Abstract：Witnessing capital losses despite tall investment return assurances by GKFX officials? Do these officials sound too difficult for you to judge, whether they offer real or fake advice? Do you encounter slippage issues causing a profit reduction on the GKFX login? Is account freezing usual at GKFX? Does the United Kingdom-based forex broker prevent you from accessing withdrawals? You are not alone! In this GKFX review guide, we have shared the complaints. Take a look!
Witnessing capital losses despite tall investment return assurances by GKFX officials? Do these officials sound too difficult for you to judge, whether they offer real or fake advice? Do you encounter slippage issues causing a profit reduction on the GKFX login? Is account freezing usual at GKFX? Does the United Kingdom-based forex broker prevent you from accessing withdrawals? You are not alone! In this GKFX review guide, we have shared the complaints. Take a look!
Explaining the Top Complaints Against GKFX
Capital Scams Amid Assurances and Deceptions
A trader accused GKFX of driving manipulative practices involving fake assurances, profitable trades, and finally irrecoverable losses. The trader admitted having been introduced to the GKFX trading platform through a contact, claiming to have years of forex trading expertise and a drawdown risk-control mechanism as much as 20%. While the first month saw losses on the remittance amount worth 142,000 RMB, the trader did receive 2400 RMB as 2% monthly interest. Withdrawals took effect to increase the traders confidence. Just as all seemed nice and settled, the losses rose sharply, and the trend just continued. The trader, shocked by the incident, shared this GKFX review online.
The Loss due to the Slippage Issue
The user reports a 6-pip slippage on XAG/USD, noting that the platform quotes prices to two decimal places, meaning one pip equals $50. Although the stop-loss was set at 27.60, the trade was triggered at 27.55, causing a larger-than-expected loss. The screenshot below, containing trading figures, vividly describes the financial mess for the trader.
The Account Freeze and the Unwarranted Payment That Follows
A trader commented that GKFX froze his trading account on the grounds of a wrong card number. To unfreeze the account, the trader paid the same amount he had deposited to open it. But it did not stop there, as the trader was asked to make additional payments. Here is the trading journey explained through this GKFX review.
Withdrawals Require Payments, Alleged Traders
Traders often allege that GKFX delays withdrawals and asks them to pay stuff such as the margin fee. Here are two complaints dedicated to withdrawal issues.
GKFX Review by WikiFX: Details Regarding Score & Regulatory Supervision
The complaints mentioned above put GKFX under the scanner and demanded a thorough investigation into its modus operandi. We at WikiFX conducted an unbiased investigation to find out that the broker is not a regulated entity despite being over a decade in forex business. This alarmed us, and should do the same to traders. Amid the elevated investment risk threats, the WikiFX team gave GKFX a score of just 2.05 out of 10.
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