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 |
Choosing an online broker often comes down to the details of commissions and fees, and comparing XM Group and GBE brokers is no exception. XM Group's standard account might catch your eye with its comprehensive offerings, but you should know that the spreads here are typically on the higher side. For those considering the XM Zero account, it's crucial to note that they do not publicly share average spread data, which might make cost comparisons a bit challenging.
On the other hand, GBE brokers also fall short in transparency, as they do not provide data on their average spreads either. Despite this lack of information, both brokers manage to hold their ground in the market with competitive offerings that may appeal to different kinds of traders depending on their specific needs and trading strategies.
In terms of industry ratings, both brokers score 4 out of 5 stars for their commissions and fees structure. As per ForexBrokers.com rankings, XM Group is positioned at #33, showcasing a slightly better edge over GBE brokers, which is ranked at #37 out of 62 brokers. This suggests that while both are reputable options, XM Group might offer just a bit more to warrant a closer look if you are weighing your options primarily based on commissions and fees.
| 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 trading platforms and tools, both XM Group and GBE brokers offer comparable features to enhance the trading experience for their users. Both brokers provide free virtual demo accounts, enabling users to practice and hone their trading skills in a simulated environment. Neither XM Group nor GBE brokers have developed their own proprietary platforms, but they do support popular industry standards like MetaTrader 4 (MT4) and MetaTrader 5 (MT5), accessible via both desktop downloads for Windows and web-based interfaces. Importantly, copy trading is also supported by each broker, giving traders the chance to follow and replicate other traders' strategies.
In terms of charting tools, both XM Group and GBE brokers offer 15 drawing tools and the option to trade directly from stock charts. Their watch lists are similarly structured, providing seven fields (columns) for users to monitor their investments effectively. Both brokers are rated four stars for their trading platforms and tools but are ranked differently by ForexBrokers.com, with XM Group at #31 and GBE brokers at #57 out of 62 brokers. This difference might indicate a slight variation in user satisfaction or the nuanced features each broker might offer in their extensive lineup.
| 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.
When comparing the mobile trading apps of XM Group and GBE brokers, it's clear both platforms cater to traders who use iPhones and Androids, offering apps equipped with essential features like stock and forex price alerts. Both apps support drawing trendlines on charts and provide access to various time frames, including daily, weekly, and intraday views. They come with 30 technical studies each for thorough chart analysis. However, a significant difference is that XM Group syncs watchlist symbols across devices and accounts, while GBE brokers currently does not provide this feature.
Additionally, while GBE brokers offer the convenience of auto-saving chart drawings, this feature is not available with XM Group. Both platforms, however, allow users to create watchlists with real-time quotes. In terms of ratings, both brokers score a solid 4 out of 5 stars for their mobile trading apps. Nevertheless, XM Group is ranked higher by ForexBrokers.com at 29th out of 62 brokers, compared to GBE brokers, which is ranked at 57th, suggesting a slightly better overall perception for XM Group's mobile trading experience.
| 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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