GKFX
Saxo Markets
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Overview
GKFX was founded in 2010 and is headquartered in UK, while Saxo Markets was established in 2012 and is based in Denmark. Both brokers are regulated by Financial Conduct Authority (FCA), among other authorities. GKFX serves 10,000+ clients worldwide; Saxo Markets has 10,000+. The minimum deposit is $20 at GKFX and $6500 at Saxo Markets.
| Feature | GKFX | Saxo Markets |
|---|---|---|
| Min. Deposit | $20 | $6500 |
| Regulation | Financial Conduct Authority (FCA) | Financial Conduct Authority (FCA) |
| Founded | 2010 | 2012 |
| Country | UK | Denmark |
| Clients | 10,000+ | 10,000+ |
Fees
Fees are a critical factor when choosing between GKFX and Saxo Markets, directly affecting your bottom line as a trader. GKFX has a lower barrier to entry with a minimum deposit of $20 (vs $6500 at Saxo Markets). Both brokers charge withdrawal fees. Both brokers charge inactivity fees on dormant accounts, worth noting if you trade infrequently. GKFX charges deposit fees; Saxo Markets does not. Overall, GKFX scores higher on fees in our assessment.
| Feature | GKFX | Saxo Markets |
|---|---|---|
| Min. Deposit | $20 | $6500 |
| Withdrawal Fees | Yes | Yes |
| Inactivity Fees | Yes | Yes |
| Deposit Fees | Yes | No |
| CFD Fees | Yes | No |
Platforms
GKFX offers MT4, MT5, cTrader, while Saxo Markets supports MT4, MT5, cTrader. Both brokers provide mobile trading apps for iOS and Android. Both brokers support copy or social trading, catering to less hands-on investors. The two brokers are closely matched on platform offering.
| Feature | GKFX | Saxo Markets |
|---|---|---|
| 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 | Mac, Web Trader, Tablet & Mobile apps |
Education & Research
Education and research tools help traders at every level make more informed decisions, and here's how GKFX and Saxo Markets compare. GKFX runs regular live webinars; Saxo Markets does not. Both provide video tutorials. GKFX publishes daily market commentary; Saxo Markets does not. Both integrate third-party research tools. GKFX maintains an archive of past webinars for on-demand viewing. GKFX scores higher overall in education and research.
| Feature | GKFX | Saxo Markets |
|---|---|---|
| Forex Education | No | Yes |
| CFD Education | Yes | No |
| Weekly Webinars | Yes | No |
| Daily Commentary | Yes | No |
| Trading Central | Yes | No |
| Autochartist | No | Yes |
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 Saxo Markets supports 2 (bank transfer, credit/debit card). Both brokers support the same set of payment methods.
| Feature | GKFX | Saxo Markets |
|---|---|---|
| Bank Transfer | Yes | Yes |
| Credit Card | Yes | Yes |
| PayPal | No | No |
| Skrill | No | No |
| Neteller | No | No |
Support
Responsive customer support matters most when you're locked out of your account or need urgent help with a trade. Both GKFX and Saxo Markets offer live chat support. Both provide phone support. Email support is available at both brokers. Both brokers offer support in 2 languages. Both brokers are comparable on support quality.
| Feature | GKFX | Saxo Markets |
|---|---|---|
| Live Chat | Yes | Yes |
| Phone Support | Yes | Yes |
| Email Support | Yes | Yes |
| Languages | English, and Chinese | English, and Chinese |