safety

GKFX is fully licensed and regulated to offer real money trading in the currency markets. The FCA registration number is 683-7942, and all client funds are maintained in segregated accounts. GKFX has won multiple awards from leading financial authorities with respect to Best Forex Customer Service, Best Forex Mobile/Tablet Trading Application, Best Forex Broker, Forex Broker of the Year and so forth.

Ease of Use

It is relatively easy to get in touch with customer support for any technical, banking, registration or account information. Navigation between markets, and across platforms is a breeze. Traders will be required to register at GKFX to access the demo trading platform and the live account, and all the attendant features.

Final Thoughts

GKFX makes a point of being a responsible and secure trading brokerage. It is fully licensed and regulated by the FCA, and compliant with all regulatory standards. Low spreads and high margins allow traders to benefit from the many opportunities in the currency trading arena. Additionally, a demo account and a live account are available, making it easier to practice trading online.

Pros