Written by ForexBrokers.com
In this head to head comparison of GBE brokers vs FXGT.com, 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.
GBE brokers, established in 2013, and FXGT.com, founded in 2019, are both online brokers operating outside the realm of public trading and banking. When it comes to regulatory standing, GBE brokers and FXGT.com each hold one Tier-1 license, a mark of high trustworthiness according to ForexBrokers.com. However, FXGT.com edges ahead slightly with an additional Tier-2 license, regarded as a sign of trust. Despite this, GBE brokers hold a ForexBrokers.com Trust Score of 71, classifying it as an average risk, compared to FXGT.com’s score of 69, which places it in the high-risk category.
Both firms offer forex trading services without being listed on any stock exchange, and neither acts as a bank. For potential investors seeking higher security in their trading partners, these Trust Scores offer valuable insight, highlighting GBE brokers' somewhat more favorable risk level versus FXGT.com. Analyzing these ratings and regulatory licenses offers a clearer picture when choosing between these two brokers for an online trading experience. As always, it's essential to consider all facets of security and trust in the volatile world of online trading.
| Feature |
GBE brokers
|
FXGT.com
|
|---|---|---|
| Year Founded | 2013 | 2019 |
| Publicly Traded (Listed) | No | No |
| Bank | No | No |
| Tier-1 Licenses | 1 | 1 |
| Tier-2 Licenses | 0 | 1 |
| Tier-3 Licenses | 0 | 0 |
| Tier-4 Licenses | 1 | 2 |
When comparing GBE brokers and FXGT.com in terms of commissions and fees, it's clear that both platforms offer distinct advantages. GBE brokers receive an impressive 4-star rating, reflecting their competitive fee structure. In comparison, FXGT.com earns a slightly lower rating of 3.5 stars, indicating some room for improvement in its fee models. The difference in their ratings highlights GBE brokers' edge in offering potentially more cost-effective trading conditions for traders.
Looking at their rankings among 62 brokers on ForexBrokers.com, GBE brokers hold the 36th position in the Commissions and Fees category. This ranking emphasizes their stronger standing compared to FXGT.com, which is ranked at 55th place. These positions suggest that GBE brokers might be more appealing for cost-conscious traders who prioritize lower fees in their trading experience.
In summary, the comparison of GBE brokers and FXGT.com showcases GBE brokers as the more favorably rated option regarding commissions and fees. Positioned higher in rankings and with a superior star rating, GBE brokers present themselves as a more attractive choice for traders seeking to minimize costs. Traders may want to consider these factors when deciding between these two online brokers.
| Feature |
GBE brokers
|
FXGT.com
|
|---|---|---|
| Minimum Deposit | $500 | $5 |
| 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) | Yes | No |
| Skrill (Deposit/Withdraw) | Yes | No |
| Visa/Mastercard (Credit/Debit) | Yes | Yes |
| Bank Wire (Deposit/Withdraw) | Yes | Yes |
Dive deeper: Best Low Spread Forex Brokers.
When comparing GBE Brokers and FXGT.com in terms of their investment options, both platforms offer forex trading as either CFDs or spot contracts, ensuring flexibility for traders. GBE Brokers stands out with a larger selection, providing 500 tradeable symbols, including 71 forex pairs. On the other hand, FXGT.com offers a more limited choice with 117 tradeable symbols and 53 forex pairs. The absence of exchange-traded securities from both brokers, along with the capability to trade only cryptocurrency derivatives, and not the actual digital currencies, indicates a focus on CFD trading rather than traditional or crypto-asset ownership. Additionally, both platforms support copy trading, making it easier for users to emulate successful trading strategies.
In terms of ratings, GBE Brokers has a slight edge with a 3.5-star rating for its range of investments, compared to FXGT.com's 3-star rating. According to ForexBrokers.com, GBE Brokers ranks 44th out of 62 brokers, showcasing a slightly more diverse range than FXGT.com, which is ranked at 60th. This comparison indicates that while both brokers offer essential financial instruments, GBE Brokers provides a slightly broader array of tradeable assets and receives higher marks for its range of investments, making it a better choice for traders seeking variety.
| Feature |
GBE brokers
|
FXGT.com
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 500 | 117 |
| Forex Pairs (Total) | 71 | 53 |
| 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.
Both GBE Brokers and FXGT.com offer comprehensive trading platforms that cater to different user needs. They provide simulated trading through free demo accounts, allowing users to practice without risk. While neither broker offers a proprietary platform, they both support popular platforms like MetaTrader 4 (MT4) and MetaTrader 5 (MT5) for their clients. Additionally, both brokers offer Windows-based desktop downloads and web-based platforms for easy access. Copy trading is available with both services, which is beneficial for users who prefer to replicate successful trades. However, neither broker offers DupliTrade or ZuluTrade features. GBE Brokers offers 15 drawing tools for charting, while FXGT.com surpasses this with 23, giving traders more options for technical analysis.
Trading directly from a stock chart is possible with both brokers, making it convenient for users to execute trades. When comparing watch list features, GBE Brokers has an edge, providing seven columns or fields, compared to FXGT.com's five. Despite their differences, both brokers have a similar rating of four out of five stars for Trading Platforms and Tools. GBE Brokers finds itself ranked just below FXGT.com at 57th place out of 62 brokers in the ForexBrokers.com rankings, with FXGT.com at 56th. This close ranking indicates their competitive stand in offering reliable and user-friendly trading platforms and tools to traders.
| Feature |
GBE brokers
|
FXGT.com
|
|---|---|---|
| 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 | No | No |
| Charting - Indicators / Studies (Total) | 30 | 37 |
| Charting - Drawing Tools (Total) | 15 | 23 |
| Charting - Trade From Chart | Yes | Yes |
| Watchlists - Total Fields | 7 | 5 |
Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.
When comparing the mobile trading apps of GBE Brokers and FXGT.com, both platforms offer a range of similar features for traders on the go. Both GBE Brokers and FXGT.com provide iPhone and Android apps, with capabilities such as stock and forex price alerts, and the ability to draw trendlines on charts. They also support viewing multiple time frames on charts and offer 30 technical studies for charting, enhancing the trading experience with comprehensive analytical tools. Additionally, both apps allow users to create watchlists with real-time quotes, and any drawings made on charts are auto-saved. However, one notable difference is that FXGT.com enables watchlist symbol syncing with the online account, which is not available with GBE Brokers.
In terms of user ratings and expert rankings, GBE Brokers slightly edges out FXGT.com, receiving a 4-star rating compared to FXGT.com's 3.5-star rating for their mobile trading apps. According to ForexBrokers.com, GBE Brokers is ranked 57th, one spot ahead of FXGT.com at 58th out of 62 brokers. This comparison indicates that while both trading apps are equipped with essential features, GBE Brokers takes a minor lead in user satisfaction and expert evaluation.
| Feature |
GBE brokers
|
FXGT.com
|
|---|---|---|
| Android App | Yes | Yes |
| Apple iOS App | Yes | Yes |
| Mobile Alerts - Basic Fields | Yes | Yes |
| Watchlist Syncing | No | Yes |
| Mobile Charting - Indicators / Studies | 30 | 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.
Comparing the market research offerings of GBE brokers and FXGT.com reveals some similarities and key differences for potential traders. GBE brokers provides daily market commentary, enhancing their ability to keep clients informed. In contrast, FXGT.com does not offer daily commentary. However, both brokers fall short when it comes to providing news from top-tier sources like Bloomberg or Reuters, and neither utilizes analytical tools from companies such as Autochartist or Trading Central. Both brokers do, however, offer sentiment-based trading tools, allowing traders to see insights into market trends across currency pairs. Additionally, each broker provides an economic calendar to help traders stay updated on global news events.
Despite some similarities in their service offerings, neither GBE brokers nor FXGT.com provide research tools from companies like Acuity Trading or TipRanks. This lack of advanced research tools might contribute to their moderate ratings in the research category, with both rated at 3 out of 5 stars. According to ForexBrokers.com, GBE brokers is ranked 61st out of 62 brokers for research, whereas FXGT.com is slightly ahead at 56th. Potential clients should consider these factors when choosing between these brokers, as the availability and quality of market research can significantly impact trading strategies and outcomes.
| Feature |
GBE brokers
|
FXGT.com
|
|---|---|---|
| Daily Market Commentary | Yes | No |
| Forex News (Top-Tier Sources) | No | No |
| Autochartist | No | No |
| Trading Central (Recognia) | No | 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 beginners, both GBE brokers and FXGT.com offer limited options. Neither platform provides a comprehensive collection of forex or CFDs educational materials, such as articles, videos, or archived webinars. Additionally, they both lack ongoing online educational client webinars and a searchable archive of previously recorded webinars. This can be a drawback for those new to trading who need consistent learning opportunities.
While neither GBE brokers nor FXGT.com delivers an array of educational videos tailored for beginners or advanced traders, FXGT.com does offer an investor dictionary with definitions of over 50 investing terms, which is a noteworthy distinction. However, both brokers received a three-star rating for education, and GBE brokers ranks at the bottom of 62 brokers reviewed by ForexBrokers.com, while FXGT.com fared slightly better at 59th place. For those prioritizing educational resources, exploring other brokerage options might be advisable.
| Feature |
GBE brokers
|
FXGT.com
|
|---|---|---|
| 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) | No | Yes |
Dive deeper: Best Forex Brokers for Beginners.
After testing 62 of the best forex brokers, our research and account testing finds that GBE brokers is better than FXGT.com. GBE brokers finished with an overall rank of #56, while FXGT.com finished with an overall rank of #58.
GBE offers 500 tradeable symbols from its CySEC-regulated entity in Cyprus, but lacks additional regulatory licenses which hampers its Trust Score, compared to leading multi-asset brokers.
| Feature |
GBE brokers
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FXGT.com
|
|---|---|---|
| Overall Rating |
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| Trust Score | 71 | 69 |
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Both GBE brokers and FXGT.com allow users to trade cryptocurrency derivatives, but neither platform offers the ability to purchase actual, delivered cryptocurrency.
When comparing GBE brokers to FXGT.com for funding options, both brokers support ACH or SEPA transfers, Visa or Mastercard, and bank wires; however, GBE brokers uniquely offers PayPal and Skrill, whereas FXGT.com does not provide these 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 | GBE brokers | FXGT.com | |
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| Trust Score | 71 | 69 | |
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| Broker Screenshots | GBE brokers | FXGT.com | |
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| Regulation | GBE brokers | FXGT.com | |
|---|---|---|---|
| Trust Score | 71 | 69 | |
| Year Founded | 2013 | 2019 | |
| Publicly Traded (Listed) | No | No | |
| Bank | No | No | |
| Regulated in one or more EU or EEA countries (MiFID). | Yes | Yes | |
| Tier-1 Licenses | 1 | 1 | |
| Tier-2 Licenses | 0 | 1 | |
| Tier-3 Licenses | 0 | 0 | |
| Tier-4 Licenses | 1 | 2 |
| Tier-1 Licenses (Highly Trusted) | GBE brokers | FXGT.com | |
|---|---|---|---|
| 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) | 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) | GBE brokers | FXGT.com | |
|---|---|---|---|
| Kenya (CMA Authorised) | No | No | |
| Israel (ISA Authorised) | No | No | |
| South Africa (FSCA Authorised) | No | Yes | |
| UAE (DFSA/Central Bank Authorised) | No | No | |
| India (SEBI Authorised) | No | No | |
| Jordan (JSC Authorised) | No | No |
| Investments | GBE brokers | FXGT.com | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 500 | 117 | |
| Forex Pairs (Total) | 71 | 53 | |
| 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 | GBE brokers | FXGT.com | |
|---|---|---|---|
| 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 | Yes | Yes |
| Funding | GBE brokers | FXGT.com | |
|---|---|---|---|
| Minimum Deposit | $500 | $5 | |
| PayPal (Deposit/Withdraw) | Yes | No | |
| Skrill (Deposit/Withdraw) | Yes | No | |
| Visa/Mastercard (Credit/Debit) | Yes | Yes | |
| Bank Wire (Deposit/Withdraw) | Yes | Yes | |
| ACH or SEPA Transfers | Yes | Yes |
| Trading Platforms | GBE brokers | FXGT.com | |
|---|---|---|---|
| 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 | No | No |
| Trading Tools | GBE brokers | FXGT.com | |
|---|---|---|---|
| Virtual Trading (Demo) | Yes | Yes | |
| Alerts - Basic Fields | Yes | Yes | |
| Watchlists - Total Fields | 7 | 5 | |
| Charting - Indicators / Studies (Total) | 30 | 37 | |
| Charting - Drawing Tools (Total) | 15 | 23 | |
| Charting - Trade From Chart | Yes | Yes | |
| Charts can be saved | Yes | Yes |
| Mobile Trading | GBE brokers | FXGT.com | |
|---|---|---|---|
| Android App | Yes | Yes | |
| Apple iOS App | Yes | Yes | |
| Mobile Alerts - Basic Fields | Yes | Yes | |
| Mobile Watchlist | Yes | Yes | |
| Watchlist Syncing | No | Yes | |
| Mobile Charting - Indicators / Studies | 30 | 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 | GBE brokers | FXGT.com | |
|---|---|---|---|
| Daily Market Commentary | Yes | No | |
| Forex News (Top-Tier Sources) | No | No | |
| Autochartist | No | No | |
| Trading Central (Recognia) | No | No | |
| TipRanks | No | No | |
| Social Sentiment - Currency Pairs | Yes | Yes | |
| Economic Calendar | Yes | Yes |
| Education | GBE brokers | FXGT.com | |
|---|---|---|---|
| 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) | No | Yes |
| Major Forex Pairs | GBE brokers | FXGT.com | |
|---|---|---|---|
| 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 | 71 | 69 | |
| Winner | check_circle | ||
| Review |
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