image GKFX VISIT GKFX image ATC Brokers VISIT ATC BROKERS image Forex.com VISIT FOREX.COM
About

GKFX is regulated by the Financial Conduct Authority. GKFX have provided Forex, Spread betting, CFD, stocks, Equities trading services since 2010.

ATC Brokers is regulated by NFA 0358522. ATC Brokers have provided Forex, Spread betting trading services since 2005.

Forex.com is regulated by the Financial Conduct Authority. Forex.com have provided Forex, Commodities, Indices trading services since 1999.

Why choose them?
  • Yes Over 8 years in business
  • Yes Segregates clients funds
  • Yes Regulated by Financial Conduct Authority
  • Yes Over 13 years in business
  • Yes Segregates clients funds
  • Yes Regulated by Financial Conduct Authority
  • Yes Over 19 years in business
  • Yes Segregates clients funds
  • Yes Regulated by Financial Conduct Authority
Headquarters London, UK CA, USA London, UK

TRADING SERVICES OFFERED

Spot Forex Yes Yes Yes
Forex (CFD) Yes No Yes
CFD Yes No Yes
Spread Betting Yes No No
Social Trading No Yes No
MARKETS & INSTRUMENTS
Forex (currency pairs) 53 38 80
Commodities Offered 0 0 12
Stocks Offered 300 0 220
Bitcoin Yes No Yes
Majors Yes Yes Yes
Indices Yes No Yes
US Stocks Yes No Yes
Penny stocks No No No
Energies Yes Yes Yes
Metals Yes Yes Yes
Agriculturals Yes No Yes
FTSE Yes No Yes
Dow Jones Yes No Yes
Dax Yes No Yes
Nikkei Yes No Yes
ETFs No No Yes
IPO No No Yes
See all instruments

81.75% of retail investor accounts lose money when trading spread bets and CFDs with this provider.

See all instruments

Losses can exceed deposits

See all instruments

70% of retail investor accounts lose money when trading CFDs with this provider

PLATFORM & FEATURES

See the platforms and features offered by each broker

Screenshot image image image
MT4 Yes Yes Yes
MT5 No No No
MT4 Mac Yes No No
WebTrader Yes No Yes
Mirror Trader No Yes No
ZuluTrade No No No
Sirix No No No
cTrader No No No
PAMM No Yes No
Custom Platforms No ATC Trader, Algo Trader FOREXTrader PRO

APPS

iOS image Yes Yes Yes
Android image Yes Yes Yes
Windows image No Yes Yes
Available Languages

English

English

English, Chinese, and Arabic

See platform & features

81.75% of retail investor accounts lose money when trading spread bets and CFDs with this provider.

See platform & features

Losses can exceed deposits

See platform & features

70% of retail investor accounts lose money when trading CFDs with this provider

ACCOUNT INFORMATION

From micro accounts to ECN accounts, compare the accounts offered by GKFX and ATC Brokers

Demo account Yes Yes Yes
Mini account Yes Yes Yes
Micro account Yes No No
Standard account Yes Yes Yes
ECN Account No Yes Yes
Islamic account Yes No Yes
Zero spread account No No No
VIP account Yes Yes No
Fixed spreads Yes No Yes
Variable spreads Yes Yes Yes
See account options

81.75% of retail investor accounts lose money when trading spread bets and CFDs with this provider.

See account options

Losses can exceed deposits

See account options

70% of retail investor accounts lose money when trading CFDs with this provider

TRADING CONDITIONS

Scalping Yes Yes Yes
Hedging Yes Yes Yes
Expert advisors (EAs) Yes No Yes
Virtual private server Yes No No
Direct market access No No Yes
STP broker Yes Yes Yes
Market maker Yes Yes Yes
Min trade 0.01 Lot 1 Lot Varies
Max trade None None 5 million
Min deposit $20 5,000 $50

RISK MANAGEMENT

Stop losses Yes Yes Yes
Limit orders Yes Yes Yes
One-click trading Yes Yes Yes
Trailing stops Yes Yes Yes
Price alerts Yes Yes Yes
Signal trading No No No

FUNDING METHODS

Credit card Yes Yes Yes
Bank transfer Yes Yes Yes
Standard account Yes Yes Yes
Paypal No No No
Neteller No No No
Skrill No No No
Payment processing time 1-5 business days 1-2 business days Varies
Withdrawal processing time 1-5 business days 1-3 business days 1-2 business days
See all funding options

81.75% of retail investor accounts lose money when trading spread bets and CFDs with this provider.

See all funding options

Losses can exceed deposits

See all funding options

70% of retail investor accounts lose money when trading CFDs with this provider

DETAILED INFO

Excluded countries non-OFAC, US non-OFAC, US BE
Contact email Send Email Send Email Send Email
phone number (44) (0) 2071861212 (1) (877) 654.8400/ (1) (877) 654.8400 Yes
Live Chat Yes Yes Yes
Website https://www.gkfx.com/ https://www.atcbrokers.com/ http://www.forex.com
Forex Spreads
EUR/USD 1.20 1.00
GBP/USD 1.00 1.00
USD/JPY 2.30 0.90
AUD/USD 3.3 0 1.2
Cryptocurrency Spreads N/A N/A N/A
View all FX spreads

81.75% of retail investor accounts lose money when trading spread bets and CFDs with this provider.

View all FX spreads

Losses can exceed deposits

View all FX spreads

70% of retail investor accounts lose money when trading CFDs with this provider

INDICE SPREADS
Dax 30 1.0 250.0
Nasdaq 100 1.0 130.0
Euro Stoxx 50 1.0 4.0
ASX 200
S&P 500 4.0 50.0
FTSE 100 1.0 N/A 150.0
Google N/A N/A
Facebook N/A N/A
View all spreads

81.75% of retail investor accounts lose money when trading spread bets and CFDs with this provider.

View all spreads

Losses can exceed deposits

View all spreads

70% of retail investor accounts lose money when trading CFDs with this provider

FEES

Inactivity Fee No Yes No
Commission No No No
Deposit Fee Varies Varies No
Withdrawal Fee No £25 No
View All Fees

81.75% of retail investor accounts lose money when trading spread bets and CFDs with this provider.

View All Fees

Losses can exceed deposits

View All Fees

70% of retail investor accounts lose money when trading CFDs with this provider

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Last update

All information collected from https://www.gkfx.com/. Last updated on 01/07/2019.

All information collected from https://www.atcbrokers.com/. Last updated on 01/07/2019.

All information collected from http://www.forex.com. Last updated on 01/07/2019.

Company

GKFX is an online forex trading service provider who are regulated by the Financial Conduct Authority, Bafin. To open an account with GKFX, minimum deposits start from $1.

With GKFX you can trade FX, equities, indices, and commodities. If you like to trade on the go, GKFX have iphone and android apps so you can trade from anywhere on your phone.

GKFX offer MetaTrader 4, WebTrader, Multi Terminal platforms to make your trades and support 13 different languages.

They also offer traders a £300 cash back offer.

The spreads offered by GKFX for the most popular instruments are:
1.8 EUR/USD, 1.0 FTSE 100, 50 GOLD,
2.3 GBP/USD, n/a DOW/JONES, 5 Crude Oil,
see all the spreads here.

For more information about trading with GKFX, we have put together an indepth GKFX review with some of the pros and cons about this broker.

ATC Brokers is an online forex trading service provider who are regulated by the Financial Conduct Authority. To open an account with ATC Brokers, minimum deposits start from $5,000.

With ATC Brokers you can trade Currencies, gold & silver. If you like to trade on the go, ATC Brokers have iPhone and Android apps so you can trade from anywhere on your phone.

ATC Brokers offer MT4 PC, MT4 Plus, MT4 Mobile, Trade Copier platforms to make your trades and support 3 different languages.

They also offer traders free educational material to better understand the markets and trading strategies.

The spreads offered by ATC Brokers for the most popular instruments are:
0.3 EUR/USD, variable FTSE 100, GOLD,
0.7 GBP/USD, variable DOW/JONES, Crude Oil,
see all the spreads here.

For more information about trading with ATC Brokers, we have put together an indepth ATC Brokers review with some of the pros and cons about this broker.

FOREX is a market leading broker with over 15 years' experience in the industry serving over 200,000 traders worldwide. As a publically traded company on the NY stock exchange, regulated by multiple regulating bodies including the Financial Conduct Authority in UK, FOREX is a broker you can trust. FOREX offer competitive pricing through its advanced technology and execute your trades fast and at the price you expect or better. Pricing is simple and easy to understand with no complicated commission structures or small print, you know what you will pay. With a commitment to customer support they offer 24 hour support from 9pm Sun through to 9pm Friday.

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GKFX or ATC Brokers?

A wide range of instruments or low spreads?

If you’re a trader looking for a broker that offers a wide variety of instruments to trade, GKFX is likely the better option out of these brokers. However, if you want a broker with lower spreads on currency pairs like EUR/USD, ATC Brokers may be more appropriate.

Which broker is more reliable?

You can determine a broker’s reliability & trustworthiness by looking at eight factors:

  • Who are they regulated by?
  • How long have they been around for?
  • Do they hold your money in a separate bank account?
  • Do they use reputable “tier-1” banks like Barclays, Goldman Sachs or HSBC?
  • Have they been fined or penalised in the last five years?
  • The popularity of their service/website
  • Are they publicly listed?
  • Where are they located?

Based on these eight factors, we consider ATC Brokers to be the more reliable broker. We’ve broken down why below:

Who are they regulated by?

GKFX and ATC Brokers are both regulated by Financial Conduct Authority

As the Financial Conduct Authority are one of the most stringent regulators in the world, both GKFX and ATC Brokers will have very strict guidelines to follow to ensure they protect their retail trader clients.

Forex.com are also regulated by the Financial Conduct Authority.

How long have they been around for?

If a broker has been around for a long period of time, they’re likely to be more reliable (in comparison, most scam brokers only exist for several years before they disappear).

This also suggests that a broker has good risk management processes that have prevented them being caught out by major financial events, as was the case with Alpari UK going bust when they were there was a policy reversal of capping the Swiss Franc against the Euro.

GKFX has been around for 9 years, while ATC Brokers have been around for 14 years. Our third alternative broker, Forex.com, have been around for 20 years.

Do they hold your money in a separate bank account?

You wouldn’t want your broker paying their staff out of the same bank account account that you’re depositing your trading funds into, would you?

Fortunately, all regulated brokers must use segregated bank accounts to hold client money. This is one of the reasons why we only feature regulated brokers here on BrokerNotes.

All three brokers above will hold your money in a separate bank account.

Do they use reputable “tier-1” banks like Barclays, Goldman Sachs or HSBC?

Most tier-1 banks like Barclays and HSBC have been around for over 100 years and manage trillions of dollars of assets, proving that they have stood the test of time.

Both GKFX and ATC Brokers use tier one banks, but we are not sure of which bank specifically.

Have they been fined or penalised in the last five years?

If a broker has been penalised by a regulator in the past five years, it may mean that they were caught doing something they shouldn’t be doing - which may be of concern to you as an end client.

We’re not aware of any penalties or fines imposed by regulators on GKFX or ATC Brokers in the past five years.

How popular is their service/website?

While not always the case, the number of traders a broker has can be a good metric for understanding how reputable a brokers is.

Are they publicly listed?

Companies that are publicly listed on a stock exchange tend to be considered more reputable as they will be required to disclose their financials, and aspects of their operations, to the public.

Both GKFX and ATC Brokers are privately owned companies.

Where are they located?

Most reputable brokers tend to be headquartered in a major capital city or a financial hub such as Cyprus.

GKFX are based in London, UK, while ATC Brokers are based in CA, USA.

Do they offer the features you need?

Assuming the brokers you’re choosing between are reputable, the next point to consider is whether they offer all of the features you require to trade.

This can be broken down into three categories:

  • Services & instruments
  • Platforms & account types
  • Trading features, risk management tools & funding methods

Services and Instruments

If you’re looking to trade currency pairs, both GKFX and ATC Brokers offer forex trading. GKFX have a slightly larger variety of currency pairs with 53 pairs, compared to 38 offered by ATC Brokers. Also, if you’re looking to trade cryptocurrencies, GKFX offers a handful of cryptocurrency CFDs to trade, including Bitcoin, Ethereum and Ripple.

Both GKFX and ATC Brokers allow you to trade commodities like gold, silver and crude oil.

ATC Brokers also offer social trading, which allows you to follow the trading activity, engage in discussion, and even copy the trades of other traders.

Platforms & Account Types

If you trade forex, there’s a good chance you might want a broker that offers the popular MT4 trading platform. If that’s the case, both GKFX and ATC Brokers offer this. Our alternative broker, Forex.com, also offers MT4 and MT5.

In addition to the platform, you’ll also want to ensure that the broker you choose offers the account type best suited to your needs. GKFX, for example, offer a mini account, standard account and VIP account.

Trading features, risk management tools & funding methods

If you have a certain trading style (e.g. scalping, hedging, or using EAs), you’ll want to double check that the broker you choose allows this, as not all of them do.

GKFX does allow scalping and hedging. While ATC Brokers also allows scalping and hedging. You can trade with EAs (expert advisors) on GKFX but you can't trade EAs (expert advisors) with ATC Brokers.

In terms of risk management tools, neither GKFX or ATC Brokers offers negative balance protection. Negative balance protection prevents you owing your broker more than you’ve deposited.

GKFX also offer stop losses, limit orders, and price alerts to help you automate aspects of your trading strategy.

GKFX accept Payoneer while

Are they affordable for what you need?

Comparing the fee structures of different brokers can be a minefield at times. The important thing to consider is what the spreads & fees are on the specific instruments and account type that you will be using.

For trading EUR/USD, GKFX charges 1.20 points, while ATC Brokers charges points. Therefore, ATC Brokers is the more affordable for this instrument. If you want to compare their spreads across more instruments, You can jump back up to our comparison of their currency pair & indice spreads above.

Another consideration is whether or not your broker charges inactivity, deposit/withdrawal fees, or commissions on trades. If you’re a frequent trader, inactivity fees are unlikely to be an issue.

The Verdict: GKFX or ATC Brokers?

There’s no such thing as a perfect broker, but some are going to be a better fit for you than others.

Objectively, ATC Brokers is more reliable based on our criteria above. GKFX has a wider range of instruments to trade. GKFX offer lower spreads on popular forex instruments like EUR/USD and are used by more traders.

Both brokers offer demo accounts, allowing you to test their platforms to see which is suitable for you. You can test drive their demos using the links below:

Finally, if you’re really not sure you can always use our free tool (takes 15 seconds) that will help you find a suitable broker based on your precise requirements here.

Between 54-87% of retail CFD accounts lose money. Based on 69 brokers who display this data.