GKFX provides three basic account types: Variable, Repair, and VIP. Besides, there is a corporate account and a sharia-compliant account that does not contain swaps (Islamic). All of them enable trade without commission.
The company came in action in 2010. Since then, they have been rapidly growing. They have also been expanding its offer with many products, including FX, CFDs, goods, stocks, and indices. They are also involved in spread betting (for residents of Great Britain).
GKFX is a London brand of GKFX Financial Services Ltd., part of the Global GKFX Group with offices in Beijing, Bratislava, Brno, Cairo, Dubai, Frankfurt, Hong Kong, Jakarta, Johannesburg, Madrid, Milan, Paris, Prague, Shanghai, and Warsaw.
The company holds an Australian subsidiary of GKFX Financial Services Australia Pty Ltd., which operates an ASIC license.
The Financial Conduct Authority (FCA) authorizes and regulates GKFX Financial Services Ltd. It means that it complies with high ethical standards, security, and transparency. To obtain a license from FCA, brokers based in the United Kingdom must have a minimum of EUR 730,000 of net fixed assets to prove their financial stability and maintain customer funds on segregated bank accounts.
The FCA regulation also involves an additional guarantee for clients' funds. They are covered by the FSCS, where the maximum benefit amount is GBP 50,000 per person in the event of the broker's insolvency.
What's more, this company also has registration in many EU regulators, including Bafin, CONSOB, Czech CNB, and others.
Regarding the Australian arm of GKFX Financial Services Australia Pty Ltd., the Australian Securities and Investment Commission (ASIC) licensed it appropriately.