GKFX vs Pepperstone Comparison

GKFX vs Pepperstone Broker Comparison

GKFX versus Pepperstone Comparison Table
Online BrokerMinimum DepositTrading PlatformsMarketsRegulated
$100MT4300+MFSA
$200MT4, MT5, cTrader150+FCA, ASIC

GKFX and Pepperstone Comparison

Both of these brokers offer MT4. Pepperstone additionally provides MT5 and cTrader. Both brokers can offer Forex trading with and without a commission charge, however to trade with a commission charge requires a considerably higher minimum deposit at GKFX. GKFX has more markets to trade on MT4, but Pepperstone offers a competitive number overall (on MT5) for an ECN broker.

GKFX is regulated by the MFSA in Malta. Pepperstone is regulated by the FCA in the United Kingdom and the ASIC in Australia.

Quick comparison

Both offer MT4. Pepperstone additionally provides MT5 and cTrader. GKFX has more markets to trade, but Pepperstone has a competitive number for an ECN broker.

Account types and minimum deposit

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

  • 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.
  • 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 Bonds, with 300+ available.
  • Pepperstone offers Currency pairs, Indices, Energy, Cryptocurrencies, Soft Commodities, Metals and Stocks, with 150+ available.

Cryptocurrency CFDs

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

Spreads and leverage

Both brokers can offer low Forex spreads plus a commission charge. GKFX can additionally provide Forex spreads from 0.6 without a commission charge, while Pepperstone can additionally offer Forex spreads from 1 without a commission charge.

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

Commissions

  • GKFX charges commissions of $3 per lot per side on its Premium account.
  • 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.

Online trading platforms

GKFX offer MT4. Pepperstone provides MT4, MT5 and cTrader.

Both brokers offer micro lot trading

Why GKFX or Pepperstone ?

Traders who want to trade on MT4 may do so at either broker. Traders who want to trade on MT5, the successor to MT4, may do so at Pepperstone, which additionally provides cTrader. Traders who want to trade on accounts with a commission charge (and low Forex spreads) may do so at either broker, though GKFX has a considerably higher minimum deposit for this kind of trading ($20,000 vs $200).

Comparison summary

  • Both brokers provide CFD trading
  • Each offers MT4
  • Pepperstone additionally provides MT5 and cTrader
  • Pepperstone has a lower minimum deposit to trade with a commission charge

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