GK Invest Review 2023 – Local Licensing Limits Brokerage to Indonesia

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GK Invest is an Indonesian-based trading company. Since we don’t often have a chance to review these, we did a thorough job. 

Our GK Invest review covers all the questions, from licensing to trading terms. Ensure you read carefully, so you can learn your rights when trading.

However, this license authorized the firm only to operate in Indonesia. If they want to provide their services outside of the country, they must comply with local regulations and obtain a license from the local authorities.

It should be noted that Indonesian authorities are not as firm as some Tier 1 regulators, such as FCA, ASIC, and BaFin. For instance, the leverage is not limited, and there is also no obligation to form a compensation fund.

If you have any details about GK Invest broker and their business, we’d appreciate you sharing them with us.

GK Invest is an Indonesian-based trading brokerage. The firm is licensed by local authorities and cannot operate outside the country.

GK Invest is an Indonesian-based trading brokerage. The firm is licensed by local authorities and cannot operate outside the country.

According to our research, the majority of the traffic of gkinvest.co.id. comes from Indonesia. However, there are other countries on this list, too, including:

GK Invest’s trading platform is exceptionally good. The brokerage offers MT5, the newest and most advanced MetaTrader version.

It’s a powerful software with Market Depth, supporting various strategies, such as hedging and scalping. You can use multiple add-ons, including social trading, bots, and Expert Advisors. The platform supports all types of orders, such as pending, stop, and market orders.

It is also accessible through a web browser as a WebTrader. This is a suitable solution if you prefer to avoid app installation.

In addition to Windows and MacOS, MT5 is also available as a mobile app. You won’t lose any functionality, but you will get a convenient quick login method. You can find links for Android and iOS on the GK Invest website.

Using their MT5, you can trade in four different markets, those being:

Cryptocurrencies are not on offer, which could be due to the recent BAPPEBTI decision to consider them commodities and require different licensing.

The spread ranges from 0.0 to 0.8 pips and can be fixed or variable, depending on the account type. Additionally, you can expect to pay $1-5 per lot, again depending on your chosen account and tradable asset. The company has swap-free accounts, but the initial deposit is higher than for the ones where the swap applies.

We reviewed GK Invest account types and found three on offer:

As you can guess, the main difference is the spread. Additionally, the Raw Zeros account has a commission of $5 per lot for FX and gold, while all other accounts and assets have $1.

If you choose an Islamic swap-free account, initial deposits are $500, $5,000, and $50,000, respectively.

You can choose the MT5 app or WebTrader and register for a GK Invest Demo account. You can test your strategies risk-free and evaluate whether their trading terms suit you as an investor.

The trading conditions match the ones on a Live account, with the leverage up to 1:100. This leverage can increase your buying power but also cause significant losses unless you’re careful. That’s why it’s always better to practice first or use lower leverage in accordance with the EU and UK limits (1:30).

Another disadvantage we’ve noticed is that there’s only one payment method for GK Invest withdrawals. Namely, the firm only accepts payments through a bank transfer and approves payouts through the same account.

The minimum withdrawal is 100,000 IDR, equal to $6.5 at the time of writing. The broker may require additional documents when withdrawing your funds and will send you a Withdrawal Verification Code to your registered address.

However, limiting payments to a bank wire only means that you cannot submit a chargeback dispute if something goes wrong. In this case, you must prepare all the documentation and contact your bank’s fraud department, then wait for a lengthy investigation to end. This is why we always recommend choosing a brokerage firm that allows debit/credit card deposits. In such cases, you can request a chargeback within up to 540 days.

GK Invest is an Indonesian-based trading broker under BAPPEBTI and JFX regulations. The firm offers its customers trading in currency pairs, commodities, indices, and shares via MT5.

Let us know if you experience issues with this or any other online trading brokerage. Global Fraud Protection will evaluate your case during a free consultation and check if you have legal grounds to request a refund. If so, we will assist you with the first steps in the process. Share your story today!

GK Invest is a trading brokerage under a license from Indonesia. In case of any trouble with your account, we might be able to assist you.

Yes, GK Invest offers its customers a risk-free Demo account.

GK Invest offers its traders MT5 which comes as a mobile app as well.

GK Invest is a trading brokerage under a license from Indonesia. In case of any trouble with your account, we might be able to assist you.

Yes, GK Invest offers its customers a risk-free Demo account.

GK Invest offers its traders MT5 which comes as a mobile app as well.

The post GK Invest Review 2023 – Local Licensing Limits Brokerage to Indonesia appeared first on Global Fraud Protection.

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