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Trading 212 vs GKFX 2023

BrokerNotes.co

Written by BrokerNotes.co

March 14, 2023

Trying to decide between Trading 212 and GKFX? Weโ€™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, Trading 212 ranks more highly than GKFX.

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 65% and 82% of retail investor accounts lose money when trading CFDs. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

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Compare

0 of 5
Overall RatingTrading 212GKFX
Overall Rating 7.6 / 10 7.1 / 10
Account TypeTrading 212GKFX
Standard Trade Size (100,000 units) Yes Yes
Mini Trade Size (10,000 units) Yes Yes
Micro Trade Size (1,000 units) Yes Yes
Islamic Account No Yes
Copy TradingTrading 212GKFX
Social Trading / Copy Trading No Yes
DupliTrade No No
ZuluTrade No No
CryptocurrencyTrading 212GKFX
Cryptocurrency (Physical) No No
Cryptocurrency (CFD) No Yes
Bitcoin No Yes
ethereum No Yes
Forex Trading (Spot or CFDs)Trading 212GKFX
Forex Trading (Spot or CFDs) Yes Yes
Mobile Trading - Forex or CFDs Yes Yes
Indices (Index CFDs)Trading 212GKFX
DAX Yes Yes
Dow Jones Yes Yes
FTSE Yes Yes
NASDAQ 100 Yes Yes
Nikkei Yes Yes
SP 500 Yes Yes
InvestmentsTrading 212GKFX
Forex Trading (Spot or CFDs) Yes Yes
Spread Betting No No
Social Trading / Copy Trading No Yes
Metals Yes Yes
Energies Yes Yes
Agriculturals Yes No
ETF Yes No
U.S. Stocks (CFD) Yes Yes
Trading PlatformsTrading 212GKFX
Apple iOS App Yes Yes
Android App Yes Yes
Proprietary Platform Yes No
Desktop Platform (Windows) No Yes
Web Platform Yes Yes
MetaTrader 4 (MT4) No Yes
MetaTrader 5 (MT5) No Yes
Regulatory LicensesTrading 212GKFX
Tier-1 Licenses 1 0
Australia (ASIC Authorised) No No
Canada (SRO Authorised) No No
United Kingdom (U.K.) (FCA Authorised) Yes No
Hong Kong (SFC Authorised) No No
Singapore (MAS Authorised) No No
Switzerland (FINMA Authorised) No No
USA (CFTC Authorized) No No
Tier-2 Licenses 1 1
Tier-3 Licenses 0 0
Research, EducationTrading 212GKFX
Trading Central (Recognia) No Yes
Forex News (Top-Tier Sources) Yes No
Daily Market Commentary Yes Yes
Autochartist No Yes
Investor Dictionary (Glossary) Yes Yes
Videos - Beginner Trading Videos Yes Yes
Client Webinars (Archived) No Yes
Trading CostsTrading 212GKFX
Minimum Deposit EUR 10 $0
Average Spread EUR/USD - Standard N/A info N/A info
All-in Cost EUR/USD - Active N/A info N/A info
Active Trader or VIP Discounts No No
Bank Wire (Deposit/Withdraw) Yes Yes
Visa/Mastercard (Credit/Debit) Yes Yes
PayPal (Deposit/Withdraw) Yes No
Trading ToolsTrading 212GKFX
Watchlists - Total Fields 5 7
Mobile Watchlist Yes Yes
Charting - Indicators / Studies (Total) 45 30
Mobile Charting - Indicators / Studies 45 30
Trust FactorsTrading 212GKFX
Year Founded 2004 2013
Publicly Traded (Listed) No No
Bank No No
European Union Authorised (MiFID) Yes info Yes info
Trust Score 77 66
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Trading 212 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 Trading 212 vs GKFX.

Can I trust Trading 212?

Trading 212 has a trust score of 77, giving it a "Average Risk" 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 โ€“ in most cases โ€“ 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 โ€œDo Not Trustโ€ rating.

Can I trust GKFX?

GKFX has a trust score of 66, giving it a "High Risk" trust label.

Is Trading 212 a good broker?

Trading 212's innovative app for web and mobile is great for beginners and less demanding traders who are looking to trade CFDs or invest in shares. That said, Trading 212's lack of advanced features and trading tools may leave experienced forex traders wanting more.

Is GKFX a good broker?

GKFX offers the full MetaTrader suite as well as a proprietary app. Spreads are competitive on GKFX's Prime Plus account โ€“ though it requires a $15,000 deposit. GKFX is regulated in the EU via its Malta-based entity, but with only the one regulatory license, its Trust Score is 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. Trading 212 is United Kingdom (U.K.) (FCA Authorised), while GKFX is none.. Neither have Australia (ASIC Authorised), Canada (SRO Authorised), Hong Kong (SFC Authorised), CBI Authorised (Ireland), Japan (SFC Authorised), Singapore (MAS Authorised), New Zealand (FMA 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, Trading 212 is Cyprus (CySEC Authorised), while GKFX is none.. Neither have China (CBRC Authorised), India (SEBI Authorised), Israel (ISA Authorised), Russia (CBR Authorised), South Africa (FSCA Authorised), Thailand (SEC Authorised) and UAE (DFSA/Central Bank Authorised). When comparing tier-3 licenses unfortunately, neither Trading 212 nor GKFX are Bahamas (SCB Authorised), Belize (FSC Authorised), Bermuda (BMA Authorised), British Virgin Islands (FSC Authorised), Cayman Islands (CIMA Authorised), Mauritius (FSC Authorised) and Vanuatu (VFSC Authorised).. Neither have Vanuatu (VFSC Authorised).

Which broker offers more trading platforms?

For trading platforms Trading 212 supports a Proprietary Platform, whereas GKFX supports a Desktop Platform (Windows).. Neither have cTrader, DupliTrade and ZuluTrade

Does Trading 212 offer MetaTrader? Does GKFX offer MetaTrader?

For MetaTrader Trading 212 provides neither of these, while GKFX provides MetaTrader 4 (MT4) and MetaTrader 5 (MT5). If MetaTrader is a must for you, read our guides on the best MT4 brokers or best MT5 brokers.

How do Trading 212 and GKFX differ in terms of minimum deposit? What about average spreads and funding options?

Trading 212 requires a minimum deposit of EUR 10, while GKFX requires a minimum deposit of $0. From our testing we found Trading 212 offers spreads of N/A, while GKFX offers spreads of N/A. Trading 212 supports Bank Wire (Deposit/Withdraw), Visa/Mastercard (Credit/Debit), PayPal (Deposit/Withdraw) and Skrill (Deposit/Withdraw) for popular funding options, where GKFX supports Bank Wire (Deposit/Withdraw) and Visa/Mastercard (Credit/Debit).

Which brokers offers more tradeable asset classes, Trading 212 or GKFX?

Trading 212 offers a more diverse selection of investment options than GKFX allowing you to trade Forex Trading (Spot or CFDs), Metals, Energies, Agriculturals, ETF and U.S. Stocks (CFD).. Neither have Spread Betting Looking at total tradeable symbols, Trading 212 has 1785, compared to 354 from GKFX.

Can I trade cryptocurrency with Trading 212 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 โ€” including spot forex contracts. In terms of trading physical cryptocurrency neither Trading 212 nor GKFX allow you to trade physical cryptocurrencies.

Who offers more research tools, Trading 212 or GKFX?

In terms of research and research tools Trading 212 gives traders the following tools: Daily Market Commentary, Stock Charts and Forex News (Top-Tier Sources). In comparison GKFX has the tools listed here: Autochartist, Daily Market Commentary, Stock Charts, Trading Central (Recognia) and Social Trading / Copy Trading.

Broker Reviews

Still looking for more information, read our broker reviews.

Trading 212 Review

GKFX Review

Overall winner: Trading 212

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announcementPlease note:

We review each brokerโ€™s overall global offering โ€“ a โ€œYesโ€ 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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