City Index vs GKFX Comparison

City Index vs GKFX UK Broker Comparison

City Index versus GKFX Comparison Table
Online BrokerMinimum DepositTrading PlatformsMarketsRegulated
NoneMT4, Web Trader, Advantage Web & Apps, AT Pro12,000+FCA, ASIC, MAS
$100MT4300+MFSA

City Index and GKFX Comparison

City Index is a broker offering atrading on a range of platforms, including MT4, but with the bulk of its markets on AT Pro and its user friendly Web Trader. GKFX is an MT4 broker, with a relatively large number of markets and wide range for this kind of broker.

City Index is regulated by the FCA in the United Kingdom, the ASIC in Australia and the MAS in Singapore. GKFX is regulated by the MFSA in Malta.

Quick comparison

Both offer MT4. City Index additionally provides its Web Trader and AT Pro and offers more markets to trade overall, though GKFX has a relatively large number of markets for an MT4 broker.

Minimum deposit and account types

City Index has no minimum deposit requirement. The minimum deposit for GKFX is $100.

  • City Index offers CFD trading and spread betting. City Index provides a news feed, market reports and a Trading Academy.
  • GKFX provides Standard, Premium and Corporate accounts. The minimum deposit for the Standard account is $100. The minimum deposit for the Premium account is $20,000 and the minimum deposit for the Corporate account is $25,000.
  • GKFX offers Trading Central and Autochartist. A free Virtual Private Server (the Welcome VPS) is available to clients with a starting balance of £2,500, T&Cs apply. GKFX additionally provides an Economic Calendar, education and videos on its website.

Markets

  • City Index provides Forex, 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, Indices, Energy, Metals, Soft Commodities, Shares, Cryptocurrencies and Bonds, with 300+ 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 and Ripple. (as CFDs or for spread betting).

Spreads and leverage

City Index provides Forex spreads from 0.5 without a commission charge. GKFX offers Forex spreads from 0.6 without a commission charge and low Forex spreads plus a commission charge.

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

Online trading platforms

  • City Index offers a Web Trader, AT Pro and MT4. GKFX provides MT4. Both brokers have mobile apps.

Why City Index or GKFX ?

Traders who want to trade on platform with a relatively large number of markets available, may do so at City Index on its Web Trader and AT Pro. Traders who want to trade on MetaTrader 4 (MT4) can do so at either broker. Spread betting is offered at City Index for UK traders, in addition to CFD trading.

Comparison summary

  • Both brokers provide CFD trading
  • In the UK, City Index additionally offers spread betting
  • Each has MT4
  • City Index additionally provides its Web Trader and AT Pro
  • City Index can offer considerably more markets to trade overall
  • GKFX has a relatively large number of markets for an MT4 broker

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