For additional choices, we encourage you to explore our trading broker reviews. GKFX Prime will appeal to traders looking for a regulated MetaTrader broker with copy trading functionality, VPS hosting services, and a good selection of analysis tools. GKFX Prime’s trading costs are generally higher than average, but only one of its four account types requires a minimum deposit. GKFX Prime will appeal to traders looking for a regulated MetaTrader broker with VPS hosting services and a good selection of analysis tools.
Some of the most overlooked trading costs are the non-trading fees that are charged by brokers. These fees can significantly affect your profitability and so should be carefully scrutinised. Customer service is an important factor to consider when choosing a CFD (Contract for Difference) broker. Existing and potential clients of GKFX Prime can contact the broker via live chat, email, and over the phone. GKFX Prime serves clients in more than 20 countries, speaking 12 languages to provide the best customer experience. We are working hard to shape the future of financial technologies industry.
Islamic Account Brokers
GKFX also offers some useful additional features, including a glossary of trading terms and economic indicators, video seminar courses, and webinars as part of the learning academy. Users can also access an economic calendar plus margin, profit, and currency calculators. The markets and the number of offered instruments will depend on the account jurisdiction and also the type of account. All our funding and withdrawal requests were completed without any issues. The retail account types offered by GKFX vary with each regulated entity. The broker, however, charges commission on its higher-tier accounts with low spreads.
MetaTrader 4
Once you have your login details, you can trade in USD, GBP, or EUR, and access virtual funds up to 100,000. Discover the exciting opportunities of Forex markets with competitive prices on GKFX Prime. Enjoy deep liquidity, fast orders, and expert customer service with a truly global broker, present in 15 countries. Trade over 40 FX pairs with GKFX Prime to join the millions of Forex traders worldwide. The broker does not charge any deposit or withdrawal fees, and there are no maintenance or inactivity fees either. Spreads for our trades with forex, indices, stocks, and commodities remained stable with minor deflections for all asset classes.
AKFX is part of the Global Kapital Group (GKG), a multi-national company operating in 28 offices across 18 countries. Also within the GKG group is GKFX Prime and GKFX Financial Services Asia Limited, which have multiple offices across the Middle East, as well as in China, Vietnam, Thailand, Malaysia, Cambodia, and Indonesia.
Trading Brokers Trading Brokers is dedicated to bringing you unbiased broker reviews, the latest broker news and trading guides to help aafx trading review you along your trading journey. We have over 20 years of experience when it comes to trading online so we know what to look for. AKFX Financial Services Ltd is part of the Investor Compensation Scheme, a client protection program, designed to safeguard against financial failure or insolvency. As per MiFID and MFSA regulations, the brokerage also segregates client funds into separate bank accounts. AKFX Financial Services Ltd (GKFX) is a Category II Investment Services company and is regulated by the Malta Financial Services Authority (MFSA).
FAQs about GKFX Prime
- A back-testing capability is also included and can help new traders test their strategies.
- The broker does not charge any deposit or withdrawal fees, and there are no maintenance or inactivity fees either.
- She has a degree in Digital Marketing and a background in content writing and SEO.
- A well-regulated broker, GKFX Prime does not process payments to third parties.
As many other online brokers, GKFX has chosen the popular MetaTrader 4 (MT4) platform as its only trading platform. All trading accounts offered by the broker can be used with this platform, which is available in either downloadable or browser-based versions. Owned by a fintech fx choice review company which has a remarkable growth story, this broker contains the right ingredients to grab market share and grow into a considerably better brokerage than it currently is. Clients have access to over 600 assets across five categories and as GKFX grows, so does its asset pool. Trading conditions for clients are better in the Standard account than in the Corporate account while the Premium account offers very competitive commissions for raw spreads.
GKFX Prime offers trading on five different instruments, including Forex, commodities, indices, stocks, and cryptocurrencies (click here for more on GKFX Prime’s tradable instruments). GKFX Prime offers four live accounts and a demo account, and three of the accounts have no minimum deposit requirements. Overall, considering its history of responsible behaviour, strong international regulation, and wide industry acclaim, GKFX Prime is a safe broker to trade with.
GKFX Prime is a global CFD (Contracts for Difference) and Forex broker. The broker is serving clients from over 20 countries, allowing the trade of CFDs on stocks, commodities, cryptocurrencies, Forex, and indices. For all of our broker reviews, we research, validate, analyse and compare what we deem to be the most important factors to consider when choosing a broker. This includes pros, cons and an overall rating based on our findings.
The reasonable minimum deposit of 200 EUR makes the Standard Account accessible to beginner traders. The broker has a large presence in Europe and multiple countries around the world. This review looks at their MetaTrader 4 trading platform, account options, spreads, and more. The broker accepts deposits and withdrawals in USD, EUR, and GBP free of charge through either bank transfer, payment cards, or the popular e-wallet services Skrill, Sofort, and Neteller. A minimum deposit of GBP/EUR/USD 20 applies to all payment methods, while for withdrawals the minimum amount is set to 50 of either currency.
There are 202 tradable instruments available for trading on Standard Variable accounts through the use of MetaTrader 4 and MetaTrader 5. The offered asset classes include CFDs on stocks, commodities, cryptocurrencies, Forex, and indices. Tools for market research and educational material are pretty extensive and great, and customer support is professional. With two live accounts, trading costs are around the industry average. GKFX Prime’s commission-free Standard Account requires a minimum deposit of 200 EUR, and spreads that start at 1.1 pips on the EUR/USD, which is wider than other similar brokers. GKFX Prime is a forex broker offering trading services in various markets, including forex, commodities, indices, stocks, and cryptocurrencies.
GKFX Prime offers a free unlimited demo account where users can practice trading on MT4/MT5 platforms with zero risks. Virtual funds of up to 100,000 USD/EUR/GBP are loaded onto the demo accounts. However, at GKFX Prime no fees are charged for deposits or withdrawals, and GKFX Prime does not charge inactivity fees on dormant accounts. This is a welcome development in an industry that charges fees on most transactions.
What leverage is offered at GKFX?
We aim to help you find the best broker according to your own needs. It is worth noting, however, that these regulators may not be as widely recognized or esteemed as others within the industry, such as the FCA in the UK or the ASIC in Australia. Consequently, traders seeking a higher level of reliability and trustworthiness in their broker options may wish to explore alternative choices. For a list of regulated brokers providing such alternatives, please refer to the resources available.
While MT4 remains the most popular trading platform, out-of-the-box it is an incomplete platform; this is particularly accurate for more advanced traders. Hundreds of millions have been invested in products and services created in the MT4 infrastructure which can transform it into a dominant trading platform. Spreads and commissions are applied to all trades, and these are the main revenue generator for GKFX. It also appears that this broker is a market maker which means it is usually the counterparty to retail positions and earns the money lost by its clients. GKFX does publish an order execution policy, but the execution model was not mentioned.
Our overall experience of opening a new account with GKFX was smooth and fast. For our tests, we opened an MT5 Standard account with AKFX Financial Services Ltd, which is regulated by Malta Financial Services Authority (MFSA) in Malta. GKFX is well-regulated with operating licenses from the financial regulators in the United Kingdom, Malta, the British Virgin Islands, Australia, and Cambodia. GKFX is a United Kingdom-headquartered forex and contracts for difference (CFDs) broker established in 2010. Finally, we withdrew our funds to see if there are any issues with the withdrawal process.
