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GKFX vs FXGT.com 2024

BrokerNotes.co

Written by BrokerNotes.co

August 24, 2023

Trying to decide between GKFX and FXGT.com? We’ve taken the guesswork out of the equation with our Comparison Tool. Use our tool to compare hundreds of data points, side-by-side, to see how these two brokers stack up against each other.

Based on our extensive research, hands-on testing, and expert analysis of over a hundred data-driven variables, we've determined that, overall, GKFX ranks more highly than FXGT.com.

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Compare

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Overall Rating GKFX FXGT.com
Overall Rating 7.0 / 10 6.6 / 10
Account Type GKFX FXGT.com
Standard Trade Size (100,000 units) info Yes Yes
Mini Trade Size (10,000 units) info Yes Yes
Micro Trade Size (1,000 units) info Yes Yes
Islamic Account info Yes No
Copy Trading GKFX FXGT.com
Social Trading / Copy Trading info Yes Yes
DupliTrade info No No
ZuluTrade info No No
Cryptocurrency GKFX FXGT.com
Cryptocurrency (Physical) info No No
Cryptocurrency (Derivative) info Yes Yes
Bitcoin info Yes Yes
Ethereum info Yes Yes
Forex Trading (Spot or CFDs) GKFX FXGT.com
Forex Trading (Spot or CFDs) info Yes Yes
Mobile Trading - Forex or CFDs info Yes Yes
Indices (Index CFDs) GKFX FXGT.com
DAX info Yes No
Dow Jones info Yes No
FTSE info Yes Yes
NASDAQ 100 info Yes Yes
Nikkei info Yes No
SP 500 info Yes Yes
Investments GKFX FXGT.com
Forex Trading (Spot or CFDs) info Yes Yes
Spread Betting info No No
Social Trading / Copy Trading info Yes Yes
Metals info Yes Yes
Energies info Yes Yes
Agriculturals info No No
ETF info No No
U.S. Stocks (CFD) info Yes Yes
Trading Platforms GKFX FXGT.com
Apple iOS App info Yes Yes
Android App info Yes Yes
Proprietary Platform info No No
Desktop Platform (Windows) info Yes Yes
Web Platform info Yes Yes
MetaTrader 4 (MT4) info Yes Yes
MetaTrader 5 (MT5) info Yes Yes
Regulatory Licenses GKFX FXGT.com
Tier-1 Licenses info 1 1
Australia (ASIC Authorised) info No No
Canada (CIRO Authorised) info No No
Hong Kong (SFC Authorised) info No No
Japan (SFC Authorised) info No No
Singapore (MAS Authorised) info No No
Switzerland (FINMA Authorised) info No No
United Kingdom (U.K.) (FCA Authorised) info No No
USA (CFTC Authorized) info No No
New Zealand (FMA Authorised) info No No
Regulated in one or more EU or EEA countries (MiFID). info Yes info Yes info
Tier-2 Licenses info 0 1
Tier-3 Licenses info 0 0
Research, Education GKFX FXGT.com
Trading Central (Recognia) info Yes No
Forex News (Top-Tier Sources) info No No
Daily Market Commentary info Yes No
Autochartist info Yes No
Investor Dictionary (Glossary) info Yes Yes
Videos - Beginner Trading Videos info Yes No
Client Webinars (Archived) info Yes No
Trading Costs GKFX FXGT.com
Minimum Deposit info $0 $5
Average Spread EUR/USD - Standard info N/A info N/A
All-in Cost EUR/USD - Active info N/A info N/A
Active Trader or VIP Discounts info No No
Bank Wire (Deposit/Withdraw) info Yes Yes
Visa/Mastercard (Credit/Debit) info Yes Yes
PayPal (Deposit/Withdraw) info No No
Trading Tools GKFX FXGT.com
Watchlists - Total Fields info 7 5
Mobile Watchlist info Yes Yes
Charting - Indicators / Studies (Total) info 30 37
Mobile Charting - Indicators / Studies info 30 30
Trust Factors GKFX FXGT.com
Year Founded info 2013 2019
Publicly Traded (Listed) info No No
Bank info No No
Regulated in one or more EU or EEA countries (MiFID). info Yes info Yes info
Trust Score info 65 69
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GKFX vs FXGT.com Comparison

Comparing forex brokers side by side is no easy task. Our research team has collected thousands of data points, written hundreds of thousands of words of research, and tested over 60 brokers to help you find the best forex brokers in the industry. Trying to decide between GKFX and FXGT.com? Our independent database powered by our unbiased research will help you compare GKFX vs FXGT.com side-by-side.

What is Trust Score?

Trust Score is a data-driven rating system that provides an at-a-glance rating of a broker’s overall trust by tracking 60+ brokers and over 100 regulatory jurisdictions across the globe. To make things clearer for everyday traders, we’ve created a five-tier system for regulators and Trust Score rating labels. Learn more about Trust Score, and check out our country guides to see the most trusted brokers in your country of residence.

Can I trust GKFX?

GKFX has a Trust Score of 65, giving it a "High Risk" Trust Score Label.

Can I trust FXGT.com?

FXGT.com has a Trust Score of 69, giving it a "High Risk" Trust Score Label.

Is GKFX a good broker?

Founded in 2015, GKFX offers the full MetaTrader suite (both MT4 and MT5) as well as its proprietary GKFX Trader proprietary trading app. Spreads are competitive on GKFX's Prime Plus account, though it requires a $15,000 deposit. GKFX is regulated in the EU via its Malta-based entity, but with just one regulatory license, the broker's Trust Score rating is well below the industry average.

Is FXGT.com a good broker?

FXGT.com offers multiple account types and plugins for MetaTrader (depending on the trading tool plan subscription plans you choose) but falls short compared to the best brokers for MT4 and MT5. Beyond rudimentary sentiment and market data, FXGT’s research is limited. Education at FXGT.com consists of a few ebooks and a scattering of content, and its YouTube Channel has been offline as of the time of our review in November 2023.

What Tier-1 jurisdictions is each broker regulated in?

Tier-1 is reserved for the strictest, most stringent regulatory jurisdictions in the world. Tier-1 regulators impose additional capital requirements and require a tougher initial screening process. unfortunately, neither GKFX nor FXGT.com are Australia (ASIC Authorised), Canada (CIRO Authorised), Hong Kong (SFC Authorised), CBI Authorised (Ireland), Japan (SFC Authorised), Singapore (MAS Authorised), New Zealand (FMA Authorised), Switzerland (FINMA Authorised), United Kingdom (U.K.) (FCA Authorised) and USA (CFTC Authorized).. Neither have USA (CFTC Authorized)

What Tier-2 jurisdictions is each broker regulated in? What about Tier-3?

Tier-2 and tier-3 licenses are still important in evaluating the overall trustworthiness of forex brokers. As far as tier-2 licenses go, GKFX is none, while FXGT.com is Cyprus (CySEC Authorised) and South Africa (FSCA Authorised).. Neither have China (CBRC Authorised), India (SEBI Authorised), Israel (ISA Authorised), Russia (CBR Authorised), Thailand (SEC Authorised) and UAE (DFSA/Central Bank Authorised). When comparing tier-3 licenses GKFX is none, while FXGT.com is Vanuatu (VFSC Authorised).. Neither have Bahamas (SCB Authorised), Belize (FSC Authorised), Bermuda (BMA Authorised), British Virgin Islands (FSC Authorised), Cayman Islands (CIMA Authorised) and Mauritius (FSC Authorised).

Which broker offers more trading platforms?

Whether your broker develops its own proprietary platforms or provides access to popular third-party platforms, you should make sure you can use your preferred type of trading platform. In our testing, we found that both GKFX and FXGT.com offer a Desktop Platform (Windows). Neither have Proprietary Platform, cTrader, DupliTrade and ZuluTrade

Does GKFX offer MetaTrader? Does FXGT.com offer MetaTrader?

Both GKFX and FXGT.com offer the whole MetaTrader suite, which consists of both MetaTrader 4 and MetaTrader 5. If you’re new to MetaTrader 4 here’s our educational guide on how to use MT4.

How do GKFX and FXGT.com differ in terms of minimum deposit? What about average spreads and funding options?

GKFX requires a minimum deposit of $0, while FXGT.com requires a minimum deposit of $5. You'll also want to make sure that your broker accepts the funding options and deposit methods that work best for you. In our testing, we've found that both GKFX and FXGT.com offer Bank Wire (Deposit/Withdraw) and Visa/Mastercard (Credit/Debit) for deposits. Neither have PayPal (Deposit/Withdraw) and Skrill (Deposit/Withdraw)

Which broker offers more tradeable asset classes, GKFX or FXGT.com?

When choosing a broker, it’s important to check the availability of your preferred investment products and asset classes. We’ve tested each broker’s individual offering of investments to help you pick the right broker for what you want to trade. We found that both GKFX and FXGT.com offer Forex Trading (Spot or CFDs), Social Trading / Copy Trading, Metals, Energies and U.S. Stocks (CFD). Neither have Spread Betting, Agriculturals and ETF.

We also keep track of each broker’s total number of tradeable symbols; GKFX offers 354, and FXGT.com offers a total of 117 tradeable symbols.

Can I trade cryptocurrency with GKFX or FXGT.com?

Crypto trading has become popular among forex traders across a range of international jurisdictions. As a result, many forex brokers now offer crypto products to their clients; most crypto assets are offered either as an underlying physical asset (such as when you own actual bitcoin assets, for example) or as a derivative product like a CFD. If you are looking to trade physical cryptocurrencies, you’ll find that neither GKFX nor FXGT.com allow you to trade physical cryptocurrencies.

Who offers more research tools, GKFX or FXGT.com?

Market research plays a huge role in any forex trader’s ability to conduct analysis within the global forex market. We test each broker’s research offering to help you decide which broker is right for your technical or fundamental analysis needs. GKFX delivers the following research tools: Autochartist, Daily Market Commentary, Stock Charts, Trading Central (Recognia) and Social Trading / Copy Trading. FXGT.com, on the other hand, provides the tools listed here: Stock Charts and Social Trading / Copy Trading. Neither have Forex News (Top-Tier Sources)

Broker Reviews

Still looking for more information, read our broker reviews.

GKFX Review

FXGT Review

Overall winner: GKFX

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announcementPlease note:

We review each broker’s overall global offering – a “Yes” checkmark in our Compare Tool does not guarantee the availability of any specific features in your country of residence. To verify the availability of any features within your country of residence, please contact the broker directly.

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