GKFX Review 2020

GKFX Rated 3/5
learn more Learn more about eToro. 75% of retail investor accounts lose money when trading CFDs with this provider.
GKFX Screenshot

GKFX Guide

GKFX are an online broker founded in 2010 offering Forex trading, CFDs trading, and Spread Betting trading.

GKFX are a global broker and have a head office in UK.

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

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 10 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 (FCA) 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.

Broker GKFX eToro FP Markets Trading212
Year Established 2010 2006 2005 2006
Head Office UK Cyprus, UK Australia UK
Regulation Financial Conduct Authority (FCA) Financial Conduct Authority (FCA), Cyprus Securities and Exchange Commission (CySEC) Australian Securities and Investment Commission (ASIC), Cyprus Securities and Exchange Commission (CySEC) Financial Conduct Authority (FCA), Financial Supervision Commission (FSC)
Used By 10,000+ 12,000,000+ 10,000+ 14,000,000+
Negative balance protection No No Yes Yes
Guaranteed Stop Loss No No No Yes
Learn More Visit GKFX Visit eToro Visit FP Markets Visit Trading 212
Risk Warning Losses can exceed deposits 75% of retail investor accounts lose money when trading CFDs with this provider. Losses can exceed deposits CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 76% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

GKFX Pros and Cons

What we like about GKFX

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

What we don't like about GKFX

GKFX Financial Regulation and Supervision in more detail

We have checked and GKFX is regulated and supervised by reputable organisations. You are able to check every GKFX supervisory and regulatory body given below. Regulation gives you some recourse for those who have issues with GKFX. Regulatory authorities protect the traders with things like reimbursement schemes that regain the client's investment in the event the broker becomes insolvent.

The brokerage firms have to comply with a variety of rules and criteria determined by the recognized international authority with the intention to provide secure trading and stay licensed. The whole notion of regulation is to protect GKFX traders and provide a safe trading environment.

GKFX is governed and supervised by reputable financial regulatory bodies. Regulatory bodies monitor the behavior of the brokers and if things go wrong they will take necessary action. Before trading online with a broker such as GKFX you should be sure they're legitimate online agent.

GKFX General Fees

  • GKFX doesn't charge withdrawal fees
  • GKFX doesn't charge inactivity fees
  • GKFX does charge deposit fees
Broker GKFX eToro FP Markets Trading212
Min Deposit 20 200 100 1
Withdrawal Fees No Yes No No
Inactivity Fees No Yes No No
Deposit Fees Varies No Yes No
CFD Commission Fees No No Yes No

GKFX Commissions

  • GKFX doesn't charge commission on CFD instruments.

What can you trade with GKFX?

Be aware that Different entities under GKFX Brand offer different trading instruments due to regulatory restrictions. Trading instruments offered may differ based on the country of residence of the Client.

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 FP Markets below.

Losses can exceed deposits

Broker GKFX eToro FP Markets Trading212
Instruments Available 100 100 100 3000
Platforms MT4, Mac, Web Trader, Tablet & Mobile apps Web Trader, Tablet & Mobile apps MT4, MT5, IRESS, Mac, Web Trader, Tablet & Mobile apps Web Trader, Tablet & Mobile apps
FX / Currencies Visit GKFX Visit eToro Visit FP Markets Visit Trading 212
Forex pairs offered 55 50 60 177
Major forex pairs Yes Yes Yes Yes
Minor forex pairs Yes Yes Yes Yes
Exotic forex pairs Yes Yes Yes Yes
Cryptocurrencies Yes Yes Yes Yes
Commodity CFDs Visit GKFX Visit eToro Visit FP Markets Visit Trading 212
Commodities Offered 0 0 18 14
Metals Yes Yes Yes Yes
Energies Yes Yes Yes Yes
Agricultural Yes Yes Yes Yes
Indiced & Stock CFDs Visit GKFX Visit eToro Visit FP Markets Visit Trading 212
Stocks Offered 300 957 10000 1731
UK Shares Yes Yes Yes Yes
US Shares Yes Yes Yes Yes
German Shares Yes Yes Yes Yes
Japanese Shares Yes Yes Yes Yes

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
  • STP 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

GKFX withdrawal and funding methods.

Please note that the list of payment methods below depend on the GKFX Entity and the Clients Country of Residence.

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

  • Credit cards
  • Bank Transfer
  • Payoneer
Broker GKFX eToro FP Markets Trading212
Bank transfer Yes Yes Yes Yes
Credit Cards Yes Yes Yes Yes
Paypal No Yes Yes Yes
Skrill No Yes Yes Yes
Payoneer Yes Yes No No
Neteller No Yes Yes No

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 instruments.

GKFX Leverage and GKFX CFDs Explained

let's take a look at some of the basics of using GKFX leverage.

GKFX offer CFD are a leveraged product for this example we describe ten times leverage.

So you have a ten thousand dollar position but you only tie up a thousand dollars a tenth of the value on your account. You have a situation where a small sum of money is controlling a much bigger financial position. This is your leverage.

So what effect does leverage have on your profits and losses well put simply it magnifies them in both directions.

GKFX leverage magnifies both profits and losses when trading.

Let's say for example you buy ten thousand dollars worth of General Electric (GE) using contracts for difference ( CFDs ) using the GKFX trading platform.

let's say General Electric (GE) rises 10% because its results are positive your position which was worth ten thousand dollars is now worth $11,000.

It's grown by $1000 10% in value this represents a hundred percent increase on the funds initially committed on your leverage CFD trade.

Our initital investment of ten thousand dollars for the trade and has made a thousand dollars in profit because the price is up ten percent.

The GKFX leverage goes both ways. If General Electric (GE) Falls 10% on week results your position which was worth ten thousand dollars is now worth only nine thousand dollars. It has fallen by a thousand dollars.

GKFX CFDs are typically used for short to medium term trades. For example GKFX intraday trading.

Limit Risk When Trading with GKFX Stop Loss, GKFX Stop Limit Orders

A stop-loss order is an order placed with a broker like GKFX to buy or sell once the stock reaches a certain price. A stop-loss is designed to limit a traders loss on a security position.

Most traders need to use stop losses to protect themselves from huge risk unless the trade is hedged against another trade or the trader is not using leverage. Circumstances differ depending on the trade and the markets.

Education resources at GKFX

To trade effectively with GKFX, it's important to get a have a good understanding of the GKFX 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.

Customer 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 in multiple languages.

Livechat Support at GKFX

We tested the GKFX live chat and it works well. We sent messages to GKFX livechat through their app and website and recieved a response within 30 seconds.

We tested communicating with GKFX support in multiple languages in multiple countries. GKFX where able to quickly resolve our customer issues.

Email Support at GKFX

We sent several emails to GKFX and answer times overall were excellent. The fastest response from GKFX was less than 15 minutes and the slowest response was 7 hours. Support response times may vary for you with GKFX, but this was our experience sending 10 emails at varying times.

The team resolved and answered our queries. Overall very good email support from GKFX.

Phone Support at GKFX

We called GKFX and the call was answered very quickly. The call was answered in less than 5 minutes.

The GKFX phone support team were able to successfuly answer our questions and issues over the phone. We tested the multilingual GKFX team by calling in varying languages. GKFX made an effort to make sure our queries were answered.

Overall great phone support from GKFX.

See how GKFX Support Compares Against Other Brokers

Broker GKFX eToro FP Markets Trading212
Support
  • Live chat
  • Phone support
  • Email support
  • Live chat
  • Phone support
  • Email support
  • Live chat
  • Phone support
  • Email support
  • Live chat
  • Phone support
  • Email support
Languages English English, German, Spanish, French, and Italian English, Spanish, Portuguese, Romanian, Bulgarian, Arabic, Russian, French, Italian, Greek, Philippines, Latvian, Polish,Indonesian, Thai, Malay, German, Vietnamese English, Deutsch, Nederlands, Espanol, Francais, Italiano, Polski, Srpski, Norsk, Svenska, Cesky, РУССКИЙ, Romana, Turkce, العربية, 中文
Learn More Visit GKFX Visit eToro Visit FP Markets Visit Trading 212
Risk Warning Losses can exceed deposits 75% of retail investor accounts lose money when trading CFDs with this provider. Losses can exceed deposits CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 76% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

What you will need to open an account with GKFX

As GKFX is regulated by Financial Conduct Authority (FCA), 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:

Be aware Please kindly note that the expiration date of Proof of address document for different entities under GKFX Brand may be different.

  • 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 3 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.

Is GKFX A Good Broker?

We spent over 3 months examining GKFX in depth. Although we found some very useful aspects of the GKFX platform that would be useful to some traders. Overall our feeling is that you would be better served with an alternative GKFX broker.

  • GKFX have a good track record of offering Forex, CFDs, Spread Betting.
  • GKFX has a history of over 10 years.
  • GKFX has a reasonable sized customer support of at least 10.
  • GKFX are regulated by Financial Conduct Authority (FCA). This means GKFX fall under regulation from a jurisdiction that can hold a broker responsible for its misgivings; or at best play an arbitration role in case of bigger disputes.
  • GKFX have regulation from a Tier 1 reputable country.
  • GKFX has the ability to get deposits and withdrawals processed within 2 to 3 days. This is important when withdrawing funds.
  • GKFX have an international presence in multiple countries. This includes local GKFX seminars and training.
  • GKFX are able to hire people from various locations in the world who can better communicate in your local language.

GKFX Risk Disclaimer

Losses can exceed deposits

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?

Please note that the list of payment methods below depend on the GKFX Entity and the Clients Country of Residence.

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

Is GKFX safe?

GKFX are considered safe as they are regulated by and checked for conduct by the Financial Conduct Authority (FCA). 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.

Is GKFX trading good?

GKFX is considered good and reputable to trade with. GKFXGKFX is used by over GKFX active traders. GKFX offers Forex trading, CFDs trading, and Spread Betting trading. Minimum deposit with GKFX is 20.

Is GKFX trading Legit?

GKFX was founded in UK in 2010. GKFX has been facilitating trade on the financial markets for over 10 years. GKFX offers clients Forex trading, CFDs trading, and Spread Betting trading. All funds deposited to GKFX are held in segregated tier 1 bank accounts for security. GKFX is regulated by Financial Conduct Authority (FCA) so can be considered legit.

Is GKFX a good broker?

GKFX is overseen by the top tier financial regulators Financial Conduct Authority (FCA) so can be considered a good broker. GKFX allows Forex trading, CFDs trading, and Spread Betting trading.

Is GKFX trustworthy broker?

GKFX can be considered trustworthy. All money funded to GKFX is placed into a segregated tier 1 bank account. this means your money in not held by GKFX directly but a tier 1 bank. The broker has no direct access to your funds so cannot misappropriate your money. Also GKFX is regulated by Financial Conduct Authority (FCA).

What is the minimum deposit for GKFX?

The minimum deposit to trade with GKFX is 20.

How long do GKFX withdrawals take?

Withdrawing money from GKFX processing time varies but averages 2-5 days.

Is GKFX regulated?

GKFX is regulated by Financial Conduct Authority (FCA).

Is GKFX a market maker?

GKFX is a market maker. Stocks, currency and other commodities and instruments will be purchased by GKFX even if no buyer is lined up.

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 (FCA). 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.

Is GKFX a con?

GKFX is regulated and well established having been in business for over 10 years. GKFX is definitely not a con.

Can you make money with GKFX?

Although traders have had great success with GKFX. Trading on the financial markets with GKFX is not a get rich scheme. If you educate yourself, practise with a demo account and carefully plan your trading your chance of success will greatly increase. Never trade with money you cannot afford to lose. Losses can exceed deposits.

Does GKFX have fees?

GKFX doesn't charge withdrawal fees. GKFX doesn't charge inactivity fees. GKFX does charge deposit fees.

When was GKFX founded?

GKFX was founded in 2010.

How many people use GKFX?

GKFX is used by over 10000 registered traders.

What is GKFX Headquarters country?

GKFX has its head quarters office in UK.

Does GKFX offer negative balance protection?

GKFX does not offer negative balance protection. With Negative balance protection means traders cannot lose more money than they have deposited.

Does GKFX offer guaranteed stop loss?

GKFX does not offer guaranteed stop loss. With guaranteed stop loss protection risk is managed. Traders are guarenteed to close your trade at your specified price. Stop Loss orders are guaranteed only during market hours and under normal trading conditions.

Does GKFX allow scalping?

GKFX offers scalping.

Does GKFX allow hedging?

GKFX offers hedging.

Does GKFX offer CFD trading?

GKFX offers CFD trading.

Does GKFX offer STP?

GKFX offers STP trading.

How many people use GKFX?

GKFX is used by over 10000 traders.

Is GKFX an ECN broker?

GKFX does not offer ECN trading.

Does GKFX offer a demo account?

GKFX offers a demo account.

Does GKFX offer an Islamic account?

GKFX offers a Islamic accounts.

What are the funding methods for GKFX?

GKFX accept the following funding methods : Credit cards, Payoneer, Bank Transfer.

GKFX review written by Andrew Blumer and Mark Hansen

We hope you found our review of the GKFX brokerage firm useful.

This article was written by our financial editor Mark Hansen and Andrew Blumer.

Mark was previously of the Kiel Insitute and has worked with financial organisations across Europe, Australia, South East Asia, South Africa and the Middle East. Mark has over 15 years experience in financial analysis, forecasting, financial modeling idenifying new market opportunities in Stocks, CFD's, Forex and Commodities.

Andrew has a well-established career in fintech and came up with comparebrokers.co to make trading on financial markets more transparent and accessible.

Whether you want to trade Forex, Stocks, Commodities or Indices we will help you find the best online broker for you from 400+ brokers for clients based in the UK, Europe, Asia, South Africa and Australia.

GKFX review written by Mark Hansen of Comparebrokers.co