Written by ForexBrokers.com
In this head to head comparison of FP Markets 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.
FP Markets, established in 2005, stands as a well-regarded choice in the online trading landscape. With a Trust Score of 89 from ForexBrokers.com, it is considered a trusted option for traders. The company holds two Tier-1 licenses and one Tier-2 license, signifying a strong regulatory foundation. Although not publicly traded or a banking institution, FP Markets' regulatory credentials cater to traders looking for reliable partners in the financial world.
GBE Brokers, founded in 2013, offers a different profile with a ForexBrokers.com Trust Score of 71, placing it in the average risk category. Holding one Tier-1 license and no Tier-2 licenses, GBE Brokers provides an option for those who prioritize different features in a broker. Similar to FP Markets, it is neither a publicly traded company nor a bank. Both brokers offer unique advantages, making them suitable for various investor needs and preferences.
| Feature |
FP Markets
|
GBE brokers
|
|---|---|---|
| Year Founded | 2005 | 2013 |
| Publicly Traded (Listed) | No | No |
| Bank | No | No |
| Tier-1 Licenses | 2 | 1 |
| Tier-2 Licenses | 1 | 0 |
| Tier-3 Licenses | 0 | 0 |
| Tier-4 Licenses | 1 | 1 |
When comparing the costs associated with using online brokers FP Markets and GBE Brokers, FP Markets stands out for its competitive pricing, particularly through its commission-based ECN account options. FP Markets offers a Raw ECN account with an average spread of 0.1 pips as of October 2023, translating to 0.8 pips all-in when factoring in the commission, compared to higher spreads in their Standard accounts. Their Iress suite offers multiple account types with varying deposit requirements but comes with additional costs unless high-commission thresholds are met. GBE Brokers, on the other hand, does not provide specific data on average spreads, which might make it challenging to precisely compare their fees.
FP Markets has been recognized with Best in Class honors for Commissions and Fees in the 2024 Annual Awards and has received a 5-star rating. It ranks 6th out of 62 brokers in the Commissions and Fees category according to ForexBrokers.com. While GBE Brokers holds a 4-star rating, it is ranked 37th out of the same 62 brokers for the same category. This indicates FP Markets as the more cost-effective option for traders prioritizing low commissions and fees.
Those looking for greater cost transparency might be drawn to FP Markets, especially for those interested in its Iress DMA offering, despite it being geared towards high-balance, active traders. In contrast, GBE Brokers' lack of detailed average spread data might be a consideration when weighing overall brokerage expenses. Overall, FP Markets emerges as a favorable option for cost-conscious traders who value detailed and competitive pricing structures.
| Feature |
FP Markets
|
GBE brokers
|
|---|---|---|
| Minimum Deposit | $100 AUD | $500 |
| Average Spread EUR/USD - Standard | 1.2 | N/A |
| All-in Cost EUR/USD - Active | 0.7 | N/A |
| Active Trader or VIP Discounts | Yes | No |
| ACH or SEPA Transfers | No | 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 it comes to the variety of investments available, FP Markets distinguishes itself by offering a remarkable 10,000 tradeable symbols compared to GBE Brokers' 500. Both platforms provide the same number of forex pairs, with 71 options for traders. However, neither FP Markets nor GBE Brokers offers the option to trade exchange-listed securities on U.S. or international markets, meaning investors looking to buy stocks like Apple or Vodafone will have to explore alternative platforms. On the cryptocurrency front, both brokers provide access to cryptocurrency derivatives but lack the feature to purchase actual cryptocurrencies.
FP Markets and GBE Brokers both provide copy trading, catering to investors who prefer mirroring the trades of seasoned professionals. Beyond similarities, FP Markets stands out with its higher rating, boasting 4.5 stars for its range of investments, compared to GBE Brokers’ 3.5 stars. The rankings further favor FP Markets, which holds the 18th position out of 62 brokers, whereas GBE Brokers is in the 44th spot according to ForexBrokers.com. This makes FP Markets a more attractive choice for traders who value a broad spectrum of investment options.
| Feature |
FP Markets
|
GBE brokers
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 10000 | 500 |
| Forex Pairs (Total) | 71 | 71 |
| U.S. Stock Trading (Non CFD) | No | No |
| Int'l Stock Trading (Non CFD) | No | No |
| Social Trading / Copy Trading | Yes | Yes |
| Cryptocurrency (Physical) | No | 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 FP Markets and GBE brokers' trading platforms and tools, both offer comprehensive features, making them viable choices for traders. FP Markets provides a proprietary trading platform developed in-house, while both brokers support MetaTrader 4 (MT4) and MetaTrader 5 (MT5) environments, catering to diverse trading preferences. Each broker also supports a Windows-based desktop platform, a web-based trading platform, and the option for copy trading. For those testing strategies risk-free, both FP Markets and GBE brokers offer free virtual demo accounts for simulated trading.
In terms of specific charting tools and user experience, FP Markets offers slightly more drawing tools with 17 compared to GBE brokers' 15, although both allow trading directly from stock charts. Both brokers provide well-defined watch lists with 7 adjustable columns. While neither offers ZuluTrade or DupliTrade, FP Markets stands out with a higher ranking from ForexBrokers.com, placed at #23 compared to GBE brokers at #57, despite both receiving an overall rating of 4 stars for their trading platforms and tools. This might suggest a more refined experience for users opting for FP Markets.
| Feature |
FP Markets
|
GBE brokers
|
|---|---|---|
| Virtual Trading (Demo) | Yes | Yes |
| Proprietary Platform | Yes | No |
| Desktop Platform (Windows) | Yes | Yes |
| Web Platform | Yes | Yes |
| Social Trading / Copy Trading | Yes | Yes |
| MetaTrader 4 (MT4) | Yes | Yes |
| MetaTrader 5 (MT5) | Yes | Yes |
| DupliTrade | No | No |
| ZuluTrade | No | No |
| Charting - Indicators / Studies (Total) | 30 | 30 |
| Charting - Drawing Tools (Total) | 17 | 15 |
| Charting - Trade From Chart | Yes | Yes |
| Watchlists - Total Fields | 7 | 7 |
Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.
Both FP Markets and GBE Brokers offer comprehensive mobile trading apps compatible with iPhone and Android devices. Traders can set up stock and forex price alerts using either app, ensuring they never miss a significant market event. While neither provider supports watchlist symbol syncing, both apps allow users to maintain a watchlist with real-time quotes. Drawing tools and the ability to view multiple time frames are available on both platforms, making chart analysis convenient for traders on the go. However, there is a difference in charting features: FP Markets offers the default MetaTrader for technical studies, whereas GBE Brokers provides access to 30 different technical studies.
In terms of app performance, FP Markets and GBE Brokers both score a solid 4 out of 5 stars for their mobile trading platforms. Yet, a deeper dive into rankings suggests FP Markets holds a competitive edge, securing the 18th spot out of 62 brokers in the Mobile Trading Apps category according to ForexBrokers.com. On the other hand, GBE Brokers is ranked at #57. This distinction suggests FP Markets might offer a slightly more refined user experience or additional features that appeal to mobile traders, which could be an important consideration for prospective users evaluating their options.
| Feature |
FP Markets
|
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 | MetaTrader (Default) | 30 |
| Mobile Charting - Draw Trendlines | Yes | Yes |
| Mobile Charting - Multiple Time Frames | Yes | Yes |
| Mobile Charting - Drawings Autosave | Yes | Yes |
| Mobile Watchlist | Yes | Yes |
Dive deeper: Best Forex Trading Apps.
When comparing FP Markets to GBE Brokers, both provide daily market commentary to keep traders informed, but FP Markets goes a step further by offering forex news from top-tier sources like Bloomberg and Reuters, which GBE Brokers lacks. Additionally, FP Markets provides technical and fundamental analysis tools from reputable companies like Autochartist and Trading Central, whereas GBE Brokers does not offer these advanced research features.
Both brokers include a sentiment-based trading tool and an economic calendar for global news events. However, when it comes to research ratings, FP Markets is rated higher with 4 stars compared to GBE Brokers' 3 stars. According to ForexBrokers.com, FP Markets ranks at #25 out of 62 brokers in the Research category, while GBE Brokers ranks significantly lower at #61, highlighting the more comprehensive market research offerings at FP Markets.
| Feature |
FP Markets
|
GBE brokers
|
|---|---|---|
| Daily Market Commentary | Yes | Yes |
| Forex News (Top-Tier Sources) | Yes | No |
| Autochartist | Yes | No |
| Trading Central (Recognia) | Yes | No |
| Social Sentiment - Currency Pairs | Yes | 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 forex and CFD traders, FP Markets stands out with a significant array of offerings beneficial for beginners. FP Markets provides more than 10 educational materials, including articles, videos, and archived webinars focused on forex and CFDs. In addition, they host monthly online educational webinars and maintain a searchable archive of these recordings, enhancing accessibility and convenience for learners. Beginners can also access at least 10 videos specifically tailored to introduce them to trading, along with advanced content for more experienced traders. An investor dictionary with over 50 investing terms further enriches their educational experience.
On the other hand, GBE Brokers provides limited educational resources. Unlike FP Markets, they do not offer the minimum 10 educational pieces focused on forex or CFDs. They lack monthly online educational webinars and a searchable archive of recorded webinars. Both beginner and advanced video resources fall short, as does the absence of an investor dictionary with comprehensive term definitions. As a result, while FP Markets earns a four-star rating in education and ranks 23rd out of 62 brokers according to ForexBrokers.com, GBE Brokers receive a three-star rating and is positioned at the bottom of the list, ranking 62nd of 62 brokers for educational resources.
| Feature |
FP Markets
|
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 FP Markets is better than GBE brokers. FP Markets finished with an overall rank of #19, while GBE brokers finished with an overall rank of #56.
FP Markets shines as a low-cost broker for trading forex and CFDs – as long as you use the MetaTrader platform. The Iress platform suite offers well over 9,000 tradeable symbols, but it’s mostly a share trading platform – and is generally a much pricier option.
| Feature |
FP Markets
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GBE brokers
|
|---|---|---|
| Overall Rating |
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| Trust Score | 89 | 71 |
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Both FP Markets and GBE Brokers do not offer the option to buy actual delivered cryptocurrency, but they do provide the ability to purchase cryptocurrency derivatives.
FP Markets and GBE Brokers both support key deposit and withdrawal options like PayPal, Skrill, Visa, Mastercard, and bank wires, but only GBE Brokers provides ACH and SEPA transfers, making it the more diverse option for funding and withdrawing from trading accounts.
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 | FP Markets | GBE brokers | |
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| Trust Score | 89 | 71 | |
| Winner | check_circle | ||
| Review | FP Markets Review |
| Broker Screenshots | FP Markets | GBE brokers | |
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| Regulation | FP Markets | GBE brokers | |
|---|---|---|---|
| Trust Score | 89 | 71 | |
| Year Founded | 2005 | 2013 | |
| Publicly Traded (Listed) | No | No | |
| Bank | No | No | |
| Regulated in one or more EU or EEA countries (MiFID). | Yes | Yes | |
| Tier-1 Licenses | 2 | 1 | |
| Tier-2 Licenses | 1 | 0 | |
| Tier-3 Licenses | 0 | 0 | |
| Tier-4 Licenses | 1 | 1 |
| Tier-1 Licenses (Highly Trusted) | FP Markets | 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) | No | 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) | FP Markets | GBE brokers | |
|---|---|---|---|
| Kenya (CMA Authorised) | No | No | |
| Israel (ISA Authorised) | No | No | |
| South Africa (FSCA Authorised) | Yes | No | |
| UAE (DFSA/Central Bank Authorised) | No | No | |
| India (SEBI Authorised) | No | No | |
| Jordan (JSC Authorised) | No | No |
| Investments | FP Markets | GBE brokers | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 10000 | 500 | |
| Forex Pairs (Total) | 71 | 71 | |
| U.S. Stock Trading (Non CFD) | No | No | |
| Int'l Stock Trading (Non CFD) | No | No | |
| Social Trading / Copy Trading | Yes | Yes | |
| Cryptocurrency (Physical) | No | 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 | FP Markets | GBE brokers | |
|---|---|---|---|
| Average Spread EUR/USD - Standard | 1.2 | N/A | |
| All-in Cost EUR/USD - Active | 0.7 | N/A | |
| Active Trader or VIP Discounts | Yes | No | |
| Inactivity Fee | No | No | |
| Execution: Agency Broker | No | No | |
| Execution: Market Maker | Yes | Yes |
| Funding | FP Markets | GBE brokers | |
|---|---|---|---|
| Minimum Deposit | $100 AUD | $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 | No | Yes |
| Trading Platforms | FP Markets | GBE brokers | |
|---|---|---|---|
| Proprietary Platform | Yes | No | |
| Desktop Platform (Windows) | Yes | Yes | |
| Web Platform | Yes | Yes | |
| Social Trading / Copy Trading | Yes | Yes | |
| MetaTrader 4 (MT4) | Yes | Yes | |
| MetaTrader 5 (MT5) | Yes | Yes | |
| cTrader | Yes | No | |
| DupliTrade | No | No | |
| ZuluTrade | No | No |
| Trading Tools | FP Markets | GBE brokers | |
|---|---|---|---|
| Virtual Trading (Demo) | Yes | Yes | |
| Alerts - Basic Fields | Yes | Yes | |
| Watchlists - Total Fields | 7 | 7 | |
| Charting - Indicators / Studies (Total) | 30 | 30 | |
| Charting - Drawing Tools (Total) | 17 | 15 | |
| Charting - Trade From Chart | Yes | Yes | |
| Charts can be saved | Yes | Yes |
| Mobile Trading | FP Markets | GBE brokers | |
|---|---|---|---|
| Android App | Yes | Yes | |
| Apple iOS App | Yes | Yes | |
| Mobile Alerts - Basic Fields | Yes | Yes | |
| Mobile Watchlist | Yes | Yes | |
| Watchlist Syncing | No | No | |
| Mobile Charting - Indicators / Studies | MetaTrader (Default) | 30 | |
| Mobile Charting - Draw Trendlines | Yes | Yes | |
| Mobile Charting - Multiple Time Frames | Yes | Yes | |
| Mobile Charting - Drawings Autosave | Yes | Yes | |
| Mobile Economic Calendar | Yes | Yes |
| Research | FP Markets | GBE brokers | |
|---|---|---|---|
| Daily Market Commentary | Yes | Yes | |
| Forex News (Top-Tier Sources) | Yes | No | |
| Autochartist | Yes | No | |
| Trading Central (Recognia) | Yes | No | |
| TipRanks | No | No | |
| Social Sentiment - Currency Pairs | Yes | Yes | |
| Economic Calendar | Yes | Yes |
| Education | FP Markets | 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 | FP Markets | 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 | FP Markets Review |
| Overall | FP Markets | GBE brokers | |
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| Trust Score | 89 | 71 | |
| Winner | check_circle | ||
| Review | FP Markets Review |
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