GKFX vs IC Markets Comparison

GKFX vs IC Markets Broker Comparison

GKFX versus IC Markets
Trade Now >>Minimum DepositTrading PlatformsMarketsRegulated
$20MT4, Sirix500+FCA
$200MT4, MT5, cTrader230+ASIC

GKFX and IC Markets Comparison

GKFX provides CFD trading and spread betting with a range of account types. IC Markets offers ECN CFD trading and STP/ECN CFD trading. Both offer MT4. IC Markets additionally provides MT5 and cTrader, while GKFX also offers Sirix. IC Markets has less markets to trade than GKFX, but a competitive number for an ECN broker. GKFX is regulated by the FCA in the United Kingdom, IC Markets is regulated by the ASIC in Australia.

Quick comparison

Both are MT4 brokers: GKFX also has Sirix, IC Markets also has MT5 and cTrader. IC Markets is an ECN broker, GKFX can offer more markets to trade.

Account types and minimum deposit

The minimum deposit for GKFX is $/£20. The minimum deposit for IC Markets is $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.
  • IC Markets offers four account types. These are Standard, True ECN, Islamic (Swap Free) and the cTrader ECN account. IC Markets has a focus on providing fast low latency ECN trading conditions. IC Markets says that the True ECN and cTrader accounts are more suited to EAs and Scalpers, but all trading styles are welcome on each account type.
  • IC Markets's Standard account does not charge a commission, but the True ECN account charges a commission. The cTrader ECN also charges commissions. IC Markets provides Forex news, video tutorials and and economic calendar on its website.


  • GKFX offers 500+, covering Forex, Indices, Metals, Energy, Cryptocurrencies, Soft Commodities, Bonds and Stocks.
  • IC Markets provides 230+, covering Forex, Indices, Metals, Energy, Cryptocurrencies, Soft Commodities, Bonds, Stocks and ETFs.

Cryptocurrency CFDs

  • GKFX offers Bitcoin, Ethereum, Litecoin, Ripple and Dash.
  • IC Markets offers Bitcoin, Ethereum, Litecoin, Ripple, Dash, Bitcoin Cash, Emercoin, Namecoin, Peercoin and EOS.

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 IC Markets are variable and are from -0.3 for EUR/USD on cTrader (or 0.0 on MT4) with an average of 0.1, 1 for UK100, 0.30 for Gold and 0.01 for US Crude Oil. For the Standard account EUR/USD spreads are from 1 with an average of 1.1.

The maximum leverage for GKFX is . The maximum leverage for IC Markets is 500:1.


GKFX and IC Markets offer MT4 (both brokers also offer a web trader based on MT4). IC Markets also provides MT5 and cTrader. GKFX additionally offers Sirix. These platforms are available on desktop, tablet and mobile.

Comparison summary

  • GKFX is FCA regulated, IC Markets is ASIC regulated
  • GKFX offers more instruments, both brokers have a range of markets
  • IC Markets is an ECN broker
  • GKFX offers spread betting and CFD trading
  • IC Markets can charge commissions or offer STP/ECN spreads which are higher
  • GKFX offers commissions free CFD trading and spread betting
  • IC Market can provide very low ECN spreads with a commission charge
  • GKFX can provide low fixed spread betting spreads
  • GKFX can offer low variable CFD spreads for its VIP account
  • Both provide MT4
  • IC Markets additionally offers MT5 and cTrader
  • GKFX also offers Sirix

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