Overall GKFX can be described as a trustworthy broker and has an overall rating of 6 out of 10. GKFX offers a maximum leverage ratio of 1: 30 with a minimum deposit amount of €100/R1 900 and is regulated by MFSA.
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
GKFX Review – 19 key points quick overview:
GKFX – Overview- GKFX Safety and Security
- GKFX Sign-up Bonus
- GKFX Minimum Deposit
- Step by step guide to deposit the minimum amount
- GKFX Account Types
- GKFX Account Features
- GKFX Demo Account
- How to set up a GKFX Demo Account – Step by Step
- GKFX Trading platforms
- GKFX Fees and Spreads
- GKFX Deposit and withdrawal
- GKFX vs Etoro vs XM – A Comparison
- GKFX Current Popularity Trend
- Pro and cons
- Conclusion
- GKFX Customer Reviews
- Disclaimer
- Frequently Asked Questions
GKFX is the brand name of AKFX Financial Services Ltd which is regulated by Malta Financial Services Authority. The broker offers online trading in Forex and CFD through the MetaTrader4 platform.
GKFX Overview
According to research in South Africa, GKFX is a Maltese company founded in 2013 with headquarters in London, UK.
GKFX is the brand name of AKFX Financial Services Ltd which is regulated by Malta Financial Services Authority. The broker offers online trading in Forex and CFD through the MetaTrader4 platform.
With GKFX traders can trade in over 600 markets assets including forex, CFDs, commodities, equities, Indices, and cryptocurrencies. Today the broker has 28 global offices and serves over 317 000 clients.
GKFX Safety and Security
GKFX is wholly owned by AKFX Financial Services LTD, under the authorization of the Malta Financial Services Agency (MFSA). It is registered with a ROC Company ID C 60473 as a Category II Financial Services Company.
Malta holds EU membership which makes it fully compliant with the Markets in Financial Instruments Directive or MiFID II, and the EU’s 4th Anti-Money Laundering Directive.
Under MFSA rules and regulations, GKFX is obliged to keep client funds separate from its own funds. Funds are held with some of the world’s top tier banks, including Barclays and BNP. Clients from the United States are not accepted.
GKFX Sign-up Bonus
GKFX does not offer a sign-up bonus. No deposit bonus, sign-up bonus, or a welcome bonus is offered to traders who register a real account with GKFX.
Many brokers offer these welcome bonuses to new traders to draw in more customers as well as encourage trading activities. Offering these kinds of bonuses is the best way in to assure traders that they will receive some money back depending on the initial deposit made.
Even though GKFX does not offer bonuses, rewards, or any other promotions, traders should not be discouraged by this as the broker still offers attractive trading conditions.
GKFX Minimum Deposit
GKFX has a minimum deposit requirement of €100. This minimum deposit amount is equivalent to ZAR 1 662.35 at the current exchange rate between the EU Euros and the South African Rand at the time of writing.
GKFX is authorized and regulated by the strict regulatory entity Malta Financial Services Agency (MFSA). The broker is the registered trademark of AKFX Financial Services LTD and thus operates within the EU regulations. It also operates in many other jurisdictions and falls under the added regulations of FCA, BaFin, CNMV, AFM, Consob, CNB, CySEC and NBS.
It is a requirement by most regulatory bodies and financial institutions, amidst several other strict rules and regulations, that all client funds must be kept separate from the broker account, and it can only be used by traders to conduct trading activities.
Step by step guide to deposit the minimum amount
When funding the trading account, it can be done from traders own bank accounts by sending the funds to one of the GKFX client accounts. Traders can also access the option to deposit the minimum amount from their client’s portal after they have registered for a live trading account, and it has been approved.
The following steps can be followed:
Step 1 – Log into your secure client area.
Log into your account to access your client area.
Step 2 – Go to the funds option.
Go to funds and select the deposit tab.
Step 3 – Select your account.
Select your account and then the deposit method.
Step 4 – Choose the amount to deposit.
Select the amount you want to deposit and proceed with the payment.
Traders must ensure that they select the correct deposit currency before they make a deposit as funds must be transferred in the same currency as the bank account which they are sending it to. If this is not done, traders may be subjected to currency conversion fees.
The broker does suggest that traders make use of deposits via a credit card as bank wires may take some time to be processed. Deposits reflect into your account balance as soon as the payment arrives at GKFX.
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 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.
How to set up a GKFX Demo Account – Step by Step
To set up and register for a demo account with GKFX, traders can do the following:
Step 1 : Navigate to the homepage of GKFX
Go to the website of GKFX website and scroll down on the homepage. Click on the ‘Open Demo Account” on the starter account banner.
Step 2 : Choose a platform
You will be redirected to a page where you can sign up for a demo account using the MetaTrader 4, MetaTrader 5 or WebTrader platform.
Step 3 : Fill out the form
Next you must complete a form by providing your First and Last Name, country of residence, telephone number, and email. You also must accept the Privacy Policy terms and provide permission to be contacted by the broker.
Step 4 : Go to your email
As soon as this is done and you have submitted your details, you will receive an email that will contain the trader’s demo account number, automatically generated password, and server. An embedded link is also contained in the email to activate the trader’s personal area. This also provides traders with the option to change their password.
GKFX Trading platforms
The forex trading platform provided by GKFX to its clients is the software to carry out their trades. Some brokers provide only one, others quite a few platforms.
A multi-asset trading platform is one that allows clients to trade forex as well as other asset classes. The decision about which platform to choose will usually depend on what a client would like to trade.
GKFX provide trading through the MetaTrader4 and MetaTrader WebTrader platforms. Both are sophisticated platforms that has been purpose-built for beginner and advanced traders.
It is available for desktop, Mac, Android, iPhones, iPads, tablets in English, Spanish, Italian, German, and Arabic.
MT4 offers the ability to monitor market movements and has access to three different chart-types, nine timeframes, over fifty pre-installed technical indicators and a fully customisable user interface.
Traders have access to Expert Advisors, charting software, back-testing and can trade in all the market instruments available. GKFX also offer Virtual Private Server (VPS) where an area is reserved on a hardware server. The cost is shared with other users.
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 Fees and Spreads
With GKFX spreads start from 0.1 pips on EUR/USD when using the Premium account and 0.6 pips when using the Standard account. GKFX provides a transparent and competitive spread list and fee schedule.
Traders can expect the following fees, spreads, and commissions when trading with GKFX:
On forex spreads start from 0.6 pips on EUR/USD on the Standard account with zero commissions.
When trading forex on the Premium account spreads start from 0.1 pip and commissions of € 6 per lot is charged.
On the website, traders can download market information sheets providing all the information that traders might need.
GKFX Deposit and withdrawal
Accounts usually requires a certain minimum initial deposit, which can be paid in several ways. Withdrawals can usually be done with the same ways, but sometimes differ.
In the case of GKFX, the following minimum deposits are required:
Standard Account – €100
Premium Account – €20 000
Corporate Account – €25 000
Deposits into a trading account can be made in the EUR, USD, and GBP currencies. It is not clear through what payment methods accounts can be funded. This information is only available when a live account is opened.
Other sources on the internet does state that deposits can be made via Bank Wire, VISA, MasterCard, Bitcoin, Qiwi, Skrill, and WebMoney, but this could not be confirmed.
It Is also not clear how long it takes for deposits or withdrawals to reflect into the trader’s account.
GKFX vs Etoro vs XM – A Comparison
| 🔎 Broker | 🥇GKFX | 🥈 eToro | 🥉 XM |
| 💰 Minimum Deposit | €100/R1 900 | $1000 USD/R18027 | $5 USD/R90 |
| 📝 Sign-Up Bonus | does not offer | ☑️ Yes | ☑️ Yes |
| ➕ Max. Leverage | 1:30 | 1:400 | 1:888 |
| 💵 Currency Pairs | 47 | 47 | 57 |
| 🚀 Open an Account | 👉 Click Here | 👉 Click Here | 👉 Click Here |
GKFX Current Popularity Trend
As According to Google Trends, here is an overview of how frequently the search term – “GKFX” is entered into Google’s search engine over a given period of time.
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 Pro and cons
| ✅ Pros | ❌ Cons |
| Regulated by FMSA | No information on deposit and withdrawal methods |
| MetaTrader 4 | Live chat does not work |
| Offer research tools | |
| Offer educational tools |
Conclusion
Funds kept with GKFX is safe and fairly risk free as it is kept in separate accounts. The broker is authorized and registered with the Malta Financial Services Agency (MFSA) which means it has a company keeping a close watch on all its operations.
The MetaTrader4 platform is globally used and preferred by traders and the broker offers ample educational and research tools to assist beginner and advanced traders.
There is unfortunately a lack of information on the deposit and withdrawal of funds which is essential information any new trader needs.
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!
Disclaimer
You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 73% of retail investor accounts lose money when trading CFDs with this provider.
Potential traders should first acquaint themselves with all these associated risks and seek advice from an independent financial advisor, according to research in South Africa.
You might also like: GKFX Account Types Overview
You might also like: GKFX Demo Account – Step by Step
You might also like: GKFX Fees and Spreads
You might also like: GKFX Islamic Account Overview
You might also like: GKFX Minimum Deposit
You might also like: GKFX Sign up Bonus
Frequently Asked Questions
Which instruments can I trade with GKFX?
Instruments available to trade with GKFX include CFDs, equities, indices, commodities and cryptocurrencies
What is the overall rating out of 10 for GKFX?
The overall rating for GKFX is 6/10
Does GKFX offer a demo account?
Yes. GKFX does offer a demo account option.
Which live trading accounts does GKFX offer?
Live trading accounts from GKFX include:
- Standard Account
- Premium Account
- Corporate Account
What are the available deposit currencies for a live GKFX trading account?
The available deposit currencies are USD, EUR, and GBP
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