Compare FXTM vs GKFX - Trading Brokers Comparison

Compare FXTM vs GKFX

FXTM versus GKFX Comparison Table
Online BrokerMinimum DepositTrading PlatformsMarketsRegulated
$10MT4, MT5200+FCA, CySEC, FSCA, FSC
$100MT4300+MFSA

FXTM and GKFX Comparison

Both of these brokers offer MetaTrader 4 (MT4). FXTM additionally provides MetaTrader 5 (MT5). FXTM has a Cent account with a very low minimum deposit and trade size.

FXTM is additionally regulated by the FCA in the United Kingdom, by the CySEC in Cyprus and the FSC in Mauritius and is licensed by the FSCA in South Africa. GKFX is regulated by the MFSA in Malta.

Quick comparison

Both brokers provide MT4. FXTM additionally provides MT5 and has a Cent account (on MT4).

Minimum deposit and account types

The minimum deposit for FXTM is $10. The minimum deposit for GKFX is $100.

  • FXTM offers three Standard account types: Standard, Cent and Shares and three ECN accounts: ECN, ECN Zero and Pro. The minimum deposit for the Cent account is $/€/£10, for the Standard and Shares accounts $/€/£100, for the ECN Zero account $/€/£200, for the ECN account $/€/£500 and for the Pro account the minimum deposit and minimum account balance is $/€/£25,000. The Pro account offers spreads from 0 without a commission charge. FXTM offers Market Analysis and Education on its website. Copy Trading is available via FXTM Invest. The minimum trade size is 0.0001 lots.
  • 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 offers Forex, Indices, Energy, Metals and Stocks, with 250+ available.
  • GKFX offers Forex, Indices, Energy, Metals, Stocks, Cryptocurrencies, Soft Commodities and Bonds, with 300+ on offer.

Spreads and leverage

FXTM can provide Forex spreads from 1.3 without a commission charge and from 0.1 with a commission charge. GKFX can offer Forex spreads from 0.6 without a commission charge.

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.
  • GKFX does not charge commissions.

Online trading platforms

Both brokers provide MT4. FXTM also provides MT5. These platforms are available on desktop, tablet and mobile.

Why FXTM or GKFX ?

Those who want to trade on MetaTrader (MT4) can find this platform at either broker. Traders who want to trade on MetaTrader 5 (MT5) may do so at FXTM. Traders who want to trade on ECN accounts may do this at FXTM. Traders who want to trade on an account with very small trade sizes and a low minimum deposit, can find a Cent account at FXTM.

Comparison summary

  • Both brokers offer CFD trading
  • Each provides MT4
  • FXTM additionally provides MT5
  • FXTM offers a Cent account with a low minimum deposit and trade size

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