GKFX is a London-based broker established in 2009. It has offices in several countries and is regulated by the Financial Services Authority. GKFX has the ECN execution model at its trading system to go along with tight spreads using the MetaTrader platform.
Learn more about GKFX and its offered services by reading this broker review in full.
GKFX Background & Profile
The GKFX brand is a group of companies that provides financial services to traders since 2009. The parent company is based in London while its other business entities are located in Greece, Netherlands, Germany, Japan, UAE, France, Italy, Spain, South Africa, China, Russia, Sweden, Czech Republic, and the Slovak Republic.
All GKFX sites are licensed and fully regulated in their respective jurisdictions. GKFX London is under the supervision of the Financial Services Authority. Some other regulators affiliated with GKFX include JFCA, DMCC, AFM, CONSOB, CNMV, AMF, and Narodna Banka Slovenska.
GKFX is in the business of cultivating transparency in its operations. It is manifested in the special features and services to its ECN execution. More so, the company is displaying the market depth for its traders to see the current liquidity. Aside from this, GKFX is also not restricting its traders on the trading strategies to be utilized during trading.
GKFX upholds its brokerage brand by offering some of the best trading conditions and features such as cutting-edge tools, ECN execution model, tight spreads, zero minimum deposit, and availability of micro lots.
GKFX Features and Fees
Financial Instruments
The GKFX brand offers a variety of financial assets in different markets. In foreign exchange, it has 40 currency pairs available. It also offers trading in Spot Metals, Index in CFDs, and oil. Overall, GKFX has over 600 financial instruments in its trading arsenal.
Account Types
Each GKFX broker has a different set of trading accounts offered to clients. GKFX London offers three account types: STP MT4, ECN MT4, and PRO.ECN MT4.
For the minimum initial deposit, the STP MT4 and ECN MT4 accounts are the easy-open accounts as they don’t require any amount. Nevertheless, traders still need to fund their accounts in order to trade. PRO.ECN MT4 requires a $10,000 initial deposit amount.
In terms of trade size, the minimum trade size is 0.1 lot for both STP and ECN. The ECN Pro account is set to 1 lot. The maximum trading size is 100 lot for all account types. Considering spreads, the three account types feature tight spreads starting from 0 pips.
The maximum leverage is 1:500 for all account types and a 1% margin rate. Considering the commission rates, the STP MT4 account has zero commissions, $25 for ECN MT4, and $15 for ECN Pro.
Moreover, the STP account is operated with instant execution mode while requotes apply. The ECN MT4 and ECN Pro both utilize market execution mode without requotes. Other trading features such as Expert Advisors and scalping are accessible in any of the three account types.
Funding Methods
GKFX parades a number of options for deposit and withdrawal transactions of its clients. Users may opt for Bitcoin, Visa, MasterCard, WebMoney, Qiwi Wallet, Neteller, Skrill, Contact, Bank Transfer, and Post of Russia.
Each method of replenishment or withdrawal comes with transaction /commission fees. They also vary in terms of transfer term or lead time and features and limitations. Visit GKFX’s official site to view the specified commission rates under each payment method.
GKFX Trading Platforms & Tools
The broker is offering the market popular MT4 platform. Specializing in forex and CFD markets, the MT4 platform is known for its convenience of use, reliability, and functionality.
Apart from the standard features of the platform, GKFX’s MT4 is equipped with the following features: wide selection of free parameters, indicators, advisors, and script; customizable indicators and strategies; automated trading; and 128-bit encryption trading transaction security.
GKFX offers the MT4 platform in several versions including MT4 for Windows, and MT4 mobile app for Android and iOS devices.
The mobile app version of MT4 is powered by more advanced features such as real-time quotes for financial assets, a full range of trading orders, trading directly from charts, complete trading history, an array of analytical tools, several timeframes, three chart types, and customizable technical indicators.
On GKFX’s official site, you can use its analytics infrastructure in economic calendar, online forex quotes, Trading Central, and Autochartist.
Bottom Line
Targeting Asian and European traders, GKFX continues to advance its brokerage coverage by offering zero minimum deposit accounts. Equipped with ECN technology plus a reputable regulatory credential, GKFX is worth giving a try.
