Webull vs GKFX

Webull vs GKFX Comparison Table 2023
Webull	GKFX
Review 4.4 Webull is #7 in our broker rankings.	Review 2.5
Traders from US accepted	Traders from US not accepted See available CFD brokers
Webull is a US-regulated trading app that offers stocks, options, forex, cryptos, ETFs, fractional shares and more. The firm is authorized by the SEC and FINRA with a strong trust rating. Low fees, no minimum investment and generous welcome bonuses have made the discount broker popular with online investors.	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).
Bonus Offer
Up to 12 free fractional shares when you deposit $100
Comment by Reviewer
"Webull is best for traders looking to buy and sell stocks on a user-friendly platform with zero commissions. The intuitive app also makes this broker great for mobile investors."	"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."
Pros
Respected broker regulated by the SEC and FINRA Easy-to-use investment platform and mobile app No minimum deposit for beginners Zero commissions or inactivity fees Smart Advisor for auto investing Promotions with free stocks Brokerage account plus IRA Fractional shares available	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
Cons
High deposit and withdrawal wire fees for non-US residents Sometimes sudden changes in trading conditions Narrow range of payment methods No MetaTrader 4 access	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
Instruments
Stocks, ETFs, ADRs, OTCs, options, cryptos, forex, fractional shares	Forex, CFDs, indices, shares, commodities, cryptocurrencies
Demo Account
Yes	Yes
Minimum Deposit
$0	€100
Trading Platforms
Desktop App Web Terminal	MT4 AutoChartist TradingCentral
Payment Methods
ACH Transfer Automated Customer Account Transfer Service Wire Transfer	Neteller Skrill Sofort Visa WebMoney Wire Transfer
Minimum Trade
0.00001 (Fractional Share)	0.01 Lots
Regulator
SEC, FINRA	MFSA
Margin Trading
Yes	No
Margin Rate
5.49% - 9.49%
STP Account
No	No
ECN Account
No	No
DMA Account
No	No
MAM Account
No	No
PAMM Account
No	No
LAMM Account
No	No
Demat Account
No	No
AI / Machine Learning
No	No
Robo Advisor
Yes	No
Negative Balance Protection
No	No
Market Maker
No	No
P2P Trading
No	No
Spot Trading
Yes	No
Mobile Apps
iOS & Android	Yes
Auto Trading
	Yes
Copy Trading
No	No
Social Trading
No	Yes
Trade Signals
	Yes (GKFX Prime)
VPS Hosting
No	No
Tournaments
No	No
Demo Competitions
No	No
Ethical Investing
No	No
Custodial Account
No	No
Guaranteed Stop Loss
No	No
Inactivity Fee
$0
Islamic Account
No	Yes
Account Currencies
USD
Stock Exchanges
Dow Jones Hong Kong Stock Exchange Nasdaq New York Stock Exchange
Commodities
	Gold Natural Gas Oil
CFD Trading
CFD trading not offered	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.
Leverage
1:4	1:5
FTSE Spread
	1
GBPUSD Spread
	0.7
Oil Spread
NA	0.03
Stocks Spread
$0	Variable
Forex Trading
Webull offers a modest collection of 17 currencies, including majors like EUR/USD. Forex can be traded on the feature-rich investing app with real-time quotes and low spreads.	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.
GBPUSD Spread
0.4	0.7
EURUSD Spread
0.2	0.6
EURGBP Spread
0.4	1.4
Assets
15+	50+
Cryptocurrency
Webull offers trading on 8 popular cryptos through its Webull Pay app. With premium analysis tools, traders can review market trends and identify opportunities in a few taps.	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.
Spread
Floating	Variable
Coins
BTC BCH DOGE ETC ETH LTC SHIB USDC	BTC LTC ETH XRP DSH
Crypto Lending
No	No
Crypto Mining
No	No
Crypto Staking
No	No
Auto Market Maker
No	No

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