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When it comes to trading CFDs and Forex, the English broker is GKFX usually one of the first points of contact for customers from Kenya. A serious demeanor and interesting live trading sessions ensure that withGKFX beginners as well as professionals feel that they are in good hands with the broker. In our field report we clarify whether the broker is a fraud or serious, at the same time we took a close look at the provider and put its conditions and services to the test.
|🥇 Best provider||GKFX|
|⭐Rating||5.0 / 5.0|
|🐂 Trading Options||Forex, Indices, Commodities , CFD|
|📈 Underlyings||350+ at international trading venues|
|💻 Software||MetaTrader, WebTrader|
|🏆 GKFX||Trade now!|
Background: GKFX is that serious| ||95
Hinter dem Forex Broker GKFX steht die GKFX Financial Services Limited, ein Dienstleister, der ursprünglich aus Großbritannien kommt. Der Firmenhauptsitz befindet sich deshalb in London. Von hier aus werden alle wichtigen Entscheidungen getroffen. Mittlerweile verfügt das Unternehmen über 19 Niederlassungen, die überall auf der Welt verteilt sind. Natürlich lässt es sich GKFX Financial Services Limited nicht nehmen, auch in der deutschen Finanzmetropole Frankfurt am Main aufzukreuzen und ein Büro einzurichten.
|Company||GKFX Financial Services Ltd. Frankfurt branch|
|Address||Mainzer Landstraße 69 -71, 60329 Frankfurt a.Main Kenya|
|Registration number||AG Frankfurt, HRB 92797| ||119|
|Regulierung / Lizenz||BaFin register number 130602|
|Telephone||+49 (0)69 256 286 90|
|Service times:||Mon – Thursday 09.00 – 19.00, Fri. 09.00 – 18.00|
GKFX is mainly regulated by the British Financial Conduct Authority Authority, short FCA. In addition, however, the company has also successfully sought Canadian approval and control, so that even the BaFin now has another scrutinizing look at the business of GKFX Financial Services Limited. We can only approve of this double regulation for Canadian customers. Should there be dubious business here, at least one of the authorities would notice it directly. We therefore assume that GKFX is reputable and that the forex and CFD broker is not a rip-off.
In addition, GKFX provides deposit insurance of up to £50,000 for all customers Customers. In the event of company bankruptcy, all traders are guaranteed a refund of their funds up to £50,000. Client funds are kept separate from company assets to ensure this repayment.
GKFX Video Preview
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That's what customers say
As with almost all forex brokers, there are also negative voices about GKFX on the Internet. We have accepted this and found that most of the points of criticism are not directed against GKFX itself, but rather against the trading principle of Forex or CFD trading. This in turn is only offered and offered by GKFX, as do hundreds of other trading providers. The basic principles of trading on the financial market are therefore set. GKFX has little influence on this.
However, many opinions about GKFX also go in a very positive direction. The overall picture is praised: transparency and customer friendliness are paired with an attractive offer at GKFX, which also increasingly appeals to beginners. Many investors see live trading in particular as a real highlight. However, experienced experts are not particularly satisfied with the new part of social trading. It gives the impression that you can earn money without prior knowledge and without having to lift a finger. This is mostly not the case.
The support in the test
GKXF attaches great importance to customer satisfaction. The top priority is to provide its users with advice in their native language, which also appears professional in terms of content. This was done in the test at the forex broker GKFX. Apparently, our contact persons were native speakers, who dealt with all our concerns in a friendly and courteous manner and quickly showed us solutions. Other users have also gained this impression, as we have read in various reports.
The helpful support can be contacted in three ways. On the one hand, a telephone number is available via which an employee is available directly. In the live chat, however, we had to wait a few minutes until we were accepted. Alternatively, you can also simply write an email from GKFX. In addition, there is the practical callback service, which is also available free of charge and is particularly helpful when no contact person is available at the moment, but a problem can best be discussed by phone.
In unserem Test haben wir den Forex Broker selbstverständlich gründlich unter die Lupe genommen. In Sachen Seriosität erhält der Broker von uns besonders aufgrund der zweifachen Regulierung in England und Deutschland absolute Bestnoten. Auch im direkten Kontakt mit den Kundenbetreuern macht der Anbieter einen vorzüglichen Eindruck. Ob GKFX Betrug oder Abzocke ist? Das können wir besten Gewissens verneinen. Negativstimmen aus dem Internet können außerdem meist mit einer Gesamtkritik am Prinzip des Währungshandels begründet werden. Größere Beanstandungen zum eigentlichen Service und zu den Leistungen von GKFX gab es nicht.
The offer of GKFX
After the basic Analysis of whether a forex broker is really working seriously should take a closer look at the services and conditions. Based on a few key points such as leverage and spreads,a simple broker comparison can be made. This allows interested traders to quickly determine whether they are in the right place with a broker like GKFX or whether they should continue looking for a suitable candidate for their investment.
Social Trading on offer
Next In addition to the usual types of trading in currency trading and trading with CFDs, GKFX also has something very special in its program: social trading. Like some other competitors, customers have the opportunity to adopt trading strategies and trading signals from other traders almost automatically and apply them to their own trading account. This has the advantage that - should a successful expert be found - money can be earned practically without any action on your part. In reality, however, it is not as simple as it sounds. In order to find the right signal generator, charts, statistics and more must be evaluated. When making investment decisions, however, traders should generally rely more on themselves than on other traders.
Maximum leverage 30:1
A common value for the leverage set, which ultimately decides how much Money a trader actually puts into the market is 30:1. Here GKFX is in no way inferior to the competition and has also agreed on such a high leverage. Not long ago it was common to offer up to 400:1 leverage. They also come with a higher level of risk.
It must be noted that leverage is not the same for every currency pair and every CFD. There can be differences, with the lowest leverage being 2:1 for cryptocurrencies. In addition to the reclassification of the levers, more has happened. Private investors are required to deposit an additional margin for their own protection. Here is an overview of leverage and margins:
|Products||Maximum leverage||Additional margin for private investors|
|Major FX pairs| ||226||30 : 1||14x|
|Major Indices Minor FX Pairs Gold||20:01||5x|| |240|
|Rohstoffe Minor Indices||10:01||10x|
There is also an increase in the stop-out level from 10 percent to 50 percent of funds on the trading account and protection against overdraft of the account.
Perfectly equipped with MetaTrader 4
Like most other forex brokers, GKFX now also enables the connection of the external trading software MetaTrader 4. This gives traders the opportunity to use a structured and intuitive system as a platform , which permanently supplies you with real-time prices. In addition, there is a large selection of different trading and analysis tools that can help the trader in the long term. The so-called Expert Advisor, which automatically applies trading strategies, is also installed. You can program them yourself or import them. Additional functions are added with MyFX.
In addition, GKFX also offers its own WebTrader, which is also very clearly designed. Investors can also access their account on the go via the in-house app.
Deposit and withdrawal
Money can be deposited at GKFX in various ways. In addition to the classic bank transfer and payment by credit card, online methods such as Skrill and Neteller are also offered. As a result, the deposited amount is on the online account within a few seconds and can be used. Credit card depositors have to be careful: A fee of 1.5% of the transferred amount is charged here.
|Payment options||Visa, Mastercard, Skrill, Discover, Visa Electron, Visa Delta , Skrill, Sofortüberweisung, Bank Transfer|
|Fees:||1.5% for credit cards and Debit cards|
|Account management possible in:||Euros, US dollars, British pounds, Swiss francs|
|Payout options:||Visa, Mastercard, Visa Electron, Skrill, bank transfer|
The payment was very reliable in our test. We received the money within a few days. For withdrawals by bank transfer or credit card, the amounts can be withdrawn from the online account free of charge.
Bonus and special promotions
To our incomprehension, new customers at GKFX are currently not offered a deposit bonus or specific special promotions recruited. Interested parties should keep an eye on the provider's website. Perhaps this policy will change and there will perhaps be one or the other bonus in the future.
Actively participate in trading with 10 CADs
GKFX is particularly beginner-friendly in terms of entry hurdles. Interested parties can get started for as little as 10 CADs. With other forex brokers, deposits of 50 euros or more are usually required. Most traders can only participate in trading from 200 euros. Here, however, also the note that a balanced portfolio should exist for successful trading with Forex products. This cannot be achieved with deposits and stakes of 10 CADs. Anyone who really wants to trade lucratively should therefore think about higher deposits.
The minimum transaction size at GKFX is a very fair 0.1 lot. The spreads at the majors arecompared to direct competitors rather mediocre. They range from 1.5 to 1.8 pips. Spreads practically describe the trading commission that a forex broker gets.
Above-average abundance of underlying assets
At GKFX, all customers get their money's worth. In terms of currency pairs, there are over 100 different tradable base rates that can be traded. GKFX makes every effort to constantly expand this offer. in addition to majors, there are also some exotic currencies. We strongly recommend beginners and newcomers to keep their hands off these. This is more of a matter of speculation if the financial markets and connections are largely unclear. In addition, news and information on exotic currencies are usually not transported quickly enough to the Canadian-speaking area, so that the usual trader has no chance of being able to actively and successfully trade here.
With over 600 different CFDs from the GKFX is very versatile in the areas of equities, indices and commodities. The competition sometimes offers even more different base values, but 600 CFDs also fulfill almost all wishes of beginners and professional traders.
Educational offers: also interesting for beginners
Beginners often find it difficult to find their way in the complicated world of finance. However, our test has shown that the broker does everything possible to help newcomers. A large section is made available to you with videos, tutorials, guides, training courses, webinars and some more. An economic data calendar is of course included. With Autochartist there is also automatic chart analysis and. Trading Central is also available with a lot of useful information.
We were particularly impressed by the live trading test, which takes place at least once a week and is a great introduction to the world of trading for those who are interested. A real tip for anyone who wants to look over the shoulders of the professionals.
And another positive feature: the GKFX demo account is available to you longer than the announced 30 days if you have a live account open. This allows strategies to be tested as a demo for free on the real market. In our opinion and experience, this is a very interesting option.
Overall rating: GKFX is that good
GKFX is undoubtedly one of the best brokers for trading in Forex and CFDs that the Canadian market has to offer. Due to the double regulation and the Canadian support, customers can be sure of the seriousness of the internationally oriented company. Our experience has also been able to confirm this again.
The offer of GKFX is also versatile. Social trading, leverage of up to 400:1 and the possibility of connecting to MetaTrader 4 lay the foundation, low entry hurdles, fair spreads and extensive training opportunities ensure an overall high rating from GKFX. Registration is strongly recommended.
I only switched to GKFX because it gave me the opportunity for social trading. In my opinion, the broker is currently still too small to be able to use real social trading. there are just too few signalers for me to make real money overnight without lifting a finger. I am therefore trying my hand at CFDs, which has worked quite well so far. I am very enthusiastic about the design of the website and the customer support and have therefore already recommended the broker to my trader friends. I would like to repeat that again here: the prices for trading are very cheap and trading with GKFX Trader is a lot of fun.
written 74 months ago
Florian S.|| |375
Mir wurde der Broker von Freunden empfohlen, die bereits schon etwas länger im Business sind und schon etwas länger handeln. Wie mir vorher berichtet wurde sei das Angebot an unterschiedlichen Webinaren einzigartig groß und inhaltlich sehr tiefgreifend. Diesen Eindruck kann ich wohl bestätigen. Ich habe in kurzer Zeit viel über den Handel mit CFDs gelernt. Bei einer Frage habe ich den Kundenservice kontaktiert, der mir auf Deutsch auch zu inhaltlichen Fragen eine Antwort gab. Das tun sie wohl eigentlich eher weniger, dem Support geht es mehr darum bei Schwierigkeiten mit dem Handelsprogramm zu helfen. Dennoch alle sehr freundlich sehr nett ich handle gerne bei GKFX.
written 72 months ago
I've been trading actively at GKFX for some time. I like the Metatrader 4 very much. There is a wide range of tools and indicators. I particularly like using automated trading.
Written 64 months ago
At first I was a bit skeptical about trading. GKFX has a trading demo account. So I first got to know the platform risk-free and free of charge and tried out strategies. And then I decided on the right trading account.
written 64 months ago
I liked the conditions of GKFX right away when I was looking for a good broker. Above all, there is no minimum account size, which also prompted me to register. Various markets are offered. I myself build on Forex and act accordingly.
written 63 months ago