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GKFX Summary

Trust Rating AWhat's this?

How BrokerNotes Trust Rating is Calculated:

Our trust rating takes into account a range of factors that influence a brokers reliability and reputation, These factors include how the broker is regulated, whether they use segregated bank accounts, their years in business, banking tiers, customer support offered, and much more.

 
  • Regulated by the Financial Conduct Authority, UK
  • Offers Spread Betting, CFD and Forex Trading
  • Over 9 years in business (established 2008)
  • Uses investment grade UK banks for client funds
  • Client deposits are held in segregated bank accounts
Start trading with GKFX Open a practice account
Losses can exceed deposits. Your capital is at risk.

BROKERNOTES

#1 FEATURED BROKER
Plus500 logo
  • Regulated by the Financial Conduct Authority, UK
  • Over 155,000 users
  • Over 8 years in business
Visit Plus500 to start trading

GKFX Review

GKFX
Trust Rating A
  • Regulated by the Financial Conduct Authority, UK
  • Offers Spread Betting, CFD and Forex Trading
  • Over 9 years in business (established 2008)
  • Uses investment grade UK banks for client funds
Visit GKFX to start trading
GKFX
4.1 5 43

GKFX Review

GKFX - formerly known as Smart Live Financial Services Ltd is an UK based online trading platform offering spread betting and trading services in foreign exchange and CFDs on the Meta Trader 4 (MT4) platform which is available on mobile and desktop.

GKFX was established in 2008, and are regulated by the Financial Conduct Authority (FCA).

GKFX offer clients a choice between five account types:

Micro account: This has no minimum initial deposit requirement, fixed spread, and a minimum trade lot size of 0.01.

Standard account: This has no minimum initial deposit requirement and a trade lot size of 0.1.

Variable account: This has variable spread, no minimum initial deposit requirement and minimum trade lot size of 0.1.

Swap Free Standard account: This had no minimum initial deposit requirement, and fixed spread.

VIP account: This has a minimum initial deposit requirement of $25,000, variable spread, and a minimum trade lot size of 1.

They offer spreads ranging from 1.2 pips to 2.5 pips as well as a maximum leverage of 1:400.

Deposits and withdrawals can be made by means of bank transfers, credit or debit cards, as well as eWallets such as PayPal, WebMoney or Neteller.

GKFX screenshot

GKFX Spreads from (view all)

See all GKFX spreads

  • Website

    Min. Deposit: None

  • Services Offered:

    Forex, Spread Betting, CFD

    Min. Trade: 0.01 lot

  • Instruments:

    Currencies, Indices, Commodities, Equities

    Max. Trade: No limit

  • Excluded countries:

    USA

    Margin: Forex 8%, Indices 1%, Commodities 2%, Stocks 5%

  • Platforms:

    MT4, Web

    Leverage: Forex 1:400, Indices 1:100, Commodities 1:100, Stocks 1:20

  • Apps:

    iOS, Android and Windows

    Commission: None for most accounts

  • Payment & Withdrawals

    Payment methods Payment methods

GKFX Pros & Cons

GKFX offer clients a wide choice of accounts including no commission fixed accounts to variable spread low commission accounts. GKFX offer various platforms including the popular MT4 platform. GKFX allow traders on the MT4 platform to use expert advisors for automated trading and allow both hedging and scalping for clients. They offer a wide range of risk management features including trailing stops, limit orders and price alerts.

GKFX offer clients a VPS account for those with a minimum balance of $4,000/£1,600, for other forex brokers that offer VPS accounts, check out the full list here.

GKFX do not offer Halal accounts for traders however, you can find a list of the forex brokers that offer swap free accounts here. The GKFX platform is currently only available in English, traders that require a trading platform that supports other languages such as Dutch or Deutsch, will have to consider other brokers like Plus500 who offer their platform in multiple languages.

  • No inactivity fee
  • Offers tight fixed spreads
  • Offers tight variable spreads
  • Allows one click trades
  • Has trailing stops
  • Offers price alerts
  • Allows Hedging
  • Allows Scalping
  • Allows EA integration and automated trading
  • Offer VPS services
  • Charges withdrawal fees
  • Does not offer guaranteed stop losses & limit orders
  • Does not offer ECN/STP Account
  • Does not offer Islamic accounts
  • Available in 1 language

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Financial spread bets and CFD trades are leveraged products, which means you could lose more than your deposits. If you’re hazy on exactly what that means, you shouldn’t trade.