Webull vs GKFX
Webull | GKFX |
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4.4
Webull is #7 in our broker rankings. |
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2.5
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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 | |
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Cons | |
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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 | |
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Payment Methods | |
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 | |
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Stock Exchanges | |
Commodities | |
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 | |
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Crypto Lending | |
No | No |
Crypto Mining | |
No | No |
Crypto Staking | |
No | No |
Auto Market Maker | |
No | No |
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