GKFX Review – Is it a Scam or Legit Broker (2024)

Information source:
The source of this information is the website and the broker's trading platform listed in the Web section of this review. The operator of this website does not verify this information and is not responsible for its accuracy, completeness, timeliness, truthfulness or the compliance of a broker with legal regulations. Please verify whether the broker is authorized to provide its services in your country of residence in accordance with the legal regulations that apply to its business.

In this GKFX Review, we are going to take a look at the offer that this broker prepared for its traders. GKFX is regulated by the FCA in the UK. GKFX operates on the financial market since 2008. When it comes to trading platforms, the broker features MetaTrader 5 and MetaTrader 4. The GKFX minimum deposit is 1 USD.

Between 74-89% of retail investor accounts lose money when trading CFDs You should consider whether you can afford to take the high risk of losing your money

Basic information from this GKFX Review

Website address:gkfx.com
Operated by: AKFX Financial Services Ltd.
Licensed and authorised by regulatory bodies:FCA MFSA
Supported languages:English, German, Spanish and Italian
Customer support available via:E-mail, phone, live-chat
Contact details:[email protected], 0044(0)2071861212
Available deposit methods:Bank transfer, VISA, MasterCard, Bitcoin, Qiwi, Skrill, WebMoney
Available withdrawal methods:VISA, MasterCard, Neteller, Qiwi, Skrill, WebMoney, Yandex Money
Minimum deposit:1 USD
Min. trade in lots:0.01
Spreads:Minimal spread on the currency pair EUR/USD - 0,6 pips * on standard account type
Tradable assets:
Might be a CFD.
Forex (50), cryptocurrencies (5)
Mobile app: Yes
MetaTrader 4:Yes
Other trading platforms:MetaTrader 5
Social trading:No

GKFX Fees (minimal spreads)

We have scanned fees (minimal spreads) that GKFX charges when trading popular currency pairs, here is their breakdown in pips.

EUR/GBP EUR/USD USD/CHF EUR/JPY GBP/USD USD/JPY
1,4* 0,6* * * * 0,8*

*Minimal spreads were recorded on 17.09.2020 at 09:38 for the standard account. GKFX spreads in the table above serve as illustrative examples only as they for instance, may change according to the market conditions.

Random reviews of competing FX & CFD brokers: LegacyFX, NextMarkets, AXNFX and FXGlobe

Frequently Asked Questions

🧐 Is GKFX a Scam?

GKFX is a broker licensed and regulated by the FCA and MFSA. While regulation gives to brokers much needed credibility, it still does not mean every regulated broker is honest. In order to be sure that GKFX is not a scam, read our trader reviews and check other popular trading related websites and forums.

🆓 What is the GKFX minimum deposit?

In order to start trading with GKFX, you have to deposit at least 1 USD.

📵 What deposit and withdrawal methods GKFX supports?

GKFX allows funding your account via Bank transfer, VISA, MasterCard, Bitcoin, Qiwi, Skrill, WebMoney.

⚖️ Would you recommend me choosing GKFX?

We don’t have our own personal experience with GKFX. However, because the broker is regulated by the FCA and MFSA, there is a high chance that it is not a scam. With that being said, it still does not mean that GKFX is the best option, as there are also hundreds of other regulated brokers with similar or even better trading conditions.

Should you be looking for a highly reliable broker featuring forex trading and CFDs, you can get your hands on our marketing broker Etoro – (77% of of retail investor accounts lose money when trading CFDs with this provider), which is a CySEC regulated company that allows trading from as little as $50 and charges highly competitive fees on all assets.

Broker Regulated by Regulatory agencies ensure that brokers operate in a transparent and honest way. They protect the best interests of clients and also feature an investor compensation scheme which protects trader´s deposits up to a certain limit. Some of the major regulators in the industry include the CySEC in Cyprus, the FCA in the UK and the ASIC in Australia. Min. deposit Trading platforms A trading platform is a computer or mobile software program used to execute transactions within the financial markets. Spreads Spreads of the following companies can be as low as Special features A list of features that provide a given broker with a competitive edge. Ad Disclosure The table below contains links to 3rd party websites of our top partners from whom we receive compensation at no additional cost to you.
CySEC FCAFSCA $ 10 MT4 & MT5 0.3 PIPs ¹
  • Competitive spreads
  • International support
Start tradingRead a review
CySECASIC £/€/$ 100 MT4 & MT5 1.0 PIPs¹
  • Competitive spreads
  • Great customer support
Start tradingRead a review
FCACySECASIC £/€/$ 0 MT4, MT5 & TradingView 1.0 PIPs¹
  • Competitive spreads
  • Great customer support
Start tradingRead a review

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage.

Between 74-89% of retail investor accounts lose money when trading CFDs You should consider whether you can afford to take the high risk of losing your money

¹ Variable spreads, spreads recorded for the EUR/USD on 11.01.2024 at 11:42 GMT.

4 Comments

  • I requested a withdrawal from gkfx weeks ago, money has now been shown in my account Howe er after 10 days the funds have still not cleared. I am worried that gkfx is yet another scam,

  • Mutual, we agreed a withdrawal from my gkfx account, BEFORE, , I paid taxes,exchange costs, for almost 50% of the amount on my GKFX account, I trusted gkfx as a certified broker registered in Malta, untill now I recieved not any € , Processing dept asks always for more euro’s in order to comply EU regulations, when not paid in time, a latenes penalty must paid on top , Now I wait what will happen

  • Gkfx is a scam will take you for every penny you have

  • scam artists i lost £200 they don’t return emails or calls all they wanted was me to invest £10,000
    i used the website built up £2,000 asked for a withdraw got nothing

    BEWARE THEY WANT YOUR MONEY

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