Compare Dukascopy vs GKFX - Trading Brokers Comparison

Compare Dukascopy vs GKFX

Dukascopy versus GKFX Comparison Table
Online BrokerMinimum DepositTrading PlatformsMarketsRegulated
$100MT4, JForex 3500+FCMC
$20MT4, Sirix500+FCA

Dukascopy and GKFX Comparison

GKFX is a spread betting and CFD broker which can offer tight variable CFD spreads and tight fixed spread betting spreads. Dukascopy provides access to the SWFX Marketplace of liquidity. For this access, it offers low spreads and a commission charge across a range of markets.

GKFX provides MT4 and Sirix. Dukascopy offer MT4 and JForex 3 (an advanced platform for both manual and automated trading). GKFX has a relatively large number of Forex pairs available, but Dukascopy still has a sizeable number. GKFX is regulated by the FCA in the United Kingdom, while Dukascopy is regulated by the FCMC in Latvia.

Quick comparison

Dukascopy provides ECN trading on MT4 and JForex 3. GKFX offers spread betting (in the UK) and CFD trading on MT4. Both have a similar number of markets available to trade.

Minimum deposit and account types

The minimum deposit for Dukascopy is $100. The minimum deposit for GKFX is $/£20.

  • Dukascopy offers CFD trading on one account type. A Swap-free (Islamic) account is available as well. Dukascopy offers webinars through the JForex 3 platform. Dukascopy provides traders access to the Swiss Foreign Exchange Marketplace liquidity pools, which it operates. The minimum trade size is 0.01 standard lots (1000 units). Dukascopy does not restrict trading styles.
  • 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. The lowest Forex spreads available are on its VIP account. Miro lot trading is available for the Fixed and Variable accounts and the minimum trade size for the Spread Betting account is 0.10p. The minimum trade size is 1 lot for the VIP and Corporate accounts.
  • 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, Autochartist, Tradeworks, 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.

Markets

  • Dukascopy offers Forex, Indices, Energy, Metals, Stocks and Cryptocurrencies and Soft Commodities, with 500+ available.
  • GKFX offers Forex, Indices, Energy, Metals, Stocks, Cryptocurrencies, Soft Commodities and the Bund, with 500+ available.

Dukascopy provides 60+ Forex pairs, GKFX offers 90+ Forex pairs.

Cryptocurrency CFDs

  • Dukascopy offers Bitcoin and Ethereum.
  • GKFX offer Bitcoin, Ethereum, Litecoin, Ripple and Dash.

Spreads and leverage

  • Spreads at Dukascopy are variable and are from 0.1 for EUR/USD (with an average of 0.2), 1 for UK100, 0.10 for Gold and 0.02 for US Crude Oil, plus a commission charge.
  • 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 Dukascopy EU is . The maximum leverage for GKFX is .

Commissions

  • Dukascopy charges a commission which varies depending on the volume traded, the initial deposit and equity in the account.
  • For Forex, Dukascopy commissions range from $35 per million USD per side, to $10 per million USD traded per side.
  • For other markets except Stocks, Dukascopy commissions range from $52.5 per million USD per side, to $15 per million USD per side.
  • GKFX does not have ECN commissions

Platforms

Dukascopy provides MT4, JForex 3, JForex Web 3 and apps. GKFX offers MT4, an MT4 webtrader and apps and Sirix.

Comparison summary

  • Dukascopy provides ECN trading
  • Dukascopy gives access to the SWFX ECN
  • Dukascopy can offer low spreads plus a commission charge
  • GKFX provides spread betting and CFD trading
  • GKFX offers tight variable spreads for CFD trading
  • GKFX provides low fixed spreads for spread betting
  • Dukascopy offers MT4 and JForex 3
  • GKFX provides MT4
  • Both are regulated

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