ThinkMarkets vs GKFX Comparison
Comparing forex brokers side by side is no easy task. For our 2023 annual forex broker review, we spent hundreds of hours assessing 39 forex and CFD brokerages to find the best forex broker. Let's compare ThinkMarkets vs GKFX.
Can I trust ThinkMarkets?
ThinkMarkets has a trust score of 88, giving it a "Trusted" trust label. Here's what each trust score label means:
- "Highly Trusted" (90-99) - These brokers are considered the most trustworthy firms in the industry. Simply put, we would not hesitate to open and fund an account with a Highly Trusted broker.
- "Trusted" (80-89) - These brokers are reliable and trustworthy. "Trusted" firms are a solid choice, and may simply hold fewer regulatory licences or feature different corporate structures than those brokers that have earned our top Trust Score rating.
- "Average Risk" (70-79) - Average Risk brokers are firms we generally consider to be safe, but that may warrant a closer inspection before you open and fund a live trading account. At the least, we always encourage traders to check the regulatory licenses for Average Risk firms to verify that they are regulated in their own country of residence.
- "High Risk" (60-69) - High-risk firms should be scrutinized and carefully reviewed before opening an account. These forex brokers are – in most cases – operating without credible regulatory licensing, and likely have a history of legal or financial issues. Before considering an account with a high-risk firm, we recommend checking our country guides for your country of residence to see if a more trusted broker is available.
- "Do Not Trust" (<59) - We do not recommend opening an account of any kind with a broker that earns a “Do Not Trust” rating.
Can I trust GKFX?
GKFX has a trust score of 65, giving it a "High Risk" trust label.
Is ThinkMarkets a good broker?
Founded in 2010, ThinkMarkets is a trusted broker that holds multiple Tier-1 regulatory licenses, boosting its overall Trust Score rating. ThinkMarkets offers the full MetaTrader platform suite (both MT4 and MT5) as well as its proprietary ThinkTrader platform. Traders at ThinkMarkets also gain access to trading signals via its Signals Centre and social copy trading (in certain jurisdictions). ThinkMarkets has a growing number of available markets, research materials, and educational content, yet still has room to improve in these important categories.
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.
What Tier-1 jurisdictions is each broker regulated in?
Tier-1 regulators go above and beyond by requiring additional capital requirements, checking in on brokers more frequently, and putting brokers through a tougher screening process. ThinkMarkets is Australia (ASIC Authorised), Japan (SFC Authorised), New Zealand (FMA Authorised) and United Kingdom (U.K.) (FCA Authorised), while GKFX is none.. Neither have Canada (CIRO Authorised), Hong Kong (SFC Authorised), CBI Authorised (Ireland), Singapore (MAS Authorised), Switzerland (FINMA Authorised) and 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, ThinkMarkets is Cyprus (CySEC Authorised) and South Africa (FSCA Authorised), while GKFX is none.. 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 ThinkMarkets is Cayman Islands (CIMA Authorised) and Mauritius (FSC Authorised), while GKFX is none.. Neither have Bahamas (SCB Authorised), Belize (FSC Authorised), Bermuda (BMA Authorised), British Virgin Islands (FSC Authorised) and Vanuatu (VFSC Authorised).
Which broker offers more trading platforms?
For trading platforms ThinkMarkets supports a Proprietary Platform and Desktop Platform (Windows), whereas GKFX supports a Desktop Platform (Windows).. Neither have cTrader, DupliTrade and ZuluTrade
Does ThinkMarkets offer MetaTrader? Does GKFX offer MetaTrader?
Both ThinkMarkets and GKFX 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 ThinkMarkets and GKFX differ in terms of minimum deposit? What about average spreads and funding options?
ThinkMarkets requires a minimum deposit of $0, while GKFX requires a minimum deposit of $0. From our testing we found ThinkMarkets offers spreads of N/A, while GKFX offers spreads of N/A. ThinkMarkets supports Bank Wire (Deposit/Withdraw), Visa/Mastercard (Credit/Debit) and Skrill (Deposit/Withdraw) for popular funding options, where GKFX supports Bank Wire (Deposit/Withdraw) and Visa/Mastercard (Credit/Debit).. Neither have PayPal (Deposit/Withdraw)
Which broker offers more tradeable asset classes, ThinkMarkets or GKFX?
ThinkMarkets offers a more diverse selection of investment options than GKFX allowing you to trade Forex Trading (Spot or CFDs), Spread Betting, Social Trading / Copy Trading, Metals, Energies and U.S. Stocks (CFD).. Neither have Agriculturals and ETF Looking at total tradeable symbols, ThinkMarkets has 4000, compared to 354 from GKFX.
Can I trade cryptocurrency with ThinkMarkets or GKFX?
Crypto trading is popular with forex traders. Most crypto assets are offered either as the underlying physical asset or as a CFD or other derivative — including spot forex contracts. In terms of trading physical cryptocurrency neither ThinkMarkets nor GKFX allow you to trade physical cryptocurrencies.
Who offers more research tools, ThinkMarkets or GKFX?
In terms of research and research tools ThinkMarkets gives traders the following tools: Daily Market Commentary, Stock Charts, Forex News (Top-Tier Sources) and Social Trading / Copy Trading. In comparison GKFX has the tools listed here: Autochartist, Daily Market Commentary, Stock Charts, Trading Central (Recognia) and Social Trading / Copy Trading.
Overall winner: ThinkMarkets
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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.