GKFX Review

Richard Montana | August 12, 2022

GKFX is an online broker that is regulated and offers traders from around the globe access to trade a reasonable selection of over 500 instruments across multiple asset classes. You can choose to trade on desktop, web and mobile, via the popular MetaTrader platforms or the brokers very own innovative trading platform. I really appreciate how they provide a good variety of additional tools for enhanced market analysis including third party software from the excellent Trading Central and Autochartist. They are frequently sharing market research and insights from experts which can help to inspire trade ideas. Beginners will also be pleased to find some helpful educational content including guides and videos to help bring you up to speed. There is no minimum deposit to open a real account and you can always try the broker out with a free demo account to begin with to see if they live up to your expectations.

Pros & Cons
  • Great choice of modern and easy to use platforms
  • Over 500 financial instruments to choose from
  • Very competitive trading conditions
  • Get access to the brilliant Autochartist and Trading Central software
  • Comprehensive market research and analysis is available
  • Decent range of educational resources for beginners
  • Variety of account types and convenient funding options
  • Free demo trading accounts
  • Islamic accounts for Muslim traders
  • 24/5 support in 14 languages
  • Do not provide 24/7 support
  • Cannot accept clients from some countries
  • Certain account benefits require larger deposits
  • Could add some more trading instruments
  • Currently do not offer crypto funding

Summary

GKFX is a global online broker that offers individual and institutional clients with trading solutions for online forex and CFD trading. Built on the core virtues of integrity and quality services, the brokerage was founded in 2013 and has since grown into a well-known broker serving both retail and institutional clients from all over the globe. The broker has sponsored major sports teams and been recognised for its online brokerage services by industry experts. This helps to emphasise their reputation within the industry and is a testament to the services that they provide.

Trading Conditions

GKFX sources its pricing from top-ranked, regulated liquidity providers. Execution of client orders is also routed to the liquidity providers. Over 500 assets are available for trading on the provided platforms which are user-friendly and packed with all the tools that you need to analyse the markets and manage your traders. You can choose from popular instruments including forex, stocks, indices, commodities and cryptos. It is great to see that the broker also provides high quality standalone trading tools to assist you with finding trades and making informed decisions. The spreads are very low starting from just 0.1 pips whilst you can choose from a commission free account or pay a small fee for access to the lowest possible spreads. Anyone can start trading over 500 products with instant execution, top conditions and good customer service.

AvaTrade Logo

Our #1 Broker 2022
AvaTrade is an award-winning and multi-regulated broker offering a great selection of trading instruments including Forex, Cryptos, Stocks and Commodities. You can trade on all of your devices via user-friendly platforms with excellent trading conditions and no commission fees.

Between 74-89% of retail investor accounts lose money when trading CFDs with this provider.

Regulation

When choosing a trading broker, regulation is one of the first things that I look for. This is because I would always prefer to trade online with a regulated broker is it gives me confidence that they can be trusted with my funds. Regulated brokers must comply with rules and procedures that have been put in place to protect investors interests. I was pleased to see that GKFX is authorized and regulated by the Malta Financial Services Authority (MFSA). Malta is a European Union member and is compliant with the Market in Financial Instruments Directive (MiFID II). Whilst some may not consider this to be top-tier regulation, it is satisfactory from my perspective. If you are looking for alternative regulation, you may wish to consider AvaTrade as an alternative broker.

Funds

The MFSA regulation entitles GKFX clients to the ‘Investor Compensation Scheme’ (ICS) which is accessible if the broker becomes insolvent in the future. Eligible traders may be entitled to receive up to 90% of their investment worth. As directed by the regulators, clients’ funds are held in segregated bank accounts and are not used by the broker to run its daily activities. The deposits are only used to fund client transactions when they open and close positions on the trading platforms. Thus, clients’ deposits should not be used by the broker under any circumstances The broker must also abide by all other regulatory requirements which includes but not limited to AML, KYC, digital security, account audition and reporting.

Countries

Whilst GKFX serve clients in most countries, they are unable to accept traders from the United States and other countries where restrictions may apply. If you find that they do not serve clients in your country, then please feel free to browse our broker reviews for some other options.

Platforms

GKFX offers a dynamic environment for traders, using the latest technology in the industry. They have state-of-the-art platforms which can process orders instantly, giving you the edge, you deserve. Using the provided platforms, you can do everything from analysing the charts to placing and managing trades with relative ease. They are suitable for both manual and automated trading. You can access the platforms via desktop or mobile devices anytime, anywhere.

GKFX Trader

This is the brokers proprietary platform that gives you fast, easy and reliable access to the global markets. GKFX Trader can be your investment companion on the way to reach your short to long term financial goals. It supports quick trading, charts, news, and other functions with a fully customizable layout that you can set according to your preferences. The trading platform utilises simple to use order entry system to prevent you from getting lost in charts and numbers. I like how you can conveniently keep your most traded products in one place with personalised watchlist. When you are ready to place a trade, there are handy instant buy and sell buttons to open positions directly from real-time charts. This makes it quick and easy to trade online with minimal fuss.

GKFX Trader

GKFX Trader

You can manage funds and trade wide range of asset classes directly from GKFX Trader app without having to install any other applications. Users have a deeper understanding of potential investments with real-time market updates optimized to load quickly without wasting data. You are able to access more than a dozen customizable screens and indicators for wide range of trading strategies. I think this is a really modern platform with a simplistic interface that will make it a popular choice amongst beginners. The main disadvantage that I can see, is that it is only available through GKFX. That means you will need to learn a new platform from scratch, should you decide to change brokers at a later date.

  • A smooth and simple to use platform
  • Simple order entry system
  • Instant buy and sell buttons to open positions directly from real-time charts
  • Keep and display all your trading accounts and actions at one page
  • Personalise the interface so that you can control the layout of account, market, and trading information
  • Track everything with fully customisable watchlists, quotes, and charts
  • Choose between dark and light themes for your platform view and functions

MetaTrader 4 (MT4)

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. This is my platform of choice which I have used since I began trading many years ago. It can do everything that I need it to and more. I find it super convenient for building my own trading strategy templates for manual trading whilst it is also ideal for running my automated trading systems. I think this can be a great choice of trading platform for beginners.

MT4 WebTrader

This version of the MT4 is built with HTML5 which runs directly in the web browser. The MT4 WebTrader is designed to allow a trader to quickly monitor trades from any system or check the quotes and charts with another device. Trade positions can be opened, modified or closed from the WebTrader. Plugin apps cannot be installed on this version. Its major advantage is that it is compatible with all operating systems and all devices. No downloads or installations are required.

MT4 WebTrader

MT4 WebTrader

MT4 Desktop

This version of MT4 is designed for installation on the Windows operating system. It is the full version of the MT4 platform that is designed to be used on the traders’ computers. The application is user friendly and fully customisable to the trader’s individual requirements. A trader can choose his colours on the interface, charts and completely customise his own layouts and windows. The ‘Market Watch’ which displays all the assets and their real-time live quotes, can also be customised to show only the assets which interests the trader. One or more charts can be displayed at the same time. Each asset can be displayed on any of line chart, bar chart or candlesticks on any of the 9 timeframes available. About 30 technical indicators and 24 drawing tools are available for chart analysis. The number of the indicators can be increased to thousands by the use of plugin apps developed in the embedded MetaQuotes Language (MQL) editor. The MQL editor interface is used to script add-on apps that extend the features of the MT4. This also includes expert advisors (EAs) which can automate trading strategies on the MT4 platform. There is a strategy tester to test EAs over histrocial data. The MT4 platform has the ‘market’ tab where traders can get free or paid add-on apps like indicators, EAs, scripts, trading signals, etc. Entering positions is fast and easy with market orders, pending orders and risk management tools including stop loss and take profit.

MT4 Desktop Platform

MT4 Desktop Platform

MT4 Mobile Apps

This version of the MT4 platform is designed for clients who own Android and iOS mobile devices and need to trade whilst on the go. The mobile trading app is fast and easy to use. It connects with all MT4 real and demo accounts and shows the status of positions and accounts in real time. Live quotes and live charts of all the assets are displayed. Traders can easily enter positions using multiple order types and modify or close positions with a few taps. Charting is done on 9 timeframes with 30 indicators and analytical objects. The MT4 app is handy, efficient and used by millions of traders around the globe.

MT4 Trading App

MT4 Trading App

MetaTrader 5 (MT5)

MetaTrader 5 is the latest official release by software developer MetaQuotes. Both MetaTrader platforms easily cover the basics of online trading and provide top service for free. For most retail clients using basic functions, there is really no big difference in trading with MT4 or MT5. This is great as it means that once you master one of the platforms, you shouldn’t have any problem switching over to the other. Whilst MT5 does have more features and functionality, I have never felt the need to change over from MT4. I would say that MT4 is probably more of a forex trading platform whereas MT5 seems to be a popular stock trading platform.

MT5 Platforms

MT5 Platforms

MT5 WebTrader

WebTrader works with any browser or operating system and doesn’t require installing additional software to your device. The MT5 WebTrader is a secure and advanced platform, allowing easy access to your positions. It is available to all GKFX clients on MyGKFX. The platform can also be accessed by simply clicking the WebTrader link on the homepage. WebTrader has built-in privacy mechanisms and ensures a secure connection from your browser to GKFX trading servers.

MT5 Desktop

MetaTrader 5 builds on the solid foundations its predecessor laid in the trading business. The platform keeps all the good stuff MT4 had and even goes beyond! It comes with even better features and functions. You will notice that you can now open 100 charts at once with 21-time frames and many more indicators to choose from. This means that you can perform more complex chart analysis. MT5 is just as customizable as MT4 with a smooth user interface can be fully shaped to your taste so you can trade and analyse the way you want.

  • Trade FX and CFDs on commodity, share and index prices
  • Deep liquidity & market saturation
  • Supports Automated Trading (EA)
  • Quick access and execution

MT5 App

You can download the app for Android or iOS devices to access all the core functions of MT5. Manage your positions on your phone or your tablet. Using the MT5 app, you can open and close positions, get technical analysis and follow the latest economic news with just a few taps on your screen.

  • Trade anywhere and anytime
  • Smooth and slick design
  • Intuitive UX and simple UI
  • Available for iOS and Android

Tools

The platforms should have enough tools for most of you to get by with. You can also get plenty of add-ons for the platforms and even build your own. That being said, it is always nice to see a broker provide users with some additional tools to help with market analysis. GKFX is no exception, with some great tools for finding customised trading signals automatically.

Trading Central

Trading Central is a financial research and investment firm that provide in-depth technical analysis and other trading tools to traders and other investors. The analysis provided is on a wide variety of trading instruments including all forex major pairs, indices and commodities. GKFX provides the excellent Trading Central analysis to its clients in order to help them find potential trading signals and make informed decisions. The service can be easily accessed by the installation of the Trading Central plugin. Frequent updates are given on a daily basis. Audio market commentaries, technical analysis reports, technical indicators and pattern recognition tools are also provided. I think this is an excellent tool for finding trading signals without needing to stare at the charts all day long. I just wish every broker would provide free access to it!

Trading Central

Trading Central

Autochartist

Autochartist is a powerful technical analysis tool that automatically scans the markets and notifies the trader when it finds potential trade opportunities. Autochartist is available as a handy MetaTrader 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. This is equally as good at finding trading signals as Trading Central and another great reason why I would choose GKFX. They are one of a few brokers who offer both Trading Central and Autochartist, along with the likes of Forex.com.

Autochartist

Autochartist

Virtual Private Server (VPS)

A VPS can run the trading platform remotely so that you do not always need your own computer switched on for it to be active. A VPS also gives fast and reliable connections to the trading servers. A VPS is often required by traders who use trading systems, EAs and other complex trading styles. Access to the GKFX VPS ranges from £15-£120 per month depending on the client’s deposit, VPS configuration and client’s preferences. I have my own VPS which I find to be an invaluable tool for running automated trading systems around the clock on multiple instances of the MT4 platform without needing my own computer switched on. It allows me to test and compare brokers to see which are most suitable for my trading strategies.

Economic Calendar

This calendar gives relevant events and the predicted impacts that they can have on the financial markets. The time and date of the event, analysis, impact history as well as the expected reaction is captured on this calendar. It is fully customisable to reflect only the trader’s preferences. I think this is an important tool for everyone and would always try to check if there is any major news approaching before I make any decision on my trades. I can tell you from experience, it is not nice to get caught on the wrong side of a significant news event.

Trading Calculators

There are some handy calculators available on the brokers website which can be a good way to quickly and easily perform some calculations if you are in a rush or just not very good at maths. The trading calculators provided by GKFX are the margin calculator, profit calculator and the currency converter.

The margin calculator helps a trader to calculate how much he needs to open a trade considering the leverage, currency, asset traded and the volume.

The profit calculator determines a trader’s potential profit based on the volume traded and the pips gained on a trade.

The currency converter uses the prevalent exchange rates to calculate the value of another currency when converted to the trader’s base currency.

MT4/MT5 Booster Pack

The MetaTrader Booster Pack can improve your platforms with 9 add-ons, specifically designed to enhance your trading experience. The kit offers new charts, indicators and UI options to improve your performance while trading. The package is available for all clients who deposit at least €1,000. You can download and install the add-ons to your platform easily via MyGKFX area.

Alarm Manager

MT Alarm Manager alerts you of activities and can automatically open or close trades for you.

  • Simple fields for setting S/L, T/P in pips
  • Pop-up calculators
  • Pop-up dealing form for pending and market orders

Trade Terminal

An alternate view of MT window with advanced features. Offers easier access to several positions for quick and precise execution. Quicker modification of S/L, T/P and Trailing Stops

  • Quicker opening of market, pending and OCO orders
  • One-click trading manager
  • Trade & Risk calculators
  • Create templates for complex order preferences

Correlation Matrix

Analyses the correlation among the instruments. Add or remove to the matrix table for comparison. Set time periods for different ranges and sizing options.

  • Compare products from Forex, Commodities and Indices markets
  • Select correlation time periods from 1 hour to 1 week
  • Different display, range and sizing options

Correlation Trader

Need a more focused view? Get a quick view of correlation scores and compare market charts easily. This display lets you manage your positions and compare figures such as net profits for each product.

  • Open and close orders
  • Place S/L and T/P directly from the charts
  • Select specific time scales for chosen markets
  • Compare figures for each instrument

Sentiment Trader

Can market sentiment be measured? Sentiment Trader tool is designed exactly for this purpose! See the overall market mood and directions of all your instruments, including sentiment history.

  • Customizable displays of market and historic sentiment
  • Open and close orders directly within chart
  • View current sentiment and sentiment history

Market Manager

Take full control of symbol watchlists and account activity in one window. Select symbols, view price activity and manage orders. Group and stack your trade with a minimal & functional UI.

  • Name and save preferred symbols in convenient groups
  • Run trading activities directly from the manager
  • View graphic overviews for each symbol

Session Map

Global market overview with time zones. See upcoming events and read market movements with colour coded markers.

  • Displays major markets with a timeline, also with local time
  • Price movement information for each market session
  • Account information including floating P/L and margin usage
  • Color-coded markers for calendar events

Excel Rtd

Real-time account, ticket, and price data shown on your Excel file. No macros, no programming needed. You can even send basic commands straight from Excel file!

  • No macros, no programming, no XLL add-in
  • Send trade orders from VBA code in Excel
  • Put real-time account and price data into Excel

Mini Terminal

A simpler trade terminal… Focus on a specific market and control your trades directly from a small pop-up window. Set T/P, S/L and trailing stops in pips and get live price updates.

  • Simple fields for setting S/L, T/P in pips
  • Pop-up calculators
  • Pop-up dealing form for pending and market orders

Education

The education section of the GKFX website consists of over 70 trading videos aimed at training those who are new to online trading. The videos are mainly on how to use the trading platforms to place orders, view charts, manage trades and more. There are videos on the forex market, leverage, analysis methods and other lessons for beginners. A detailed glossary comprising of over 120 terms is also provided on the website. This is necessary to guide beginners on the meaning and definitions of important trading terminologies that are frequently used in the online trading industry. I think there is some quality content here that is explained very well and could be a good place for you to start if you are completely new to trading.

Webinars & Seminars

You can watch the latest webinars and seminars held around the world. The broker collaborates with independent and reputed trade experts and economists to provide you meetings and courses for all levels of trading. Seminars are also a great way of getting together with other trade enthusiasts, so you can expand your professional network as you meet other traders and share your thoughts and experience.

Markets

The broker has a quite generous amount of over 500+ financial instruments available for trading online. Besides Forex, you can trade CFDs for Stocks, Indices, Commodities and Cryptocurrencies with them. As a trader, CFDs let you take a price position in the market. If the price of the instrument (such as an FX pair) changes according to your prediction, you profit. Otherwise you lose. The main advantages of trading CFDs is that you do not need to physically own the underlying asset.

Trade Forex

Discover the exciting opportunities of global Forex markets with competitive prices on GKFX. Enjoy deep liquidity, instant orders and expert customer service with a global broker. You can trade forex with over 40 FX pairs with GKFX to join the millions of Forex traders worldwide.

Trade Index CFDs

Choose from a list of global share baskets of industry-leading companies. You can trade CFDs for underlying prices of popular index selections. There are popular indices such as Dow Jones Index in U.S or DAX40 in Germany with deep liquidity.

Trade Shares

Trading CFDs for shares is your shortcut to stock market. You can try to take advantage of easy access to equities for top companies in the world. They enable you to buy and sell CFDs for share prices as the market follows the underlying value of assets. Discover the opportunities in world markets for top firms’ shares such as Apple, Google and Facebook.

Trade Commodity CFDs

You can choose to manage your portfolio more effectively and expand your investment portfolio on GKFX with commodity CFDs. Trade CFDs on metal or energy prices for possible opportunities.

Trade Cryptos

Discover the rapidly-shifting global markets of cryptocurrencies. You can trade the high volatility and deep liquidity with GKFX’ award-winning platforms. Take advantage of both increasing and decreasing prices of cryptos.

Accounts

GKFX offers several accounts with various trading conditions, designed to meet your needs perfectly. You can choose the best conditions suited to your particular trading needs. All of the account types provide competitive spreads, market analysis by experts and free educational material. You can trade more than 500 financial instruments with them. Conditions such as spreads and fees change depending on your account.

Classic Account

This account lets you trade all markets via MetaTrader 4 or MetaTrader 5, via desktop, web, or mobile

  • Forex, indices, commodities, cryptocurrencies, individual stocks & bonds
  • No minimum deposit is required
  • No commission
  • Trade indices as low as 10 cents per point
  • The account of choice for beginners

Prime Account

This account has narrow spreads, many instruments, and fast access to the markets.

  • Trade the DAX from as little as 0.5 points
  • Initial deposit amount €2,500
  • No commission
  • Trading tools & analysis tools included

Prime Plus Account

On this account, you can trade the major currency pairs with spreads as low as 0.1 pips.

  • Spreads from 0.1 pips
  • Only €5 commission per lot
  • Initial deposit amount €15,000
  • Trading Tools & Analysis Tools included
  • The account for Forex traders

Professional Account

Eligible clients can apply to become ‘professional clients’. This class of traders can trade with leverage up to 1:200 on forex major pairs. Eligibility is based on financial job experience, size of financial portfolio and years of trading experience. just keep in mind that you might not get access to certain features and protections if you are considered a pro trader.

Islamic Account

Islamic accounts are available on request. They are swap-free and therefore comply with Sharia law which makes GKFX a Muslim friendly broker. This is something I would expect from most brokers nowadays but is always reassuring.

Demo Account

There are demo accounts are freely available on the platforms but will be disabled after 30 days of inactivity. Demo trading accounts can be a good way to practice using the different trading platforms and trading strategies before trading with real money. This may be useful if you are new to trading and want to build some confidence, or if you just want to see if GKFX have suitable conditions for your trading strategy.

Support

The multilingual customer support team operates from 24/5. They can be reached via email, phone lines and instant web chat. Also, there is a ‘contact us’ form on the website which can be used to get help from the support and account departments. A detailed FAQ section is provided which can be a good way to get a quick answer to your questions. On social media, GKFX is on Facebook, Twitter, YouTube and Instagram. I have always found the support team a pleasure to deal with and wouldn’t have any issue reaching out to them again in the future. However, I feel like they could improve by extending operating hours to provide 24/7 support.

Funding

I found GKFX to have a good range of convenient methods for making deposits and withdrawals. You can choose from bank transfer, card payment and digital wallets. Using a credit card is by far the most convenient way to deposit into your account, followed by the digital wallets. Bank wires may take some time to process due to its nature which isn’t ideal if you need to act quickly on some market news. GKFX reflects deposits to your account balance, as soon as your payment arrives. They could perhaps improve in this area by adding support for crypto funding. If that is something you are looking for, then you could take a look at Hugo’s Way.

Conclusion

GKFX is an award-winning broker that offers multiple tradable assets on a great selection of trading platforms for all of your devices. Regulated by the MFSA, the broker must be fully compliant with all the regulatory rules. Eligible client funds are insured and held in segregated bank accounts separate from the brokerage’s funds.

Through the powerful trading platforms, you are offered a good selection of over 500 trading instruments across multiple asset classes. The liquidity providers used and the innovative technology that the broker implements, ensures that they can deliver very competitive trading conditions including low spreads and reliable executions speeds.

Quality signals, analysis and trading ideas are provided by the fantastic Trading Central and Autochartist plugins. This gives you access to premium research and top-notch analytics to aid your trading decisions. Beginners are supported with some educational content and free demo accounts.

Overall, I feel that GKFX are a solid broker for anyone looking to trade the markets with minimal fuss and all of the tools that you need at your disposal.

GKFX Logo

Min $1 Deposit

GKFX is a regulated broker that offers over 500 tradable assets via easy to use platforms for all of your devices along with some quality research and analysis tools including the excellent Trading Central and Autochartist software.

Between 74-89% of retail investor accounts lose money when trading CFDs with this provider.

About the Author

Avatar photo

Richard Montana
Richard has many years of experience in broker research, testing, analysis and reviews. He knows what to look for through years of trading himself with different brokers and listening to the feedback of others.

Review Methodology

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. We aim to help you find the best broker according to your own needs. You can read more about our review process.