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GKFX Review & Rating [yyyy]

GKFX Review & Rating 2022

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Are you looking for an honest review of GKFX? Read this GKFX review before making your broker decision. Is GKFX a scam or not? Does GKFX holds any licence to run the business? Does your money safe with GKFX? To get all these answers and more, keep reading our GKFX review.

GKFX is an European forex and CFD broker that offers trading services in a wide range of currencies, commodities, indices, and other financial instruments. The company is headquartered in Malta. 

GKFX is regulated by the Financial Conduct Authority (FCA) in the UK and the Malta Financial Services Authority (MFSA). 

GKFX Review

After having an extensive research, we have prepared this review of GKFX for AtoZ Markets. We tried our best to be neutral while writing this review. 

Overview

Company
8/10
Trust
9/10
Trading Platform
8/10
Account Types
7/10
Costs
8/10
Customer Support
8/10
Regulation
8/10
Cryptocurrency
7/10

Company

8 /10

GKFX is the brand name of AKFX Financial Services LTD. It is a Malta-based securities brokerage company, and is licensed to provide financial services in the EU. 

Their servers are the most advanced in their field and offer a secure and efficient trading platform. GKFX is in compliance with EU regulations.

AKFX Financial Services Ltd. was founded in 2013 and purchased by Global Kapital Group in 2018. With extensive industry experience, the group has been involved in Forex and CFD brokerage since 2010. Our top-notch services and innovative approach to customer service are the key to our group's strength.

AKFX Financial Services Ltd. offers cutting-edge services to both professional and retail clients that offer multi-asset FX/CFD trading.

GKFX Products 

GKFX offers a wide range of currency pairs, as well as CFDs on indices, commodities, stocks, and other financial instruments.

Currency Pairs: GKFX offers more than 40 different currency pairs for trading, including major, minor, and exotic pairs. Their spread starts from 0.1 pip on premium accounts.  

Indices: GKFX offers CFDs on a number of different indices from around the world, including the UK, US, Germany, Japan, and Australia. The following is a list of some of the most popular indices offered by GKFX: FTSE 100, DAX 30, S&P 500, Nasdaq 100, Nikkei 225 and more.

Commodities: GKFX offers CFDs on a number of different commodities, including metals, energies, and agricultural products. The following is a list of some of the most popular commodities offered by GKFX: Gold, Silver, Oil, Natural Gas and more.

Stocks:  GKFX offers CFDs on a number of different stocks from around the world. All major DAX40 stocks and ES35 stocks can be purchased. You also have easy access to stocks of Europe's top companies through GKFX's exceptional service quality. Trade top stocks of companies such as Inditex and Volkswagen to discover market opportunities.

Stocks with Leverage: With a GKFX account, you can trade CFDs for stocks quickly. Sign up now and make a deposit. CFDs can be traded immediately for shares of top companies around the world, no matter where you are. GKFX provides a wide range of share CFDs from top UK, US and European companies. Leverage for stocks is 1:5.

Thematic Investment: Thematic Equities is a GKFX portfolio that aligns to trading trends. This concept offers a variety of stock products, from the Internet of Things to Esports companies that innovate transform today's world. GKFX offers a world of privileges that allows you to invest in Thematic Equities.

Crypto: GKFX has a wide range of CFDs available for crypto coins. The crypto market is volatile and offers traders the opportunity to trade both long and short.

You don't have to own the coins so you don't require a wallet. You only need to accurately predict the price movement and trade CFDs using GKFX.

GKFX also offers a range of other services, including: 

Trading Central: Trading Central is an award-winning financial research provider that offers analysis and technical analysis on a wide range of financial instruments, including forex, CFDs, and stocks. 

Copy Trading: Copy Trading allows users to copy the trades of other traders automatically. The service is available through the GKFX MetaTrader 4 platform. 

Autochartist: Autochartist is a market analysis tool that provides real-time alerts for potential trading opportunities. The service is available through the GKFX MetaTrader 4 and Web Trader platforms. 

Economic Calendar: The Economic Calendar is a tool that provides information on upcoming economic events. The calendar is available through the GKFX MetaTrader 4 and Web Trader platforms. 

VPS:  GKFX offers a virtual private server (VPS) service that allows users to trade 24 hours a day, 7 days a week. The service is available through the GKFX MetaTrader 4 platform. 

MT Booster Pack:  The MT Booster Pack is a package of add-ons for the MetaTrader 4 platform that includes a number of useful features, such as: One-click trading and Advanced order types.

Pros and Cons of GKFX

GKFX Pros

√ Regulated by the FCA

√ Headquartered in Malta

√ Has an extensive FAQ section on its website.

√ Customer service is available 24/5

GKFX Cons

- Minimum deposit is too high in Premium and Premium Plus account. 

- Not available to US traders

Trust

9 /10

GKFX is a regulated broker and is not a scam. The company is headquartered in Malta. The broker is regulated by Malta  Financial Services Authority (MFSA) and UK Financial Conduct Authority (FCA).  GKFX is authorized under the Investment Services Act. 

Fund Security on GKFX

GKFX is a regulated broker, which means that your money is safe. Your funds are held in segregated accounts at tier-1 banks.

GKFX uses negative balance protection through The European Security and Markets Authority (ESMA), meaning you will never lose more than your account balance.

These are just a few of the reasons why GKFX is a safe and trusted broker.

Trading Platform

8 /10

GKFX offers the popular MetaTrader 4 (MT4) and MetaTrader 5 (MT5), GKFX Platform and Web Trader trading platforms. 

Trading Platforms

MetaTrader 4:  MetaTrader 4 (MT4) is a widely used electronic trading platform for online retail foreign exchange (FOREX) traders. It was created by MetaQuotes Software and released in 2005. The software is licensed to foreign exchange brokers who provide the software to their clients. GKFX has MetaTrader 4 for Windows, Mac, android and iOS.

The MT4 platform is available in several languages and can be downloaded from the GKFX website. Once installed, it allows users to access the forex market via their broker and make trades. The platform also provides access to other financial markets, including CFDs on stocks, futures, indices, and commodities. 

MetaTrader 5: MetaTrader 5 (MT5) is the successor of MT4 and was developed by MetaQuotes Software. It was released in 2010 and is available in 32 languages. GKFX has MetaTrader 5 for Windows, Mac, android and iOS.

The MT5 platform is very similar to MT4, but it offers a number of additional features, including: 

√ Advanced charting tools.

√ More timeframes.

√ More technical indicators.

√ The ability to trade multiple assets from one account.

√ A built-in economic calendar 

GKFX Platform:  The GKFX Platform is a proprietary trading platform that is available as a web-based and mobile  application. The platform provides access to the forex market, as well as other financial markets, including CFDs on stocks, futures, indices, and commodities. 

Mygkfx

Some of the features of the GKFX Platform include: 

√ Real-time quotes and charts

√ One-click trading

√ Advanced order types

√ Autochartist

√ Integrated news and analysis.

√ Personalize the interface to control how account, market and trading information are displayed.

√ Track everything with completely customizable watchlists, charts, quotes, or watchlists.

√ Choose from dark or light themes for your platform view/functions.

√ Keep your most important products together with a personalised watchlist.

√ Create your pages and share your most bold trading ideas.

Web Trader:  The Web Trader platform is a web-based trading platform that provides access to the forex market, as well as other financial markets, including CFDs on stocks, futures, indices, and commodities. 

Some of the features of the Web Trader platform include: 

√ Real-time quotes and charts

√ One-click trading

√ Advanced order types

√ Autochartist  

Account Types

7 /10

GKFX offers three account types: Classic, Prime and Prime Plus. All account types can be traded on the MT4, MT5 and Web Trader platforms. 

Classic Account

The Classic account is a commission-free account that offers spreads from 0.7 pips. The minimum deposit for this account type is 0. Leverage is up to 1:30. With classic account, you can trade Indices 10 cents per point. 

Prime Account

The Prime account is also a commission-free account that offers spreads from 0.5 pips. The minimum deposit for this account type is €2500. 

Prime Plus Account

The Prime Plus account is a commission-based account that offers spreads from 0.1 pips. Commission on this account is €5. The minimum deposit for this account type is €15,000.

Professional Account: On request, GKFX offers professional account. GKFX offers a special status to eligible traders. You will not be subject to the regulatory product intervention, but you will have certain rights that a retail client would enjoy. To get this account, a trade needs to be eligible by fulfilling some conditions. 

How to Open an Account on GKFX?

  1. To open an account with GKFX, you will need to fill out an online application form and submit some personal documents.

GKFX account opening

  1. For the online application, you will be asked for your name, address, phone number, email address, date of birth, and other personal information.
  1. After you have submitted the online application, you will need to upload some personal documents. These include a copy of your passport or national ID, a proof of address, and a utility bill no more than three months old.
  1. Once your documents are verified, you will be able to fund your account and start trading.

Costs

8 /10

GKFX charges commission on stock CFDs, with the fee depending on the account type. There is no commission charged on forex, indices, commodities, or cryptocurrencies.

The following is a list of some of the fees charged by GKFX: 

Stock CFDs: Commission starts at 0.1% (Minimum$10 per trade)

EUR/USD Bond CFD: No commission

SPDR S&P 500 ETF (SPY) CFD: No commission.

Bitcoin CFD: No commission  

GKFX charges commissions on certain products and account types. The following is a list of GKFX's commissions and fees: 

Product Commission Fee 

Classic and Premium accounts do not have any commission but in Premium Plus accounts, commission is €5 per lot.

GKFX Minimum Deposit

The minimum deposit for a classic account is zero, for a Premium account, minimum deposit threshold is €2500 and for Premium Plus account, minimum deposit amount is €1,500. 

GKFX Deposit Methods

GKFX offers a wide range of deposit methods, including credit/debit cards, bank wire transfer, and e-wallets.

GKFX Withdrawal Methods

GKFX offers a wide range of withdrawal methods, including credit/debit cards, bank wire transfer, and e-wallets.

Deposit and Withdrawal Commission 

GKFX charges no fees or commissions to withdraw or deposit money. But fees can be charged by banks and payment service providers.

Customer Support

8 /10

Customer Support is very important when it comes to Forex trading. You should choose a broker that provides at least 24/5 support. GKFX's professionals can speak 14 languages. They are available to help you during trading hours and 5 days and 24 hour periods. Traders can contact them via live Chat, Phone call or by sending an email anytime. The company also has an extensive FAQ section on its website.

Regulation

8 /10

GKFX is the brand name of AKFX Financial Services Limited. AKFX Financial Services Limited is licensed and regulated by the Malta Financial Services Authority (MFSA). 

AKFX Financial Services Limited is also authorised and regulated by the UK Financial Conduct Authority (FCA). 

AKFX Financial Services Ltd is authorized in Europe under the Markets in Financial Instruments Directive (MIFID II).

Conclusion

GKFX is a regulated forex and CFD broker with a wide range of offerings. The company is headquartered in Malta and regulated by the Financial Conduct Authority (FCA) in the UK and the Malta Financial Services Authority (MFSA). Disadvantages of GKFX is - they have high deposit requirements for premium and premium plus accounts. Other than this, it's a good choice for CFD Forex traders. If you are looking for a reputable broker with a wide range of offerings, GKFX may be a good choice for you.

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