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Pepperstone vs GKFX 2022

BrokerNotes.co

Written by BrokerNotes.co

November 08, 2022

Trying to decide between Pepperstone and GKFX? We’ve taken the guesswork out of the equation with our Comparison Tool. Use our tool to compare hundreds of data points, side-by-side, to see how these two brokers stack up against each other.

Based on our extensive research, hands-on testing, and expert analysis of over a hundred data-driven variables, we've determined that, overall, Pepperstone ranks more highly than GKFX.

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 65% and 82% of retail investor accounts lose money when trading CFDs. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
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Overall RatingPepperstoneGKFXFOREX.com
Overall Rating8.4 / 107.1 / 109.3 / 10
Account TypePepperstoneGKFXFOREX.com
Standard Trade Size (100,000 units)YesYesYes
Mini Trade Size (10,000 units)YesYesYes
Micro Trade Size (1,000 units)YesYesYes
Islamic AccountYesYesYes
Copy TradingPepperstoneGKFXFOREX.com
Social Trading / Copy TradingYesYesNo
DupliTradeYesNoNo
ZuluTradeNoNoNo
CryptocurrencyPepperstoneGKFXFOREX.com
Cryptocurrency (Physical)NoNoNo
Cryptocurrency (CFD)YesYesYes
BitcoinYesYesYes
ethereumYesYesYes
Forex Trading (Spot or CFDs)PepperstoneGKFXFOREX.com
Forex Trading (Spot or CFDs)YesYesYes
Mobile Trading - Forex or CFDsYesYesYes
Indices (Index CFDs)PepperstoneGKFXFOREX.com
DAXYesYesYes
Dow JonesYesYesYes
FTSEYesYesYes
NASDAQ 100YesYesYes
NikkeiYesYesYes
SP 500YesYesYes
InvestmentsPepperstoneGKFXFOREX.com
Forex Trading (Spot or CFDs)YesYesYes
Spread BettingYesNoNo
Social Trading / Copy TradingYesYesNo
MetalsYesYesYes
EnergiesYesYesYes
AgriculturalsYesNoYes
ETFYesNoYes
U.S. Stocks (CFD)YesYesYes
Trading PlatformsPepperstoneGKFXFOREX.com
Apple iOS AppYesYesYes
Android AppYesYesYes
Proprietary PlatformNoNoYes
Desktop Platform (Windows)YesYesYes
Web PlatformYesYesYes
MetaTrader 4 (MT4)YesYesYes
MetaTrader 5 (MT5)YesYesYes
Regulatory LicensesPepperstoneGKFXFOREX.com
Tier-1 Licenses204
ASIC Authorised (Australia)YesNoNo
IIROC Authorised (Canada)NoNoYes
FCA Authorised (U.K.)YesNoYes
SFC Authorised (Hong Kong)NoNoNo
MAS Authorised (Singapore)NoNoNo
FINMA Authorised (Switzerland)NoNoNo
CFTC Registered (USA)NoNoYes
Tier-2 Licenses212
Tier-3 Licenses101
Research, EducationPepperstoneGKFXFOREX.com
Trading Central (Recognia)NoYesYes
Forex News (Top-Tier Sources)YesNoYes
Daily Market CommentaryYesYesYes
AutochartistYesYesNo
Investor Dictionary (Glossary)YesYesYes
Videos - Beginner Trading VideosYesYesYes
Client Webinars (Archived)YesYesNo
Trading CostsPepperstoneGKFXFOREX.com
Minimum Initial Deposit$200$0$100
Average Spread EUR/USD - Standard0.77 (September 2022)N/A1.0 (July 2022)
All-in Cost EUR/USD - Active0.87 (September 2022)N/A1.0 (July 2022)
Active Trader or VIP DiscountsYesNoYes
Bank Wire (Deposit/Withdraw)YesYesYes
Visa/Mastercard (Credit/Debit)YesYesYes
PayPal (Deposit/Withdraw)YesNoYes
Trading ToolsPepperstoneGKFXFOREX.com
Watchlists - Total Fields7720
Mobile WatchlistYesYesYes
Charting - Indicators / Studies (Total)1530203
Mobile Charting - Indicators / Studies303088
Trust FactorsPepperstoneGKFXFOREX.com
Year Founded201020131999
Publicly Traded (Listed)NoNoYes
BankNoNoNo
Authorised in European UnionYesYesYes
Trust Score936699
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Pepperstone vs GKFX Comparison

Comparing forex brokers side by side is no easy task. For our 2022 annual forex broker review, we spent hundreds of hours assessing 39 forex and CFD brokerages to find the best forex broker. Let's compare Pepperstone vs GKFX.

Can I trust Pepperstone?

Pepperstone has a trust score of 93, giving it a "Highly Trusted" trust label. Here's what each trust score label means:

  • "Highly Trusted" (90-99) - These brokers are considered the most trustworthy firms in the industry. Simply put, we would not hesitate to open and fund an account with a Highly Trusted broker.
  • "Trusted" (80-89) - These brokers are reliable and trustworthy. "Trusted" firms are a solid choice, and may simply hold fewer regulatory licences or feature different corporate structures than those brokers that have earned our top Trust Score rating.
  • "Average Risk" (70-79) - Average Risk brokers are firms we generally consider to be safe, but that may warrant a closer inspection before you open and fund a live trading account. At the least, we always encourage traders to check the regulatory licenses for Average Risk firms to verify that they are regulated in their own country of residence.
  • "High Risk" (60-69) - High-risk firms should be scrutinized and carefully reviewed before opening an account. These forex brokers are – in most cases – operating without credible regulatory licensing, and likely have a history of legal or financial issues. Before considering an account with a high-risk firm, we recommend checking our country guides for your country of residence to see if a more trusted broker is available.
  • "Do Not Trust" (<59) - We do not recommend opening an account of any kind with a broker that earns a “Do Not Trust” rating.

Can I trust GKFX?

GKFX has a trust score of 66, giving it a "High Risk" trust label.

Is Pepperstone a good broker?

Pepperstone offers numerous trading platforms (including for social copy trading) and tools for algorithmic traders, including the full MetaTrader suite. Traders gain access to high-quality research and an above-average range of markets.

Is GKFX a good broker?

What tier-1 jurisdictions is each broker regulated in?

Tier-1 regulators go above and beyond by requiring additional capital requirements, checking in on brokers more frequently, and putting brokers through a tougher screening process. Pepperstone is ASIC Authorised (Australia) and FCA Authorised (U.K.), while GKFX is none., neither have IIROC Authorised (Canada), SFC Authorised (Hong Kong), CBI Authorised (Ireland), FSA Authorised (Japan), MAS Authorised (Singapore), FMA Authorised (New Zealand), FINMA Authorised (Switzerland) and CFTC Registered (USA)

What tier-2 jurisdictions is each broker regulated in? What about tier-3?

Tier-2 and tier-3 licenses are still important in evaluating the overall trustworthiness of forex brokers. As far as tier-2 licenses go, Pepperstone is CySEC Authorised (Cyprus) and DFSA / Central Bank Authorised (UAE), while GKFX is none., neither have CBRC Authorised (China), SEBI Authorised (India), ISA Authorised (Israel), CBR Authorised (Russia), FSCA Authorised (South Africa) and SEC Authorised (Thailand). When comparing tier-3 licenses Pepperstone is SCB Authorised (Bahamas), while GKFX is none., neither have IFSC Authorised (Belize), BMA Authorised (Bermuda), FSC Authorised (British Virgin Islands), CIMA Authorised (Cayman Islands), FSC Authorised (Mauritius) and VFSC Authorised (Vanuatu).

Which broker offers more trading platforms?

For trading platforms Pepperstone supports a Desktop Platform (Windows), cTrader and DupliTrade, whereas GKFX supports a Desktop Platform (Windows)., neither have Proprietary Platform and ZuluTrade

Does Pepperstone offer MetaTrader? Does GKFX offer MetaTrader?

Both Pepperstone and GKFX offer the whole MetaTrader suite, which consists of both MetaTrader 4 and MetaTrader 5. If you’re new to MetaTrader 4 here’s our educational guide on how to use MT4.

How do Pepperstone and GKFX differ in terms of minimum deposit? What about average spreads and funding options?

Pepperstone requires a minimum deposit of $200, while GKFX requires a minimum deposit of $0. From our testing we found Pepperstone offers spreads of 0.77 (September 2022), while GKFX offers spreads of N/A. Pepperstone supports Bank Wire (Deposit/Withdraw), Visa/Mastercard (Credit/Debit), PayPal (Deposit/Withdraw) and Skrill (Deposit/Withdraw) for popular funding options, where GKFX supports Bank Wire (Deposit/Withdraw) and Visa/Mastercard (Credit/Debit).

Which brokers offers more tradeable asset classes, Pepperstone or GKFX?

Pepperstone offers a more diverse selection of investment options than GKFX allowing you to trade Forex Trading (Spot or CFDs), Spread Betting, Social Trading / Copy Trading, Metals, Energies, Agriculturals, ETF and U.S. Stocks (CFD). Looking at total tradeable symbols, Pepperstone has 1200, compared to 354 from GKFX.

Can I trade cryptocurrency with Pepperstone or GKFX?

Crypto trading is popular with forex traders. Most crypto assets are offered either as the underlying physical asset or as a CFD or other derivative — including spot forex contracts. In terms of trading physical cryptocurrency neither Pepperstone nor GKFX allow you to trade physical cryptocurrencies.

Who offers more research tools, Pepperstone or GKFX?

In terms of research and research tools Pepperstone gives traders the following tools: Autochartist, Daily Market Commentary, Stock Charts, Forex News (Top-Tier Sources) and Social Trading / Copy Trading. In comparison GKFX has the tools listed here: Autochartist, Daily Market Commentary, Stock Charts, Trading Central (Recognia) and Social Trading / Copy Trading.

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