IC Markets vs GKFX, Who's Better?
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IC Markets Rating: 8.34 / 10 |
GKFX Rating: 4.93 / 10 |
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Losses can exceed deposits |
Losses can exceed deposits |
IC Markets vs GKFX Guide |
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Read our In-Depth IC Markets vs GKFX Review - 2022 Update
This IC Markets vs GKFX review has been updated for 2022 by industry experts with years of financial experience in Forex, CFDs, & Social Trading.
Please note that due to regulations for each broker, the content in this IC Markets vs GKFX review 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.
So you are looking for an online trading platform and are choosing between IC Markets or GKFX. Which one is best in 2022?
This IC Markets vs GKFX review contains the latest information so you can easily compare GKFX against IC Markets.
If you are a new entrant in the world of trading and brokerages, so many nuances will be confusing for you. Getting into the area of trading requires expert analyzing skills and thorough knowledge. You will acquire adept at all the concepts of broker since you continue trading. For starters, you need to choose the ideal agent who'll be transparent with you always.
In this fast-paced universe of stock markets and trading, you will need guidance to make proper decisions. A professionally lead investment program has the potential to create hefty returns. IC Markets and GKFX are just two such companies that will take you and your investment to great heights. It is crucial that you compare IC Markets vs GKFX until 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 full IC Markets vs GKFX Review covers everything you need to learn about trading with either IC Markets or GKFX. A fantastic broker can multiply your first investments and provide you positive profits. If you would like to earn profits, you must trade with a broker service that contrasts with your investing objectives.
There's absolutely no sure-fire method to ensure profits; therefore, you should carefully analyze your agent before you select them. It is a frequent misconception that all brokers are the same, but that's not true. Wrong judgment, initially, can put your investments in danger.
IC Markets and GKFX are both brokers which have paved their way successfully to the brokerage world. Within this review, we have tried to collate some of the important aspects of both IC Markets and GKFX. This review will allow you to know whether either GKFX or IC Markets is a good match for your own investments or not. We've attempted to breakdown all of the features and fees for your convenience.
Compare IC Markets vs GKFX
Every online trading system has a few pros and cons, and no IC Markets and GKFX review would be complete without showing both sides. Compare IC Markets and GKFX to understand how they line up against each other before you create an account. A comparative analysis can put things into perspective so that you are aware of what to expect.
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 allows you to trade 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 a broker easily is vital. IC Markets and GKFX have the following contact details and social medias that you can use.
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| Broker | IC Markets | GKFX |
| Telephone Number | +248 467 19 76 | |
| support@icmarkets.com | ||
| 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 |
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GKFX and IC Markets Mobile App Comparison
As more and more traders and investors use their smartphones for trading, it is increasingly important that brokers offer easy-to-use apps that can deliver the same services as desktop platforms.
This part of comparing IC Markets and GKFX will examine whether their mobile app meets all our requirements.
Overall, we rate the user-friendliness of the apps as Better than the average.
It is crucial that trading apps have user-friendly capabilities, especially for those who use it with their smartphones.
Search Functions
Although most brokers do OK in this area, there are some bad apples out there. For example, if you start typing 'Emerging markets', will the software find all the Emerging markets ETFs for you, even if their name doesn't start 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
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| Broker | IC Markets | GKFX |
| Awards |
IC Markets have won many industry awards over the years they have been running as an online trading platform. We detail the most notable awards for IC Markets here.
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At the time of writing this GKFX review, and despite GKFX’s impressive offering, the company has surprisingly not garnered any awards to date. |
| Find Out More |
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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 head office 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 needs, 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 choice.
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 honest trading onto their platforms. For data encryption functions, they supply industry-standard secure socket layers (SSL).
In accordance with their individual privacy regulations, customer data is to not be shared with any other institutions or individuals. Including credit history and other financial information.
Compare IC Markets vs GKFX Commission And Fees
IC Markets and GKFX are online brokerage platforms, and many online brokerages charge lower prices than traditional brokerages tend to charge. The cause of this is that the businesses of online trading platforms are scaled much better. In other words, an online broker isn't necessarily influenced by the amount of clients they have.
But this does not mean that online brokers do not charge any fees. They charge prices of varying rates for various services to make money. There are primarily three different types of penalties for this objective.
The first sort of charges to look out for are trading fees. Whenever you make an actual trade, like purchasing a stock or an ETF, you are charged trading fees. In these instances, you're spending a spread, financing rate, or even a commission. The sorts of trading charges and the rates differ from broker to broker.
Commissions could be fixed or dependent on the traded volume. On the other hand, a spread refers to the gap between the buying and selling cost. Funding or overnight prices are people that are billed when you hold a leveraged position for longer than a day.
Aside from trading fees, online agents also charge non-trading fees. These are determined by the actions you undertake in your accounts. They're charged for surgeries like depositing money, not trading for lengthy periods, or withdrawals.
In general, neither IC Markets or GKFX charge high fees compared to other online brokers. For operations other brokers fee for, they either do not charge a brokerage fee, or they charge a lesser sum. This is beneficial for people who regularly trade, for example daily or weekly trading.
But, non-trading fees charged by IC Markets and GKFX are comparatively competitive. Consequently, you are charged more for non-trading activities in your trading accounts, such as deposits and withdrawal. These aren't about the purchase and sale of assets.
This IC Markets vs GKFX review for 2022 breaks down every one of the relevant non-trading fees for you in detail.
Compare Broker Fees For IC Markets And GKFX
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| Broker | IC Markets | GKFX |
| Minimum Deposit | $200 | $20 |
| Withdrawal Fees | No | Yes |
| Inactivity Fees | No | Yes |
| Deposit Fees | Yes | Yes |
| CFD Fees | Yes | Yes |
| Find Out More |
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What Languages Do IC Markets And GKFX Support?
Being able to chat completely with your trading platform is a key part of comparing trading platforms to find your perfect broker. Not only for support but to ensure you understand everything on their website and inside their application as it is a key factor to success when trading online.
Here you will find all the languages that both IC Markets and GKFX support.
How Many Clients Do IC Markets and GKFX Have?
Both IC Markets and GKFX are well established with their client base. It is important to work with an online broker that is professional and one of the most simple ways of establishing 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 working with
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| Broker | IC Markets | GKFX |
| Clients / Users | 60,000+ | 10,000+ |
| Find Out More |
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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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| Broker | IC Markets | GKFX |
| Bank Transfers | Yes | Yes |
| Credit Cards | Yes | Yes |
| PayPal | Yes | No |
| Skrill | Yes | No |
| Payoneer | No | Yes |
| Neteller | Yes | No |
| Find Out More |
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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.
Compare IC Markets To All Other Brokers
Compare GKFX To All Other Brokers
