GKFX Prime Review
GKFX Prime Review
The company GKFX Prime was rebranded to GKPro in late 2017, providing traders around the world with access to global financial markets. The main goals of the company are first and foremost to become a leading brand for financial market services with its huge investments and exceptional personnel- many of which have over 20 years of experience as senior specialists in this field.
Moreover, they make use of cutting-edge technology which strengthens their broker position in the market while expanding their influence at once. All things considered, it is safe to say that we can place our trust in them when handling online trading or any other kind hereof.
GKFX Pros and Cons
GKFX is a reputable and well-regulated broker authorized by FCA. It provides a comprehensive trading solution for investors with easy, average trading costs and powerful software to use.
On the negative points proposal are different in each entity: there is no 24/7 support, and spreads might be higher for some instruments
Awards
The broker is currently young, but with its rapid development strategy, it has already been recognized by various international awards.
Is GKPro safe or a scam
GKFX is not a scam. You can have high confidence when you invest in low-risk options, because the security of all processes is guaranteed under legal terms and full regulation by major world regulators- like FCA (The Financial Conduct Authority), an independent non-governmental body that has statutory powers given to it by the Financial Services and Markets, registered as number 501320.
In addition, there are also a few other company co-regulators BaFIN (Germany), CNB (Czech Republic), Národná Banka Slovenska (Slovakia), and CNMV (Spain). Besides this, MFSA in Malta serves the GKFX Europe branch too.
Moreover, the additional entity GKFX helps serve is registered on BVI offshore authority; while these requirements for offshore compliance are much lower than those from reputable FCA since they comply with both their standards without worries about their best practices being met too!
Instruments
Naturally, GKFX pays a lot of attention to the security and transparency of their client’s funds. To this end, there are strict regulations concerning how retail clients’ funds are managed- they’re held in segregated accounts while authorization requires traders to be under Financial Services Compensation Scheme (FSCS).
Leverage
The leverage levels will depend on the regulation your account is opened under. For example, GKPro’s main entity–following FCA guidelines–may offer a maximum leverage of 1:30 for Forex instruments and up to 1:5 for stocks. However, if you’re registered in BVI territory then you can sign up with what may be the highest possible level of leverage at 1:1000! Remember that high risk comes with a higher reward so use it wisely; otherwise, the rapid loss might happen instead.
Account types
The GKFX team offers various types of accounts for both retail and corporate clients to suit trading needs and accomplishments. A successful choice, in this regard, is dependent on many factors such as the level of risk involved or the size of your investment.
- STANDARD FIXED
- STANDARD VARIABLE
- ECN ZEROVIP
- VARIABLE
Fees
GKFX fees and costs are mainly built into a spread. It is important to consider GKFX’s other charges like funding, swap, and inactive trading fees when comparing brokers. Below is how their trading fee compares against the competition.
| Fees | GKFX Fees | Price Markets Fees | AvaTrade Fees |
|---|---|---|---|
|
Deposit Fee
|
No |
No |
No |
|
WIthdrawal fee |
No |
No |
No |
|
Inactivity Fee
|
yes |
yes |
yes |
|
Fee ranking |
Average |
Low
|
Average |
Spreads
GKFX accounts allow for trading with micro and standard lots, at the same execution quality as larger lot sizes. High leverage in forex is available on these accounts, along with a range of tools to help traders succeed.
In addition to that good bonus strategy is their cost management options: variable spreads or fixed spread – whichever you prefer! There are some high-costs found in GKFX’s typical spreads but also have been higher than average compared FP Markets’ fees below.
The point being this comparison between brokers will be different for each trader though it can still provide helpful information about what might work best for your needs and preferences!
Deposits and Withdrawals
The quickest way to deposit funds into your GKPro or GKFX account is by using a credit/debit card, e-wallet card, or bank transfer if you can wait up to 5 business days.
Minimum deposit
There is a minimum deposit of 20 GBP/EUR/USD for card payments, while Bank Transfer has a 25$ minimum.
| GKFX | Most Other Brokers | |
|---|---|---|
|
Minimum Deposit |
$20 |
$500
|
Withdrawals
GKPRO withdrawal options are Bank Wire and Cards. GKFX does not charge any deposit or withdrawal fees for any of the payment methods, and will take multiple currencies- USD, EUR, or GBP. When you want to withdraw funds with a minimum amount of 50 GBP/EUR/USD unless you request your full balance.
Trading Platforms
GKFX GKPro, the forex company’s main platform for customers to make transactions. This is best forex broker market is MetaTrader4 (MT4). MT4 offers a full-featured trading platform that has attracted many users due to their different experience levels. The exciting part about this particular broker is they are one of few brokers who provide an MT4 platform for spread betting.
With our modern way of living and so traders can stay on top of things while on-the-go, mobile apps and WebTrader offer great flexibility to clients’ lives beyond your PC screen. Another advantage with GKFX Multi Terminal which provides up 100 MT4 accounts as well as features enabling you manage them simultaneously, providing a solution for traders working with many accounts at once.
Web Platform
You can trade using one-click trading, seamless social trading, black and white HTML5 charts, or advance charting tools. This powerful site also gives you useful analysis tools like Market Insights (the latest forex news), an economical calendar that monitors your trades every day with advanced data analytics/trading insights provided by Recognia as well as Tradeworks (trade automation) and MT4 Booster which provide new ways of monitoring your trades.
Conclusion
Overall, GKFX or GKPro offers a strong technological background. All platforms demonstrate great trade execution and allow all trading styles. Micro lots, low spreads, and a 0$ minimum deposit are very attractive to new traders too. Experienced traders can find an array of useful tools as well as reliability here.
Despite the grand ambition of its creators when it comes down to practical operations this company does not fare so well; in fact, its reputation is at stake for many reasons: quality control procedures are often perceived by customers as being inadequate; fees seem high because other brokers have lowered their rates in order to compete with market leaders like Interactive Brokers (IB); customer service representatives come from overseas leading sometimes less than satisfactory communication
