GKFX Review
Regulated by: FCA
Headquarters: United Kingdom
Ranking: 24
Spread: 1.2 pips (EURUSD)
Leverage: 400:1
Minimum Deposit: $0
GKFX Review & Author's Comment
GKFX Review & Author's Comment
GKFX is established in 2010 and regulated by FCA in the UK. It may look like a relatively new forex broker however it is very impressive to see how fast this firm grew into one of the most successful emerging forex brokers in the world with offices in China, Slovakia, Slovenia, Egypt, Germany, Hong Kong, Indonesia and Italy.
It could be one of the fastest growing forex brokers in the world however GKFX underdelivers in terms of spreads and trading features. If you have an automated trading system, unfortunately you won’t be able to trade with GKFX since the firm doesn’t allow use of EAs. Besides, spreads are relatively high. Well, it goes as low as 0.6 pips for EURUSD however on VIP account which requires you to deposit at least $25.000.
| Broker Detail | |
|---|---|
| Adress: | Bevis Marks, House 24 Bevis Marks, London, EC3A 7JB, United Kingdom |
| Phone: | +44(0)2071861212 |
| Web: | |
| E-Mail: | [email protected] |
| Regulator: | FCA (Registration number 501320) |
| Year Founded: | 2010 |
| Instruments | |
|---|---|
| Forex: | |
| Precious Metals: | |
| Energy: | |
| Soft Commodities: | |
| Indices: | |
| CFDs: | |
| Stocks: | |
| ETFs: | |
| Bonds: | |
| Options: | |
| Cryptocurrencies: | Bitcoin |
| Account Options | |
|---|---|
| ECN Account: | |
| Swap-Free Account: | |
| Nano Account: | |
| MAM / PAMM Account: | |
| Demo Account: | |
| Funding Methods: | Wire Transfer, Credit Card, Skrill, Neteller, Sofort |
| Withdrawal Methods: | Wire Transfer, Credit Card, Skrill, Neteller, Sofort |
| Customer Services | |
|---|---|
| Live Chat: | |
| 24 Hours Support: | |
| Languages: | Arabic, Chinese, Chzech, Dutch, English, French, German, Greek, Hungarian, Italian, Romanian, Spanish, Swedish |
| Platforms | |
|---|---|
| Supported Platforms: | MetaTrader 4 |
| Webtrader: | |
| Mobile: | IOS, Android |
| Trading | |
|---|---|
| Leverage: | 400:1 |
| Spreads: | As low as 1.2 pips for EURUSD on Variable account |
| Minimum Deposit: | $0 |
| Fixed Spreads: | |
| Automated Trading: | |
| Hedging: | |
| API Trading: | |
| Negative Balance Protection: | |
| Accepts Clients from the US: |
GKFX Review
GKFX Review
- Reliability - 8.1/108.1/10
- Deposit & Withdrawal - 8.2/108.2/10
- Bonus - 5/105/10
- Customer Support - 8.3/108.3/10
- Overall Trading Conditions - 7.8/107.8/10
Summary
One of the fastest growing forex brokers in the world. FCA regulated and reliable. EAs not allowed, high spreads, no trading promotions and bonuses.
I traded on the Demo Account for a month in order to learn more about trading forex. It can be done on any device – that’s very convenient but when I started to the real account – known as GKFX – with spreads beginning from 0.7 pips, I realized it to be different. I wanted to contact the customer service by a chat and email but nobody replied. well. I spent more time to make a phone call and had a long talk with an rep who was not able to explain me why the spreads were never 0. 7 pips as they promised. I do not want to continue to trade with them. Cannot take unprofessional work performance.
This is the best financial service in the world. Every currency trader should use it.
i trade them for 3 monhts. no problem until today