GKFX Financial Services Ltd is a global, UK based and FCA regulated online Forex trading company. GKFX forex brokerage firm was established in 2009 and represented in many countries, including Russia, Poland, France, Germany, Holland, Great Britain, Greece, etc. The company offers its users high quality services, so they can enjoy comfortable and efficient Forex trading. The firms claims to have developed their own fully-fledged Electronic Communication Network (ECN) an electronic exchange that contains information about the trading applications of the company’s clients as well as liquidity providers (banks, ECNs, large brokers). GKFX is a forex, CFD and spread betting broker. They give traders access to major markets like currencies, indices, commodities and shares. For traders interested in cryptocurrencies like Bitcoin, GKFX is one of the few brokers that also offer cryptocurrency CFDs. Is GKFX a reliable Forex broker or is it a scam broker? Find out more with AtoZ Markets Forex broker review of GKFX.
Based on our readers-first policy, putting their safety as a priority in our business line, we, as AtoZ Markets, scrutinize not only the broad headline with which a brokerage platform identifies itself, but even the smallest details about it.
This comes from our belief in values in the first place, and the must-have truth and transparency in what we publish on our website, en route of keeping the trust our readers put in us, which of course has contributed much to our name and stands behind its continuous ascendance. For the above mentioned, we stand on our toes checking all the ins and outs in a broker’s business history, biography and reputation, when it comes to presenting our audience an overview about a brokerage firm. In this review, we host GKFX brokerage company.
The firm offers different ways to deposit funds and withdraw your earnings. To replenish your trading account, you need to register with the broker, deposit the required amount, and choose a convenient way of transferring funds. To deposit funds, you can use the presented list of payment systems:
●Credit cards (MasterCard, Visa)
●Electronic payment systems (Skrill, WebMoney, QIWI, Neteller, Contact)
●Internet banking (Alfa-Click).
Depositing money via credit cards and electronic payment systems is instant, while bank transfers will bring you funds in up to five working days. When it comes to withdrawing your earnings to any of the electronic payment systems, you will receive money within 24 hours. However, you will have to wait for about 10 days if you decide to withdraw funds using bank transfers. GKFX offers over 386 different instruments to trade, including over 53 currency pairs. We’ve summarised all of the different types of instruments offered by GKFX below, along with the instruments offered by XTB and City Index for comparison. Forex, Commodities(energies, metals, agriculture), Index & Stock CFDs
The company offers MT4 on different devices. The metatrader4 platform, which is available for tablets and mobile devices and includes the desktop version. MT4 is a popular, advanced and easily accessible trading platform which provides the ultimate solution for online trading, technical analysis, and automated trading. The MetaTrader4 desktop platform enables the user to trade a variety of currency pairs, gold, and silver as well as a range of index and commodity CFDs on the MT4 platform. The MT4 platform, or forex software, comes with an advanced charting package and 30+ technical indicators to support your trading decisions. GKFX live account clients get free access to a set of research including audio market commentary covering all the major asset classes, insightful technical analysis reports, and sophisticated chart-pattern recognition tools. The platform is available for download and compatible with Windows 2000, XP and Vista and later and Mac Os X(10.5 Leopard). MetaTrader4 Mobile version is the best solutions for traders who want the mobile experience but need a robust mobile application for FX trading. A mobile platform is a powerful tool for FX traders who need performance, manageability, and usability in a Forex trading platform. MT4 Mobile trading platform key features include: MetaTrader4 Mobile is available for download and compatible with Android OS 4.0 and later, iOS 8.0 and later and Blackberry 10 and higher. MetaTrader4 Tablet is the best option for traders who want the tablet experience but need a robust tablet application for FX trading. A tablet platform is a powerful tool for FX traders who need performance, manageability, and usability in a Forex trading platform. MetaTrader Tablet is available for download and compatible with Android OS 4.0 and later, iOS 8.0 and later and Blackberry 10 and higher. MetaTrader 4 Web Platform is available for GKFX live account holders. This kind of platform allows trading from any browser and operating system (Windows, Mac, Linux) with no additional software and with user’s existing credentials. To start using the platform, users need to login to their MetaTrader 4 web version offers all the standard usability which clients are familiar with MetaTrader 4 desktop platforms entire ecosystem. Sirix WebTrader provides users with all the same functionality and usability seen on the standard native MT4 desktop platform solution, but with the added flexibility of platform access from any web-enabled PC. When using the Sirix WebTrader, the users have the option to trade using one-click trading, seamless social trading, black and white in HTML 5, and advanced Charting. MultiTerminal is an additional component of the GKFX MetaTrader4 Online Trading Platform. This kind of trading tool is a solution for traders working with multiple accounts simultaneously, and can, therefore, provide a dynamic platform to account managers. MultiTerminal enables to place market and pending orders, view history, view live market prices and verify all account balances and equities in real-time. Multiterminal is available for download and compatible with Windows 2000, XP and Vista and later.
GKFX offers a wide range of account types, all of which have been designed to allow its customer to trade according to their individual needs. There are three types of accounts GKFX offers.
GKFX provides its clients access to the top cryptocurrency markets by trading such cryptocurrencies as Bitcoin, Ethereum, Litecoin, Dash and Ripple quoted against the US Dollar. At GKFX, cryptocurrencies are quoted against the US Dollar, this means that when you buy cryptocurrencies on an exchange you’re selling USD. GKFX enables to choose from Bitcoin, Ethereum, Ripple, Dash and Litecoin. When you buy cryptocurrency with GKFX, instead of taking ownership of it, you take a position that will increase or decrease in value as the price moves against the dollar.
Depending on the account type the user holds with GKFX, some products are liable to commission. All commission charges are stated in the customer’s daily/monthly statements. GKFX enables to trade a large range of instruments with fixed as well as variable spreads depending on the trading account type selected.
The customer support available for the clients with the support & trading inquiries 24 hours a day from 10 pm Sunday - 10 pm Friday. For the users having problems with payments, the customer support is available 9 am - 5 pm Monday - Friday. The customer having issues with their accounts can approach the customer support at 8 am - 5 pm Monday - Friday. GKFX has a customer support team that is known to be efficient and responsive. The team can be reached through email, live chat, and telephone. The support team is noted for resolving any queries within 24 hours.
GKFX possesses all the necessary licenses for carrying out its activity in all countries where the Forex market is regulated. GKFX is authorized and regulated by the Financial Conduct Authority (FCA) in the United Kingdom. The firm’s FCA Register number is 501320 and the company number 6837942. Under FCA client money rules, GKFX is obliged to segregate all its retail clients’ funds from its own funds. This separation of accounts ensures that your money can never be used as a recoverable asset by GKFX's general creditors. All client funds are held in separate bank accounts with some of the world’s top tier banks, including Barclays and BNP. In the unlikely event, GKFX cannot meet its financial obligations, a retail client can submit a claim to the Financial Services Compensation Scheme (FSCS) which was set up under the Financial Services & Markets Act 2000. This allows all retail clients to claim up to £50,000 in case GKFX gets into financial difficulties and is not able to repay what it owes to clients.
To sum it up, we, at AtoZ Markets, can confidently say that GKFX enjoys having a high profile in the market today, with a respectable reputation that took the aforementioned broker hard work and effort, as long as patience until they managed to build it. The company has proven to be client-oriented in a short time relatively, with a record of supporting the client with all the tools they need for their trading.