FXGiants vs GKFX Broker Comparison

FXGiants vs GKFX Broker Comparison

FXGiants versus GKFX
Online BrokerMinimum DepositTrading PlatformsMarketsRegulated
$100MT4200+FCA, ASIC
$20MT4, Sirix500+FCA

FXGiants versus GKFX Comparison

Both FXGiants and GKFX are FCA regulated. FXGiants provides STP/ECN and non-STP/ECN accounts. GKFX offers CFD trading and spread betting. FXGiants's ECN accounts offer variable spreads both with and without a commission charge. Its non-ECN accounts provide both variable and fixed spreads (including a fixed spread spread account with low spreads and a commission charge).

GKFX offers fixed low fixed spreads for spread betting. Like FXGiants it also provides fixed and variable spreads for CFD trading, but it does not offer ECN trading with a commission charge. GKFX can offer tight spreads on its VIP account.

Quick comparison

GKFX offers spread betting (in the UK) and CFD trading, while FXGiants has a range of CFD trading account including STP/ECN. Both offer MT4, GKFX also provides Sirix.

Minimum deposit and account types

The minimum deposit for FXGiants is $100. The minimum deposit for GKFX is $20.

  • FXGiants offers five account types, the Micro account, the Premium account, the 0 Fixed Spread account, the STP/ECN No Commission account and the STP/ECN 0 Spread account. The Micro and Premium accounts have two types, Live Fixed or Live Floating Spread.
  • FXGiants's 0 Fixed Spread account offers fixed spreads from 0 plus a commission charge. The STP/ECN 0 Spread account offers variable ECN spreads from 0, with a commission charge. FXGiants provides economic news and an economic calendar on its website. It also provides a dedicated account manager and a 24/5 dealing hotline for its non-ECN accounts.
  • 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.

Markets

  • FXGiants provides 200+ covering Forex, Indices, Metals, Energy, Shares, Soft Commodities and Cryptocurrencies (with both Spot and Futures FX and Indices products). FXGiants provides 80+ Forex pairs along with FX Futures.
  • GKFX offers 500+ covering Forex, Indices, Metals, Energy, Shares, Soft Commodities, Cryptocurrencies and the Bund. GKFX provides 90+ Forex pairs.

Cryptocurrency CFDs

  • FXGiants offers Bitcoin, Ethereum, Litecoin and Ripple.
  • GKFX offers Bitcoin, Ethereum, Litecoin, Ripple and Dash.

Spreads and leverage

  • FXGiants can provide non-ECN EUR/USD spreads on the Micro account from 1.1 variable and 2.2 fixed and Premium non-ECN EUR/USD spreads from 1.8 fixed and 0.7 variable without a commission charge. It can also offer EUR/USD spread fixed at 0, with a commission charge.
  • STP/ECN account spreads at FXGiants are variable and are from 1.7 for EUR/USD on the STP/ECN No Commission account and 0.0 on the STP/ECN 0 spread account, and from around 1 for UK100, 0.50 for Gold on the STP/ECN No Commission account and 0.15 on the STP/ECN 0 Spread account, and 0.04 for US Crude 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 FXGiants (FCA regulated) is . Maximum leverage for GKFX is .

Commissions

  • GKFX does not charge commissions.
  • FXGiants charges a commission of $13 per lot round trip for its ECN Zero account and does not charge a commission for its ECN No Commission account. On its 0 Fixed Spread account, FXGiants charges a commission from $18 per lot per side.

Platforms

Both brokers offer MT4. GKFX also offers Sirix and a web trader. These platforms are available for desktop and also tablet and mobile either as apps or in mobile browsers.

Comparison summary

  • Both brokers offers fixed and variable spread CFD trading
  • FXGiants can also offer ECN trading with and without a commission charge
  • For ECN trading with a commission charge, FXGiants can provide low Forex spreads
  • GKFX also offers low fixed Forex spreads for spread betting
  • FXGiants can provide very low fixed Forex spreads with a commission charge added, for CFD trading
  • Both brokers are regulated by the FCA

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