GKFX Review

GKFX
40% bonus upon first deposit
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Overview

GKFX Company Information Formally known as Smart Live Financial Services Ltd. GKFX Financial Services Ltd. (GKFX) founded in 2010 is a online trading platform which offers spread betting and CFD… more

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0/5

Details

Broker GKFX
Website URL www.gkfx.com
Founded 2010
Headquarters London, the United Kingdom
Support Number +44 20786 1212 Fax: +44207186 1251
Support Types phone, email: support@gkfx.com, Live Chat, Fax
Languages More than 20 languages including English, Mandarin Chinese, Spanish and Russian
Trading Platform Meta Trader 4
Minimum 1st Deposit $20
Minimum Account Size $20
Minimum Trade Amount $1
Maximum Trade Amount $30000
Bonus 40% bonus upon first deposit
Payout within 3 business days
Leverage 1:1 up to 1:400
Spread Competitive low spreads from as low as 0.6 pips on forex
Free Demo Account Open Demo
Regulated Yes
Regulation Regulated by Financial Conduct Authority
Fees Yes
Fee Info No hidden commissions or fees
Commissions Yes
Commission Info No hidden commissions or fees
Account Types STP.MT4, ECN.MT4, PRO.ECN.MT4
Deposit Methods Wire transfer, credit cards and local, country specific payment methods
Withdrawal Methods Wire transfer, credit cards and local, country specific payment methods
Trading Methods spread betting, CFD trading
Number of Assets 5000+
Types of Assets forex, commodities, stocks, CFD's, indices, bonds
Trading Currency You can trade all major forex pairs, most minor and exotic pairs including bitcoin and litecoin
Account Currency You can fund your GKFX trading account with euro's, dollars, pound and Russian Ruble.
US Traders Allowed No
Mobile Trading Yes
Tablet Trading Yes
Overall Score 8.1

Full Review

GKFX Company Information

Formally known as Smart Live Financial Services Ltd. GKFX Financial Services Ltd. (GKFX) founded in 2010 is a online trading platform which offers spread betting and CFD trading possibilities. Trade spot forex, CFD’s, commodities, indices and more using the GKFX trading platform. GKFX is regulated by the English Financial Conduct Authority and the German BaFin. The customer service of GKFX is known to be excellent according to traders worldwide.

What makes GKFX unique?

One of the most unique features of GKFX is that they customized the popular and industry standard Metatrader 4 (MT4) platform to suit spread betting. Most brokers only have MetaTrader 4 available for spot forex and CFD’s. Because GKFX wants traders to be able to access the markets anytime, anywhere they developed apps for smartphone and tablet. Professional traders that seek more than the MetaTrader 4 platform alone, there is the possibility to add the premium MYFX console to the MT4 platform against a small monthly fee. With the MYFX console traders get more insight and control on how they (could) trade the markets.

GKFX trading accounts

To satisfy its wide range of customers has five different account types available.

Micro Account

On this account there is no minimum deposit required, fixed spreads are charged, no maximum on open lots and minimal trade size is just 0.01 lot.

Standard (Fixed) Account

On this account the minimum required deposit is just $20, fixed spreads are charged, no maximum open lots and minimal trade size is also just 0.01 lot.

Further more there are Variable Accounts with floating spreads, swap-free account and VIP account. For traders that want to try GKFX first, there is a free demo account available.

GKFX spread costs

How wide your spreads are depends on the type of trading account. The maximum fixed spread price on GKFX is 2.5 pips (Swap-Free Account), 1.5 pips on Micro Accounts. Floating spreads vary from 1.2 pips on standard accounts and just 0.6 pips on VIP accounts.

GKFX customer service

GKFX offers customer support services in more than 20 languages including English, Mandarin Chinese, Spanish and Russian. Traders can reach the GKFX customer support by email, live chat and by phone.

GKFX review conclusion

Although GKFX is a relatively young and new broker the broker is unique because they enabled MetaTrader 4 for spread betting. With it’s low spreads and availability all over the world GKFX stands amongst the crowd and with a minimum deposit required of just $20 it’s worth trying for anyone willing to trade the financial markets.

✓ Low minimum deposit of just $20

✓ Trade forex, CFDs, stocks and commodities on the Spread Betting Platform

✓ Practice unlimited using the free demo account

✓ Extremely low spreads on forex

Visit GKFX Website

Pros

  • Low minimum deposit of just $20
  • Trade forex, CFDs, stocks and commodities on the Spread Betting Platform
  • Practice unlimited using the free demo account
  • Extremely low spreads on forex

Reviews

  • User experience:

    2.17
  • Platform:

    2.83
  • Reliability:

    3.5
  • Customer Service:

    1.67
  • Payouts:

    2.33
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(6 Reviews)
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Reliability

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Customer Service

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Decleration:
I hereby declare this review to based on my own experience trading with this broker and I did not reseve compensation in any way submitting this review

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