What is GKFX Prime?
GKFX Prime is an online forex and CFD broker that was established in 2012. The broker is based in the United Kingdom. GKFX Prime provides traders with a range of trading instruments, including forex, indices, commodities, and cryptocurrencies. They offer various account types and trading platforms, including the popular MetaTrader4 and MetaTrader5 platforms. GKFX Prime also provides educational resources and customer support in multiple languages.
What Type of Broker is GKFX Prime?
GKFX Prime is a Straight Through Processing (STP) broker that offers clients direct access to interbank markets without the need for a dealing desk or human intervention. This means that trades are executed instantly and efficiently without any conflict of interest between the broker and the client.
Pros & Cons
Is GKFX Prime Safe or Scam?
As GKFX Prime is an unregulated broker, its reliability may be a concern for some traders.
Heres the revised table without the last column:
Notes:
- The “Suspicious Clone” status indicates that the claimed licenses might not be authentic and could be falsified.
- Traders are strongly advised to independently verify these claims with the respective regulatory authorities.
Market Instruments
GKFX Prime offers 400+ financial instruments to trade, including forex, commodities, indices, stocks, and cryptocurrencies.
Forex: over 50 currency pairs, including major, minor, and exotic pairs.
Commodities: including gold, silver, oil, and natural gas.
Indices: over 20 global indices, including popular indices like the S&P 500, FTSE 100, and DAX 30.
Stocks: over 300 stocks from companies listed on exchanges in the US, UK, Germany, and France.
Cryptocurrency: including Bitcoin, Ethereum, and Litecoin.
Account Types
Apart from free demo accounts, there is a large variety of live trading accounts available at GKFX Prime, and each one is tailored to the specific requirements of the clients.
A trader's risk appetite, the quantity of their initial investment, and the amount of free time they have daily to devote to trading the Forex market are all important considerations when deciding which account type will best suit their needs.
The account types include the following: Standard Fixed, Standard Variable, VIP Variable and ECN Zero. Additionally, Islamic accounts are available for clients who follow Sharia laws. There is no minimum deposit requirement for Standard Fixed, Standard Variable and ECN Zero accounts, while $5,000 for VIP Variable accounts.
Leverage
The maximum leverage offered by GKFX Prime is 1:400. However, the leverage available to you may vary depending on your location and the regulatory restrictions in place.
Spreads & Commissions
Different account types have different trading conditions. Specifically, Standard Fixed accounts have spread from 1.8 pips and no commissions; Standard Variable accounts have spread from 1.2 pips and no commissions; VIP Variable accounts have spread from 0.6 pips and no commissions; ECN Zero accounts have spread as low as 0.0 pips but have to pay a commission of 10/lot.
Below is a comparison table about spreads and commissions charged by different brokers:
Trading Platforms
GKFX Prime offers the MetaTrader4 (MT4) and MetaTrader5 (MT5) trading platforms, which are popular and widely used platforms among traders. They provide access to a range of tools and features, including advanced charting, technical analysis tools, automated trading capabilities, and the ability to customize and use third-party indicators and trading algorithms.
They are both available for desktop, web, and mobile devices, making it convenient for traders to access their accounts and trade from anywhere at any time. Additionally, GKFX Prime offers a VPS (Virtual Private Server) service to clients who require faster and more reliable connection to the MT4 and MT5 platforms.
Deposits & Withdrawals
While there is no minimum deposit requirement with GKFX Prime, we advise putting up at least five dollars so that you have more flexibility and a higher chance of building positions large enough to make a difference in the markets. The company offers quick deposit and withdrawal alternatives to GKFX Prime traders so that regular traders can have more faith in the platform and gain more market access.
Credit cards (Visa, MasterCard and Maestro), bank transfers and e-wallets such as Neteller and Skrill are all acceptable methods of payment, so long as the buyer has provided the necessary “know your customer” papers to comply with AML regulations. The most common of them is a photocopy of your passport and some form of the recent bill showing your current address.
Credit cards and bank transfers are both acceptable withdrawal methods. Transfers made with a credit card take three to five business days to process, while wire transfers can take anywhere from one to five days. Withdrawal is free of charge.
GKFX Prime minimum deposit vs other brokers
GKFX Prime Money Withdrawal
To withdraw funds, clients need to log in to their account, go to the “Withdrawal” section, select the preferred withdrawal method, and follow the instructions provided. It's worth noting that GKFX Prime may require additional documentation for verification purposes before processing the withdrawal request.
Bonus & Fees
GKFX Prime claims to offer a 100% welcome bonus and a 50% re-deposit bonus. In any case, you should be very cautious if you receive a bonus. First of all, bonuses aren't client funds, they're company funds, and fulfilling the heavy requirements that are usually attached to them can prove a very daunting and difficult task.
Apart from commission fees on the ECN Zero account, there are no other fees charged.
See the fee comparison table below:
Customer Service
GKFX Prime offers customer support in multiple languages through various channels including live chat, phone, and email. Their customer support is available 24/5, which means that traders can get assistance during the trading week. Additionally, GKFX Prime provides support through social media platforms such as Facebook, Twitter, LinkedIn, Instagram and YouTube.
The broker also provides an FAQ section and educational resources on its website to assist traders. Overall, GKFX Prime has a good reputation for customer support.
Frequently Asked Questions (FAQs)
gg315
South Korea
When you invest a small amount of money, they will let you withdraw a little profit. But once you invest a large amount of money, they will find excuses to say that there is a problem with your account and that the trading volume needs to be doubled. I reached the trading volume equivalent to the amount I invested, but when I contacted customer service to apply for withdrawal, they immediately closed my chat window. When I reopened the customer service interface, it was just a blue screen. Everyone must be vigilant against scam platforms and prevent more victims!!!
Exposure
2024-08-24
FX2492920623
Thailand
Severe slippage: Bought at the highest point in just 2 seconds and dropped to the lowest point in just 3 seconds.
Exposure
2024-08-13
Hoàng 8540
Vietnam
After transferring the money, the staff informed me that the money transferred to the bank was locked. When asked by the bank, the bank said it was still operating normally. If they called back, the gkfx staff told me to go to the bank to get it back, but I waited. gkfx still refuses to confirm the refund. After that, I actively closed my MT4 account and it said it was transferred to Dex invening......In general, withdrawing or depositing money is difficult (with evidence).
Exposure
2024-02-05
Hoàng 8540
Vietnam
The floor actively changes my tk through Dex Invitation.... The homepage cannot be logged in... Unable to withdraw, lost TK, deposit not transferred to my MT4 account...
Exposure
2023-10-06
九天084
Hong Kong
GKFX-gkfxprime, the website cannot be opened at all, let alone withdraw money, it is truly a fraud platform!
Exposure
2023-08-01
FX1635022230
Hong Kong
I didn't make a withdrawal today, but my funds were withdrawn for no reason, and I was sent an email saying that I had to migrate my account. Is it possible to migrate the account and take away the client's funds as well? Does anyone know what's going on?
Exposure
2023-07-29
夏。律子是甚
Hong Kong
In July this year, my trading account suddenly could not log in, gkfx customer office can not log in, suspected to be closed!
Exposure
2023-07-16
咣当一下子
Hong Kong
Cannot log in via the official website. Cannot proceed withdrawal and deposit. I do not know if they have new official website
Exposure
2023-01-27
无罪释放
Hong Kong
I worked as an agent in JKFX for a period of time, and all the customers developed by myself were forcibly transferred to the account manager of the platform to be an agent. The customer service for withdrawals on this platform does not respond. The withdrawal time cannot be known. The account manager can't develop the customer by himself. Forcibly turn the user under the agent into the agent phone to communicate with me. I have made it clear with the official service account manager that it is impossible to agree to the customer under my agent to become an agent. And insisted that I agreed. It was almost impossible to record the phone calls. All the clients who became an agency developer got them all. If the account managers and leaders of a platform do this kind of thing, what else can the platform expect. Junk platform. The former account manager revealed (who has left) that the domestic customer service department is outsourced. The headquarters is not in the UK, the boss is Chinese, and the licenses are all decks. The headquarters has always been in Malaysia. The boss's operation idea is to change the route of cutting leeks. The best thing to do on this platform is to be careful. When you can withdraw money, withdraw money as soon as possible, while you can get it now. Now Jiekai is ready to change its name and name: fairmarket ask their account manager. Said to be a newly purchased platform by the group, and the GK group was also replaced by the trive group. Said to be a group reorganization. It's all nonsense. Is it necessary for a platform that is developing better and better to be reduced to account managers to turn all the clients under the agency into agents? Even the customer withdraws 8,000 US dollars. Transfer more money. And also ask customers to turn back. Don't know how to fool customers. Because yesterday I exposed this incident on various exposure platforms, and the platform has stopped my own trading account for rebates. From then on, it seems that the platform has started to do things by unscrupulous means. For GK who have been working for so long, I also recognize the reality, why account managers leave one after another, and the platform's official website is frequently reported. There really is a reason for that. In order to make money without conscience, the next step may be to start with funds. Brothers who saw the content of this complaint also reported each other in any case to prevent more Hui friends from entering the trap.
Exposure
2022-11-03
无罪释放
Hong Kong
I worked as an agent in GKFX for a period of time, and all the customers developed by myself were forcibly transferred to the account manager of the platform to be an agent. The customer service for withdrawals on this platform does not respond. The withdrawal time cannot be known. The account manager can't develop the customer to forcibly turn the user under the agent into the agent phone to communicate with me. I have made it clear with the official uniform that it is impossible to agree to the customer under my agent as an agent. And insisted that I agreed. I checked that there was no phone recording. All the clients who became an agency developer got them all. Junk platform. The former account manager revealed (who has left) that the domestic customer service department is outsourced. The headquarters is not in the UK, the boss is Chinese, and the licenses are all decks. The headquarters has always been in Malaysia. The boss's operation idea is to change the route of cutting leeks. The best thing to do on this platform is to be careful. When you can withdraw money, withdraw money as soon as possible, while you can get it now. Now Jiekai is ready to change its name and name: fairmarket ask their account manager. Said to be a newly purchased platform by the group, and the GK group was also replaced by the trive group. Said to be a group reorganization. It's all nonsense. Is it necessary for a platform that is developing better and better to be reduced to account managers to turn all the clients under the agency into agents? Even the customer withdraws 8,000 US dollars. Transfer more money. And also ask customers to turn back. Don't know how to fool customers. Brothers who saw the content of this complaint also reported each other in any case to prevent more Hui friends from entering the trick.
Exposure
2022-11-02
Sophea Soy
Cambodia
I Dont see Money pay go my ABA account PHY SAMON 004365016
Exposure
2022-09-27
FX2329137826
Hong Kong
6000 yuan was defrauded in the afternoon of July 30, 2022. The whole thing happened. On the morning of the 28th, I was inexplicably pulled into a Q group named "like a fish in water group 11". At first, I didn't pay attention to it. There were always people sending messages behind me, so I clicked in to have a look. It is now dissolved. Then say that this group is to increase the fans of Tiktok, pay attention to the return of Tiktok, about fiveorsix yuan, and let the attention include song Jiaer, Piyou, restless a Jun, fatty meow who loves to steal, and so on (no malice, that is, to be practical and realistic). When brushing Tiktok videos, I paid attention to some of them before, thinking that it must be to increase more fans, I didn't care, and then the group owner let me download an app, Capgemini, The next task is to add a receptionist to the app, and then be pulled into a group. You can't see the members of the group, and you can't chat privately. You still pay attention to the Tiktok number. After you first make a few orders, you start to release about 100 tasks, but these tasks need to be paid in advance. The Commission is about 40 or 50, and you can withdraw cash when you complete them. You don't dare to do them at the beginning, Then look at the screenshots of cash withdrawal after completing the task in the group I was so excited that I began to do the registration service. This task is that after the order taker gave the bank card number and transferred the money, another person took us to place a bet on a browser website, withdrew the cash after completion, and the amount after completion of a order became larger and larger; The Commission is also high. The people in the group are boasting that they earn more. They don't know how to do it by magic, so they followed suit. This is a bill of more than 1000, and that person pulled us into a small group There were five people in total. After finishing it, he said that this was a high-quality order, and he needed to complete another order before he could withdraw cash. Then he followed the crowd and watched the other three people do it, leaving me alone. Then the liar said that everyone was waiting for me, and then he was a little anxious, so he turned to 988, and then said that our operation was wrong, and the merchant needed to make a new teaching certificate before he could withdraw cash, and he needed to invest in a new order 4288, In this way, I was cheated step by step, almost 6000. So far, the money can't be refunded anyway. You have to pay 19800 to withdraw all the cash. It was found that you were cheated, so you didn't transfer it
Exposure
2022-07-31
Abby73440
Taiwan
The prive slumps quicklu and there is no security system. I lost 3.7 million TWD
Exposure
2022-05-12
大海汇眼
Hong Kong
Since August last year, GKFX used the pretext of moving out of business abroad, and the commission of the agent has not been given. It has been making us wait until the end of December 2021. As a result, any feedback so far is still unresolved. No! The sales manager who connected with GKFX also resigned! According to the result, GKFX has changed the boss!
Exposure
2022-04-18
ONeil
Hong Kong
The principal and profit of GKFX have been unable to arrive account since November 26. The customer service does not offer any explaination and just tell me to wait
Exposure
2021-12-07
星辰
Hong Kong
Withdrawal has not arrived for over 10 days. I have urged several times and they kept saying that it is under review
Exposure
2021-12-06
hj88828
Hong Kong
A complaint was filed against the dealer's two deposit failures. Claim: Compensate the account principal of 96260.87 US dollars. 1. On November 9, 2021, I made a total of 4 deposits, two of them have not been arrived. I called customer service on November 9th but no one answered. On November 10th, I called customer service several times and I was informed that the headquarters had not yet gone to work and could not be processed. It finally arrived until 13:45 pm on November 10, which resulted in a loss of 37168.77 US dollars in my account due to liquidation. 2. On November 10, 2021, all deposit channels of the dealer were paralyzed and unable to deposit funds. I called the customer service and the agent(ID: 9453) confirmed that the dealer’s deposit system were paralyzed after the customer service test and it caused my account to liquidate 59092.1 US dollars.
Exposure
2021-11-24
ZG78746
Hong Kong
The phone cannot be reached and QQ customer service cannot be contacted. I already make request for withdrawal
Exposure
2021-11-18
Dora Cheng
Taiwan
It was okay to withdraw at first, but the second time I could not withdraw after the deposit, and I was asked to pay margin...
Exposure
2021-11-08
A4203
Hong Kong
My withdrawal took more than 10 days although it was made on the backstage. The manager said it was the fault of the third party. I urged that the leader should solve it.
Exposure
2021-10-19