item image Go to GKFX Open free demo account T&Cs Apply, 18+

GKFX Review 2018 - Forex Broker Rating

#1 of 11 Forex Broker Comparison - Best UK Forex Brokers

Founded in 2009 initially as Smart Live Financial Services Ltd, GKFX is an online broker based in London offering FX and CFD trading. Relatively younger than many reliable brokers of its calibre, this broker also offers its clients the same peace of mind that the big boys provide to their clients and they also offer some extra features like the MT4 trading platform extensions and extensive training programs. GKFX is regulated across several regulatory authorities such as the FCA (UK), JFSA (Japan), ASIC (Australia), BaFin (Germany) and SFC (Hong Kong). The broker gives room for trading flexibility by waiving a minimum deposit for some of its account types.

Free unlimited demo account T&Cs Apply, 18+


  • No minimum deposit required
  • Forex trading from 0.6 pips spread
  • Free forex demo account
  • MT4 trading platform with amazing features
  • £300 Cash-back offer
  • Excellent forex training programs

User ratings

01Criterion 10.0

Our GKFX experience

GKFX is a CFD and FX broker based in London. The broker waives a minimum deposit for two of its account types and allows trading of the most important index CFDs with a 1.0-point spread. Compared to a large part of the competition, this broker stands out given its various MT4 trading platform extensions and its extensive training program. The broker has convinced us by the quality of its offer: Valuable premium offers, EUR / USD spread starting at 0.6 pips, a free Forex demo account and no commissions on forex trades. In this article, we will introduce you to our GKFX forex review, so you can get an accurate picture of the broker.

Be the first to leave a review.

User Avatar
{{{ review.rating_title }}}
{{{review.rating_comment | nl2br}}}
{{{review.rating_pros | nl2br}}}
{{{review.rating_cons | nl2br}}}

Show more
{{ pageNumber+1 }}

Trading Offer & Conditions


01 Trading Offer & Conditions


MORE THAN 50 CURRENCY PAIRSGKFX Financial Services Limited offers advanced online FX, commodities, metals, stock indices and CFD trading, which are available at competitive margins on both classic and spread betting modes. The fixed spread account allows CFD trading for hundreds of individual stocks, including stocks from Europe. Stock CFD trading via the fixed account has a broker spread which also includes the market spread. This spread amounts up to 10 points for most UK stocks.

Recently introducing the spread betting service for UK traders, GKFX is focused on providing a wide variety of asset classes with competitive fixed spreads. Our FxPro experiences shows, that the broker offers more than 70 FX-pairs.

GKFX offers five account types FIX, Variable, MAM, VIP and Spread betting account. The best account has a tighter, variable spread; however, it requires a minimum deposit of £25,000. We are going to consider the FIX account as the basis for this evaluation.
  • Spread on EURUSD: 1.8 pips.
  • USDJPY: 2.3 pips.
  • GBDUSD: 2.3 pips.
  • Gold: $0.50
  • SILVER: $0.04
(*) VIP accounts offer tighter spreads which can be as low as 0.6 pips and the spreads for Variable account can be as low as 1.0 pip. GKFX does not charge commissions, and traders should note that the swap-free account (where swap is not normally charged) is no longer available. It is very important to understand that for all Forex pairs and indices, the swap or rollover fee for every open trade is either credited to or deducted from a trader’s account every 10pm GMT.
  • No account management fees is charged
  • Commission-free forex trading
  • VIP account spreads start from 0.6 pips
T&Cs Apply, 18+

Trading Platforms & Demo Account


02 Trading Platforms & Demo Account

GKFX offers a free Forex demo account for any interested trader. Their 30-day demo trading account is even available to non-customers. But if you open a forex account with them, the GKFX demo account would be available for an unlimited period. Demo trading is very important in the forex trading journey of all beginners as it would help gain the required knowledge and confidence required for real live trading. It also helps experienced traders test their strategies and EAs in real time.

  • Risk-free forex practice account
  • Test and refine new strategies
  • Real-time courses also in the demo account


The broker offers fast and flexible trading through its platforms. Traders can choose to use any combination of the following platforms.

  • MetaTrader 4
  • MT4 Web (web-based MetaTrader)
  • MT4 Mobile (GKFX App)
  • SIRIX Web (WebTrader in the browser)

If you already have relevant experience working with MetaTrader 4, then you will surely get along very quickly. You can choose between the software installation and the web-based MT4 access. They also have the "SIRIX Web" and a browser-based trading platform.

On their MT4 platform, GKFX offers traders an edge by a number of additional tools like the AutoChartist, which provides specific information on price formations. The broker also gives traders additional advantages like trading signals. Traders are also able to have access to Market Insight contents and are also able to access real time analysis, market commentaries, videos and concrete entry and exit signals.

Important: Our GKFX experience is outstanding with every platform; there were no technical difficulties at any time. The broker’s social trading platform, with sophisticated features for flexible social trading, is powered by Sirix, the platform allows OneClick trading.
T&Cs Apply, 18+

Bonus for New and Existing Customers


03 Bonus for New and Existing Customers

As part of our GKFX reviews, we also took a closer look at the broker's bonus offer. In the forex broker comparison, we noticed that the GKFX bonus differs from others in that they give other special offers apart from their £300 cash-back offer and 30% deposit bonus. The broker uses a very different concept: depending on the amount of your deposit, you receive a high-quality trading package with extensive premium services.
Specifically, the GKFX premiums are as follows:

  • From £500: Tradeworks tool
  • From £1,000 : Welcome package
  • From £1,500 : Starter package
  • From £2,500 : MT4BoosterPro package
  • Selected customers receive the Expert package
Trading tools with high qualitiy T&Cs Apply
  • icon


    Demo account without deposit?
  • icon

    Trading tools

    Type of bonus
  • icon


    Trainings and webinars
  • icon


    Duration of bonus offers
  • icon


    Minimum deposit for bonus
  • icon


    Tournaments and competitions
  • icon


    Personal contact person
  • icon


    VIP Program
  • icon

    Without deposit

    Account opening

For a trader to be eligible for any of the respective packages, the amount of the deposit is decisive. The Expert package is provided to clients with a large account size and high monthly sales volume.

  • Free access to
  • Create trade strategies with TradeWorks without any previous knowledge of programming
  • Backtesting and evaluating
  • Additional features for MetaTrader 4
  • Exclusive customer events and invitations
  • Free access to "Scalp Trading"
  • Personal server

At you get even a $25 no deposit bonus, as our experience in the Forex comparison show.

Open your free unlimited demo account now!
T&Cs Apply, 18+

Mobile Trading


04 Mobile Trading


Trading via smartphone or tablet is becoming increasingly important. This allows you to trade right from your phones and other handheld devices anytime and anywhere. This allows maximum flexibility because you can watch and manage you trades by just by pressing a button or two. With your mobile device, you can easily react to news and important market events, and you can also keep yourself close to your chart as you watch out for potential trading opportunities on the go.








Web App

01 | For Android and iOS

The GKFX Forex app is, of course, more user-friendly than the WebTrader on the browser of your smartphone. Nevertheless, both versions, according to our GKFX trading reviews, are recommended. If you do not have an Android or iOS, you need to access the web-based trading platform. The app is not yet available for smartphones that run on the Windows mobile operating system.

02 | tip

If you want to execute trades, it is important that you use an ISP with good network coverage. GKFX app offers you all the important functions you need. Access to your account is also possible, where you can make deposits and withdrawals. If you’re using the Windows phone or any other handheld device that does not run on the iOS or Android, it is possible to watch and trade the markets using the WebTrader on your smartphone, however, the installed app is more convenient, but is currently not available for Windows Mobile devices.
  • Access the GKFX account from anywhere
  • View your account; manage open positions, and more
T&Cs Apply, 18+



05 Payments


As part of our GKFX reviews, we considered the payment option of this broker. Traders can make deposits using the following methods of payment: Credit card (Visa, Mastercard, Maestro, etc.), Bank transfer, Skrill and internal transfer.

A credit card deposit costs 1.5% of the total amount. Not only can traders use Visa and MasterCard, the broker also gives traders the opportunity of depositing funds through credit card providers. All other payment options are free of charge. If you want an electronic payment means that does not attract any fees, read our Plus500 review.

With the exception of bank transfers, all deposits are immediately credited to your trading account and you can immediately begin online trading. The money will be immediately credited to your trading account and no costs will be charged. The maximum amount for electronic payment is £5,000.

Important: There is no GKFX minimum deposit.

In contrast, there is however a GKFX minimum withdrawal threshold of £50. Anyone who dissolves his/her account will, of course, also be reimbursed for smaller amounts. Payouts are only possible via these payment methods:

  • Bank transfer
  • Credit cards

In the case of internal transfer, GKFX can also pay off up to the amount of the deposit sum. Amounts that go beyond this must be transferred to a bank account. GKFX does not charge any fees on withdrawals. However, due to money laundering regulations, there can be no payment transactions via third parties. This means that a Forex deposit and withdrawal can only run through a trader’s own bank account, credit card, etc.

  1. 01 | Deposits by credit cards, internal transfer and Skrill are funded immediately
  2. 02 | No fees is charged on GKFX withdrawals
  3. 03 | Payouts are processed between 1 and 5 days
T&Cs Apply, 18+

Security / Regulation


06 Security / Regulation


GKFX is London based, regulated by the FCA UK, the broker is also registered with BaFIN in Germany and with several other regulatory authorities. GKFX ensures the safety of traders’ fund by operating a segregated account with Barclays Bank, which means that customers’ funds are not affected in the incidence of bankruptcy. There is also a compensation cover of £50,000 in the event of failure of the account keeping bank (Barclays Bank). Its registration in the UK regulatory environment is a major reason GKFX should top the chart of preference for many Forex traders.

FCA license 501320
BaFin registration number 130602

AMF registration number 73447
Consob registration number 2915
CNMV registration number 71

Although GKFX tries to safeguard the accounts of traders so that losses do not have to go beyond equity, one downside of their risk management is that there is no guaranteed exclusion of margin calls in the case of abnormal price fluctuations caused by extreme market volatility due to government or central bank interventions.

  • icon

    50.000 GBP deposit insurance
  • icon

    compliance with MiFID regulations
  • icon

    Secure Payments
  • icon

    Segregated accounts
  • icon

    Regulated by british FCA
  • Compliance with all European MiFID provisions
  • FSCS deposit guarantee up to £ 50,000
  • Separation of customer and company capital on segregated accounts
  • Customer deposits are managed by a first-tier bank (Barclays)
  • GKFX only uses its own assets for hedging purposes
T&Cs Apply, 18+

Customer Service


07 Customer Service

GKFX review is not complete without mentioning their amazing customer service. Traders can contact their customer representatives via telephone, email, live chat and contact form. This means that almost all communication possibilities are covered. The multilingual customer service department is available 24/5 during active trading sessions.





Bevis Marks,House 24 Bevis Marks, London, EC3A 7JB, United Kingdom

[email protected]

Aside the option of reaching the brokers through their site or telephones, GKFX customer support has an excellent customer support service that follows up clients through phone calls and emails. Their customer service representatives respond to clients’ messages almost immediately. Their overall customer service is superb, earning them the Best Customer Service Awards in the UK Forex Awards 2016.

T&Cs Apply, 18+

Account Opening


08 Account Opening

GKFX offers clients a choice between different account types:

FIX Account: This account has no minimum initial deposit requirement, fixed spread, and a minimum trade lot size of 0.01. The maximum trade size is 50 lots for each instrument and there is no limit to the number of trades a trader can open at a time. With this account, traders can receive a leverage of up to 1:400. Only Forex and commodities can be traded from this account. Some spreads on this account are as low as 1.8 pips.

Variable Account: This account has no minimum initial deposit requirement. But unlike the FIX account, a trader can open no more than 100 trades. Leverage is up to 1:400 and it has a minimum trade lot size of 0.01 lots. Spreads are from 1.2 pips, forex, CFDs, indices and commodities can be traded and there is no maximum margin interest.

VIP Account: This has account a minimum initial deposit requirement of $25,000 and a minimum trade lot size of 1. Spreads vary with market conditions and can be as low as 0.6 pips. It has a maximum leverage of 1:100. Just like the Variable account, the maximum number of open trades allowed is 100. Traders can trade all instruments and enjoy maximum platform flexibility on this account.

MAM Account: The Multi Account Manager is an account for money managers and clients looking for professional traders to help manage their funds. GKFX developed MAM especially for professional traders who operate more than one trading account simultaneously and who utilize the MT4 trading platform.

Some of the benefits of MAM include:

  • Simultaneous multi-account management.
  • Five allocation modules and user-friendly interface.
  • It allows all ordinary order types and EA’s.
  • User-friendly interface.
  • Rapid order responsive

Spread Betting Fixed Account: Since spread betting is currently tax-free for most UK nationals, spread betting accounts present the most tax efficient way for UK clients to trade the financial markets. There is a wide range of instruments to choose from, including the most common currency pairs. Spreads on these accounts are as low as 0.7 pips.

Once you have made your choice of account type, you can easily open an account with GKFX. You are automatically guided through the login process. First, the Forex Broker asks for personal data. Afterwards, you will have to state your economic situation and previous trading experience. GKFX is required by MiFID to obtain this information.

The account is opened immediately. If you fund your account via Credit Card, IMMEDIATE, or E-Wallet, you can start trading immediately. You are, of course, not obliged to deposit money.
According to our GKFX trading reviews, we spent less than 10 minutes on account opening and instant funding. If you would only open the GKFX demo account, the process goes even much faster. For this, only your name and e-mail address are sufficient.

  1. 01 | Select account & enter data
  2. 02 | Deposit money
  3. 03 | Start trading the markets
T&Cs Apply, 18+
Leave a review

Become part of the Community and share your experiences!

Do you already have experiences with GKFX in general or with the free forex demo? If you tell other interested traders, you can help them to get a realistic impression of the broker. Don’t hesitate: Become part of the community. Here’s no place for black sheep, so let’s find out together, whether GKFX is highly recommended or not!

    Be the first to leave a review.

    User Avatar
    {{{ review.rating_title }}}
    {{{review.rating_comment | nl2br}}}
    {{{review.rating_pros | nl2br}}}
    {{{review.rating_cons | nl2br}}}

    Show more
    {{ pageNumber+1 }}


    • Saxo Bank Forex
      1 Reviews
      Trading Offer & Conditions EUR/USD can be as low as 0.2 pips
      Trading Platforms & Demo Account ECN trading available
      Bonus for New and Existing Customers <
      ReviewTrade now
    • Plus500 Forex
      1 Reviews
      Trading Offer & Conditions EUR/USD from 0,7 Pip Spread
      Trading Platforms & Demo Account Trading per WebTrader
      Bonus for New and Existing Customers <
      ReviewTrade now
    • City Index Forex
      1 Reviews
      Trading Offer & Conditions EUR/USD from 0,5 pips spread
      Trading Platforms & Demo Account More than 80 indicators at the trading platform
      Bonus for New and Existing Customers <
      ReviewTrade now
    lock-iconSign in


    Don't Have an Account? Register