FOREX.com vs GKFX Comparison

FOREX.com vs GKFX Comparison

FOREX.com vs GKFX
Online BrokerMinimum DepositTrading PlatformsMarketsRegulated
$50MT4, Advanced Platform, Web Trader300+FCA, ASIC, CFTC, IIROC, SFC, CIMA, FSA
$20MT4, Sirix500+FCA

FOREX.com and GKFX Comparison

GKFX is a spread betting (in the UK) and CFD broker. FOREX.com is a CFD broker. Both have MT4. FOREX.com additionally offers two discretionary trading platforms, while GKFX provides Sirix. Both brokers can offer several hundred markets to trade.

Both brokers are regulated by the FCA in the United Kingdom. FOREX.com is additionally regulated by the ASIC in Australia, the CFTC in the United States, the IIROC in Canada, the SFC in Hong Kong, the CIMA in the Cayman ISlands and the FSA in Japan.

Minimum deposit and account types

The minimum deposit for FOREX.com is $/€/£50. The minimum deposit for GKFX's is $/€/£20.

  • FOREX.com offers CFD trading. The minimum trade size is 0.01 lots. It has an Economic Calendar, Market Research and a news feed on its platforms and a Trader Education course on its website.
  • 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, Autochartist, Tradeworks, 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

  • On The Advanced Platform, FOREX.com offers Forex, Indices, Energy, Metals, Soft Commodities, Cryptocurrencies and Stocks, with 300+ available.
  • On MT4, FOREX.com offers Forex, Indices, Energy, Metals and Soft Commodities, with 110+ available.
  • GKFX offers Forex, Indices, Energy, Metals, Soft Commodities, Cryptocurrencies, Stocks and Bonds, with 500+ available.

Cryptocurrency CFDs

  • FOREX.com offers Bitcoin, Ethereum, Litecoin, Ripple and Bitcoin Cash.
  • GKFX offers Bitcoin, Ethereum, Litecoin, Ripple and Dash.

Spreads and leverage

  • Spreads at FOREX.com are variable or fixed depending on the market, with variable spreads from 1.4 for EUR/USD, a fixed spread of 1 for UK100, a typical variable spread of 0.61 for Gold and 0.04 for US Crude Oil.
  • 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.

The maximum leverage for FOREX.com (FCA regulated) is . The maximum leverage for GKFX .

Platforms

FOREX.com offers the Advanced Platform, a web trader, MT4, an MT4 web trader and apps. GKFX offers MT4, an MT4 web trader and Sirix.

Comparison summary

  • Both brokers offer CFD trading
  • GKFX also provides spread betting in the UK
  • GKFX has more markets to trade
  • Both offer Cryptocurrency CFDs
  • GKFX can provide tight variable spreads
  • GKFX can offer fixed spread betting spreads
  • Both are FCA regulated

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