General Information & Regulation
AKFX Financial Services Ltd is a Malta-based stockbroking company established in 2013. GKFX is the registered trademark of AKFX Financial Services Limited, which is ultimately subject to the same ownership and control of other businesses forming part of the Global Kapital Group. AKFX Financial Services Limited claims that it is authorized and regulated by the Malta Financial Services Authority, however, this license was revoked now.
Market Instruments
AKFX offers traders a wide range of financial products, including currency pairs, indices, commodities, stocks, and cryptocurrencies.
Accounts & Leverage
There are two live account options available on AKFX platform: the Standard and the Premium accounts. The minimum deposit for the standard account is €200, while the initial deposit for the premium account soars to $20,000.
Spreads & Commissions
AKFX Standard accounts only charge a spread fee of 0.6 pips on EURUSD and no additional commissions on Forex, Precious Metals, and Indices. Premium accounts have a spread of 0.1 pips on EURUSD and a commission of 6 USD per lot. Regarding SWAPs, EURUSD (long) is -6:00 and (short) is 0.80.
Trading Platforms
AKFX offers traders the most popular MT4, MT5, and WebTrader online trading platforms available today.
Deposit & Withdrawal
AKFX supports traders to deposit and withdraw funds to and from their investment accounts via credit card, wire transfer, Skrill, and other e-wallet methods. Traders depositing via credit card will incur a currency conversion fee if the currency of the deposit is not the same as the account.
Customer Support
The support team of GKFX is available from Sunday 10 pm through Friday 10 pm and can be reached via phone, e-mail or message directly from their website. A live chat function is listed, but it was not available during standard business hours which is when this review was conducted.
