GKFX only offers the option of registering for two live account types, namely a Standard Account or a Premium Account. Both of these accounts has a maximum leverage of 1: 30.
GKFX at a glance
| 🔍 Broker's Name | GKFX |
| 📍 Headquartered | London, UK |
| 📅 Year Founded | 2013 |
| ⚖️ Regulating Authorities | Malta Financial Services Agency (MFSA) |
| 🌐 Countries not accepted for trade | United States |
| ☪️ Islamic account (swap-free) | Not indicated |
| 👍 Demo Account | Yes |
| 📊 Institutional Accounts | Yes |
| 📊 Managed Accounts | Yes |
| 📈 Maximum Leverage | 1: 30 |
| 💰 Minimum Deposit | €100/R1 900 |
| 💳 Deposit Options | Not indicated |
| 💳 Withdrawal Options | Not indicated |
| 💻 Platform Types | MetaTrader4 and MetaTrader WebTrader |
| 📈 Tradable assets offered | Over 600 assets including forex, CFDs, equities, indices, commodities and cryptocurrencies |
| 📱 OS Compatibility | Mac, Microsoft Windows, Android, iPhone, iPad, Web, Desktop |
| 👨💼 Languages supported on Website | English, Spanish, Italian, German, and Arabic |
| 👥 Customer Support Languages | English, Spanish, Italian, German, and Arabic |
| 📆 Customer Service Hours | 24/5 |
| 👉 Open a account | Click Here |
Min Deposit
€100
Regulators
MFSA
Trading Platform
MT4, MT5, WebTrader
Crypto
Yes
Total Pairs
47
Islamic Account
No
Trading Fees
Low
Account Activation
24 Hours
Choose your quick section of our GKFX Account Types below.
GKFX Account types – 9 key points quick overview:
GKFX Overview- GKFX Account Types
- GKFX Account Features
- GKFX Demo Account
- GKFX Islamic Account
- GKFX Pros and Cons
- Conclusion
- GKFX Customer Reviews
- Frequently Asked Questions
GKFX Overview
GKFX (AKFX Financial Services LTD) is a Malta based broker that was founded 2013. It headquarters in London, United Kingdom. GKFX is the brand name of AKFX Financial Services Ltd which is regulated by Malta Financial Services Authority (MFSA).
The company was bought by the Global Kapital Group in 2018 but is the registered trademark of AKFX Financial Services LTD). It operates within the EU regulations and is also regulated through FCA, BaFin, CNMV, AFM, Consob, CNB, CySEC and NBS.
Through these regulations GKFX is obliged to keep client funds separate from its own funds and funds are held with some of the world’s top tier banks, including Barclays and BNP.
The broker provides retail and professional clients with innovative services that deliver effective multi-asset FX/CFD trading under the trademark of GKFX.
It provides trades in over 500 products that include forex, indices, commodities, stocks, and cryptocurrencies. Trades can be done through the MetaTrader4, MetaTrader 5 and WebTrader platforms.
Besides offering numerous education and research tools, the broker also provides expert customer support and serve clients in 5 languages, 24 hours, and 5 days a week.
Today the broker has 28 global offices and serves over 317 000 clients. Clients from the United States, Belgian, Canada, Japan, Turkey, Israel, Hong Kong, Singapore and the Islamic Republic of Iran or any other jurisdiction is not accepted where the distribution of leveraged instruments is prohibited.
GKFX Account Types
GKFX only offers the option of registering for two live account types, namely a Standard Account or a Premium Account.
Although traders can only trade through these two accounts, GKFX offers competitive trading conditions along with comprehensive solutions and services.
GKFX Account Features
The following features can be expected when registering for either of the two live account types.
Standard Account
| 📍 Standard Account | |
| 💰 Minimum deposit | € 200 |
| 📈 Spreads | from 0.6 pips |
| 💳 Base currencies | EUR, USD, GBP |
| 🌐 Minimum lot | from 0.01 |
| 📊 Maximum leverage | 1: 30 |
| 💻 Trading platform | MetaTrader 4, MetaTrader5 and WebTrader |
| 👉 Commission | Zero |
| ☪️ Swap-free account | Available |
Premium Account
| 📍 Premium Account | |
| 💰 Minimum deposit | € 25 000 |
| 📈 Spreads | from 0.1 pips |
| 💳 Base currencies | EUR, USD, GBP |
| 🌐 Minimum lot | from 0.01 |
| 📊 Maximum leverage | 1: 30 |
| 💻 Trading platform | MetaTrader 4, MetaTrader5 and WebTrader |
| 👉 Commission | from € 6 per lot |
| ☪️ Swap-free account | Available |
Islamic Account
With GKFX the option is offered to Muslim traders who follow the Sharia law to open an Islamic or Swap-free Account.
It is not noticeably clear on GKFX website whether Muslim traders could merely convert their live trading account to an Islamic Account, or whether it is a standalone account with a separate application procedure.
It does, however, seem that the Islamic account has the same features as offers in the Standard and Premium accounts, it just depends on which kind of account the client wants to open as Islamic account with.
GKFX Demo Account
A free demo account is offered by GKFX to clients with an unlimited balance of virtual money. The demo account is available for a period of 30 days.
Any demo account can be utilized in several ways which can include the following:
As a practice account for beginner traders who wish to improve their trading skills in a risk-free environment using virtual funds.
More advances traders who want to evaluate and compare brokers and would like to explore GKFX’s trading conditions in a risk-free environment.
Traders who want to test their trading strategies in a mimicked live trading environment without risking their capital.
To open a demo account with GKFX prospective clients only need to complete the online registration form. It is digitalized and hassle free and you can determine how much virtual funds you need.
If you need more virtual funds, you can contact the support team or send an email. As soon as the account is verified and the platform downloaded, demo trading can commence.
GKFX Islamic Account
An Islamic Account caters specifically for Muslim traders who strictly follow the Sharia law. The law prevents them from paying any type of interest, such as overnight fees. They see it as wasteful or exploitive.
Overnight fees are usually charged when traders hold positions open for longer after the trading day has concluded. With an Islamic account exemption is allowed from paying such fees, or interest, should they hold positions open for longer.
GKFX offers Islamic accounts to Muslim traders who follow the Sharia law. It can be opened on both the live account types, the Standard or Premium account.
The same features apply for the Islamic Account as on the normal live accounts.
Traders who want to register for an Islamic account must first contact GKFX’s customer support to apply and verify the details of the account as there are certain conditions that apply in opening such an account.
Conditions may also change as per the broker’s discretion and/or changes in market conditions.
Min Deposit
€100
Regulators
MFSA
Trading Platform
MT4, MT5, WebTrader
Crypto
Yes
Total Pairs
47
Islamic Account
No
Trading Fees
Low
Account Activation
24 Hours
GKFX Pros and Cons
| ✔️ Pros | ❌ Cons |
| Demo account available | Clients from the US, Belgian, Canada, Japan, Turkey, Israel, Hong Kong, Singapore, and the Islamic Republic of Iran not accepted |
| MetaTrader 4 and MetaTrader 5 offered | Does not offer fixed spread accounts |
| Negative balance protection offered | Limited payment methods |
| Offers commission-free trading | Only two live account types available |
| Regulated through MFSA, FCA, BaFin, CNMV, AFM, Consob, CNB, CySEC and NBS | |
| Segregated client funds used | |
| Swap-free account available |
Conclusion
GKFX only offers the option of registering for two live account types, namely a Standard Account or a Premium Account. Both of these accounts has a maximum leverage of 1: 30.
GKFX (AKFX Financial Services LTD) is a Malta based broker that was founded 2013. It headquarters in London, United Kingdom. GKFX is the brand name of AKFX Financial Services Ltd which is regulated by Malta Financial Services Authority (MFSA).
GKFX Customer Reviews
Good experiences so far…
I’ve only had good experiences with GKFX so far. No problem with trading, values were correct and payouts were easy and quick.
Very good Broker
Very good Broker. Instant withdrawal. Very deep liquidity. highest partner commission
It’s perfect!
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Frequently Asked Questions
Trading environment
How many instruments can I trade with GKFX?
You can trade in over 500 financial assets that include:
- Forex
- CFDs
- Equities
- Indices
- Commodities
- Cryptocurrencies
Which platforms are supported by GKFX?
MetaTrader 4, MetaTrader 5 and WebTrader.
Does GKFX offer leverage?
Yes. Leverage of up to 1: 30.
What spreads can I expect with GKFX?
You can expect spreads which start from 0.6 pips on EUR/USD when using the Standard account and 0.1 pips when using the Premium account.
Does GKFX charge commission?
Yes, and no. GKFX does not charge commission on the Standard account but a commission of € 6 per lot is charged on the Premium account.
It is unclear whether Islamic account holders are subjected to the same commission charges. Traders must verify this information with the broker as it is not stated on the website.
Are there additional charges on the Islamic account?
Not that can be seen from GFKX’ website. It appears that the Islamic accounts have the same features on both the account types on offer of which Islamic accounts can be opened on both.
Is GKFX regulated?
Yes. GKFX is regulated through MFSA, FCA, BaFin, CNMV, AFM, Consob, CNB, CySEC and NBS.
Is GKFX a recommended forex trading broker for experts and beginners?
Yes. GKFX offers a trading environment for both beginners and expert traders.
What is the overall rating out of 10 for GKFX?
7/10.
Accounts
What is the difference between a demo and live trading account?
A demo account offers the use of virtual funds instead of actual capital. This allows for risk-free trading as well as exploring of both the broker’s offer and the trading platform.
A demo account can be used for a variety of reasons including practice trading, testing trading strategies, exploring platforms and offers, and more.
Does GKFX offer a demo account?
Yes. The broker does offer a demo account that has the same features as the live account.
For how long is the demo account valid?
The demo account is valid for 30-days.
Does GKFX offer the option of an Islamic Account?
Yes. GKFX offers the option of an Islamic Account for traders of the Muslim faith on both the live account types.
Which live trading accounts does GKFX offer?
GKFX offers a Standard Account and a Premium Account.
What are the available deposit currencies for a live trading account?
EUR, USD, and GBP
Deposits and withdrawals
What is the minimum deposit for GKFX?
€ 100.
How do I make a deposit and withdrawal with GKFX?
- Credit cards
- Debit cards
- Skrill
- Neteller
- Bank Wire Transfer
Does GKFX charge withdrawal fees?
No. However, traders should take note that fees from financial institutions may apply.
How long does it take to make a withdrawal?
It is not indicated how long withdrawals take. Traders should note however that depending on a specific bank service it may take several days for the money to be available in a client account.
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