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GKFX vs AxiTrader 2022

ForexBrokers.com

Written by ForexBrokers.com

November 08, 2022

Is GKFX better than AxiTrader? In our analysis of 23 international regulators across 39 of the best forex brokers, GKFX is considered high-risk, with an overall Trust Score of 66 out of 99. AxiTrader is considered average-risk, with an overall Trust Score of 83 out of 99. Learn more about Trust Score.

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Overall RatingGKFXAxiTraderIG
Overall Rating4 Stars4 Stars5 Stars
Commissions & Fees4 Stars4 Stars5 Stars
Offering of Investments3.5 Stars3.5 Stars5 Stars
Platform & Tools4 Stars3.5 Stars5 Stars
Mobile Trading4 Stars3.5 Stars5 Stars
Research4 Stars3 Stars5 Stars
Education3.5 Stars4 Stars5 Stars
Trust Score668399
Winnercheck_circle
ReviewIG Review
RegulationGKFXAxiTraderIG
Trust Score668399
Year Founded201320071974
Publicly Traded (Listed)NoNoYes
BankNoNoYes
Tier-1 Licenses027
Tier-2 Licenses112
Tier-3 Licenses001
Authorised in European UnionYesNoYes
About RegulationA โ€œYesโ€ for any individual regulator indicates that the broker has at least one brand or entity that is licensed and/or authorized by that regulator within its group/organizational structure. Learn more about Trust Score.A โ€œYesโ€ for any individual regulator indicates that the broker has at least one brand or entity that is licensed and/or authorized by that regulator within its group/organizational structure. Learn more about Trust Score.A โ€œYesโ€ for any individual regulator indicates that the broker has at least one brand or entity that is licensed and/or authorized by that regulator within its group/organizational structure. Learn more about Trust Score.
Tier-1 Licenses (High Trust)GKFXAxiTraderIG
ASIC Authorised (Australia)NoYesYes
IIROC Authorised (Canada)NoNoNo
SFC Authorised (Hong Kong)NoNoNo
CBI Authorised (Ireland)NoNoNo
FSA Authorised (Japan)NoNoYes
MAS Authorised (Singapore)NoNoYes
FINMA Authorised (Switzerland)NoNoYes
FCA Authorised (U.K.)NoYesYes
CFTC Registered (USA)NoNoYes
FMA Authorised (New Zealand)NoNoYes
Tier-2 Licenses (Average Trust)GKFXAxiTraderIG
CBRC Authorised (China)NoNoNo
CySEC Authorised (Cyprus)NoNoNo
SEBI Authorised (India)NoNoNo
ISA Authorised (Israel)NoNoNo
CBR Authorised (Russia)NoNoNo
FSCA Authorised (South Africa)NoNoYes
SEC Authorised (Thailand)NoNoNo
DFSA / Central Bank Authorised (UAE)NoYesYes
Tier-3 Licenses (Low Trust)GKFXAxiTraderIG
SCB Authorised (Bahamas)NoNoNo
IFSC Authorised (Belize)NoNoNo
CIMA Authorised (Cayman Islands)NoNoNo
BMA Authorised (Bermuda)NoNoYes
FSC Authorised (British Virgin Islands)NoNoNo
FSC Authorised (Mauritius)NoNoNo
VFSC Authorised (Vanuatu)NoNoNo
InvestmentsGKFXAxiTraderIG
Forex Trading (Spot or CFDs)YesYesYes
Tradeable Symbols (Total)35417519537
Forex Pairs (Total)4765100
U.S. Stock Trading (Non CFD)NoNoYes
Int'l Stock Trading (Non CFD)NoNoYes
Social Trading / Copy TradingYesYesYes
Cryptocurrency (Physical)NoNoNo
Cryptocurrency (CFD)YesYesYes
DisclaimersNote: Crypto CFDs are not available to retail traders from any broker's U.K. entity, nor to U.K. residents (except to Professional clients).Note: Crypto CFDs are not available to retail traders from any broker's U.K. entity, nor to U.K. residents (except to Professional clients).Note: Crypto CFDs are not available to retail traders from any broker's U.K. entity, nor to U.K. residents (except to Professional clients).
CostGKFXAxiTraderIG
Average Spread EUR/USD - StandardN/AN/A0.86 (September 2022)
All-in Cost EUR/USD - ActiveN/AN/A0.5957 (September 2022)
Active Trader or VIP DiscountsNoYesYes
Execution: Agency BrokerNoYesYes
Execution: Market MakerYesYesYes
FundingGKFXAxiTraderIG
Minimum Initial Deposit$00ยฃ250.00
PayPal (Deposit/Withdraw)NoNoYes
Skrill (Deposit/Withdraw)NoYesNo
Visa/Mastercard (Credit/Debit)YesYesYes
Bank Wire (Deposit/Withdraw)YesYesYes
Trading PlatformsGKFXAxiTraderIG
Proprietary PlatformNoNoYes
Desktop Platform (Windows)YesYesYes
Web PlatformYesYesYes
Social Trading / Copy TradingYesYesYes
MetaTrader 4 (MT4)YesYesYes
MetaTrader 5 (MT5)YesNoNo
cTraderNoNoNo
DupliTradeNoNoNo
ZuluTradeNoYesNo
Trading ToolsGKFXAxiTraderIG
Virtual Trading (Demo)YesYesYes
Alerts - Basic FieldsYesYesYes
Watchlists - Total Fields7714
Charting - Indicators / Studies (Total)303033
Charting - Drawing Tools (Total)151520
Charting - Trade From ChartYesYesYes
Charts can be savedYesYesYes
Mobile TradingGKFXAxiTraderIG
Android AppYesYesYes
Apple iOS AppYesYesYes
Mobile Alerts - Basic FieldsYesYesYes
Mobile WatchlistYesYesYes
Watchlist SyncingYesNoYes
Mobile Charting - Indicators / Studies303033
Mobile Charting - Draw TrendlinesYesYesYes
Mobile Charting - Multiple Time FramesYesYesYes
Mobile Charting - Drawings AutosaveYesNoYes
Forex CalendarYesNoYes
ResearchGKFXAxiTraderIG
Daily Market CommentaryYesNoYes
Forex News (Top-Tier Sources)NoYesYes
AutochartistYesYesYes
Trading Central (Recognia)YesNoNo
Social Sentiment - Currency PairsNoYesYes
Economic CalendarYesYesYes
EducationGKFXAxiTraderIG
Has Education - Forex or CFDsYesYesYes
Client WebinarsNoYesYes
Client Webinars (Archived)YesNoYes
Videos - Beginner Trading VideosYesYesYes
Videos - Advanced Trading VideosNoNoYes
Investor Dictionary (Glossary)YesYesYes
Major Forex PairsGKFXAxiTraderIG
GBP/USDYesYesYes
USD/JPYYesYesYes
EUR/USDYesYesYes
USD/CHFYesYesYes
USD/CADYesYesYes
NZD/USDYesYesYes
AUD/USDYesYesYes
ReviewIG Review
OverallGKFXAxiTraderIG
Overall Rating4 Stars4 Stars5 Stars
Commissions & Fees4 Stars4 Stars5 Stars
Offering of Investments3.5 Stars3.5 Stars5 Stars
Platform & Tools4 Stars3.5 Stars5 Stars
Mobile Trading4 Stars3.5 Stars5 Stars
Research4 Stars3 Stars5 Stars
Education3.5 Stars4 Stars5 Stars
Trust Score668399
Winnercheck_circle
ReviewIG Review
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GKFX vs AxiTrader Comparison

Comparing forex brokers side by side is no easy task. For our 2022 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 AxiTrader.

Does GKFX or AxiTrader offer lower pricing?

Comparing the trading costs of forex and CFDs is not easy. Not every broker publishes average spreads data, and pricing structures vary. Based on our thorough annual assessment, IG offers better pricing overall for traders.

Is GKFX or AxiTrader safer for forex and CFDs trading?

At ForexBrokers.com, we track where each forex and CFD broker is regulated across over 23 international regulator databases. Here's our findings. AxiTrader holds 2 global Tier-1 licenses, while GKFX holds 0. Both GKFX and AxiTrader hold 1 global Tier-2 licenses. In our analysis of 23 international regulators across 50 brokers, AxiTrader earned a higher Trust Score than GKFX.

Which trading platform is better: GKFX or AxiTrader?

To compare the trading platforms of both GKFX and AxiTrader, we tested each broker's trading tools, research capabilities, and mobile apps. For trading tools, IG offers a better experience. With research, IG offers superior market research. Finally, we found IG to provide better mobile trading apps.

What about MetaTrader and copy trading?

For forex and CFDs traders, copy trading and MetaTrader are both popular platform options. Both GKFX and AxiTrader offer MetaTrader 4 (MT4).GKFX and AxiTrader both offer copy trading.

How many forex pairs and CFDs are available to trade?

AxiTrader provides traders 65 currency pairs (e.g., EUR/USD) compared to GKFX's 47 available pairs. Forex pairs aside, GKFX offers traders access to 354 CFDs while AxiTrader has 175 available CFDs, a difference of 179.

Can I trust GKFX?

GKFX is not publicly traded, does not operate a bank, and is authorised by zero tier-1 regulators (high trust), one tier-2 regulator (average trust), and zero tier-3 regulators (low trust).

Can I trust AxiTrader?

AxiTrader is not publicly traded and does not operate a bank. AxiTrader is authorised by two tier-1 regulators (high trust), one tier-2 regulators (average trust), and zero tier-3 regulators (low trust). AxiTrader is authorised by the following tier-1 regulators: Australian Securities & Investment Commission (ASIC) and the Financial Conduct Authority (FCA).

Is GKFX good?

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.

Is AxiTrader good?

The Axi brand, formerly known as AxiTrader, is regulated primarily in the U.K., Australia, and the UAE. Axi is a MetaTrader-only broker, with a limited range of available markets.

Overall winner: IG

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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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