GKFX Prime Journal

Journal status: live
GKFX Prime joined in | not yet
GKFX Prime Profile
Year
2012
Country
BVI
Branches
15
Regulation
FSC BVI
Investor protection
Fund protection
Insurance
Publicly traded
no
Restricted countries
Not serving
х US
Broker type
MM, DMA, ECN marketing
Dealing book
A+B hybrid book, A-book
Tier
3
Execution speed
...
LPs total
3
LPs quality
Tier-1 PoPs, other
LPs names
ADS Securities, CMC Markets, Sucden Financial

GKFX Prime Accounts
MM
ECN
Minimum Deposit
1 $
1 $
Leverage
1000 : 1
1000 : 1
Minimum Lot
0.01 lots
0.01 lots
EURUSD spread
1.8 pips
0 pips
Commission
0 $/lotRT
20 $/lotRT
Volume
100 lots
100 lots
Margin Call
100 %
100 %
Stop Out
20 %
20 %
Execution
Instant
Market
Spread
fixed
floating
Scalping
yes
yes
Update broker

Is GKFX Prime safe?

  • Investor protection: Insurance
  • Regulation: FSC BVI
  • Publicly traded: no
  • Segregated account: yes
  • Guaranteed Stop Loss: no
  • Negative Balance Protection: yes

Is GKFX Prime trusted?

  • Information transparency: sufficient ★★★
  • Customer service: ...
  • GKFX Prime website: highly detailed, updated ★★★★★
  • GKFX Prime popularity (by visitor count): low visits ★★

How GKFX Prime works

INSURANCE

We offer a comprehensive fund protection structure to both our professional and retail clients’ funds. Our insurance covers way above the threshold set by our regulator, BVI FSC.

Individual accounts are insured up to $3,500,000 without any cost to clients for protection. Retail clients are generally covered while for professional clients the nature of insurance depends on the business.

https://www.gkfxprime.com/support/legal-documents#insurance

GENERAL

a. GKFX Prime provide margin trading services in Foreign Exchnage and CFDs. It is GKFX Prime decision as to what markets to offer its clients and it does so not as a broker but as a principle and counterparty to each trade. As such, every market offered by GKFX Prime is quoted as a derivative of the underlying market and we are the only execution venue to which you have access through us.

d.GKFX Prime may at its discretion hedge some or all of a client’s position in the underlying market.

TRADING

a. GKFX Prime will act as the principle counterparty on all trades or orders undertaken between you and us.

j. When you place a trade, you deal on our price. We are your counterparty. You sell at our bid price and buy at our offer price. All orders are treated in the same way and will be triggered on our bid or offer.

SCALPING

GKFX Prime, while not condoning the use of ‘scalping’, especially in tandem with Expert Advisors, does not forbid it. We reserve the right to switch off the Expert Advisor functionality for any client who we, at our sole discretion, feel is abusing that facility, or may abuse it in the future. We may also, or instead of, move a client to a direct market access pricing mechanism, known as STP (Straight Through Processing), which will only fill their orders if they can be simultaneously hedged in the global market place. This may also mean the spread for that market will be wider. In extreme cases we may, as per our full Terms of Business, close a client’s account. If GKFX Prime, it its sole opinion, believes a client has been scalping by dealing on latent prices then it may invoke its manifest error rule and cancel all trades which have been done.

https://cdnr.gkfxprime.com/userfiles/docs/ENG/01-GKFX_Prime_Terms_of_Business_2020.pdf

Add new comment