GekkoXM
Brief information about GekkoXM
The broker GekkoXM started its operations in 2017, specializing in the FX and CFD markets. The company is owned by GekkoXM Ltd. The broker holds a certificate from the International Securities and Markets Authority (ISMA) under the number MOFR RU 121 AO BR007. It should be noted that ISMA, as a non-commercial organization, is not a regulator and does not have the authority to issue licenses for brokerage activities.
GekkoXM Instruments
The range of instruments offered includes over 250 positions, covering various categories:
- Forex,
- gold and silver,
- oil,
- indices,
- cryptocurrencies.
Types of accounts on the GekkoXM platform
There are 5 types of accounts available, depending on the deposit amount.
Basic account. The minimum deposit is $250. The basic account includes introductory training, daily market reviews, and periodic webinars with professionals. The bonus size is 20%.
Bronze account. Requires a deposit of at least $500. The account holder is provided with a personal manager, albeit a beginner. Bonuses are 40%.
Silver account. Available with a deposit of over $2,500. The silver account holder is provided with an experienced personal manager and an individual trading coach. The bonus size is increased to 60%.
Gold account. Requires a deposit of $5,000 to $9,999. Manager qualifications and bonuses are increased — up to 80%. A client-specific strategy is developed.
Platinum account. Available for investments of $10,000 and above. The most qualified personal managers, maximum trainer attention, and a 100% bonus are promised.
An Islamic account without swaps is possible. There is also a demo account available after registration.
Personal account on the GekkoXM platform
It is recommended to start with registering a demo account to familiarize yourself with the platform without the need to invest real funds. To register a practice account, you need to provide your full name, phone number, email, and select your country. The novice trader sets the deposit amount and chooses the desired leverage — up to 1:500.
Additional steps are required to open a real account, specifying additional parameters and settings.
GekkoXM platform offers its own terminal in two versions: regular and mobile. Supported currencies: dollars, euros, and three cryptocurrencies.
Deposits and withdrawals on GekkoXM
There are numerous options for depositing and withdrawing funds.
- bank transfers,
- payment services Skrill, WebMoney, Neteller, QIWI,
- cryptocurrency wallets in BTC, ETH, LTC formats.
Depositing funds into the platform is free for the trader, but the commission for transferring bitcoins, Ethereum, and Litecoin will have to be paid independently according to the network tariff.
Withdrawal fees vary. It is recommended to review them in the corresponding table.
GekkoXM Review Summary
The availability of a demo account and the possibility to obtain some form of documentation are a plus. It is important to note that the ISMA certificate does not replace a full license from a regulatory body. The minimum deposit of $250 may seem quite high. Many regulated brokers offer the opportunity to trade with much smaller amounts. We recommend weighing the risks before investing in a company without a specific license.