GKFX Prime Review

1. What is GKFX Prime?
2. GKFX Prime Pros and Cons
3. Is GKFX Prime Safe or a Scam?
4. Leverage
5. Accounts
6. Trading Fees
7. Spread
8. Platforms
9. Deposits and Withdrawals
10. Conclusion

Our Review Method

• 55Brokers Financial Experts with over 10 years of experience in Forex Trading check all trading offerings, fees, and platforms, verified regulations, contacted customer service, and placed traders to see trading conditions and give expert opinions about GKFX Prime.

What is GKFX Prime?

GKFX Prime is a strong brand in Forex and CFD trading industry. The broker offers more than 400 trading instruments with competitive prices and accurate execution including Forex, Stocks (Shares), Indices, Commodities, and Cryptos.

• GKFX Prime started its operation in 2012, becoming a globally leading broker with innovation and world-class customer service. The broker serves clients in more than 20 countries, speaking 12 languages.

GKFX Prime had different entities and names during its operation years including GKFX or GKFX Pro. For now based on our finding, GKFX doesn’t operate in the UK, and is regulated in Malta, however for not the broker’s former website link leads to another brokerage company Trive.com also regulated under same registration name in Malta.

GKFX Prime Pros and Cons

GKFX Prime is a reputable well-regulated broker authorized by FSC. It provides competitive trading solutions for investors, with easy account opening, average trading costs, and powerful trading software.

For the Cons, the proposals are different in each entity, there is no 24/7 support, and spreads might be higher for some instruments.

Overall GKFX Prime Ranking

Based on our Expert findings, GKFX Prime is considered a reputable broker with safe and very favorable trading conditions. The broker offers a range of trading services designed for both beginner traders and professionals with low initial deposit amounts. As one of the good advantages, GKFX Prime covers more than 20 countries, so traders from various countries can sign in, also with the lowest spreads.

• GKFX Prime Overall Ranking is 8.5 out of 10 based on our testing and compared to over 500 brokers, see Our Ranking below compared to other industry Leading Brokers.

GKFX Prime Alternative Brokers

We learned that GKFX Prime offers a range of trading instruments, good trading conditions, and also low trading spreads and fees. However, there are a number of other brokers that offer similar services. Here are some of the best alternatives to GKFX Prime:

• XM – Wide Range of Trading Opportunities
• Pepperstone – Low Spreads and Competitive Trading Conditions
• FXTM – Good for Beginners and Good Fees

Awards

We found that GKFX Prime has earned numerous industry awards from industry professionals in its operation years. Over the years, the broker’s constant push for improvement and excellent service has not gone unnoticed.

Is GKFX Prime Safe or Scam?

Based on our research, we found out that GKFX Prime is not a scam. It is considered a secure broker to trade providing global traders with access to the world financial markets since 2012. GKFX Prime is legit and regulated by FSC BVI. Thus, we came to the conclusion that it is secure and low-risk to trade Forex and CFDs with GKFX Prime.

Is GKFX Prime Legit?

Yes, GKFX Prime is a fully legit and regulated broker, as holds a necessary license and regulatory obligations by FSC. This information you may check on the official GKFX Prime website, as well as through the authority website. Also, you may find the links of the licenses provided in GKFX Prime Review and definitely should always verify their true state.

See our conclusion on GKFX Prime Reliability:

• Our Ranked GKFX Prime Trust Score is 8.9 out of 10 for good reputation and service over the years, and also for a reliable license. The only point is international trading availability via the offshore entity.

How Are You Protected?

The regulated status of the broker, first of all, ensures its legit status, a regular check on the performance from the respected authority that ensures the client’s deposit by the set of protective measures.

Based on our findings, GKFX Prime provides fully audited trading procedures that are strictly checked by the authority on a daily basis.

Leverage

Leverage is a pretty known instrument, which obviously increases the initial capital you trading with and can be a very useful tool to magnify your potential gains, but in case you use it smartly. However, always note that higher leverage can work in reverse too. We learned that at GKFX Prime, leverage varies depending on your jurisdiction as well as the asset class you are trading.

• The maximum allowed leverage is 1:1000 as long as the equity is under $2,000.

Yet, always remember to learn how to use leverage smartly, as the correct usage will allow you to profit better, instead of just falling under the risk of rapid loss.

Account Types

We learned that GKFX Prime offers several accounts with various conditions, designed to meet your trading needs. The account types include Standard Fixed and Standard Variable, Vip Variable, and ECN Zero.

How to Open GKFX Prime Live Account?

Opening an account with GKFX Prime is quite easy. You should follow the opening account or sign-in page and proceed with the guided steps:

• Click on the “Open an Account” icon on the GKFX Prime homepage
• Enter the required personal data (Name, email, phone number, etc.)
• Verify your personal data by upload of documentation (residential proof, ID, etc.)
• Complete the electronic quiz confirming your trading experience
• Once your account is activated and proven, follow with the money deposit

Trading Instruments

Based on our research we learned that GKFX Prime offers more than 400 products with competitive prices and accurate execution including Forex, Stocks (Shares), Indices, Commodities, and Cryptos.

• GKFX Prime Markets Range Score is 8.9 out of 10 for wide trading instrument selection among Forex, Stocks, Commodities, Cryptos, and more.

GKFX Prime Fees

We found that GKFX Prime offers the lowest possible pricing to all customers with all trading instruments available. Besides the ECN Zero account, for all other account types, there is no commission and pricing is competitive.

• GKFX Prime Fees are ranked average with an overall rating of 8.9 out of 10 based on our testing and compared to over 500 other brokers. Fees might be different based on entity offering, see our findings of fees and pricing in the table below, however, GKFX Prime overall fees are considered good.

Spreads

Based on our Expert findings, we learned that GKFX Prime offers competitive tight spreads in all markets. Another nice bonus for traders is a quite attractive cost strategy, while you are able to choose either fixed and variable spreads as account options to clients, as example typical spread for EUR USD is 1.2 pips

• GKFX Prime Spreads are ranked low with an overall rating of 8.5 out of 10 based on our testing comparison to other brokers. We found Forex spread much lower than the industry average, and spreads for other instruments are very attractive too.

Deposits and Withdrawals

We learned that making deposits and withdrawals is smooth and easy with GKFX Prime. The broker offers numerous deposit methods for an easier trading experience. In most cases, your credit card will be enough to start trading with GKFX Prime. Alternatively, you can use bank transfer or certain e-wallet payment methods as well.

• GKFX Prime Funding Methods we ranked good with an overall rating of 8.5 out of 10. The minimum deposit is among average in the industry, yet fees are either none or very small also allowing to benefit from various account-based currencies, yet deposit options vary on each entity.

Here are some good and negative points for GKFX Prime funding methods found:

Deposit Options

In terms of funding methods, GKFX Prime offers numerous payment methods which are a very good plus, yet check according to its regulation whether the method is available or not.

• Credit/Debit cards
• Bank Wire
• Skrill
• Neteller

GKFX Prime Minimum Deposit

There is no minimum deposit requirement with GKFX Prime. However, for VIP Variable accounts, the minimum deposit amount is $5.000.

GKFX Prime minimum deposit vs other brokers

GKFX Prime Withdrawals

GKFX Prime does not charge any internal fees for deposits or withdrawals, and also includes a wide selection of payment methods. Traders can withdraw their profits or get back their initial investment anytime they want.

How Withdraw Money from GKFX Prime Step by Step:

1. Login to your account
2. Select Withdraw Funds’ in the menu tab
3. Enter the withdrawn amount
4. Choose the withdrawal method
5. Complete the electronic request with necessary requirements
6. Confirm withdrawal information and Submit
7. Check the current status of withdrawal through your Dashboard

Trading Platforms

We found that GKFX Prime offers clients the most efficient and the most traded platforms in the industry, access to MetaTrader 4 and MetaTrader 5 platforms, available through the Web, Desktop, and Mobile Apps.

• GKFX Prime Platform is ranked good with an overall rating of 8.9 out of 10 compared to over 500 other brokers. We mark it as good being one of the best proposals we saw in the industry, and a great range including MT4, and MT5, suitable for professional trading. Also, all are provided with good research and excellent tools.

Web Trading Platform

Based on our findings, both MT4 and MT5 offer Web Trader, which is a great option for beginner and advanced traders. Web Trader features an intuitive interface and great design simple to use or understand.

Desktop Platform

The desktop platform is available to download and suitable for any device. With the desktop version, the trader will get the full package and sophistication each platform may offer.

• In addition, GKFX Prime offers two social trading platforms to all clients: Zulutrade and Autotrade.

Customer Support

We learned that GKFX Prime provides 24/5 support available through email, and phone. In addition, customer services are available in 14 languages.

• Customer Support in GKFX Prime is ranked good with an overall rating of 8.5 out of 10 based on our testing. We got fast and knowledgeable responses, also quite easy to reach during the working days.

See our find and ranking on Customer Service Quality:

GKFX Prime Education

Based on our research, we found that GKFX Prime provides a rich collection of educational materials including video tutorials for both beginners and advanced traders, seminars, webinars, articles, e-books, and more.

• GKFX Prime Education ranked with an overall rating of 9 out of 10 based on our research. The broker provides very good quality educational materials, and excellent research also cooperates with market-leading providers of data.

GKFX Prime Review Conclusion

Concluding the GKFX Prime review, we admit a safe broker to trade with reliable trading solutions. GKFX Prime provides expanded trading strategies and a certain way of dealing with markets and clients that gained a reliable and respected reputation.

We learned that GKFX Prime’s flexibility in terms of platforms, currency pairs, and a number of provided solutions is another key advantage to its positive side. The broker offers competitive costs and excellent education material suitable for traders of different levels. However, before starting trading we recommend traders double-check the trading conditions provided by GKFX Prime to make sure they meet their trading needs.

Based on Our findings and Financial Expert Opinions GKFX Prime is Good for:

• Beginners
• Advanced traders
• Traders who prefer MT4/MT5 platforms
• Copy trading
• Currency and CFD trading
• Variety of trading strategies
• Good customer support
• Excellent educational and research materials