Commissions are the charges imposed by an investment broker on a trader for making trades on the trader’s behalf. The level of commissions will vary between different brokers and also depends on the asset being traded and the type of service offered by the broker. Margin is the amount of money required in your account in order to open a position. Margin is calculated based on the current price of the base currency against USD, the size of the position and the leverage applied to your trading account. GKFX Prime traders can benefit from fast deposit and withdrawal options, facilitated by the company to increase traders’ market exposure.
GKFX offers an impressive coverage of FX, equities, indices and commodities. While the account-types page says nothing about cryptos, apparently, the brokerage does cover quite a selection in this regard. GKFX Cambodia is the registered trademark of GKFX Cambodia Co Ltd, which is part of the Global Kapital Group. GKFX Cambodia Co Ltd is authorized and regulated by the Securities and Exchange Commission of Cambodia (“SECC”) under the license 026 (០២៦ គ.ម.ក/អ.ប./ឈ.ឧ.). We designed four accounts based on the most preferred styles globally.
We offer leverage products and the fast moving nature of markets means that you can lose funds rapidly. GKPro is not able to give advice to prospective clients about the appropriateness of our products. Prospective clients are recommended Foreign exchange market to seek specialist tax and financial advice before investing in any of our products. GKFX is established in 2010 and regulated by FCA in the UK. With all these accounts, losses can exceed deposits, so traders are warned to be careful.
Education Resources At Gkfx
You can review our privacy policy to find out more about the cookies we use. Tell our team and traders worldwide about your experience in our User Reviews tab. Research & analysis has been outsourced to third parties, which is fine, especially if the adolescent age of this broker is factored in. Education is provided primarily through video lessons, but not all videos are playable and this section showed an overall sloppy approach.
The FAQ section makes no mention of it either, and while there is a Payment Methods section listed in the help section, clicking on it only reloads the page. Details may be provided inside the back-office after an account is open, but deposit and withdrawal information is essential and should be provided on the website. Autochartist is a great trading tool most new traders will learn to appreciate as it scans markets automatically for real-time trading opportunities. It additionally creates three market reports every day with an overview of popular markets. It can be retrieved via the MT4 Trader plugin or through the web trader.
Forex Peace Army
And an Economic Calendar ensures traders never miss out on important events. Traders are guarenteed to close your trade at your specified price. Stop Loss orders are guaranteed only during market hours and under normal trading conditions. All money funded to GKFX is placed into a segregated tier 1 bank account. this means your money in not held by GKFX directly but a tier 1 bank. The broker has no direct access to your funds so cannot misappropriate your money. Be aware that Different entities under GKFX Brand offer different trading instruments due to regulatory restrictions.
In a fast market as Forex, the customer support has to be top-notch, let alone available. There is no excuse for not replying to clients especially if it concerns withdrawals. We would kindly suggest the broker to pay attention to this matter and remodel its customer support policy.
- MT4 comes with powerful charting features, complete with a huge number of drawing tools and technical indicators.
- According to research recently done, GKFX Prime is a forex broker company in the British Virgin Islands.
- Over 11 years later GKFX has grown to offering retail investors Forex trading, CFDs trading, and Spread Betting trading.
- A broker may charge a commission fee as a service charge for facilitating the buying and selling of financial assets through your trading account.
- TopBrokers.com would like to remind you that the data contained in this website is not necessarily real-time nor accurate.
- Below is a list of the most common review questions that traders ask about this online forex GKFX broker.
I have been in trading business for almost 30 years and the latest 15 years of this period has been devoted to foreign exchange trading. GKFX also provides an excellent platform for spread betting. As it so happens, they are perhaps the only brokers in the industry who offer spread bettors all the benefits of a regular trading platform with MT4 support. The forex trading software provided by a broker company to its clients is called the platform and is used to carry out their trades. If you want to avoid problems with the broker, you’d better learn from your personal manager the terms of account verification, the rules for using bonuses, and the crucial nuances and pitfalls of withdrawal of funds. In general, GKFX has yet to conquer the market and its audience, which means that there will be more reviews about it and it’s too early to draw conclusions about the company. Depositing money via credit cards and electronic payment systems is instant, while bank transfers will bring you funds in up to five working days.
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The bonus is available only for newcomers of the platform, it’s valid for the users of the ECN and MT4 account, and it represents a reduction of the commission paid to the broker by 20% in the course of trading. Terms of work with the bonus should be specified by the personal manager.
Economic news section, economic calendar section and forex TV section for live streaming news. Analysis and research section where traders can get daily research analysis of currencies and commodities. , they should maintain a sufficient level of margin to sustain their positions, since trading Forex/CFD and Options on margin carries a high level of risk. It has already won some of the industry’s most respected awards – the first only a year after its launch. Indicators List – The economic data list for when a trader are following current market conditions while managing investments. should avail themselves of all possible information and trading skills needed to be successful in the world of forex and commodity trading.
GKFX is regulated, governed and supervised by reputable financial regulatory bodies. Regulatory bodies monitor the behavior of the brokers and if things go wrong they will take necessary action. Before trading online with a broker such as GKFX you should be sure they’re legitimate online agent. Having any money you deposit with GKFX means that your funds are safe in a bank that has enough capital to accommodate your GKFX Forex Broker Review withdrawal wishes even if GKFX goes out of business for some reason. Asset availability is the same across all three account types, but it only lists 42 currency pairs while over 50 are mentioned at other sections of the website. A more professional approach would be to ensure all the information agrees with each other and while this is only a minor oversight, it does show that GKFX is still working out some kinks.
Trading Platform
They can represent a specific set of the largest companies of a nation or they can represent a specific stock market. These prevent brokers to directly or indirectly provide the retail client with certain benefits in relation to the marketing, distribution or sale of a CFD, other than the realised profits on any CFD provided. The bonus is just a reward for the trader’s choice that gives some of these expenses Currencies forex back to the trader, once proving himself as an active trader. Cost of trading depends on different factors like commissions, spread and margins. The wider spreads are in place to make up for the revenue lost by the broker that would have otherwise have been made by charging interest for holding the positions overnight. We should also mention that all GKFX client funds are held in segregated accounts.
Please make sure your comments are appropriate and that they do not promote services or products, political parties, campaign material or ballot propositions. Comments that contain abusive, vulgar, offensive, threatening or harassing language, or personal attacks of any kind will be deleted. Comments including inappropriate, irrelevant or promotional links will also be removed. GKFX receives all of its revenues from spreads, commissions and clients losses where it acts as a market maker. GKFX offers its educational section delivered primarily through video lessons. This broker offers quite an extensive selection of educational videos, but not all are available for viewing which was rather disappointing.
Users have direct access to financial markets through the ECN network. The company provides trading assets such as stocks, precious metals, energy, futures and options are also available for trading. Risk Warning – Trading CFDS, FX and Cryptocurrencies involves a high degree of Foreign exchange reserves risk. You should consider whether you can afford to take the risk of losing your money. As part of our GKFX review we review customer service options, response times and GKFX trading platform problem resolution effectiveness.GKFX support a limited number including English.
Besides wire transfer, traders can pay and withdraw via credit cards and Neteller. There is also the fast deposit and withdrawal option which accelerates the payment process.
Reviews 6
Those who are searching for more exclusive options can add the premium MYFX console to the MT4 platform via a subscription fee. By combining the MYFX console traders can further enhance their trading experience owing to greater control over their trading activity. Keeping in mind their clients’ trading needs, especially those with more experience the company has teamed up with MYFX. The partnership with MYFX brings the MYFX trading console to power users so that they can get more out of the MT4 platform. when opening an account, they turn inside out and pretend that we are hiding something or deceiving. In the mobile application part, a very weak graphical part.
Brokers that do not charge minimum deposits do so usually to attract new customers. They have to make some way, so transaction commissions and other trading fees may be higher with a low minimum deposit account. A minimum deposit is the minimum amount of money required by GKFX to open a new online brokerage account with them. Spreads and commissions are applied to all trades, and these are the main revenue generator for GKFX. It also appears that this broker is a market maker which means it is usually the counterparty to retail positions and earns the money lost by its clients. GKFX does publish an order execution policy, but the execution model was not mentioned.