Trading 212 vs GKFX 2024

Trading 212 is not publicly traded and does not operate a bank. Trading 212 is authorized by two Tier-1 regulators (Highly Trusted), zero Tier-2 regulators (Average Trust), zero Tier-3 regulators (Low Trust), and zero Tier-4 regulators (High-Risk). Trading 212 is authorised by the following Tier-1 regulators: the Financial Conduct Authority (FCA) and regulated in the European Union via the MiFID passporting system.

GKFX is not publicly traded, does not operate a bank, and is authorised by one Tier-1 regulator (Highly Trusted), zero Tier-2 regulators (Trusted), zero Tier-3 regulators (Average Risk), and zero Tier-4 regulators (High Risk). GKFX is authorised by the following Tier-1 regulators: Regulated in the European Union via the MiFID passporting system.

Best known for its mobile trading app, Trading 212 offers an easy-to-use trading platform suite for CFD and share trading, as well as a large variety of forex pairs. However, despite its well-designed platform and wide range of symbols, its lack of advanced trading tools and flat research offerings hamper Trading 212’s bid to be considered a top broker.

GKFX is a MetaTrader-only broker that is only licensed in the EU, via its MFSA-regulated Malta entity, which is why it's Trust Score is lower than other brokers that hold multiple licenses in top-tier regulatory hubs. Otherwise, GKFX does offer competitive pricing on its Prime Plus account, if you can afford the $15,000 deposit.

To open a trading account with Trading 212, you'll need to make an initial minimum deposit of €10.

GKFX requires a minimum deposit of $0 before you can open an account and start trading.

It's important to make sure that your forex broker accepts the funding options and deposit methods that work best for you. Trading 212 offers Visa/Mastercard (Credit/Debit), Bank Wire (Deposit/Withdraw) and PayPal (Deposit/Withdraw) for banking, whereas GKFX provides Visa/Mastercard (Credit/Debit) and Bank Wire (Deposit/Withdraw). Neither have Skrill (Deposit/Withdraw) and Neteller (Deposit/Withdraw).

Comparing the trading costs of forex and CFDs is not easy. Not every broker publishes average spread data, and pricing structures vary. Based on our thorough, data-driven testing of each broker's commissions and fees, we found that Trading 212 offers better pricing overall for traders.

Methodology: When testing each broker's commissions, fees, and pricing, we analyze multiple trade scenarios and award points based on the expansiveness (or inexpensiveness) of the broker's spreads. We then run multiple scenarios for different investor types, incorporating any miscellaneous fees, to determine an "all-in" cost per trade. Learn more about how we test.

At ForexBrokers.com, we track over 110 international regulatory agencies and sort them by tiers (Tier-1, Tier-2, Tier-3, Tier-4, and Tier-5) to help you choose well-regulated, highly trusted forex brokers. Learn more about our proprietary Trust Score rating system. Based on our research on the regulatory status of over 60 brokers, we've found that Trading 212 holds 2 global Tier-1 licenses, while GKFX holds 1. Both Trading 212 and GKFX hold 0 global Tier-2 licenses.

After evaluating each broker based on their number of held licenses, years in business, and a range of other data-driven variables, we've determined that Trading 212 (79) earned a higher Trust Score than GKFX (65).

To compare the trading platforms of both Trading 212 and GKFX, we tested each broker's trading tools, research capabilities, and mobile apps. For trading tools, Trading 212 offers a better experience. With research, GKFX offers superior market research. Finally, we found Trading 212 to provide better mobile trading apps.

Here’s what trading platforms are available at Trading 212:

• Proprietary Platform - Yes
• Web Platform - Yes
• cTrader - No
• DupliTrade - No
• MT4 - No
• MT5 - No
• ZuluTrade - No
• TradingView - No

Here’s what trading platforms are available at GKFX:

• Proprietary Platform - No
• Web Platform - Yes
• cTrader - No
• DupliTrade - No
• MT4 - Yes
• MT5 - Yes
• ZuluTrade - No
• TradingView - No

The MetaTrader trading platform suite is wildly popular among forex and CFD traders across the globe. GKFX offers MetaTrader 4 (MT4), while Trading 212 does not. Forex traders also appreciate the ability to engage in social copy trading. While GKFX offers copy trading, Trading 212 does not.

Trading 212 provides traders 146 currency pairs (e.g., EUR/USD) compared to GKFX's 47 available pairs. If you are interested in trading CFDs, Trading 212 offers traders access to 8025 CFDs, while GKFX offers access to 354 CFDs; so Trading 212 offers 7671 more CFDs than GKFX.

We found in our testing that Trading 212 offers a more diverse selection of investment options than GKFX, allowing you to trade Forex Trading (Spot or CFDs), U.S. Stocks (CFD), Int'l Stock Trading (Non CFD) and Cryptocurrency (Derivative). Neither have Cryptocurrency (Physical) and Spread Betting.