GKFX Financial Services Review06/27/12
GKFX Financial Services Ltd (trading name GKFX) was set up in 2008 and founded in 2009 by a management team of highly experienced individuals. This broker is a young, dynamic and forward thinking company that aims to be one of the biggest online derivative trading houses in the world, through substantial investment of capital, understanding of all areas of this industry as well as the needs and concerns of customers.
GKFX is authorised and regulated by the Financial Services Authority (FSA). This broker offers its clients a choice of trading platforms linked to a central state of the art back office system, enabling advanced account and money management:
- MetaTrader 4 By Meta Quotes
- GKFXWeb (XOGEE Web Trader) By XOGEE
- MT4 Mobile By Forex On The Go
- MYFX Trading Platform By MYFX
With the GKFX demonstration or virtual account you are able to practice trading with fictitious money. Demo platform will be disabled after 30 days.
While Foreign Exchange is traded globally, CFDs are not. Certain countries do not allow their use and it is the responsibility of the individual to make sure that they comply with any local laws that are applicable to them. Specifically GKFX do not allow residents of the USA or its citizens to hold an account with them.
GKFX requires neither minimum deposit requirement to open account, nor minimum account size. However, it reserves the right to impose a maximum account size, i.e. you may hold more funds in your account than the account limit, but you will not be permitted to utilise those funds that are in excess of the account limit for the purpose of trading.
Available account currencies: US dollars, Euros and Sterling. Customer can request a payment from his account at any time, and these requests are processed daily by GKFX accounts department.
GKFX do not charge any commission on any trades. It is customer’s sole responsibility to assess and pay any tax liability that may occur from the results of any trades carried out by him. GKFX account can be funded at any time on line via the website. Unless GKFX agrees otherwise, payments can only be made from the client’s own personal bank account.
In addition, all trades and orders of any description must be placed via the ITP or, in extreme circumstances, on the telephone.
Finally, GKFX constantly update the website with news, product and market information, tutorials and literature to help inform and educate clients.