GKFX Review for 2019

GKFX Rated 3/5
GKFX have a low rating. We recommend you look at one of their alternative brokers.
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GKFX Introduction

When trading in the financial markets it can be very time consuming to find a broker that meets your needs.

Often you have to visit and read many broker websites all of which have different uses of language. The wording can be very confusing. In our review of GKFX we break down the pros and cons. What GKFX are able to offer, what countries GKFX are available in. Who GKFX are regulated by and more.

Having a reliable and capable broker is crucial to your success in online trading. Make sure that your broker is not fake or unreliable to avoid losing your investment. Ensure that your needs fit the profile of your broker as well, in order for you to have a good working profitable relationship.

Benefits of trading with GKFX

  • Regulated by: Financial Conduct Authority
  • Headquarters Country : UK
  • Foundation year 2010
  • Min Deposit Fee : 20
  • Used by over 10,000 traders
  • GKFX is not available in the following countries : US
Open GKFX's Website

Losses can exceed deposits

At the bottom of this review you can also learn about some pretty good alternatives to GKFX

With this review we hope to help you see if GKFX is a good fit for you.

It is a common myth that online trading is confusing. It is only difficult for people who have not done the research. In this article, you will learn important information regarding GKFX that will help you get off to a good start in the world of online trading.

GKFX Review Table of Contents

GKFX what you should know

GKFX offer three ways to trade: Forex, CFDs, Spread Betting.

With GKFX you will need a minimum deposit of $20. You can sign up for a demo account to acquaint yourself with GKFX platform.

GKFX are able to accommodate various levels of traders whether you are experienced or a beginner.


Are GKFX safe?

When choosing a broker like GKFX the administrative body and regulatory status of the broker is very important. Brokers who conduct trades without supervision of a regulatory body do so at their own discretion. Any capital you invest is at risk.

Established in 2010, and in operation for 9 years GKFX have a head office in UK.

GKFX is regulated. This means GKFX are supervised by and is checked for conduct by the Financial Conduct Authority regulatory bodies.

Regulated brokers will not manipulate market prices. When you send in a withdrawal request to GKFX, this will be honored. If GKFX violate any regulatory rules their regulated status could be stripped.

Any payments funded to GKFX accounts by traders are held in a segregated bank account.

For added security GKFX use tier-1 banks for this. Tier 1 is the official measure of a banks financial health and strength.

Try creating two accounts when you are working with GKFX. One is the real account, with your real money and the other is your demo account. The demo account is your experimental account.

Open a demo account Visit GKFX

Losses can exceed deposits

Full disclosure: We may receive a commission if you sign up with a broker using one of our links.

What we like about GKFX

  • Used by over 10,000 traders
  • Established in 2010
  • Regulated by Financial Conduct Authority
  • Min. deposit from $20

What we don't like about GKFX

GKFX General Fees

  • GKFX doesn't charge withdrawal fees
  • GKFX doesn't charge inactivity fees

GKFX Commissions

  • GKFX doesn't charge commission on CFD shares.

What can you trade with GKFX?

You can trade a wide variety of instruments with GKFX over 100 instruments infact.

If you are looking at trading currency pairs GKFX offer over 55 currency pairs.

Compare GKFX with eToro and XTB below.

Losses can exceed deposits

FX / Currencies GKFX eToro XTB
Forex pairs offered 55 50 50
Major forex pairs Yes Yes Yes
Minor forex pairs Yes Yes Yes
Exotic forex pairs Yes Yes Yes
Cryptocurrencies Yes Yes Yes
Commodity CFDs GKFX eToro XTB
Commodities offered 0 0 21
Metals Yes Yes Yes
Energies Yes Yes Yes
Agricultural Yes Yes Yes
Indiced & Stock CFDs GKFX eToro XTB
Stocks offered 300 957 1696
UK Shares Yes Yes Yes
US Shares Yes Yes Yes
German Shares Yes Yes Yes
Japanese Shares Yes Yes Yes
GKFX
Instruments
eToro
Instruments
XTB
Instruments

Trading on GKFX web platforms and other applications

GKFX offer the popular MT4 forex trading platform. To see a list of the top MT4 brokers, see our comparison of MT4 brokers.

An GKFX IOS or Android native App on your phone or tablet will Work quicker Than the Avatrade Website on the same device

GKFX also offer mobile apps for Android and iOS, making it easier to keep an eye on and execute your trades while you’re on the move.

See GKFX's platforms

GKFX Trading benefits :

  • Allows scalping
  • Allows hedging
  • Offers STP
  • Low min deposit

GKFX Trading Accounts Offered :

  • Demo account
  • Micro account
  • Mini account
  • Standard account
  • Islamic account

Can I try GKFX before I buy?

GKFX offer a demo account so you can try before putting down funding payments. Open a practice account & learn to trade

What funding methods do GKFX accept?

GKFX offer the below funding payment methods. learn more about GKFX

  • Credit cards
  • Bank Transfer
  • Payoneer

How can I start trading with GKFX?

When opening a trading account with GKFX, you will need to sign up here. Once you have received your login details by email, submitted your identification documents for account validation, and made a deposit; the next step is to download the trading platform of your choice. You can find detailed guidance on GKFX trading platforms here.

Performing trades with GKFX

GKFX allow you to execute a minimum of trade of 0.01 Lot. This may vary depending on the account you open. The maximum trade requirements vary depending on the trader and the instrument. As GKFX offer STP execution, you can expect tighter spreads with more transparency over the price you‘re paying to execute your trades.

As with most brokers, margin requirements do vary depending on the trader, accounts and instruments.

Education resources at GKFX

To trade effectively with GKFX, it's important to get a have a good understanding of the XTB trading tools and the markets.

GKFX offer a good selection of educational resources. Spend some time reading up on how the markets and trading works, making active trades, active trading times, and managing risk.

Having an analytical approach may be a good way to approach trading with GKFX.

Take time to look around the GKFX platforms and train yourself to think more systematically and logically about the markets. It's a new skill-set for many, but it is what the market requires of you.

Support at GKFX

GKFX support a limited number including English

GKFX have a double AA grade support rating because GKFX offer live chat and email support and less than three languages.

What you will need to open an account with GKFX

As GKFX is regulated by Financial Conduct Authority, every new client must pass a few basic compliance checks to ensure that you understand the risks of trading and are allowed to trade. When you open an account, you'll likely be asked for the following, so it's good to have these handy:

  • A scanned colour copy of your passport, driving license or national ID
  • A utility bill or bank statement from the past three months showing your address

You'll also need to answer a few basic compliance questions to confirm how much trading experience you have, so it's best to put aside at least 10 minutes or so to complete the account opening process.

While you might be able to explore GKFX's platform straight away, it's important to note that you won't be able to make any trades until you pass compliance, which can take up to several days, depending on your situation.

To start the process of opening an account with GKFX you can visit their website here.

CFDs are leveraged products and can result in the loss of your capital. All trading involves risk. Only risk capital you're prepared to lose. Past performance does not guarantee future results.
This post is for educational purposes and should not be considered as investment advice. All information collected from https://www.gkfx.com/ on 12th August 2018.

GKFX not quite right?

Check out these GKFX Alternatives

We have spent years researching the best alternatives to GKFX. Click the links below to learn more.

If you feel some of the above GKFX are not quiet what you are looking for or perhaps you would just like to see some alternatives. See our highly rated list of GKFX alternatives below.

Related GKFX Comparisons

If you would like to see how GKFX stands up against other brokers you can read some of our GKFX comparisons below. We compare side by side some of our top rated GKFX versus comparisons. Read some indepth GKFX VS pages below.

GKFX Frequently Asked Questions

Can I try GKFX before I buy?

GKFX offer a demo account so you can try before you put down and payment. Learn more here

What funding methods do GKFX accept?

GKFX offer the following funding payment methods accept Credit cards, Bank Transfers, Payoneer, Wire Transfer, among other payment methods.
Learn more here

Losses can exceed deposits

How can I start trading with GKFX?

When opening a trading account with GKFX, you will need to sign up here. Once you have received your login details by email, submitted your identification documents for account validation, and made a deposit; the next step is to download the trading platform of your choice. You can find detailed guidance on GKFX trading platforms here.

Is my money safe with GKFX?

GKFX is regulated by Financial Conduct Authority. One of the most important criteria for traders when choosing a broker like GKFX is the regulatory body and regulatory status of the broker. Brokers who conduct business without regulation do so at their own discretion and pose a direct risk to the security of their clients money.

Regulated brokers will not manipulate market prices. When you send in a withdrawal request to GKFX, this will be honored. If they violate any regulatory rules their regulated status can be stripped.