GKFX Review – Can You Trust This Multi-Asset Broker?

Reputation, security, and cost efficiency are only some of the main factors to consider when choosing a broker. In reality, the decision to sign up with a broker is more complex, depending on your trading strategy, goals, and your preferences regarding the trading platform.

GKFX is one of the many online brokers available nowadays. In our GKFX review below, we’ll introduce you to its features, benefits, and trading conditions, so you can find the best service provider for your needs and capital.

About GKFX

GKFX, owned by AKFX Financial Services LTD, is a brokerage company headquartered in Malta. Founded in 2013, the company was later acquired by Global Kapital Group.

With more than a decade of experience in the market, the broker takes pride in its innovative technology, high-quality services, and secure environment for financial trading. AKFX Financial Services Limited is regulated by the Malta Financial Services Authority.

The main tradable assets are forex and CFDs, contract-for-differences, which are contracts based on the prices of underlying assets. The main financial markets available are stocks, commodities, indices, and cryptocurrency, among others.

In the following sections, we’ll provide you with a GKFX review focused on its features, pricing, customer service, and how it compares with its competitors.

GKFX Features

GKFX is a multi-asset broker that provides access to many tools, features, and several trading platforms. Check out the GKFX review in the next sections below to find out more about the trading environment.

Trading Platforms

GKFX offers access to both a proprietary platform and the well-known, popular trading platforms MetaTrader 4 and 5. GKFX Trader is perhaps a good choice for beginners who do not want to go through a steep learning curve. The interface is simple, but it has all the basic features, such as one-click trading, news, charts, a watchlist, and a customizable layout.

More experienced traders, or beginners who plan to improve their trading skills quickly, may prefer MetaTrader platforms instead. MetaTrader 4 is one of the most popular choices among forex traders around the world.

Its features are more advanced, and it sports high customizability, although it may be more difficult for a beginner to learn how to navigate it. MT4 comes with multiple professional tools and plugins and is suitable for just about any forex trading strategy, including automated ones (Expert Advisors, or EAs).

MetaTrader 5 is better equipped for traders who want access to other financial markets. It is highly customizable, the user interface is smooth, and you can also set up automated trading, just like with MT4. There are plenty of indicators, timeframes, and other tools to aid in your trading journey.

The range of assets is extremely generous, GKFX boasting more than 500 financial instruments (trading CFDs on stocks, indices, crypto, commodities, and others), and many currency pairs (EUR, USD, GBP, but also exotic currencies)

Mobile Trading

All platforms discussed above are available on multiple devices, including computers and mobile phones. Mobile apps are great as you can trade on the go, or you can watch your portfolio, receive important news, and manage your trades regardless of your physical location. Mobile trading is available for both Android and iOS users.

When using a computer, users can choose between downloadable software or a web platform (available via users’ chosen browser).

GKFX Accounts

GKFX offers multiple trading account types for retail investors, but also a professional account. Each account type comes with different trading conditions and costs, so you can choose the one that suits you best.

If you are a beginner, you may want to opt for the Classic trading account during your account opening process. Spreads start from 0.7 pips, with no commission, and no minimum deposit.

For more experienced traders, the Prime account is a more cost-effective solution. There is no commission, while the spreads start at 0.5 pips. However, you need to deposit at least €2,500 to open this type of account.

Advanced forex traders’ top choice may be the Prime Plus account, which has a €5 commission per lot, but the spreads start at only 0.1 pips. This is not as affordable as others, considering the minimum deposit of €15,000.

All these account types for retail traders allow maximum leverage of up to 1:30 and you can trade any type of financial instrument. You will also have plenty of trading and analysis tools included, regardless of your choice.

Apart from these account types, you can also apply separately for a professional account. This is known as a corporate account with maximum leverage of 1:200 on major currency pairs, has negative balance protection, and promises the best execution.

You can also open an Islamic account (with no swaps/interest rate), or a demo account. Unfortunately, the demo account is only available for 30 days, which can be a major drawback if you’d like to test your trading strategies in a virtual environment before risking real money.

Other Trading Tools & Features

Depending on your chosen trading platform, you have access to select trading tools and features. Some of these include:

• Trading Central, which is software for technical analysis that provides high-quality information

• Virtual Private Server that provides continuous trading regardless of your internet connection
• Autochartist, which lets you know about trading opportunities
• MetaTrader Booster Pack that contains 9 add-ons, but you need to deposit at least €1,000

• Trading calculators (for profit, margin, and currency conversion)

Education & Research

GKFX offers a rich educational section split into difficulty levels (beginner, expert, and trader). You can watch videos, read articles, and join webinars and seminars.

Another excellent aspect is the research section which features daily articles on the latest market developments, week-ahead videos, and forex signals (via Trading Central). The trading signals are both free and paid, depending on your preference.

Education and research are available for all clients, all account types, and regardless of which trading platform you choose.

Regulation & Safety

GKFX is regulated by the Malta Financial Services Authority (MFSA) and authorized to provide its services in Europe. While MFSA is may not be considered a top regulatory authority in the world, it does come with multiple benefits for traders, such as the segregation of funds and the Investor Compensation Scheme (client protection program).

Segregation of funds means that, in case of financial failure, your funds are safe as they are kept in a separate account (not the company’s accounts). The Investor Compensation Scheme is further protection in case of insolvency and covers either 90% or up to €20,000 of your funds, whichever is lower.

GKFX Fees

GKFX fees vary according to the account types, which range from 0.1 to 0.7, as discussed in the section above. Apart from this, you should know that trading overnight (leaving a position open overnight) may lead to additional charges, known as swap fees (interest rates). These rollover/swap fees apply when you trade forex and CFDs on all trading instruments, but you don’t have to cover any overnight fees if you are a day trader.

GKFX does not charge any non-trading fees to deposit funds, and there are no withdrawal fees, although your service provider may charge you. You can choose from credit cards, bank transfers, or your e-wallet (Neteller or Skrill) to deposit and withdraw money. Bank wire may take the longest, while credit cards and e-wallets are quicker payment methods. One drawback is that GKFX requires you to close and settle all your open trade positions before withdrawing money.

It’s also important to note that GKFX does not charge an inactivity fee. This means that there is no charge for dormant trading accounts (other brokers like Plus500 do charge an inactivity fee, though).

GKFX Customer Support

Customer support is available in multiple languages and is available 24/5. You can contact the customer support team via several channels, including email, phone, or live chat. GKFX is also available on social media, including YouTube, Facebook, and Instagram.

How Does GKFX Compare?

Overall, GKFX has a superior offering and provides excellent trading conditions compared to many other brokers. For example, Ingot Brokers only provides access to MetaTrader, while GKFX also offers a proprietary platform. One comparable provider would be FP Markets, which also provides proprietary software, but this is only for stock trading and requires a minimum deposit of $1,000, while GKFX has no minimum deposit.

In terms of average trading costs, GKFX has a very competitive offer for all types of accounts. For example, the GKFX’s Classic account has a spread starting at 0.7 pips and no commission. However, if you prefer to pay a commission and raw spreads, you may want to check out IC Markets instead ($3 commission per USD 100k for the raw account).  

One limitation is that GKFX is only available for European traders. If you do not reside in Europe, you may want to check a global broker instead, such as Plus500, PaxForex, or Xtreamforex.

Another drawback may be that it is not regulated by top regulatory authorities in the world, unlike FP Markets, Plus500, or Ingot Brokers. However, other brokers like AximTrade are not regulated at all or operate from locations popular among offshore brokers, which increases your risk significantly compared to GKFX.

Who Is GKFX Best For?

GKFX has a very versatile offering suitable for novices, intermediate, experienced traders, and even pro traders. For each category, different accounts are available, so it is easy to choose the one that suits you best. The well-developed educational and research sections are also a great benefit, no matter your experience. Finally, given the choice between MetaTrader 4 and 5, and the proprietary platform, GKFX is ideal for any type of trading strategy and analysis. and there is no minimum deposit required.  

FAQ: GKFX

Is GKFX a good broker for beginners?

GKFX has a customizable offer and trading environment, so it may be a good broker for beginners from the perspective of adaptability, cost, and ease of use. However, beginners should become familiar with the trading world, and strategies, and consider the risks involved before signing up with any broker.

Is GKFX safe?

GKFX is regulated and licensed by Malta Financial Services Authority (MFSA) and operates in Europe only. Hence, it is safe for clients worried about the dangers of choosing an unregulated broker, such as losing money rapidly. Nonetheless, just like with any investment, CFD trading carries risk, so you need to devise your strategy carefully and use risk management tools to limit your potential losses.

Does GKFX charge for opening an account?

No, you can open an account for free. You may even opt for a demo account where you can trade with virtual funds. The demo account is only available for 30 days.

Are the MetaTrader platforms better than GKFX Trader?

The MT trading platform may seem overwhelming to a beginner, while the GKFX Trader has a simpler, more intuitive interface. However, MT provides many more tools and advanced features, so the right platform depends on what trading instruments you want to trade, your trading experience, your expected trading performance, and your willingness to learn.

Final Verdict: GKFX Review

In this GKFX review, we have discussed the main features of this broker and what you should expect from it if you decide to open a GKFX account. It has a great selection of CFD trading platforms, tools, features, and even research articles to help you get started in no time.

It is regulated by the MFSA (the Financial Instruments Directive, MIFID II) and is available to European clients, which enhances its credibility. Furthermore, the cost structure is very competitive compared to other brokers, so GKFX easily comes across as a great broker for many types of traders with variable budgets, and different levels of experience.