GKFX has developed in-house a full-fledged ECN (Electronic Communication Network) which features all the latest technology used in the finance industry.
What is ECN?
Characteristics of GKFX ECN
GKFX ECN is a multimodular, endlessly scalable system.
ECN is built based on a high-speed data exchange and architecture capable of handling high-frequency queries.
GKFX ECN has throughput capacity of over 30,000 orders per second.
Any quantity of liquidity providers may be connected to GKFX ECN. The liquidity providers are merged into one stream which allows for a stable, steady system and provides access to the best prices in the market.
GKFX ECN features an innovative logic for operating with liquidity providers which allows operations to be optimized, the load on liquidity providers to be reduced, and high quality execution of client orders to be achieved.
Level II market depth, which is available through GKFX ECN, demonstrates the transparency of work and also contains a number of essential functions such as one-click trading and instant determination of the average-weighted price at the required volume.
One of the distinct features of GKFX is that client orders are visible in the market depth. Our clients can see both their own orders and those of others in the system, influence the spread as well as trade client-to-client with no spread.
GKFX ECN makes no restrictions on placing entry orders. Clients may place limit orders within the spread.
We have no restrictions regarding trading tactics, such as ‘pipsing’ or ‘scalping.’ There are no clauses in the contract concerning the length of time or amount of profit derived from trades.
Market spread starting at 0 pips.
Instant execution and no requotes.
There’s another distinct feature of our ECN: GKFX clients may gain execution at prices more favorable than those they indicated in the order. For transparency, we added a service to MT4 which adds to the order commentary the amount of slippage when the order is opened and closed.
How does it appear?
All slippage is automatically recorded and reflected in the commentary for trades. You can see commentary both for open positions as well as in your account history. For this, you need to activate the display commentary feature in the terminal (right click in the window with your trades and check the box indicating commentary). The first number in brackets shows the slippage for opening the position and the second number shows it at the position's closing.
GKFX does not in any way interfere in the trading process. We have no artificial delays or slippage.
Thanks to the anonymity of trades, orders from any given client are not identified in the overall stream, which precludes the possibility of liquidity providers giving any particular client worse execution. GKFX has an interest in the profitability of traders and in increasing trading volumes. We do everything possible to ensure the profitability of our clients.
Trading account types
|Account currency||USD, EUR, RUR|
|Minimum deposit||none *||10,000 USD, 7,500 EUR,
|Minimum trade volume||Forex: 0.01 lot, increment 0.01 lot.
Metals (spot): 0.1 lot, increment 0.1 lot
|Forex & metals (spot): 1 lot
(step 0.1 lot)
|Maximum trade volume||100 lots|
|Maximum quantity of orders||Unlimited|
|Spread||Market spread starting at 0 pips|
|Leverage (Forex)||1:100 (up to 1:500**)||1:100|
|Margin percentage (metals spot)||1%|
|Locked margin||Forex: 50%. Metals (spot): 0.5%|
|Commission||None||$25 per mln USD ***||$15 per mln USD ***|
|Trading platforms||MetaTrader 4; MetaTrader 4 for iPhone, iPad, Android|
|Type of execution||instant execution||market execution|
|FOREX instruments||37 currency pairs, Metals (spot)|
|Market depth (Level II)||No||Yes|
|One-click trading||Yes (through MT 4 terminal)||Yes|
|Client orders in market depth||No||Yes|
|Client-to-client trading (no spread)||No||Yes|
|Trading with expert advisors||Yes|
|Percentage of client orders put to market||100%|
* In order to open a position with the minimum volume a deposit of $10-20 is required (depending on the instrument).
** Decisions concerning raising the amount of leverage offered to clients are decided on an individual basis. If your trading strategy involves using higher leverage while maintaining a reasonable level of risk, and you can justify why this is the case, write to email@example.com or contact your personal manager.
*** Commission for one side of trade (commission doubled for round-turn trade).