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

BrokerDNA

The BROKERDNA score tells you, overall, how reputable, suitable, and affordable a broker is compared to other brokers.

This score is algorithmically-generated based on 31 factors. Neither our team, nor the brokers featured on our site, are able to change this without changing their service offering. Learn more here.

GKFX
9.2 /10

The BROKERDNA score tells you, overall, how reputable, suitable, and affordable a broker is compared to other brokers.

This score is algorithmically-generated based on 31 factors. Neither our team, nor the brokers featured on our site, are able to change this without changing their service offering. Learn more here.

VISIT GKFX
Super Trading Online
8.3 /10

The BROKERDNA score tells you, overall, how reputable, suitable, and affordable a broker is compared to other brokers.

This score is algorithmically-generated based on 31 factors. Neither our team, nor the brokers featured on our site, are able to change this without changing their service offering. Learn more here.

VISIT SUPER TRADING ONLINE
AvaTrade
9.7 /10

The BROKERDNA score tells you, overall, how reputable, suitable, and affordable a broker is compared to other brokers.

This score is algorithmically-generated based on 31 factors. Neither our team, nor the brokers featured on our site, are able to change this without changing their service offering. Learn more here.

VISIT AVATRADE
About

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

Super Trading Online is regulated by CySEC. Super Trading Online have provided Forex, Spread betting, CFD trading services since 2010.

AvaTrade is regulated by the Central Bank of Ireland, ASIC (Australia), FSA (Japan), FSB (South Africa) and BVI. AvaTrade have provided Forex trading services since 2006.

Why choose them?
  • Yes Over 8 years in business
  • Yes Segregates clients funds
  • Yes Regulated by Financial Conduct Authority
  • Yes Over 8 years in business
  • Yes Segregates clients funds
  • Yes Regulated by Financial Conduct Authority, CySEC
  • Yes Over 12 years in business
  • Yes Segregates clients funds
  • Yes Regulated by Central Bank of Ireland, ASIC, FSA, FSB and BVI
Headquarters London, UK Limassol, Cyprus Dublin, Ireland

TRADING SERVICES OFFERED

Spot Forex Yes Yes Yes
Forex (CFD) Yes No Yes
CFD Yes No Yes
Spread Betting Yes No Yes
Social Trading No No Yes
MARKETS & INSTRUMENTS
Forex (currency pairs) 53 37 59
Commodities Offered 0 0 16
Stocks Offered 300 92 99
Bitcoin Yes No Yes
Majors Yes Yes Yes
Indices Yes Yes Yes
US Stocks Yes Yes Yes
Penny stocks No No No
Energies Yes Yes Yes
Metals Yes Yes Yes
Agriculturals Yes Yes Yes
FTSE Yes Yes Yes
Dow Jones Yes Yes Yes
Dax Yes Yes Yes
Nikkei Yes Yes 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

68.77% of retail investor accounts lose money when trading CFDs with AFX Markets Ltd

See all instruments

71% 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 Yes
MT4 Mac Yes No Yes
WebTrader Yes Yes Yes
Mirror Trader No No Yes
ZuluTrade No No Yes
Sirix No No No
cTrader No No No
PAMM No No No
Custom Platforms No AFX Fast AvaTradeAct, AVAOptions

APPS

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

English

English, Russian, Italian, Arabic, and Chinese

English, Italian, German, French, Greek, Hebrew, Spanish, Arabic, Malay, Russian, Chinese, Portuguese and Dutch

See platform & features

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

See platform & features

68.77% of retail investor accounts lose money when trading CFDs with AFX Markets Ltd

See platform & features

71% 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 Super Trading Online

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

68.77% of retail investor accounts lose money when trading CFDs with AFX Markets Ltd

See account options

71% 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 Yes Yes
Virtual private server Yes Yes No
Direct market access No Yes Yes
STP broker Yes Yes No
Market maker Yes Yes Yes
Min trade 0.01 Lot 0.01 Lot 0.01 Lot
Max trade None None None
Min deposit $20 $20 $100

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 Yes Yes

FUNDING METHODS

Credit card Yes Yes Yes
Bank transfer Yes Yes Yes
Standard account Yes Yes Yes
Paypal No No Yes
Neteller No Yes Yes
Skrill No Yes Yes
Payment processing time 1-5 business days 1 business day Varies
Withdrawal processing time 1-5 business days 3 business days Varies
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

68.77% of retail investor accounts lose money when trading CFDs with AFX Markets Ltd

See all funding options

71% of retail investor accounts lose money when trading CFDs with this provider.

DETAILED INFO

Excluded countries US US BE,BR,NZ,US,KE,IN,GH
Contact email Send Email Send Email Send Email
Phone number (44) (0) 2071861212 357 25-020605 (44) (0) 8005200423
Live Chat Yes Yes Yes
Website https://www.gkfx.com/ http://www.stofs.com/ http://www.avatrade.com/
Spreads:
EUR/USD (Average: 0.7 pips) 1.5 pips Not offered 0.9 pips
GBP/USD (Average: 1.1 pips) 2.0 pips Not offered 1.6 pips
USD/JPY (Average: 1.1 pips) 2.0 pips Not offered 1.1 pips
AUD/USD (Average: 0.8 pips) 3.3 pips Not offered 1.1 pips
USD/CHF (Average: 2.3 pips) 3.0 pips Not offered 1.6 pips
USD/CAD (Average: 2.9 pips) 4.0 pips Not offered 2.0 pips
NZD/USD (Average: 3.6 pips) 3.0 pips Not offered 1.8 pips
EUR/GBP (Average: 2.4 pips) 2.0 pips Not offered 1.5 pips
View all spreads

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

View all spreads

68.77% of retail investor accounts lose money when trading CFDs with AFX Markets Ltd

View all spreads

71% of retail investor accounts lose money when trading CFDs with this provider.

FEES

Inactivity Fee No No No
Commission No No No
Deposit Fee Varies No No
Withdrawal Fee No No No
View All Fees

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

View All Fees

68.77% of retail investor accounts lose money when trading CFDs with AFX Markets Ltd

View All Fees

71% 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 01/12/2019.

All information collected from http://www.stofs.com/. Last updated on 01/12/2019.

All information collected from http://www.avatrade.com/. Last updated on 01/12/2019.

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.

Super Trading Online is an online forex trading service provider who are regulated by the Financial Conduct Authority, CySEC. To open an account with Super Trading Online, minimum deposits start from $20.

With Super Trading Online you can trade Forex, indices, commodities, equities, and bonds. If you like to trade on the go, Super Trading Online have an Android app so you can trade from anywhere on your phone.

Super Trading Online offer MetaTrader 4, AFX Fast platforms to make your trades and support 5 different languages.

The spreads offered by Super Trading Online for the most popular instruments are:
1.8 EUR/USD, 1.0 FTSE 100, 38.0 GOLD,
2.1 GBP/USD, 3.0 DOW/JONES, 4.0 Crude Oil,
see all the spreads here.

Since 2006, Avatrade have attracted over 20,000 traders to their platform. While their spreads are not the most competitive, they do offer traders a range of great features, such as guaranteed stop losses, the ability to hedge / scalp, and low margins.

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

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GKFX or Super Trading Online?

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, Super Trading Online 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 GKFX and Super Trading Online to be equally reliable. We’ve broken down why below:

Who are they regulated by?

GKFX is regulated by Financial Conduct Authority, while Super Trading Online is regulated by Financial Conduct Authority, CySEC.

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

AvaTrade are regulated by Central Bank of Ireland, ASIC, IIROC, FSA, FSB, UAE and BVI

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 Super Trading Online have been around for 9 years. Our third alternative broker, AvaTrade, have been around for 13 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 Super Trading Online 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 Super Trading Online 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 Super Trading Online 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 Super Trading Online are based in Limassol, Cyprus .

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 Super Trading Online offer forex trading. GKFX have a slightly larger variety of currency pairs with 53 pairs, compared to 37 offered by Super Trading Online. 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 Super Trading Online allow you to trade commodities like gold, silver and crude oil.

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 Super Trading Online offer this. Our alternative broker, AvaTrade, 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.

For Muslim traders, GKFX offers an Islamic account, which doesn’t accrue interest or incur/receive rollover swap points, as this is prohibited in Shariah law. You can learn more & compare Islamic trading accounts head-to-head here.

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 Super Trading Online also allows scalping and hedging. You can trade with EAs (expert advisors) on both GKFX and Super Trading Online.

In terms of risk management tools, neither GKFX or Super Trading Online 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 Super Trading Online accept Neteller.

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 Super Trading Online charges 1.80 points. Therefore, GKFX 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 Super Trading Online?

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

Objectively, Super Trading Online 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.