Welcome to GKFX Prime Journal
Journal status: live
GKFX Prime actively participating | not yet
GKFX Prime profile
- Website: http://www.gkfxprime.com
- Year founded: 2012
- Headquarters: BVI
- Dealing type: MM, DMA, ECN marketing
- Minimum deposit (MM account): $ 1
- Minimum deposit (ECN account): $ 1
- Full listing profile: GKFX Prime broker profile
Is GKFX Prime safe?
- Investor protection: Insurance
- Regulation: FSC BVI
- 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
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.
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.
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.
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.