Written by ForexBrokers.com
In this head to head comparison of iFOREX 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.
iFOREX and GBE brokers are both online brokers offering trading services, although they differ in their history and trust ratings. Founded in 1996, iFOREX has been in the market longer than GBE brokers, which was established in 2013. Neither company is publicly traded or operates as a bank. Both brokers hold one Tier-1 license, reflecting a commitment to maintaining trustworthy standards in the industry, although neither holds any Tier-2 licenses. According to ForexBrokers.com, iFOREX holds a Trust Score of 75, indicating an average risk level, while GBE brokers have a slightly lower Trust Score of 71. This places both within the average risk category, as defined by ForexBrokers.com.
For traders seeking an online broker, understanding these Trust Scores and regulatory factors can be essential in making an informed choice. While both iFOREX and GBE brokers are trusted at a similar level by ForexBrokers.com, iFOREX's longer presence in the industry might appeal to those looking for more established market players. However, the decision ultimately rests on understanding your own comfort with the level of risk and your specific trading needs.
| Feature |
iFOREX
|
GBE brokers
|
|---|---|---|
| Year Founded | 1996 | 2013 |
| Publicly Traded (Listed) | No | No |
| Bank | No | No |
| Tier-1 Licenses | 1 | 1 |
| Tier-2 Licenses | 0 | 0 |
| Tier-3 Licenses | 0 | 0 |
| Tier-4 Licenses | 1 | 1 |
When comparing the commissions and fees of online brokers iFOREX and GBE brokers, there are notable differences in their ratings and rankings according to ForexBrokers.com. iFOREX, which does not provide average spread data, has received a 3-star rating for its commission and fee structure. In contrast, GBE brokers also lack average spread data but are rated higher with 4 stars for their commissions and fees. This suggests that GBE brokers may offer slightly more appealing cost structures for traders.
Regarding their industry standing, iFOREX is ranked significantly lower at #60 among 62 brokers within the Commissions and Fees category by ForexBrokers.com. This low ranking could imply less competitive pricing models compared to other brokers. On the other hand, GBE brokers hold a more favorable position, ranked at #36, indicating a more competitive fee structure which may be more attractive to clients seeking lower trading costs.
In summary, while both iFOREX and GBE brokers do not provide specific average spread data, GBE brokers stand out with superior ratings and rankings in terms of commissions and fees. For traders prioritizing cost efficiency, GBE brokers may present a more economical choice compared to iFOREX.
| Feature |
iFOREX
|
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 | No | 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 comparing the investment options between iFOREX and GBE brokers, both platforms offer similar core features, beginning with forex trading, available each as CFDs or spot contracts. iFOREX stands out with a greater selection of tradeable instruments, offering 750 symbols in total, compared to GBE brokers' 500. Furthermore, iFOREX provides access to 88 forex pairs, whereas GBE brokers offer 71. However, neither broker allows clients to purchase exchange-traded securities on U.S. or international markets, such as Apple's NASDAQ shares or Vodafone's from the London Stock Exchange.
Despite both brokers providing cryptocurrency derivatives, neither offers the facility to purchase actual cryptocurrencies. Copy trading, a feature gaining traction among traders looking to follow the strategies of more experienced peers, is available through GBE brokers but not iFOREX. Both brokers received a rating of 3.5 stars for their range of investments. However, iFOREX holds a slightly better rank, sitting at 41 out of 62 brokers for its investment offerings compared to GBE brokers, which is positioned at 44. This nuanced difference could influence traders prioritizing a wider variety of trading instruments.
| Feature |
iFOREX
|
GBE brokers
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 750 | 500 |
| Forex Pairs (Total) | 88 | 71 |
| U.S. Stock Trading (Non CFD) | No | No |
| Int'l Stock Trading (Non CFD) | No | No |
| Social Trading / Copy Trading | No | 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 evaluating online brokers iFOREX and GBE brokers for their trading platforms and tools, several key differences stand out. iFOREX offers an in-house developed proprietary platform and a web-based trading option, making it appealing for users looking for unique solutions without the need for a desktop download. However, it doesn't provide features like MetaTrader 4 (MT4), MetaTrader 5 (MT5), or copy trading. Moreover, iFOREX does not offer simulated trading such as a demo account, limiting opportunities for practice trading. On the brighter side, iFOREX provides 25 drawing tools for charting and allows direct trading from charts with nine fields in their watch lists, resulting in a four-star rating for its trading platforms and tools.
On the other hand, GBE brokers does not offer a proprietary platform but compensates with a Windows-based desktop download option along with web-based accessibility, making it versatile for traders who prefer traditional platforms. GBE brokers supports MT4 and MT5 along with copy trading, offering more options for traders seeking advanced tools and automated trading solutions. Additionally, it provides the benefit of a free virtual demo account for practice. While it features 15 drawing tools and seven watch list fields, it does maintain the ability to trade directly from stock charts. GBE brokers also achieves a four-star rating for trading platforms and tools, albeit with a ForexBrokers.com ranking slightly lower than that of iFOREX, at #57 out of 62 brokers.
| Feature |
iFOREX
|
GBE brokers
|
|---|---|---|
| Virtual Trading (Demo) | No | Yes |
| Proprietary Platform | Yes | No |
| Desktop Platform (Windows) | No | 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) | 57 | 30 |
| Charting - Drawing Tools (Total) | 25 | 15 |
| Charting - Trade From Chart | Yes | Yes |
| Watchlists - Total Fields | 9 | 7 |
Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.
When it comes to mobile trading apps, both iFOREX and GBE brokers offer options for iPhone and Android users. However, their features differ significantly. iFOREX falls short in providing stock or forex price alerts and does not allow watchlist symbol syncing. On the flip side, GBE brokers excels with stock or forex price alerts, 30 technical studies for charting, and the ability to draw trendlines and view multiple time frames on charts. Additionally, GBE brokers also has the capability to auto-save drawings and create a watchlist with real-time quotes, features that iFOREX does not include.
Despite their differences in functionality, both platforms have similar ratings for their mobile trading apps, each scoring 4 out of 5 stars. Interestingly, iFOREX is ranked #55 out of 62 brokers in the mobile trading category by ForexBrokers.com, slightly ahead of GBE brokers, which is ranked #57. Therefore, while iFOREX might hold a marginally better ranking, GBE brokers offers more comprehensive features for those seeking advanced charting tools and convenience in mobile trading.
| Feature |
iFOREX
|
GBE brokers
|
|---|---|---|
| Android App | Yes | Yes |
| Apple iOS App | Yes | Yes |
| Mobile Alerts - Basic Fields | No | Yes |
| Watchlist Syncing | No | No |
| Mobile Charting - Indicators / Studies | N/A | 30 |
| Mobile Charting - Draw Trendlines | No | Yes |
| Mobile Charting - Multiple Time Frames | No | Yes |
| Mobile Charting - Drawings Autosave | No | Yes |
| Mobile Watchlist | No | Yes |
Dive deeper: Best Forex Trading Apps.
Both iFOREX and GBE Brokers offer daily market commentary, providing users with up-to-date insights into market trends. However, neither broker sources forex news from renowned outlets like Bloomberg or Reuters. When it comes to technical tools, both lack offerings from Autochartist, but iFOREX sets itself apart by providing access to tools from Trading Central, which GBE Brokers does not. Both platforms offer a sentiment-based trading tool, giving traders a ratio of long or short positions across currencies or other assets. Additionally, each broker provides an economic calendar, keeping their clients informed about significant global economic events.
iFOREX and GBE Brokers lag behind in offering research tools from TipRanks or Acuity Trading. Despite this, iFOREX achieves a slight edge in their overall research capabilities, earning a rating of 3.5 out of 5 stars and ranking 48th out of 62 brokers according to ForexBrokers.com. In contrast, GBE Brokers scores a 3-star rating and ranks lower at 61st place. For traders prioritizing research tools, iFOREX emerges as a slightly better option between the two.
| Feature |
iFOREX
|
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 | No | No |
| Signal Centre (Acuity Trading) | No | No |
| Economic Calendar | Yes | Yes |
Dive deeper: Best Brokers for Forex Research.
When comparing iFOREX and GBE brokers in terms of educational resources for beginners, it's clear that both platforms have room for improvement. Neither broker provides a comprehensive educational suite of more than ten articles, videos, or archived webinars specifically centered on forex or CFDs. Additionally, regular online webinars are not available from either broker, nor do they offer a searchable archive of past webinars. However, iFOREX does stand out slightly by offering a collection of more than ten beginner-focused educational videos, which could be beneficial for those new to trading. In contrast, GBE brokers do not offer a similar resource for beginners.
While both brokers have received moderate ratings for their education offerings, iFOREX edges ahead slightly, holding a 3.5-star rating compared to GBE brokers' 3 stars. According to ForexBrokers.com, iFOREX ranks 53rd and GBE brokers 62nd out of 62 brokers in the Education category, indicating that iFOREX offers marginally better educational materials. Despite this, both brokers lack advanced educational content and essential resources like a comprehensive investor dictionary, underscoring the limited scope of educational support for traders seeking to deepen their understanding of forex and CFDs.
| Feature |
iFOREX
|
GBE brokers
|
|---|---|---|
| Education (Forex or CFDs) | No | No |
| Client Webinars | No | No |
| Client Webinars (Archived) | No | No |
| Videos - Beginner Trading Videos | Yes | No |
| Videos - Advanced Trading Videos | No | No |
| Investor Dictionary (Glossary) | No | No |
Dive deeper: Best Forex Brokers for Beginners.
After testing 62 of the best forex brokers, our research and account testing finds that iFOREX is better than GBE brokers. iFOREX finished with an overall rank of #52, while GBE brokers finished with an overall rank of #56.
iFOREX is operated by a long-standing company, previously known as Vestle, with regulatory status in a growing number of jurisdictions, offering forex and CFDs through its proprietary platform. The biggest drawback is the lack of markets you can trade with fewer than 200, compared to the best multi asset forex and CFD brokers.
| Feature |
iFOREX
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GBE brokers
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| Trust Score | 75 | 71 |
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Both iFOREX and GBE Brokers do not offer the ability to purchase actual delivered cryptocurrencies, but they do provide the option to trade cryptocurrency derivatives.
While both iFOREX and GBE brokers provide similar options for deposit and withdrawal using PayPal, Skrill, Visa or Mastercard, and bank wires, GBE brokers additionally offers ACH or SEPA transfers as a feature, unlike iFOREX.
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 | iFOREX | GBE brokers | |
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| Trust Score | 75 | 71 | |
| Winner | check_circle | ||
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| Broker Screenshots | iFOREX | GBE brokers | |
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| Regulation | iFOREX | GBE brokers | |
|---|---|---|---|
| Trust Score | 75 | 71 | |
| Year Founded | 1996 | 2013 | |
| 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 | 0 | |
| Tier-3 Licenses | 0 | 0 | |
| Tier-4 Licenses | 1 | 1 |
| Tier-1 Licenses (Highly Trusted) | iFOREX | 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) | iFOREX | 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 | iFOREX | GBE brokers | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 750 | 500 | |
| Forex Pairs (Total) | 88 | 71 | |
| U.S. Stock Trading (Non CFD) | No | No | |
| Int'l Stock Trading (Non CFD) | No | No | |
| Social Trading / Copy Trading | No | 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 | iFOREX | 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 | Yes | Yes |
| Funding | iFOREX | GBE brokers | |
|---|---|---|---|
| Minimum Deposit | $100 | $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 | iFOREX | GBE brokers | |
|---|---|---|---|
| Proprietary Platform | Yes | No | |
| Desktop Platform (Windows) | No | 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 | iFOREX | GBE brokers | |
|---|---|---|---|
| Virtual Trading (Demo) | No | Yes | |
| Alerts - Basic Fields | No | Yes | |
| Watchlists - Total Fields | 9 | 7 | |
| Charting - Indicators / Studies (Total) | 57 | 30 | |
| Charting - Drawing Tools (Total) | 25 | 15 | |
| Charting - Trade From Chart | Yes | Yes | |
| Charts can be saved | No | Yes |
| Mobile Trading | iFOREX | GBE brokers | |
|---|---|---|---|
| Android App | Yes | Yes | |
| Apple iOS App | Yes | Yes | |
| Mobile Alerts - Basic Fields | No | Yes | |
| Mobile Watchlist | No | Yes | |
| Watchlist Syncing | No | No | |
| Mobile Charting - Indicators / Studies | N/A | 30 | |
| Mobile Charting - Draw Trendlines | No | Yes | |
| Mobile Charting - Multiple Time Frames | No | Yes | |
| Mobile Charting - Drawings Autosave | No | Yes | |
| Mobile Economic Calendar | No | Yes |
| Research | iFOREX | GBE brokers | |
|---|---|---|---|
| Daily Market Commentary | Yes | Yes | |
| Forex News (Top-Tier Sources) | No | No | |
| Autochartist | No | No | |
| Trading Central (Recognia) | Yes | No | |
| TipRanks | No | No | |
| Social Sentiment - Currency Pairs | Yes | Yes | |
| Economic Calendar | Yes | Yes |
| Education | iFOREX | GBE brokers | |
|---|---|---|---|
| Education (Forex or CFDs) | No | No | |
| Client Webinars | No | No | |
| Client Webinars (Archived) | No | No | |
| Videos - Beginner Trading Videos | Yes | No | |
| Videos - Advanced Trading Videos | No | No | |
| Investor Dictionary (Glossary) | No | No |
| Major Forex Pairs | iFOREX | 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 | |
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| Trust Score | 75 | 71 | |
| Winner | check_circle | ||
| Review |
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