Compare GKFX vs RoboMarkets - Trading Brokers Comparison

Compare GKFX vs RoboMarkets

GKFX versus RoboMarkets Comparison Table
Online BrokerMinimum DepositTrading PlatformsMarketsRegulated
$20MT4, Sirix500+FCA
$100MT4, MT5, R Trader11,000+CySEC, IFSC

GKFX and RoboMarkets Comparison

Both brokers offer CFD trading. GKFX additionally provides spread betting. Both have MT4. RoboMarkets also offers MT5 and R Trader. GKFX also provides Sirix.

On all its account except R Trader, RoboMarkets offers less markets than GKFX, but on R Trader it offers considerably more. GKFX is regulated by the FCA in the United Kingdom. RoboMarkets is regulated by the CySEC in Cyprus and the IFSC in Belize.

Minimum deposit and account types

The minimum deposit for GKFX is $/£20. The minimum deposit for RoboMarkets is $100.

  • 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.
  • RoboMarkets offers accounts based around its three platforms, MT4, MT5 and R Trader. MT4 and MT5 each offer a Pro-Standard, Pro-Cent and Pro-ECN account. MT4 additionally offers a Fix-Cent, a Fix-Standard, and ECN-Pro NDD and an ECN-Fixed Spread NDD and an MT4 Prime account. RoboMarkets's R Trader is a web trading platform, which has many more markets available than the other accounts. RoboMarkets also offers a CopyFX account (which supports transaction copying) and a RAMM account (which supports strategy copying).
  • RoboMarkets's minimum deposit for all accounts except MT4 prime is $100. The minimum deposit for MT4 Prime is $5,000. The Prime account is an ECN account with lower commission charges. RoboMarkets offers an Islamic (Swap Free) version for some of these accounts. Micro lot trading is available.
  • RoboMarkets provides RoboForex Analytics on its website. This offers a range of tools including analysis, signals, videos and education. It offers StrategyQuant for building MT4 robots and the R Trader Strategy Builder.

Markets

  • GKFX offers Forex, Indices, Cryptocurrencies, Metals, Stocks, Soft Commodities, Energy and the Bund, with 500+ available.
  • RoboMarkets's Cent account offers Forex and Precious Metals, for a total of 35+.
  • RoboMarkets's Standard and ECN accounts offer Forex, Indices, Energy, Precious Metals and Cryptocurrencies, for a total of 45+.
  • On its R Trader account, RoboMarkets offers Forex, Indices, Cryptocurrencies, Stocks and ETFs, for a total of 11,000+.

Cryptocurrency CFDs

  • GKFX offers Bitcoin, Ethereum, Ripple, Litecoin and Dash.
  • RoboMarkets offers Bitcoin, Ethereum, Ripple, Litecoin, Dash, Bitcoin Cash, EOS, Bitcoin Gold, Golem, IOTA, NEO, OmiseGO, Qtum and Monero.

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 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.
  • On RoboMarkets's Pro-Cent and Pro-Standard accounts, the average spread for EUR/USD is 1.6 and Gold 2.23. On the ECN accounts the minimum spread for EUR/USD is 0.1, Gold 0.8 and US Crude Oil 0.01. On the Prime account, the minimum spread for EUR/USD is 0.0, Gold 0.4 and US Crude Oil 0.01.

The maximum leverage for GKFX is . Maximum leverage for RoboMarkets (CySEC regulated) is .

Commissions

  • RoboMarkets commission are $2 per lot per side for its ECN accounts except for its Prime account where they are $1.5 per lot per side.

Platforms

Both brokers offer MT4 on desktop and apps and an MT4 web trader. RoboMarkets additionally offers MT5 desktop, MT5 apps and R Trader.

Comparison summary

  • Both brokers offer CFD trading, GKFX also provides spread betting
  • Each has MT4
  • GKFX additionally provides Sirix, RoboMarkets additionally provides MT5 and R Trader
  • RoboMarkets can offer more markets to trade than GKFX, on R Trader, less on its other accounts
  • RoboMarket provides STP/ECN trading on some of its accounts
  • GKFX is FCA regulated, RoboMarkets is CySEC and IFSC regulated

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