GKFX REVIEW

GKFX REVIEW SUMMARY

  • Broker Type: STP
  • US Traders: NO
  • GKFX Regulation: FCA UK (No: 501320), plus registration with many other regulatory bodies
  • GKFX Platforms: MetaTrader4, Sirix WebTrader, MT4 WebTrader, MT4 MAM
  • Mobile Trading: MT4 Mobile Trader
  • Automated Trading & Scalping: Yes to both
  • GKFX Assets: Forex, Indices, Equities, Commodities
  • GKFX Minimum Account: $10 Standard Account | $25K VIP Account
  • Fund Methods: Cards, Bank Wire, MoneyBookers, Neteller, WebMoney
  • Account Currencies: USD, EUR, RUB
  • GKFX Welcome Bonus: 40% Welcome Bonus (requires $1,000 deposit)

» GKFX Live Accounts

 

GKFX FULL REVIEW

Introduction to GKFX

GKFX is an STP Forex broker established in London, UK and founded in 2010. The broker is owned by the GKFX Financial Services Ltd.

GKFX Headquarters: London, UK

GKFX Regulation: FCA UK (No: 501320)

Registration: Also registered with BaFin Germany, ASIC (Australia), DMCC (Dubai), Finansinspektionen (Sweden), and SFC (Hong Kong)

GKFX Foundation: 2010

GKFX Account Segregation: YES

Covering Clients in Case of Insolvency: 50,000 GBP per client account

 

GKFX ASSET INDEX

GKFX focuses mainly on Forex Trading, but it offers other financial classes as well:

  • 40+ Forex currency pairs
  • Stock Indices
  • Equities
  • Commodities

GKFX SPREADS

The spreads of GKFX depend on the chosen account type, more specifically:

(1) Fixed Account Type: Spreads start as low as 1.5 pip on EURUSD | Minimum deposit is $1

(2) Variable Account Type: Spreads start as low as 1.2 pip on EURUSD | Minimum deposit is $1

(3) VIP Account Type: Spreads start as low as 0.6 pip on EURUSD | Minimum deposit is $25K

GKFX -London-Based ECN Forex Broker

 

GKFX TRADING PLATFORMS & TECHNOLOGY

GKFX provides 2 main platforms (MetaTrader4, Sirix WebTrader) in several versions. You can select between two web-traders (MT4 web-trader and Sirix web-trader), the classic MetaTrader-4 Desktop, and the MT4 Multiterminal for MAM accounts.

GKFX Mobile Trading: MT4 app for all mobile devices

Automated Trading: YES

Scalping: YES

PAMM / MAM Accounts: YES (via the MT4 MultiTerminal)

Languages Available: English, Arabic, Chinese, Russian, French, German, Indonesian

 

MT4 Boost

By depositing 2,500 USD Forex Traders get a free upgrade on MT4. This upgrade includes 10 MT4 expansions, including:

  • Alarm manager (6 Different types of alerts -Notifications via SMS, e-mail, pop-up, sound alerts, or even Twitter)
  • Extended Terminal (Trade & Risk calculators and analysis functions)
  • Correlation matrix & Correlation trader (Compare symbols and products from the Forex and other financial markets)
  • Sentiment trader (Shows current and historic sentiment against price)
  • Session map (Displays world’s main markets with a timeline reflecting trader’s local time)
  • Excel RTD (Send trading commands from VBA code in Excel)

 

VPS for Automated Trading

A Virtual Private Server (VPS) is offered for free by GKFX but a minimum starting balance of $4.000/ €2.000/£1.600 is required. In addition, GKFX requires 10 lots per month for the service to remain free. If requirements are not met, then GKFX reserves the right to charge €20/$25 on a monthly basis.

  • SERVER LOCATION: United Kingdom, London
  • LATENCY: < 1 ms
  • AVAILABLE PC: 1 CPU with 512MB RAM, 25GB HD, and 10GB Bandwidth
  • Minimum Deposit: $4.000/ €2.000
  • Monthly Trading Volumes: 10 lots (FX) or £50 per point (SpreadBet)

 

GKFX TRADING ACCOUNTS

These are the account types offered by GKFX:

TRADE ACCOUNTS FIXED ACCOUNT VARIABLE ACCOUNT VIP/CORPORATE
Trading Platforms MetaTrader4, Sirix WebTrader, MT4 MultiTerminal
Account Currencies EUR | USD | RUB
Order Execution STP
Minimum Account $1 $1 $25,000
Automated Forex Trading YES
Scalping YES
Leverage Up to 1:400 Up to 1:400 Up to 1:100
Minimum Trade Size 0.01 Lot 0.1 Lot 1 Lot
  » Open a Real Trading Account

GKFX Minimum Account: $1

GKFX Fund Methods: Credit Cards, Bank Wire, MoneyBookers, iDeal, SoFort, Laser, Carte Bleue, Dankort

GKFX Withdrawal Commissions: NO

Note: Withdrawal requests are sent the same way the funds were received.

 

GKFX CURRENT PROMOTIONS

These are the Forex trading promotions of GKFX:

  • 40% Welcome Bonus (YOU MUST CONTACT THEM WITHIN 2 DAYS OF FIRST DEPOSIT IN ORDER TO QUALIFY FOR THE BONUS)
  • Free Signals from TradingCentral
  • Free Autocharist software
  • Free VPS under policy (check above)

 

GKFX REVIEW -MAIN PROS & CONS

GKFX REVIEW PROS √

GKFX REVIEW CONS X

(√) High Regulated London-Based Forex Broker

(√) Providing many trading options (fund methods, platforms, etc.)

(√) MT4 Boost (under policy) and free TradingCentral signals

(√) AutoChartist Software (recognizing patterns)

(√) Automated Trading & Scalping

(√) Free VPS under Policy (check above)

(√) 40% Welcome Bonus, up to 8,000 GBP

(x) You need 2,500 USD to enjoy the MT4 boost and $25K to open a VIP account

 

GKFX REVIEW –FINAL THOUGHTS

Based in London and established in 2010, GKFX is the trading name of GKFX Financial Services Ltd. The broker is FCA (UK) regulated and offers advanced online Forex trading, CFDs and Spread Betting. GKFX maintains headquarters in UK and additional offices in 15 countries, such as Japan, Germany, Italy, China and Russia, and others.

As concerns GKFX accounts, the Fixed/Variable account types require a minimum deposit of $1 while the VIP/Corporate account types require a minimum deposit of $25K. The main difference between all account types is the trading spreads. The Fixed account charges 1.5 pip on EURUSD, the variable account 1.2 pip, and the VIP account as low as 0.6 pip. There is a practice account available by GKFX and a swap-free trading account. Many fund methods are available, including all major credit cards, wire, and Skrill. All account types have a $100 minimum withdrawal amount for bank wire but no limits for cards or internet wallets. GKFX offers a MAM account for money managers by utilizing the MT4 multi-terminal trading platform. The broker is allowing EAs via the MAM platform and the use of all common trading order types.

The main GKFX trading platform is the classic MT4 platform on three versions (MT4 Install, MT4 Web, and MT4 Multi-terminal). There is also the Sirix web-platform and mobile traders for all devices. GKFX offer many special features for Forex traders, such is the pattern recognition software AutoChartist and the use of TradingCentral analysis, which offers considerable market depth. There are no restrictions on trading conditions. That means that automated trading, Expert Advisors, hedging, and scalping are all allowed by GKFX.

GKFX offer many additional freebies to its clients. Free daily analysis, free education, and a free VPS Server under a certain policy (check above). For those depositing 2,500 USD or more, there is also the MT4 booster, offering exceptional features for MetaTrader (check above for more). The GKFX welcome bonus policy is 40% (up to 8,000 GBP) for those depositing 1,000 GBP or more. Note that you must claim your bonus within 2 days of the first deposit.

In overall, GKFX is a very safe STP Forex broker offering fair terms for trading Forex currencies, Spread Betting, and CFDs. The broker is a good choice for all types of traders, and all levels of trading experience. 

 

» GKFX Website & Register

GKFX Review

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