Compare eToro vs GKFX

Compare eToro vs GKFX

eToro vs GKFX Comparison Table
Online BrokerMinimum DepositTrading PlatformsMarketsRegulated
$200Web Trader & Apps1000+FCA, CySEC, ASIC
$20MT4, Sirix500+FCA

eToro and GKFX Comparison

eToro is a CFD broker, though its cryptocurrencies when bought are not CFDs and are owned by the trader. GKFX offers both CFD trading and spread betting, and its cryptocurrencies are not owned by the trader. GKFX offers a range of platforms namely Sirix, MT4 and an MT4 web trader. eToro has social trading as a central part of the experience of its platform. GKFX provides social trading though the Sirix platform.

eToro can offer more markets to trade. On its spread betting account, GKFX can offer low fixed Forex spreads - spread betting is available for both Sirix and MT4. eToro and GKFX are both FCA regulated. eToro is additionally CySEC regulated and ASIC regulated.

Quick comparison

Both brokers offer social trading and copy trading, eToro on its web trader and apps, GKFX on Sirix, GKFX also has MT4 and supports both CFD trading and in the UK spread betting.

Minimum deposit and account types

The minimum deposit for eToro is $200. GKFX's minimum deposit is $/€/£20.

  • eToro is a Social Trading Network which supports trading, social trading and auto trading by copying other traders (or being copied) and provides products based on this network. The minimum trade size is 0.01 lots.
  • 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, 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

  • eToro offers Forex, Indices, Energy, Metals, Stocks, Cryptocurrencies, ETFs and Bonds, with 1000+ available.
  • GKFX offers Forex, Indices, Energy, Metals, Stocks, Cryptocurrencies, Soft Commodities and the Bund, with 500+ available.

Cryptocurrencies

  • eToro provides Bitcoin, Ethereum, Litecoin, Ripple, Dash, Bitcoin Cash, NEO, IOTA, EOS, Cardano, Stellar, Ethereum Classic, TRON, Zcash and Binance Coin.
  • GKFX offers Bitcoin, Ethereum, Litecoin, Ripple and Dash (as CFDs or for spread betting).

Spreads and leverage

  • eToro's typical spreads are 3 for EUR/USD, 1 for UK100, 0.45 for Gold and 0.05 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 eToro is . The maximum leverage for GKFX is .

Platforms

eToro offers a web trader and apps on tablet and mobile. GKFX offers MT4, a web trader based on MT4 and Sirix.

Comparison summary

  • eToro offers CFD trading
  • GKFX offers CFD trading and spread betting
  • eToro can provide more markets to trade
  • eToro has a range of social trading tools, and also offers thematic investing
  • eToro has a web trading platform and apps
  • GKFX offers MT4, an MT4 web trader and Sirix
  • Both are FCA regulated, eToro is additionally CySEC regulated and ASIC regulated

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