GKFX
iq option
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Overview
GKFX was founded in 2010 and is headquartered in UK, while iq option was established in 2019 and is based in United States. Both brokers are regulated by Financial Conduct Authority (FCA), among other authorities. GKFX serves 10,000+ clients worldwide; iq option has 14,000,000+. The minimum deposit is $20 at GKFX and $250 at iq option.
| Feature | GKFX | iq option |
|---|---|---|
| Min. Deposit | $20 | $250 |
| Regulation | Financial Conduct Authority (FCA) | Financial Conduct Authority (FCA), Australian Securities and Investment Commission (ASIC), Dubai Financial Services Authority (DFSA), Pepperstone Markets Limited is incorporated in The Bahamas (number 177174 B), Licensed by the Securities Commission of The Bahamas (SCB) number SIA-F262 |
| Founded | 2010 | 2019 |
| Country | UK | United States |
| Clients | 10,000+ | 14,000,000+ |
Fees
Fees are a critical factor when choosing between GKFX and iq option, directly affecting your bottom line as a trader. GKFX has a lower barrier to entry with a minimum deposit of $20 (vs $250 at iq option). Both brokers charge withdrawal fees. GKFX applies inactivity fees on dormant accounts; iq option does not. GKFX charges deposit fees; iq option does not. Overall, GKFX scores higher on fees in our assessment.
| Feature | GKFX | iq option |
|---|---|---|
| Min. Deposit | $20 | $250 |
| Withdrawal Fees | Yes | Yes |
| Inactivity Fees | Yes | No |
| Deposit Fees | Yes | Yes |
| CFD Fees | Yes | No |
Platforms
GKFX offers MT4, MT5, cTrader, while iq option supports MT4, MT5, cTrader. Both brokers provide mobile trading apps for iOS and Android. GKFX supports social and copy trading features, which iq option does not offer. The two brokers are closely matched on platform offering.
| Feature | GKFX | iq option |
|---|---|---|
| MT4 | Yes | Yes |
| MT5 | Yes | Yes |
| cTrader | Yes | Yes |
| Windows App | Yes | Yes |
| iOS App | Yes | Yes |
| Android App | Yes | Yes |
| Trading Platforms | MT4, Mac, Web Trader, Tablet & Mobile apps | MT4, MT5, Mac, ZuluTrade, Web Trader, cTrader, Tablet & Mobile apps |
Education & Research
Education and research tools help traders at every level make more informed decisions, and here's how GKFX and iq option compare. GKFX runs regular live webinars; iq option does not. GKFX has a video library; iq option does not. GKFX publishes daily market commentary; iq option does not. GKFX integrates third-party research tools (Trading Central); iq option does not. GKFX maintains an archive of past webinars for on-demand viewing. GKFX scores higher overall in education and research.
| Feature | GKFX | iq option |
|---|---|---|
| Forex Education | No | No |
| CFD Education | Yes | No |
| Weekly Webinars | Yes | No |
| Daily Commentary | Yes | No |
| Trading Central | Yes | No |
| Autochartist | No | No |
Deposits & Withdrawals
Convenient deposit and withdrawal options reduce friction for traders, especially important when managing positions across time zones. GKFX accepts 2 of the tracked payment methods (bank transfer, credit/debit card), while iq option supports 5 (bank transfer, credit/debit card, PayPal, Skrill, Neteller). iq option uniquely supports PayPal and Skrill and Neteller among the two brokers. iq option scores higher on deposit and withdrawal flexibility.
| Feature | GKFX | iq option |
|---|---|---|
| Bank Transfer | Yes | Yes |
| Credit Card | Yes | Yes |
| PayPal | No | Yes |
| Skrill | No | Yes |
| Neteller | No | Yes |
Support
Responsive customer support matters most when you're locked out of your account or need urgent help with a trade. Both GKFX and iq option offer live chat support. Both provide phone support. Email support is available at both brokers. GKFX supports 2 languages and iq option supports 8, giving iq option broader global reach. Both brokers are comparable on support quality.
| Feature | GKFX | iq option |
|---|---|---|
| Live Chat | Yes | Yes |
| Phone Support | Yes | Yes |
| Email Support | Yes | Yes |
| Languages | English, and Chinese | English, Spanish, Polish, Chinese, Japanese, Korean, Vietnamese, and Arabic |