Written by ForexBrokers.com
In this head to head comparison of eToro vs GBE brokers, we will compare the trading platforms, mobile apps, range of investments, costs, market research, and more. Let's dive in.
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 51% and 89% of retail investor accounts lose money when trading CFDs. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
eToro and GBE brokers offer online trading services but differ significantly in their regulatory status and trust ratings. Founded in 2007, eToro holds three Tier-1 licenses and one Tier-2 license, earning it a high Trust Score of 93 out of 99, which indicates it is highly trusted. Despite not being publicly traded or a bank, this extensive regulatory approval enhances eToro's reputation in the eyes of traders seeking a reliable platform.
In contrast, GBE brokers, established in 2013, possess one Tier-1 license and do not hold any Tier-2 licenses. This results in a Trust Score of 71, placing it at an average risk level according to ForexBrokers.com. While neither GBE brokers nor eToro are listed on stock exchanges or operate as banks, their regulatory and trust score differences provide potential users with insight into which platform may align with their risk preferences and needs.
| Feature |
eToro
|
GBE brokers
|
|---|---|---|
| Year Founded | 2007 | 2013 |
| Publicly Traded (Listed) | No | No |
| Bank | No | No |
| Tier-1 Licenses | 3 | 1 |
| Tier-2 Licenses | 1 | 0 |
| Tier-3 Licenses | 0 | 0 |
| Tier-4 Licenses | 1 | 1 |
eToro is known for its social copy trading platform, rather than its competitive trading fees. It operates as a market-maker broker with a typical variable spread of 1 pip on the EUR/USD, which is slightly above the industry standard. In contrast, details regarding average spreads for GBE brokers are not available. However, eToro's distinct advantage arises from its tiered VIP club which offers several benefits including access to Trading Central, reduced withdrawal and deposit fees, and a dedicated account manager, catering to traders with account balances from $5,000 to $250,000.
When considering commissions and fees, eToro shines with a 4.5-star rating, placing it 22nd out of 62 brokers in this category, according to ForexBrokers.com. This reflects favorably upon the value of their unique offerings beyond typical spreads. Meanwhile, GBE brokers receive a 4-star rating and hold the 36th position in the same ranking. Although GBE brokers lack available average spread data, their solid rating demonstrates a competitive stance within the industry.
| Feature |
eToro
|
GBE brokers
|
|---|---|---|
| Minimum Deposit | $50-$10,000 | $500 |
| Average Spread EUR/USD - Standard | 1 | N/A |
| All-in Cost EUR/USD - Active | N/A | N/A |
| Active Trader or VIP Discounts | Yes | No |
| ACH or SEPA Transfers | Yes | Yes |
| PayPal (Deposit/Withdraw) | Yes | Yes |
| Skrill (Deposit/Withdraw) | Yes | Yes |
| Visa/Mastercard (Credit/Debit) | Yes | Yes |
| Bank Wire (Deposit/Withdraw) | Yes | Yes |
Dive deeper: Best Low Spread Forex Brokers.
When considering the range of investment options, both eToro and GBE Brokers offer forex trading as a CFD or spot contract. However, the breadth of available financial instruments sets them apart. eToro boasts an impressive 5,461 tradeable symbols, significantly outshining GBE Brokers, which offers only 500. While GBE Brokers provides a higher number of tradeable forex pairs at 71 compared to eToro's 55, eToro expands investment possibilities into exchange-traded securities on U.S. and international exchanges. This allows users to invest directly in companies like Apple and Vodafone, a feature not available with GBE Brokers. Additionally, eToro enables users to purchase actual cryptocurrency, enhancing its appeal to crypto investors, whereas GBE Brokers provides only cryptocurrency derivatives.
Both platforms offer copy trading, simplifying the investment process for those interested in following expert traders. In terms of overall range of investments, eToro is rated 5 stars and ranks #10 out of 62 brokers according to ForexBrokers.com. In contrast, GBE Brokers holds a 3.5-star rating and is placed at #44. These distinctions highlight eToro's more extensive offering and greater appeal to a broader range of investors seeking diversity in their trading activities.
| Feature |
eToro
|
GBE brokers
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 5461 | 500 |
| Forex Pairs (Total) | 55 | 71 |
| U.S. Stock Trading (Non CFD) | Yes | No |
| Int'l Stock Trading (Non CFD) | Yes | No |
| Social Trading / Copy Trading | Yes | Yes |
| Cryptocurrency (Physical) | Yes | No |
| Cryptocurrency (Derivative) | Yes | Yes |
| Disclaimers | Note: Crypto CFDs are not available to retail traders from any broker's U.K. entity, nor to U.K. residents (except to Professional clients). | Note: Crypto CFDs are not available to retail traders from any broker's U.K. entity, nor to U.K. residents (except to Professional clients). |
Dive deeper: Best Copy Trading Platforms.
When comparing eToro to GBE brokers, both platforms offer free demo accounts, allowing users to practice trading without financial risk. eToro stands out with its proprietary, web-based platform designed for intuitive navigation, making it accessible for users who prefer online engagement. In contrast, GBE brokers provide a Windows-based desktop download option offering a solid alternative for those favoring traditional software. Both platforms support copy trading, providing an opportunity to mimic successful investors, but eToro lacks the MetaTrader 4 and 5 compatibility found at GBE brokers, which might appeal to those leaning toward these well-established tools.
For charting capabilities, eToro offers an impressive 161 drawing tools, significantly higher than GBE brokers' 15. On the other hand, GBE brokers allow trading directly from a stock chart, enhancing operational efficiency that eToro does not provide. In terms of organization, eToro offers six columns for watch lists, while GBE brokers provide seven, adding slightly more depth to their listings. Overall, eToro has a trading platform and tools rating of 4.5 stars, placing it eighth among 62 brokers. GBE brokers, though still strong, are rated at four stars, coming in at 57th. These ratings suggest eToro has a slight edge in platform appeal and capability, especially for users valuing a comprehensive suite of online tools.
| Feature |
eToro
|
GBE brokers
|
|---|---|---|
| Virtual Trading (Demo) | Yes | Yes |
| Proprietary Platform | Yes | No |
| Desktop Platform (Windows) | No | Yes |
| Web Platform | Yes | Yes |
| Social Trading / Copy Trading | Yes | Yes |
| MetaTrader 4 (MT4) | No | Yes |
| MetaTrader 5 (MT5) | No | Yes |
| DupliTrade | No | No |
| ZuluTrade | No | No |
| Charting - Indicators / Studies (Total) | 104 | 30 |
| Charting - Drawing Tools (Total) | 161 | 15 |
| Charting - Trade From Chart | No | Yes |
| Watchlists - Total Fields | 6 | 7 |
Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.
Both eToro and GBE Brokers cater to traders on the go with mobile apps available for iPhone and Android, delivering stock and forex price alerts to their users. However, when it comes to connectivity between the mobile app and the client's online account, eToro takes the lead by offering watchlist symbol syncing, a feature absent from GBE Brokers. For traders who rely on technical analysis, eToro’s app provides 104 technical studies, far outstripping GBE Brokers' offering of just 30. On the other hand, GBE Brokers gives users the ability to draw trendlines on charts, which eToro does not support. Additionally, GBE Brokers' app automatically saves chart drawings, enhancing user convenience—a feature not available with eToro. Both platforms allow users to view multiple time frames and create watchlists with real-time quotes.
When comparing user satisfaction, eToro edges out GBE Brokers with a 4.5-star rating versus 4 stars for the latter. Reflecting these ratings, eToro is ranked #11 out of 62 brokers in the Mobile Trading Apps category by ForexBrokers.com, while GBE Brokers falls lower on the list at #57. Whether you prioritize interconnected devices or comprehensive technical studies, each app offers unique features to meet the needs of different traders.
| Feature |
eToro
|
GBE brokers
|
|---|---|---|
| Android App | Yes | Yes |
| Apple iOS App | Yes | Yes |
| Mobile Alerts - Basic Fields | Yes | Yes |
| Watchlist Syncing | Yes | No |
| Mobile Charting - Indicators / Studies | 104 | 30 |
| Mobile Charting - Draw Trendlines | No | Yes |
| Mobile Charting - Multiple Time Frames | Yes | Yes |
| Mobile Charting - Drawings Autosave | No | Yes |
| Mobile Watchlist | Yes | Yes |
Dive deeper: Best Forex Trading Apps.
When comparing eToro and GBE brokers for market research, both platforms offer daily market commentary and convenient economic calendars to keep users informed about global news events. However, eToro shines by offering additional resources such as Trading Central tools, a sentiment-based trading tool, and market research from TipRanks, which are not provided by GBE brokers. Although neither broker offers forex news from leading sources like Bloomberg or technical tools from Autochartist, eToro edges out GBE brokers with its more comprehensive research tools.
In terms of ratings, eToro stands out with a commendable 4.5-star rating for research, ranking it 13th out of 62 brokers on ForexBrokers.com. GBE brokers, on the other hand, has a lower 3-star rating and ranks 61st. This considerable difference highlights eToro's stronger research capabilities, making it a preferred choice for traders looking for in-depth market insights and tools.
| Feature |
eToro
|
GBE brokers
|
|---|---|---|
| Daily Market Commentary | Yes | Yes |
| Forex News (Top-Tier Sources) | No | No |
| Autochartist | No | No |
| Trading Central (Recognia) | Yes | No |
| Social Sentiment - Currency Pairs | Yes | Yes |
| TipRanks | Yes | No |
| Signal Centre (Acuity Trading) | No | No |
| Economic Calendar | Yes | Yes |
Dive deeper: Best Brokers for Forex Research.
When it comes to educational resources for beginners, eToro stands out with a comprehensive range of offerings, making it a top choice for novice traders. eToro provides more than 10 educational pieces focused on forex and CFDs, ensuring that beginners have ample material to kickstart their trading journey. Additionally, eToro hosts at least one online educational webinar each month and maintains a searchable archive of recorded webinars, making it easy for users to access a wealth of information at their convenience. Beginners can also benefit from over 10 educational videos specifically designed for them, as well as more advanced content for seasoned traders. To further support learners, eToro offers a detailed investor dictionary with over 50 investment terms explained, cementing its reputation as a user-friendly platform for learning the ins and outs of trading. All these features contribute to eToro's high education rating of 4.5 stars and rank it 5th out of 62 brokers by ForexBrokers.com.
In contrast, GBE Brokers falls short in providing beginners with an impactful educational experience. GBE Brokers does not meet the threshold of offering 10 educational pieces on forex or CFDs, nor does it host monthly client webinars or maintain archives of such sessions, limiting novice traders from accessing regular and structured learning opportunities. The broker also lacks a series of beginner-focused videos and does not provide advanced educational materials for those looking to deepen their knowledge. Additionally, there is no investment dictionary available for users to easily grasp essential trading terms. These gaps in educational resources are reflected in GBE Brokers' education rating of 3 stars and a rank of 62nd out of 62 brokers on ForexBrokers.com, indicating that those looking for a strong educational foundation might find better support elsewhere.
| Feature |
eToro
|
GBE brokers
|
|---|---|---|
| Education (Forex or CFDs) | Yes | No |
| Client Webinars | Yes | No |
| Client Webinars (Archived) | Yes | No |
| Videos - Beginner Trading Videos | Yes | No |
| Videos - Advanced Trading Videos | Yes | No |
| Investor Dictionary (Glossary) | Yes | No |
Dive deeper: Best Forex Brokers for Beginners.
After testing 62 of the best forex brokers, our research and account testing finds that eToro is better than GBE brokers. eToro finished with an overall rank of #9, while GBE brokers finished with an overall rank of #56.
eToro is a winner for its easy-to-use copy-trading platform, where traders can copy the trades of experienced investors – or receive exclusive perks for sharing their own trading strategies.
| Feature |
eToro
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GBE brokers
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| Overall Rating |
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| Trust Score | 93 | 71 |
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Both eToro and GBE Brokers provide the option to trade cryptocurrency derivatives, but only eToro allows investors to purchase actual cryptocurrencies, offering a broader range of crypto trading capabilities than GBE Brokers.
Both eToro and GBE brokers provide a wide range of fund deposit and withdrawal options, including ACH or SEPA transfers, PayPal, Skrill, Visa or Mastercard, and bank wires.
Please note:
We review each broker’s overall global offering – a “Yes” checkmark in our Compare Tool does not guarantee the availability of any specific features in your country of residence. To verify the availability of any features within your country of residence, please contact the broker directly.
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0 of 5| Overall Rating | eToro | GBE brokers | |
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| Trust Score | 93 | 71 | |
| Winner | check_circle | ||
| Review | eToro Review |
| Broker Screenshots | eToro | GBE brokers | |
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| Regulation | eToro | GBE brokers | |
|---|---|---|---|
| Trust Score | 93 | 71 | |
| Year Founded | 2007 | 2013 | |
| Publicly Traded (Listed) | No | No | |
| Bank | No | No | |
| Regulated in one or more EU or EEA countries (MiFID). | Yes | Yes | |
| Tier-1 Licenses | 3 | 1 | |
| Tier-2 Licenses | 1 | 0 | |
| Tier-3 Licenses | 0 | 0 | |
| Tier-4 Licenses | 1 | 1 |
| Tier-1 Licenses (Highly Trusted) | eToro | GBE brokers | |
|---|---|---|---|
| Australia (ASIC Authorised) | Yes | No | |
| Canada (CIRO Authorised) | No | No | |
| Hong Kong (SFC Authorised) | No | No | |
| Japan (SFC Authorised) | No | No | |
| Singapore (MAS Authorised) | No | No | |
| Switzerland (FINMA Authorised) | No | No | |
| United Kingdom (U.K.) (FCA Authorised) | Yes | No | |
| USA (CFTC Authorized) | No | No | |
| New Zealand (FMA Authorised) | No | No | |
| Regulated in one or more EU or EEA countries (MiFID). | Yes | Yes |
| Tier-2 Licenses (Trusted) | eToro | GBE brokers | |
|---|---|---|---|
| Kenya (CMA Authorised) | No | No | |
| Israel (ISA Authorised) | No | No | |
| South Africa (FSCA Authorised) | No | No | |
| UAE (DFSA/Central Bank Authorised) | No | No | |
| India (SEBI Authorised) | No | No | |
| Jordan (JSC Authorised) | No | No |
| Investments | eToro | GBE brokers | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 5461 | 500 | |
| Forex Pairs (Total) | 55 | 71 | |
| U.S. Stock Trading (Non CFD) | Yes | No | |
| Int'l Stock Trading (Non CFD) | Yes | No | |
| Social Trading / Copy Trading | Yes | Yes | |
| Cryptocurrency (Physical) | Yes | No | |
| Cryptocurrency (Derivative) | Yes | Yes | |
| Disclaimers | Note: Crypto CFDs are not available to retail traders from any broker's U.K. entity, nor to U.K. residents (except to Professional clients). | Note: Crypto CFDs are not available to retail traders from any broker's U.K. entity, nor to U.K. residents (except to Professional clients). |
| Cost | eToro | GBE brokers | |
|---|---|---|---|
| Average Spread EUR/USD - Standard | 1 | N/A | |
| All-in Cost EUR/USD - Active | N/A | N/A | |
| Active Trader or VIP Discounts | Yes | No | |
| Inactivity Fee | Yes | No | |
| Execution: Agency Broker | Yes | No | |
| Execution: Market Maker | Yes | Yes |
| Funding | eToro | GBE brokers | |
|---|---|---|---|
| Minimum Deposit | $50-$10,000 | $500 | |
| PayPal (Deposit/Withdraw) | Yes | Yes | |
| Skrill (Deposit/Withdraw) | Yes | Yes | |
| Visa/Mastercard (Credit/Debit) | Yes | Yes | |
| Bank Wire (Deposit/Withdraw) | Yes | Yes | |
| ACH or SEPA Transfers | Yes | Yes |
| Trading Platforms | eToro | GBE brokers | |
|---|---|---|---|
| Proprietary Platform | Yes | No | |
| Desktop Platform (Windows) | No | Yes | |
| Web Platform | Yes | Yes | |
| Social Trading / Copy Trading | Yes | Yes | |
| MetaTrader 4 (MT4) | No | Yes | |
| MetaTrader 5 (MT5) | No | Yes | |
| cTrader | No | No | |
| DupliTrade | No | No | |
| ZuluTrade | No | No |
| Trading Tools | eToro | GBE brokers | |
|---|---|---|---|
| Virtual Trading (Demo) | Yes | Yes | |
| Alerts - Basic Fields | Yes | Yes | |
| Watchlists - Total Fields | 6 | 7 | |
| Charting - Indicators / Studies (Total) | 104 | 30 | |
| Charting - Drawing Tools (Total) | 161 | 15 | |
| Charting - Trade From Chart | No | Yes | |
| Charts can be saved | Yes | Yes |
| Mobile Trading | eToro | GBE brokers | |
|---|---|---|---|
| Android App | Yes | Yes | |
| Apple iOS App | Yes | Yes | |
| Mobile Alerts - Basic Fields | Yes | Yes | |
| Mobile Watchlist | Yes | Yes | |
| Watchlist Syncing | Yes | No | |
| Mobile Charting - Indicators / Studies | 104 | 30 | |
| Mobile Charting - Draw Trendlines | No | Yes | |
| Mobile Charting - Multiple Time Frames | Yes | Yes | |
| Mobile Charting - Drawings Autosave | No | Yes | |
| Mobile Economic Calendar | No | Yes |
| Research | eToro | GBE brokers | |
|---|---|---|---|
| Daily Market Commentary | Yes | Yes | |
| Forex News (Top-Tier Sources) | No | No | |
| Autochartist | No | No | |
| Trading Central (Recognia) | Yes | No | |
| TipRanks | Yes | No | |
| Social Sentiment - Currency Pairs | Yes | Yes | |
| Economic Calendar | Yes | Yes |
| Education | eToro | GBE brokers | |
|---|---|---|---|
| Education (Forex or CFDs) | Yes | No | |
| Client Webinars | Yes | No | |
| Client Webinars (Archived) | Yes | No | |
| Videos - Beginner Trading Videos | Yes | No | |
| Videos - Advanced Trading Videos | Yes | No | |
| Investor Dictionary (Glossary) | Yes | No |
| Major Forex Pairs | eToro | GBE brokers | |
|---|---|---|---|
| GBP/USD | Yes | Yes | |
| USD/JPY | Yes | Yes | |
| EUR/USD | Yes | Yes | |
| USD/CHF | Yes | Yes | |
| USD/CAD | Yes | Yes | |
| NZD/USD | Yes | Yes | |
| AUD/USD | Yes | Yes | |
| Review | eToro Review |
| Overall | eToro | GBE brokers | |
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| Trust Score | 93 | 71 | |
| Winner | check_circle | ||
| Review | eToro Review |
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