The pricing for crypto CFDs differs with the type of account. GKFX Prime has made all the necessary disclosures about its fee mechanisms. You can learn more about the spreads on crypto by clicking the ‘Spreads’ link under the ‘Trading’ tab on the GKFX Prime website. GKFX Prime is available in the EU , the GCC, India, Southeast Asia and the UK. Its platforms are multilingual, covering over 15 languages, including English, French, German, Chinese, Arabic, Vietnamese, Indonesian and Spanish.
Payments are accepted via bank transfers, credit card, local banks, and E-wallet. As with all other regulated brokers, customers must provide KYC documents which are in line with anti-money laundering laws.
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They do provide an excellent educational platform for becoming a successful trader, which is entirely free for GKFX Prime customers. Since the broker is new to the industry, they have developed a sense of responsibility towards maintaining a high-quality FX brokerage service to stay ahead of the competition.
This broker was not featured in our 2021 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 As such some of the information found here may be out of date.
Gkfx Prime Details
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GKFX Prime offers comprehensive and easily customisable charting software. As mentioned earlier, this broker provides MT4 and MT5 alongside its proprietary copy trading platform. It also offers third-party research tools such as Autochartist and Trading Central. Moreover, those without time to research can use the PAMM option to replicate the returns of expert traders.
Our insurance covers way above the threshold set by our regulator, BVI FSC. Track, budget, and manage your money from your phone with Mint for Android. Established in 2010, GKFX is a London-based brand with other offices in Frankfurt, Madrid and Dubai. The brokerage firm employs more than 400 people and has won many awards, the latest being Best Forex Platform by the ADVFN International Financial Awards 2017. GKFX is also an official sponsor of the famous Italian football club, AC Milan.
GKFX Prime offers an FAQs page, but it is not comprehensive. The verification process takes up to 24 hours, but users can proceed to deposit and demo trade as they wait.
The other group refers to novice brokers who simply take off as if they have been in business for years. GKFX Prime is one of the new brokers and how it has been doing can be found in the following GKFx Prime review where we describe the service package of this broker. Read our review and find out if GKFx Prime deserves a chance.
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While GKFX is a global trading provider that offers easy access to financial markets through industry-leading technology, it’s still a relatively new player in the online trading industry. However, GKFX is a fully regulated broker that seems to care about supporting its clients.
Gkfx Prime’s Competitors
The ECN Zero account is the most basic with floating spreads from as low as zero pips. It charges a commission of $10 per lot and is, therefore, a bit expensive when compared to competitors. With Family Sharing set up, up to six family members can use this app. The developer will be required to provide privacy details when they submit their next app update.
We strongly suggest choosing a broker that has gained a high score through excelling in all departments instead. To learn more about how we test and recommend brokers, read our methodology. Month over month change in total downloads for the publisher across all apps, as detected by Apptopia. Total number of technologies currently in use by this company, as detected by BuiltWith. Total number of products currently in use by this company, as detected by G2 Stack.
Easy Sign Up Process, Get Trading Within Minutes
There is also the fast deposit and withdrawal option which accelerates the payment process. Nevertheless, the broker should add one or two more e-wallets to its list. I couldn’t withdraw my money, moreover, this broker’s staffs always push me to very risk trade like USD/try and GBP/try with spread over 500point.
Want to find out whether GKFX is worthy of your time and money? You can find out all you need to know by reading our in-depth review. Taking into account that GKFX doesn’t demand a minimum deposit on most accounts and is one of few to offer MT4 for spread betting purposes, the broker certainly deserves its place in the market. The free education area is also a nice touch because you don’t have to be a GKFX client to use it.
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Moreover, it provides a wide range of educational resources covering beginner, intermediate and expert lessons. As mentioned above, this broker adopts the STP+ECN trading model and therefore offers floating and fixed spreads depending on account type. GKFX Prime commodities traders, on the other hand, can access popular offerings including gold, silver and crude oil.
As mentioned earlier, GKFX Prime offers over 400 tradable instruments in the world’s top financial markets. With this broker, you can access major global offerings, including stocks such as Facebook and Netflix. GKFX Prime indices include the S&P 500, and commodities such as US oil, silver and gold. Fixed spread and variable spread account types are offered to GKFX clients, with an optional swap-free option . GKFX offers three different standard account types to traders.
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GKFX Prime offers a variety of trading education materials covering beginner, intermediate and experienced trading education. The materials are available in PDF guides, e-books, video tutorials, an economic glossary, structured courses and webinars. GKFX Prime MT4 Fundamental analysis tools include an economic calendar and a regularly updated news portal. The web version is accessible from all major browsers, while the desktop app is compatible with both Windows and Mac devices.
GKFX Prime is a relatively large financial broker that has more than 400 employees located across the world. Having initially launched in 2014, the broker quickly spread out its operations to different countries across Europe, Latin America, Africa, the Middle East, and Asia-Pacific. The broker goes with the flow and offers the Meta Trader 4 trading platform in all its forms and versions. The MT4 is the platform of all platforms and is known for impeccable performance, advanced auto-trading tools, and clear interface. Traders cannot get bored with this platform which meets the needs of beginners and professionals.
It also offers third-party social trading platforms such as AutoTrade and ZuluTrade. It’s worth noting that the spreads for the Standard Variable account are floating, while those of the Standard Fixed account are fixed. The average spread for the EURUSD pair when trading with this broker through the Standard Variable account is 1.3 pips.
We also like that traders can trade in micro lots, as well as the wide choice of trading accounts on offer. Customer support is good and available in over 30 languages too. Although GKFX is still considered a ‘newish’ kid on the block, we believe it offers more benefits than some of the leading brands out there today. Each account type comes with its advantages and requirements. The ECN Zero account seems to be the best fit for beginner traders. Regarding trading platforms, GKFX Prime offers MT4/MT5 and also a proprietary copy trading platform. MT4 is the industry standard and is what most brokers and traders prefer.
GKFX Prime, while not condoning the use of ‘scalping’, especially in tandem with Expert Advisors, does not forbid it. We reserve the right to switch off the Expert Advisor functionality for any client who we, at our sole discretion, feel is abusing that facility, or may abuse it in the future. We may also, or instead of, move a client to a direct market access pricing mechanism, known as STP , which will only fill their orders if they can be simultaneously hedged in the global market place. This may also mean the spread for that market will be wider.
Account funding through bank transfer and e-wallets may take some time to process. GKFX Prime supports credit cards and bank transfers for withdrawals. As mentioned earlier, this broker doesn’t charge any deposit or withdrawal fees.
Moreover, it allows traders to automate trading through what are known as Expert Advisors . It also comes with a variety of technical and fundamental analysis tools, including Fibonacci and Gann-based tools. Furthermore, it has over 80 pre-installed indicators, a market watch and navigator window, and a comprehensive charting system among many other features. The VIP Prime account requires a minimum deposit of $5,000 with floating spreads from as low as 0.6 pips and zero commissions. VIP Prime account holders enjoy additional benefits, including more specialised and comprehensive educational materials, trading tools and VIP customer services. GKFX Prime offers a Multi-Account Manager option for clients interested in professional funds management. Consequently, it is fit for expert traders looking to make money managing clients’ funds.