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GKFX Prime , FXTF Broker Comparison

Do you want to know which is the better broker between GKFX Prime and FXTF ?

In the table below, you can compare the features of GKFX Prime , FXTF side by side to determine the best fit for your needs.

  • Rating
  • Basic Information
  • Benchmark
  • Account Information
  • Relevant information
  • Relevant exposure
  • Rating
  • Basic Information
  • Benchmark
  • Account Information
  • Relevant information
  • Relevant exposure
 2  brokers in total
Rating
Score
Regulatory Status
WikiFX Guarantee
WikiFX Survey
Risk Evaluation
Exposure
Official website
Basic Information
Established(years)
Regulatory license
MT4
MT5
Crypto
Deposit and withdrawal method
Benchmark
environment rating
Transaction Speed
Transaction speed rating
Average transaction speed(ms)
The highest transaction speed(ms)
The highest speed of opening positions(ms)
The highest speed of closing position(ms)
Slowest transaction speed(ms)
The lowest speed of opening positions (ms)
The lowest speed of closing position(ms)
Trading slippage
Transaction slippage rating
Average slippage
Maximum transaction slippage
Maximum positive slippage
Maximum negative slippage
Transaction Cost
Transaction cost rating
  • Average transaction cost (USD/Lot)
Rollover Cost
Rollover cost rating
  • Average Rollover Cost (USD/Lot)
Disconnection results
Software disconnection rating
Average disconnection frequency (times/day)
Reconnection time(ms)
Account Information
Account name
Products
Deposit REQ
Maximum Leverage
Spread of majors
Forced Liquidation Ratio
Spread Types
Minimum Position
Crypto
Lock postition
Scalping
EA trading
1.59
Suspicious Clone
No guarantee
5-10 years
MFSA,BaFin,FSC,CNMV,CNB,CNMV,SERC
Supported
Supported
--
--
--
--
--
--
--
--
--
--
--
--
--
--
--
--

--

--

--
--
--
--
--
--
Forex, Metals, Indices, Energies etc.
200$/£/€/
1:1000
as low as 0.0
20.00
Floating
0.01
--
Pin on the left
8.48
Regulated
No guarantee
--
15-20 years
FSA
Supported
Not supported
--
--
--
--
--
--
--
--
--
--
--
--
--
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--

--

--
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Score
Regulatory Status
Suspicious Clone
Regulated

GKFX Prime 、 FXTF BrokerRelevant information

GKFX Prime 、 FXTF BrokerRelevant exposure

Which broker is more reliable?

You can determine the reliability and credibility of a broker by checking four factors:

1.Forex broker introduction。

2.Are the transaction costs and expenses of gkfx-prime, fxtf lower?

3.Which broker is safer?

4.Which broker provides better trading platform?

Based on these four factors, we can compare which is reliable. We have broken down the reasons as follows:

Forex broker introduction

gkfx-prime
GKFX Prime Review Summary in 10 Points
Founded2012
HeadquartersUK
RegulationFSC
Market InstrumentsForex, Commodities, Indices, Stocks, Cryptocurrency
Demo AccountAvailable
Leverage1:400
EUR/USD Spread1.8 pips
Trading PlatformsMT4, MT5
Minimum deposit$0
Customer Support24/5 Live chat, phone, email

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.

GKFX Prime's website

Pros & Cons

ProsCons
• Multiple account types and platforms• No legitimate regulatory licenses
• Tight spreads and low commissions• No US clients allowed
• No deposit or withdrawal fees• Too many complaints
• extensive range of trading instruments and educational resources

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:

Regulatory AuthorityClaimed License TypeJurisdictionStatus
MFSA (Malta Financial Services Authority)Market Making (MM)MaltaSuspicious Clone
BaFin (Federal Financial Supervisory Authority)Retail Forex LicenseGermanySuspicious Clone
FSC (Financial Services Commission)Retail Forex LicenseUnspecifiedSuspicious Clone
CNMV (National Securities Market Commission)Retail Forex LicenseSpainSuspicious Clone
CNB (Czech National Bank)Retail Forex LicenseCzech RepublicSuspicious Clone
SERC (Securities and Exchange Regulator of Cambodia)General Financial LicenseCambodiaSuspicious Clone

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.

asset classes

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.

Account Types

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:

BrokerEUR/USD SpreadCommission
GKFX Prime1.8 pipsNo (except for ECN Zero account)
IC Markets0.1 pips$7 per standard lot
Admiral Markets0.5 pipsNo (except for Zero.MT4)
FxPro1.4 pipsNo
Pepperstone0.16 pipsNo (except for Razor account)
XM0.8 pipsNo

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.

MT4 VS MT5

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.

payment methods

GKFX Prime minimum deposit vs other brokers

GKFX PrimeMost other
Minimum Deposit0$100

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:

BrokerDeposit FeeWithdrawal FeeInactivity Fee
GKFX PrimeFreeFreeNo
IC MarketsFree$0-$20 depending on methodAUD$10 per month after 6 months of inactivity
Admiral MarketsFreeFree€10 per month after 24 months of inactivity
FxProFreeFree$5 per month after 12 months of inactivity
PepperstoneFreeFreeAUD$15 per month after 12 months of inactivity
XMFree (may vary depending on method and country)Free (may vary depending on method and country)$5 per month after 90 days of inactivity

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.

Customer Service

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.

ProsCons
• Multiple channels for customer support including email, phone, and live chat• No 24/7 customer support available
• Dedicated account manager for VIP clients
• Multilingual customer support
• Quick response time to customer inquiries
• Availability of customer support during market hours

Frequently Asked Questions (FAQs)

Q 1:Is GKFX Prime regulated?
A 1:No,its current status is suspicious clone.
Q 2:At GKFX Prime, are there any regional restrictions for traders?
A 2:Yes. GKFX Prime does not provide services for the residents of certain countries, such as the United States of America, Canada, Japan, Indonesia, Turkey, Israel and the Islamic Republic of Iran.
Q 3:Does GKFX Prime offer demo accounts?
A 3:Yes.
Q 4:Does GKFX Prime offer the industry-standard MT4 & MT5?
A 4:Yes. Both MT4 and MT5 are available.
Q 5:What is the minimum deposit for GKFX Prime?
A 5:There is no minimum initial deposit requirement.
Q 6:Is GKFX Prime a good broker for beginners?
A 6:Yes. GKFX Prime is a good choice for beginners.
fxtf

FXTF Information

Founded2006
Registered Country/RegionJapan
RegulationFSA
Market InstrumentsCryptocurrency CFDs, Commodity CFDs, option, Forex
Account TypeIndividual Account, Corporate Account
Trading PlatformMT4 trading system, GX trading system
Customer SupportPhone: 0120-445-435
Email: support@fxtrade.co.jp

FXTF Information

FXTF, founded in 2006, is a brokerage registered in Japan. The trading instruments it provides cover cryptocurrency CFDs, commodity CFDs, option, forex. It is regulated by Japan.

FXTF Information

Pros and Cons

Pros Cons
RegulatedNo commission information
Wide range of trading instrumentsNo clear information about accounts
2 types of trading systemsLimited account types offered
Low spreadsNo Islamic account

Is FXTF Legit?

FXTF is regulated by FSA in Japan. Its current status is regulated.

Regulated CountryRegulated AuthorityRegulated EntityLicense TypeLicense NumberCurrent Status
JapanFSAゴールデンウェイ・ジャパン株式会社Retail Forex License関東財務局長(金商)第258号Regulated
Is FXTF Legit?

What Can I Trade on FXTF?

FXTF offers traders cryptocurrency CFDs, commodity CFDs, option, forex to trade.

Tradable Instruments Supported
Cryptocurrency CFDs
Commodity CFDs
Option
Forex
Stocks
Metals
Indices
Futures
What Can I Trade on FXTF?

Account Types

FXTF offers 2 different types of accounts to traders - Individual Account, Corporate Account. But there is no more information about accounts.

Trading Platform

FXTF's trading platforms are MT4 trading system, GX trading system, which support traders on PC, Mac, iPhone and Android.

Trading PlatformSupported Available Devices
MT4 Margin WebTraderWeb, Mobile
GX trading systemWeb, Mobile
MT5
Trading Platform

Are the transaction costs and expenses of gkfx-prime, fxtf lower?

To compare transaction costs across different brokers, our experts analyze the transaction-specific fees (such as spreads) and non-trading fees (such as inactivity fees and payment costs).

To get a comprehensive understanding of how cheap or expensive gkfx-prime and fxtf are, we first considered common fees for standard accounts. On gkfx-prime, the average spread for the EUR/USD currency pair is as low as 0.0 pips, while on fxtf the spread is --.

Which broker between gkfx-prime, fxtf is safer?

To determine the safety of our top brokers, our experts will consider many factors. This includes which licenses the broker holds and the credibility of these licenses. We also consider the history of brokers, because long-term brokers are usually more reliable and trustworthy than new brokers.

gkfx-prime is regulated by MFSA,BaFin,FSC,CNMV,CNB,CNMV,SERC. fxtf is regulated by FSA.

Which broker between gkfx-prime, fxtf provides better trading platform?

When our experts review brokers, they will open their own accounts and trade through the broker's trading platform. This enables them to comprehensively evaluate the quality, ease of use, and function of the platform.

gkfx-prime provides trading platform including ECN 0,STANDARD,VIP and trading variety including Forex, Metals, Indices, Energies etc.. fxtf provides trading platform including -- and trading variety including --.

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