GKFX offer three ways to trade: Forex, CFDs, Spread Betting.
To open a live account, you’ll need a minimum deposit of at least $20. Alternatively, GKFX offer a demo account that you can use to practice and familiarise yourself with their platform.
Regulated by the Financial Conduct Authority, UK (FRN: 501320). GKFX puts all client funds in a segregated bank account and uses tier-1 banks for this. GKFX have been established since 2010, and have a head office in UK.
Before we dive into some of the more detailed aspects of GKFX’s spreads, fees, platforms and trading features, you may want to open GKFX‘s website in a new tab by clicking the button below in order to see the latest information directly from GKFX.
Full disclosure: We may receive a commission if you sign up with a broker using one of our links.
What are GKFX's spreads & fees?
The spreads displayed below are based on the minimum spreads listed on GKFX’s website. The colour bars show how competitive GKFX’s spreads are in comparison to other popular brokers featured on BrokerNotes.
EUR/USD1.5 PIPS $0 per lot
The average spread for EUR/USD across all brokers on BrokerNotes is 0.82 pips. See popular brokers for trading EUR/USD
USD/JPY2.3 PIPS $0 per lot
The average spread for USD/JPY across all brokers on BrokerNotes is 0.91 pips. See popular brokers for trading USD/JPY
GBP/USD2.3 PIPS $0 per lot
The average spread for GBP/USD across all brokers on BrokerNotes is 1.18 pips. See popular brokers for trading GBP/USD
The average spread for Bitcoin across all brokers on BrokerNotes is 41.15 pips. See popular brokers for trading Bitcoin
The average spread for gold across all brokers on BrokerNotes is 8.62 pips. See popular brokers for trading gold
The average spread for DAX30 across all brokers on BrokerNotes is 14.95 pips. See popular brokers for trading DAX30
Example: How much would it cost to trade 1 lot of EUR/USD?
If you were to buy one standard lot of EUR/USD (100k units) at an exchange rate of 1.1719 and then sell it the next day at the same price you could expect these fees:
|Typical overnight fee:||$0.00||$5.00||$9.40|
|Total cost of a 100k trade:||$12||$12||$15.4|
|+$0.00 more||+$3.40 more|
|Visit GKFX||Visit AvaTrade||Visit Plus500|
All fees/prices are for informational purposes and are subject to change. Last updated: 17/11/2017.
What instruments can you trade with GKFX?
|FX / Currencies||GKFX||AvaTrade||Plus500|
|# of forex pairs offered||53||59||61|
|Major forex pairs||Yes||Yes||Yes|
|Minor forex pairs||Yes||Yes||Yes|
|Exotic forex pairs||Yes||Yes||Yes|
|# of commodities offered||0||16||17|
|Indiced & Stock CFDs||GKFX||AvaTrade||Plus500|
|# of Stocks offered||300||99||1816|
|See GKFX's Instruments||See AvaTrade's Instruments||See Plus500's Instruments|
What's the GKFX trading experience like?
1) Platforms and apps
GKFX offer the popular MT4 forex trading platform. To see a list of the top MT4 brokers, see our comparison of MT4 brokers.The combination of downloadable platforms for both Mac and Windows allows traders to trade with their device of choice.
GKFX also offer mobile apps for Android and iOS, making it easier to keep an eye on and execute your trades while you‘re on the move.See GKFX's platforms
2) Executing Trades
GKFX allow you to execute a minimum of trade of 0.01 Lot. This may vary depending on the account you open. The maximum trade requirements vary depending on the trader and the instrument.As GKFX offer STP execution, you can expect tighter spreads with more transparency over the price you‘re paying to execute your trades.
As with most brokers, margin requirements do vary depending on the trader, accounts and instruments, but as a guide, GKFX offer margin up to 0.08% on currencies.
Finally, we‘ve listed some of the popular funding methods that GKFX offers its traders on the right.
3) Client support
GKFX support a limited number including English
GKFX have a BrokerNotes double AA support rating because GKFX offer live chat, phone, email support and less than three languages.
CFDs are leveraged products and can result in the loss of your capital. All trading involves risk. Only risk capital you're prepared to lose. Past performance does not guarantee future results.
This post is for educational purposes and should not be considered as investment advice. All information collected from https://www.gkfx.com/ on March 6, 2018.