City Index vs GKFX Comparison

City Index vs GKFX UK Broker Comparison

City Index versus GKFX
Online BrokerMinimum DepositTrading PlatformsMarketsRegulated
NoneMT4, Web Trader, Advantage Web & Apps, AT Pro12,000+FCA, ASIC, MAS
$20MT4, Sirix500+FCA

City Index and GKFX Comparison

Both of these brokers are regulated in the UK and provide CFD trading and spread betting. City Index can offer more individual markets than GKFX. GKFX provides accounts which offer either fixed or variable CFD spreads. City Index offers variable CFD spreads. For spread betting, GKFX offers low fixed spreads, while City Index provides low variable spreads. Both brokers are regulated by the FCA in the United Kingdom. City Index is also regulated by the ASIC in Australia and the MAS in Singapore.

Minimum deposit and account types

City Index has no minimum deposit requirement. The minimum deposit for GKFX is $/€/£20.

  • City Index offers CFD trading and spread betting. City Index provides a news feed, market reports and a Trading Academy.
  • GKFX provides Spread Betting, Fixed and Variable CFD accounts, Swap Free, VIP and Corporate accounts. The minimum deposit for the VIP/Corporate accounts is $25,000.
  • Trading Central is available to GKFX clients who deposit at least $1000. A free Virtual Private Server (the Welcome VPS) is available to clients with a starting balance of £1,600, T&Cs apply. GKFX also provides MarketInsights on the website, which includes technical studies, Trader's Sentiment, articles, a weekly view, a news feed, and a set of analysis tools including a Heat Map of changes in value for products and an Economic Matrix of figures for various economies. There is also trader's education in the form of course, videos, webinars and tutorials.


  • City Index provides Forex pairs, Indices, Energy, Metals, Soft Commodities, Shares, Cryptocurrencies, Bonds, ETFs, IPOs, Interest Rates and Options, with 12,000+ on offer. City Index Australia and City Index Singapore have less markets (5,000+), as they do not offer spread betting.
  • GKFX offers Forex Pairs, Indices, Energy, Metals, Soft Commodities, Shares, Cryptocurrencies and the Bund, with 500+ on offer.

City Index offers 80+ Forex pairs (on MT4), GKFX offers 90+ Forex pairs.

Cryptocurrency CFDs

  • City Index offers Bitcoin, Ethereum, Litecoin, Ripple and Bitcoin Cash (as CFDs or for spread betting).
  • GKFX offers Bitcoin, Ethereum, Litecoin, Ripple and Dash (as CFDs or for spread betting).

Spreads and leverage

  • City Index provides variable spreads, from 0.5 for EUR/USD, 1 for UK100, 0.3 for Gold and 0.04 for US Oil.
  • GKFX offers both fixed and variable spreads for CFD trading. Its lowest spreads are on the VIP account, which has EUR/USD spreads from 0.6. For the Fixed Spread account EUR/USD spreads are 1.8 and on the Variable account EUR/USD spreads are from 1.2. For the Fixed, Variable and VIP account types, UK100 spreads are from 1 and US Crude Oil spread are from 0.05. For the Fixed account, Gold spreads are 0.50 and for the Variable accounts, Gold spreads are from 0.30 and for the VIP account Gold spreads are from 0.20.
  • Spread Betting spreads at GKFX are fixed, at 0.7 for EUR/USD, 0.9 for UK100, 0.30 for Gold and 0.03 for US Crude Oil.

Maximum leverage for City Index UK is . Maximum leverage for GKFX is .


  • City Index offers a Web Trader, MT4 and AT Pro. GKFX offers MT4, an MT4 webtrader and Sirix. Both brokers have mobile apps.
  • The minimum stake size for spread betting at City Index is £0.50 and at GKFX is £0.10 for Forex. Both brokers allow micro lot trading.

Why City Index or GKFX ?

Both offer CFD trading and in the UK, spread betting. However City Index has considerably more markets (though less on MT4). City Index has two web traders and AT Pro, while GKFX offer the Sirix web trader (which is based on MT4).

Comparison summary

  • Both brokers provide CFD trading and spread betting
  • City Index offers many more individual markets to trade
  • City Index provides a wider range of markets
  • GKFX offers its tightest spreads for its VIP account
  • GKFX offers low fixed spread spread betting spreads
  • City Index provides low variable spread betting and CFD spreads
  • Both brokers are FCA regulated

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