Written by ForexBrokers.com
In this head to head comparison of OANDA 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.
OANDA, established in 1996, holds a strong position in the online brokerage world, boasting a high Trust Score of 93 out of 99 according to ForexBrokers.com. Despite not being publicly traded or functioning as a bank, OANDA's reliability is bolstered by its possession of 7 Tier-1 licenses, considered the gold standard in regulatory trust. This makes it one of the most trusted names in the industry.
In comparison, GBE brokers, founded in 2013, holds a Trust Score of 71, placing it in the average risk category. Like OANDA, GBE brokers is neither publicly traded nor a bank. However, it carries only one Tier-1 license, indicating a lower level of regulatory trust compared to its counterpart. Despite being relatively newer and holding fewer licenses, GBE brokers still maintains a presence in the market with its current regulatory framework.
| Feature |
OANDA
|
GBE brokers
|
|---|---|---|
| Year Founded | 1996 | 2013 |
| Publicly Traded (Listed) | No | No |
| Bank | No | No |
| Tier-1 Licenses | 7 | 1 |
| Tier-2 Licenses | 0 | 0 |
| Tier-3 Licenses | 0 | 0 |
| Tier-4 Licenses | 1 | 1 |
OANDA is known for its higher-than-average trading costs when compared to some of the leading brokers in the market. The company offers different pricing structures, with the default spread pricing being relatively steep. For example, in July 2024, OANDA’s average non-core pricing was 1.61 pips for the EUR/USD currency pair, which does not make it a discount broker. However, OANDA stands out with its automated execution feature and micro lot trading, allowing traders to trade as small as one unit. Additionally, OANDA provides transparency by publishing trailing averages of its spreads, though fixed-period average spread data is not available for precise comparisons. Ranked 34th out of 62 brokers by ForexBrokers.com, OANDA earns a 4 out of 5-star rating for its commissions and fees.
OANDA offers core pricing, which features lower spreads but includes a commission of $5 per $100,000 currency per side, making the all-in cost sometimes better for high-volume trades compared to its default pricing. For example, the 1.4 pips all-in cost for EUR/USD under core pricing is more competitive than the default rate, with a $10,000 minimum deposit required to access this pricing. Additionally, OANDA's Elite Trader program offers rebates and other perks for active traders, adding potential value for high-volume customers by offering tiered rebates ranging from $5 to $17 per million with additional subscription benefits.
GBE brokers, though lacking comprehensive average spread data, deliver competitive offerings that match OANDA in star ratings, holding a 4 out of 5-star position in the commissions and fees category. GBE is ranked closely at 36th out of 62 brokers by ForexBrokers.com in this category. The lack of published spread data may hinder direct comparison, but both brokers provide multiple trading options tailored to different levels of trader activity and volume, maintaining transparency and customer satisfaction. Overall, both brokers offer specific strengths in their fee structures despite their respective differences in detailed transparency and pricing models.
| Feature |
OANDA
|
GBE brokers
|
|---|---|---|
| Minimum Deposit | $0 | $500 |
| Average Spread EUR/USD - Standard | 1.61 | N/A |
| All-in Cost EUR/USD - Active | 1.61 | N/A |
| Active Trader or VIP Discounts | Yes | No |
| ACH or SEPA Transfers | Yes | 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 OANDA and GBE Brokers for their range of investments, both offer forex trading as a CFD or spot contract. However, OANDA provides a broader array of tradeable symbols, with a total of 3,928 compared to GBE Brokers’ 500. In terms of forex pairs, GBE Brokers narrowly leads with 71 pairs available, while OANDA offers 68. Neither platform allows direct investment in exchange-traded securities on U.S. or international exchanges. Despite differences in offerings, both brokers support copy trading. One notable distinction is OANDA's capability to facilitate the purchase of actual cryptocurrencies in addition to derivatives, whereas GBE Brokers limits clients to cryptocurrency derivatives only.
The difference in investment options is reflected in their respective ratings; OANDA scores 4 stars for its range of investments, while GBE Brokers earns 3.5 stars. This feature set positions OANDA at 27th among 62 brokers reviewed by ForexBrokers.com in the Range of Investments category, whereas GBE Brokers comes in at 44th. These distinctions suggest that while GBE Brokers offers a strong selection of forex pairs, OANDA provides a more extensive overall range of investment opportunities, particularly for those interested in the burgeoning cryptocurrency market.
| Feature |
OANDA
|
GBE brokers
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 3928 | 500 |
| Forex Pairs (Total) | 68 | 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) | Yes | 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 the online trading platforms and tools of OANDA and GBE brokers, both provide a robust suite that caters to various trading needs. OANDA, with its proprietary platform developed in-house, delivers a streamlined trading experience alongside popular third-party platforms like MetaTrader 4 and MetaTrader 5. GBE brokers, while lacking a proprietary platform, also offers these widely used third-party solutions, ensuring accessibility across different user preferences. Both brokers accommodate traders who prefer desktop and web-based platforms and offer the convenience of simulated demo accounts for practice. Additionally, they each support copy trading but do not provide integration with platforms like DupliTrade or ZuluTrade.
Charting tools and capabilities differ between the two. OANDA stands out with an impressive array of 431 drawing tools to aid in technical analysis, significantly more than the 15 offered by GBE brokers. This extends to other trading functionalities, as both brokers allow trades directly from stock charts. OANDA provides a slightly lower number of watch list fields compared to GBE brokers, with 6 and 7 columns respectively. However, both brokers boast a solid performance with a 4-star rating for their trading platforms and tools, while OANDA ranks higher at 16th place out of 62 brokers, compared to GBE brokers' 57th position. This indicates a stronger overall offering from OANDA in terms of platform capability and user satisfaction.
| Feature |
OANDA
|
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) | 81 | 30 |
| Charting - Drawing Tools (Total) | 431 | 15 |
| Charting - Trade From Chart | Yes | Yes |
| Watchlists - Total Fields | 6 | 7 |
Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.
When comparing the mobile trading apps of OANDA and GBE brokers, both platforms offer comprehensive features across iPhone and Android devices. Users can receive stock or forex price alerts, draw trendlines on charts, and view multiple time frames such as daily or weekly intervals. Each app supports 30 technical studies to aid in trading decisions, and both automatically save drawings made on charts. However, neither offers watchlist symbol syncing between the mobile app and online accounts, a feature that some might find limiting.
Despite the overall similarities, there are differences in user experience and recognition. OANDA's app holds a perfect five-star rating for mobile trading and ranks 7th out of 62 brokers according to ForexBrokers.com, indicating a high level of user satisfaction and industry acknowledgment. Meanwhile, GBE brokers' app is rated slightly lower with four stars, and it is ranked 57th, suggesting room for improvement. Both platforms allow real-time quote watchlist creation, offering traders up-to-date information at their fingertips.
| Feature |
OANDA
|
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 | Yes | Yes |
| Mobile Watchlist | Yes | Yes |
Dive deeper: Best Forex Trading Apps.
When it comes to market research, OANDA provides a wealth of resources for traders, including daily market commentary and forex news from trusted sources like Bloomberg, Reuters, and Dow Jones. They also offer technical analysis tools from the company Autochartist alongside a sentiment-based trading tool that tracks long and short positions across various instruments. OANDA complements these services with an economic calendar to keep traders informed of global news events, earning them a high rating of 5 out of 5 stars for research from ForexBrokers.com, where they are ranked #5 out of 62 brokers.
In contrast, GBE brokers also offer daily market commentary and a sentiment-based trading tool; however, they fall short in providing forex news from top-tier sources. GBE brokers lack technical analysis tools from companies like Autochartist and Trading Central, and while they do provide an economic calendar, the absence of additional research resources reflects in their lower research rating of 3 out of 5 stars. This is mirrored in their position as #61 on ForexBrokers.com's ranking, clearly highlighting the disparity in research offerings between GBE brokers and OANDA.
| Feature |
OANDA
|
GBE brokers
|
|---|---|---|
| Daily Market Commentary | Yes | Yes |
| Forex News (Top-Tier Sources) | Yes | No |
| Autochartist | Yes | 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 beginner traders, OANDA clearly stands out compared to GBE Brokers. OANDA offers a comprehensive range of over ten educational pieces, including articles, videos, and archived webinars dedicated to forex and CFDs. Beginners can also benefit from at least one online client webinar each month, accompanied by a searchable archive of past sessions. OANDA further enriches its educational offering with more than ten beginner-focused trading videos and an expansive investor dictionary featuring over 50 investment-related terms. This vast array of resources contributes to OANDA's impressive 5-star rating for education and its ranking at #22 out of 62 brokers by ForexBrokers.com.
In contrast, GBE Brokers provides a more limited educational experience. Unlike OANDA, GBE Brokers falls short of offering ten educational pieces focused on forex and CFDs and does not conduct monthly educational webinars or maintain an archive of recorded sessions. Moreover, GBE lacks a sufficient library of beginner-friendly videos and does not provide an investor dictionary with substantial definitions. As a result, GBE Brokers receives a 3-star rating for education and ranks #62 out of 62 brokers in the Education category by ForexBrokers.com. For traders new to the market and eager to learn, OANDA’s more extensive educational support makes it a far more attractive option.
| Feature |
OANDA
|
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 OANDA is better than GBE brokers. OANDA finished with an overall rank of #12, while GBE brokers finished with an overall rank of #56.
A trusted global brand, OANDA stands out for its reputation and quality market research. Its regulatory track record is strong, and its support for third-party features bolsters its overall offering.
| Feature |
OANDA
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GBE brokers
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|---|---|---|
| Overall Rating |
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| Trust Score | 93 | 71 |
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OANDA provides the capability to purchase actual cryptocurrencies and trade cryptocurrency derivatives, while GBE Brokers offers only the option to trade cryptocurrency derivatives and does not facilitate the purchase of actual cryptocurrencies.
Both OANDA and GBE brokers offer multiple options for depositing and withdrawing account funds, including ACH or SEPA transfers, PayPal, Skrill, Visa or Mastercard, and bank wires, making them versatile choices for online trading.
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 | OANDA | GBE brokers | |
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| Trust Score | 93 | 71 | |
| Winner | check_circle | ||
| Review | OANDA Review |
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| Regulation | OANDA | GBE brokers | |
|---|---|---|---|
| Trust Score | 93 | 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 | 7 | 1 | |
| Tier-2 Licenses | 0 | 0 | |
| Tier-3 Licenses | 0 | 0 | |
| Tier-4 Licenses | 1 | 1 |
| Tier-1 Licenses (Highly Trusted) | OANDA | GBE brokers | |
|---|---|---|---|
| Australia (ASIC Authorised) | Yes | No | |
| Canada (CIRO Authorised) | Yes | No | |
| Hong Kong (SFC Authorised) | No | No | |
| Japan (SFC Authorised) | Yes | No | |
| Singapore (MAS Authorised) | Yes | No | |
| Switzerland (FINMA Authorised) | No | No | |
| United Kingdom (U.K.) (FCA Authorised) | Yes | No | |
| USA (CFTC Authorized) | Yes | No | |
| New Zealand (FMA Authorised) | No | No | |
| Regulated in one or more EU or EEA countries (MiFID). | Yes | Yes |
| Tier-2 Licenses (Trusted) | OANDA | 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 | OANDA | GBE brokers | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 3928 | 500 | |
| Forex Pairs (Total) | 68 | 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) | Yes | 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 | OANDA | GBE brokers | |
|---|---|---|---|
| Average Spread EUR/USD - Standard | 1.61 | N/A | |
| All-in Cost EUR/USD - Active | 1.61 | N/A | |
| Active Trader or VIP Discounts | Yes | No | |
| Inactivity Fee | Yes | No | |
| Execution: Agency Broker | No | No | |
| Execution: Market Maker | Yes | Yes |
| Funding | OANDA | GBE brokers | |
|---|---|---|---|
| Minimum Deposit | $0 | $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 | Yes | Yes |
| Trading Platforms | OANDA | 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 | No | No | |
| DupliTrade | No | No | |
| ZuluTrade | No | No |
| Trading Tools | OANDA | GBE brokers | |
|---|---|---|---|
| Virtual Trading (Demo) | Yes | Yes | |
| Alerts - Basic Fields | Yes | Yes | |
| Watchlists - Total Fields | 6 | 7 | |
| Charting - Indicators / Studies (Total) | 81 | 30 | |
| Charting - Drawing Tools (Total) | 431 | 15 | |
| Charting - Trade From Chart | Yes | Yes | |
| Charts can be saved | Yes | Yes |
| Mobile Trading | OANDA | 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 | Yes | Yes | |
| Mobile Economic Calendar | Yes | Yes |
| Research | OANDA | GBE brokers | |
|---|---|---|---|
| Daily Market Commentary | Yes | Yes | |
| Forex News (Top-Tier Sources) | Yes | No | |
| Autochartist | Yes | No | |
| Trading Central (Recognia) | No | No | |
| TipRanks | No | No | |
| Social Sentiment - Currency Pairs | Yes | Yes | |
| Economic Calendar | Yes | Yes |
| Education | OANDA | 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 | OANDA | 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 | OANDA Review |
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| Trust Score | 93 | 71 | |
| Winner | check_circle | ||
| Review | OANDA Review |
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