Beware! GK Invest is an offshore broker! Your investment may be at risk.
Don’t put all your eggs in one basket. Open trading accounts with at least two brokers.
GK Invest is an Indonesia-based brokerage that focuses on CFD trading. It falls under the regulatory oversight of the Indonesian authorities and provides its clients with the MetaTrader 5 terminal. The minimum deposit is quite below the standard $250 which we view as quite favorable but the spread on EUR/USD is a bit high at 1.6 pips.
GK Invest regulation & safety of funds
According to the website the brokerage RuizeanMarket is a broker brand of the company Global Kapital Investama Berjangka. We remind readers that the government of Indonesia have integrated Forex trading within its regulatory framework and brokerages operating there have to be licensed by the relevant governmental body. The company itself assures its clients of its legitimacy by following the strictest regulatory standards. The company is in fact licensed by the local Commodity Futures Trading Regulatory Agency (BAPPEBTI), the Indonesian Derivatives Clearing House (ICDX) and the Jakarta Futures Exchange (BBJ). We always recommend readers deal only with regulated brokerages that have been issued licenses by top-notch agencies such as CySEC or The Financial Conduct Authority of the UK which is also among the foremost regulators in Europe and also requires a minimum capital of €730 000. There is also a compensation scheme set up which may recover clients losses up to €85 000.
GK Invest trading software
As was stated above, the brokerage provides the MetaTrader 5 platform which is among the foremost trading terminals in Forex trading at the moment, close to 80 percent of users prefer it. The platform provides an advanced charting package, lots of technical indicators, extensive back-testing environment and a variety of Expert Advisors (EAs). Beginner traders will find the trading platform easy to use as well, due to its user-friendly lay out.We were able to register for a demo account and get a look at it. However, we must point out here that the selection of trading products available for clients ис not all that impressive, they do include CFDs on precious metals, indices, however, crypto currencies which we highly value as an advantage for potential clients are missing as trading products. As was stated above – the required minimum deposit is quite low and favorable – traders need to risk only $10 to begin trading with GK Invest which is a big advantage. The industry average in Forex trading is a pip and a half which, however, puts the spread offered by GK Invest exactly at the threshold of what we would call favorable. Furthermore, the brokerage extends a leverage up to 1:100 which is quite generous, especially compared to the maximum allowed under the latest guidelines by the European Securities and Markets Authority (ESMA).
GK Invest deposit/withdrawal methods and fees
From the website it seems as though the broker only supports withdrawals via bank transfer which is disappointing since in Forex trading many Forex brokers also support the standard Visa and MasterCard, as well as bank transfer and popular e-wallets like Skrill and Neteller. There are no withdrawal or deposit fees, nor we could we find any troubling provisions in the terms and conditions of the brokerage. There is a minimum withdrawal amount of $10 which certainly excessive but still worth noting. However, due to the obscene amount of scamming in online Forex trading, we always advise traders to put up only the required minimum deposit, instead of risking a bigger amount with no certainty. Afterwards, they may also try to withdraw a small amount in order to check for any unexpected fees or delays. Such fees and delays are usually the signs of a scammer.