GKInvest

Pros and cons

Pros:

• Regulated by multiple authorities
• Wide range of account types
• Low deposit limit
• Low spreads and competitive commissions
• MT5 platform offers advanced charting tools and customizable features
• Market Insight section provides valuable educational resources

Cons:

• Limited payment options, with only bank transfer available for deposits and withdrawals
• High minimum deposit for the RAW ZERO account, making it only accessible to high-volume traders
• Customer support is only available during office hours and not on weekends
• Limited range of trading instruments, with no cryptocurrencies available

What type of broker is GKInvest？

GKInvest is a Market Making (MM) broker, which means that it acts as a counterparty to its clients in trading operations. That is, instead of connecting directly to the market, GKInvest acts as an intermediary and takes the opposite position to its clients. As such, it can offer faster order execution speed, tighter spreads and greater flexibility in terms of the leverage offered. However, this also means that GKInvest has a certain conflict of interest with their clients, as their profits come from the difference between the bid and ask price of assets, which could lead to them making decisions that are not necessarily in the best interests of their clients. It is important for traders to be aware of this dynamic when trading with GKInvest or any other MM broker.

General information and regulation

GKInvest is a regulated forex broker based in Indonesia that offers various trading instruments including forex, indices, metals, commodities, and stocks. The company provides multiple account types with varying minimum deposit requirements and trading conditions. GKInvest offers the popular MT5 platform, a maximum leverage of 1:100, and accepts bank transfers in USD and IDR without any extra fees. The company also offers Market Insight as an educational resource and provides customer support via email and telephone.

In the following article, we will analyse the characteristics of this broker in all its dimensions, providing you with easy and well-organised information. If you are interested, read on.

Market instruments

GKInvest offers a diverse range of instruments for traders to choose from, including forex, indices, metals, commodities, and stocks. The indices offered by GKInvest are particularly notable as they cover various regions, such as Asia, Europe, and the US. GKInvest also offers competitive spreads on forex and other instruments. However, the selection of individual stocks may not be as extensive compared to other brokers, and the number of commodities available may also be limited. Additionally, some traders may prefer to have access to cryptocurrencies, which are not currently offered by GKInvest.

Spreads and commissions

GKInvest offers a variety of account types with different spreads and commission charges. The Standard fixed account has spreads starting from 0.8 pips and a commission charge of 1 USD, while the VIP variable account offers spreads starting from 0.5 pips and a commission charge of 1 USD. The RAW ZERO account has spreads starting from 0.0 pips but has higher commission charges of 5 USD for forex and gold, and 1 USD for index and oil trades. The advantage of this dimension is that GKInvest offers competitive spreads with no hidden fees, and pricing is transparent. However, commission charges may add up for frequent traders, and the VIP variable account may have wider spreads during high volatility. Additionally, the Standard fixed account has wider spreads compared to the VIP and RAW ZERO accounts.

Trading accounts

GKInvest offers three different account types. The Standard Fixed account type requires a minimum deposit of 200 USD, offers spreads from 0.8 pips, and charges a commission fee of 1 USD. The VIP Variable account type requires a minimum deposit of 2500 USD, offers tighter spreads from 0.5 pips, and charges the same commission fee of 1 USD. Finally, the RAW ZERO account type requires a minimum deposit of 25000 USD, offers spreads from 0.0 pips, and charges a higher commission fee of 5 USD for forex and gold and 1 USD for index and oil. The variety of account types offers flexibility for traders, but the higher minimum deposit and commission fees of the RAW ZERO account may make it less accessible for beginners. Nonetheless, the extremely low spreads on this account type make it a great option for high-volume traders.

Trading platforms

GKInvest offers the popular MetaTrader 5 platform to its clients. This platform is known for its advanced charting tools and wide range of indicators that enable traders to analyze the markets in depth. MT5 also allows for hedging, one-click trading, and expert advisors. The platform also has a mobile trading version, allowing traders to stay connected to the markets while on the go. However, one of the disadvantages of MT5 is that it is less popular than MT4, which may make it more difficult to find online resources and support. Additionally, the customization options of MT5 are less than those offered by MT4.

Leverage

GKInvest offers a maximum leverage of up to 1:100 for its clients, which is a common leverage limit in the forex market. Leverage allows traders to control a larger position with a smaller amount of capital. However, it is important to note that higher leverage also means higher risk. Trading with leverage requires proper risk management to avoid significant losses and the potential for margin calls or account liquidation. It is recommended for traders to use leverage wisely and only trade with an amount they can afford to lose. Overall, the availability of high leverage can be a useful tool for experienced traders, but it should be used with caution.

Deposit and Withdrawal: methods and fees

GKInvest offers bank transfer as a method for deposits and withdrawals with no extra fees and no minimum deposit limit. The minimum withdrawal limit is also low. However, this method is limited to only two currencies, USD and IDR. Processing time for bank transfer is usually longer compared to e-wallets, but it is a secure and reliable option for traders who prefer not to use third-party services. Additionally, while GKInvest does not charge any fees for bank transfers, customers may still be subject to bank transfer fees from their own bank.

Educational resources

GKInvest's Market Insight provides a variety of educational resources for traders. Users can access the latest financial news, an economic calendar, financial analysis, and more. The economic calendar is useful for tracking upcoming events and making informed trading decisions. In-depth financial analysis helps users gain insights into the markets and understand trends. Regularly updated content ensures that traders stay up-to-date with the latest news and information. However, there are some limitations to the educational resources provided by GKInvest. There are no video tutorials or webinars, and the market reports are limited. Additionally, there is no free education center with articles.

However, if youre not limited to their website, you may see some further educational resources on their official YouTube channel. Here is a video of their morning talk about the market.

Customer service

GKInvest offers a variety of customer care options for their clients. Customers can contact the support team through email or telephone, and they provide a local phone number for clients to use. They also provide a physical address for clients who prefer to communicate via traditional mail. The support team is available 24/5 and responds quickly to customer inquiries. However, the broker does not offer support through social media, and there is no live chat option available.

Conclusion

In conclusion, GKInvest is a regulated forex broker that offers a range of account types and trading instruments, including forex, indices, metals, commodities, and stocks. The broker also provides the popular MT5 trading platform and offers a maximum leverage of 1:100. GKInvest prides itself on its excellent customer service and provides its clients with a variety of educational resources. While the broker does not charge extra fees for deposits and withdrawals, it should be noted that there is a minimum withdrawal limit of 10 USD/100,000 IDR. Overall, GKInvest has its advantages, such as competitive spreads, comprehensive educational resources, and responsive customer support, but also some drawbacks, including a limited range of account types and high commission fees for the RAW ZERO account. Nonetheless, GKInvest remains a viable option for traders looking for a reliable and trustworthy broker in Indonesia.

FAQs

• Is GKInvest a regulated broker？
• Yes, GKInvest is regulated by BAPPEBTI, JFX, and ICDX.
• What is the minimum deposit for a GKInvest account？
• The minimum deposit for a Standard Fixed account is 200 USD, for a VIP Variable account it is 2500 USD, and for a RAW ZERO account it is 25,000 USD.
• What trading platforms does GKInvest provide？
• GKInvest provides the popular MetaTrader 5 (MT5) platform for traders.
• What is the maximum leverage offered by GKInvest？
• GKInvest offers a maximum leverage of up to 1:100.