GKFX Review and Tutorial

GKFX is an ECN representative contribution forex and CFD exchanging administrations. The intermediary has a massive presence in Europe and various nations throughout the planet. This survey takes a gander at their MetaTrader 4 exchanging stage, account alternatives, spreads, and the sky is the limit from there. See whether you should begin trading on the web with GKFX.

GKFX Company Details

Set up in 2013, GKFX is situated in Malta, working under AKFX Financial Services Ltd. AKFX is a Category II Investment Services organization controlled by the Malta Financial Services Authority (MFSA). 

AKFX is essential for the Global Kapital Group (GKG), a worldwide organization working in 28 workplaces across 18 nations. Additionally, inside the GKG bunch is GKFX Prime and GKFX Financial Services Asia Limited, which have various workplaces across the Middle East, just as in China, Vietnam, Thailand, Malaysia, Cambodia, and Indonesia. GKFX Prime is directed in the British Virgin Islands (BVI). 

GK Pro, a London-based auxiliary, spends significant time in spread wagering, likewise frames part of the organization’s portfolio. 

GKFX has developed quickly, with its number of workers overall presently surpassing 1,000. The new CEO, as of late, marked an arrangement that saw Arsenal Football Club become its authority accomplice. In the past, the proprietor has additionally collaborated with AC Milan.

Trading Platforms

MetaTrader 4

GKFX offers MetaTrader 4 (MT4), a top choice among merchants for its high-level highlights and availability. When you have your login certifications, you can exchange FX, metals, shares, files, energies, and fates. Other key highlights include:

• 3 different chart types, 9 timeframes
• 50+ pre-installed technical indicators
• Access to Expert Advisors (EAs)
• Fully customizable interface
• Available in 30 languages
• Back-testing available
• Micro-lots available
• One-click trading
• No partial fills

WebTrader

The MT4 stage is likewise accessible as an online electronic terminal, permitting live record-holders to exchange from any upheld program with no extra programming or download required. The location is consistently refreshed, so clients approach similar highlights as the work area stage.

To get to the stage, clients should log in to MYGKFX, which is open from the highest point of the site page. WebTrader is available on Windows, Mac and different gadgets.

Markets

GKFX offers a various scope of tradeable instruments:

• Cryptocurrency– Trade five famous cryptographic forms of money against the US Dollar, including Bitcoin, Ethereum and Litecoin 
• Forex– Trade more than 50 worldwide cash sets, including the EUR/USD, GBP/USD, and USD/JPY 
• Equities – Trade on more than 100 CFD stocks and offers, including Apple, Walt Disney, and Bank of America 
• Indices – Trade on significant lists in spot and prospects markets, including the FTSE 100, CAC 40, Germany’s DAX 30, and the Dow Jones 
• Commodities – Trade on complex and delicate products, including gold, oil, and flammable gas

Spreads & Fees

Spreads start at around 0.6 pips for EUR/USD, 0.7 for GBP/USD, and 1.4 for EUR/GBP. Target spreads for essential files. For example, the FTSE 100 is around 1 and goes as low as 0.4 focuses for the SP500. Spot gold spreads are 0.3 pips and 0.026 for silver. Raw petroleum spreads start from 0.03 pips. For digital forms of money, target spreads for Ripple versus USD start from 0.1. These spreads are cutthroat and effectively equivalent to any semblance of Admiral Markets, IG, and eToro. 

Different expenses to know about incorporate trade rates for positions just as a latency expense charged on lethargic records. Subtleties can be found in the dealer’s agreements.

Leverage

GKFX offers influence from 1:2 for cryptographic forms of money, up to 1:30 for FX, and up to 1:20 on significant records and items. Spot values are presented to 1:5. 

The merchant gives edge prerequisites on their Market Information Sheet (MIS). Cryptographic forms of money require a half-edge, while forex edges are set between 3.33% and 8%, contingent upon the cash pair. Significant lists need a 5% edge, as does gold. Values are set at 20%. 

An edge-adding machine is additionally accessible on the representative’s site.

Mobile Apps

The MetaTrader 4 stage is likewise accessible in a versatile application variant, where clients approach every one of the standard highlights. With more than 30 pre-introduced specialized markers, quick exchange execution, and an easy-to-understand portable interface, customers can exchange effortlessly from their keen gadget. 

The MT4 versatile application is viable with Android and iOS gadgets and can be downloaded from the separate App Store or Play Store.

Payment Methods

Deposits

Clients can fund their accounts using:

• Bank wire transfer – Swift transfer cost. 2-5 days
• Debit/credit cards – 2.5% fee. Instant
• Neteller – 1% fee. Instant
• Skrill – 1% fee. Instant
• Bitcoin – 1.5% fee. Up to one hour
• WebMoney – 3%. Instant
• QIWI Wallet – 5%. Instant
• Russian Post – free. Up to 72 hours

Withdrawals

Clients can withdraw profits using:

• Bank wire transfer – 0.5% fee (minimum $30). Up to 10 days
• Debit/credit cards – 2.5% + $7.5. Up to 6 days
• Neteller – 1.5% fee. Up to one day
• Skrill – 1% fee. Up to one day
• Bitcoin – 1.5% fee. Up to one day
• WebMoney – 1.5%. Up to one day
• QIWI Wallet – 1.5%. Instant. Up to one day

Demo Account

GKFX offers a free demo account where clients can work on exchanging on MT4 with zero dangers. When you have your login subtleties, you can trade USD, GBP, or EUR and access virtual assets up to 100,000.

Bonuses & Promotions

GKFX Prime doesn’t offer any store invite different arrangements or advancements at the hour of composing. Check the dealer’s site before you register for a record if there should arise an occurrence of new discount offers and free income credit.

Regulation & Reputation

AKFX Financial Services Ltd (GKFX) is a Category II Investment Services organization directed by the Malta Financial Services Authority (MFSA). The representative is EU-directed under MiFID. The gathering is additionally entirely agreeable with ESMA guidelines. Thus, the agent gets a high trust rating among client surveys. 

Note, GKFX is not, at this point, managed in the UK by the FCA.

Additional Features

GKFX likewise offers some valuable extra highlights, including a glossary of exchanging terms and monetary markers, video class courses, and online courses as a feature of the learning foundation. Clients can likewise get to an economic schedule in addition to the edge, benefit, and cash-adding machines. 

A piece of specialized market knowledge and news device, Trading Central, just as Autochartist, are additionally accessible as downloadable modules. A VPS (Virtual Private Server) is more accessible for clients, albeit this accompanies a month-to-month expense.

Account Types

GKFX offers three distinctive record alternatives: Standard, Premium, and Corporate. Most dealers will be attracted to the Standard record given that the base store sum is €100. Clients would require essentially €20,000 to open a Premium or Corporate history. 

Brokers approach similar instruments across each of the three records, just as influence up to 1:30, variable spreads from 0.6, and the most significant exchange size of 100. There are no commissions with the Standard record, and the commission is charged at €6 per parcel with the Premium record. 

GKFX likewise offers Islamic trade-free records.

Benefits

There are a few motivations to enlist for a GKFX account:

• Competitive trading conditions
• Trading and education tools
• Diverse product range
• Regulated in EU

Drawbacks

Disservices of exchanging with GKFX versus any semblance of XTB, for instance, include:

• No bonuses or promotions
• Limited choice of trading platforms

Trading Hours

Online forex exchanging meetings change, and sometimes regions will cover, drawing in the highest volume of merchants. GKFX’s opening times for forex, products, and lists run from Sunday at 10:02 pm to Friday at 09:58 pm UK time. For values, the market opens on Monday at 16:35 and closes on Friday at 22:50.

Subtleties of explicit business sectors exchanging hours can be found on the specialist’s Market Information Sheet (MIS).

Customer Support

GKFX customer support is contactable via:

• Online contact form
• Email – support@gkfx.eu
• Telephone hotline – +356 2778 0848
• Live chat – live chat logo located on the right-hand side of the page

Support is available 24 hours a day, from 10 pm Sunday – 10 pm Friday. The website is available in English, German, Spanish, Italian, and Arabic.

Stay up with the latest with the most recent news on GKFX’s web-based media pages:

• Facebook
• YouTube
• Instagram

Security

MetaTrader 4 consents to industry-standard security prerequisites, including 128-digit Secure Sockets Layer (SSL) encryption just as two-factor confirmation upon login. 

AKFX Financial Services Ltd is essential for the Investor Compensation Scheme, a customer assurance program intended to defend against monetary disappointment or indebtedness. According to MiFID and MFSA guidelines, the business likewise isolates customer assets in independent ledgers.

GKFX Verdict

GKFX is a worldwide specialist with customers in numerous awards. Furthermore, with admittance to many instruments across five business sectors, just as aggressive expenses and friendly exchanging conditions, GKFX is a decent decision for amateurs and specialists.

Accepted Countries

GKFX acknowledges merchants from Australia, Thailand, Canada, United Kingdom, South Africa, Singapore, Hong Kong, India, France, Germany, Norway, Sweden, Italy, Denmark, United Arab Emirates, Saudi Arabia, Kuwait, Luxembourg, Qatar and most different nations. 

Merchants cannot utilize GKFX from the United States.

Alternatives to GKFX

On the off chance that you are searching for options in contrast to GKFX, we have aggregated a rundown of the best 5 specialists that are like GKFX underneath. This rundown of dealers like GKFX is arranged by similitude and incorporates organizations that acknowledge merchants from your area.

• RoboForex – RoboForex is a multi-resource online merchant offering incredible exchanging assistants. 
• FP Markets – FP Markets is a multi-resource merchant offering a decision of exchanging stages. 
• EagleFX – EagleFX is a well-known exchanging merchant offering forex, stocks, cryptos and products. 
• IronFX – IronFX offers internet exchanging forex, stocks, prospects, items and cryptographic forms of money 
• OctaFX – OctaFX offers multi-resource exchanging on a scope of stages and versatile arrangements.

FAQ

Is a deposit bonus offered at GKFX?

At the hour of composing, GKFX doesn’t offer any store rewards or welcome advancements. See the merchant’s site or online media pages for the most recent limited-time news.

What are trading platforms available at GKFX?

Customers can exchange on the MetaTrader 4 versatile, web, or work area stage. GKFX doesn’t offer MetaTrader 5 (MT5) or a restrictive program.

How do I open an account with GKFX?

You can open a live or demo account from the representative’s site. For a live record, you will be approached to check your character in the wake of enlisting your own and login subtleties.

What leverage is offered at GKFX?

The most powerful influence is offered at 1:30, relying upon the resource exchanged. This cap is by ESMA guidelines that limit the danger customers can take on.

Is GKFX regulated?

Indeed, GKFX is directed by the Malta Financial Services Authority (MFSA). The agent likewise consents to MiFID.