GKFX vs Vestle 2024

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.

Vestle is not publicly traded and does not operate a bank. Vestle is authorised by two Tier-1 regulators (highly trusted), zero Tier-2 regulators (trusted), zero Tier-3 regulators (average risk), and one Tier-4 regulator (high risk). Vestle is authorised by the following Tier-1 regulators: Financial Conduct Authority (FCA) and regulated in the European Union via the MiFID passporting system.

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.

Vestle is operated by a long-standing company, previously known as iForex, with regulatory status in a growing number of jurisdictions, offering forex and CFDs through its proprietary platform. The biggest drawback is the lack of markets you can trade with fewer than 200, compared to the best multi asset forex and CFD brokers.

To open a trading account with GKFX, you'll need to make an initial minimum deposit of $0.

Vestle requires a minimum deposit of -1 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. GKFX offers Visa/Mastercard (Credit/Debit) and Bank Wire (Deposit/Withdraw) for banking, whereas Vestle provides Visa/Mastercard (Credit/Debit), Bank Wire (Deposit/Withdraw), PayPal (Deposit/Withdraw), 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 GKFX 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 Vestle holds 2 global Tier-1 licenses, while GKFX holds 1. Both GKFX and Vestle 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 Vestle (78) earned a higher Trust Score than GKFX (65).

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

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

Here’s what trading platforms are available at Vestle:

• Proprietary Platform - Yes
• Web Platform - Yes
• cTrader - No
• DupliTrade - No
• MT4 - No
• MT5 - No
• 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 Vestle does not. Forex traders also appreciate the ability to engage in social copy trading. While GKFX offers copy trading, Vestle does not.

Vestle provides traders 88 currency pairs (e.g., EUR/USD) compared to GKFX's 47 available pairs. If you are interested in trading CFDs, Vestle offers traders access to 750 CFDs, while GKFX offers access to 354 CFDs; so Vestle offers 396 more CFDs than GKFX.

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