GKFX vs XM Broker Comparison

GKFX vs. XM Broker Comparison

GKFX versus XM
Online BrokerMinimum DepositTrading PlatformsMarketsRegulated
$/£20MT4, Sirix500+FCA
$/£5MT4, MT5700+FCA, ASIC, CySEC

GKFX and XM Comparison

GKFX provides CFD and Spread Betting accounts. XM provides CFD trading. Both brokers offer a range of account types, with variations in types of spreads. These brokers each have a low minimum deposit requirement, for some accounts. XM offers STP/ECN accounts, while GKFX does not. Each has MT4, while XM additionally offers MT5 and GKFX also offers Sirix. Both brokers are regulated by the FCA in the United Kingdom. XM is additionally regulated by the CySEC in Cyprus and the ASIC in Australia.

Quick comparison

GKFX offers CFD trading and in the UK spread betting on MT4 and Sirix, while XM is a CFD broker offering MT4 and MT5 trading on accounts including an STP/ECN account.

Account types and minimum deposit

The minimum amount which can be deposited with GKFX is $/£20. The minimum deposit for XM is $/£5.

  • 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.
  • XM 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. The Micro account allows smaller trade sizes than Standard account and XM Zero accounts, which allow larger trade sizes. An Islamic account is available for each of these account types. The Micro and Standard accounts do not charge commissions, the XM Zero account does charge commissions, of $5 per lot per side. XM offers free VPS for clients who have a minimum balance of $5000 in their account, T&Cs apply. XM also offers a personal account manager, video tutorials, daily technical analysis, Forex market research and daily Forex signals, market outlook and webinars.

Markets

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

GKFX offers less, with 500+, versus 700+ for XM.

Cryptocurrency CFDs

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

Spreads and leverage

  • GKFX provides 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.
  • Spreads at XM are variable. For the Standard and Micro accounts spreads are from 1 for EUR/USD, 1.5 for UK 100, 0.4 for Gold and 0.05 for US Crude Oil. XM also offers Futures, with UK100 spreads from 4.5.
  • For the XM Zero account, spreads have a low of 0 for EUR/USD. On the XM Zero account Gold has an average spread of 0.21.

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

Commissions

XM charges commissions of £3.5 per lot per side on its XM Zero account.

Platform

GKFX offers MT4 on desktop, tablet and mobile, an MT4 webtrader and the Sirix platform. XM offers MT4 and MT5 on desktop, mobile and tablet and a webtrader. Both brokers offer micro lot trading.

Comparison summary

  • GKFX offers fixed and variable spreads, XM offers variable spreads
  • XM offers STP/ECN accounts with low spreads and a commission charge, GKFX does not, but does not charge a commission
  • GKFX offers spread betting, with a low fixed spread account and CFD trading, XM offers CFD trading only
  • GKFX offers MT4 and Sirix, XM offers MT4 and MT5
  • GKFX's minimum deposit is $20, XM's minimum deposit is $5
  • Both brokers offer a range of account services

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