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GKFX vs Vestle 2023

BrokerNotes.co

Written by BrokerNotes.co

August 24, 2023

Trying to decide between GKFX and Vestle? 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, GKFX ranks more highly than Vestle.

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Compare

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Overall Rating GKFX Vestle
Overall Rating 7.1 / 10 7.1 / 10
Account Type GKFX Vestle
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 Yes
Copy Trading GKFX Vestle
Social Trading / Copy Trading info Yes No
DupliTrade info No No
ZuluTrade info No No
Cryptocurrency GKFX Vestle
Cryptocurrency (Physical) info No No
Cryptocurrency (Derivative) info Yes Yes
Bitcoin info Yes Yes
ethereum info Yes Yes
Forex Trading (Spot or CFDs) GKFX Vestle
Forex Trading (Spot or CFDs) info Yes Yes
Mobile Trading - Forex or CFDs info Yes Yes
Indices (Index CFDs) GKFX Vestle
DAX info Yes Yes
Dow Jones info Yes Yes
FTSE info Yes Yes
NASDAQ 100 info Yes Yes
Nikkei info Yes Yes
SP 500 info Yes Yes
Investments GKFX Vestle
Forex Trading (Spot or CFDs) info Yes Yes
Spread Betting info No No
Social Trading / Copy Trading info Yes No
Metals info Yes Yes
Energies info Yes Yes
Agriculturals info No Yes
ETF info No Yes
U.S. Stocks (CFD) info Yes Yes
Trading Platforms GKFX Vestle
Apple iOS App info Yes Yes
Android App info Yes Yes
Proprietary Platform info No Yes
Desktop Platform (Windows) info Yes No
Web Platform info Yes Yes
MetaTrader 4 (MT4) info Yes No
MetaTrader 5 (MT5) info Yes No
Regulatory Licenses GKFX Vestle
Tier-1 Licenses info 1 2
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 Yes
USA (CFTC Authorized) info No No
New Zealand (FMA Authorised) info No No
European Union Authorised (MiFID) info Yes info Yes info
Tier-2 Licenses info 0 0
Tier-3 Licenses info 0 0
Research, Education GKFX Vestle
Trading Central (Recognia) info Yes Yes
Forex News (Top-Tier Sources) info No No
Daily Market Commentary info Yes Yes
Autochartist info Yes No
Investor Dictionary (Glossary) info Yes No
Videos - Beginner Trading Videos info Yes Yes
Client Webinars (Archived) info Yes No
Trading Costs GKFX Vestle
Minimum Deposit info $0 -1
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 Yes
Trading Tools GKFX Vestle
Watchlists - Total Fields info 7 9
Mobile Watchlist info Yes No
Charting - Indicators / Studies (Total) info 30 57
Mobile Charting - Indicators / Studies info 30 N/A
Trust Factors GKFX Vestle
Year Founded info 2013 1996
Publicly Traded (Listed) info No No
Bank info No No
European Union Authorised (MiFID) info Yes info Yes info
Trust Score info 65 78
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GKFX vs Vestle 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 GKFX vs Vestle.

Can I trust GKFX?

GKFX has a trust score of 65, giving it a "High 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 Vestle?

Vestle has a trust score of 78, giving it a "Average Risk" trust 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 Vestle a good broker?

Vestle, previously known as iForex, offers a proprietary trading platform as well as a growing selection of nearly 750 symbols. However, MetaTrader is not available at Vestle, and traders aren't able to open a demo account.

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. GKFX is none, while Vestle is United Kingdom (U.K.) (FCA Authorised).. Neither have 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) 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, GKFX is none, while Vestle is Cyprus (CySEC Authorised).. 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 GKFX is none, while Vestle is British Virgin Islands (FSC Authorised).. Neither have Bahamas (SCB Authorised), Belize (FSC Authorised), Bermuda (BMA Authorised), Cayman Islands (CIMA Authorised), Mauritius (FSC Authorised) and Vanuatu (VFSC Authorised).

Which broker offers more trading platforms?

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

Does GKFX offer MetaTrader? Does Vestle offer MetaTrader?

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

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

GKFX requires a minimum deposit of $0, while Vestle requires a minimum deposit of -1. From our testing we found GKFX offers spreads of N/A, while Vestle offers spreads of N/A. GKFX supports Bank Wire (Deposit/Withdraw) and Visa/Mastercard (Credit/Debit) for popular funding options, where Vestle supports Bank Wire (Deposit/Withdraw), Visa/Mastercard (Credit/Debit), PayPal (Deposit/Withdraw) and Skrill (Deposit/Withdraw).

Which broker offers more tradeable asset classes, GKFX or Vestle?

GKFX offers a more diverse selection of investment options than Vestle allowing you to trade Forex Trading (Spot or CFDs), Social Trading / Copy Trading, Metals, Energies and U.S. Stocks (CFD).. Neither have Spread Betting Looking at total tradeable symbols, GKFX has 354, compared to 750 from Vestle.

Can I trade cryptocurrency with GKFX or Vestle?

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 GKFX nor Vestle allow you to trade physical cryptocurrencies.

Who offers more research tools, GKFX or Vestle?

In terms of research and research tools GKFX gives traders the following tools: Autochartist, Daily Market Commentary, Stock Charts, Trading Central (Recognia) and Social Trading / Copy Trading. In comparison Vestle has the tools listed here: Daily Market Commentary, Stock Charts and Trading Central (Recognia).. Neither have Forex News (Top-Tier Sources)

Broker Reviews

Still looking for more information, read our broker reviews.

GKFX Review

Vestle Review

Overall winner: GKFX

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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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