GKFX vs JFD Bank

GKFX vs JFD Bank Comparison Table 2024
GKFX JFD Bank
2.5
2.3
United States Flag Traders from US not accepted
United States Flag Traders from US not accepted

GKFX is an online forex and CFD broker founded in 2013. Based in Malta, the firm operates in multiple locations around the world, namely the Middle East and Asia. Traders can access over 150 markets on the MetaTrader 4 (MT4) platform, with leverage up to 1:30. GKFX is regulated by the Malta Financial Services Authority (MFSA).

JFD Bank is a one-stop multi-asset broker that offers trading on 1500+ instruments from 8 asset classes using the popular MetaTrader 4 and MetaTrader 5 and lesser-known Guidants trading platforms. With more than 60 forex pairs and 400 shares as well as indices, ETFs, commodities and cryptocurrencies, this broker provides the flexibility to build a diverse portfolio.

Comment by Reviewer
"After thoroughly testing the Standard account, I’m happy to recommend GKFX to beginners or intermediate traders looking to trade exclusively on the MT4 platform. The €100 minimum deposit should be accessible for most traders and there’s a good range of additional tools for experienced analytical traders." "JFD Bank will suit traders familiar with the MetaTrader platforms looking to speculate on a wide range of instruments, especially stocks."
Pros
  • I found GKFX’s trading conditions were relatively competitive compared to other brands. Minimum spreads are low, starting from 0.6 pips for EUR/USD, plus there are zero commissions in the Standard account
  • I was pleased to see some excellent additional tools on offer alongside the MT4 platform, including Trading Central analysis and Autochartist. There’s also a VPS service for experienced traders
  • There’s a decent range of payment methods available, from bank wire to e-wallets like Neteller and Skrill. Most methods are also processed instantly
  • I feel reassured that GKFX is regulated in the EU by the MFSA and is also fully compliant with ESMA regulations
  • Powerful MetaTrader software will meet the needs of experienced traders
  • Excellent range of products with 1500+ assets
  • Regulated by the CySEC in Europe
  • Free demo account for new users
  • Commission-free stock trading
  • Award-winning broker
Cons
  • Whilst MT4 is an excellent platform, some traders may feel restricted by the lack of choice. Many brokers will offer at least one other third-party platform or even a proprietary solution
  • I think the broker’s range of assets isn’t as wide as many competitors and it would have been good to see more global stocks on offer
  • I’m disappointed that most deposit methods come with fees starting from 1%. Most brokers will offer free deposits
  • Customer support is not available on the weekend
  • $500 minimum deposit is high for beginners
  • Wide spreads on some forex pairs
Awards
  • Fastest Growing Forex Broker Europe 2020 - Global Banking & Finance Review
  • Best OTC Brokerage Western Europe 2020 - International Business Magazine
  • Fastest Growing Financial service company Western Europe 2020 - International Business Magazine
Instruments
Forex, CFDs, indices, shares, commodities, cryptocurrencies Forex, CFDs, indices, shares, commodities, cryptocurrencies, ETFs
Demo Account
Yes Yes
Minimum Deposit
€100 $500
Trading Platforms
  • MT4
  • AutoChartist
  • TradingCentral
  • MT4
  • MT5
Payment Methods
Minimum Trade
0.01 Lots 0.01 Lots
Regulator
MFSA CySEC, VFSC, BaFin 
Margin Trading
No No
STP Account
No No
ECN Account
No No
DMA Account
No Yes
MAM Account
No No
PAMM Account
No No
LAMM Account
No No
Demat Account
No No
AI / Machine Learning
No No
Robo Advisor
No No
Negative Balance Protection
No No
Market Maker
No No
P2P Trading
No No
Spot Trading
No No
Mobile Apps
Yes Yes
Auto Trading
Yes Yes
Copy Trading
No Yes
Copy Trading Platform
JFD Bank offers mirror trading to retail investors with multiple providers and strategies to copy.
Social Trading
Yes Yes
Trade Signals
Yes (GKFX Prime) Yes
VPS Hosting
No No
Tournaments
No No
Demo Competitions
No No
Ethical Investing
No No
Custodial Account
No No
Guaranteed Stop Loss
No No
Islamic Account
Yes No
Account Currencies
  • USD
  • EUR
  • GBP
  • CHF
Commodities
CFD Trading
GKFX’s collection of CFDs spans forex, indices, commodities, cryptocurrencies and stocks with just a €100 minimum deposit and zero commissions in the Standard account. I was pleased to see some additional tools to enhance the CFD trading experience, including Trading Central insights, chart analytics by Autochartist, and a VPS service. CFD trading on stocks, indices, commodities, ETFs and crypto, with leverage up to 1:30 for retail traders or 1:400 for professionals. Zero-fee CFDs are available on stocks and crypto, and spreads are floating.
Leverage
1:5 1:400
FTSE Spread
1 6.0
GBPUSD Spread
0.7 3.5 
Oil Spread
0.03 Floating
Stocks Spread
Variable Variable
Forex Trading
I was impressed with GKFX’s above-average range of 50+ currency instruments covering major, minor and exotic pairs. I found spreads were also pretty reasonable, starting from 0.6 pips for EUR/USD. Sensible leverage is available up to 1:30 as per MiFID guidelines, and I appreciate the margin, profit and currency calculators available on the website. 66 forex pairs are available including majors, minors and exotics. Spreads are variable and relatively wide at 3.5 for GBP/USD and 1.8 for EUR/USD when tested, and leverage for retail traders is limited by regulatory restrictions to 1:30.
GBPUSD Spread
0.7 3.5
EURUSD Spread
0.6 1.8
EURGBP Spread
1.4 1.3
Assets
50+ 66
Cryptocurrency
I found just a handful of crypto pairs available to trade at GKFX, which is quite limited compared to some similar brokers. Leverage is available up to 1:2 and there’s also a demo account with up to $100,000 in virtual funds for those who want to practice their crypto strategies risk-free. JFD Bank offers CFDs on a narrow selection cryptocurrency pairs: BTC/USD, BCH/USD, ETH/USD and LTC/USD. Spreads are variable and clients can trade cryptos 24/7.
Spread
Variable Floating
Coins
  • BTC
  • LTC
  • ETH
  • XRP
  • DSH
  • BTC
  • LTC
  • ETH
  • XRP
Crypto Lending
No No
Crypto Mining
No No
Crypto Staking
No No
Auto Market Maker
No No
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