GKFX group includes 5 related companies.
GKFX UK - located in the United Kingdom, regulated by the Financial Conduct Authority (FCA).
GKFX DE - located in Germany, regulated by the Bundesanstalt fur Financial Services (BaFin).
GKFX ES - located in Spain, regulated by the Comision Nacional del Mercado de Valores (CNMV).
GKFX MT - located in Malta, regulated by the Malta Financial Services Authority (MFSA).
GKFX BVI - located in the British Virgin Islands, regulated by the BVI Financial Services Commission (BVIFSC).
Be aware, all EU companies have some trading restrictions because of the European Securities and Markets Authority (ESMA) influence.
At the same time, BVI company accepts European traders, so one can open a trading account there.
GKFX group accepts clients from all over the world, excluding USA, Canada, Belgium and some OFAC sanctioned countries.
Forex broker offers the following underlying assets for trading.
|50+ Currency Pairs||Based on major and minor world currencies.|
|5 Crypto Pairs||Based on Bitcoin, Dash, Ethereum, Litecoin, Ripple.|
|15 Indice Cash CFDs||Based on baskets of different blue-chip stocks and US Dollar Index.|
|5 Indice Futures||Based on baskets of different blue-chip stocks.|
|2 Metal Spot CFDs||Based on Gold and Silver.|
|1 Metal Future||Based on Copper.|
|2 Energy Spot CFDs||Based on Crude Oil (WTI, Brent).|
|3 Energy Futures||Based on Crude Oil (WTI, Brent) and Natural Gas.|
|4 Soft Spot CFDs||Based on Cocoa, Coffee, Cotton and Sugar.|
|2 Soft Futures||Based on Corn and Soybean.|
|1 Bond Future||Based on German government securities.|
|300+ Stock CFDs||Based on shares of US, UK and EU companies.|
GKFX is a European-based forex and CFD broker established in 2010. The broker is currently regulated locally in the United Kingdom by the FCA, as well as by national regulators in Malta, Spain and Germany. In 2019, the company has also become regulated by the BVIFSC in the British Virgin Islands.
The broker has received numerous awards over the years, including the “Best Trading Education” award for 2018 from Shares Awards, as well as the “Best Forex Customer Service” award for 2016 from UK Forex Awards.
GKFX today offers trading in a long range of financial markets, including more than 50 forex pairs, a selection of popular cryptocurrency pairs, as well as CFDs based on more than 300 stocks, several major stock indices, and commodities like oil, coffee, cocoa, and precious metals.
In addition to a free demo account, GKFX has three live account types traders can choose between; a fixed spread account, a variable spread account, and a corporate account.
All trading accounts offer commission-free trading, with traders instead paying in the form of wider spreads. Spreads start from 0.6 pips for the Corporate account, 1.2 pips for the Variable account, and 1.5 pips for the Fixed account. Due to EU regulations, all GKFX European entities offer maximum leverage of 1:30 for all account types, although that is not the case for BVI company that is capable to provide leverage up to 1:1,000.
As many other online brokers, GKFX has chosen the popular MetaTrader 4 (MT4) platform as its only trading platform. All trading accounts offered by the broker can be used with this platform, which is available in either downloadable or browser-based versions. Despite its old age, the MT4 platform has remained popular in the retail trading community for many years due to its familiar charting, ability to code almost any systematic trading strategy, as well as the large library of existing strategies (“Expert Advisors”) available to follow.
GKFX also offers a large library of educational resources for free on its website. This includes free ebooks, webinars on various topics related to trading, a complete video tutorial on how to use the MT4 trading platform, as well as a basic forex trading tutorial. In addition, the team also hosts live webinars from time to time on interesting topics like trading strategy development and trading psychology.
A nice extra benefit of using GKFX is the selection of add-on tools the broker has developed for MT4. This includes things like trading strategies that can be applied directly to the MT4 charts, an “adaptive” MACD trading signal indicator, as well as various other software add-ons to boost the capabilities of the basic MT4 platform. Access to a Virtual Private Server (VPS) for running automated trading strategies is also available for a monthly charge ranging from $25 to $160.
The broker accepts deposits and withdrawals in USD, EUR, and GBP free of charge through either bank transfer, payment cards, or the popular e-wallet services Skrill, Sofort, and Neteller. A minimum deposit of GBP/EUR/USD 20 applies to all payment methods, while for withdrawals the minimum amount is set to 50 of either currency.
GKFX’s English-speaking customer support is open 24 hours a day from Sunday evening to Friday evening through a UK phone number. Support in German and Spanish, however, is available during regular business hours only.