GKFX vs Pepperstone Comparison

GKFX vs Pepperstone Broker Comparison

GKFX versus Pepperstone Comparison Table
Online BrokerMinimum DepositTrading PlatformsMarketsRegulated
$20MT4, Sirix500+FCA
$200MT4, MT5, cTrader95+FCA, ASIC

GKFX and Pepperstone Comparison

Both GKFX and Pepperstone are regulated by the FCA in the United Kingdom. Pepperstone is additionally regulated by the ASIC in Australia. Pepperstone is an ECN broker offering both STP/ECN accounts without a commission charge and ECN accounts with a commission charge. GKFX does not charge commissions and has higher spreads, but its spread betting account offers low fixed spreads. Both brokers offer MT4 and other platforms as well: Sirix in the case of GKFX and cTrader in the case of Pepperstone.

Quick comparison

GKFX: MT4, Sirix, spread betting (in the UK) and CFD trading; Pepperstone: MT4, cTrader, CFD trading. GKFX has more markets, Pepperstone is an ECN broker.

Account types and minimum deposit

The minimum deposit for GKFX is $/£20. The minimum deposit for Pepperstone is $200 or £100 or $AU200.

  • 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.
  • Pepperstone offers four account types. These are Standard, Razor, Islamic (Swap Free) and Active Traders. Pepperstone offers a Weekly Market Review.
  • Pepperstone's Standard and Islamic accounts do not charge commissions and hence offer higher spreads as they include a mark up. The Razor account charges commissions and allows scalping.
  • Pepperstone's Active Traders account is for active traders and institutions depositing at least $25,000 and trading at least 250 lots a month. It offers EDGE ECN Execution, a dedicated relationship manager, a segregated customer account, advanced reporting, VPS hosting services and custom solutions.

Markets

  • GKFX offers Currency Pairs, Indices, Energy, Cryptocurrencies, Soft Commodities, Metals, Stocks and the Bund.
  • Pepperstone offers Currency pairs, Indices, Energy, Cryptocurrencies, Soft Commodities and Metals.

GKFX offers more, with 500+, versus 95+ for Pepperstone. Pepperstone is an ECN broker and this is a relatively large offering for this type of broker.

Cryptocurrency CFDs

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

Spreads and leverage

  • 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 Spread 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 Pepperstone are variable and are from 0.0 for EUR/USD, 1 for UK100, 0.6 for Gold and 0.05 for US Crude Oil. For the Standard account EUR/USD spreads are from 1.

The maximum leverage for GKFX is . The maximum leverage for Pepperstone (FCA regulated) is .

Commissions

GKFX does not charge commissions. Pepperstone charges a commission of $3.76 or AU$3.5 or €2.61 per lot per side on the Razor account, depending on the account currency. cTrader commissions are 7 units per lot round trip of the first quoted currency in the traded currency.

Platform

GKFX offers MT4 on desktop, tablet and mobile, an MT4 webtrader and the Sirix platform.

Pepperstone provides MT4, available for desktop, mobile and tablets (Pepperstone also offers a webtrader based on MT4). Pepperstone also offers cTrader, which provides ECN connections, with Level II pricing. cTrader is available as a WebTrader on mobile and with cAlgo (for trading automation).

Both brokers offer micro lot trading

Why GKFX or Pepperstone ?

Both brokers offer CFD trading, while GKFX has spread betting in the UK as well. Both provide MT4. GKFX also offers Sirix while Pepperstone is a ECN broker and additionally provides cTrader.

Comparison summary

  • Pepperstone offers ECN CFD accounts with and without a commission charge, GKFX offers CFD and spread betting account with no commission charge
  • GKFX provides more markets, but Pepperstone provides a relatively large number for an ECN broker
  • GKFX and Pepperstone offer MT4, GKFX also offers Sirix and Pepperstone offers cTrader
  • GKFX does not charge commissions, but Pepperstone does, for ECN trading
  • Pepperstone can provide very low ECN spreads with a commission charge, GKFX can provide low fixed spread betting spreads
  • Both provide MT4
  • GKFX also offers Sirix, Pepperstone also provides cTrader
  • Both brokers are regulated in the UK, Pepperstone is additionally regulated in Australia

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