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Plus500 vs GKFX 2023

ForexBrokers.com

Written by ForexBrokers.com

December 27, 2022

Is Plus500 better than GKFX? In our analysis of 23 international regulators across 62 of the best forex brokers, Plus500 is considered low-risk, with an overall trust score of 98 out of 99. GKFX is considered high-risk, with an overall Trust Score of 66 out of 99. Learn more about Trust Score.

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Overall RatingPlus500GKFX
Overall Rating 4.5/5 Stars 4/5 Stars
Commissions & Fees 4.5/5 Stars 4/5 Stars
Offering of Investments 4/5 Stars 3.5/5 Stars
Platform & Tools 4.5/5 Stars 4/5 Stars
Mobile Trading 4.5/5 Stars 4/5 Stars
Research 4/5 Stars 4/5 Stars
Education 3.5/5 Stars 3.5/5 Stars
Trust Score 98 66
Winner check_circle
Review Plus500 Review
RegulationPlus500GKFX
Trust Score 98 66
Year Founded 2008 2013
Publicly Traded (Listed) Yes No
Bank No No
Authorised in European Union Yes info Yes info
Tier-1 Licenses 4 0
Tier-2 Licenses 4 1
Tier-3 Licenses 0 0
Tier-1 Licenses (High Trust)Plus500GKFX
ASIC Authorised (Australia) Yes No
IIROC Authorised (Canada) No No
SFC Authorised (Hong Kong) No No
CBI Authorised (Ireland) No No
FSA Authorised (Japan) Yes No
MAS Authorised (Singapore) Yes No
FINMA Authorised (Switzerland) No No
FCA Authorised (U.K.) Yes No
CFTC Registered (USA) No No
FMA Authorised (New Zealand) Yes No
Tier-2 Licenses (Average Trust)Plus500GKFX
CBRC Authorised (China) No No
CySEC Authorised (Cyprus) Yes No
SEBI Authorised (India) No No
ISA Authorised (Israel) Yes No
CBR Authorised (Russia) No No
FSCA Authorised (South Africa) Yes No
SEC Authorised (Thailand) No No
DFSA / Central Bank Authorised (UAE) Yes No
Tier-3 Licenses (Low Trust)Plus500GKFX
SCB Authorised (Bahamas) No No
IFSC Authorised (Belize) No No
CIMA Authorised (Cayman Islands) No No
BMA Authorised (Bermuda) No No
FSC Authorised (British Virgin Islands) No No
FSC Authorised (Mauritius) No No
VFSC Authorised (Vanuatu) No No
InvestmentsPlus500GKFX
Forex Trading (Spot or CFDs) Yes Yes
Tradeable Symbols (Total) 2800 354
Forex Pairs (Total) 65 47
U.S. Stock Trading (Non CFD) Yes No
Int'l Stock Trading (Non CFD) Yes No
Social Trading / Copy Trading No Yes
Cryptocurrency (Physical) No No
Cryptocurrency (CFD) Yes Yes
Disclaimers 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). Non-CFD share trading at Plus500 is only available through the Plus500 Invest account. 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).
CostPlus500GKFX
Average Spread EUR/USD - Standard 0.8 N/A info
All-in Cost EUR/USD - Active N/A N/A info
Active Trader or VIP Discounts No No
Execution: Agency Broker No No
Execution: Market Maker Yes Yes
FundingPlus500GKFX
Minimum Deposit €100 $0
PayPal (Deposit/Withdraw) Yes No
Skrill (Deposit/Withdraw) No No
Visa/Mastercard (Credit/Debit) Yes Yes
Bank Wire (Deposit/Withdraw) Yes Yes
Trading PlatformsPlus500GKFX
Proprietary Platform Yes No
Desktop Platform (Windows) No Yes
Web Platform Yes Yes
Social Trading / Copy Trading No Yes
MetaTrader 4 (MT4) No Yes
MetaTrader 5 (MT5) No Yes
cTrader No No
DupliTrade No No
ZuluTrade No No
Trading ToolsPlus500GKFX
Virtual Trading (Demo) Yes Yes
Alerts - Basic Fields Yes Yes
Watchlists - Total Fields 9 7
Charting - Indicators / Studies (Total) 110 30
Charting - Drawing Tools (Total) 21 15
Charting - Trade From Chart No Yes
Charts can be saved Yes Yes
Mobile TradingPlus500GKFX
Android App Yes Yes
Apple iOS App Yes Yes
Mobile Alerts - Basic Fields Yes Yes
Mobile Watchlist Yes Yes
Watchlist Syncing Yes Yes
Mobile Charting - Indicators / Studies 110 30
Mobile Charting - Draw Trendlines Yes Yes
Mobile Charting - Multiple Time Frames Yes Yes
Mobile Charting - Drawings Autosave No Yes
Forex Calendar Yes Yes
ResearchPlus500GKFX
Daily Market Commentary Yes Yes
Forex News (Top-Tier Sources) No No
Autochartist No Yes
Trading Central (Recognia) Yes Yes
Social Sentiment - Currency Pairs Yes No
Economic Calendar Yes Yes
EducationPlus500GKFX
Has Education - Forex or CFDs Yes Yes
Client Webinars Yes No
Client Webinars (Archived) Yes Yes
Videos - Beginner Trading Videos Yes Yes
Videos - Advanced Trading Videos Yes No
Investor Dictionary (Glossary) No Yes
Major Forex PairsPlus500GKFX
GBP/USD Yes Yes
USD/JPY Yes Yes
EUR/USD Yes Yes
USD/CHF Yes Yes
USD/CAD Yes Yes
NZD/USD Yes Yes
AUD/USD Yes Yes
Review Plus500 Review
OverallPlus500GKFX
Overall Rating 4.5/5 Stars 4/5 Stars
Commissions & Fees 4.5/5 Stars 4/5 Stars
Offering of Investments 4/5 Stars 3.5/5 Stars
Platform & Tools 4.5/5 Stars 4/5 Stars
Mobile Trading 4.5/5 Stars 4/5 Stars
Research 4/5 Stars 4/5 Stars
Education 3.5/5 Stars 3.5/5 Stars
Trust Score 98 66
Winner check_circle
Review Plus500 Review
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Plus500 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 62 forex and CFD brokerages to find the best forex broker. Let's compare Plus500 vs GKFX.

Does Plus500 or GKFX 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, Plus500 offers better pricing overall for traders.

Is Plus500 or GKFX 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. Plus500 holds 4 global Tier-1 licenses, while GKFX holds 0. Plus500 holds 4 global Tier-2 licenses, while GKFX holds 1. In our analysis of 23 international regulators across 50 brokers, Plus500 earned a higher Trust Score than GKFX.

Which trading platform is better: Plus500 or GKFX?

To compare the trading platforms of both Plus500 and GKFX, we tested each broker's trading tools, research capabilities, and mobile apps. For trading tools, Plus500 offers a better experience. With research, GKFX offers superior market research. Finally, we found Plus500 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. Neither broker offers Meta Trader.Copy trading is not offered by either broker.

How many forex pairs and CFDs are available to trade?

Plus500 provides traders 65 currency pairs (e.g., EUR/USD) compared to GKFX's 47 available pairs. Forex pairs aside, Plus500 offers traders access to 2800 CFDs while GKFX has 354 available CFDs, a difference of 2446.

Can I trust Plus500?

Plus500 is publicly traded and does not operate a bank. Plus500 is authorised by five tier-1 regulators (high trust), three tier-2 regulators (average trust), and zero tier-3 regulators (low trust). Plus500 is authorised by the following tier-1 regulators: Financial Conduct Authority (FCA), Australian Securities & Investment Commission (ASIC), and the Monetary Authority of Singapore (MAS).

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).

Is Plus500 good?

Plus500 is a trusted global brand that offers an easy-to-use trading platform for online traders, alongside access to a thorough selection of CFDs. Share trading is available, but only via its Plus500 Invest product offering.

Is GKFX good?

GKFX is a MetaTrader-only broker that is only licensed in the EU, via its MFSA-regulated Malta entity, which is why it's Trust Score is lower than other brokers that hold multiple licenses in top-tier regulatory hubs. Otherwise, GKFX does offer competitive pricing on its Prime Plus account, if you can afford the $15,000 deposit.

Overall winner: Plus500

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announcementPlease note:

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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