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VT Markets vs GKFX 2023

BrokerNotes.co

Written by BrokerNotes.co

March 14, 2023

Trying to decide between VT Markets and GKFX? 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, VT Markets 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.

Select Brokers

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Compare

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Overall RatingVT MarketsGKFX
Overall Rating 7.4 / 10 7.1 / 10
Account TypeVT MarketsGKFX
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 Yes Yes
Copy TradingVT MarketsGKFX
Social Trading / Copy Trading Yes Yes
DupliTrade No No
ZuluTrade Yes No
CryptocurrencyVT MarketsGKFX
Cryptocurrency (Physical) No No
Cryptocurrency (CFD) Yes Yes
Bitcoin Yes Yes
ethereum Yes Yes
Forex Trading (Spot or CFDs)VT MarketsGKFX
Forex Trading (Spot or CFDs) Yes Yes
Mobile Trading - Forex or CFDs Yes Yes
Indices (Index CFDs)VT MarketsGKFX
DAX Yes Yes
Dow Jones Yes Yes
FTSE Yes Yes
NASDAQ 100 Yes Yes
Nikkei Yes Yes
SP 500 Yes Yes
InvestmentsVT MarketsGKFX
Forex Trading (Spot or CFDs) Yes Yes
Spread Betting No No
Social Trading / Copy Trading Yes Yes
Metals Yes Yes
Energies Yes Yes
Agriculturals Yes No
ETF No No
U.S. Stocks (CFD) Yes Yes
Trading PlatformsVT MarketsGKFX
Apple iOS App Yes Yes
Android App Yes Yes
Proprietary Platform No No
Desktop Platform (Windows) Yes Yes
Web Platform Yes Yes
MetaTrader 4 (MT4) Yes Yes
MetaTrader 5 (MT5) Yes Yes
Regulatory LicensesVT MarketsGKFX
Tier-1 Licenses 1 0
Australia (ASIC Authorised) Yes No
Canada (SRO Authorised) No No
United Kingdom (U.K.) (FCA Authorised) No 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, EducationVT MarketsGKFX
Trading Central (Recognia) Yes 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 CostsVT MarketsGKFX
Minimum Deposit $200 $0
Average Spread EUR/USD - Standard 1.2 info N/A info
All-in Cost EUR/USD - Active 0.8 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) No No
Trading ToolsVT MarketsGKFX
Watchlists - Total Fields 7 7
Mobile Watchlist Yes Yes
Charting - Indicators / Studies (Total) 15 30
Mobile Charting - Indicators / Studies 30 30
Trust FactorsVT MarketsGKFX
Year Founded 2016 2013
Publicly Traded (Listed) No No
Bank No No
European Union Authorised (MiFID) No info Yes info
Trust Score 71 66
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VT Markets 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 VT Markets vs GKFX.

Can I trust VT Markets?

VT Markets has a trust score of 71, 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 – 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 66, giving it a "High Risk" trust label.

Is VT Markets a good broker?

VT Markets, backed by the Vantage Group, offers its own proprietary mobile app as well as the MetaTrader platform, along with support for third-party tools and social copy-trading. Though the broker continues to evolve, there are fewer markets to trade than what is available at the best brokers, and its research and educational materials are limited.

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 – 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. VT Markets is Australia (ASIC Authorised), while GKFX is none.. Neither have Canada (SRO 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)

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, unfortunately, neither VT Markets nor GKFX are China (CBRC Authorised), Cyprus (CySEC Authorised), India (SEBI Authorised), Israel (ISA Authorised), Russia (CBR Authorised), South Africa (FSCA Authorised), Thailand (SEC Authorised) and UAE (DFSA/Central Bank Authorised).. Neither have UAE (DFSA/Central Bank Authorised). When comparing tier-3 licenses unfortunately, neither VT Markets 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 VT Markets supports a Desktop Platform (Windows) and ZuluTrade, whereas GKFX supports a Desktop Platform (Windows).. Neither have Proprietary Platform, cTrader and DupliTrade

Does VT Markets offer MetaTrader? Does GKFX offer MetaTrader?

Both VT Markets 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 VT Markets and GKFX differ in terms of minimum deposit? What about average spreads and funding options?

VT Markets requires a minimum deposit of $200, while GKFX requires a minimum deposit of $0. From our testing we found VT Markets offers spreads of 1.2, while GKFX offers spreads of N/A. VT Markets 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 brokers offers more tradeable asset classes, VT Markets or GKFX?

VT Markets offers a more diverse selection of investment options than GKFX allowing you to trade Forex Trading (Spot or CFDs), Social Trading / Copy Trading, Metals, Energies, Agriculturals and U.S. Stocks (CFD).. Neither have Spread Betting and ETF Looking at total tradeable symbols, VT Markets has 168, compared to 354 from GKFX.

Can I trade cryptocurrency with VT Markets 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 VT Markets nor GKFX allow you to trade physical cryptocurrencies.

Who offers more research tools, VT Markets or GKFX?

In terms of research and research tools VT Markets gives traders the following tools: Daily Market Commentary, Stock Charts, Forex News (Top-Tier Sources), Trading Central (Recognia) 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.

Broker Reviews

Still looking for more information, read our broker reviews.

VT Markets Review

GKFX Review

Overall winner: VT Markets

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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.

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