GKFX vs Spread Co Broker Comparison

Spread Co vs. GKFX Broker Comparison

GKFX versus Spread Co
Online BrokerMinimum DepositTrading PlatformsMarketsRegulated
£20MT4, Sirix500+FCA
£200Saturn Web Trader & Apps1500+FCA

GKFX and Spread Co Comparison

Both GKFX and Spread Co are regulated by the FCA in the United Kingdom. These brokers offer CFD and spread betting accounts. GKFX provides fixed and variable spreads, while Spread Co provides fixed spreads. GKFX has less markets than Spread Co. Both have web trading platforms and apps: Spread Co provides the Saturn web trader while GKFX provides Sirix. GKFX also offers MT4.

Notable feature: GKFX

This broker offers spread betting in the UK on MT4 and Sirix.

Notable feature: Spread Co

Both offer spread betting in the UK, but Spread Co can offer fixed spreads of zero on some markets, T&Cs apply.

Account types and minimum deposit

The minimum deposit for GKFX is $/£20. The minimum recommended amount to be deposited with Spread Co is £200 for spread betting and £250 for CFD trading.

  • GKFX provides Spread Betting, Fixed and Variable spread 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.
  • Spread Co has three spread betting account types: Spread Free, Spread Free Bronze and Standard. It also has a CFD trading account. Spread Free and Spread Free Bronze offers zero spreads on some markets, T&Cs apply. Spread Free Bronze charges a fee and has less restrictions. Spread Co provides news and analysis on its website and a relationship manager for all account holders.

Markets

  • GKFX offers Currency Pairs, Indices, Commodities, Cryptocurrencies, Stocks and the Bund.
  • Spread Co offers Currency Pairs, Indices, Commodities, Bitcoin Future, Equities, ETFs and ADRs.
  • Spread Co offers more, with 1500+, versus 500+ for GKFX.
  • GKFX offers 90+ Forex pairs, Spread Co offers 38+.

Cryptocurrency CFDs

  • GKFX offers Bitcoin, Ethereum, Litecoin, Ripple and Dash.
  • Spread Co offers Bitcoin Futures.

Spreads and leverage

  • 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.
  • Spread Co offers fixed spreads on its spread betting and CFD platforms. For spread betting Standard, Spread Co offer fixed spreads of 0.8 for EUR/USD and UK100, 0.4 for Gold and 0.05 for US Crude Oil. Spread Co's spreads can change with higher order sizes and outside of market hours.
  • For CFDs, Spread Co offers fixed spreads of 1.5 for EUR/USD, 1 for UK100, 0.4 for Gold and 0.04 for US Crude Oil

The maximum leverage for GKFX is . The maximum leverage for Spread Co is .

Platform

GKFX offers MT4 on desktop, tablet and mobile, an MT4 webtrader and the Sirix platform. Spread Co offers the Saturn platform on desktop, tablet and mobile.

Comparison summary

  • Both brokers offers fixed spreads, GKFX offers its lowest spreads on its VIP account
  • Both brokers offer tight fixed spread betting spreads
  • Spread Co can additionally provide zero fixed spreads on some markets for spread betting
  • Spread Co offers a web trader and apps, while GKFX provides MT4 and Sirix
  • Spread Co offers a larger number of products to trade, GKFX offers more Forex pairs

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