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GKFX Prime Review

FX Scouts By Jeffrey Cammack Updated: May 24, 2020
Overall Rating
3.53 / 5
Min. DepositUSD 5
Max. Leverage1000:1
Min. Spread0.0 pips
Regulators FCA,B.V.I FSC
Regulator Origin FCA B.V.I FSC
Trading Desk Type

Summary

GKFX Prime was founded by GKG, a Malta-based Fintech company, in 2012 and is regulated by the BVI's Financial Services Committee. With, no required minimum deposit, a good range of account types - including fixed spread, variable spread and commission-based ECN - and a decent education section, GXFX Prime are a good choice for new traders.

A number of useful tools are also available, including AutoChartist and Trading Central - alongside ZuluTrade and Autotrade for those who prefer social trading - though support is only offered for MT4.

Reviews

Trust Rating
Trading Conditions
Trading Platforms
Deposit & Withdrawal
Education & Research
Assets Available
Customer Service
Beginner Friendly Standard
Bonuses 55% Trading Bonus
Our Review Process

Trading Conditions

Minimum DepositUSD 5
Base currenciesUSD, EUR, GBP, AUD
Number of FX Pairs53
Hedging Allowed Yes
Scalping Yes
Islamic Account Yes

Average Spreads

EUR / USD
GBP / USD0.4
USD / JPY0.3

Company Details

Company nameGKFX Financial Services Ltd
Founded2009
Website www.gkfxprime.com
Type Market Maker
Regulators FCA,B.V.I FSC
Office locations China, Malaysia, Indonesia, Thailand, Vietnam, UAE

Deposit & Withdrawal Methods

Supported Platforms for GKFX Prime

Most retail CFD accounts lose money. Your capital is at risk.

Compare CFD Brokers

Overall Rating 3.53 / 5 4.44 / 5 4.23 / 5
Minimum DepositUSD 5AUD 100USD 50
Regulation
FCA FCA
B.V.I FSC B.V.I FSC
CySEC CySEC
ASIC ASIC
FCA FCA
ASIC ASIC
FSCA FSCA
Trading Desk Type
Trading InstrumentsCommodities, Cryptocurrencies, Forex, Indicies, Equities, Spread BettingCommodities, Cryptocurrencies, Forex, Indicies, Equities, Metals, Vanilla OptionsCryptocurrencies, Forex, Indicies, Metals, Equities, Bonds, WTIs
Forex Pairs5310339
Crypto Pairs535
Pros
  • Innovative trading tools
  • Wide range of assets
  • Low minimum deposit
  • Well regulated
  • Wide range of assets
  • Innovative trading tools
  • Well regulated
  • Great platform choice
  • Excellent education
  • Innovative trading tools
Cons
  • Expensive withdrawals
  • Limited education
  • Limited platform choice
  • Limited account options
  • Limited demo account
Read Full Review Read Full Review
Trust Rating 4 / 5 5 / 5 5 / 5
Trading Conditions 3 / 5 4.5 / 5 4 / 5
Trading Platforms 4.5 / 5 4 / 5 4.5 / 5
Deposit & Withdrawal 1 / 5 4.5 / 5 2.5 / 5
Education & Research 3 / 5 4 / 5 4.5 / 5
Assets Available 4.5 / 5 4.5 / 5 4.5 / 5
Customer Service 4 / 5 4.5 / 5 4 / 5
% Lose with this broker 80.95% of retail investor accounts lose money when trading CFDs with this provider 73% of retail investor accounts lose money when trading CFDs with this provider 73.05% of retail investor accounts lose money when trading CFDs with this provider
Leverage1000:1400:1400:1
Spread0.0 pips0.9 pipsVariable pips
Hedging Yes Yes Yes
Scalping Yes Yes Yes
Account Types
  • VIP Varibale (Vip)
  • VIP (Professional)
  • Standard (Mini)
Islamic Account Yes Yes Yes
Trading Platforms MT4, Sirix MT4 MT4, NinjaTrader
Funding Methods Bank Transfer, Sofort Banking, Visa, Mastercard, Maestro, Skrill, Neteller Bank Transfer, Sofort Banking, Visa, Mastercard, Maestro, Skrill, Neteller, Astropay Bank Transfer, Visa, Mastercard
Trading Commission Fees Included in Spread Fees Included in Spread From 6 USD / lot
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GKFX Prime

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Overall Rating 3.53 / 5 4.44 / 5 4.23 / 5
Minimum DepositUSD 5AUD 100USD 50
Regulation
FCA FCA
B.V.I FSC B.V.I FSC
CySEC CySEC
ASIC ASIC
FCA FCA
ASIC ASIC
FSCA FSCA
Trading Desk Type
Trading InstrumentsCommodities, Cryptocurrencies, Forex, Indicies, Equities, Spread BettingCommodities, Cryptocurrencies, Forex, Indicies, Equities, Metals, Vanilla OptionsCryptocurrencies, Forex, Indicies, Metals, Equities, Bonds, WTIs
Forex Pairs5310339
Crypto Pairs535
Pros
  • Innovative trading tools
  • Wide range of assets
  • Low minimum deposit
  • Well regulated
  • Wide range of assets
  • Innovative trading tools
  • Well regulated
  • Great platform choice
  • Excellent education
  • Innovative trading tools
Cons
  • Expensive withdrawals
  • Limited education
  • Limited platform choice
  • Limited account options
  • Limited demo account
Read Full Review Read Full Review
Trust Rating 4 / 5 5 / 5 5 / 5
Trading Conditions 3 / 5 4.5 / 5 4 / 5
Trading Platforms 4.5 / 5 4 / 5 4.5 / 5
Deposit & Withdrawal 1 / 5 4.5 / 5 2.5 / 5
Education & Research 3 / 5 4 / 5 4.5 / 5
Assets Available 4.5 / 5 4.5 / 5 4.5 / 5
Customer Service 4 / 5 4.5 / 5 4 / 5
% Lose with this broker 80.95% of retail investor accounts lose money when trading CFDs with this provider 73% of retail investor accounts lose money when trading CFDs with this provider 73.05% of retail investor accounts lose money when trading CFDs with this provider
Leverage1000:1400:1400:1
Spread0.0 pips0.9 pipsVariable pips
Hedging Yes Yes Yes
Scalping Yes Yes Yes
Account Types
  • VIP Varibale (Vip)
  • VIP (Professional)
  • Standard (Mini)
Islamic Account Yes Yes Yes
Trading Platforms MT4, Sirix MT4 MT4, NinjaTrader
Funding Methods Bank Transfer, Sofort Banking, Visa, Mastercard, Maestro, Skrill, Neteller Bank Transfer, Sofort Banking, Visa, Mastercard, Maestro, Skrill, Neteller, Astropay Bank Transfer, Visa, Mastercard
Trading Commission Fees Included in Spread Fees Included in Spread From 6 USD / lot

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Trading Forex and CFDs is not suitable for all investors and comes with a high risk of losing money rapidly due to leverage. 75-90% of retail investors lose money trading these products. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

Visit GKFX Prime

Most retail CFD accounts lose money. Your capital is at risk.

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