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GKFX Broker Review

Review By: Alan Little Review Updated: March 15, 2020

Address: AKFX Financial Services Ltd. Level 4, The Penthouse, Ewropa Centre, Triq Dun Karm, Birkirkara BKR 9034, Malta

Forex ETF CFD Crypto Commodities

Spread

1

Max. Leverage

1:300 Pro

Deposit Protection

£50,000

Min. Deposit

£100

Spread

1

Max. Leverage

1:300 Pro

Deposit Protection

£50,000

Min. Deposit

£100

Spread

1

Max. Leverage

1:30

Deposit Protection

£50,000

Min. Deposit

£100

Spread

1

Max. Leverage

1:300 pro

Deposit Protection

£50,000

Min. Deposit

£100

Our Overall Rating

Rating 4
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GKFX is a trademark and trading name of AKFX Financial Services Limited, which is based in Malta and is a fully licensed Category II Investment Services Company, authorised and regulated by the Malta Financial Services Authority (MFSA). Founded in 2013, the firm offers a wide range of tradable instruments, a choice of account types, tight spreads, and the well-respected MT4 platform. There are no commissions on most account types, and you can trade from 0.01 lots, with leverage of up to 400:1 available on some products.

Commissions & Fees

Rating

GKFX offers competitive spreads, from 0.6 pips on some instruments. Spreads are dynamic and vary according to market conditions, so always check current spreads for the instruments you are trading. GKFX offer a zero-commission model on their Standard and Corporate accounts, taking their profits purely from the spreads. There is a commission charge, which depends on the instruments you are trading, with the Premium account model, but this account type offers raw spreads, and commissions can be as low as 6 Euros per lot. Swap positions will incur a financing fee. The minimum deposit for a standard account is just 100 Euros.

Platforms & Tools

Rating

The broker offers the ever-popular, and highly versatile MetaTrader platforms, with access to both MT4 and MT5, available for all major operating systems and devices. As MetaTrader enthusiasts know, these platforms are award-winning, and highly intuitive, incorporating a range of charting tools and technical indicators, and integrating well with third-party apps and add-ons. The company also offers a WebTrader option, allowing access to the MT4 and MT5 platforms without having to download and install them on your devices, if this suits your needs better. It should be noted that the platform provided is the basic version. More advanced traders may feel the need to customise it and add extra trading tools.

Customer Service

Rating

Customer support is available 24 hours a day, 5 days a week, from 10 pm Sunday to 10 pm Friday. As is the case with most brokers, GKFX seem to be aiming to offer support when the major trading markets are open, across the globe. Support is available by phone or email, or by completing a form on the website. There is a live chat option which can be accessed from the footer of the website, but during our tests, it frequently stated that online support was currently unavailable. Responses to email support requests are fairly prompt and helpful. There does not seem to be any form of support at weekends, even for crypto customers, bearing in mind that crypto markets remain open 24/7.

Final Thoughts

GKFX is relatively young and still growing online broker with a good range of instruments and a decent choice in account types. They also offer a demo account which is always useful. Spreads are competitive, and commissions, on the accounts that they apply to, are fairly low. The MT4 platform is well-regarded worldwide, and many traders will already be familiar with its features. The company is fully regulated by the MFSA, and a low deposit requirement on standard accounts means there is no real barrier to getting started. A few improvements could be made to customer support, but overall GKFX is a broker worth considering.

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