Broker Review Contents
Broker Overview
GKFX is an international online trading broker that provides access to forex and CFD markets for retail and professional traders. The broker has operated under the GKFX brand for several years and has served traders across multiple regions through different regulated entities. GKFX focuses on delivering competitive trading conditions, popular trading platforms, and a wide range of financial instruments suitable for beginners and experienced traders alike.
The broker is known for offering MetaTrader platforms, multiple account types, and access to global markets including currencies, indices, commodities, and CFDs. Over time, GKFX has positioned itself as a mid-tier broker offering regulated trading environments with flexible trading options.
Regulation & Safety
Regulation is one of the most important factors when evaluating any broker. GKFX operates through multiple entities that are regulated in different jurisdictions depending on the trader’s location.
Key regulatory aspects include:
- Oversight by well-known financial authorities in certain regions
- Segregation of client funds from company operating funds
- Compliance with anti-money laundering and know-your-customer policies
- Risk management procedures aligned with regulatory standards
For traders, regulation means added transparency and protection. However, regulatory coverage may vary depending on the country where the trading account is opened. Traders should always verify which GKFX entity applies to their region before opening an account.
Account Types
GKFX offers multiple account types designed to suit different trading styles and experience levels.
Standard Account
The standard account is suitable for beginner and intermediate traders. It typically offers:
- Competitive variable spreads
- No commission on most trades
- Access to the full range of trading instruments
- Moderate minimum deposit requirements
Variable or ECN-Style Account
This account type is aimed at more active traders who require tighter spreads. Features may include:
- Lower spreads starting from near-market levels
- Small commissions per trade
- Faster execution speeds
- Suitable for scalping and short-term strategies
Islamic Account
GKFX also provides swap-free Islamic accounts that comply with Sharia principles. These accounts do not charge overnight interest but may include alternative fees to maintain compliance.
Account availability, leverage limits, and minimum deposits can vary based on region and regulatory entity.
Fees & Spreads
Trading costs play a major role in long-term profitability, and GKFX applies both trading and non-trading fees.
Trading Fees
- Spreads vary depending on account type and market conditions
- Major forex pairs generally have lower spreads than exotic pairs
- Commission-based accounts offer tighter spreads with a fixed commission
- Overnight swap fees apply on positions held beyond market close unless using a swap-free account
Non-Trading Fees
- Possible inactivity fees on dormant accounts
- Withdrawal fees depending on payment method
- Currency conversion fees when trading instruments denominated in other currencies
Overall, GKFX’s fee structure is considered competitive when compared to similar multi-asset brokers.
Trading Platforms
GKFX supports widely used trading platforms that cater to both desktop and mobile traders.
MetaTrader Platforms
GKFX provides access to MetaTrader platforms, which include:
- Advanced charting tools
- Technical indicators and drawing tools
- Automated trading via Expert Advisors
- Multiple order types and execution modes
Web & Mobile Trading
Traders can access their accounts through web-based platforms and mobile apps, allowing them to monitor positions, place trades, and manage accounts from anywhere.
The platforms are suitable for both manual traders and those using algorithmic strategies.
Markets & Instruments
GKFX offers access to a broad range of tradable instruments across global markets.
Available asset classes typically include:
- Forex pairs including majors, minors, and exotics
- Stock indices from major global markets
- Commodities such as gold, silver, oil, and natural gas
- CFDs on selected stocks and shares
- Cryptocurrencies through CFD products in supported regions
The range of instruments allows traders to diversify their portfolios and apply different trading strategies under one account.
Deposits & Withdrawals
GKFX supports multiple funding and withdrawal methods to accommodate traders worldwide.
Common payment options include:
- Bank wire transfers
- Credit and debit cards
- Selected electronic wallets depending on region
Processing times vary by method, with card and e-wallet transactions generally being faster than bank transfers. Withdrawal fees and minimum limits may apply, so traders should review the terms specific to their account type.
Trading Tools & Educational Resources
GKFX provides several tools and resources to support trader development and decision-making.
These may include:
- Economic calendars with key market events
- Market analysis and research updates
- Educational articles and trading guides
- Demo accounts for practice without real risk
Educational content is particularly useful for beginners looking to understand trading basics and platform functionality.
Customer Support
Customer support is available through multiple channels, depending on the region.
Support options typically include:
- Live chat
- Email assistance
- Phone support
Availability may be offered on a 24/5 basis aligned with trading hours. Multilingual support is often provided to cater to international clients.
Pros & Cons
Advantages
- Offers popular MetaTrader trading platforms
- Multiple account types for different trader profiles
- Access to a wide range of forex and CFD instruments
- Regulated entities in several jurisdictions
Disadvantages
- Regulatory protection depends on account location
- Fees may vary significantly between account types
- Limited availability in certain countries
Who Is GKFX Best For
GKFX is best suited for:
- Beginner traders looking for standard accounts and educational resources
- Intermediate traders who want access to multiple asset classes
- Traders who prefer MetaTrader platforms
- Users seeking flexible account options across different regions
It may not be ideal for traders seeking ultra-low fees across all instruments or those requiring highly advanced proprietary platforms.
GKFX vs Other Brokers
When compared to other online brokers, GKFX offers competitive spreads and a solid selection of trading instruments. However, some competitors may provide:
- Lower overall trading costs
- Stronger regulatory coverage in certain regions
- Proprietary platforms with advanced analytics
Comparing GKFX with similar brokers helps traders determine whether its pricing, platform support, and market access align with their trading goals.
Risk Warning
Trading forex and CFDs involves significant risk and may not be suitable for all investors. Leverage can amplify both profits and losses. Traders should ensure they fully understand the risks involved and consider their financial situation before trading.
| Index & Stock CFDs | GKFX | IG | XTB |
| # of stocks offered | 300 | 8000 | 1606 |
| UK shares | Yes | Yes | Yes |
| US shares | Yes | Yes | Yes |
| German shares | Yes | Yes | Yes |
| Japanese shares | Yes | Yes | Yes |
| SEE GKFX’S INSTRUMENTS | SEE IG’S INSTRUMENTS | SEE XTB’S INSTRUMENTS |
What’s the GKFX trading experience like?
1) Platforms and apps
GKFX is among the few brokers that provides both the MetaTrader 4 and MetaTrader 5 platforms. To discover how the two systems differ, check out our MT4 versus MT5 comparison. Traders may trade with their preferred device thanks to the mix of downloading platforms for both Mac and Windows.
They now provide mobile apps for Android and iOS, making it simpler to monitor and execute transactions while on the go.
Still not sure?
Open a practice account & learn to trade
2) Executing Trades
GKFX allows you to trade with as little as 0.01 Lot. This may differ based on the type of account you establish. The maximum trading requirements differ based on the trader and the instrument. Because GKFX provides STP execution, you may anticipate narrower spreads and greater transparency in the price you pay to execute your transactions.
GKFX may offer lower entry criteria as a market maker than an ECN broker, which benefits from a higher volume of transactions and usually has higher capital and minimum trading requirements. Market makers generally have a lower minimum deposit, lower minimum trade requirements, and no trading commission.
Margin requirements, like those of other brokers, vary based on the trader, account, instruments. You can see the latest margin requirements on their website.
Finally, we’ve listed some of the popular funding methods that GKFX offers its traders below.
Trading Features:
- Allows scalping
- Allows hedging
- Offers STP
- Low min deposit
Accounts offered:
- Demo account
- Micro account
- Mini account
- Standard account
- Islamic account
Funding methods:
- Credit cards
- Bank Transfer
- Payoneer
3) Client support
GKFX supports a limited number of languages including English.
4) What you’ll need to open an account with GKFX
Because GKFX is regulated by the Financial Conduct Authority, every new customer must pass a few simple compliance tests to verify that you understand the risks of trading and that you are permitted to trade. When you establish an account, you will most likely be asked for the following information, so have it handy:
- A scanned colour copy of your passport, driving license or national ID
- A utility bill or bank statement from the past three months showing your address
You’ll also need to answer a few basic compliance questions to prove your trading expertise, so allow at least 10 minutes to finish the account opening procedure.
While you may be able to browse their site immediately, it is essential to note that you will not be allowed to execute any transactions until you pass compliance, which can take several days depending on your situation.
To start the process of opening an account with GKFX you can visit their website here.
81.75% of retail investor accounts lose money when trading spread bets and CFDs with this provider.
Frequently Asked Questions
Is GKFX a regulated broker?
GKFX operates through regulated entities depending on the trader’s region, offering varying levels of regulatory oversight.
What is the minimum deposit at GKFX?
Minimum deposits depend on account type and region but are generally accessible for retail traders.
Does GKFX offer demo accounts?
Yes, demo accounts are available for practice and strategy testing.
What platforms does GKFX support?
GKFX supports MetaTrader platforms along with web and mobile trading options.
Are Islamic accounts available?
Yes, swap-free Islamic accounts are offered in eligible regions.
