GKFX vs XM Broker Comparison

GKFX vs. XM Broker Comparison

GKFX versus XM Comparison Table
Online BrokerMinimum DepositTrading PlatformsMarketsRegulated
$100MT4300+MFSA
$5MT4, MT51000+ASIC, CySEC, IFSC

GKFX and XM Comparison

Each broker has MT4, while XM additionally offers MT5. XM can provide its Micro (cent) account which has low minimum trade sizes.

GKFX is regulated by the MFSA in Malta. XM is regulated by the CySEC in Cyprus, the ASIC in Australia and the IFSC in Belize.

Quick comparison

GKFX offers trading on MT4, while XM offers MT4 and MT5 trading.

Account types and minimum deposit

The minimum amount which can be deposited with GKFX is $100. The minimum deposit for XM is $5.

  • 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.
  • XM CySEC regulated offers three account types, a Micro and a Standard account, both with minimum deposits of $5 and the XM Zero account, with a minimum deposit of $100. An Islamic account is available for each account type. The Micro and Standard accounts do not charge commissions, the XM Zero account does charge commissions. The Micro and Standard accounts differ in terms of order sizes available.
  • XM ASIC regulated offers the XM Ultra Low account instead of the XM Zero account. XM IFSC regulated offers the Micro, Standard and Ultra Low accounts and a Shares account (with real Shares to own). The minimum deposit for the Ultra Low account is $50. The minimum deposit for the Shares account is $10,000.
  • XM offers an economic calendar, a personal account manager, video tutorials, daily technical analysis, Forex market research and daily Forex signals, trading tools, market outlook and webinars. XM allows EAs, hedging and scalping.

Markets

  • GKFX offers Forex, Indices, Energy, Metals, Stocks, Soft Commodities, Cryptocurrencies and Bonds.
  • XM offers Forex, Indices, Energy, Metals, Stocks, Soft Commodities and Cryptocurrencies.

GKFX offers less, with 300+, versus 1000+ for XM.

Cryptocurrency CFDs

  • GKFX offers Bitcoin, Ethereum, Litecoin and Ripple.
  • XM offers Bitcoin, Ethereum, Litecoin, Ripple and Bitcoin Cash.

Spreads and leverage

Both brokers can offer low Forex spreads plus a commission charge. GKFX can provide Forex spreads from 0.6 without a commission charge while XM can offer Forex spreads from 0.6 without a commission charge (Ultra Low) and from 1 without a commission charge (Standard).

The maximum leverage for GKFX is . The maximum leverage for XM (CySEC regulated) is .

Commissions

  • GKFX charges commissions of $3 per lot per side on its Premium account.
  • XM charges commissions of £3.5 per lot per side on its XM Zero account.

Online trading platforms

GKFX offers MT4. XM offers MT4 and MT5. Both brokers provide micro lot trading.

Comparison summary

  • GKFX offers fixed and variable spreads, XM provides variable spreads
  • GKFX offers MT4 and Sirix, XM provides MT4 and MT5
  • GKFX's minimum deposit is $100, XM's minimum deposit is $5

Search this site

Translate