GKFX Prime is a forex broker that claims to offer a variety of trading services, including CFDs, forex, and indices. However, there are a number of red flags that suggest that GKFX Prime is a scam broker.
Company Overview
GKFX Prime is a relatively new broker, having been founded in 2012. The company is registered in the British Virgin Islands, but it does not have any licenses from any major financial regulators. This is a major red flag, as it means that GKFXPrime is not subject to any oversight or regulation.
Does GKFX Prime Have Any License?
No, GKFX Prime does not have any licenses from any major financial regulators. This is a major red flag, as it means that GKFXPrime is not subject to any oversight or regulation.
Is GKFX Prime Regulated By Any Authority?
If you see the company name, this is not the same name as GKFXPrime. It is proved that they are faking another company.
Pros and Cons
Pros:
- Low minimum deposit
- Leverage up to 1:500
Cons:
- Unregulated
- No customer protection
- Negative reviews from previous traders
How Does GKFX Prime Reach To Their Prey?
GKFX Prime reaches out to potential traders through a variety of channels, including online advertisements, social media, and cold calls. The company’s marketing materials are often misleading and deceptive, making it difficult for potential traders to understand the risks involved in trading with GKFX Prime.
Technical Details
Minimum Deposit:
The minimum deposit for GKFXPrime is not published on their website.
Trading Platform:
This website offers the MetaTrader 4 and MetaTrader 5 platforms. These are two of the most popular trading platforms in the world.
Spread:
The spreads offered by GKFX Prime are variable. This means that the spread will change depending on market conditions.
Leverage:
The maximum leverage offered by GKFX Prime is 1:500. This is a very high level of leverage and can be risky for traders.
Packages and Products They Offer
GKFX Prime offers a variety of trading packages, including a Standard fixed, Standard variable, VIP variable, and ECN Zero. The standard account is the most basic account and offers the lowest trading fees. The VIP account offers higher trading limits and more trading features.
Withdrawal and Deposit Method
They offer a variety of withdrawal and deposit methods, including credit cards, debit cards, wire transfers, and e-wallets.
What Do Their Previous Traders Say?
The reviews of GKFX Prime from previous traders are overwhelmingly negative. Many traders have complained about the company’s high fees, poor customer service, and fraudulent trading practices.
Summing Up- Why Should Not You Trust GKFX Prime
There are a number of reasons why you should not trust GKFX Prime. The company is unregulated, has no customer protection, and has been the subject of numerous complaints from previous traders. If you are considering trading with GKFX Prime, I urge you to reconsider. There are many other reputable forex brokers that offer better trading conditions and customer service.
If Bad Things Happen, Where Can You Get The Quick Solution?
If you have lost money trading with GKFX Prime, you may be able to get your money back through a chargeback or by filing a complaint with a financial regulator. You can also contact us for help.
You will get a free consultation call and some recovery service recommendations to get help in recovering the lost funds.
File A Complaint Against Scam Broker's
Final Thoughts
GKFX Prime is a scam broker that should be avoided. If you are considering trading with this company, we advise you to reconsider. There are many other reputable forex brokers that offer better trading conditions and customer service.
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