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GKFX Prime Broker Review

FX Scouts By Jeffrey Cammack Updated: February 16, 2020
Overall Rating
3.64 / 5
Min. DepositUSD 5
Max. Leverage1000:1
Min. Spread0.0 pips
RegulatorsFCA,B.V.I FSC
Regulator Origin FCA B.V.I FSC
Broker TypeMarket Maker

Summary

GKFX Prime was founded by GKG, a Malta-based Fintech company, in 2012 and has expanded rapidly across the globe, winning awards for its service across Asia and Africa. 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
Swap-Free Accounts Yes

Average Spreads

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

Company Details

Company nameGKFX Financial Services Ltd
Founded2009
Website Visit Website
TypeMarket Maker
RegulatorsFCA,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.

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Overall Rating 3.64 / 5 3.89 / 5 4.34 / 5
Minimum DepositUSD 5ZAR 1500USD 100
Regulation
FCA FCA
B.V.I FSC B.V.I FSC
CySEC CySEC
ASIC ASIC
FSCA FSCA
MAS MAS
FMA FMA
CySEC CySEC
ASIC ASIC
Broker TypeMarket MakerMarket MakerMarket Maker
Trading InstrumentsCommodities, Cryptocurrencies, Forex, Indicies, Equities, Spread BettingCommodities, Cryptocurrencies, Forex, Indicies, Equities, Vanilla Options, ETFsCommodities, Cryptocurrencies, Forex, Indicies, Metals, Vanilla Options
Forex Pairs5370+103
Crypto Pairs593
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Trust Rating 4 / 5 5 / 5 5 / 5
Trading Conditions 3 / 5 3 / 5 4.5 / 5
Trading Platforms 4 / 5 4 / 5 4 / 5
Deposit & Withdrawal 3 / 5 3 / 5 4.5 / 5
Education & Research 3 / 5 3 / 5 3.5 / 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 76.4% of retail investor accounts lose money when trading CFDs with this provider 74% of retail investor accounts lose money when trading CFDs with this provider
Leverage1000:1300:1400:1
Spread0.0 pipsNot Disclosed pips0.9 pips
Hedging Yes No Yes
Scalping Yes No Yes
Account Types
  • ECN Zero Account (Mini)
  • Standard Fixed (Mini)
  • Standard Variable (Mini)
  • VIP Varibale (Vip)
  • Standard (Standard)
  • Islamic
  • Premium (Professional)
  • Standard (Standard)
  • Super VIP (Vip)
  • VIP (Professional)
Swap Free Yes Yes Yes
Trading Platforms MT4, Sirix Plus500 MT4
Funding Methods Bank Transfer, Sofort Banking, Visa, Mastercard, Maestro, Skrill, Neteller Bank Transfer, Visa, Mastercard, Skrill, Paypal Bank Transfer, Sofort Banking, Visa, Mastercard, Maestro, Skrill, Neteller, Astropay
Trading Commission Fees Included in Spread Fees Included in Spread Fees Included in Spread
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Overall Rating 3.64 / 5 3.89 / 5 4.34 / 5
Minimum DepositUSD 5ZAR 1500USD 100
Regulation
FCA FCA
B.V.I FSC B.V.I FSC
CySEC CySEC
ASIC ASIC
FSCA FSCA
MAS MAS
FMA FMA
CySEC CySEC
ASIC ASIC
Broker TypeMarket MakerMarket MakerMarket Maker
Trading InstrumentsCommodities, Cryptocurrencies, Forex, Indicies, Equities, Spread BettingCommodities, Cryptocurrencies, Forex, Indicies, Equities, Vanilla Options, ETFsCommodities, Cryptocurrencies, Forex, Indicies, Metals, Vanilla Options
Forex Pairs5370+103
Crypto Pairs593
Read Full Review Read Full Review
Trust Rating 4 / 5 5 / 5 5 / 5
Trading Conditions 3 / 5 3 / 5 4.5 / 5
Trading Platforms 4 / 5 4 / 5 4 / 5
Deposit & Withdrawal 3 / 5 3 / 5 4.5 / 5
Education & Research 3 / 5 3 / 5 3.5 / 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 76.4% of retail investor accounts lose money when trading CFDs with this provider 74% of retail investor accounts lose money when trading CFDs with this provider
Leverage1000:1300:1400:1
Spread0.0 pipsNot Disclosed pips0.9 pips
Hedging Yes No Yes
Scalping Yes No Yes
Account Types
  • ECN Zero Account (Mini)
  • Standard Fixed (Mini)
  • Standard Variable (Mini)
  • VIP Varibale (Vip)
  • Standard (Standard)
  • Islamic
  • Premium (Professional)
  • Standard (Standard)
  • Super VIP (Vip)
  • VIP (Professional)
Swap Free Yes Yes Yes
Trading Platforms MT4, Sirix Plus500 MT4
Funding Methods Bank Transfer, Sofort Banking, Visa, Mastercard, Maestro, Skrill, Neteller Bank Transfer, Visa, Mastercard, Skrill, Paypal Bank Transfer, Sofort Banking, Visa, Mastercard, Maestro, Skrill, Neteller, Astropay
Trading Commission Fees Included in Spread Fees Included in Spread Fees Included in Spread

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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.

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

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