GKFX Forex Broker

GKFX Review

1 Star2 Stars3 Stars4 Stars5 Stars (5 votes, average: 4.40 out of 5)
Loading...
User Rating:
1 Star2 Stars3 Stars4 Stars5 Stars (5 votes, average: 4.40 out of 5)
Loading...
Updated on: May 8, 2017
Deposit Options:
Regulation:
FCA
Min. DepositMax. LeverageSpreads FromForex PairsPlatformsMobile TradingBroker Highlights
£0 400:1 0.7 PIPS

50+ Currency Pairs

MT4

Web-based platform

Mobile app

iOS

Android

£300 Cashback offer. T&C’s Apply.

GKFX – Global Forex Trading

GKFX is a leading UK online trading broker which is based in London, England. The company operates in 11 cities across 8 countries. GKFX has been providing currency trading services to UK traders since 2010, and now offers 600+ financial instruments to traders around the world. As an up and coming FX broker, the company prides itself on customer service and integrity. Recently, GKFX won multiple awards including Top Grade Client Support, Forex Broker of the Year for 2015, Best FX Broker of 2015, Best Forex Mobile/Tablet Trading Application of 2016, and the Best Forex Customer Service Award for 2016.  GKFX is fully regulated to offer FX trading services by the FCA (Financial Conduct Authority), with registration #501320 (FCA) and #6387942.

Trading Markets

A wide range of trading markets is available to UK traders at GKFX. These include advanced Forex trading, encompassing major pairs, minor pairs and exotic currency pairs. The trading markets for FX trading include the most diverse range of FX pairs in the world. Competitive margins and narrow spreads make it lucrative for traders to dabble in the financial markets at GKFX. FX currency pairs number in the dozens, with popular options including the following:

  • USD/CAD, USD/DKK, USD/JPY, GBP/CHF, GBP/CAD, EUR/GBP, EUR/RUB, EUR/SEK, AUD/CAD, AUD/NZD, AUD/USD, CAD/JPY, USD/ZAR, USD/SGD and many others.
  • Indices include UK100, ESX50, DAX 30, S&P 500, NAS 100, CAC40, AUS 200, JPN225, HK50, WIG and others.
  • Commodities include gold, silver, copper, Brent crude oil, and WTI crude oil.
  • A limited number of bonds are available such as the 10 year German Bund.
  • Equities markets cover a broad range of tradable assets including Admiral Group PLC, Experian PLC, Glencore PLC, Old Mutual PLC, Prudential PLC, Rolls-Royce Group PLC, Sainsbury’s, Adidas, L’Oreal, Nestle, Zürich Financial Services, Mercedes Benz, CVS, DuPont, MasterCard, McDonald’s Corporation, United Technologies Corporation, Walmart Stores Inc., Exxon Mobil Corporation, and hundreds of others.

Trading Platforms

There are a multitude of trading platforms available at GKFX. Forex traders in the UK will have no problem enjoying updated financial news from around the world. Other benefits include multilingual trading options, technical analysis, comprehensive charting, and easy management of open/close positions. In all cases, dedicated customer support is available. The trading platforms include Multi Terminal for traders with multiple accounts simultaneously, WebTrader for mobile trading, MT4 web for mobile trading, and MT4 (MetaTrader 4) the world’s most respected FX trading platform.

GKFX Forex Platform

 

Currency traders can access a live account, or a demo account at GKFX. To open a demo account, traders must complete the online form. This requests name/surname/account type/telephone number/email and an acceptance of the terms of business and the privacy policy. Traders must be from a regulated jurisdiction to trade currencies at GKFX.

Special Offers

GKFX are currently running a £300 Cashback offer for new clients who open a live account. The offer applies to FX trades and runs for one calendar month from the date that the client opens the live trade account. T&C’s apply.

Site Strengths

  • 600+ financial instruments to trade
  • A wide range of currency pairs (major pairs, minor pairs, and exotic pairs)
  • Fully Licensed and Regulated by the Financial Conduct Authority (FCA)
  • MT4 trading platform and for mobile compatibility
  • Exemplary customer support
  • Award-winning Forex brokerage
  • Demo trading platform
  • Wide range of educational resources

Site Weakness

  • No bonuses and promotional offers evident on site
  • Restricted to regulated countries and jurisdictions
  • Site is cluttered, and navigation is clunky

Conclusion

UK Forex traders will enjoy a wide range of currency trading options on multiple trading platforms. These include WebTrader for mobile trading, MT4, Multi-Terminal, and MT4 web. The inclusion of a demo account trading is a useful resource for novices and others who are learning the ins and outs of currency trading at GKFX. The range of trading products includes currency pairs with low spreads and high margins, equities, indices, commodities etc. Plus, there are a wide range of account types for all different types of traders. Live accounts and demo accounts are the two primary options. Demo accounts on the MT4 platform expire after 30 days, but it is possible to reapply for a new one.

Customer support is readily available for a wide range of issues including terms of business, risks on margin and leverage, payment methods, privacy policy and the like. Customer support can be reached 24 hours a day from 10 PM through 10 PM Sunday through Friday at +44 (0) 207-186-1212. Email support is also available. Payments support, account support, and press inquiries support telephone numbers and email addresses are provided. The quality of the support is world-class and FX traders will find agents to be responsible, knowledgeable, and effective at what they do.

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 82% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

 

Check out iForexTrader’s full Broker Comparison Table:

Compare Brokers

Leave a Comment

Make sure you enter the required information where indicated. Comments are moderated and nofollow is in use. Please no link dropping, no keywords or domains as names, do not spam, and do not advertise!

FIND A BROKER

Markets.com easyMarkets
IQ Option 24option.com City Index