GKFX Review

GKFX
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Overview

GKFX is a large international company that offers expanded services in the financial markets.

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Details

BrokerGKFX
Website URLgkfxecn.com
Founded2009
Headquarters30 Charles II Street, London. SW1Y 4AE United Kingdom
Support Number+7-495-540-40-48
Support TypesChat, phone (including callback), call from the site, forum, email
Minimum 1st DepositNo minimum deposit
Minimum Trade Amount1$
Bonus- 20% commission
Leverage1:500-1:25
Spreadfrom 0 points
Free Demo Account Open Demo
Regulated Yes
RegulationFCA (№501320)
Account TypesDemo, STP.MT4, ECN.MT4, PRO.ECN.MT4
Deposit MethodsCredit cards (MasterCard, Visa), bank transfers, electronic wallets (Skrill, WebMoney, QIWI, Neteller, Contact), Internet banking (Alfa-Click)
Withdrawal MethodsCredit cards (MasterCard, Visa), bank transfers, electronic wallets (Skrill, WebMoney, QIWI, Neteller, Contact), Internet banking (Alfa-Click)
Number of Assets58
Types of AssetsCurrency, oil, gas, metals spot, CFD indices
Account CurrencyUSD, EUR, RUR
US Traders Allowed No
Mobile Trading Yes
Overall Score5/10

Full Review


A large international company, GKFX has been operating on the market since 2009. It’s represented in many countries, including Russia, Poland, France, Germany, Holland, Great Britain, Greece, etc. The broker is geared toward becoming the largest brand offering expanded services in the financial markets. Investments as well as coordinated work of top-notch professionals help to strengthen positions and expand the sphere of its influence.

Certainly, as their potential clients you’re eager to know whether GKFX is a scam or a reliable broker you can 100% trust. Your curiosity will be satisfied below.

GKFX offers its users high quality services, so they can enjoy comfortable and efficient Forex trading. The broker is truly interested in the profitability of its clients and the company tries to do a lot for them. The company’s clients are provided with tons of opportunities and freedom – there aren’t any restrictions on strategies, tactics, or placing of orders. GKFX has developed its own fully-fledged Electronic Communication Network (ECN) – a unique electronic exchange that contains information about the trading applications of the company’s clients as well as liquidity providers (banks, ECNs, large brokers).

The ECN comes up with the most modern technologies used in the financial markets industry. It makes trading transparent and efficient due to the innovative logic of working with liquidity providers. Among the advantages of the system, one should mention great transparency of work, a book of orders (the user can see his as well as other orders in the system; he’s capable of affecting the spread and trading without it), no restrictions on placing pending orders and on trading tactics, instant execution of transactions, and the absence of re-quotes.

The broker cooperates with such audited liquidity providers as Lmax, Integral, Currenex, KCG Hotspot, CFH Clearing, Advanced Markets, and FXCM. The company has come up with an expanded list of tools: oil, gas, metals SPOT, currency pairs, and CFD-indices. The company offers to work in the most popular trading terminal – MetaTrader4, which features great functionality and an intuitive, user-friendly interface. It enables you to carry out any kind of trading, including the use of advisers and trading robots, etc.

Thanks to a handy mobile application, traders can make deals anywhere in the world. The company offers free trading signals (the rating of trading signals from various suppliers is available). By the way, it’s quite possible to copy the transactions of successful traders and pay them a subscription fee. The official site of GKFX is highly informative: lots of materials have been published (about the company, trading accounts, platforms, trading conditions, licenses, analytical data, educational information, etc.).

 

Replenishment and withdrawal of funds

GKFX 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:

  • Bank transfers;
  • 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. Read more about the timing of withdrawal and replenishment of funds on the official website of the broker GKFX.

 

Complaints about GKFX

GKFX is still a young Forex broker, but the Internet already offers quite different reviews about it. Some traders note the benefits of working with the company. They point to a good execution of transactions, qualitative services, the absence of slippage, excellent analytics, profitable bonuses, narrow spreads, the availability of its own ECN, and trouble-free withdrawal of funds.

Other traders also note the negative side, including excessive fees for withdrawal of funds, unstable spreads, problems with the trading terminal, long withdrawal of funds, long work of technical support, and frequent slippage. However, we’d like to stress that at the moment the broker has more positive feedback, which in many respects promotes our trust in it. Despite the fact that it’s difficult to present any broker without negative reviews, the company should track user comments in order to improve the services provided.

If you want to avoid problems with the broker, you’d better learn from your personal manager the terms of account verification, the rules for using bonuses, and the crucial nuances and pitfalls of withdrawal of funds. In general, GKFX has yet to conquer the market and its audience, which means that there will be more reviews about it and it’s too early to draw conclusions about the company.

If we find complaints about GKFX, we will post it on social media. Follow us to be well informed:

 

Is GKFX a scam?

Despite the fact that GKFX is a novice broker on the market, it has yet to show its potential in Forex trading (truth about Forex). The company has already reached considerable heights, demonstrating its serious intentions. Reviews about the broker GKFX are quite diverse. However, it’s clear that positive reviews dominate. In many respects this supports the user’s trust in the broker and the recognition of the high quality of the services provided.

Of course, negative feedback can be found, too. However, today it’s nearly impossible to find a broker with only positive feedback. We really hope that the representatives of the company keep track of comments and work hard to improve the services provided. The availability of bonuses, professional support, favorable terms of trade, unique opportunities, and mostly positive feedback – all of this speaks to the thoughtful policy of working with the users. Numerous certificates and licenses also lend trust to the broker.

Another positive factor is the provision of a reliable MT4 terminal, a highly productive and efficient ECN system, which allows the fullest use of all Forex trading opportunities (by the way, traders also highly praise this system). The willingness to invest a lot of money into the development of a complex and unique service in many ways proves the seriousness of the company’s intentions, which is important for providing the users with the best solutions. All of this shows that GKFX can’t be a one-day broker.

The official site of the company contains an impressive amount of information, including analytics and training. Here you can find enough materials about the company, its bonuses, terminals, etc. We can say that the broker pays much attention to all of this, and everything is presented at a good level. Should we consider GKFX to be a scam? We are assured that at this stage of the company’s development it’s too early to draw such conclusions. However, you can certainly keep yourself safe by simply working properly with your personal manager.

 

Regulation of the broker

The head office of the company is located in London. It’s regulated by the Financial Services Authority (FCA, UK, No.501320). GKFX also has the licenses of regulators of different countries in which it promotes its services. Now, let’s enumerate the financial supervisory bodies working with the broker:

  • Japan – JFCA,
  • UAE – DMCC (No.32142),
  • Germany – BAFIN (No.130602),
  • France – AMF,
  • The Netherlands – AFM,
  • Italy – CONSOB (No.2915),
  • Spain – CNMV (No.71),
  • Sweden – Finansinspektionen (No.556873-1326),
  • The Czech Republic – CNB (No.256/2004),
  • The Slovak Republic – Národná Banka Slovenska.

 

Bonuses of GKFX

Every trader of the company can receive a 20% bonus of the commission on ECN accounts.

The bonus is available only for newcomers of the platform, it’s valid for the users of the ECN and MT4 account, and it represents a reduction of the commission paid to the broker by 20% in the course of trading. To use the bonus, you need to register with the broker. Terms of work with the bonus should be specified by the personal manager.

 

Conclusion

The Forex broker GKFX is a young company; however, it has already shown its enormous potential in many respects. The company is noted positively in the responses of traders. Favorable terms of trade, a unique ECN service, the pleasant availability of bonuses, a highly informative site, an excellent support service as well as an extensive list of regulators—all of this gives grounds to characterize the company positively. It also points to the successful start and correctly chosen niche of development.

However, we shouldn’t ignore negative feedback from users about the broker. Let’s hope that the company tracks this information and creates a positive dialogue with the user. Additionally, it should be noted that GKFX is still a young company. It’s actively developing. So, at this stage we can’t say for sure whether it’s a scam or something we can always trust. The traders’ responses we’re waiting for in this article will influence the rating of the broker. Additionally, they will warn other Forex traders against possible problems.

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