Written by ForexBrokers.com
In this head to head comparison of Spreadex 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.
Spreadex, established in 1999, and GBE brokers, founded in 2013, both operate as online brokers and are not publicly traded or affiliated with banks. Each broker holds one Tier-1 license, signaling a high level of trust in their regulatory standing. However, neither firm holds any Tier-2 licenses. Despite the differing ages of these companies, both have earned a Trust Score rating of 71 from ForexBrokers.com, indicating an average level of risk for users considering their services.
While Spreadex and GBE brokers share similar trust ratings and licensing strength, it's important to note that these scores reflect a moderate risk level. Prospective users may wish to compare other features and services offered by each broker to determine the best fit for their specific trading needs. These statistics help investors make informed decisions by understanding the regulatory environment each broker operates within.
| Feature |
Spreadex
|
GBE brokers
|
|---|---|---|
| Year Founded | 1999 | 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 | 0 | 1 |
When comparing Spreadex and GBE Brokers on commissions and fees, both platforms offer competitive options for traders. Spreadex provided an average spread of 0.81 pips for the EUR/USD pair in January 2024, with a minimum spread of 0.6 pips achieved 60% of the time. Unfortunately, GBE Brokers does not provide average spread data, which may make it less transparent for fee-conscious traders who prioritize cost-efficiency.
In terms of user ratings, both Spreadex and GBE Brokers receive a solid 4 out of 5 stars for their commissions and fees. This suggests that both brokers offer satisfactory pricing structures and are generally well-regarded by their users in this aspect. However, without specific spread data from GBE Brokers, traders may find it more challenging to anticipate the exact costs involved.
According to ForexBrokers.com, Spreadex has a higher ranking in the Commissions and Fees category, positioned at #30 out of 62 brokers, whereas GBE Brokers is ranked at #36. This indicates that while both brokers offer a reliable service, Spreadex is slightly more favorable in terms of ranking, potentially due to its transparent spread data and lower fees on popular currency pairs.
| Feature |
Spreadex
|
GBE brokers
|
|---|---|---|
| Minimum Deposit | $0 | $500 |
| Average Spread EUR/USD - Standard | 0.81 | 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) | 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 the range of investments offered by Spreadex and GBE brokers, both platforms provide their users with the opportunity to engage in forex trading through CFDs or spot contracts. However, Spreadex leads in the variety of tradeable symbols, boasting a staggering 10,000 available, in contrast to GBE brokers' offering of 500. While GBE brokers exceed in tradeable forex pairs, offering 71 compared to Spreadex's 52, neither broker provides access to exchange traded securities on U.S. or international exchanges, such as buying shares in companies like Apple or Vodafone.
For investors interested in cryptocurrency, both brokers offer cryptocurrency derivatives, though neither facilitates the purchase of actual digital coins. GBE brokers offer a unique edge with copy trading features, unlike Spreadex. Despite GBE brokers' attempts to diversify, Spreadex holds a higher rating for its range of investments, boasting 5 stars and a #13 ranking out of 62 brokers according to ForexBrokers.com. Meanwhile, GBE brokers are rated 3.5 stars and rank #44 in the same category.
| Feature |
Spreadex
|
GBE brokers
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 10000 | 500 |
| Forex Pairs (Total) | 52 | 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 comparing Spreadex to GBE brokers for trading platforms and tools, traders will notice distinct differences that cater to different trading preferences. Spreadex offers a proprietary web-based platform developed in-house, which is designed to be user-friendly and efficient for those who value easy online access. However, it lacks a Windows-based desktop version and popular platforms like MetaTrader 4 and 5. Despite having 11 drawing tools for charting and eight fields in watch lists, Spreadex does not support demo accounts or copy trading, which may limit beginners looking to practice. With a four-star rating, Spreadex ranks #46 out of 62 brokers for trading platforms and tools by ForexBrokers.com.
GBE brokers, on the other hand, shines by offering a wide array of trading platforms, including the highly regarded MetaTrader 4 and 5, which appeal to traders who prefer established tools. It also provides a Windows-based desktop platform and a web-based option for flexibility. Notably, GBE brokers offer paper trading and copy trading, benefiting those who want to test strategies without financial risk and those interested in mimicking successful trades. With 15 drawing tools plus seven watch list columns, GBE brokers maintain a four-star rating but rank #57 in the same category when compared against other brokers. This indicates competitive features, albeit positioned differently in the market.
| Feature |
Spreadex
|
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) | 55 | 30 |
| Charting - Drawing Tools (Total) | 11 | 15 |
| Charting - Trade From Chart | Yes | Yes |
| Watchlists - Total Fields | 8 | 7 |
Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.
Both Spreadex and GBE brokers provide mobile trading apps for iPhone and Android users, ensuring you can trade on the go regardless of your device preference. They both support stock and forex price alerts, which means you'll always stay informed about market changes. While neither app offers watchlist symbol syncing between mobile and online accounts, both allow users to draw trendlines and view charts in different time frames, such as daily or weekly. However, GBE brokers offers an edge in technical analysis with 30 chart studies available in its app, a feature not provided by Spreadex.
When it comes to saving your custom chart drawings, GBE brokers takes the lead by automatically saving them, whereas Spreadex does not. Creating a watchlist with real-time quotes is easy with both platforms, catering well to active traders looking to monitor their favorite securities. Based on ratings, both apps share a reputable rating of 4 stars out of 5 for mobile trading, showcasing their overall reliability and user satisfaction. When ranked among 62 brokers by ForexBrokers.com, Spreadex holds a slightly higher spot at #49 compared to GBE brokers at #57, indicating a small competitive edge in their mobile trading offerings.
| Feature |
Spreadex
|
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 | N/A | 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 comparing the market research offerings of Spreadex and GBE brokers, it is clear that both platforms provide useful tools for traders. Both companies offer daily market commentary and a sentiment-based trading tool, which showcases the ratio of long or short positions across various instruments. They also include economic calendars that display significant global events, helping traders stay informed about upcoming market movements. However, these brokers differ in certain areas that can impact a trader's decision. Spreadex stands out by delivering forex news from top-tier sources like Bloomberg and Reuters, a service that GBE brokers does not provide.
Neither Spreadex nor GBE brokers offer technical analysis or fundamental research tools from well-known companies like Autochartist or Trading Central, nor do they provide market research from TipRanks or Acuity Trading. Despite these commonalities, Spreadex earns a higher research rating with four stars, compared to GBE brokers, which receives three stars. Additionally, according to ForexBrokers.com, Spreadex ranks 31st out of 62 brokers for research, whereas GBE brokers lags behind at the 61st position. This places Spreadex ahead in providing more comprehensive market research services compared to GBE brokers.
| Feature |
Spreadex
|
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 | 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 aimed at beginners in forex and CFDs trading, Spreadex holds a notable advantage over GBE Brokers. Spreadex offers a rich collection of educational materials with over 10 pieces dedicated to essential forex and CFDs topics, catering specifically to newcomers. They provide more than 10 beginner-focused videos that cover a range of trading topics, making it easier for aspiring traders to understand the complexities of the market. Additionally, Spreadex includes a comprehensive investor dictionary with over 50 important terms, helping traders build a strong foundation. In contrast, GBE Brokers lacks these extensive resources, offering neither the quantity nor the variety of educational content that Spreadex has.
Although both brokers do not provide online webinars or archives of past webinars, Spreadex is rated higher in educational offerings, earning a rating of 4 stars compared to GBE Brokers' 3 stars. According to ForexBrokers.com rankings, Spreadex stands at position #45 out of 62 for their educational initiatives, while GBE Brokers is ranked at #62. This comparison highlights Spreadex as the more beginner-friendly option, offering a wider array of educational tools to support new traders on their journey.
| Feature |
Spreadex
|
GBE brokers
|
|---|---|---|
| Education (Forex or CFDs) | Yes | 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) | Yes | No |
Dive deeper: Best Forex Brokers for Beginners.
After testing 62 of the best forex brokers, our research and account testing finds that Spreadex is better than GBE brokers. Spreadex finished with an overall rank of #39, while GBE brokers finished with an overall rank of #56.
Spreadex is an FCA-regulated broker in the UK, offering forex and CFDs, and is well known for its sports betting business, and proprietary web trading platforms. Spreadex still has considerable room to improve, in key categories such as research and education, compared to the best forex brokers.
| Feature |
Spreadex
|
GBE brokers
|
|---|---|---|
| Overall Rating |
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| Trust Score | 71 | 71 |
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Both Spreadex and GBE Brokers do not offer the ability to buy actual delivered cryptocurrency, but they do provide options to invest in cryptocurrency derivatives.
When comparing the online broker Spreadex to GBE brokers, it's notable that GBE brokers offer more diverse options for depositing or withdrawing account funds, including ACH or SEPA transfers, PayPal, and Skrill, whereas both platforms support Visa, Mastercard, and bank wire transactions.
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 | Spreadex | GBE brokers | |
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| Trust Score | 71 | 71 | |
| Winner | check_circle | ||
| Review | Spreadex Review |
| Broker Screenshots | Spreadex | GBE brokers | |
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| Trading Platforms Gallery (click to expand) | |||
| Mobile Trading Gallery (click to expand) | |||
| Research Gallery (click to expand) | |||
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| Regulation | Spreadex | GBE brokers | |
|---|---|---|---|
| Trust Score | 71 | 71 | |
| Year Founded | 1999 | 2013 | |
| Publicly Traded (Listed) | No | No | |
| Bank | No | No | |
| Regulated in one or more EU or EEA countries (MiFID). | No | Yes | |
| Tier-1 Licenses | 1 | 1 | |
| Tier-2 Licenses | 0 | 0 | |
| Tier-3 Licenses | 0 | 0 | |
| Tier-4 Licenses | 0 | 1 |
| Tier-1 Licenses (Highly Trusted) | Spreadex | 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). | No | Yes |
| Tier-2 Licenses (Trusted) | Spreadex | 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 | Spreadex | GBE brokers | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 10000 | 500 | |
| Forex Pairs (Total) | 52 | 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 | Spreadex | GBE brokers | |
|---|---|---|---|
| Average Spread EUR/USD - Standard | 0.81 | 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 | Spreadex | 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 | Spreadex | 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 | Spreadex | GBE brokers | |
|---|---|---|---|
| Virtual Trading (Demo) | No | Yes | |
| Alerts - Basic Fields | Yes | Yes | |
| Watchlists - Total Fields | 8 | 7 | |
| Charting - Indicators / Studies (Total) | 55 | 30 | |
| Charting - Drawing Tools (Total) | 11 | 15 | |
| Charting - Trade From Chart | Yes | Yes | |
| Charts can be saved | Yes | Yes |
| Mobile Trading | Spreadex | 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 | N/A | 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 | Spreadex | 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 | Yes | Yes | |
| Economic Calendar | Yes | Yes |
| Education | Spreadex | GBE brokers | |
|---|---|---|---|
| Education (Forex or CFDs) | Yes | 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) | Yes | No |
| Major Forex Pairs | Spreadex | 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 | Spreadex Review |
| Overall | Spreadex | GBE brokers | |
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| Trust Score | 71 | 71 | |
| Winner | check_circle | ||
| Review | Spreadex Review |
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