A wide range of deposit methods is available to FX traders, including bank transfer (GBP/EUR/USD) with a minimum transfer amount of $50 and no maximum. There are no transfer costs and transaction times take up to 5 business days. On those options, there is a minimum deposit of $20 and a maximum of $5000 and transaction times are instant. Accepted credit cards and debit cards include solo, Maestro, MasterCard, Visa, Visa Delta, Visa debit, and Visa. Like many other online trading platforms, GKFX offers a variety of account types.
The MT4 platform is very popular, used by millions of forex and CFD traders worldwide. It is known for its speed, intuitive interface and comes with professional features to suit the needs of a wide variety of traders. The MT4 platform supports over 35 languages and it is available on web, desktop and mobile. The MFSA regulation entitles GKFX clients to the ‘Investor Compensation Scheme’ which is accessible if the broker becomes insolvent in the future.
One notable drawback is that GKFX only denominates accounts in USD, EUR, and GBP, so traders will be charged a conversion fee for accounts in other currencies. Furthermore, Malaysians are not offered negative balance protection, meaning that they can lose more than their initial deposit.
Before deciding to trade foreign exchange you should carefully consider your investment objectives, level of experience and risk appetite. I have completed their short course, passed their test and after sending my proof of Id documents, Foreign exchange reserves the bonus was credited to my account. They sent me a withdrawal code by postal, not by email shows their concern about their client’s money and want it to be secure without hacking the account by unauthorized people.
Corporate Accounts – that the spreads are low as 0.6 pips using a minimal size of 0.01 without a minimum opening deposit. So anyway, long story short, tried to withdraw, they processed for me on the same day in a matter of a few hours, maybe it’s Skrill, so if you deal with this broker, this forex method might be the viable option for you. I believe neteller, webmoney and other wallet-type fund methods would yield relatively the same results . I fully expect your funds to be delayed should you go with wire transfer. Some products offered on GKFX are subject to a commission deduction.
It is relatively easy to get in touch with customer support for any technical, banking, registration or account information. Traders will be required to register at GKFX to access the demo trading platform and the live account, and all the attendant features. All information on The Forex Geek website is for educational purposes only and is not intended to provide financial advice. Any statements about profits or income, expressed or implied, do not represent a guarantee. Your actual trading may result in losses as no trading system is guaranteed.
Does Gkfx Charge Any Commissions?
GKFX does publish an order execution policy, but the execution model was not mentioned. For card payments, there is a minimum deposit of 20 GBP/EUR/USD, while Bank Transfer is set to a minimum of 50$. Further on, when you want to withdraw funds, the minimum amount for a withdrawal request is 50 GBP/EUR/USD, unless you are requesting your full balance. In addition, if you wish you can also choose Sirix WebTrader, based on GKFX Forex Broker Review MT4 desktop platform solution, but with the added flexibility of platform access from any web-enabled PC. When using the Sirix WebTrader, you have the option to trade using one-click trading, seamless social trading, black and white in HTML 5, and advanced Charting. With the modern way of living and for the traders benefit, the mobile apps and WebTrader online platform offer great flexibility to the clients’ on-move.
- actually back a few years ago i lost a lot of money trading eur/aud around -40k loss.
- The MT4 platform supports over 35 languages and it is available on web, desktop and mobile.
- What I like most about the broker is that it doesn’t take any commission when you want to withdraw money.
- GKFX Prime is a broker in its prime, and the company understands the significance of offering an excellent customer service experience to build up a good reputation.
- The GKFX MetaTrader 4 platform can be downloaded for free on Windows, Mac, and Linux computer operating systems as well as from the Google Play Store and the Apple App Store for Android and iOS mobile devices.
- If traders are new to trading or looking to practice trading strategies in a risk-free environment, they can create Demo Account.
It’s completely licensed and regulated by the FCA, and compliant with regulatory standards. Low spreads and high-risk enable traders to profit from the countless chances in the trading currency stadium. In addition, a demo account and also a live accounts is obtained, which makes it simpler to clinic trading on the web. A vast assortment of deposit techniques is open to FX traders, for example bank transport (GBP/EUR/USD) using a minimum transfer amount of $50 no max. You can find no transport expenses and deal times occupy to five business days. Different options include credit card processing, bank card along with E-Wallets.
Overall, the GKFX global trading brokerage is of premium quality and can be trusted to provide reliable trading services with favorable trading conditions. The broker features one of the best online trading platforms in the world and supports a decent array of tradeable assets. The level of customer support is phenomenal, and the brokerage is very fair, safe, and secure. All in all, if you’re looking for a reliable and competent trading brokerage to deal with, you cant go wrong with the GKFX trading broker. GKFX is an innovative pioneer in the online trading industry and has been confidently providing trading services in the financial markets since their inception in 2009. The brokerage facilitates the trading of forex and CFDs on a wide array of financial instruments across the global markets. The GKFX brokerage is owned and operated by GKFX Financial Services Ltd. which is a wholly owned subsidiary of Global Kapital Group.
One should know that Forex trading or any other kind of trading involves high risks, and is not suitable for everyone. Before trading Forex or any other financial tool one should be aware of the risks, know exactly his investment goals and limits and acquire a fine level of risk understanding and risk management. GKFX facilitates CFD trading on a variety of markets, including indices, cryptocurrencies, commodities, and currency pairs. However, traders are urged to exercise extreme caution when trading CFDs on GKFX as sometimes losses can exceed deposits. GKFX is still a young Forex broker, but the Internet already offers quite different reviews about it. Forex is a high-risk trading instrument and is not suited for all traders and investors.
Trading leveraged products may not be suitable for all investors. Before trading, please take into consideration your level of experience, investment objectives and seek independent financial advice if necessary.
The foreign exchange market is a currency changing market which allows individuals to earn extra money on a side. Therefore, the market is very competitive, and many brokers and traders are trying to get the best deals for themselves. As a result, many companies both legal and illegal developed for the past several years.
Beware From Gkfx Prime No A Honest Broker Service Use: Livelength Of Use: 0
All contents on this site is for informational purposes only and does not constitute financial advice. Consult relevant financial Retail foreign exchange trading professionals in your country of residence to get personalised advice before you make any trading or investing decisions.
Demo trading accounts can be a good way to practice using the different trading platforms and trading strategies before trading with real money. As you can see, GKFX’s minimum spread for trading EUR/USD is 1.5 pips – which is relatively high compared to average EUR/USD spread of 0.70 pips. Below is a breakdown of how much it would cost you to trade one lot of EUR/USD with GKFX vs. similar brokers. At the same time, BVI company accepts European traders, so one can open a trading account there. They represent advanced and beneficial financial market services in addition to high-tech and secure trading platforms. Even in volatile markets GKFX offers fixed spreads to its clients without charging commission.
A large international company, GKFXhas been operating on the market since 2009. It’s represented in many countries, including Russia, Poland, France, Germany, Holland, Great Britain, Greece, etc. The broker is geared toward becoming the largest brand offering expanded services in the financial markets. Investments as well as coordinated work of top-notch professionals help to strengthen positions and expand the sphere of its influence. When it comes to trading the markets, it pays to make use of as many tools and research as possible. And if they come free as part of your account package then even better. GKFX have made a good number available for all their account holders, in order to help provide both fundamental and technical insights.
Besides, this compensation scheme allows all retail clients to claim up to £50,000 should GKFX have any financial difficulties and is not able to repay what it owes to clients. This site provides unbiased reviews and may be compensated through third party advertisers. This compensation is not an endorsement or recommendation and TheForexGeek.com is not responsible for these websites. Whilst most of this websites data has been verified directly from external providers, it can occasionally vary. This website is not responsible for any incorrect or outdated information within any of its pages and you should confirm all data and information directly.
In addition, price chart is also usually provided with some analytical tools to help you analyze the price movement, so you can increase your profitabiliy by placing well-planned trades. Please make sure your comments are appropriate and that they do not promote services or products, political parties, campaign material or ballot propositions. Comments that contain abusive, vulgar, offensive, threatening or harassing language, or personal attacks of any kind will be deleted. Comments including inappropriate, irrelevant or promotional links will also be removed. In case this is related to a technical glitch it should be corrected; otherwise, they need to be removed.
Autochartist is available as an MT4 plugin and also a web application. It gives daily market reports on forex, indices, commodities, stocks, etc. Autochartist gives up to 3 reports everyday as well as reports on upcoming economic events and forecasted market movements. I have been in trading business for almost 30 years and the latest 15 years of this period has been devoted to foreign exchange trading. Autochartist is an award-winning automated technical analysis tool that works with MT4 and identifies trading opportunities across hundreds of financial instruments. Autochartist is free to any AvaTrade client making a 500 USD deposit.