Written by ForexBrokers.com
In this head to head comparison of FXOpen 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.
FXOpen, established in 2003, and GBE brokers, founded in 2013, are both well-known online brokers in the financial industry. Neither company is publicly traded on a stock exchange, nor do they operate as banks, which is common for brokers in this sector. When examining their regulatory credentials, FXOpen holds two Tier-1 licenses, indicating a higher level of trust, while GBE brokers possess one Tier-1 license, signaling a reliable standing as well.
In terms of trust scores as assessed by ForexBrokers.com, FXOpen is rated at 76 out of 99, placing it in the 'average risk' category. Meanwhile, GBE brokers have a slightly lower trust score of 71, still within the 'average risk' range. These ratings reflect their varied regulatory licenses and suggest a similar level of reliability for prospective traders considering their services.
| Feature |
FXOpen
|
GBE brokers
|
|---|---|---|
| Year Founded | 2003 | 2013 |
| Publicly Traded (Listed) | No | No |
| Bank | No | No |
| Tier-1 Licenses | 2 | 1 |
| Tier-2 Licenses | 0 | 0 |
| Tier-3 Licenses | 0 | 0 |
| Tier-4 Licenses | 0 | 1 |
When it comes to comparing online brokers, FXOpen and GBE Brokers both earn a solid reputation for their commissions and fees, each receiving a four-star rating. Although specific data on average spreads isn't available, these brokers offer competitively structured costs designed to meet the needs of various traders. Whether you're a beginner or an experienced trader, understanding these differences can be crucial in choosing the right platform for your trading activities.
FXOpen secures its position with a four-star rating for commissions and fees, ranking 45th out of 62 brokers according to ForexBrokers.com. This ranking suggests that while FXOpen remains competitive, it may not offer the lowest fees in the market. However, the broker’s pricing is often balanced with other features such as platform options and execution speeds, appealing to a range of trading preferences.
On the other hand, GBE Brokers also earns a four-star rating for its commissions and fees, but with a slightly better ranking, positioned at 36th out of 62 brokers by ForexBrokers.com. This rank indicates that GBE Brokers might provide more cost-effective solutions for those especially sensitive to trading fees. This broker might still strike a perfect balance between costs and trading environments, making it preferable for traders prioritizing lower fees.
| Feature |
FXOpen
|
GBE brokers
|
|---|---|---|
| Minimum Deposit | $100 | $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 | Yes | No |
| ACH or SEPA Transfers | No | Yes |
| PayPal (Deposit/Withdraw) | No | 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.
FXOpen and GBE Brokers both provide opportunities for forex trading, offering contracts for difference (CFD) and spot contracts. However, when it comes to the variety of investments available, they have notable differences. FXOpen provides access to 87 tradeable symbols and 25 forex pairs, whereas GBE Brokers offers a more extensive selection with 500 tradeable symbols and 71 forex pairs. Neither FXOpen nor GBE Brokers allows investing in exchange-traded securities on U.S. or international markets, which means direct stock purchases like Apple or Vodafone are not available through these platforms. For crypto enthusiasts, both brokers provide the ability to trade cryptocurrency derivatives, though not the actual cryptocurrencies themselves. Additionally, copy trading is a feature supported by both brokers, offering an alternative investment strategy for users.
In terms of investment range, GBE Brokers edges out FXOpen slightly. GBE Brokers earned a 3.5-star rating compared to FXOpen's 3-star rating in this category. According to ForexBrokers.com, GBE Brokers ranks 44th among 62 brokers for their range of investment offerings, demonstrating a broader selection compared to FXOpen, which is ranked 61st. This greater variety can appeal to investors seeking a wider array of trading options. Both platforms offer similar features, but GBE Brokers provides a more diverse set of investment opportunities for traders looking to explore multiple markets.
| Feature |
FXOpen
|
GBE brokers
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 87 | 500 |
| Forex Pairs (Total) | 25 | 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). |
Dive deeper: Best Copy Trading Platforms.
FXOpen and GBE brokers both provide traders with versatile trading platforms and tools, meeting the needs of both beginners and experienced traders. Both brokers offer simulated trading through free virtual demo accounts, allowing users to practice their strategies without financial risk. They neither provide proprietary platforms, opting instead to support well-known platforms such as MetaTrader 4 (MT4) and MetaTrader 5 (MT5) for both Windows-based desktop and web applications. Copy trading is available through both brokers, but FXOpen has the advantage of offering ZuluTrade, while GBE Brokers does not. Both platforms provide 15 drawing tools for charting and the capability to trade directly from stock charts, making technical analysis user-friendly. Each broker offers a watch list capability with seven customizable columns, though the exact number of technical indicators is not specified for either broker.
In terms of performance, both FXOpen and GBE brokers are rated four out of five stars for their trading platforms and tools. Despite their similar ratings, FXOpen is ranked slightly higher at 53rd place, compared to GBE brokers at 57th place in the Trading Platforms and Tools category, according to ForexBrokers.com. This subtle difference in rankings may influence a trader’s choice, but both brokers appear to provide reliable and comprehensive trading platforms with comparable functionalities that cater well to a broad range of trading needs.
| Feature |
FXOpen
|
GBE brokers
|
|---|---|---|
| Virtual Trading (Demo) | Yes | Yes |
| Proprietary Platform | No | 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 | Yes | No |
| Charting - Indicators / Studies (Total) | 30 | 30 |
| Charting - Drawing Tools (Total) | 15 | 15 |
| Charting - Trade From Chart | Yes | Yes |
| Watchlists - Total Fields | 7 | 7 |
Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.
FXOpen and GBE brokers both cater to mobile traders with their offering of trading apps for iPhone and Android. In terms of features, both brokers provide users with the ability to set stock and forex price alerts, while also delivering charting options that include thirty technical studies and the flexibility to view multiple time frames. Both apps support the creation of watchlists featuring real-time quotes, although watchlist symbol syncing with online accounts is not available for either broker. One notable advantage of GBE brokers over FXOpen is their app's ability to automatically save drawings on charts, a feature absent in FXOpen's app.
When it comes to user ratings, both FXOpen and GBE brokers achieve a four-star rating for their mobile trading apps. However, FXOpen takes a slight lead in the rankings by ForexBrokers.com, placing at #54 out of 62 brokers, compared to GBE brokers' ranking at #57. Despite their similar features and ratings, the choice between the two may hinge on specific needs such as chart drawing functionality and the convenience of automatically saved work in GBE brokers' mobile app.
| Feature |
FXOpen
|
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 | 30 | 30 |
| Mobile Charting - Draw Trendlines | Yes | 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 it comes to market research, both FXOpen and GBE Brokers provide daily market commentary, which can keep traders informed of the latest market trends and insights. However, FXOpen takes a step further by offering forex news from top-tier sources like Bloomberg and Reuters, which GBE Brokers does not. On the flip side, GBE Brokers provides a sentiment-based trading tool, giving traders an edge by showing the ratio of long and short positions across currency pairs, a feature FXOpen lacks.
Both FXOpen and GBE Brokers lack advanced technical analysis tools from providers like Autochartist and Trading Central, as well as market research from TipRanks or tools from Acuity Trading. Additionally, both brokers offer an economic calendar to track global news events. In terms of research quality, FXOpen and GBE Brokers both receive a three-star rating, reflecting their similar standings. Ranked by ForexBrokers.com, FXOpen is placed at the bottom at 62 out of 62 brokers, just one position below GBE Brokers, which stands at 61.
| Feature |
FXOpen
|
GBE brokers
|
|---|---|---|
| Daily Market Commentary | Yes | 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 comparing FXOpen and GBE brokers for educational resources tailored to beginners, it's clear that both platforms have room for improvement. Neither FXOpen nor GBE brokers offer a minimum of ten educational materials focused on forex or CFDs. Additionally, both brokers do not provide monthly online educational webinars or maintain an archive of past sessions. Despite these limitations, FXOpen stands out slightly by offering an investor dictionary with over 50 investing terms, while GBE brokers do not offer this resource.
In terms of educational video content, neither FXOpen nor GBE brokers provide ten or more videos targeting beginner traders or advanced topics for seasoned investors. Both brokers are equally rated with three stars for education. However, within the broader context of 62 brokers evaluated by ForexBrokers.com, FXOpen is ranked 58th, showing a slight edge over GBE brokers, which is positioned at 62nd. This comparison highlights the need for both platforms to expand their educational offerings to better support beginner traders.
| Feature |
FXOpen
|
GBE brokers
|
|---|---|---|
| Education (Forex or CFDs) | No | No |
| Client Webinars | No | No |
| Client Webinars (Archived) | No | No |
| Videos - Beginner Trading Videos | No | 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 FXOpen is better than GBE brokers. FXOpen finished with an overall rank of #54, while GBE brokers finished with an overall rank of #56.
FXOpen is a long standing MetaTrader broker with a narrow offering and few benefits beyond a standard MetaTrader experience coupled with social-trading platforms ZuluTrade and Myfxbook.
| Feature |
FXOpen
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GBE brokers
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| Overall Rating |
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| Trust Score | 76 | 71 |
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Both FXOpen and GBE brokers provide the option to trade cryptocurrency derivatives, but neither offers the ability to purchase actual delivered cryptocurrency.
FXOpen and GBE Brokers both support Skrill, Visa, Mastercard, and bank wire transactions for deposits and withdrawals, but only GBE Brokers also offers ACH, SEPA, and PayPal options.
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 | FXOpen | GBE brokers | |
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| Trust Score | 76 | 71 | |
| Winner | check_circle | ||
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| Broker Screenshots | FXOpen | GBE brokers | |
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| Regulation | FXOpen | GBE brokers | |
|---|---|---|---|
| Trust Score | 76 | 71 | |
| Year Founded | 2003 | 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 | 0 | 0 | |
| Tier-3 Licenses | 0 | 0 | |
| Tier-4 Licenses | 0 | 1 |
| Tier-1 Licenses (Highly Trusted) | FXOpen | GBE brokers | |
|---|---|---|---|
| Australia (ASIC Authorised) | No | 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) | FXOpen | 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 | FXOpen | GBE brokers | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 87 | 500 | |
| Forex Pairs (Total) | 25 | 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). |
| Cost | FXOpen | 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 | Yes | No | |
| Inactivity Fee | Yes | No | |
| Execution: Agency Broker | Yes | No | |
| Execution: Market Maker | Yes | Yes |
| Funding | FXOpen | GBE brokers | |
|---|---|---|---|
| Minimum Deposit | $100 | $500 | |
| PayPal (Deposit/Withdraw) | No | 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 | FXOpen | GBE brokers | |
|---|---|---|---|
| Proprietary Platform | No | 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 | No | No | |
| DupliTrade | No | No | |
| ZuluTrade | Yes | No |
| Trading Tools | FXOpen | 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) | 15 | 15 | |
| Charting - Trade From Chart | Yes | Yes | |
| Charts can be saved | Yes | Yes |
| Mobile Trading | FXOpen | 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 | 30 | 30 | |
| Mobile Charting - Draw Trendlines | Yes | Yes | |
| Mobile Charting - Multiple Time Frames | Yes | Yes | |
| Mobile Charting - Drawings Autosave | No | Yes | |
| Mobile Economic Calendar | Yes | Yes |
| Research | FXOpen | GBE brokers | |
|---|---|---|---|
| Daily Market Commentary | Yes | 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 | FXOpen | GBE brokers | |
|---|---|---|---|
| Education (Forex or CFDs) | No | No | |
| Client Webinars | No | No | |
| Client Webinars (Archived) | No | No | |
| Videos - Beginner Trading Videos | No | No | |
| Videos - Advanced Trading Videos | No | No | |
| Investor Dictionary (Glossary) | Yes | No |
| Major Forex Pairs | FXOpen | 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 |
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| Trust Score | 76 | 71 | |
| Winner | check_circle | ||
| Review |
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