Broker Reviews
GKFX Demo Account Review | 2018 Must Read |
Table of Contents
GKFX Demo Account Review
GXFX which employs 400 experts in financial and software industry. Gives off the impression of professionalism ann the strive for excellence.
Trading Forex With GKFX Demo Account Review
Explore Their Trading Platforms
You can trade a variety of instruments including currency pairs, gold and silver.
So here you can try out the features and experience the benefits of the MT4 platform for Forex/CFDs trading. They will send you your MT4 Demo Account log in details to the email address you provide the moment you have created an account and you are good to go.
- Spreads (from 1,3 pips)
- Micro lot
- Up to 400:1 leverage
- +100 Currencies
- Shares
- Futures
- Indicies
- Metatrader 4
- WebTrader
- Expert Advisors
- Metatrader 4
- Back Testing
including EA capability, back testing and industry-leading charting.
GKFX Company Information
| Regulated by | FCA |
| Headquarters Country | United Kingdom |
| Foundation Year | 2010 |
| Publicly Traded | No |
Trading Account Options
| ACCOUNT TYPE | INFO |
|---|---|
| Min. Deposit | $0 |
| Max. Leverage | 1:400 |
| Mini Account | Yes |
| Demo Account | Yes |
| Segregated Account | Yes |
| Islamic Account | Yes |
| Managed Account | No |
GKFX Background and Regulation
GKFX Cryptocurrency and Forex broker 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.
for anyone that is somewhat familiar with this industry know that this regulation is a good one and that it forces the broker to keep the funds segregated. meaning their money is not mixed with yours. always a good thing
Trading Platform for GKFX Demo Account Trading
Like many other regulated companies GXFX uses the MetaTrader 4 trading platform from Metaquotes , which is and has been the leading global trading platform for the last 10 years.
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.
They have added the Autochartist plugin which in my opinion is an amazing Feature
GKFX Account Types
GKFX offers a wide range of account types, all of which have been designed to offer the trading conditions to the clients in a way that makes sense for that particular client
| FIXED | Variable | VIP | Corporate Account | |
| spread | from 1.5* | from 1.2* | from 0.6* | from 0.6* |
| Spread Type | Fixed | Variable | Variable | Variable/Fixed |
| Max Open Trades* | no | no | no | no |
| Max Open Position (Lot) | No | No | No | No |
| Max Trade Size (FX)** | 50 | 100 | 100 | 100 |
| Min Trade Size (FX)*** | 0.01 | 0.01 | 1 | 1 |
| Leverage**** | up to 400:1 | up to 400:1 | up to 100:1 | up to 400:1 |
| Account Base CCY | EUR,USD,GBP | EUR,USD,GBP | EUR,USD,GBP | EUR,USD,GBP |
| Trading Platform | MT4,WebTrader | MT4,WebTrader | MT4,WebTrader | MT4,WebTrader |
| FX | 50 | 50 | 50 | 50 |
| Commodities | 5 | 5 | 5 | 5 |
| Indices | 14 | 14 | 14 | 14 |
| quities | 300+ | N/A | N/A | 300+ |
| Min Deposit | No | No | $25,000 | $25,000 |
| Stop Out Level | 10% | 10% | 20% | 10 – 20% |
| Financing Costs (Swap fees) | Yes | Yes | Yes | Yes |
| Commission | No | No | No | No |
they Have a full service demo or practice account if you want to see their platform in action before you commit your funds. The demo account allows you to have access to the trading platforms and trade the markets virtually without suffering from any monetary risks.
Banking Options
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.
GKFX Bitcoin Customer Service
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.
in short if you need to reach them you will not have to look very hard to get to them , which is believe me very important
GKFX demo account
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