The foreign exchange market is a currency changing market which allows individuals to earn extra money on a side. Therefore, the market is very competitive, and many brokers and traders are trying to get the best deals for themselves. As a result, many companies both legal and illegal developed for the past several years. It means that everyone should be careful as much as possible to find the broker company which will not only fit their needs but also be regulated and reliable. Among regulated companies, there is GXFX which employs 400 experts in financial and software industry. It is a number which immediately leaves the impression of the excellent and trustworthy company. On the other hand, the number of satisfied clients says even more about the success of the GKFX.
Forex Brokers We Recommend
|$ 5||$30 No-Deposit Bonus*||Review|
|$ 250||up to 20% based on first deposit||Review|
|$ 50||50% Bonus that Offers Up to 5000 USD||Review|
|$ 200||No Information||Review|
Background and Regulation
GKFX is a global company with headquarters in London. Besides, it has locations in 18 cities and 14 countries around the world – from Beijing to Warshaw. The company was established in 2010, and it grows rapidly ever since. It is the group which puts a central focus on their clients, regularly providing them with a quality of service and products. Most importantly, GKFX is authorized and regulated by the Financial Conduct Authority (FCA) in the United Kingdom with registration number 501320 and the company number 6837942. Therefore, the company is obliged to follow FCA rules, besides they perform regular inspections to be sure that the companies follow the rules. This further means that all the accounts are separated and that all the funds are secure.
GKFX Trading Platform
Like many other regulated companies GXFX uses the MetaTrader4 trading platform which is the leading global trading platform and it is meant for clients of all levels of experience. This platform includes mobile application as well as an online platform offering great flexibility and easy access anytime. Besides, it will also bring you the latest financial reports, as well as careful analyses and charting capabilities.
GKFX Account Types
The company offers several account types which are appropriate for all levels of experience. Such are:
- FIX – with spreads from 1.5* pips, minimum lot 0.01 and minimum account opening deposit 0
- Variable – with spreads from 1.2* pips, minimum lot 0.1 and minimum account opening deposit 0
- Swap Free – with spreads from 2.5* pips, minimum lot 0.1 and minimum account opening deposit 0
- VIP – with spreads from 0.6* pips, minimum lot 1 and minimum account opening deposit $25,000
- Corporate Account – with spreads from 0.6* pips, minimum lot 1and minimum account opening deposit €25.000
GXFX offers initial offer which brings 40% bonus on first deposits. The only necessary thing is to open an account, make a deposit and apply for the bonus. Immediate withdrawal is not possible, and it is only possible to withdraw profits; besides, bonuses cannot exceed €/$/£ 800 and it is valid only for the first month.
As GKFX recommends it, the easiest way to deposit funds is to use a credit or debit card. Minimum deposit is 20 GBP/EUR/USD. It is important to say that third party payments are prohibited and that you will be able to do deposits, as well as withdrawals only with your e-mail and other personal details. There is also a possibility to use an e-wallet – Skrill, as well as bank transfer – Sofort and iDeal. Sending funds to another broker is possible, but it is necessary to require transfer form from the customer service. The minimum requirement of 5,000 USD/EUR/GBP per transfer and most importantly, GKFX can accept only funds from an FCA regulated brokers. Moreover, there are no fees for UK Debit or Credit cards, and if you use cards from other countries than there is a small fee to be paid. International payments may take up to 5 days, and you also should be aware that the deposits can only be allocated in business hours, meaning from 9 am to 5 pm UK time, from Monday to Friday. Fast allocations are possible if you require and contact the customer service. When it comes to withdrawals, you must confirm the Withdrawal Verification Code (WVC) which is going to be sent your registered address. GKFX payment service does not provide refunds to Skrill. However, your registered bank will be the option in that case. The minimum withdrawal amount is 50 GBP/EUR/USD unless your full balance is less than that. All the requests for withdrawal should be received on a business day before 2 pm UK time and will be processed on the same day.
As we already mentioned, GKFX cares about their clients which means they offer great support at any time. They have pretty extensive FAQ section which can help you a lot. However, if you have any specific issues there are two visible phone numbers, support option, live chat, Let Us Call You request as well as two other contact options. It certainly says a lot about the company approach and goals.