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GKFX Review - Is it scam or safe?

GKFX  Review - Is it scam or safe?

RATING: 3 / 2 REVIEWS ForexBrokerz GKFX


Trading Accounts


Account type  Min. deposit  Minimum trade size Maximum leverage Average Spreads
Variable $1 0,01 1:400 1.5 pips on EUR/USD 
Fix $1 0,01 1:400 Fixed, 1.5 pips on EUR/USD
Swap-free $1 0,1 1:400 Fixed, 2.5 pips on EUR/USD
VIP $25 000 1 1:100 1.0 pips on EUR/USD
Corporate  $25 000 1 1:400 1.0 pips on EUR/USD

GKFX provides three basic account types: Variable, Fix and VIP. Additionally, there is a Corporate account and also a Sharia-compliant Swap-free (Islamic) account. All of them provide commission-free trading.

Micro lots are available for trade with GKFX’s Variable and Fix accounts, as well as with the Swap-free one upon request.

As regards the Islamic (Swap-free accounts), GKFX applies the commission charges for positions kept open for 5 consecutive nights on swap-free accounts amounting to $10 per lot per day on all FX positions ($1 per lot per day on Commodity positions).

Moreover, GKFX offers MAM (Multi Account Manager) accounts for money managers and clients looking for professionals to manage their funds.

UK residents can also benefit from a spread betting account with leverage up to 1:100, which offers with over 500 instruments to choose from.

The Company

Although a young company established in 2010, GKFX has grown rapidly, expanding its offering to numerous products including FX, CFDs, Commodities, Equities and Indices, as well as spread betting (for UK residents).

GKFX is a brand of London-based GKFX Financial Services Ltd., a part of Global GKFX Group with offices in Beijing, Bratislava, Brno, Cairo, Dubai, Frankfurt, Hong Kong, Jakarta, Johannesburg, Madrid, Milan, Paris, Prague, Shanghai and Warsaw.

The company has an Australian subsidiary, GKFX Financial Services Australia Pty Ltd., which holds an ASIC license.

We would also like to mention that GKFX is proud to be a global market maker and official sponsor of Italian football club AC Milan.

Security of Funds

GKFX Financial Services Ltd. is authorised and regulated by the Financial Conduct Authority (FCA), which means it is held to high ethical, security and transparency standards. To acquire a license from the FCA, UK-based brokerages must hold a minimum of €730 000 net tangible assets in order to prove their financial stability and to keep clients` funds in segregated bank accounts.

Regulation by FCA also involves additional guarantee to clients’ funds, since they fall under the Financial Services Compensation Scheme (FSCS), where the maximum compensation cover is £50,000 per person in the event that a broker becomes insolvent.

What is more, GKFX is also registered with a number of EU regulators, including Bafin, CONSOB, Czech CNB and others.
As regards the company’s Australian arm GKFX Financial Services Australia Pty Ltd., it is duly licensed by the Australian Securities and Investment Commission (ASIC).

Trading Conditions

Minimum Initial Deposit

There is no minimum deposit for opening or maintaining a trading account with GKFX, which is quite attractive, as most brokers require some initial amount to start with. In comparison,, require $250, and FxPro - $500. Still, you need to have some funds in your account in order to initiate a trade.

Average Spreads & Commissions
There are trading accounts with both fixed and floating spreads in the broker’s product portfolio. The average variable spreads on EUR/USD offered by this broker amount to 1.5 pips, which is on the upper end of average. Fixed spreads of GKFX also amount to 1.5 pips on EUR/USD. The broker charges no commission fees, as it gets its compensation through the price spread.

In comparison, Trading212 (also FCA-regulated) provides variable spreads amounting to 0,9 pips on EUR/USD on its commission-free accounts. If you need further information, you may look up real-time spreads of 15 leading brokers here.

Maximum Leverage
GKFX provides its clients with maximum leverage of 1:400, a relatively high ratio, still most brokers provide similar leverage levels, unless there is a regulatory cap. HY Markets, for instance, offers a maximum leverage ratio of 1:300, and FxPro - up to 1:500. More forex brokers offering leverage equal to or exceeding 1:500 can be viewed here

Please, be advised that trading on margin with high leverage levels may lead to heavy losses, exceeding initial investments.

Trading Platforms

The trading platforms you can choose between with GKFX are MetaTrader 4 (MT4) and WebTrader.

MT4 comes in as desktop, mobile and web versions. This platform is globally popular due to its innovative, on the go trading capabilities, advanced charting, automated trade options with Expert Advisor strategies (EA) and extensive back-testing environment. Moreover, MT4 has an additional component, MultiTerminal, which is a solution for traders working with multiple accounts simultaneously, and can therefore provide a dynamic platform to account managers.

Besides, GKFX is one of the few brokers that have made the MT4 available for spread betting.

WebTrader, on the other hand, is an HTML 5, web-based trading platform, available on all internet browsers which support HTML5. GKFX Web uses a shared wallet with the MT4 trading platform. Additionally, it is available 24/7 and can be accessed from Windows and Mac operating systems.

Methods of Payment

Clients of GKFX can make deposits to their accounts via bank wire and debit/credit card (Visa, Maestro, Solo and MasterCard) and Skrill, Deal and Sofort e-wallets Moneybookers, ideal & Sofort. Withdrawals are made via bank wire and debit/credit cards.

The accepted currencies are USD, EUR, GBP.


GKFX is a well regulated market maker with typical trading conditions and global presence. To sum up the above, here are the advantages and disadvantages with regards to this broker:


Pros Cons
Well-regulated with global presence Market Maker model
Choice of trading platforms, MT4 available  
No minimum initial deposit  


Latest news about GKFX
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Gkfx review

Overnight commission it took me over 150$ for a pair USDTRY on 2019.07.12.
Moreover, their supported team was trying to drag me invested more to pay for some minus trade they tell me before.
That's was a terrible broker. Should not trade with them.

HA DUY 07/13/2019
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