GKFX vs Plus500 Broker Comparison

GKFX vs Plus500 Broker Comparison

GKFX versus Plus500
Online BrokerMinimum DepositTrading PlatformsMarketsRegulated
$20MT4, Sirix500+FCA
$100Web Trader & Apps2000+FCA, ASIC, FSB, FMA, CySEC, MAS & IE

GKFX and Plus500 Comparison

GKFX offers fixed and variable spread accounts while Plus500 offers fixed or variable spreads depending on the instrument. Plus500 provides a large number of CFDs. GKFX provides a smaller number but it does offer a relatively large number of Forex pairs. Plus500 provides a web trader and apps, while GKFX offers MT4 and Sirix.

GKFX is regulated by the FCA in the United Kingdom. Plus500UK Ltd is authorized and regulated by the FCA (#509909). Plus500CY Ltd is authorized and regulated by CySEC (#250/14). Plus500SG Pte Ltd is licensed by the MAS (#CMS100648-1) and IE Singapore (#PLUS/CBL/2018). Plus500AU Pty Ltd (ACN 153301681) is licensed by: ASIC in Australia, AFSL #417727 and FMA in New Zealand, FSP #486026 and is an authorised Financial Services Provider in South Africa, FSP #47546.

Quick comparison

GKFX offers spread betting (in the UK) and CFD trading on MT4 and Sirix. Plus500 provides CFD trading on a web trader and apps and has more markets.

Account types and minimum deposit

The minimum deposit for GKFX is $/€/£20. The minimum deposit for Plus500 is $/€/£100 or AU$200.

  • 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.
  • Plus500 offers CFD trading. It provides an Economic Calendar on its website covering news events and market effects.

Markets

  • GKFX offers Currency Pairs, Indices, Commodities, Stocks, Cryptocurrencies and the Bund.
  • Plus500 offers CFD trading in Currency Pairs, Indices, Commodities, Stocks, Cryptocurrencies, ETFs and Options.

Plus500 provides more, with 2000+, versus 500+ for GKFX. The difference is a consequence of the larger offering of Stocks by Plus500.

Cryptocurrency CFDs

  • GKFX offers Bitcoin, Ethereum, Litecoin, Ripple and Dash.
  • Plus500 offers Bitcoin, Ethereum, Litecoin, Ripple, Bitcoin Cash, IOTA, NEO, Monero, EOS, Stellar, Cardano and TRON.

Spreads and leverage

  • 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.
  • Plus500 offers fixed and variable spreads depending on the instrument.

The maximum leverage for GKFX is . The maximum leverage for Plus500 is .

Platform

GKFX offers MT4 on desktop, tablet and mobile, an MT4 webtrader and the Sirix platform. Plus500 offers its own platform on desktop, tablet, mobile and watch.

Why GKFX or Plus500 ?

GKFX is an MT4 broker, which supports both CFD trading and in the UK, spread betting. It also offers Sirix. Plus500 is for traders who make their own trading decisions, offering more markets and an intuitive platform.

Comparison summary

  • Both brokers offer CFD trading, GKFX also offers spread betting
  • Plus500 offers tight variable CFD spreads
  • GKFX offers its lowest variable spreads on its VIP account but it also offers low fixed spread betting spreads
  • Plus500 provides a relatively large number of CFDs, GKFX provides a relatively large number of Forex pairs
  • GKFX offers MT4 and Sirix
  • Plus500 provides a web trader and apps

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