FXOpen vs GKFX

FXOpen vs GKFX Comparison

FXOpen versus GKFX
Online BrokerMinimum DepositTrading PlatformsMarketsRegulated
$20MT4, Sirix500+FCA

FXOpen and GKFX Comparison

Both brokers offer CFD trading, though GKFX also provides spread betting in the UK. Both are MT4 brokers, though FXOpen is an ECN broker. FXOpen can offer low Forex spreads plus a commission charge, while GKFX can offer tight variable spreads, without a commission charge for CFD trading. GKFX can offer more markets to trade, but FXOpen has a competitive number for an ECN broker.

Both brokers are regulated by the FCA in the United Kingdom. FXOpen is additionally regulated by the ASIC in Australia and the FSRC in Nevis.

Quick comparison

Both offer MT4, GKFX also has Sirix. FXOpen is an ECN broker, GKFX offers MT4 spread betting in the UK, as well as 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 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.


  • On the MT4 ECN account, FXOpen offers Forex, Indices, Energy and Precious Metals, with 65+ available.
  • On the MT4 STP account, FXOpen provides Forex and Precious Metals, for a total of 50+.
  • On the MT4 Crypto account, FXOpen offers Forex, Precious Metals and Cryptocurrencies, for a total of 55+.
  • On MT4, GKFX offers Forex, Indices, Energy, Metals, Cryptocurrencies and Soft Commodities, Stocks and Bonds, with 500+ 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, Ripple and Dash.

Spreads and leverage

  • Spreads at FXOpen are variable and are from 0.0 for EUR/USD, 0.0 for UK 100, 0.0 for Gold and 0.0 for US Crude Oil (all plus commission). The STP account has higher spreads.
  • 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 FXOpen (FCA regulated) is . The maximum leverage for GKFX .


  • 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 does not charge Forex commissions.


Both brokers offer MT4, available for desktop, tablet and mobile. GKFX offers MT4, an MT4 web trader and Sirix.

Comparison summary

  • Both offer CFD trading
  • They each provide MT4
  • GKFX also has a fixed spread spread betting account on MT4 in the UK
  • FXOpen is an ECN broker
  • GKFX can offer more markets
  • Each has a range of Cryptocurrency CFDs to trade
  • Both are FCA regulated

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