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GKFX Review

  • Regulated by: Financial Conduct Authority
  • Safety: segregates client funds
  • Trust Rating: B
Open GKFX's Website

Losses can exceed deposits. Your capital is at risk.

GKFX offer three ways to trade: Forex, Spread Betting, CFDs.

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.

Open a demo account Visit GKFX

Full disclosure: We may receive a commission if you sign up with a broker using one of our links.

PROS

  • Segeregates client funds
  • Established in 2010
  • Regulated by Financial Conduct Authority
  • Min. deposit from $20

CONS

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.

See all Spreads

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:

GKFX
Spread from: $12.00 $0.00 $0.00
Typical overnight fee: $0.00 $0.00 $0.00
Commission: 0
Total cost of a 100k trade: $12 $0 $0
+$12 saving +$12 saving
Visit GKFX Visit Visit

All fees/prices are for informational purposes and are subject to change. Last updated: 17/11/2017.

General Fees

  • GKFX doesn't charge inactivity fees
  • GKFX doesn't charge withdrawal fees

Overnight fees & swap rates

When you hold a position overnight, it is usually subject to overnight interest which you must pay to your brokerage (sometimes called a rollover fee or swap rate).

  • the roll over fee for long positions on EUR/USD is $Not available
  • the roll over fee for short positions on EUR/USD is $Not available

Commissions

  • GKFX doesn't charge commission on CFD shares

What instruments can you trade with GKFX?

FX / Currencies GKFX
# of forex pairs offered
Major forex pairs Yes
Minor forex pairs Yes
Exotic forex pairs Yes
Cryptocurrencies Yes
Commodity CFDs GKFX
# of commodities offered
Metals Yes
Energies Yes
Agricultural Yes
Indiced & Stock CFDs GKFX
# of Stocks offered 300
UK Shares Yes
US Shares Yes
German Shares Yes
Japanese Shares Yes
See GKFX'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 Screenshot See GKFX's Platforms

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

Trading Features:

  • Allows scalping
  • Allows hedging
  • Offers STP
  • Low min deposit

Accounts offered:

  • Demo account
  • Micro account
  • Mini account
  • Standard account
  • Managed account

Still not sure?

Open a practice account & learn to trade

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.

Funding methods:

  • Credit cards
  • Bank Transfer

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 information collected from https://www.gkfx.com/ on November 21, 2017.