Written by ForexBrokers.com
In this head to head comparison of Saxo 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.
When comparing Saxo with GBE brokers, potential traders might first consider the year of establishment and the type of entity each broker is. Saxo, founded in 1992, operates as a bank and boasts a highest possible Trust Score rating of 99 from ForexBrokers.com, indicating a high level of trust. Although it is not publicly traded, Saxo impressively holds 7 Tier-1 licenses, symbolizing a strong regulatory backing, alongside 1 Tier-2 license.
On the other hand, GBE brokers, established in 2013, operates as a non-bank entity with a ForexBrokers.com Trust Score of 71, placing it at an average risk level according to the rating system. Like Saxo, GBE is not publicly traded. It holds 1 Tier-1 license, ensuring some degree of trusted oversight, but lacks any Tier-2 licenses, which could be a consideration for more security-focused traders. Overall, while both brokers offer regulated services, Saxo's long-standing presence and more extensive licensing may appeal to those prioritizing a well-trusted partner.
| Feature |
Saxo
|
GBE brokers
|
|---|---|---|
| Year Founded | 1992 | 2013 |
| Publicly Traded (Listed) | No | No |
| Bank | Yes | No |
| Tier-1 Licenses | 7 | 1 |
| Tier-2 Licenses | 1 | 0 |
| Tier-3 Licenses | 0 | 0 |
| Tier-4 Licenses | 0 | 1 |
When comparing online brokers Saxo and GBE Brokers, Saxo shines with its competitive pricing, especially for active or high-volume traders. Saxo offers tiered accounts with varying spreads: the Classic account has an average EUR/USD spread of 1.1 pips, while Platinum and VIP accounts offer lower spreads of 1.0 and 0.9 pips, respectively. Notably, Saxo does not charge commissions for forex trading, although it applies a ticket fee of $3 per side for trading less than 50,000 units monthly. The broker also waives custody fees for traders who participate in securities lending, providing more value for those who qualify.
GBE Brokers, on the other hand, does not provide specific average spread data, making a direct cost comparison challenging. However, Saxo's commission-free trading, paired with its tiered pricing model, allows traders to reduce costs significantly as they increase their trading volume. While Saxo requires a hefty minimum deposit for its higher-tier accounts, such as $200,000 for Platinum and $1,000,000 for VIP, the potential savings in fees and exclusive benefits might appeal to more seasoned investors who can meet these thresholds.
In terms of ratings, Saxo holds a superior position with a 5-star rating for commissions and fees and stands at #9 out of 62 brokers ranked by ForexBrokers.com. Conversely, GBE Brokers maintains a 4-star rating and is ranked at #36 in the same category. These rankings highlight Saxo's advantageous position for traders looking for cost efficiency alongside quality service, especially for those willing to maintain higher account balances to access the best deals.
| Feature |
Saxo
|
GBE brokers
|
|---|---|---|
| Minimum Deposit | $0 | $500 |
| Average Spread EUR/USD - Standard | 1.1 | N/A |
| All-in Cost EUR/USD - Active | 0.9 | N/A |
| Active Trader or VIP Discounts | Yes | No |
| ACH or SEPA Transfers | No | Yes |
| PayPal (Deposit/Withdraw) | No | Yes |
| Skrill (Deposit/Withdraw) | No | Yes |
| Visa/Mastercard (Credit/Debit) | Yes | Yes |
| Bank Wire (Deposit/Withdraw) | Yes | Yes |
Dive deeper: Best Low Spread Forex Brokers.
When comparing Saxo and GBE Brokers in terms of investment options, Saxo clearly offers a more extensive range. With an impressive catalog of 70,000 tradeable symbols and 190 forex pairs, Saxo stands out, especially for traders interested in diverse markets. They also provide access to exchange-traded securities on both U.S. and international exchanges, allowing clients to invest in well-known shares like Apple and Vodafone. Additionally, Saxo supports copy trading and offers cryptocurrency derivatives for those looking to explore digital assets.
In contrast, GBE Brokers offers a more limited selection with 500 tradeable symbols and 71 forex pairs. They support forex trading as both CFDs and spot contracts, much like Saxo, but do not provide direct access to exchange-traded securities on U.S. or international exchanges. Similar to Saxo, GBE Brokers does offer copy trading and cryptocurrency derivatives, but the breadth of their investment options does not match up to Saxo's offerings. Consequently, Saxo holds a higher rating for Range of Investments, with 5 stars compared to GBE Brokers’ 3.5 stars, and ranks significantly higher in industry reviews.
| Feature |
Saxo
|
GBE brokers
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 70000 | 500 |
| Forex Pairs (Total) | 190 | 71 |
| U.S. Stock Trading (Non CFD) | Yes | No |
| Int'l Stock Trading (Non CFD) | Yes | 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 Saxo and GBE Brokers, both offer simulated trading with free virtual demo accounts, making them suitable for beginners looking to practice. However, Saxo stands out with its in-house developed proprietary platform, whereas GBE relies on third-party platforms like MetaTrader 4 and 5, providing traders more familiar options. Both brokers offer Windows-based and web-based platforms, along with copy trading capabilities. While neither supports DupliTrade or ZuluTrade, GBE shines with its MT4 and MT5 offerings for users who prefer these specific platforms.
In terms of features and user experience, Saxo has a slight edge. It provides a greater range of charting tools, with 20 drawing tools compared to GBE's 15, and allows trading directly from stock charts. Saxo also offers a highly customizable watchlist with 60 columns, far surpassing GBE's seven fields. Rated five stars for Trading Platforms and Tools, Saxo is ranked #1 out of 62 brokers by ForexBrokers.com, in contrast to GBE's four-star rating and #57 ranking. These distinctions could significantly impact traders choosing between these two brokers for their trading needs.
| Feature |
Saxo
|
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) | No | Yes |
| MetaTrader 5 (MT5) | No | Yes |
| DupliTrade | No | No |
| ZuluTrade | No | No |
| Charting - Indicators / Studies (Total) | 64 | 30 |
| Charting - Drawing Tools (Total) | 20 | 15 |
| Charting - Trade From Chart | Yes | Yes |
| Watchlists - Total Fields | 60 | 7 |
Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.
Both Saxo and GBE Brokers provide convenient mobile trading solutions with apps available for iPhone and Android users. While both platforms offer essential features like stock and forex price alerts, trendline drawing capabilities, and viewing multiple time frames, Saxo edges ahead with more comprehensive charting options. With 64 technical studies compared to GBE's 30, Saxo offers a richer charting experience, catering better to those who want to dive deep into market analysis. Additionally, Saxo allows syncing watchlist symbols across devices, an advantage for those who like to manage their watchlists seamlessly across platforms.
Real-time quotes are accessible on both apps, enabling traders to create and monitor watchlists easily. However, Saxo's higher rating for its mobile app experience is reflected by its 5-star score and #2 ranking in the Mobile Trading Apps category by ForexBrokers.com, compared to GBE Brokers' 4-star rating and #57 ranking. The ability of both platforms to auto-save chart drawings adds to their user-friendly aspect, but Saxo's superior features and higher ratings make it particularly appealing for traders wanting detailed charting tools and seamless functionality.
| Feature |
Saxo
|
GBE brokers
|
|---|---|---|
| Android App | Yes | Yes |
| Apple iOS App | Yes | Yes |
| Mobile Alerts - Basic Fields | Yes | Yes |
| Watchlist Syncing | Yes | No |
| Mobile Charting - Indicators / Studies | 64 | 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 Saxo and GBE Brokers for market research offerings, both provide daily market commentary and economic calendars, catering to traders who rely on current global information. However, Saxo edges forward with its inclusion of forex news from esteemed sources like Bloomberg and Reuters, a feature lacking in GBE Brokers. Saxo further enhances its research suite with tools from Autochartist and offers a sentiment-based trading tool, presenting a more comprehensive choice for users interested in detailed technical analysis and market sentiment insights.
In terms of research ratings and rankings, Saxo stands out significantly with a top-tier rating of five stars, securing the number one spot among 62 brokers on ForexBrokers.com. Meanwhile, GBE Brokers lags with a three-star rating, positioned at number 61, highlighting a gap in their research capabilities compared to Saxo. This stark contrast underscores Saxo's commitment to equipping traders with a rich array of informative tools and sources, making it a preferred choice for those seeking depth and quality in market research.
| Feature |
Saxo
|
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.
For beginners seeking educational resources in online trading, Saxo stands out as a top choice compared to GBE Brokers. Saxo offers an extensive range of educational materials specifically tailored for forex and CFDs, including over 10 articles, videos, or archived webinars on the subjects. Moreover, Saxo regularly hosts monthly online educational webinars and provides a searchable archive of previously recorded sessions, enabling new traders to learn at their own pace. In addition, Saxo has created at least 10 beginner-friendly educational videos, helping newcomers grasp various trading concepts and strategies.
While GBE Brokers offers limited educational resources, Saxo takes it further with advanced educational videos for seasoned traders, providing deeper insights and strategies for those with more experience. To support its users, Saxo also offers an investor dictionary, featuring definitions of over 50 investing terms that are incredibly useful for traders looking to familiarize themselves with industry jargon. Rated five stars for education and ranked 13th out of 62 brokers by ForexBrokers.com, Saxo has established itself as a leader in trader education, whereas GBE Brokers receives a more modest three-star rating and is ranked last by the same review site. This makes Saxo the preferred choice for traders who value comprehensive educational support.
| Feature |
Saxo
|
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 Saxo is better than GBE brokers. Saxo finished with an overall rank of #3, while GBE brokers finished with an overall rank of #56.
Saxo is an exclusive multi-asset broker with brilliant research and a superb trading platform experience – as well as a stunning selection of over 40,000 securities.
| Feature |
Saxo
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GBE brokers
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|---|---|---|
| Overall Rating |
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| Trust Score | 99 | 71 |
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Both Saxo and GBE Brokers do not provide the option to purchase actual delivered cryptocurrency, but they each offer the ability to invest in cryptocurrency derivatives.
While both Saxo and GBE Brokers provide Visa, Mastercard, and bank wire options for depositing and withdrawing funds, GBE Brokers offers additional flexibility with ACH, SEPA, PayPal, and Skrill, which are not available with Saxo.
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 | Saxo | GBE brokers | |
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| Trust Score | 99 | 71 | |
| Winner | check_circle | ||
| Review | Saxo Review |
| Broker Screenshots | Saxo | GBE brokers | |
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| Regulation | Saxo | GBE brokers | |
|---|---|---|---|
| Trust Score | 99 | 71 | |
| Year Founded | 1992 | 2013 | |
| Publicly Traded (Listed) | No | No | |
| Bank | Yes | No | |
| Regulated in one or more EU or EEA countries (MiFID). | Yes | Yes | |
| Tier-1 Licenses | 7 | 1 | |
| Tier-2 Licenses | 1 | 0 | |
| Tier-3 Licenses | 0 | 0 | |
| Tier-4 Licenses | 0 | 1 |
| Tier-1 Licenses (Highly Trusted) | Saxo | GBE brokers | |
|---|---|---|---|
| Australia (ASIC Authorised) | Yes | No | |
| Canada (CIRO Authorised) | No | No | |
| Hong Kong (SFC Authorised) | Yes | No | |
| Japan (SFC Authorised) | Yes | No | |
| Singapore (MAS Authorised) | Yes | No | |
| Switzerland (FINMA Authorised) | Yes | 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) | Saxo | GBE brokers | |
|---|---|---|---|
| Kenya (CMA Authorised) | No | No | |
| Israel (ISA Authorised) | No | No | |
| South Africa (FSCA Authorised) | No | No | |
| UAE (DFSA/Central Bank Authorised) | Yes | No | |
| India (SEBI Authorised) | No | No | |
| Jordan (JSC Authorised) | No | No |
| Investments | Saxo | GBE brokers | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 70000 | 500 | |
| Forex Pairs (Total) | 190 | 71 | |
| U.S. Stock Trading (Non CFD) | Yes | No | |
| Int'l Stock Trading (Non CFD) | Yes | 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 | Saxo | GBE brokers | |
|---|---|---|---|
| Average Spread EUR/USD - Standard | 1.1 | N/A | |
| All-in Cost EUR/USD - Active | 0.9 | N/A | |
| Active Trader or VIP Discounts | Yes | No | |
| Inactivity Fee | Yes | No | |
| Execution: Agency Broker | Yes | No | |
| Execution: Market Maker | Yes | Yes |
| Funding | Saxo | GBE brokers | |
|---|---|---|---|
| Minimum Deposit | $0 | $500 | |
| PayPal (Deposit/Withdraw) | No | Yes | |
| Skrill (Deposit/Withdraw) | No | Yes | |
| Visa/Mastercard (Credit/Debit) | Yes | Yes | |
| Bank Wire (Deposit/Withdraw) | Yes | Yes | |
| ACH or SEPA Transfers | No | Yes |
| Trading Platforms | Saxo | GBE brokers | |
|---|---|---|---|
| Proprietary Platform | Yes | No | |
| Desktop Platform (Windows) | Yes | Yes | |
| Web Platform | Yes | Yes | |
| Social Trading / Copy Trading | Yes | Yes | |
| MetaTrader 4 (MT4) | No | Yes | |
| MetaTrader 5 (MT5) | No | Yes | |
| cTrader | No | No | |
| DupliTrade | No | No | |
| ZuluTrade | No | No |
| Trading Tools | Saxo | GBE brokers | |
|---|---|---|---|
| Virtual Trading (Demo) | Yes | Yes | |
| Alerts - Basic Fields | Yes | Yes | |
| Watchlists - Total Fields | 60 | 7 | |
| Charting - Indicators / Studies (Total) | 64 | 30 | |
| Charting - Drawing Tools (Total) | 20 | 15 | |
| Charting - Trade From Chart | Yes | Yes | |
| Charts can be saved | Yes | Yes |
| Mobile Trading | Saxo | GBE brokers | |
|---|---|---|---|
| Android App | Yes | Yes | |
| Apple iOS App | Yes | Yes | |
| Mobile Alerts - Basic Fields | Yes | Yes | |
| Mobile Watchlist | Yes | Yes | |
| Watchlist Syncing | Yes | No | |
| Mobile Charting - Indicators / Studies | 64 | 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 | Saxo | 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 | Saxo | 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 | Saxo | 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 | Saxo Review |
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| Trust Score | 99 | 71 | |
| Winner | check_circle | ||
| Review | Saxo Review |
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