ThinkMarkets vs GKFX, for 2022
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ThinkMarkets Rating: 8.03 / 10 |
GKFX Rating: 4.93 / 10 |
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71.89% of retail investor accounts lose money when trading CFDs with this provider. |
Losses can exceed deposits |
ThinkMarkets vs GKFX Guide |
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Read our In-Depth ThinkMarkets vs GKFX Review - for 2022
This ThinkMarkets 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 ThinkMarkets vs GKFX review does not apply to all countries as follows:
ThinkMarkets Excluded Countries
United States of America, Canada, Russian Federation, and Belgium.
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 ThinkMarkets or GKFX. Who is better in 2022?
This ThinkMarkets vs GKFX review contains the latest information so you can easily compare GKFX against ThinkMarkets.
If you are a new entrant in the realm of trading and brokers, so many facts will be perplexing for you. Getting into the area of trading demands expert assessing skills and thorough understanding. You will get adept at all the concepts of broker since you keep trading. For starters, you have to select the ideal broker who will be transparent with you always.
Within this fast-paced world of stock markets and trading, you'll need advice to make proper decisions. A professionally lead investment program has the potential to generate hefty returns. ThinkMarkets and GKFX are just two such trading platforms which will take you along with your investment into great heights. It's crucial to compare ThinkMarkets vs GKFX until you trust them with your cash.
Our ThinkMarkets vs GKFX comparison will help you judge the effectiveness, price, ease of use and customer support, and whether you can trust ThinkMarkets and GKFX side by side.
Our full ThinkMarkets vs GKFX Review covers all you will need to know about trading with either ThinkMarkets or GKFX. A fantastic broker can multiply your initial investments and provide you favorable profits. If you want to make profits, you must trade with a broker service that contrasts with your investing objectives.
There's absolutely no sure-fire way to ensure profits; therefore, you must carefully analyze your broker before you select them. It's a common misconception that all agents will be exactly the same, but that's not true. Wrong judgment, initially, can put your investments at risk.
ThinkMarkets and GKFX are both brokers that have paved their way successfully into the brokerage world. In this review, we've tried to collate a number of the vital facets of both ThinkMarkets and GKFX. This review will help you to know whether either GKFX or ThinkMarkets is a fantastic fit for your own investments or not. We've tried to breakdown all of the features and charges for your advantage.
Compare ThinkMarkets vs GKFX
Every online trading system will have some pros and cons, and no ThinkMarkets and GKFX review would be complete without having a balanced approach. Compare ThinkMarkets and GKFX to understand how they stack up against each other before you make an account. A comparative analysis can put things into perspective so that you are aware of what to expect.
Benefits of ThinkMarkets and GKFX Compared
ThinkMarkets offers a minimum deposit of $0 while GKFX has a $20 minimum deposit.
Why smaller minimum deposits are good and how ThinkMarkets 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.
ThinkMarkets has around 1500 financial instruments while GKFX allows you to trade around 1500 available.
The more financial instruments you can trade on the ThinkMarkets and GKFX trading 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 never want to miss out on a trading opportunity due to the limitations of ThinkMarkets or GKFX.
ThinkMarkets and GKFX Contact Details
Being able to contact your broker through many ways is important. ThinkMarkets and GKFX have the following contact details and social medias that you can use.
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| Broker | ThinkMarkets | GKFX |
| Telephone Number | Australia: +61 3 9093 3400 <br>UK: +44 203 514 2374 <br>Italy: +39 023 057 9033 <br>Spain: +34 911829975 | |
| support@thinkmarkets.com | ||
| Address | Level 18, 357 Collins St, Melbourne, Victoria 3000, Australia <br /><br/>Hana, 4th Floor, 70 St Mary Axe, London EC3A 8BE, United Kingdom | |
| ThinkMarkets Twitter Account | GKFX Twitter Account | |
| ThinkMarkets Facebook Page | GKFX Facebook Page | |
| ThinkMarkets Instagram Account | GKFX Instagram Account | |
| ThinkMarkets LinkedIn Page | GKFX LinkedIn Page | |
| YouTube | ThinkMarkets YouTube Channel | GKFX YouTube Channel |
| Find Out More |
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GKFX and ThinkMarkets Mobile App Comparison
It is becoming increasingly important for brokers to offer simple-to-use apps that provide the same services as desktop platforms.
This part of comparing ThinkMarkets and GKFX will examine whether their mobile app meets all our requirements.
Overall, we rate the user-friendliness of both 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. 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 have only traded US stocks, and you start typing 'Apple', will the software show you either the obscure Irish stock Applegreen or the Apple stock?
ThinkMarkets vs GKFX - Awards
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| Broker | ThinkMarkets | GKFX |
| Awards |
ThinkMarkets have won numerous industry awards over the time they have been running as a financial broker. We list the most notable awards for ThinkMarkets 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. |
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ThinkMarkets vs GKFX - Frequently Asked Questions
ThinkMarkets vs GKFX - Headquarters And Year Of Founding
ThinkMarkets was founded in 2010 and has its headquaters in Australia & United Kingdom.
GKFX was founded in 2010 and has its headquaters in UK.
What is the minimum deposit for GKFX or ThinkMarkets
The minimum deposit for ThinkMarkets is $0.
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 ThinkMarkets and GKFX are a good choice.
ThinkMarkets vs GKFX - Regulation And Licencing In More Detail
ThinkMarkets is regulated by the Japanese Financial Services Agency (JFSA) with license no. 0250, the Cyprus Securities and Exchange Commission (CySEC) with license no. 215/13, the Financial Conduct Authority (FCA 629628) in the UK, the Australian Securities and Investments Commission (ASIC 424700), the Financial Sector Conduct Authority (FSCA) in South Africa and the Financial Services Authority (FSA SD060) Seychelles. TF Global Markets (UK) Limited is authorised and regulated by the Financial Conduct Authority, FRN 629628. TF GLobal Markets (Aust) Limited is the holder of Australian Financial Services Licence number 424700. TF GLobal Markets (South Africa) (Pty) Ltd is an authorised financial services provider (FSP No 49835). TF Global Markets Int Limited is authorised and regulated by the Financial Services Authority, Firm Reference Number SD060 Seychelles .
GKFX is regulated by Financial Conduct Authority (FCA).
Both ThinkMarkets and GKFX have a strong collection of rules for ensuring honest trading on their platforms. For data encryption purposes, they supply industry-standard secure socket layers (SSL).
As per their own privacy regulations, customer data is to not be shared with any other institutions or individuals. Including credit history and other financial details.
Compare ThinkMarkets vs GKFX Commission And Fees
ThinkMarkets and GKFX are online broker platforms, and most online brokerages charge lower prices than traditional brokerages tend to charge. The cause of this is that the companies of online brokerages are scaled better. That is, an online broker isn't necessarily influenced by the amount of customers they have.
However, this doesn't mean that online brokers don't charge any fees. They charge prices of varying rates for various services to make money. There are primarily 3 types of penalties for this purpose.
The first sort of charges to look out for are trading charges. Whenever you make a genuine trade, like buying a stock or an ETF, you are charged trading fees. In these cases, you are paying a spread, financing rate, or even a commission. The kinds of trading fees and the rates differ from broker to broker.
Commissions could be fixed or dependent on the traded volume. On the flip side, a spread refers to the difference between the buying and selling cost. Financing or overnight rates are people who are charged when you maintain a leveraged position for more than daily.
Apart from trading fees, online agents also charge non-trading fees. These are determined by the activities you undertake in your account. They're billed for surgeries like depositing money, not trading for long periods, or withdrawals.
In general, neither ThinkMarkets or GKFX charge high fees in comparison to other online agents. For operations other brokers fee for, they either do not charge a brokerage fee, or they charge a smaller amount. This can be beneficial for those who often exchange, for example daily or weekly trading.
But, non-trading fees billed by ThinkMarkets and GKFX are relatively higher. As a result, you're billed more for non-trading actions on your trading accounts, such as withdrawal and deposits. These aren't related to the purchase and sale of assets.
This ThinkMarkets vs GKFX review for 2022 breaks down each of the relevant non-trading charges for you in detail.
Compare Broker Fees For ThinkMarkets And GKFX
What Languages Do ThinkMarkets And GKFX Support?
Being able to communicate completely with your trading broker is a key element when comparing brokers to find the best trading partner. Not only for support but to be sure you completely understand everything on their site and inside their application as it is a key part of success when trading online.
Below you can find all the languages that both ThinkMarkets and GKFX support.
How Many Clients Do ThinkMarkets and GKFX Have?
Both ThinkMarkets and GKFX are well established with their customer base. It is really 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 are using their services.
Below you will find details of how many users ThinkMarkets and GKFX are working with
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| Broker | ThinkMarkets | GKFX |
| Clients / Users | 475,000+ | 10,000+ |
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What Payment Methods Do ThinkMarkets and GKFX Accept?
ThinkMarkets 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 ThinkMarkets and GKFX
What Can You Trade With ThinkMarkets and GKFX?
ThinkMarkets offers 1500 trading instruments whilst GKFX offers 100.
Below you will find a full breakdown of what both ThinkMarkets and GKFX offer.
Compare ThinkMarkets To All Other Brokers
Compare GKFX To All Other Brokers
