1. Broker Overview
Gkg, officially known as GKG Global Limited, was established on October 28, 2019. The company is headquartered in Hong Kong, with its primary office located at Unit G25, Waterfront Studios, 1 Dock Road, London, United Kingdom, E16 1AH. Gkg operates as a private entity and has been active for approximately 5 to 10 years.
Gkg broker primarily serves the forex and CFD trading markets, catering to a diverse clientele that includes retail traders and institutional investors. The firm claims to provide trading services through the popular MetaTrader 4 and MetaTrader 5 platforms, which are well-regarded for their reliability and advanced trading features.
Throughout its operational history, Gkg has faced challenges, including a lack of valid regulatory oversight, which has raised concerns among potential clients. Despite these issues, the company continues to offer a range of trading services and aims to establish a presence in the competitive forex market.
Gkg broker operates under a business model that encompasses both retail forex trading and institutional services. This dual approach allows Gkg to reach a broader audience while providing tailored solutions to meet the specific needs of different client segments.
Gkg broker is currently unregulated, which poses significant risks for potential investors. According to various sources, including WikiFX, the broker has no valid regulatory information and is advised to be approached with caution. The company previously claimed to be regulated in the United States, but it was dissolved on June 29, 2021.
- Regulatory Bodies: Gkg does not have any regulatory licenses from recognized financial authorities.
- License Numbers: There are no registered license numbers available for Gkg broker.
- License Validity and Scope: The lack of regulation raises questions about the safety of client funds and the overall operational integrity of the broker.
- Legal Entities: Gkg operates under the name GKG Global Limited, registered in Hong Kong.
- Client Fund Segregation Policy: There is no available information indicating that Gkg maintains a client fund segregation policy.
- Investor Compensation Fund Participation: Gkg does not participate in any investor compensation schemes.
- KYC and AML Compliance: Details regarding Gkg's KYC (Know Your Customer) and AML (Anti-Money Laundering) compliance measures are not provided in the available resources.
Due to these factors, potential clients should exercise extreme caution and conduct thorough research before engaging with Gkg broker.
3. Trading Products and Services
Gkg broker offers a variety of trading products that cater to different investment strategies and preferences.
- Forex Pairs: Gkg provides access to a range of forex currency pairs, although the exact number and primary pairs are not specified in the available data.
- CFD Products: The broker offers Contracts for Difference (CFDs) across various asset classes, including indices, commodities, stocks, and potentially cryptocurrencies. However, specific details regarding the types of CFDs available are limited.
- Unique Trading Products: There is no information available about any unique or proprietary trading products offered by Gkg.
- Product Update Frequency: The frequency of product updates and the introduction of new trading instruments are not disclosed.
- Retail Trading Services: Gkg primarily focuses on retail trading services, providing individual traders with the necessary tools to engage in forex and CFD trading.
- Institutional Client Services: Information regarding services tailored specifically for institutional clients is not provided.
- White Label Solutions: There is no mention of Gkg offering white label solutions for other businesses.
- Asset Management Services: Details about asset management services are not available.
Gkg broker's product offerings are designed to meet the diverse needs of its clients, although the lack of regulatory oversight may pose risks for potential investors.
Gkg broker supports the industry-standard trading platforms MetaTrader 4 and MetaTrader 5, which are widely praised for their stability and extensive features.
- MetaTrader 4/5 Support: Gkg broker provides access to both MetaTrader 4 and MetaTrader 5 platforms, allowing traders to utilize advanced trading tools such as expert advisors, algorithmic trading, and complex indicators.
- Proprietary Platform Details: There is no information available regarding any proprietary trading platforms developed by Gkg.
- Web-Based Trading Platform: Gkg broker offers a web-based trading platform, although specific features and functionalities are not detailed.
- Mobile Applications: The broker supports mobile trading through applications compatible with both iOS and Android devices, enabling traders to access their accounts and trade on the go.
- Execution Models: Gkg broker utilizes an execution model that is not explicitly defined in the available resources, which may include ECN, STP, or market-making methods.
- Server Location and Infrastructure: The trading servers are located in Hong Kong, but further details about the technical infrastructure supporting the trading operations are not provided.
- API Access and Automated Trading Support: Information regarding API access and support for automated trading is not available.
The availability of popular trading platforms like MetaTrader 4 and 5 positions Gkg broker as a viable option for traders seeking robust trading solutions, despite the regulatory concerns.
5. Account Types and Trading Conditions
Gkg broker offers different types of accounts to cater to various trading needs and preferences.
- Standard Account Conditions: Specific details regarding minimum deposits, spreads, and commissions for standard accounts are not provided.
- Advanced Account Types: Information about advanced account types, such as VIP or professional accounts, is not available.
- Special Accounts: There are no details on the availability of special accounts, such as Islamic accounts or corporate accounts.
- Demo Account Policy: Gkg broker's policy on demo accounts is not specified in the available resources.
- Leverage Ratios: The leverage ratios offered by Gkg broker vary across different products, but specific figures are not provided.
- Minimum Trade Size: The minimum trade size requirements are not disclosed.
- Overnight Fees Policy: Information regarding overnight fees is not available.
The account offerings of Gkg broker are designed to accommodate a range of trading strategies, but the lack of detailed information may pose challenges for potential clients.
6. Fund Management
Gkg broker supports various deposit and withdrawal methods to facilitate client transactions.
- Supported Deposit Methods: The broker accepts deposits through bank transfers, credit cards, and electronic wallets, although specific providers are not listed.
- Minimum Deposit Requirements: Minimum deposit requirements vary by account type but are not explicitly stated.
- Deposit Processing Times: The processing times for deposits are not provided in the available information.
- Deposit Fees: There is no information regarding any fees associated with deposits.
- Withdrawal Methods and Restrictions: Gkg broker's withdrawal methods and any associated restrictions are not specified.
- Withdrawal Processing Times: The processing times for withdrawals are not disclosed.
- Withdrawal Fee Structure: Information about withdrawal fees is not available.
The fund management policies of Gkg broker are crucial for potential clients to understand, as they directly impact the trading experience.
7. Customer Support and Educational Resources
Gkg broker offers several customer support channels to assist clients.
- Support Channels: Clients can reach customer support via telephone, email, and potentially online chat or social media, although specific details are not provided.
- Service Hours and Time Zone Coverage: The operating hours for customer support are not specified.
- Multilingual Support: Gkg broker's support capabilities in multiple languages are not detailed.
- Educational Resource Types: The availability of educational resources, such as webinars, tutorials, and eBooks, is not mentioned.
- Market Analysis Services: Information regarding daily analysis, news, and research reports is not provided.
- Trading Tools: The availability of trading tools, such as calculators, calendars, and signal services, is not specified.
The customer support and educational resources offered by Gkg broker play a vital role in enhancing the trading experience for clients.
8. Regional Coverage and Restrictions
Gkg broker operates in multiple regions, but specific details regarding its market coverage are limited.
- Primary Service Markets: The broker primarily serves clients in Hong Kong and potentially other regions, although exact markets are not detailed.
- Regional Office Distribution: The presence of regional offices is not specified.
- Countries/Regions Not Accepted: Gkg broker does not accept clients from certain countries, but specific details are not provided.
- Special Restrictions: Any special restrictions on trading or account opening are not disclosed.
Potential clients should be aware of the regional coverage and any restrictions that may apply when considering Gkg broker for their trading needs.
In conclusion, Gkg broker presents a range of trading services and products, but the lack of regulatory oversight and detailed information raises concerns for potential investors. It is essential for traders to conduct thorough research and consider all aspects before engaging with Gkg broker.
FX1862874815
Hong Kong
Cannot contact GKG customer service. 160000 dollars in the account was maliciously placed order and caused liquidation. The MT4 account cannot log in and the company had absconded
Exposure
2022-01-16