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)

General Information

Newly opened in July 2020, InvestMarkets is a forex broker which allows traders to profit from price movement via a contract between client and broker. InvestMarket offers a series of trading instruments including Currencies, Indices, Commodities, Equity, Cryptocurrencies through MT4 trading platform. With this broker, three types of trading accounts and the maximum trading leverage up to 1:500 can be reached.

Here is the screenshot of Invest Markets official website:

Regulation

InvestMarkets is operated by Arvis Capital Limited, a Belize Invest Firm, authorised and regulated by the International Financial Services Commission (IFSC) of Belize. The companys licence number is 000307/166.

Market Instruments

InvestMarkets offers investors a range of financial instruments including currency pairs, cryptocurrencies, CFD on stocks, indices, metals, energy resources, agriculture, ETFs, etc.

Accounts & Leverage

InvestMarkets offers 4 different account types: Basic (minimum deposit of $250), Gold (minimum deposit of 25,000), Platinum (minimum deposit of $100,000), and VIP (minimum deposit of 250,000). All account types get leverage up to 1:500.

Spreads & Commissions

The average spreads of EUR/USD for Basic, Gold, Platinum, VIP are 3.0 pips, 2.7 pips, 2.1 pips and 1.6 pips respectively; GBP/USD are 3.4 pips, 3.1 pips, 2.5 pips and 2.0 pips respectively; USD/JPY are 3.3 pips, 3.0 pips, 2.4 pips and 1.9 pips respectively. There is no deposit commission for all accounts and no withdrawal commission for the VIP account. Fees are charged for keeping an account inactive.

Trading Platform

InvestMarkets offers CFDs trading platforms, its WebTrader and the MetaTrader 4, available to traders for web and mobile.

Deposit & Withdrawal

The online payment processors are Acquiring.com, CommerceGate, Skrill, Neteller, SafeCharge, Directa24, Help2Pay, EasyEFT, and AstropayCard, and more. Clients can deposit funds through credit/debit card, e-Wallets and wire transfer. InvestMarkets processes withdrawal requests within 24 hours, but it may take up to five business days for clients to receive their funds. Credit/debit cards and Neteller incur a 3.5% fee, Skrill a 2.0% surcharge, and bank wires a cost of $30 or currency equivalent.

Note: Payment methods may vary depending on clients region.

Customer Support

The InvestMarkets official website can be available in more than 10 languages, and clients can equally reach this broker through telephone and email. Here is the detailed information given:

Telephone: +27107531177

Email: info@investmarkets.com

Online support can be also available if you click the chat button on the right side of this broker's homepage.

Accepted Countries

InvestMarkets does not offer services within the European Economic Area as well as in certain other jurisdictions such as the USA, British Columbia, Canada and some other regions.

Research & Education

InvestMarkets offers the Trading Central, where traders can get trading tools consisting of Analyst Views, Daily Market Analysis, Economic Insight, Featured Ideas, Strategy Newsletters, TC Market Buzz, TC Research Platform, and Web TV.

Pros & Cons

Frequently Asked Questions

Does InvestMarket offer demo accounts？

Yes, demo accounts are available the InvestMarkets platform.

What trading instruments does InvestMarket offer？

InvestMarket offers a series of trading instruments, including currency pairs, CFD on stocks, indices, metals, energies, agriculture, etc.

What trading platform does InvestMarket offer？

InvestMarket offers MT4 trading platform and WebTrader.

What is the maximum trading leverage offered by InvestMarket？

The maximum trading leverage offered by InvestMarket is up to 1:500.

Warning Risk

Trading in Forex/CFD carry a high level of risk to your capital due to the volatility of the underlying market. These products may not be suitable for all investors. Therefore, you should ensure that you understand the risks and seek advice from an independent and suitably licensed financial advisor.