IC Markets vs GKFX, Who's Better?
IC Markets Rating
Losses can exceed deposits
Losses can exceed deposits
IC Markets vs GKFX Guide
Read our In-Depth IC Markets vs GKFX Review - Updated for 2023
This review comparing IC Markets and GKFX has been updated to reflect any changes for 2023 by knowledgeable insiders with considerable expertise across CFDs, Forex, & Social Trading.
Please note that due to regulations for each broker, the content in this comparison of IC Markets vs GKFX does not apply to all countries as follows:
IC Markets Excluded Countries
United States of America, Canada, Israel, New Zealand, Japan, and Iran.
GKFX Excluded Countries
Brazil, Republic of Korea, Iran, Iraq, Syrian Arab Republic, Japan, and United States of America.
Compare IC Markets vs GKFX
Every trading platforms feature a few pros and cons, and any comprehensive review of IC Markets and GKFX cannnot be complete without adopting a balanced approach.
Compare IC Markets and GKFX to understand how they stack up against one another prior to you decide to open an account. Performing a side-by-side comparison helps to put things in perspective in order that you're cognizant of the expectations.
So you are looking for an online trading platform and are choosing between IC Markets or GKFX. Which one is best in 2023?
This IC Markets vs GKFX comparison contains the latest information so you can easily compare GKFX against IC Markets.
If you're a new entrant in the world of trading and brokerages, so many facts will be perplexing for you. Getting into the world of trading demands expert analyzing skills and thorough knowledge. You'll get adept at all of the concepts of brokerage as you keep trading. For starters, you need to select the right broker who will be transparent with you always.
Within this fast-paced universe of stock markets and trading, you will need guidance to make correct decisions. A professionally lead investment plan has the potential to generate hefty returns. IC Markets and GKFX are two such stages which will take you along with your investment to great heights. It's crucial that you compare IC Markets vs GKFX before you trust them with your money.
Our IC Markets vs GKFX comparison will help you judge the effectiveness, price, ease of use and customer support, and whether you can trust IC Markets and GKFX side by side.
Our entire IC Markets vs GKFX Review covers all you will need to know about trading with either IC Markets or GKFX. A good agent can multiply your initial investments and provide you favorable profits. If you want to make profits, you must trade with a brokerage service that contrasts with your investing objectives.
There is no sure-fire way to ensure profits; therefore, you must carefully assess your broker before you select them. It is a common misconception that all agents are the same, but that's not correct. Wrong judgment, in the beginning, can put your investments at risk.
IC Markets and GKFX are both brokers that have found their way successfully to the brokerage world. Within this review, we've tried to collate some of the important aspects of both IC Markets and GKFX. This review can allow you to know whether either GKFX or IC Markets is a good match for your own investments or not. We've tried to breakdown all the features and fees for your advantage.
Benefits of IC Markets and GKFX Compared
IC Markets has a minimum deposit of $200 while GKFX has a $20 minimum deposit.
Why smaller minimum deposits are good and how IC Markets and GKFX compare
The main reason is that you should only deposit what you can afford. If you you have a lower budget, the broker that offers the lowest deposit option will be more attractive. The other reason is because when speculating on riskier but potentially more rewarding financial instruments you should look to speculate with only a small percentage of your allocated trading funds. Don't let a higher minimum deposit totally put you off a broker, look at the overall trading features you are getting from the trading platform. Often a high minimum deposit gives greater choice in the financial assets and trading platform research features.
IC Markets allows you to trade around 232 financial instruments whilst GKFX has around 232 financial instruments on their platform.
The more instruments you can trade on the IC Markets and GKFX platforms the better. It is good to have a diverse portfolio and the options available to a user will always vary. Trading is all about grasping potential opportunities and you should never want to miss out on a trading opportunity due to the limitations of IC Markets or GKFX.
IC Markets and GKFX Contact Details
Being able to contact an online trading platform through many ways is vital. IC Markets and GKFX have the following contact details and social medias that you can use.
|Telephone Number||+248 467 19 76|
|Address||Level 4, 50 Carrington Street, Sydney NSW 2000|
|IC Markets Twitter Account||GKFX Twitter Account|
|IC Markets Facebook Page||GKFX Facebook Page|
|IC Markets Instagram Account||GKFX Instagram Account|
|IC Markets LinkedIn Page||GKFX LinkedIn Page|
|YouTube||IC Markets YouTube Channel||GKFX YouTube Channel|
|Find Out More||
GKFX and IC Markets Mobile App Comparison
It is becoming increasingly important for brokers to offer simple-to-use apps that provide the same services as desktop platforms.
In this part of our comparison of IC Markets and GKFX we'll check whether either of their mobile apps tick all the boxes.
We rate overall the user-friendliness of the apps as better than average.
It is important that any trading app has user friendly capabilities especially with the
Although most brokers do OK in this area, there are some bad apples out there. If you type 'Emerging markets' into the search box, the software will find all Emerging market ETFs, even if the name doesn't begin with 'emerging'. If you only ever traded US stocks and start typing 'Apple', will the AI show you the Apple stock or the obscure Irish stock Applegreen?
IC Markets vs GKFX - Awards
IC Markets have won numerous industry awards over the years they have been running as an online broker. We list the most recognised awards for IC Markets below.
|At the time of writing this GKFX review, and despite GKFX’s impressive offering, the company has surprisingly not garnered any awards to date.|
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IC Markets vs GKFX - Frequently Asked Questions
IC Markets vs GKFX - Headquarters And Year Of Founding
IC Markets was founded in 2007 and has its head office in Australia.
GKFX was founded in 2010 and has its headquaters in UK.
What is the minimum deposit for GKFX or IC Markets
The minimum deposit for IC Markets is $200.
The minimum deposit for GKFX is $20.
Depending on your circumstances, a lower minimum deposit can be beneficial. If you are experienced with forex trading but are looking for a change then both IC Markets and GKFX are a good option.
IC Markets vs GKFX - Regulation And Licencing In More Detail
IC Markets is regulated by Australian Securities and Investment Commission (ASIC), Financial Services Authority (FSA), Cyprus Securities and Exchange Commission (CySEC).
GKFX is regulated by Financial Conduct Authority (FCA).
Both IC Markets and GKFX have a strong collection of rules for ensuring fair trading on their platforms. For information encryption functions, they provide industry-standard secure socket layers (SSL).
In accordance with their own privacy regulations, client data is to not be shared with any other institutions or individuals. This includes credit history and other financial details.
Compare IC Markets vs GKFX Commission And Fees
IC Markets and GKFX are online brokerage platforms, and most online brokerages charge lower prices than traditional brokerages tend to bill. The cause of this is that the companies of online trading platforms are scaled better. In other words, an online broker isn't necessarily influenced by the amount of clients they have.
However, this does not necessarily mean that online brokers do not charge any fees. They charge fees of varying rates for various services to earn money. There are mainly 3 types of penalties for this objective.
The first sort of fees to look out for are trading charges. Whenever you make a genuine trade, like purchasing a stock or an ETF, you are charged trading fees. In these cases, you're spending a spread, financing speed, or a commission. The kinds of trading charges and the rates vary from broker to broker.
Commissions can be fixed or determined by the traded quantity. On the flip side, a spread refers to the difference between the buying and selling cost. Funding or overnight prices are people who are billed when you hold a leveraged position for longer than a day.
Aside from trading charges, online brokers also charge non-trading fees. These are dependent on the activities you undertake in your account. They are charged for operations like depositing cash, not investing for lengthy periods, or withdrawals.
Generally, neither IC Markets or GKFX charge high fees in comparison to other online brokers. For operations other brokers fee for, they do not charge a brokerage fee, or they charge a lesser sum. This is beneficial for people who often trade, for example daily or weekly trading.
But, non-trading fees charged by IC Markets and GKFX are relatively higher. As a result, you're billed more for non-trading actions on your trading accounts, like withdrawal and deposits. These are not related to the purchase and sale of assets.
This IC Markets vs GKFX review for 2023 breaks down every one of the applicable non-trading fees for you in detail.
Compare Broker Fees For IC Markets And GKFX
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What Languages Do IC Markets And GKFX Support?
Being able to communicate completely with your online broker is a key way of comparing trading platforms to find your perfect trading partner. Not only for support but to be sure you completely understand everything on their site and inside their app as it is a key part of success when trading forex.
Here you can find all the languages that both IC Markets and GKFX support.
|Languages Supported||English, Japanese, Chinese, Polish, Afrikans, Danish, Dutch, German and more||English, and Chinese|
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How Many Clients Do IC Markets and GKFX Have?
Both IC Markets and GKFX are well established with their customer base. It is really important to work with a broker that is professional and one of the most simple ways of understanding this is by knowing how many customers they already work with.
Below you will find details of how many customers IC Markets and GKFX are active on their platform
|Clients / Users||60,000+||10,000+|
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What Payment Methods Do IC Markets and GKFX Accept?
IC Markets and GKFX both offer a wide range of payment options which is vital when you have a global customer base.
Below you will find details of all the payment options available at IC Markets and GKFX
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What Can You Trade With IC Markets and GKFX?
IC Markets offers 232 trading instruments whilst GKFX offers 100.
Below you will find a full breakdown of what both IC Markets and GKFX offer.
IC Markets Review
IC Markets vs GKFX:
Table Of Contents
- Compare IC Markets vs GKFX
- Benefits of IC Markets and GKFX Compared
- GKFX and IC Markets Mobile App Comparison
- IC Markets vs GKFX - Awards
- IC Markets vs GKFX - Frequently Asked Questions
- What is the minimum deposit for GKFX or IC Markets
- IC Markets vs GKFX - Regulation And Licencing In More Detail
- Compare Broker Fees For IC Markets And GKFX
- What Languages Do IC Markets And GKFX Support?
- How Many Clients Do IC Markets and GKFX Have?
- What Payment Methods Do IC Markets and GKFX Accept?
- What Can You Trade With IC Markets and GKFX?