DESCRIPTIONAtoZForex GKFX review intends to deliver third party independent review of FCA UK authorized Forex broker GKFX Financial Services Ltd (trading as GKFX), their products and customer service. Formerly known as Smart Live Financial Services Ltd, GKFX has been around since 2010. They are an FCA UK authorized online Forex trading company. GKFX offers advanced online Forex, CFDs and Commodities trading platforms and financial services to investors globally. While GKFX Headquarter is in Bevis Marks,House 24 Bevis Marks, London, EC3A 7JB, United Kingdom, they also have 20+ offices globally serving traders all over the world with FCA UK coverage. Do you have trading experience with GKFX?
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GKFX review...GKFX is an FCA UK authorized FX and CFDs offering financial services provider with their headquarter in London, UK. GKFX history starts from 2009. GKFX provides three basic account types for retail traders: Variable, Fix and VIP. However, the company has also a set of products for institutional traders which is offered under Corporate account title. If you are an Islamic trader and want to make sure that you trade with a Sharia-compliant Forex Broker, GKFX also offers Swap-free (Islamic) accounts. GKFX accounts do not have commissions. GKFX provides three basic account types: Variable, Fix and VIP. Additionally, there is a Corporate account and also a Sharia-compliant Swap-free (Islamic) account. All of them provide commission-free trading. Meanwhile, if you are UK based investor, you can open GKFX Spread Betting account and enjoy the tax benefits as well. While conducting GKFX Review we tried to use various contact methods company offers. The fastest way to talk to someone from GKFX was live chat and phone call. However you can also visit one of their 20+ offices or their headquarter in Bevis Marks,House 24 Bevis Marks, London, EC3A 7JB, United Kingdom. You can also send an email to GKFX support via firstname.lastname@example.org or reach GKFX funding department via email@example.com. To sum it up GKFX customer service was strong and prompt at the time of AtoZ Forex approval testing. GKFX AtoZForex approval test included a questionnaire that we sent to the company. After we received the questionnaire, we sent two of AtoZForex.com professional traders (one from the UK for Spread Betting account and another from a different EU country) to deposit and trade with the GKFX for a total of 15 days and withdraw at the end of three weeks period. As a part of GKFX review we have also asked 100 random traders from various countries the following questions:
- Do you have or have you ever had an account with GKFX?
- Is GKFX a reliable Forex Broker?
- Is GKFX a scam Forex broker?
- Is GKFX customer service reliable?
- Does GKFX provide deposit insurance?
- If you have had account with GKFX, how would you review GKFX trade execution and liquidity?
GKFX Regulations reviewIn terms of regulation, GKFX Financial Services Ltd. Is authorized and regulated by the Financial Conduct Authority. GKFX FCA registration number is 501320. While their registration number is 6837942. Additionally, GKFX holds further regulations, licenses as well as authorizations from BaFIN (Germany), JFSA (Japan), ASIC (Australia) and the SFC (Hong Kong). As a part of their global regulatory coverage, GKFX has offices in Amsterdam, Beijing, Bucharest, Cairo, Dubai, Frankfurt, Hong Kong, Istanbul, Johannesburg, Lima, Madrid, Manila, Mexico City, Milan, Moscow, Paris, Prague, Santiago, Shanghai (Pudong & Puxi), Stockholm, Sydney and Tokyo. And this makes GKFX one of the few global Forex leaders.
Is GKFX a reliable Forex broker?GKFX is a FCA UK regulated Forex Broker offering Forex , CFDs and Spread Betting trading with FCA reliability. Like other AtoZForex approved Forex brokers, GKFX pays special attention to their client fund safety. GKFX provides high end financial security and transparency combined with FCA UK trust. Being an FCA UK authorized entity GKFX Financial Services Ltd. must follow those of FCA UK ethical, security and transparency standards. UK-based brokerages must hold a minimum of €730 000 net tangible assets as a part of their financial stability requirements. They must also keep client funds in segregated bank accounts. Additionally, FCA authorization involves extra fund security for traders, as they fall under the Financial Services Compensation Scheme (FSCS). Thus, as a part of the FSCS scheme GKFX clients would also be subject to up to £50,000 compensation per person in the event that a broker becomes insolvent.
GKFX Trading Platforms reviewIt is not just Forex you can trade! GKFX trading platforms enable traders trade not only Forex but a variety of financial instruments. GKFX MT4 trading platform GKFX is majorly an MT4 Forex broker. They offer MT4 for desktop, MT4 mobile, MT4 web and MultiTerminal. Via GKF MultiTerminal you can trade and control up to 100 MT4 accounts simultaneously. The MultiTerminal interface is very similar to the MetaTrader 4 Client Terminal, making it easy for any trader to get acquainted with this program. It is therefore a good fit for fund managers. However, if you get stuck anywhere firstname.lastname@example.org is going to be there to help you
GKFX account typesGKFX offers three different account types for retail traders and a corporate account option for the institutions. You can have your accounts either in Euro, USD or GBP. In order to open a live GKFX account you will need to deposit minimum of $1000. For retail traders there are 3 different GKFX account types:
- Fixed GKFX Trading Account: there is no minimum deposit, and you have Fixed spread
- Variable GKFX Trading Account: there is no minimum deposit, and you have variable spread
- VIP GKFX Trading Account: Your deposit need to be over $25K and you get a variable spread
GKFX Trading Conditions reviewDuring GKFX review we also checked GKFX trading conditions. As a summary, we can say that GKFX offers fair trading conditions for every kind of trader. However, the Forex market is risky no matter how fair your broker or unfair your broker would be. That being said, you should never invest the money you can not afford losing. GKFX has a strong technological background. They have a strong list of liquidity providers and a strong IT support team. GKFX accounts showed to have extremely low latency, appealing spreads. Additionally, GKFX allows all trading styles, including news trading, scalping, hedging and EA trading (Expert Advisers).
GKFX Customer Service reviewBrokers must pass customer service test in order to receive AtoZForex approval. GKFX Customer care team is multilingual. During the course of GKFX review, GKFX representatives were able to assist our testing team in English, French, German, Italian, Spanish, Arabic, Russian and even Chinese (Mandarin we are talking about). What we liked the most is that they have set guidelines and everything you need to know can be seen on GKFX official site. And if something is not clear, traders can reach out to GKFX customer support via email, phone, or even drop by their office in London (we kind of suggest doing that if you are in London). As a GKFX trader can also request a callback from GKFX if you prefer to save on your telephone bills or just hup on a live chat
GKFX review: Pros
- FCA UK difference: You trade with a London broker
- One platform on every device: Your account is reachable from mobile, tablet or laptop
- Interbank trading conditions: You get access to Tier1 banks liquidity
- Customer service: Your broker is there whenever you need them
- No hidden promotion T&Cs: GKFX does not offer catchy promotions with impossible T&Cs
- Spreads: There is no hidden cost on your trading
GKFX review: Cons
- US clients: GKFX does not accept US traders
- Spread: Some of the pairs have high spread, but security is not for free, right?
- Account opening process: Account opening takes slightly longer than usual, however it is a standard for every FCA UK authorized entities
GKFX FAQsThe following are some of the most common FAQs and their answers: - Is GKFX regulated? Yes, GKFX is an FCA UK authorized Forex and Spread Betting broker. - How safe is GKFX? Is GKFX scam or reliable? GKFX is a London broker. They are serious about the service they provide. Your personal data is also in secure hands, as they use top of the line digital security. They also use SSL certificate on the website to protect your digital footprint. As a part of the GKFX review process we concluded that GKFX is a reliable Forex broker. - Where is GKFX located? GKFX offices GKFX headquarter is in London, UK and have offices in 20+ other locations. - What kind of broker is GKFX? GKFX offers ECN/STP account types with variable or fixed spread options, GKFX does not charge commission and make their earning on the spread. - What is GKFX deposit process like? In order to deposit you must first have a live GKFX account which has passed the KYC documentation. You can use, Credit cards, e-wallets and wire transfer to fund your account. The fastest way to deposit your GKFX account is using card deposit method or e-wallets. You will see your deposit almost instantly. - What is GKFX withdrawal process like? Your withdrawal is similar to your deposit. You will withdraw the exact size of your deposit on the method you have used. You can withdraw your extra profit via bank wire as a common regulatory requirement. - Is GKFX reliable? Yes, GKFX is reliable. The company has a good reputation in the industry. And is subject to Investor Compensation Scheme as well. - Does GKFX offer MT4? Yes, GKFX offers MT4 desktop, web and mobile. - What is GKFX’s Forex Leverage? GKFX offers 1:100 – 1:400 leverage, however you can request to make changes to your leverage. - What are GKFX swap rates? Unless you have an Islamic account you are subject to swap rates for your overnight positions with GKFX. The GKFX swap rates depend on the financial instrument you trade, the volume and the order type (long or short). GKFX swaps will be charged or credited at rollover (10pm UK time) automatically. Additionally, either on Friday or Wednesday you will also see 3 days worth of swap rates. The 3 day swap charging depends on the product group. You can find your GKFX swap rates on your MT4 directly: View > Symbols > Open product group > Select product > Properties. Alternatively, you can right-click on the selected product in the MT4 Market Watch window and select Specification. - What is GKFX Live LiveSquawk offer? GKFX Livesquawk tool is a key tool for all traders wanting to keep one step ahead of the market. The Live Squawk news team analyses feeds from all major newswires and other media services to alert you about important headlines with market-moving potential. News stories are announced live through an audio service. - How do you join GKFX daily morning briefing webinars with James Hughes? James Hughes provides GKFX daily morning briefing webinars via GKFX webinars on daily basis. Join James Hughes GKFX daily briefing webinar here. - How to get GKFX TC technical analysis MT4 indicator? GKFX TC technical analysis is a technical analysis tool helping traders with their daily market analysis. Trading Central MT4 indicator, meanwhile, is a simple Forex Indicator (see more Free Forex Indicators) and is located in the GKFX MT4 platform's Navigator under Indicators: TC.TechnicalAnalysis. All you have to do is drag and drop the GKFX Trading Central Forex Indicator on your GKFX MT4 trading platform. - How to get Autochartist with GKFX? You can get Autochartist with your GKFX account as a web platform. Meanwhile, you can add Autochartist directly into your charts with the Autochartist indicator for MT4 as well. - What are the advantages of GKFX MT4 booster? There are 9 additional MT4 applications inside GKFX MT4 booster package. These applications aim to enhance your trading performance. However, you have to have minimum of $2500 deposit in your GKFX account to get the MT4 booster package. The following are the GKFX MT4 booster package features:
- Alarm manager
- Trade terminal
- Correlation matrix
- Correlation trader
- Sentiment trader
- Market manager
- Session map
- Excel RTD
- Mini terminal
GKFX review conclusionBeing a London based online Forex broker GKFX holds an FCA license. Due to the FCA UK authorization and reporting and a strong management as well as technical backbone of the company at AtoZForex we have concluded that GKFX is a reliable Forex broker. The company gets extra trust reputation due to its extra set of regulated branches throughout the world as well.
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