GKFX vs UFX Comparison

GKFX vs UFX Broker Comparison

GKFX versus UFX
Online BrokerMinimum DepositTrading PlatformsMarketsRegulated
$20MT4, Sirix500+FCA
$100MT4, ParagonEx450+CySEC

GKFX and UFX Comparison

Both brokers provide a range of account types, with trading in Forex and other markets. UFX and GKFX both offer CFD trading, GKFX also offers spread betting. While GKFX can provide fixed or variable spreads, UFX offers fixed spreads. Both provide MT4 and web traders (plus apps). UFX offers ParagonEx, while UFX provides Sirix. GKFX is regulated by the FCA in the United Kingdom while UFX is regulated by the CySEC in Cyprus.

Quick comparison

GKFX offers CFD trading and in the UK spread betting on MT4 and Sirix. UFX is a crowd trading ParagonEx broker which also provides MT4.

Account types and minimum deposit

The minimum amount which can be deposited with GKFX is $/£20. The minimum deposit for UFX is $100.

  • 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. The minimum trade size is 0.01 lots for CFDs and 0.10p for spread betting.
  • UFX provides six account types, Micro/Mini, Mini, Standard, Gold, Platinum and Islamic. The minimum initial deposit is $100 for the Micro/Mini account, $500 for the Mini account, $1000 for the Islamic and Standard accounts, $5000 for the Gold account and $10,000 for the Platinum account. The minimum trade size ranges from 0.0025 lots for the Micro/Mini account to 1 lot for the Platinum account.
  • All UFX account types have daily market reviews, a video library, daily recommendations and 24hr live support. All except the Micro/Mini account provide a personal trading coach. Standard, Gold and Platinum accounts also have VIP trading support and exclusive updates. Gold and Platinum additionally provide SMS trading alerts and access to MT4.

Markets

  • GKFX offers 500+ covering Forex, Indices, Metals, Energy, Soft Commodities, Stocks, Cryptocurrencies and the Bund.
  • UFX offers 450+ covering Forex, Indices, Precious Metals, Energy, Soft Commodities, Stocks, Cryptocurrencies and ETFs.

Cryptocurrency CFDs

  • GKFX offers Bitcoin, Ethereum, Litecoin, Ripple and Dash.
  • UFX offers Bitcoin, Ethereum, Litecoin, Ripple, Dash, Bitcoin Cash, Bitcoin Gold, Ethereum Classic, Monero, EOS, OmiseGO, Iota, Zcash, Aventus, QTUM, Neo, YOYOW, ETP, Santiment, Streamr, Eidoo and QASH.

Spreads and leverage

  • GKFX provides 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.
  • Spreads at UFX are fixed under normal market conditions, but can vary according to the account type. The lowest spreads are for the Platinum account at 2 for EUR/USD, 0.50 for Gold and 0.05 for US Crude Oil. For the Micro/Mini account spreads are 4 for EUR/USD, 0.75 for Gold and 0.11 for US Crude Oil. For the Standard account spreads are 3 for EUR/USD, 0.65 for Gold and 0.07 for US Crude Oil.

The maximum leverage for GKFX is . The maximum leverage for UFX is .

Platform

GKFX and UFX offer MT4, but UFX only offers it for some account types. GKFX can also offer an MT4 WebTrader and a WebTrader. UFX provides the ParagonEx platform, with MassInsights crowd trading features. These platform are available on desktop, tablet and mobile.

Comparison summary

  • GKFX can offer low fixed spread betting spreads
  • UFX can offer more competitive fixed CFD spread with higher account types
  • GKFX also provides competitive fixed CFD spreads, along with variable spread CFD trading
  • GKFX offers MT4, but UFX only offers it for some account types
  • UFX provides the ParagonEX platform with crowd trading features
  • GKFX is regulated by the FCA, UFX is regulated by the CySEC

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