GKFX - Forex Trading Review

GKFX is a London-headquartered online trading broker, albeit one with a firmly global emphasis. It is regulated by the key international regulators, including the UK's Financial Conduct Authority.
Although the company was also established in 2010, it has seen rapid growth, and now offers more than 600 products including not only Forex, but also CFDs, commodities, equities and indices.

Accounts

In contrast to many of its competitors that merely offer a choice of a free demo account or paid 'live' account, GKFX brings its prospective traders an extremely broad range of options.

Of course, the aforementioned two types of account are available, but as far as the latter category is concerned, those wishing to trade with Forex can consider the merits of a Spread Betting Fixed account, for example, that offers spreads from 0.4* pips and a minimum lot of 0.10p.

Or perhaps you feel that you would be better served by a Spread Betting, Fixed, Variable, VIP or Corporate Account? GKFX gives you all of the options.  

 

GKFX screenshot

 

GKFX Bonus

GKFX does not appear to place a great emphasis on promotions, other than emphasising the tight spreads and free education that the user can take advantage of when they sign up for a Live Account on the site. 

 

Start Trading

 

Features

Various products can be traded on GKFX's platform, including not only Forex, but also equities, indices and commodities. Spread betting is possible on all of these markets with GKFX.

Naturally, Forex is the most relevant market for the purposes of this review. The currency exchange is GKFX's core business, and members of the site can trade more than 50 FX pairs, while taking advantage of low spreads from 0.6* pips and leverage of up to 400:1.

Zero commission is also charged on standard accounts, and advantaged charting features - specifically designed for active trading in the FX market - are available on the site's MT4 platform.

Platforms

You would expect a leading Forex broker to provide the most dynamic trading technology, and that is certainly evident from one glance at GKFX's range of available platforms.

MetaTrader 4 is no less than the highest-regarded trading platform on the planet, so it is pleasing to see it represented on GKFX in desktop, mobile and tablet forms. This platform is as accessible as it is sophisticated, offering everything that every level of user requires for online trading, technical analysis and automated trading.

The MetaTrader 4 Web Platform is also available for any GKFX live account holders, while WebTrader is another option, giving you access to the most customisable and sophisticated trading suite without the need to install any software on your PC.

Education

Any leading Forex broker should be expected to offer a decent education section, and that's certainly the case with GKFX, which provides various educational products to its traders, including courses, videos and webinars.

Whether you're interested in watching a video on the basics of Forex trading, consulting a glossary encompassing an A to Z of online trading terms or interacting more directly with an account manager as one of the site's webinars enable you to do, GKFX can answer your needs. 

 

GKFX screenshot forex trading

 

Deposits/Withdrawals

The deposit and withdrawal process is as easy to understand and follow as you would hope for with a site like this. Those using the MT4 WebTrader platform, for example, simply need to choose 'Deposit' from the interface's left-hand menu and select from the options that include a credit or debit card, bank transfer or e-wallet. 

The process is similar for withdrawing funds - there is a relevant section to which to navigate, and all withdrawal requests received on a business day before 2pm (UK time) will be processed on the same day.

Customer Support

Support can be accessed via the aforementioned interface or the main site. If it's the latter, the multilingual support team is available between 7am and 6pm, Monday to Friday, via phone, email or 'live chat'.  

A comprehensive database of Frequently Asked Questions (FAQs), ranging from "What is Forex trading?" to "What is the WebTrader and how can [I] access it?", is another key feature of GKFX. 

Bottom Line

GKFX is certainly a slick-looking and informative site, and the range of highly usable and fully-featured trading platforms should be well-appreciated by those looking to trade Forex.

Our experts here at Top 10 Forex Brokers UK wouldn't have minded seeing a greater emphasis on promotions. But with GKFX also offering comprehensive customer support and a far-reaching Education section, there's little scope for complaint if you are seeking a solid and dependable Forex broker. 

 

Start Trading

 

 

 

 

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