GKFX Review

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Company Overview

Established in 2010, GKFX Financial Services Ltd (GKFX) is an online trading platform which was formerly known as Smart Live Financial Services Ltd. GKFX offers trade and spread betting services for CFDs, spot forex, and commodities. It is currently regulated by the UK’s Financial Conduct Authority (FCA) and the German BaFin. In terms of services, GKFX has no comparisons whatsoever even though the company was formed relatively later than many of its competitors. A good example of that would be the fact that GKFX is currently the only firm that provides its traders with MT4 for spot forex and CFDs.

Trading Platform

The backbone of GKFX’s trading platform is the MetaTrader 4 platform. The state-of-the-art and robust platform is perfect for spot forex. According to GKFX, the platform is highly reliable for spread betting as well. As we’ve mentioned above, it is currently the only broker that is providing its traders with MT4 for spread betting, spot forex, and CFDs, which sets it apart from all the competitors. MT4 is available on different platforms for the customers, ranging from Android to iOS and from OSX to Windows, so you’ll always have your analytics with you.

GKFX stands apart from all of its competitors and offers five different account types to choose from. The first type is the micro account, which comes with no minimum deposit requirement, a fixed spread, no limit on max open lots, and a minimum trade lot size of 0.01. The next comes the standard account, also known as the fixed account. This account also has no minimum deposit requirement, a fixed spread, no limit on max open lots, and a minimum trade lot size of 0.1. Then come the variable and swap free account, which offer the same features with a fluctuation in amounts. The last one is the VIP account that comes with a minimum deposit requirement of $25,000. The account features variable spread, no limit on max open lots, and a minimum trade lot size of 1.

For spreads that are payable, everything depends on the account you’re trading from. 2.5 pips are generally the minimum fixed spread that a trader can be liable for a swap free account. For micro accounts, the spread is 1.5 pips.

The lowest rate for variable spreads is 1.2 pips. This amount is for the standard account. For VIP accounts, the lowest variable spreads start from as low as 0.6 pips.

Features

  • Micro lot trading
  • Different choices in trading accounts
  • Lower spreads
  • No minimum deposit requirement on most accounts
  • FCA and BaFin regulation

Customer Support

GKFX focuses on better customer support to maximize the trust factor between it and its traders. With support for over 30 different languages, GKFX has perhaps the best customer support in the world of trading. This is another great reason it has an edge over its competitors.

Conclusion

GKFX is currently one of the top firms in the world of forex, and the features it provides to its traders are exquisite. If you’re just starting spot forex or spread betting, GKFX is the place for you.

Office website: https://gkfx.com/

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