Binary options are prohibited in the European Economic Area. 83% of retail investor accounts lose money when trading CFDs. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

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76% OF RETAIL INVESTOR ACCOUNTS LOSE MONEY WHEN TRADING CFDS BINARY OPTIONS ARE PROHIBITED IN EEA

GKFX Review

GKFX

GKFX is a company established in 2010. Throughout the years, the company has grown rapidly and expanded its offering to different products including Forex, CFDs, commodities, indices and as well as spread betting. This company is a brand of London based GKFX Financial Service Ltd. The company is holding an ASIC license and have offices in Bratislava, Brno, Cairo, Dubai, Frankfurt, Jakarta, Hong Kong, Milan, Paris, Shanghai, Warsaw, and Madrid. GKFX is an official sponsor of Italian football club AC Milan.

Account Features

GKFX offers a variety of accounts and thus their different benefits that you can get a deposit on one of them. Below we have decided to present each of the accounts and all their benefits:

GKFX Fix Account

This trading account offers you easy and secure trading environment with a leverage up to 1:400

  • Minimum account opening deposit – 0
  • Maximum deposit – No limits
  • Maximum trade size in lots – 50 lots for each instrument for each execution
  • Maximum open lot – as much your margin allows
  • Maximum open trade number – no limits
  • Leverage – 1:400
  • Instruments – Forex, CFDs, Indices, Commodities
  • Account currency – USD, EUR, GBP

Variable Account

This trading account is created for Forex/CFDs trading

  • Spreads – from 1.2 pips
  • Min trade size – 0.01 lot
  • Leverage – 1:400
  • 50 currencies
  • Metatrade4
  • Expert Advisor
  • WebTrader
  • BackTesting

VIP Account

  • Spreads – from 0.6 pips
  • Min trade size – 1 lot
  • Leverage – 1:100
  • 50 + currencies
  • Metatrader4
  • WebTrader
  • Backtesting
  • Expert Advisors
  • Customer Representative
  • Shares
  • Futures

Corporate Account

GKFX also provides corporate and institutional clients option to trade FX, CFDs, Commodities, Indices, and Equities. To use it, traders simply need to supply required information and account will be approved.

  • Spread – from 0.6 pips
  • Min Trade Size – 0.1 lot
  • Leverage – 1:100
  • 50+ Currencies
  • Shares
  • Futures
  • Metatrader4
  • WebTrader
  • Expert Advisors
  • Customer Representative
  • Back Testing

Islamic Account

If you are worried about Shariah Law, GKFX provides an Islamic account just for you. Every day there is more and more brokers and software that provides Islamic accounts. Those type of accounts is created for Muslim clients without charging them for additional fees. Islamic accounts offer the same range of features like standard accounts. Those accounts are always respecting Shariah law and traders don’t need to worry about additional or hidden fees.

GKFX Demo Account

If you are interested in trading with GKFX and want to test all the features tools provided by this broker, GKFX has a solution for you. Now, you can explore all trading without taking any risk. GKFX Demo Account help traders to trade with 100,000$ virtual credits on their account and test all features and settings available on the standard account. However, keep in mind that you cannot withdraw virtual money and it serves only for testing the GKFX broker.

Trading Software & Assets

With your GKFX account, you can access all trading platforms listed below and start trading forex and other financial instruments today. The GKFX platforms available for trading are:

MetaTrader4 – This is one of the most popular platforms in the present time and more and more traders are using it. In addition to various analysis and price charts, MetaTrader4 enables its users to easily and safely trade.

Key Features:

  • 100+ MT4 accounts and more
  • Get different quotes and news updates
  • Manage pending orders
  • Execute different trades

MT4 Web – Live account traders with GKFX are allowed to trade from any browser and operating system. There is no need for additional downloads or installation process. All you need to do is to log in to GKFX trading account and start trading

Key Features:

  • Technical Indicators
  • Line Studies
  • Fibonacci Studies
  • All Trading Operations
  • 9 Timeframes
  • One Click Trading
  • Modify Trades

WebTrader – This fully customizable trading suite allows traders to trade without the need to install any software on your PC. The WebTrader also guarantees secure access to your account by using high technologies.

Key Features:

  • HTML5 Technology
  • One Click Trading
  • Advanced Charting
  • Trading Centar Analysis

There is no minimum deposit for opening a trade account with GKFX which is really attractive, however, you need to have some initial amount to start trading with. The average variable spreads for EUR/USD with GKFX are 1.5 pips which are on the upper end of average with other brokers. Also, the GKFX does not charge any commission fees which is important for deposit and withdrawal process.

Support Information

Customer support is an important item for every broker and we can convey with enthusiasm that GKFX provides all the opportunities to its customers. GKFX broker provides its traders live chat option, feedback option, contact form and let us call option. As for live chat options and contact us options, we do not think we need to explain too much. At any time, traders can log in to account and request help via live chat or contact us option. However, the feedback option and the let us call option are very interesting. GKFX provides you with the ability to give feedback at any time to anything relevant to trading and GKFX. Also, you are able to fill out a form through which you can notify GKFX at which point they can call you and in the agreed terms to answer all your questions.

Banking & Company Information

Payment options available with GKFX are quite diverse which is a great thing for traders since they are always looking for alternative ways of making deposits and withdrawals. Available options for deposit are:

  • Bank Transfer
  • Debit Cards
  • Neteller
  • Skrill
  • Visa
  • Solo
  • MasterCard

Withdrawals are made via bank wire and credit/debit cards. The accepted currencies for deposit are EUR, GBP and USD.