FXOpen vs GKFX

FXOpen vs GKFX Comparison

FXOpen versus GKFX Comparison Table
Online BrokerMinimum DepositTrading PlatformsMarketsRegulated
$300MT465+FCA, ASIC, FSRC
$100MT4300+MFSA

FXOpen and GKFX Comparison

Both are MT4 brokers, though FXOpen is an ECN broker. FXOpen can offer low Forex spreads plus a commission charge. GKFX can offer tight variable spreads without a commission charge for CFD trading but on its Premium account with a $20,000 minimum deposit can provide low Forex spreads plus a commission charge. GKFX can offer more markets to trade, but FXOpen has a competitive number for an ECN broker.

FXOpen is regulated by the FCA in the United Kingdom, the ASIC in Australia and the FSRC in Nevis. GKFX is regulated by the MFSA in Malta.

Quick comparison

Both offer MT4. FXOpen is an ECN CFD broker, GKFX offers CFD trading.

Minimum deposit and account types

The minimum deposit for FXOpen is €/$300 or £200. The minimum deposit for GKFX is $/€/£20.

  • FXOpen offers three accounts types, ECN, STP and Crypto, with Forex and CFD trading. The ECN account charges commissions on its markets, the STP does not charge commissions. The ECN account has a wider range of market available. The Crypto account is an STP account which additionally offers a range of Cryptocurrencies (which have a commission charge). The minimum trade size is 0.01 lots. Market news and analysis are available via RSS and an economic calendar is provided on FXOpen's website.
  • GKFX provides Standard, Premium and Corporate accounts. The minimum deposit for the Standard account is $100. The minimum deposit for the Premium account is $20,000 and the minimum deposit for the Corporate account is $25,000.
  • GKFX offers Trading Central and Autochartist. A free Virtual Private Server (the Welcome VPS) is available to clients with a starting balance of £2,500, T&Cs apply. GKFX additionally provides an Economic Calendar, education and videos on its website.

Markets

  • FXOpen offers Forex, Indices, Energy, Metals and Cryptocurrencies, with 65+ available.
  • GKFX offers Forex, Indices, Energy, Metals, Cryptocurrencies, Soft Commodities, Stocks and Bonds, with 300+ available.

Cryptocurrency CFDs

  • FXOpen offers Bitcoin, Ethereum, Litecoin, Ripple, Dash, Bitcoin Cash, Ethereum Classic, Monero, IOTA, NEO, EOS, Namecoin, Peercoin, Emercoin and OMNI.
  • GKFX offers Bitcoin, Ethereum, Litecoin and Ripple.

Spreads and leverage

FXOpen can offer Forex spreads from 0 plus a commission charge. GKFX can provide Forex spreads from 0.6 without a commission charge.

Maximum leverage for FXOpen (FCA regulated) is . The maximum leverage for GKFX .

Commissions

  • For Forex, FXOpen charges a commission, which depends on volume traded, from $1.5 - $5 per standard lot per side. Other instruments have differing commission charges.
  • GKFX charges commissions from $3 per lot per side on its Premium account.

Online trading platforms

Both brokers offer MT4, available for desktop, tablet and mobile.

Why FXOpen or GKFX ?

Traders who wish to trade on MT4 may do so at either broker. Traders who want to trade with an ECN broker, may do so at FXOpen. Those who want to trade a larger number and wider range of markets can do this at GKFX.

Comparison summary

  • Both offer CFD trading
  • They each provide MT4
  • GKFX can offer more markets to trade
  • FXOpen is an ECN broker

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