The daily market reports come up every week day on the website.
Trading research is very sparse on GKFX Prime, and only one facility for research is provided.
Daily Market Reports:
This is the only facility that traders can use in terms of market research. This is only available on a subscription basis.
The education centre comprises of webinars, VOD, eBooks, articles, courses and tutorials.
Where GKFX Prime has seen shortcomings on the research aspect of its business, it has been able to make up for with its ‘Education Centre’. This is the trader education suite that comprises training videos, courses, articles and tutorials.
A forex tutorial is located on the GKFX Prime website. It covers a tutorial on aspects of forex trading, a walkthrough of the MT4 platform and a glossary containing basic forex terminology.
The video center is an assemblage of training videos grouped into two:
- Video classes that teach various aspects of forex trading.
- A weekly tutorial class by different authorities on the subject of forex trading.
This is a free book introducing forex trading to beginners. It contains various topics such as chart patterns, use of indicators and candlesticks.
GKFX Prime brokerage is suitable for beginner traders, and perhaps some intermediate-level traders. Expert traders will find the offering of this brokerage too elementary for their skill levels.
The GKFX Prime brokerage is suitable for beginners and some intermediate-level traders. The multiple asset listing is a good way to give new traders an introduction into forex and CFD trading. Moreover, the forex education is adequate for beginners. Intermediate level traders can also benefit from the add-ons such as the volatility analysis and the Autochartist tool.
The MT4 platform allows the use of EAs and VPS, which is great for beginners as well. The demo account can help in strategy testing and optimization. Expert traders will not find the site or the offering of this broker helpful as the features are too basic for that level.
Here are some of the “Frequently Asked Questions” about GKFX Prime:
Where is GKFX Prime based?
GKFX Prime is based in British Virgin Islands, but also has offices in Malaysia, Indonesia and UAE.
How does GKFX Prime make money?
GKFX Prime makes money by spreads on the Standard Fixed, Standard Variable and VIP Variable accounts. Additionally, a commission of $10 per round lot is charged on the ECN Zero accounts.
How do I deposit funds into my GKFX Prime account?
- Deposits and withdrawals are transacted in Euros, US Dollars and British Pounds.
- The payment options accepted are: bank wires, cards (MasterCard, VISA and e-wallets such as Skrill and Sofort).
What is the min. deposit for GKFX Prime?
The minimum deposit is $20 ($50 with bank wires)
What is the maximum leverage in GKFX Prime?
The maximum leverage is 1:1000 for all accounts except the VIP Variable account which has a leverage of 1:400.
How do I open an account with GKFX Prime?
Click on the ‘Open account’ button found on the website and fill the forms.
Does GKFX Prime use MetaTrader?
Yes, the MT4 and MT5 are the available platforms.