GKFX Review 2024 (Expert Review)
GKFX Review Summary
GKFX is a popular online broker that offers a range of features for investors. These features can range from basic analytics tools to full support for automated trading solutions. In addition, GKFX has back-testing capabilities for the automated trading solutions they offer. This broker also invests in new innovative products and offers the majority of third-party add-ons for free. GKFX offers a variety of educational tools for its clients. In addition to a glossary of trading terms, this broker also provides economic indicators, webinars, and video seminar courses. To help its clients understand the forex market better, it offers an economic calendar and a currency calculator
GKFX review
GKFX Platform Features
๐บ๏ธ Country of regulation | Malta Financial Services Authority (MFSA) |
๐ฐ Trading fees | No |
๐ฐ Inactivity fee | No |
๐ฐ Withdrawal fee | No |
๐ฐ Minimum deposit | 20 |
๐ Time to open a GKFX account | 1-3 Days. *A GKFX demo account can be opened in a few minutes, but live GKFX trading account creation times will vary depending on how long it takes to process your GKFX KYC documents. |
๐ณ Wire Transfer | No |
๐ Depositing with electronic wallet | No |
๐ฑ Number of base currencies supported | 3 |
๐ฎ Demo account provided | Yes |
๐๏ธ Financial Instruments offered | Forex, Minors, Cryptocurrencies, Majors, Exotics, Indices, US Stocks, UK Stocks, Energies, Metals, Agriculturals, |
GKFX review
GKFX Financial Regulation
GKFX is regulated by Malta Financial Services Authority (MFSA).
GKFX review
GKFX Pros And Cons
Regardless of how you trade, there is always a risk to online trading, as well as some key advantages to using such a method. Below are some key pros and cons. The pros of using GKFX include a large choice of assets that are available to be traded 24/7; and a modern website and mobile app; video guides and chart reading tools to help you carry out fundamental and technical analysis; community features to help you learn from and integrate with other platform users. On the other hand, the cons of using GKFX can be that the spreads offered on trading financial instruments (Availability subject to regulation) are relatively wide; no mutual funds available to invest in; high risk meaning it is not often a suitable platform for new traders.
GKFX review
GKFX Advantages
One of the main advantages of using GKFX is around the clock service and support as well as research offerings. Not only this, but GKFX has reduced transaction costs and fees that are often associated with traditional brokerage firms. This provides users of GKFX with greater flexibility and more control - time is of the essence when trading, and where traditional brokers require appointments just to initiate a trade, trading with GKFX makes the process a lot quicker. Finally, users have the ability to monitor their investments in real time. GKFX offers stock quotes and trade information, making it easy for users to view how their investments are doing.
- GKFX has been in business over 10 years.
- GKFX offers Stock Trading.
- GKFX offers Cryptocurrency Trading (Availability subject to regulation).
- GKFXoffers Islamic Accounts.
- GKFX offers Bitcoin Trading.
- GKFX offers a Apple Mac desktop trading platform.
- GKFX offers Spread Betting.
- GKFX offers Hedging.
- GKFX offers Scalping.
- GKFX does not have inactivity fees.
GKFX review
GKFX Disadvantages
Although GKFX has a lot of good points GKFX does not offer the below.
- GKFX does not offer PayPal as a payment method (See GKFX alternatives who offer PayPal as a payment method here)
- GKFX does not offer Neteller as a payment method (See GKFX alternatives who Neteller as a payment method here)
- GKFX does not offer Skrill as a payment method (See GKFX alternatives who offer Skrill as a payment method here)
- GKFX does not offer ECN trading (See GKFX alternatives who offer ECN trading here)
- GKFX does not offer the MetaTrader 4 platform (See GKFX alternatives who offer the MetaTrader 4 platform here)
- GKFX does not offer the MetaTrader 5 platform (See GKFX alternatives who offer the MetaTrader 5 platform here)
- GKFX does not offer the cTrader platform (See GKFX alternatives who offer the cTrader platform here)
- GKFX has inactivity fees (See GKFX alternatives who do not have inactivity fees here)
Risk Warning: Losses can exceed deposits.
GKFX review
Things to understand when trading with GKFX
Trading with GKFX involves risk. You should only risk capital with GKFX that you can afford to lose. Understand your risk tolerance with GKFX, and have a trading strategy that GKFX is able to help you execute. GKFX is a very accessible trading platform but you must take the time to be able to effective use the trading tools and financial instruments GKFX give you access too.
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GKFX Trading Fees
Trading fees on GKFX are taken in the form of the spreads GKFX offers when buying and selling financial instruments like stocks, commodities, fiat currencies and indexes on GKFX. GKFX fees vary depending on the financial instruments traded and can include, GKFX overnight funding fees, spreads, margins and GKFX inactivity fees, currency conversion fees, and a spread for applying a guaranteed stop order. There may be some fees when transfering money to and from your GKFX account charged by your 3rd party payment provider if your GKFX base currency is different from your GKFX withdrawal method.
Name | GKFX | IC Markets | Roboforex |
Account Fees | No | No | No |
Withdrawal Fees | No | No | Yes |
Deposit Fees | No | ||
Inactivity Fee | No | No | No |
riskwarning | Try Now Losses can exceed deposits | Try Now Losses can exceed deposits | Try Now Losses can exceed deposits |
GKFX review
GKFX Financial Instrument Fees
GKFX fees for Forex, Minors, Cryptocurrencies, Majors, Exotics, Indices, US Stocks, UK Stocks, Energies, Metals, Agriculturals, are listed below.
GKFX review
GKFX Stock Trading Fees
The majority of GKFX trading fees, commission is either a flat fee per trade or calculated based on the number of traded shares. Several brokers do also offer zero-commission trading for stocks, ETFs, and options. A GKFX stock trading fee is a brokerage fee that is charged when you buy or sell stocks. A trader may also pay commission or a fee for buying and selling other investments, like options or exchange-traded funds.
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GKFX Forex Fees
Commission on GKFX Forex trading can either be a fixed fee (i.e., a fixed sum regardless of volume) or a relative fee: the higher the trading volume, the higher the commission. The amount of money that a trader is charged for GKFX Forex fees is based on their trade size. To calculate GKFX Forex fees, one would subtract the bid price from the ask price to find the spread. A Forex broker keeps this spread as their fee/commission.
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GKFX Non Trading Fees
GKFX non-trading fees include a variety of GKFX brokerage fees and charges that a trader will pay which are not related to buying and selling financial instruments using the GKFX trading platform. The most common non-trading fees include GKFX withdrawal fees, GKFX deposit fees and GKFX inactivity fees.
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GKFX Deposit Fees
GKFX does charge deposit fees in some cases. When funding your GKFX account there may be some GKFX deposit fees which will vary depending on the payment method you use to deposit to your live GKFX trading account.
GKFX review
GKFX Inactivity Fees
GKFX does not charge traders inactivity fees. GKFX does not charge for dormant inactive trading accounts. Brokers typically attempt to compensate for lack of commissions by charging inactivity fees.
GKFX review
GKFX Withdrawal Fees
GKFX does not charge withdrawal fees. Withdrawals fees vary between GKFX and GKFX alternatives depending on where you are located and how much money you are withdrawing.
GKFX review
GKFX Account Fees
GKFX does not charge account fees. Account fees charged differ between GKFX and other brokers. An account is a fee that GKFX and other brokers assesses on all accounts for the ability to keep an account on their platform.
GKFX review
GKFX Account Opening
The GKFX account registration process is simple, user-friendly, and quick. Within 1-3 Days most GKFX trading accounts are ready for live trades. Our GKFX account was validated in 1 day, but live GKFX trading account verification times will vary depending on the time it takes to process your KYC documents and GKFX trading account application. A GKFX demo account can be opened in a few minutes.
GKFX trading accounts are available in over 194 countries. GKFX is restricted in the following countries.
Apart from the restricted countries a GKFX trading account can be opened globally.
The GKFX trading platform is available for residents in US. Some financial instruments GKFX offer may be restricted in your country.
- Fast GKFX account opening.
- GKFX accounts can be opened and KYC can be verified digitally.
- GKFX minimum deposit is 20 USD / GBP / EURO.
- GKFX trading account verification may be held up for longer than a day if there is an issue with verifying your account.
GKFX review
GKFX Deposit And Withdrawal
GKFX Account Base Currencies
A base currency is the currency in which your account is denominated. In other words, it is the currency you use to trade. Base currencies are used for accounting purposes to refer to the currency in which an investor maintains their book of accounts. For foreign exchange market purposes, a base currency refers to the first currency in a currency pair and the second, the quote currency.
USD, GBP, EUR are supported by GKFX as account base currencies. However, in each country, only two or three account base currencies are accessible, usually the local currency plus USD. In the United Kingdom, for example, only GBP, EUR, and USD are accessible for UK traders.
GKFX offers the following account USD, GBP, EUR.
When trading make sure your GKFX trading account currency is the same currency as your withdrawal and deposit bank account otherwise there may be some additional currency conversion fees levied by your bank. GKFX has no control over the fees your bank may charge for currency conversions or withdrawals and deposits to from and to your bank account.
Name | GKFX | IC Markets | Roboforex |
Number Of Currencies | 3 | 10 | 4 |
Base Currencies | USD, GBP, EUR | USD, GBP, EUR, CHF, JPY, SGD, AUD, CAD, HKD, NZD | USD, EUR, XAU |
riskwarning | Try Now Losses can exceed deposits | Try Now Losses can exceed deposits | Try Now Losses can exceed deposits |
GKFX review
GKFX Deposit Fees and Deposit Methods
Investors can log in to their GKFX trading account, type in their credit card information and the funds required will be posted in a number of business days. Investors can also transfer funds into their GKFX trading accounts from an existing bank account or send the funds through a wire transfer or online check.
GKFX Deposit Fees
Making a deposit on your GKFX account is free.
GKFX Deposit Methods
There are several methods through which you can deposit money into your GKFX account. One can use a credit or debit card and GKFX accepts payments from credit and debit cards provided by MasterCard and Visa. You can use PayPal, funding your GKFX account using a personal PayPal account. One can also use bank wire or electronic bank transfer. If you have enough funds in your respective account, your bank account will be debited while the equal amount will be deposited into your GKFX account. Funding methods for GKFX include Credit cards, Debit cards, Bank Transfer, SOFORT, Payoneer,.
GKFX review
GKFX Withdrawal Fees and Withdrawal Methods
You can withdraw cash from your GKFX brokerage account if you have available funds. If you want to withdraw more than you have available as cash, you may need to close open GKFX positions before doing so. Remember that after you close your orders, you may have wait for the trade to settle before you can withdraw that money from your GKFX account.
Name | GKFX | IC Markets | Roboforex |
Funding Methods | Credit cards, Debit cards, Bank Transfer, SOFORT, Payoneer, | Credit Cards, VISA, MasterCard, Debit Cards, Visa, MasterCard, Bank Transfer, PayPal, Neteller, Neteller VIP, Skrill, Poli, Cheque, BPAY, UnionPay, FasaPay, QIWI, RapidPay, Klarna, Electronic wallets (eWallets), Broker to Brokers, Thai Internet Banking, Vietnamese Internet Banking, | Credit cards, VISA, MasterCard, JCB, Debit cards, Bank Transfer, Electronic wallets (eWallets), Neteller, Skrill, Perfect Money, AdvCash, BPAY, China UnionPay, FasaPay, CashU, WeChat Pay, ecoPayZ, AstroPay, Sofort, Giropay, Poli, Wepay, iDEAL, Payoneer, |
Withdrawal Fee | No | No | Yes |
Deposit Fee | Varies | Varies | No |
riskwarning | Try Now Losses can exceed deposits | Try Now Losses can exceed deposits | Try Now Losses can exceed deposits |
GKFX Fees When Withdrawing Your Account Balance
GKFX do not charge withdrawal fees. Some withdrawal fees are out of the control of GKFX and may be due to 3rd party payment providers and your account base currency.
GKFX Withdrawal Methods
Log into your GKFX trading account, which is connected to your bank account. Go to the section that says โfundsโ or โaccountsโ and click on it. You will be given two choices: either to add funds or withdraw funds. Click 'withdraw funds' to start transferring money from your GKFX account to your bank account. To withdraw money from your GKFX account you can use credit or debit cards. GKFX processes withdrawals to credit and debit cards provided by MasterCard and Visa. One can also use PayPal, as GKFX processes withdrawals to PayPal accounts. Finally, you can also withdraw funds straight to your bank account via bank transfer.
GKFX review
GKFX Trading Platforms
As there are a number of tradable financial instruments available on the GKFX trading platform. Before investing in the GKFX platform, there are important factors to consider. Some platforms are designed for the more advanced trader, thus offering more research and analytical tools. The GKFX platform has a demo account and educational resources, but it may not be designed for new traders so focuses less on those educational features. GKFX offer livechat, phone, and email support.
If you struggle with technology, you need to consider the level of support on GKFX is available. Another thing to consider is your financial goals. Make sure that a GKFX account fulfils these goals. Several platforms offer commission-free trading, but some require a minimum fee for opening an account.
There can also be additional fees, such as inactivity charges, withdrawals and transfers. Make sure that you have enough funds to trade via a GKFX account. Ensure that GKFX allows you to focus on the type of trading that you want to focus on.
Make sure GKFX is correct for your investment purposes. Markets change quickly, and you need to be able to execute an order instantly. on your platform. Before using GKFX, think about how easy it is to use for your personal needs. Does the GKFX platform offer real-time updates or delayed updates that are more informed? Remember to check if GKFX is well regulated, and what tradeable financial instruments GKFX has. Security is very important when it comes to trading with GKFX.
GKFX Web Trading Platform
A GKFX web trading platform is a piece of software that is used for trading. This includes opening, closing, and managing market positions through GKFX which acts as a financial intermediary. GKFX is a web trading platform through which Forex traders can open and close positions online, without downloading any software. Via a web browser, traders can follow Bid-Ask spreads, place Stop Loss and Take Profit orders, as well as track all past and current positions executed.
Mobile Trading Platform
Both Android and iOS devices are supported by the GKFX mobile trading platform.
GKFX Apple IOS Trading Platform
A GKFX iOS trading platform is the application software that enables investors and traders to place trades and monitor accounts through iOS apps on Apple devices, such as an iPhone.
GKFX Google Play Android Trading Platform
A GKFX Google Play trading platform is the application software that enables investors and traders to place trades and monitor accounts through Google Play apps on Android devices, such as an Android mobile smartphone.
GKFX review
GKFX Mobile Trading User Experience
GKFX mobile trading gives its users a platform to trade from anywhere in the world, as long as they have an internet or WiFi connection. The mobile trading app provides an ease of transacting while using a mobile device. This is because orders can be placed quickly and effortlessly. GKFX mobile trading refers to trading using a mobile phone.
Leading brokerages like GKFX offer mobile trading apps to their clients who are able to use them to trade and even monitor their entire GKFX portfolio. All an investor needs is a Web-enabled smartphone and a trading account with GKFX. Once you have download the GKFX trading app, you are ready to begin.
GKFX review
GKFX Desktop Computer Trading Platform
A GKFX computer trading platform is a software which one can use to research, place, monitor and edit trades on your desktop computer. You can choose from many platforms, including desktop platforms, trading apps, web-based platforms and third-party programs. The GKFX desktop computer trading platform is the software that enables investors and traders to place trades and monitor accounts through financial intermediaries. The GKFX desktop trading platform offers other features to its users, such as real-time quotes, charting tools, news feeds.
GKFX MetaTrader 4
MetaTrader 4, known as MT4, is a trading platform used by online retail foreign exchange traders. MetaQuotes Software developed and released this programme in 2005. The software is licensed to foreign exchange brokers who provide the software to their clients. It is a free-of-charge Forex trading platform, offering wide technical analysis options, flexible trading system, and algorithmic and mobile trading. MT4 is a popular online trading platform that can be used to automate one's trading. Its simple user interface provides users with access to advanced technical analysis and flexible trading systems.
GKFX PC Trading Platform
One needs a computer with high performing hardware if their plan is to be a full time trader using GKFX. A trading computer with access to a GKFX PC trading platform is a superior, extremely fast computer which is designed and customized to maximize a traders ability to interface with markets and make decisions in real time. There are four key ingredients to a great Trading Computer: speed, reliability, multiple monitors, and post-sale service & support.
GKFX Apple Mac Trading Platform
Apple Macs and MacBooks can easily handle the most important requirements when using the GKFX trading platform. This includes the ability to have multiple browser tabs or trading apps open, a high quality display or monitor (high definition Retina displays with True Tone technology, adjusting and adapting to ambient lighting), an accurate trackpad or mouse, lightweight design, and long battery life. Macs are easy to set up, start up, use and even maintain. A Mac can go from cold boot to live trading using just a couple of mouse clicks and in well under a minute. Therefore, the GKFX trading platform is very user friendly on a Mac device.
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GKFX Trading Look And Feel
The GKFX user interface (UI) is what GKFX traders will see and interact with first when trading with the GKFX trading platform. The GKFX is well designed. The goal of the GKFX trading UI is to make the GKFX user's experience intuitive. The GKFX application has good user experience and a good level of customer satisfaction.
GKFX Security
GKFX is a secure trading platform. GKFX offers traders security via 2 factor authentication, SSL encription when trading with GKFX. GKFX trading accounts are masked and encrypted using cutting-edge encryption and masking technology to secure your personal and financial information when trading with GKFX. Rate limitation on GKFX suspicious account activities is another layer of protection that is provided for GKFX trading accounts, for example multiple failed login attempts with GKFX. You have the option to further safeguard your account by using GKFX Two-Factor Authentication (2FA), which provides an extra layer of security.
The GKFX trading infrastructure is constantly watched and guarded by a trained team at GKFX In addition, GKFX never send sensitive information without first encrypting on the GKFX trading platform using transport layer security (TLS) and SSL.
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Placing A Buy Or Sell Order On GKFX
Available GKFX order types. # market, limit, stop, stop limit, Good until end of day / canceled.
GKFX Market Order
A GKFX market order is an order to buy or sell a stock at the market's current best available price. A market order usually ensures an execution, but it does not guarantee a specified price. Market orders are optimal when the primary goal is to execute the trade immediately. GKFX market orders are executed by a broker or brokerage service on behalf of clients who wish to take advantage of the best price available on the current market. GKFX market orders are popular as they are a fast and reliable method of either entering or exiting a trade.
GKFX Limit Order
A GKFX limit order is an order to buy or sell a stock with a restriction on the maximum price to be paid or the minimum price to be received. If the order is subsequently filled, it will only be at the specified limit price or better. However, having said this, there is no assurance of execution.
GKFX Stop Order
A GKFX stop order, also referred to as a stop-loss order, is an order to buy or sell a stock once the price of the stock reaches a specified price, known as the stop price. When the stop price is reached, a stop order becomes a market order. A sell stop order is entered at a stop price below the current market price. If the stock reaches the stop price, the order becomes a market order and is filled at the next available market price.
GKFX Stop Limit Order
A GKFX stop-limit order is an order to buy or sell a stock that combines the features of a stop order and a limit order. Once the stop price is reached, a stop-limit order becomes a limit order that will be executed at a specified price (or better). The GKFX stop-limit order triggers a limit order when a stock price hits the stop level. A GKFX stop-limit order can be helpful when trading if you are unable to watch your trades all day.
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GKFX Alerts And Notifications
Price alerts and notifications can be established for executed orders, important news, and margin calls, for example. On the online platform, these notifications appear as pop-up messages. It would be preferable if you could set up email or SMS notifications as well.
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GKFX Trading Platform Features
Online trading platforms like GKFX are used by traders to help them with every aspect of trading. Market analysis, price projections, and purchase timing are all key when trading live financial markets with GKFX. The GKFX trading platform provides traders with up to the second charts in order to enable them to execute transactions at the click of a button using GKFX.
GKFX Margin Trading
GKFX margin trading means borrowing money from the brokerage firm in order to carry out trades. When trading on margin, investors first deposit cash that then serves as collateral for the loan, and then pay ongoing interest payments on the money they borrow. In essence, GKFX margin trading is a facility under which one buys and sells stocks that they cannot afford. You are allowed to buy and sell stocks by paying a marginal amount of the actual value. This margin is paid either in cash or in shares as security. Your broker funds your margin trading transactions.
GKFX Auto Trading
GKFX auto trading is a trading strategy where buy and sell orders are automatically placed based on an underlying GKFX system or programme and actioned by set criteria set by the GKFX trader. These GKFX orders are placed when the trade conditions in the underlying GKFX system or program are met. It is a method of participating in financial markets by using GKFX, which executes a pre-defined set of rules for both entering and exiting trades on GKFX. If you are a GKFX trader, you are able to use detailed GKFX technical analysis with the setting of parameters for GKFX one's positions. This includes orders to open GKFX, trailing stops, and guaranteed stops.
GKFX Social Trading
GKFX social trading is a form of social trading that enables GKFX traders or investors to copy and execute the strategies of their peers or more experienced traders on the GKFX platform. Social trading on GKFX allows you to communicate with other GKFX investors in a Facebook-style social network manner. The main premise is that you are able to share and discuss potential GKFX investment opportunities with traders on the GKFX platform.
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GKFX Account Types
GKFX Demo Account
GKFX offers demo accounts that gives traders the ability to purchase and sell GKFX financial instruments in a practice environment, using fake GKFX digital money and live market conditions and data. When you practise on a GKFX demo account, one of the many advantages you'll enjoy is the opportunity to get acquainted with the more technical parts of the GKFX platform. GKFX demo accounts allow you to experience and practice a variety of market charts, GKFX trading indicators, and trading strategies using GKFX.
GKFX Standard Account
GKFX offers a standard trading account, allowing GKFX traders to trade a wide range of financial instruments, with competitive spreads, using the feature rich GKFX trading platform.
GKFX STP Account
GKFX STP (Straight Through Processing) account is a GKFX trading feature that involves sending GKFX client orders directly to the market without passing them through a dealing desk. A GKFX STP account is considered to be more of a hybrid of the ECN and market maker (dealing desk) models.
GKFX Islamic Accounts
GKFX islamic accounts respect Islamic finance law. GKFX swap free accounts do not accumilate interest and GKFX transactions are actioned immediately. A GKFX Islamic Forex account is a halal trading account that is offered to clients who respect the Quran and wish to invest in Islamic compliant financial instruments, using GKFX following the principles of Islamic finance. As Sharia law prohibits the accumulation of interest, traders with GKFX Islamic accounts do not pay or receive interest rates.
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GKFX Tradable Financial Instruments
GKFX tradable financial instruments are the financial instruments that are specifically available to trade on the GKFX trading platform. This refers to the different types of financial markets you can trade with through GKFX. Sometimes called securities , they range from commodity futures to stocks and CFDs, to currencies and metals, and more on GKFX.
Name | GKFX | IC Markets | Roboforex |
CFD Trading | Yes | Yes | Yes |
Stock Markets | 300 | 2100 | 53 |
ETFs | No | No | |
Fractional Shares | No | Yes | |
Cryptocurrencies | Yes | Yes | No |
riskwarning | Try Now Losses can exceed deposits | Try Now Losses can exceed deposits | Try Now Losses can exceed deposits |
GKFX review
GKFX Trading Stocks
Stock trading with GKFX is the act of purchasing and selling shares in a corporation listed on a stock exchange available for trading with GKFX; if you possess the stock on GKFX, you own a piece of the corporation and may be entitled to voting rights where applicable.
Stock trading on GKFX involves purchasing and selling stocks and share using GKFX periodically in order to time trades against the stock markets, with the aim of using GKFX to profit from your stock trading. GKFX stock traders look to profit from the short-term market developments by selling stocks for a profit or buying stocks at a cheap price on GKFX. Stock traders on GKFX conduct significant study, frequently dedicating several hours every day to market monitoring using GKFX trading tools.
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GKFX Trading ETFs
What Are ETFs
GKFX does not offer ETF trading. An ETF is a collection of assets whose shares are traded on a stock market. They blend the characteristics and potential benefits of stocks, mutual funds, and bonds. ETF shares, like individual stocks, are traded throughout the day at varying prices based on supply and demand.
What Are Fractional Shares
GKFX does not offer fractional share trading.
Investors can buy fractional shares of a stock, making it easier to diversify even with modest amounts of money. Investors can buy stock in fractional shares by specifying a dollar amount rather than the price of a whole share.
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GKFX Trading Cryptocurrencies
GKFX offers cryptocurrency trading.
Cryptocurrency trading can be conducted using GKFX to buy and sell the cryptocurrency financial instruments on GKFX. Cryptocurrency trading can also be done using a cryptocurency CFD GKFX trading account where allowed by financial regulators, to speculate on up or down price movements of a specific crypto asset using GKFX. A CFD is a high risk leveraged trade between the trader and the GKFX brokerage. No underlying assets are exchanged with a GKFX CFD contract, it is purely speculation on the crypto financial instruments price movements with GKFX. GKFX CFD trading on cryptocurrency assets is not allowed in the United Kingdom as set by the UKs financial regulator the FCA. Check to see if GKFX CFD cryptocurrency trading is allowed in your region and make sure you undertand the risks fully before trading.
The volatility of cryptocurrencies is the biggest source of risk when trading them with GKFX. They are high-risk and speculative, and you should be aware of the hazards before you begin trading high risk financial instruments with GKFX.
Cryptocurrency trading is not offered by GKFX, so you will need to find a GKFX alternative that allows you to buy and sell the underlying cryptocurrency assets. GKFX CFD trading on cryptocurrency assets is not allowed in the United Kingdom as set by the UKs financial regulator the FCA. Check to see if CFD cryptocurrency trading is allowed in your region with a GKFX alternative and make sure you undertand the risks fully before trading.
GKFX review
GKFX Forex Trading
Forex trading with GKFX is a method through which to invest money which involves trading one currency for another in a Forex currency pair with GKFX. The main aim of GKFX Forex trading is to successfully predict if the value of one currency will increase or decrease when compared to another. You can trade major, minor and exotic currency pairs with GKFX. As a GKFX Forex trader, one buys and sells currencies on a foreign exchange market. Their duties include performing research or analysis on a currency pair using a trading platform like GKFX. In general, Forex traders can either work for banks and hedge funds or trade independently using trading platforms like GKFX. Some traders use charts and indicators for Forex analysis, while others rely on news and economic data available on GKFX.
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GKFX Commodities Trading
Commodity trading is a type of trading available on GKFX where individuals or businesses buy and sell financial instruments using GKFX related to commodities, such as metals or oil.
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GKFX Options Trading
GKFX options trading is the trading of instruments that gives someone the right to buy or sell a specific security on a specific date at a specific price. If one decides to complete that purchase or sale, they are know to be exercising the option. GKFX option strategies are the simultaneous, often mixed, buying or selling of one or more options which differ in one or more of the options' variables.
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GKFX Futures Trading
Futures trading with GKFX is where derivative financial contracts obligate a buyer to purchase an asset or a seller to sell an asset at a predetermined future date and set price using GKFX to facilitate the trade. A GKFX futures contract allows an investor to speculate on the direction of a security, commodity, or financial instrument available on GKFX. Typically, futures contracts are traded on an exchange such as GKFX; one trader agrees to buy a given quantity of securities or a commodity, and take delivery on a certain date. The selling GKFX trader to the contract agrees to provide it.
GKFX review
GKFX Bonds Trading
Bonds trading on GKFX is a way of making profit from fluctuations in the value of corporate or government bonds. The government will pay a defined interest rate on an investment for the duration of the issued bond, and then give the original sum back at the end of the loan's term to the GKFX trader. Bonds can be bought and sold on GKFX after they are issued. While some bonds are traded publicly through GKFX, most trade over-the-counter between large broker-dealers like GKFX acting on their clients' or their own behalf. Yield is therefore based on the GKFX purchase price of the bond as well as the coupon.
GKFX CFD Trading
A contract for difference (CFD) allows traders to speculate on the future market movements of an underlying item without owning it or taking physical delivery of it. CFDs can be used to trade a variety of underlying assets, including stocks, commodities, and foreign exchange.
Name | GKFX | IC Markets | Roboforex |
Forex CFD | 55 | 61 | 35 |
Index CFD | 25 | 30 | |
Stock CFD | No | 110 | 8400 |
ETF CFD | 30 | 50 | |
Commodity CFD | 20 | 20 | |
Crypto CFD | Yes | Yes | No |
riskwarning | Try Now Losses can exceed deposits | Try Now Losses can exceed deposits | Try Now Losses can exceed deposits |
GKFX review
GKFX Trading Research Tools
Taking advantage of GKFX trading research tools which are designed to help traders analyse potential investments using the GKFX trading platform. Some GKFX research tools include charts, technical analysis, and GKFX trading indicators.
GKFX Trading News
Traders can follow the markets and make wise investment decisions on GKFX by using the news to help form a strategy when it comes to choosing investments. A GKFX news trading strategy involves trading based on news and market expectations, both before and following news releases. Traders need to assess the news immediately after it is released and make a quick judgement on how to trade as a result.
GKFX Economic Calendar
An economic calendar is used by investors to monitor market-moving events, such as economic indicators and monetary policy decisions. Market-moving events, which are usually announced or released in a report, have a high probability of impacting the financial markets. A GKFX economic calendar is a resource that allows traders to learn about important economic information scheduled to be released throughout the major economies. Events may include indicators such as GDP, the consumer price index (CPI), and the Non-Farm Payroll (NFPs) report.
GKFX Fundamental Data On Financial Instruments & Companies
Fundamental research does not usually generate findings that have immediate applications in a practical level. Fundamental research aims to answer the questions of why, what or how and tend to contribute to the pool of fundamental knowledge in a research area. GKFX fundamental analysis research data looks at the price movement of a security and uses this data to attempt to predict future price movements. Fundamental analysis, on the other hand, looks at economic and financial factors that influence a business. Fundamental analysis therefore evaluates securities by attempting to measure their intrinsic value.
GKFX Charting
Technical analysis indicators such as MACD,RSI, Stochastics, OBV, and Fibonacci are vital for trading. The primary types of chart used by traders on GKFX are the Candlestick Chart, Line Chart, Point and Figure charts, and Renko Chart. Charts such as these are plotted either on an arithmetic or logarithmic scale and the analyst then goes with either one depending on the information acquired.
GKFX portfolios
Trading portfolios are useful when trading with GKFX.
A trading portfolio is made up of various investment vehicles. Distinct trading portfolios, each tailored toward a different investing strategy, might be owned by an investor.
A GKFX trading portfolio is a traders collection of investments, which may include a variety of GKFX financial instruments.
GKFX review
GKFX Payment Methods
A GKFX payment method is required to fund your GKFX trading account before placing a buy or sell order on a financial instrument.
When trading with GKFX, there are a variety of payment options accessible; different brokers support different deposit and withdrawal methods. Each trade payment option has its own set of benefits and cons in terms of costs, processing times, and limits. Some thing to be aware of is if your bank accounts base currency is different to the base currency of your trading account, your bank may add additional transfer fees that GKFX do not have any control over.
Name | GKFX | IC Markets | Roboforex |
Payment Methods | Neteller, Skrill, Sofort, Visa, Webmoney, Wire Transfer | BPAY, Credit Card, FasaPay, Giropay, Mastercard, Neteller, PayPal, POLi, QIWI, Rapid Transfer, Skrill, UnionPay, Visa, Wire Transfer, Yandex Money | ADVcash, Alipay, Bitcoin Payments, Cashu, FasaPay, Giropay, iDeal, MoneyGram, Neteller, Perfect Money, POLi, QIWI, Rapid Transfer, SafeCharge, Skrill, Sofort, Trustly, Vietcombank Transfer, Visa, Webmoney, WeChat Pay, Wire Transfer, Yandex Money |
riskwarning | Try Now Losses can exceed deposits | Try Now Losses can exceed deposits | Try Now Losses can exceed deposits |
GKFX review
GKFX Withdrawl Methods
When trading with GKFX at some point you will want to release your funds back to your bank account or other withdrawal method. Many modern trading platforms offer withdrawal of your trading account balance to digital wallets and direct bank transfers. Depending on your geo region certain withdrawal methods may be more convenient to you. Each withdrawal method has its own withdrawal time which you will have to check before withdrawing your GKFX account balance. GKFX may have minimum withdrawal limits that you will need to check before withdrawing.
You may be charged a currency conversion fee by your withdrawal method if you withdraw your GKFX account balance in a currency other than GBP, or whatever your withdrawal method account base currency is.
GKFX Withdrawals Times
The time it takes for your withdrawal to arrive is determined by the method you used to make it. It's important to remember that this is the payment method you used to fund your GKFX account.
Withdrawal requests can take up to three business days to be processed by GKFX.
You may anticipate to receive your money within three business days for bank transfers, credit/debit cards, and digital wallets.
If you're having a withdrawal transferred to your digital wallet account, your GKFX should arrive in less than 24 hours.
GKFX review
GKFX Customer Support
Customer support represents the resources within the GKFX company that provides technical assistance to its customers after they use the GKFX service. A customer may often need to seek out support when they are in need of help, so a customer support team must be easy to contact, available, and responsive.
GKFX offer email, livechat, phone, customer support.
GKFX Email Support
GKFX offers email support.
Email support is a a convenient method of GKFX customer service but responses to support queries are not quick. You may have to wait between 1 - 3 days for a response from GKFX regarding your support request.
GKFX Livechat Support
GKFX offers livechat support.
GKFX live chat support is a way for customers to obtain help from GKFX through an instant messaging platform. It happens at a one-to-one level, often via the company's website. It can be a proactive chat pop-up, with a chat box appearing on the screen and asking if you need help. Clicking on it would then connect you to a live agent. Livechat is great if you require a reponse to your support request withing 15 minutes.
GKFX Telephone Support
GKFX offers telephone support.
GKFX telephone Support is often used for pre-sale queries, order taking, or even upselling and cross-selling, and troubleshooting. Outbound calls are calls made to customers from the GKFX call centre to give or take information.
GKFX Average Support Response times
Contact Method | Average Response Time |
---|---|
GKFX Live Chat | 4 minutes |
GKFX Email | 6 hours |
GKFX Phone | 5 minutes |
We tested the customer service response times of GKFX on Monday, December 16, 2024.
GKFX review
GKFX Educational Resources
GKFX educational resources are used throughout the GKFX learning environment to help and assist with customer's development and learning of trading on GKFX. They are designed to reinforce learning and in some cases allow people to put their knowledge to the test using GKFX trading tools. Educational resources like some of the resources available with GKFX are a good as part of a wider set of educational guides and information from else where online.
Some of the GKFX trading guides and information that we found useful included algorithmic trading courses, live webinars, daily market analysis, tutorials.
GKFX Trading Platform Tutorials
GKFX offer a range of learning resources and tutorials and guides made available to registered GKFX users. The GKFX guides are usually broker down into indepth articles explaining varioius trading topics, quizes and video explainers which aim to educate GKFX users on basic trading principles.
GKFX Trading Videos
GKFX offer a selection of online trading videos.
Trading videos on GKFX help new and even more experienced investors gain insights into GKFX technical analysis tools and how the different financial markets work when trading on GKFX.
GKFX trading videos cover the basics of financial instruments like stocks, Forex, commodities, ETFs. Some GKFX training videos help widen your trading knowledge. The more trading knowledge you have the better you will be able to mitigate and understand trading risks when using GKFX to trade live financial markets.
GKFX Webinars
GKFX offers access to online webinars. A webinar is an interactive online event in which a speaker (or a small group of speakers) delivers a presentation to a large audience of GKFX clients who participate by asking questions, replying to polls, and using other interactive technologies available on the GKFX trading platform.
GKFX review
GKFX Financial Regulation When Trading
Financial regulations on GKFX protect consumers' investments. Regulations prevent financial fraud and limit the risks that GKFX as a financial institution can take with their investors' money. Financial regulators oversee three main financial sectors: banking, financial markets, and consumers. A well-functioning financial system is vital for the economy, businesses and consumers. GKFX financial regulation is part of ensuring the safety and soundness of the financial system and protecting consumers.
Is GKFX Regulated?
GKFX is regulated by Malta Financial Services Authority (MFSA).
GKFX is licensed by financial regulators in certain jurisdictions. You can find out if brokers like GKFX are licensed in your country, if they have had run-ins with regulators, or received serious complaints from GKFX investors, directly with financial regulators in your country.
GKFX Regulatory Protection Limits
When registering with GKFX you must check with regulatory body your GKFX trading account falls under. Even though you are a resident of the UK for example your account may fall under regulatory rules outside the jurisdiction of the FCA. Check which company entity and regulation your GKFX account is over seen by. GKFX client funds are stored in segregated 3rd party bank account in accordance with GKFX financial regulators.
Client country | Investor protection amount | Regulator |
---|---|---|
United Kingdom | ยฃ85,000 | Financial Conduct Authority (FCA) |
EU Investor Compensation Scheme | max โฌ50,000 | Directive of The European Parliament and European Commission |
Other countries | 90% of your funds, max โฌ20,000 | Bulgarian Financial Supervision Commission (FSC) |
GKFX Trading Signals
GKFX does not offer trading signals in any form.Make sure you understand the risks of trading signals.
How does GKFX make money?
Because GKFX acts as an intermediary, GKFX gets compensated on buy and sell transactions of financial instruments. As a result, GKFX profit is determined by the volume and number of transactions. GKFX earns revenue to fund their GKFX platforms and wide range of trading services through market spreads.
Can you buy shares on GKFX?
GKFX provides customers with real company shares. Traders can choose from thousands of stock CFDs in addition to shares. You can see the complete list of stocks here. GKFX offers CFD stock trading. When trading CFD stocks you are not trading real stocks as you do not own any underlying stock assets. A CFD stock is a leveraged deal between the trader and GKFX on the speculative up or down price movement on an agreed stocks price movement.
Does GKFX offer Cryptocurrency?
GKFX does offer cryptocurrency trading. Although the Financial Conduct Authority in the UK has banned Crypto CFD trading for UK residents. Its still perfectly legal to buy non leveraged crytocurrencies where you own the underlying crypto assets.
GKFX Lower fees, lower costs?
GKFX have reasonable trading fees and costs. GKFX may charge a deposit fee. GKFX may charge a withdrawal fee. Some withdrawal fees are out of the control of GKFX and may be due to 3rd party payment providers and your account base currency.
What about the minimum deposit?
GKFX minimum deposit is 20 USD / GBP / EUR.
How to start your GKFX account?
You can sign up for a live or demo GKFX trading account by visiting GKFX and signing up. Enter your details, upload proof of ID, fund your account and you should be up and trading within a few hours. Open an GKFX account here.
How's the GKFX trading app?
GKFX allow traders to trade financial markets on iOS, Android supported mobile devices.
You can tryout the GKFX trading app here. Losses can exceed deposits
Is the quality of GKFX customer service satisfactory?
GKFX have average customer support offering support through email, livechat, phone, support options.
Is this broker good for new traders?
GKFX is a good trading platform for new traders as GKFX offer a good range of educational resources, good support options as well as a demo account.
How do you withdraw money from GKFX?
GKFX offer a good selection of withdrawal options. Once GKFX have confirmed and approved your withdrawal information, withdrawals are usually processed within 1 to 3 days.
Best GKFX Alternatives Reviews
If GKFX isnt quite what you are looking for you can check out some of the best GKFX alternatives below.
- IC Markets Review (read our in depth 2024 review)
- Roboforex Review (read our in depth 2024 review)
- AvaTrade Review (read our in depth 2024 review)
Best GKFX Alternatives In Detail
If you would like to see GKFX compared agains some of the best GKFX alternatives available right now you can do so by clicking on the links below.
- IC Markets Alternatives (read our in depth 2024 Alternatives for IC Markets)
- Roboforex Alternatives (read our in depth 2024 Alternatives for Roboforex)
- AvaTrade Alternatives (read our in depth 2024 Alternatives for AvaTrade)