Written by ForexBrokers.com
In this head to head comparison of XM Group 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 XM Group and GBE brokers, we notice several key differences in their regulatory standing and trust ratings. XM Group was founded in 2009 and holds a Trust Score of 88 from ForexBrokers.com, placing it in the "trusted" category. GBE brokers, established in 2013, has a Trust Score of 71, indicating an "average risk" rating. Neither of these brokers is publicly traded nor operates as a bank, and thus, they are not influenced by stock market pressures.
In terms of licenses, XM Group holds a significant advantage with four Tier-1 licenses, regarded as highly trusted, and one Tier-2 license, classified as trusted. This indicates a strong regulatory framework for XM Group. In contrast, GBE brokers possess only one Tier-1 license and lack any Tier-2 licenses, offering less regulatory backing. These distinctions highlight XM Group's stronger regulatory position and trustworthiness in the online brokerage sector compared to GBE brokers.
| Feature |
XM Group
|
GBE brokers
|
|---|---|---|
| Year Founded | 2009 | 2013 |
| Publicly Traded (Listed) | No | No |
| Bank | No | No |
| Tier-1 Licenses | 4 | 1 |
| Tier-2 Licenses | 1 | 0 |
| Tier-3 Licenses | 0 | 0 |
| Tier-4 Licenses | 1 | 1 |
When considering commissions and fees, XM Group presents some challenges due to its pricing structure. While its standard account spreads are on the high side, the specific spread information for the XM Zero account, which operates on commissions, isn't publicly shared. This lack of transparency can make it difficult for potential users to gauge costs precisely. Despite these drawbacks, XM Group earns a commendable four-star rating for its commissions and fees.
GBE Brokers, similar to XM Group, does not make its average spread data readily available. This can pose difficulties for traders looking to assess overall trading costs. Nonetheless, like XM Group, GBE Brokers has also received a four-star rating for its performance in the commissions and fees category.
In a broader comparison of 62 online brokers by ForexBrokers.com, XM Group stands at rank number 33 in the Commissions and Fees category, slightly ahead of GBE Brokers, which holds the 36th position. This ranking highlights the subtle differences in how each platform manages its fee structures, with both maintaining competitive yet somewhat opaque pricing models.
| Feature |
XM Group
|
GBE brokers
|
|---|---|---|
| Minimum Deposit | $5 | $500 |
| Average Spread EUR/USD - Standard | 1.6 | N/A |
| All-in Cost EUR/USD - Active | 0.8 | N/A |
| Active Trader or VIP Discounts | No | No |
| ACH or SEPA Transfers | No | Yes |
| PayPal (Deposit/Withdraw) | No | 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 available through XM Group and GBE brokers, XM Group stands out with a broader selection of tradeable symbols, offering 1,394 compared to GBE brokers' 500. Although both brokers provide access to forex trading as either CFDs or spot contracts, GBE brokers lead slightly in the variety of forex pairs, offering 71 pairs compared to XM Group’s 55. A significant advantage of XM Group is its access to exchange-traded securities on both U.S. and international exchanges, which allows clients to purchase shares like Apple or Vodafone directly. GBE brokers, on the other hand, do not offer this facility.
Both brokers provide copy trading and cryptocurrency derivatives, but neither allows the purchase of actual cryptocurrencies. The broader investment range of XM Group is reflected in its higher rating of 4.5 stars compared to GBE brokers’ 3.5 stars, as well as its better ranking of 23rd place for the Range of Investments category by ForexBrokers.com, in contrast to GBE brokers' 44th place. These factors suggest that investors seeking a wider array of investment opportunities might find XM Group to be the more attractive option.
| Feature |
XM Group
|
GBE brokers
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 1394 | 500 |
| Forex Pairs (Total) | 55 | 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 it comes to comparing XM Group and GBE brokers, both offer a suite of trading platforms and tools that cater to various trader needs. Both brokers provide demo accounts, allowing traders to practice and refine their skills without financial risk. Enthusiasts of the MetaTrader platforms will be pleased, as both XM Group and GBE brokers support MetaTrader 4 and MetaTrader 5, offering Windows-based desktop and web-based platforms. Despite not having proprietary platforms, they both facilitate copy trading, which allows traders to mimic the investment decisions of experienced traders. Additionally, traders can execute trades directly from stock charts on both platforms.
In terms of charting options, each broker provides a variety of drawing tools—15 in total—but the technical indicators available for charting are not specified. For managing investments, both brokers offer the same flexibility with watch lists, providing 7 customizable columns or fields. While they both garnered a respectable 4 out of 5-star rating for their trading platforms and tools, XM Group is ranked at #30 among a pool of 62 brokers, while GBE brokers sit lower at #57, according to ForexBrokers.com. This suggests that while both offer similar functionalities, XM Group might provide a slightly enhanced user experience.
| Feature |
XM Group
|
GBE brokers
|
|---|---|---|
| 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 | Yes |
| 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.
Both XM Group and GBE brokers offer mobile trading apps for iPhone and Android devices, providing essential features like stock and forex price alerts and the ability to create watchlists with real-time quotes. However, a key difference arises in watchlist functionality. XM Group's mobile app supports syncing watchlists with a client's online account, ensuring changes are reflected across platforms. In contrast, GBE brokers does not offer this syncing capability. When it comes to charting, both apps are well-equipped with 30 technical studies, the option to draw trendlines, and the ability to view various time frames such as daily, weekly, or intraday. However, while GBE brokers' app conveniently auto-saves drawings on charts, XM Group does not include this feature.
According to user ratings, both XM Group and GBE brokers receive a solid four stars out of five for their mobile trading apps. Despite this similarity in user ratings, XM Group holds a higher position in the ForexBrokers.com rankings for mobile trading apps, securing the 27th spot out of 62 brokers. In comparison, GBE brokers lands at the 57th position, suggesting a slight edge for XM Group in overall perception and usability. With these insights, traders can choose an app that best fits their trading needs, balancing features like syncing capabilities and auto-saving functionalities.
| Feature |
XM Group
|
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 | 30 | 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 it comes to market research, XM Group stands out as a robust option for traders looking for comprehensive information. XM Group provides daily market commentary, ensuring traders always have insights into market trends. They also offer forex news from top-tier sources like Bloomberg and Reuters, which can be crucial for making informed trading decisions. Additionally, traders can benefit from the technical insights provided by Trading Central, including Technical Analytics, and utilize sentiment-based tools that reveal the ratio of long or short positions across currency pairs. An economic calendar is also available, helping traders track important global news events. With these offerings, it's no surprise XM Group has earned a five-star research rating and is ranked 8th out of 62 brokers by ForexBrokers.com.
In comparison, GBE Brokers also delivers daily market commentary and offers a sentiment-based trading tool, similar to XM Group. They provide an economic calendar to track current and upcoming global events. However, GBE Brokers does not offer forex news from major sources like Bloomberg and Reuters, nor do they provide research tools from Trading Central. These limitations might impact their appeal for traders relying heavily on such resources. Consequently, GBE Brokers only achieved a three-star rating in the research category and are positioned 61st out of 62 brokers in the ForexBrokers.com ranking.
| Feature |
XM Group
|
GBE brokers
|
|---|---|---|
| Daily Market Commentary | Yes | Yes |
| Forex News (Top-Tier Sources) | Yes | 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 educational resources for beginners, XM Group clearly outshines GBE brokers. XM Group offers a variety of educational materials, including more than 10 articles, videos, and webinars focused on forex and CFDs. Beginners can benefit from their online client webinars which occur at least once a month, and if they miss any, they can explore a searchable archive of recorded sessions. Furthermore, XM Group provides over 10 videos catered specifically to beginner traders, and even more for those seeking advanced trading knowledge. GBE brokers, on the other hand, fall short in these areas, offering fewer educational resources and no regular webinars or archives.
Both XM Group and GBE brokers lack an investor dictionary with key investing term definitions, but this doesn’t detract significantly from XM Group’s overall educational offering. XM Group boasts a 5-star rating for its educational services, securing the 7th spot out of 62 brokers in the Education category on ForexBrokers.com. In contrast, GBE brokers receive a modest 3-star rating and rank last in this category. For beginners looking to enhance their trading knowledge and skills, XM Group provides a more comprehensive and engaging educational experience than GBE brokers.
| Feature |
XM Group
|
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) | No | No |
Dive deeper: Best Forex Brokers for Beginners.
After testing 62 of the best forex brokers, our research and account testing finds that XM Group is better than GBE brokers. XM Group finished with an overall rank of #17, while GBE brokers finished with an overall rank of #56.
XM Group is a MetaTrader-only broker that offers a strong selection of high-quality educational content and market research.
| Feature |
XM Group
|
GBE brokers
|
|---|---|---|
| Overall Rating |
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| Trust Score | 88 | 71 |
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Both XM Group and GBE brokers do not offer the ability to buy actual delivered cryptocurrency, but they provide options to trade cryptocurrency derivatives.
While both XM Group and GBE brokers offer Skrill, Visa/Mastercard, and bank wires for depositing or withdrawing funds, GBE brokers additionally supports ACH or SEPA transfers and PayPal, unlike XM Group which does not provide these options.
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 | XM Group | GBE brokers | |
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| Trust Score | 88 | 71 | |
| Winner | check_circle | ||
| Review | XM Group Review |
| Broker Screenshots | XM Group | GBE brokers | |
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| Regulation | XM Group | GBE brokers | |
|---|---|---|---|
| Trust Score | 88 | 71 | |
| Year Founded | 2009 | 2013 | |
| Publicly Traded (Listed) | No | No | |
| Bank | No | No | |
| Regulated in one or more EU or EEA countries (MiFID). | Yes | Yes | |
| Tier-1 Licenses | 4 | 1 | |
| Tier-2 Licenses | 1 | 0 | |
| Tier-3 Licenses | 0 | 0 | |
| Tier-4 Licenses | 1 | 1 |
| Tier-1 Licenses (Highly Trusted) | XM Group | GBE brokers | |
|---|---|---|---|
| Australia (ASIC Authorised) | Yes | 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) | XM Group | 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 | XM Group | GBE brokers | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 1394 | 500 | |
| Forex Pairs (Total) | 55 | 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 | XM Group | GBE brokers | |
|---|---|---|---|
| Average Spread EUR/USD - Standard | 1.6 | N/A | |
| All-in Cost EUR/USD - Active | 0.8 | N/A | |
| Active Trader or VIP Discounts | No | No | |
| Inactivity Fee | Yes | No | |
| Execution: Agency Broker | No | No | |
| Execution: Market Maker | Yes | Yes |
| Funding | XM Group | GBE brokers | |
|---|---|---|---|
| Minimum Deposit | $5 | $500 | |
| PayPal (Deposit/Withdraw) | No | 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 | XM Group | GBE brokers | |
|---|---|---|---|
| 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 | Yes | |
| cTrader | No | No | |
| DupliTrade | No | No | |
| ZuluTrade | No | No |
| Trading Tools | XM Group | GBE brokers | |
|---|---|---|---|
| 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 | XM Group | 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 | 30 | 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 | XM Group | GBE brokers | |
|---|---|---|---|
| Daily Market Commentary | Yes | Yes | |
| Forex News (Top-Tier Sources) | Yes | No | |
| Autochartist | No | No | |
| Trading Central (Recognia) | Yes | No | |
| TipRanks | No | No | |
| Social Sentiment - Currency Pairs | Yes | Yes | |
| Economic Calendar | Yes | Yes |
| Education | XM Group | 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) | No | No |
| Major Forex Pairs | XM Group | 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 | XM Group Review |
| Overall | XM Group | GBE brokers | |
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| Trust Score | 88 | 71 | |
| Winner | check_circle | ||
| Review | XM Group Review |
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