Written by ForexBrokers.com
In this head to head comparison of FinecoBank 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.
When comparing FinecoBank and GBE brokers, it's important to consider their regulatory backgrounds and trust scores as determined by ForexBrokers.com. FinecoBank, founded in 1999, boasts a high level of trust with a Trust Score of 94 out of 99, making it a highly trusted choice for traders. As a publicly traded bank, it is subject to strict oversight, carrying two Tier-1 licenses that further reinforce its credibility. In contrast, GBE brokers, established in 2013, operates with a Trust Score of 71, indicating an average level of risk. While it holds one Tier-1 license, it is not publicly traded nor a bank, which could impact the level of investor confidence.
The distinction between FinecoBank and GBE brokers becomes clearer when considering their respective standings in the financial market. FinecoBank's long history and public trading status provide it with an added layer of security and trust recognized by top licensing authorities. On the other hand, GBE brokers, while having a foundational Tier-1 license, may appeal to those understanding the average risk associated with its operations. Ultimately, the choice between these brokers can depend on an individual's comfort with their trust levels and institutional structures.
| Feature |
FinecoBank
|
GBE brokers
|
|---|---|---|
| Year Founded | 1999 | 2013 |
| Publicly Traded (Listed) | Yes | No |
| Bank | Yes | No |
| Tier-1 Licenses | 2 | 1 |
| Tier-2 Licenses | 0 | 0 |
| Tier-3 Licenses | 0 | 0 |
| Tier-4 Licenses | 0 | 1 |
When comparing FinecoBank and GBE brokers for their commissions and fees, one finds distinct differences. FinecoBank lists a spread of 1 pip for EUR/USD, which is notably higher than the typical spread offered by many forex brokers. Additionally, Fineco reports a spread of 0.8 pips, but it's important to note that neither of these figures is marked as an average, and no date range is specified for these values. Despite some uncertainty, FinecoBank appears to provide lower spreads on index CFDs, yet without average spread data, evaluating its true trading costs remains challenging. FinecoBank holds a 3.5-star rating for commissions and fees and is ranked at #50 out of 62 brokers by ForexBrokers.com.
In contrast, GBE brokers also do not make their average spread data available, leaving traders without a full picture of potential costs. However, GBE brokers are rated slightly better than FinecoBank with a 4-star rating for their commissions and fees. Additionally, they hold a better position, ranking at #36 out of 62 brokers in the same category by ForexBrokers.com. While precise spread data is lacking, the higher star rating and rank might suggest a more favorable cost structure for traders using GBE brokers.
Overall, when choosing between FinecoBank and GBE brokers based on commissions and fees, potential traders might be swayed by GBE's higher rating and better rank despite the absence of specific spread details for both. While FinecoBank has some competitive spreads on index CFDs, the lack of average spread information contributes to difficulties in thoroughly assessing its cost-efficiency.
| Feature |
FinecoBank
|
GBE brokers
|
|---|---|---|
| Minimum Deposit | $0 | $500 |
| Average Spread EUR/USD - Standard | N/A | N/A |
| All-in Cost EUR/USD - Active | N/A | N/A |
| Active Trader or VIP Discounts | No | No |
| ACH or SEPA Transfers | Yes | Yes |
| PayPal (Deposit/Withdraw) | No | Yes |
| Skrill (Deposit/Withdraw) | No | Yes |
| Visa/Mastercard (Credit/Debit) | No | Yes |
| Bank Wire (Deposit/Withdraw) | Yes | Yes |
Dive deeper: Best Low Spread Forex Brokers.
FinecoBank and GBE Brokers both offer opportunities for forex trading through CFDs or spot contracts, but they differ widely when it comes to the range of investments available. FinecoBank provides access to 9,770 tradeable symbols and 54 forex pairs, highlighting a broad array of investment options. Moreover, FinecoBank allows clients to buy actual shares on U.S. and international exchanges, making it possible to own stocks like Apple and Vodafone directly. In contrast, GBE Brokers offers 500 tradeable symbols and a larger selection of 71 forex pairs. However, it does not provide direct access to stocks on U.S. or international exchanges. Notably, though, GBE Brokers supports copy trading and offers cryptocurrency derivatives, adding different dimensions to its offerings.
When evaluating their range of investments, FinecoBank receives a higher rating of 4.5 stars compared to GBE Brokers' 3.5 stars. This is reflected in their respective rankings by ForexBrokers.com, where FinecoBank ranks #16 out of 62 brokers, considerably ahead of GBE Brokers, which stands at #44. These differences underscore FinecoBank's diversified investment opportunities, while GBE Brokers may appeal to traders looking for specific features like copy trading and derivative options. Overall, each broker offers a unique set of advantages depending on investors' priorities and trading strategies.
| Feature |
FinecoBank
|
GBE brokers
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 9770 | 500 |
| Forex Pairs (Total) | 54 | 71 |
| U.S. Stock Trading (Non CFD) | Yes | No |
| Int'l Stock Trading (Non CFD) | Yes | No |
| Social Trading / Copy Trading | No | Yes |
| Cryptocurrency (Physical) | No | No |
| Cryptocurrency (Derivative) | No | 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.
FinecoBank and GBE Brokers offer distinct experiences when it comes to trading platforms and tools, appealing to different types of traders. FinecoBank presents its proprietary platform, accompanied by a Windows-based desktop application and a web-based trading option, highlighting its focus on providing streamlined, in-house technology. However, it lacks a free virtual demo account for simulated trading and features like copy trading or the popular MetaTrader software. Despite these omissions, FinecoBank maintains a strong reputation, earning a solid 4-star rating for its platform and tools, and securing an 18th place ranking among 62 brokers reviewed by ForexBrokers.com.
On the other hand, GBE Brokers offers a wealth of options tailored to traders who prefer flexibility and variety. It offers a Windows-based desktop platform and a browser-based option, adding value with simulated trading via a free virtual demo account. GBE Brokers sets itself apart with support for MetaTrader 4 and 5, attracting traders who prefer these highly regarded platforms. The broker also provides copy trading capabilities and allows trading directly from stock charts, making it user-friendly for strategy-focused traders. GBE Brokers receives a 4-star rating but ranks lower at 57th place, indicating room for improvement despite its comprehensive toolset.
| Feature |
FinecoBank
|
GBE brokers
|
|---|---|---|
| Virtual Trading (Demo) | No | Yes |
| Proprietary Platform | Yes | No |
| Desktop Platform (Windows) | Yes | Yes |
| Web Platform | Yes | Yes |
| Social Trading / Copy Trading | No | Yes |
| MetaTrader 4 (MT4) | No | Yes |
| MetaTrader 5 (MT5) | No | Yes |
| DupliTrade | No | No |
| ZuluTrade | No | No |
| Charting - Indicators / Studies (Total) | 37 | 30 |
| Charting - Drawing Tools (Total) | 7 | 15 |
| Charting - Trade From Chart | No | Yes |
| Watchlists - Total Fields | N/A | 7 |
Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.
Both FinecoBank and GBE brokers offer convenient trading apps for iPhone and Android users, providing essential tools for mobile trading. They both support stock and forex price alerts, allowing traders to stay informed on market movements. However, neither app supports watchlist symbol syncing, which means any changes made in the mobile app won't automatically reflect in the online account watchlist. FinecoBank's app includes six technical studies, while GBE brokers offers a wider array of 30 studies, giving traders more analytical options. Additionally, while GBE brokers allow users to draw trendlines and auto-save those drawings on their charts, FinecoBank does not provide these features. Both apps let users view multiple time frames on stock or forex charts.
GBE brokers distinguishes itself by enabling the creation of watchlists with real-time quotes, a feature which FinecoBank lacks. In terms of rating, both apps achieve a strong rating of 4 out of 5 stars for mobile trading applications. However, in rankings by ForexBrokers.com, FinecoBank is positioned at #42, while GBE brokers is ranked at #57 among 62 brokers. This comparison suggests that while both apps cater well to traders' needs, their features and user experiences vary, allowing users to select based on personal convenience and feature preferences.
| Feature |
FinecoBank
|
GBE brokers
|
|---|---|---|
| Android App | Yes | Yes |
| Apple iOS App | Yes | Yes |
| Mobile Alerts - Basic Fields | Yes | Yes |
| Watchlist Syncing | No | No |
| Mobile Charting - Indicators / Studies | 6 | 30 |
| Mobile Charting - Draw Trendlines | No | Yes |
| Mobile Charting - Multiple Time Frames | Yes | Yes |
| Mobile Charting - Drawings Autosave | No | Yes |
| Mobile Watchlist | No | Yes |
Dive deeper: Best Forex Trading Apps.
FinecoBank and GBE Brokers each offer unique features for market research, catering to diverse trading needs. FinecoBank provides traders with access to forex news from top-tier sources like Bloomberg and Reuters, ensuring that users are well-informed with reliable updates. In contrast, GBE Brokers delivers consistent daily market commentary, offering fresh insights into market movements that may benefit those seeking more regular updates. Both brokers, however, share common ground in providing economic calendars, helping traders track global news events and potentially influencing their trading decisions.
While neither broker offers technical analysis tools from Autochartist or Trading Central, they each have distinct advantages in other areas. GBE Brokers distinguishes itself by offering a sentiment-based trading tool, showcasing the market's long or short positions across different instruments—an insightful feature that aids in understanding market sentiment. Despite these offerings, FinecoBank receives a higher research rating of 4 stars compared to GBE Brokers' 3 stars, and it secures a better rank, placing 33rd out of 62 brokers in the research category according to ForexBrokers.com, while GBE Brokers ranks 61st.
| Feature |
FinecoBank
|
GBE brokers
|
|---|---|---|
| Daily Market Commentary | No | Yes |
| Forex News (Top-Tier Sources) | Yes | No |
| Autochartist | No | No |
| Trading Central (Recognia) | No | No |
| Social Sentiment - Currency Pairs | No | Yes |
| TipRanks | No | 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 trading beginners, FinecoBank offers more options than GBE brokers. FinecoBank conducts monthly online educational webinars, providing learners with regular opportunities to gain insights from experts. Additionally, FinecoBank supplies a series of beginner-focused educational videos to help newcomers understand trading concepts more effectively. For those looking to get familiar with industry terminology, FinecoBank also features an investor dictionary covering over 50 investing terms. These resources contribute to FinecoBank's four-star rating in education and place it at rank 49 out of 62 brokers.
On the other hand, GBE brokers fall short in several educational areas. Unlike FinecoBank, GBE brokers do not offer regular webinars or a collection of beginner educational videos to aid novice traders. Moreover, they lack an investor dictionary, which could be a valuable tool for those new to the financial world. GBE brokers' limited educational resources result in a three-star education rating and the lowest rank, 62 out of 62 brokers, according to ForexBrokers.com. Overall, FinecoBank provides more comprehensive educational support for beginners compared to GBE brokers.
| Feature |
FinecoBank
|
GBE brokers
|
|---|---|---|
| Education (Forex or CFDs) | No | No |
| Client Webinars | Yes | No |
| Client Webinars (Archived) | No | No |
| Videos - Beginner Trading Videos | Yes | No |
| Videos - Advanced Trading Videos | No | 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 FinecoBank is better than GBE brokers. FinecoBank finished with an overall rank of #25, while GBE brokers finished with an overall rank of #56.
FinecoBank is a trusted multi-asset broker offering forex and CFDs across its brands regulated in the U.K. and Italy. However, unless you visit a physical branch as a citizen of the EU – or you are a resident of Italy or the U.K. – you will not be permitted to open an online account with FinecoBank.
| Feature |
FinecoBank
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GBE brokers
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|---|---|---|
| Overall Rating |
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| Trust Score | 94 | 71 |
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Comparing online brokers, FinecoBank does not provide the option to purchase actual cryptocurrency or cryptocurrency derivatives, whereas GBE brokers do not offer actual cryptocurrency purchases but do provide an option to buy cryptocurrency derivatives.
When comparing FinecoBank and GBE brokers in terms of deposit and withdrawal options, both offer ACH or SEPA transfers and bank wires; however, GBE brokers additionally supports more flexible options such as PayPal, Skrill, and card payments via Visa or Mastercard, unlike FinecoBank.
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 | FinecoBank | GBE brokers | |
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| Trust Score | 94 | 71 | |
| Winner | check_circle | ||
| Review | FinecoBank Review |
| Broker Screenshots | FinecoBank | GBE brokers | |
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| Regulation | FinecoBank | GBE brokers | |
|---|---|---|---|
| Trust Score | 94 | 71 | |
| Year Founded | 1999 | 2013 | |
| Publicly Traded (Listed) | Yes | No | |
| Bank | Yes | No | |
| Regulated in one or more EU or EEA countries (MiFID). | Yes | Yes | |
| Tier-1 Licenses | 2 | 1 | |
| Tier-2 Licenses | 0 | 0 | |
| Tier-3 Licenses | 0 | 0 | |
| Tier-4 Licenses | 0 | 1 |
| Tier-1 Licenses (Highly Trusted) | FinecoBank | 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) | FinecoBank | 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 | FinecoBank | GBE brokers | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 9770 | 500 | |
| Forex Pairs (Total) | 54 | 71 | |
| U.S. Stock Trading (Non CFD) | Yes | No | |
| Int'l Stock Trading (Non CFD) | Yes | No | |
| Social Trading / Copy Trading | No | Yes | |
| Cryptocurrency (Physical) | No | No | |
| Cryptocurrency (Derivative) | No | 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 | FinecoBank | GBE brokers | |
|---|---|---|---|
| Average Spread EUR/USD - Standard | N/A | N/A | |
| All-in Cost EUR/USD - Active | N/A | N/A | |
| Active Trader or VIP Discounts | No | No | |
| Inactivity Fee | No | No | |
| Execution: Agency Broker | No | No | |
| Execution: Market Maker | No | Yes |
| Funding | FinecoBank | GBE brokers | |
|---|---|---|---|
| Minimum Deposit | $0 | $500 | |
| PayPal (Deposit/Withdraw) | No | Yes | |
| Skrill (Deposit/Withdraw) | No | Yes | |
| Visa/Mastercard (Credit/Debit) | No | Yes | |
| Bank Wire (Deposit/Withdraw) | Yes | Yes | |
| ACH or SEPA Transfers | Yes | Yes |
| Trading Platforms | FinecoBank | GBE brokers | |
|---|---|---|---|
| Proprietary Platform | Yes | No | |
| Desktop Platform (Windows) | Yes | Yes | |
| Web Platform | Yes | Yes | |
| Social Trading / Copy Trading | No | Yes | |
| MetaTrader 4 (MT4) | No | Yes | |
| MetaTrader 5 (MT5) | No | Yes | |
| cTrader | No | No | |
| DupliTrade | No | No | |
| ZuluTrade | No | No |
| Trading Tools | FinecoBank | GBE brokers | |
|---|---|---|---|
| Virtual Trading (Demo) | No | Yes | |
| Alerts - Basic Fields | No | Yes | |
| Watchlists - Total Fields | N/A | 7 | |
| Charting - Indicators / Studies (Total) | 37 | 30 | |
| Charting - Drawing Tools (Total) | 7 | 15 | |
| Charting - Trade From Chart | No | Yes | |
| Charts can be saved | Yes | Yes |
| Mobile Trading | FinecoBank | GBE brokers | |
|---|---|---|---|
| Android App | Yes | Yes | |
| Apple iOS App | Yes | Yes | |
| Mobile Alerts - Basic Fields | Yes | Yes | |
| Mobile Watchlist | No | Yes | |
| Watchlist Syncing | No | No | |
| Mobile Charting - Indicators / Studies | 6 | 30 | |
| Mobile Charting - Draw Trendlines | No | Yes | |
| Mobile Charting - Multiple Time Frames | Yes | Yes | |
| Mobile Charting - Drawings Autosave | No | Yes | |
| Mobile Economic Calendar | Yes | Yes |
| Research | FinecoBank | GBE brokers | |
|---|---|---|---|
| Daily Market Commentary | No | Yes | |
| Forex News (Top-Tier Sources) | Yes | No | |
| Autochartist | No | No | |
| Trading Central (Recognia) | No | No | |
| TipRanks | No | No | |
| Social Sentiment - Currency Pairs | No | Yes | |
| Economic Calendar | Yes | Yes |
| Education | FinecoBank | GBE brokers | |
|---|---|---|---|
| Education (Forex or CFDs) | No | No | |
| Client Webinars | Yes | No | |
| Client Webinars (Archived) | No | No | |
| Videos - Beginner Trading Videos | Yes | No | |
| Videos - Advanced Trading Videos | No | No | |
| Investor Dictionary (Glossary) | Yes | No |
| Major Forex Pairs | FinecoBank | 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 | FinecoBank Review |
| Overall | FinecoBank | GBE brokers | |
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| Trust Score | 94 | 71 | |
| Winner | check_circle | ||
| Review | FinecoBank Review |
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