GKFX vs IC Markets Comparison

GKFX vs IC Markets Broker Comparison

GKFX versus IC Markets Comparison Table
Trade Now >>Minimum DepositTrading PlatformsMarketsRegulated
$100MT4300+MFSA
$200MT4, MT5, cTrader230+ASIC, CySEC, FSA

GKFX and IC Markets Comparison

GKFX provides CFD trading. IC Markets offers ECN CFD trading and STP/ECN CFD trading. Both offer MT4. IC Markets additionally provides MT5 and cTrader. IC Markets has less markets to trade than GKFX, but a competitive number for an ECN broker.

GKFX is regulated by the MFSA in Malta. IC Markets is regulated by the ASIC in Australia, the CySEC in Cyprus and the FSA in the Seychelles.

Quick comparison

Both are MT4 brokers, 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 $100. The minimum deposit for IC Markets is $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.
  • IC Markets offers the Standard, Raw Spread, Islamic (Swap Free) and cTrader Raw accounts. IC Markets provides market analysis, Web TV (market commentary and trade ideas in a video), educational articles and video tutorials and an economic calendar on its website. IC Markets provides ZuluTrade and Myfxbook for social and copy trading. IC Markets uses Equinix NY4 and London LD5 Servers to deliver low latency trading conditions and has micro (0.01) lot trading.
  • IC Markets's Standard account does not charge a commission, but the Raw Spread and cTrader Raw accounts charge a commission. Scalping, hedging and automated trading are allowed.

Markets

  • GKFX offers 300+, 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 and Ripple.
  • IC Markets offers Bitcoin, Ethereum, Litecoin, Ripple, Dash, Bitcoin Cash, Emercoin, Namecoin, Peercoin and EOS.

Spreads and leverage

GKFX can provide Forex spreads from 0.6 without a commission charge. IC Markets can offer Forex spreads from 1 without a commission charge and from 0 with a commission charge.

The maximum leverage for GKFX is . The maximum leverage for IC Markets (ASIC or FSA regulated) is 500:1. The maximum leverage for IC Markets (CySEC regulated) is .

Online trading platforms

GKFX and IC Markets offer MT4. IC Markets also provides MT5 and cTrader. These platforms are available on desktop, tablet and mobile.

Why GKFX or IC Markets ?

Those who want to trade on MT4 may do so at either broker. Those who want to trade on MT5 and cTrader can find these platforms at IC Markets. IC Markets is an ECN broker, but offers a relatively large number of markets to trade for this kind of broker.

Comparison summary

  • Both brokers provide CFD trading
  • Each offers MT4
  • IC Markets additionally provides MT5 and cTrader
  • IC Markets is an ECN broker and offers social and copy trading

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