Compare FXTM vs GKFX - Trading Brokers Comparison

Compare FXTM vs GKFX

FXTM versus GKFX Comparison Table
Online BrokerMinimum DepositTrading PlatformsMarketsRegulated
$5MT4, MT5200+FCA, CySEC, FSCA, FSC
$20MT4, Sirix500+FCA

FXTM and GKFX Comparison

FXTM offers both ECN and non-ECN CFD trading. GKFX provides both CFD trading and spread betting. While FXTM offers variable spreads, GKFX provides fixed or variable spreads for CFD trading. Unlike GKFX, FXTM provides low spreads with a commission charge. However GKFX offers low fixed spread betting spreads. Both brokers are regulated by the FCA in the United Kingdom. FXTM is additionally regulated by the CySEC in Cyprus and the FSC in Mauritius and is licensed by the FSCA in South Africa.

Quick comparison

FXTM: MT4 and MT5; GKFX: MT4 and Sirix - GKFX has more markets, FXTM offers STP/ECN trading as well as other account types.

Minimum deposit and account types

The minimum deposit for FXTM is $5. The minimum deposit for GKFX is $/£20.

  • FXTM provides three Standard accounts. These are the Standard, Cent and Shares accounts. The minimum deposit for the Cent account is $/€/£5 or ₦1,000 and the minimum deposit for the Standard and Shares account is $/€/£100 or ₦20,000. These are instant execution accounts (they are not no dealing desk). Micro lot trading is available for all account types. Scalping is allowed only on the ECN accounts. FXTM provides a range of tools, including signals, daily market analysis, news and an economic calendar.
  • FXTM offers a number of ECN accounts. There include the FXTM ECN Account, the ECN Zero, the FXTM ECN MT5, the Strategy Account, FXTM Pro and FXTM Pro MT5. The ECN and MT5 accounts charge commissions, the others do not. The minimum deposit for the ECN Zero account is $/€/£200 or ₦20 000, the minimum deposit for the FXTM ECN MT5 account is $/€/£500 or ₦20,000, the minimum deposit for the Strategy Account is $/€/£100 and the minimum deposit for the FXTM Pro accounts is $/€/£25,000 or ₦5,000,000.
  • 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, 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

  • FXTM can offer slightly different numbers of markets for each ECN account types, which can be between 35+ and 60+. The FXTM ECN account offers 60+. All the accounts provide Forex and Precious Metals, the FXTM ECN account can also offer Energy and Indices.
  • For the non-ECN accounts, FXTM can offer more on the Standard account, with 75+ covering Forex, Precious Metals, Energy and Indices. The Cent account offers less, at 25+, covering Forex and Precious Metals. FXTM also has a non-ECN account which provides 180+ Shares CFDs.
  • GKFX offers Forex Pairs, Indices, Energy, Metals, Shares, Cryptocurrencies, Soft Commodities and the Bund, with 500+ on offer.

Spreads and leverage

  • Spreads at FXTM are variable, and for EUR/USD are from 1.3 on the Standard account, 1.5 on the Cent account, 0.1 on the ECN account, 0.5 on the ECN Zero account, 0.2 on the FXTM ECN MT5 account, 0.3 on the Strategy account and 0 on the FXTM Pro accounts.
  • FXTM offers a typical spread of 5.0 (Standard) and 1.5 (ECN) for UK100, a minimum spread from .107 (Standard) and .05 (ECN) for Gold and a typical spread of 0.09 (Standard) and 0.04 (ECN) For US Oil. The Shares Account has spreads on Share CFDs from 0.1.
  • 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 at GKFX, 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 FXTM (FCA or CySEC regulated) is . Maximum leverage for GKFX is .

Commissions

  • FXTM charges a commission starting at $2 per lot per side, depending on the equity in the account and the volume traded. There is no commission charged for the ECN Zero, Strategy or Pro accounts or the non-ECN accounts.
  • GKFX does not charge commissions.

Platforms

Both brokers provide MT4. FXTM also provides MT5 on its MT5 ECN account and a web trader based on MT4. GKFX offers MT4, an MT4 web trader and Sirix. These platforms are available on desktop, tablet and mobile.

Comparison summary

  • Both brokers offer CFD trading
  • GKFX also offers spread betting
  • FXTM provides low spreads with a commission charge
  • FXTM also offers spreads with no commission charge
  • GKFX provides tight CFD spreads on its VIP account
  • GKFX also offers low fixed spread betting spreads
  • Both offer MT4
  • FXTM also provides MT5, GKFX also offers Sirix

Search this site

Translate