GKFX Spread Betting Broker

GKFX Review

1 Star2 Stars3 Stars4 Stars5 Stars (4 votes, average: 4.25 out of 5)
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User Rating:
1 Star2 Stars3 Stars4 Stars5 Stars (4 votes, average: 4.25 out of 5)
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Updated on: May 1, 2017
Deposit Options:
Regulation:
FCA
Spreads FromLeverageTrade Min.Account Min.Loyalty ProgrammeMobile TradingSpecial Offers
0.7 pips Up to 400x Leverage 0.001 Micro Lot £0

iOS

Android

GKFX- A Global Trading Experience

GKFX.co.uk is an industry leading Spread Betting platform with fixed spreads from 0.7 and margins from 0.25%. GKFX offers competitive spreads, spread betting on MT4 and tax-free trading. GKFX is a fully regulated broker where safety and security are prioritized. Thanks to FCA (Financial Conduct Authority) licensing and regulation, UK traders can enjoy complete peace of mind at this award-winning brokerage. GKFX has a global presence, serving clients across Europe and the Middle East. Offices are available in Madrid, Paris, London, Dubai, Frankfurt, Prague, Warsaw, Bratislava and others. Among others, GKFX maintain segregated funds for clients, utilizes innovative trading technology such as mobile trader, WebTrader and MT4, and offers a wide range of spread betting products. A comprehensive education is available with courses, webinars and an educational video center. As one of the best CFD brokerages in the UK, GK FX sports awards from the top authorities including Best FX broker from shares 2015, Best CFD Broker from 1 Platz and Top Grade Client Support.

Trading Market

A wide range of spread betting products is available at GKFX. The spread breading products are created exclusively for clients in the United Kingdom. Spread betting serves as a tax efficient means of trading the financial markets. A wide range of product is available for trading purposes including equities, indices, commodities and currency pairs. For example, traders can enjoy the following markets: DAX 30, EUR/USD, GBP/USD, XAU/USD, UK100 and scores of others. With Spreadbetting, profits are tax-free, and traders have the option to dabble in commodities, indices, equities and currencies. FX pairs include the EUR/USD, USD/JPY, GBP/USD. These are the most popular pairs on the market at GKFX. Equities include shares from the top bourses. Google, Facebook, BP, Exxon Mobil, McDonald’s and Alibaba are but a few of the hundreds of shares available. Indices include the top bourses such as the FTSE 100 index, the NASDAQ, the Dow Jones, the CAC40, the DAX 30, and the Nikkei 225 among others. Spread bettors can also dabble in commodities like crude oil (Brent crude and WTI crude oil).

Spread Betting Platforms

Spread bettors have access to multiple platforms at GKFX. These include MetaTrader 4, MT4 web, WebTrader and multi-terminal. Information on each of these trading platforms is readily available to clients. Further, it is possible to enjoy trading on a demo account and a live account. The provision of mobile apps makes it much easier for traders to enjoy flexible trading options at GKFX.

GKFX Spread Betting Platform

Benefits

There are many benefits to opening an account at GKFX. For starters, there is a demo account option and a live account option. Traders have unhindered access to a wide range of trading platforms and products. The span the full spectrum such as indices, commodities, currencies and stocks. A comprehensive selection of educational resources is available. These include FX tutorials, CFD tutorials, educational videos, and economic calendar and interactive seminars. The video center is particularly impressive, with educational videos from currency trading experts. The trading courses offer plenty of information for all aspects of spread betting activity. It’s good to know that GKFX is highly regarded as a spread betting company. It has won multiple awards from UK Forex awards, Shares Awards, and Broker Wahl among others. UK spread bettors can enjoy the full confidence of FCA licensing and regulation (registration #683-7942). With so many benefits in-store, the socially responsible spread betting company ensures that full security measures are in place at all times, with segregated client funds and adherence to all Spread betting principles.

Site Strengths

  • Multi-award-winning spread betting brokerage
  • Traders have a wide selection of accounts to choose from
  • Access to a demo account and a live account
  • Top-tier educational resources available to clients
  • Fully licensed and regulated by the FCA
  • Excellent customer support options

Site Weaknesses

  • Only traders from regulated jurisdictions
  • No information on bonuses, promotions or friend referral offers
  • Rather limited range of markets available to traders
  • During peak trading hours, assets are subject to requote

Conclusion

Despite being a relative newcomer to the spread betting scene, GKFX is internationally recognized as a world-class broker. They place tremendous emphasis on customer relationships, and this is how the company has solidified its business reputation. A wide range of standard offerings and advanced trading options is available to traders. The provision of a demo trading account and a live account allows novices and intermediate-level traders to practice spread betting in their own time. Thanks to the many different account types, there is enough variety to satisfy even the most discerning of traders. There are micro accounts, standard accounts, variable accounts, swap-free standard accounts and VIP accounts. The latter requests a minimum deposit of $25,000. In all instances, it is advisable to use the demo trading accounts to access the financial markets with zero risk.

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 82% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

 

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