GKFX vs Plus500 Broker Comparison

GKFX vs Plus500 Broker Comparison

GKFX versus Plus500 Comparison Table
Online BrokerMinimum DepositTrading PlatformsMarketsRegulated
$100MT4300+MFSA
$100Web Trader & Apps2000+FCA, ASIC, FSB, FMA, CySEC, MAS & IE

GKFX and Plus500 Comparison

Plus500 provides a large number of CFDs to trade. 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.

GKFX is regulated by the MFSA in Malta.

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 CFD trading on MT4. Plus500 provides CFD trading on a web trader and apps and has more markets to trade.

Account types and minimum deposit

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

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

Spreads and leverage

GKFX can offer low Forex spreads plus a commission charge and Forex spreads from 0.6 without a commission charge. 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. 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. Plus500 is for traders who make their own trading decisions, offering more markets and an intuitive platform.

Comparison summary

  • Both brokers offer CFD trading
  • Plus500 provides a relatively large number of CFDs, GKFX provides a relatively large number of Forex pairs
  • GKFX offers MT4
  • Plus500 provides a web trader and apps

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