Written by ForexBrokers.com
In this head to head comparison of GBE brokers vs TopFX, 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 and TopFX are both well-established online brokers, with GBE brokers founded in 2013 and TopFX in 2010. Neither broker is publicly traded, nor do they operate as banks. In terms of regulatory trust, each holds one Tier-1 license, which is considered highly trusted. However, neither holds a Tier-2 license. The ForexBrokers.com Trust Score rates GBE brokers with a score of 71, placing it within the average risk category, while TopFX scores slightly lower at 67, aligning it in the high-risk category.
| Feature |
GBE brokers
|
TopFX
|
|---|---|---|
| Year Founded | 2013 | 2010 |
| 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 GBE brokers and TopFX on commissions and fees, both brokers offer competitive options with a similar rating. GBE brokers are rated 4 out of 5 stars for commissions and fees. Unfortunately, average spread data for GBE brokers is not available, which may make it challenging for potential clients to precisely estimate trading costs. Despite this, GBE brokers are ranked at #37 out of 62 brokers in the Commissions and Fees category by ForexBrokers.com.
TopFX also receives a 4-star rating for commissions and fees and offers two account types, the ZERO and RAW accounts, available on MetaTrader and cTrader platforms. For traders who prefer a straightforward structure, the ZERO account has no commission but features higher spreads, averaging 1.03 pips on the EUR/USD as of July 2024. In contrast, the RAW account is a commission-based option with average spreads of 0.33 pips on the same currency pair and a commission charge of 5.50 EUR per round turn, leading to all-in costs roughly around 0.88 pips, aligning with industry standards.
Despite both brokers having the same star rating, TopFX is ranked slightly lower than GBE brokers, positioned at #40 out of 62 brokers by ForexBrokers.com in the Commissions and Fees category. This, along with customizable account options, makes TopFX appealing to various trading styles, although GBE brokers hold a marginally higher rank.
| Feature |
GBE brokers
|
TopFX
|
|---|---|---|
| Minimum Deposit | $500 | Depends on payment method |
| Average Spread EUR/USD - Standard | N/A | 1.03 |
| All-in Cost EUR/USD - Active | N/A | 0.88 |
| Active Trader or VIP Discounts | No | No |
| ACH or SEPA Transfers | Yes | No |
| 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 range of investments available at GBE brokers and TopFX, both platforms provide access to forex trading as CFDs or spot contracts. GBE brokers offers a total of 500 tradable symbols, including an impressive 71 Forex pairs, while TopFX boasts 655 tradable symbols with 60 Forex pairs. Neither broker provides access to exchange-traded securities on U.S. or international exchanges, meaning investors cannot purchase stocks like Apple or Vodafone directly. Both brokers do offer copy trading capabilities, allowing clients to mimic the strategies of successful traders.
In terms of cryptocurrency offerings, GBE brokers and TopFX both allow the trading of cryptocurrency derivatives but do not offer the buying of actual cryptocurrencies. Despite these similarities, there isn't a significant difference in their ratings, both receiving a 3.5 out of 5 stars for the range of investments. On ForexBrokers.com, GBE brokers slightly edges out TopFX, ranked at #44 compared to TopFX's #46 among 62 brokers. This suggests that while their offerings are comparable, GBE brokers may have a slight advantage in the investment range department.
| Feature |
GBE brokers
|
TopFX
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 500 | 655 |
| Forex Pairs (Total) | 71 | 60 |
| 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 TopFX provide users with a comprehensive range of trading platforms and tools. Each offers simulated (paper) trading with free virtual demo accounts, making them accessible for those new to the trading world. Additionally, both brokers support popular platforms like MetaTrader 4 (MT4), but only GBE Brokers extends its offering with MetaTrader 5 (MT5). Both brokers are equipped with Windows-based desktop download trading platforms and web-based platforms, ensuring flexibility for traders who prefer different devices.
Despite neither broker offering proprietary platforms or services like DupliTrade and ZuluTrade, they still offer effective solutions. Both brokers support copy trading, and their charting tools include 15 drawing tools coupled with the ability to trade directly from stock charts. Furthermore, they each allow for seven columns in watch lists, but despite these similarities, TopFX holds a slightly higher rank than GBE Brokers at #45 versus #57 in the Trading Platforms and Tools category, even though both have a four-star rating from ForexBrokers.com. These offerings reflect established standards while maintaining user-friendly interfaces that cater to various trader needs.
| Feature |
GBE brokers
|
TopFX
|
|---|---|---|
| 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 | No |
| DupliTrade | No | No |
| ZuluTrade | No | No |
| Charting - Indicators / Studies (Total) | 30 | 30 |
| Charting - Drawing Tools (Total) | 15 | 15 |
| Charting - Trade From Chart | Yes | Yes |
| Watchlists - Total Fields | 7 | 7 |
Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.
GBE Brokers and TopFX both offer versatile mobile trading apps available on iOS and Android platforms. Traders can benefit from price alerts for stocks and forex, along with the option to create personalized watchlists featuring real-time quotes. Although neither app supports watchlist symbol syncing, both allow for robust technical analysis with 30 technical studies available. Drawing trendlines and viewing charts in various time frames, such as daily or weekly, is supported, and all chart annotations are conveniently auto-saved for future sessions.
Despite offering similar functionalities, such as drawing tools and multiple time frame views, both apps have their differences in user rankings. GBE Brokers has a user rating of 4 stars and ranks 57th out of 62 brokers according to ForexBrokers.com. Similarly, TopFX holds a 4-star rating but is slightly ahead, ranked at 51. Both platforms offer a reliable mobile trading experience, though users might find differences in usability and platform preference that can dictate their choice.
| Feature |
GBE brokers
|
TopFX
|
|---|---|---|
| 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 comparing the market research offerings of GBE Brokers and TopFX, both platforms present unique benefits and limitations. GBE Brokers provides daily market commentary and a sentiment-based trading tool that can help traders gauge market trends through a ratio of long or short positions. Additionally, they offer an economic calendar to keep traders informed of global news events affecting various economies. However, GBE Brokers does not deliver forex news from top-tier sources like Bloomberg, nor do they offer analytical tools from Autochartist or Trading Central, which may limit the scope of advanced research available to its users.
TopFX, on the other hand, stands out by offering forex news from reputable sources such as Bloomberg, Reuters, or Dow Jones, along with technical analysis and research tools from companies like Autochartist and Trading Central. Like GBE Brokers, TopFX also provides a sentiment-based trading tool and an economic calendar. Despite these offerings, both brokers are rated 3 out of 5 stars for research and hold similar rankings by ForexBrokers.com, with GBE Brokers at #61 and TopFX slightly ahead at #59 out of 62 brokers. Thus, while each has its strengths, traders might want to evaluate whether these research features align with their individual trading strategies and needs.
| Feature |
GBE brokers
|
TopFX
|
|---|---|---|
| Daily Market Commentary | Yes | No |
| Forex News (Top-Tier Sources) | No | Yes |
| Autochartist | No | Yes |
| Trading Central (Recognia) | No | Yes |
| 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 TopFX fall short in offering a comprehensive learning experience. Neither broker provides the minimum of 10 educational pieces focused on forex or CFDs. Additionally, online educational webinars offered by these brokers are non-existent, and there are no searchable archives for previously recorded webinars for clients seeking to learn at their own pace. For traders who prefer video content, the picture remains the same, as neither GBE Brokers nor TopFX offers a sufficient number of beginner or advanced educational videos tailored to different levels of trading expertise. The absence of an investor dictionary from both brokers further indicates a gap in providing foundational resources that could be beneficial for beginner traders trying to understand complex investing terminologies.
Despite their shortcomings in educational offerings, GBE Brokers and TopFX both received a rating of 3 stars out of five for Education. Perhaps surprisingly, they were ranked among the least impressive options out of a total of 62 brokers, with GBE Brokers holding the #62 position and TopFX slightly higher at #60 according to ForexBrokers.com. While both brokers provide some value, beginners in search of rich educational content might find themselves exploring other options that offer a more extensive array of resources to support their trading journey.
| Feature |
GBE brokers
|
TopFX
|
|---|---|---|
| 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 | No |
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 TopFX. GBE brokers finished with an overall rank of #56, while TopFX finished with an overall rank of #61.
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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TopFX
|
|---|---|---|
| Overall Rating |
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| Trust Score | 71 | 67 |
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Both GBE Brokers and TopFX do not offer the option to buy actual delivered cryptocurrency, but they each provide the capability to trade in cryptocurrency derivatives.
GBE Brokers and TopFX both support popular payment methods like PayPal, Skrill, Visa, Mastercard, and bank wires for deposits and withdrawals, but only GBE Brokers offers the additional flexibility of ACH or SEPA transfers, which TopFX does not provide.
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 | TopFX | |
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| Trust Score | 71 | 67 | |
| Winner | check_circle | ||
| Review | TopFX Review |
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| Regulation | GBE brokers | TopFX | |
|---|---|---|---|
| Trust Score | 71 | 67 | |
| Year Founded | 2013 | 2010 | |
| 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) | GBE brokers | TopFX | |
|---|---|---|---|
| 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 | TopFX | |
|---|---|---|---|
| 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 | GBE brokers | TopFX | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 500 | 655 | |
| Forex Pairs (Total) | 71 | 60 | |
| 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 | TopFX | |
|---|---|---|---|
| Average Spread EUR/USD - Standard | N/A | 1.03 | |
| All-in Cost EUR/USD - Active | N/A | 0.88 | |
| Active Trader or VIP Discounts | No | No | |
| Inactivity Fee | No | No | |
| Execution: Agency Broker | No | No | |
| Execution: Market Maker | Yes | Yes |
| Funding | GBE brokers | TopFX | |
|---|---|---|---|
| Minimum Deposit | $500 | Depends on payment method | |
| 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 | No |
| Trading Platforms | GBE brokers | TopFX | |
|---|---|---|---|
| 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 | No | |
| cTrader | No | Yes | |
| DupliTrade | No | No | |
| ZuluTrade | No | No |
| Trading Tools | GBE brokers | TopFX | |
|---|---|---|---|
| Virtual Trading (Demo) | Yes | Yes | |
| Alerts - Basic Fields | Yes | Yes | |
| Watchlists - Total Fields | 7 | 7 | |
| Charting - Indicators / Studies (Total) | 30 | 30 | |
| Charting - Drawing Tools (Total) | 15 | 15 | |
| Charting - Trade From Chart | Yes | Yes | |
| Charts can be saved | Yes | Yes |
| Mobile Trading | GBE brokers | TopFX | |
|---|---|---|---|
| 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 | GBE brokers | TopFX | |
|---|---|---|---|
| Daily Market Commentary | Yes | No | |
| Forex News (Top-Tier Sources) | No | Yes | |
| Autochartist | No | Yes | |
| Trading Central (Recognia) | No | Yes | |
| TipRanks | No | No | |
| Social Sentiment - Currency Pairs | Yes | Yes | |
| Economic Calendar | Yes | Yes |
| Education | GBE brokers | TopFX | |
|---|---|---|---|
| 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 | No |
| Major Forex Pairs | GBE brokers | TopFX | |
|---|---|---|---|
| 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 | TopFX Review |
| Overall | GBE brokers | TopFX | |
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| Trust Score | 71 | 67 | |
| Winner | check_circle | ||
| Review | TopFX Review |
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