This broker was not featured in our 2022 Broker Review Audit. This is because, in the past 12 months, it has failed to pass our initial screening process and is not recommended by our team of experts. As such some of the information found here may be out of date.
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GKFX Financial Services Ltd is a company with its base on one of the biggest financial centres in the world. Its main offices are in the heart of London, but it also has offices in major cities across the globe. Licensed and regulated by the FCA, it offers trading services for both institutional and retail clients. On offer are a great range of assets including foreign currency pairs, indices, equities, and commodities. Like a number of other brokers, GKFX appreciate the worth of sponsorship deals in raising their global presence, and have recently entered into a 3 years sponsorship deal with well known Italian football club AC Milan.
|Forex, indicies, commodities, shares|
GKFX operate using the popular MT4 trading platform
GKFX have decided to stick with a favourite, rather than worry about developing their own trading platform. And that really is no surprise, because a large percentage of brokers do exactly the same. What is it that makes MT4 so popular?
- It’s fast, reliable, safe and secure
- It has a user-friendly interface
- It provides a number of inbuilt trading tools, charts, and technical analysis
- It’s available in a number of different languages
- Available in a downloadable version, web based and mobile too
- It allows traders to work with a number of accounts at the same time
A range of accounts to suit different traders
It’s important for brokers to offer a range of different accounts, especially if they want to appeal to new clients, and GKFX have taken this on board. Account options include:
GKFX FIX account – No minimum deposit requirement, fixed spreads from 1.5 pips, minimum trade size 0.01 lots, leverage of up to 400:1, MT4 and WebTrader platform, 50 currency pairs, 5 commodities, 14 indices, 300+ equities
GKFX variable account – No minimum deposit requirement, variable spreads from 1.2, minimum trade size 0.01 lots, up to 400:1 leverage, 50 currency pairs, 5 commodities, 14 indices, but no equities
GKFX Swap Free account – No minimum deposit requirement, variable spreads from 2.5 pips, minimum trade size 0.1, leverage up to 400:1, 50 currency pairs and 5 commodities
GKFX VIP account – Minimum deposit $25,000, variable spreads from 0.6 pips, minimum trade size 1 lot, up to 100:1 leverage, 50 currency pairs, 5 commodities, 14 indices,
GKFX Corporate account – Minimum deposit $25,000, variable and fixed spreads from 0.6 pips, minimum trade size 1 lot, leverage of up to 400:1, 50 currency pairs, 5 commodities, 14 indices
GKFX offer clients a good range of trading and research tools
When it comes to trading the markets, it pays to make use of as many tools and research as possible. And if they come free as part of your account package then even better. GKFX have made a good number available for all their account holders, in order to help provide both fundamental and technical insights. MarketInsight keeps traders informed with the latest market news. Calculators help traders to calculate their potential. Trading Central provides analysis of the markets from Forex experts. And an Economic Calendar ensures traders never miss out on important events.
Aside from these tools there is also an extensive education section with webinars to help improve trading skills (although there are currently none scheduled), and MyFX which gives clients the opportunity to watch and learn from Forex experts through the medium of videos. GKFX actually take the education of their clients very seriously, which is always a positive thing. From the very basics right up to understanding economic indicators and more.
An extensive support section that should answer most questions
As well as the educational offering there is also a section dedicated to customer support. There is a page with frequently asked questions, a good explanation of the payments process, terms of business, and something we’ve never seen before, a page warning of the risks, rather than just a few small lines at the bottom of every page.
We’d be surprised if you ever needed to get in touch with customer support, because of such extensive information, but should you need to there are a number of offices you can telephone across the globe. There is also a contact form, with the opportunity to request a call back, as well as a live chat option.
We have to say we were pretty impressed with all that’s on offer from GKFX. Even though they are relative newcomers they seem to be working hard at retaining long term customers. As standard they offer top quality service and enough information to keep traders well informed. If you like what you’ve read so far, we would of course advise you to open a demo account first. As first hand experience is much more informative than reading about someone else’s experience. But we hope to have given you enough food for thought so you can make an informed decision.
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