Written by ForexBrokers.com
In this head to head comparison of GBE brokers vs Xtrade, 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 Xtrade are both established online brokers, with GBE brokers founded in 2013 and Xtrade in 2003. Neither company is publicly traded or operates as a bank. When considering their regulatory information, both brokers have one Tier-1 license, which denotes a high level of trust according to ForexBrokers.com. However, while Xtrade also holds a Tier-2 license, GBE brokers does not, highlighting a slight advantage for Xtrade in terms of regulatory trustworthiness.
In terms of overall trust rating, GBE brokers scores a 71 out of 99 on ForexBrokers.com's Trust Score, which places it in the average risk category. Xtrade scores slightly higher with a 74, still within the average risk range but nearing the trusted category. These scores suggest that while both brokers maintain a sufficient level of trust, Xtrade may offer a marginally more reassuring option for those concerned with regulatory trust when selecting an online broker.
| Feature |
GBE brokers
|
Xtrade
|
|---|---|---|
| Year Founded | 2013 | 2003 |
| Publicly Traded (Listed) | No | No |
| Bank | No | No |
| Tier-1 Licenses | 1 | 1 |
| Tier-2 Licenses | 0 | 1 |
| Tier-3 Licenses | 0 | 0 |
| Tier-4 Licenses | 1 | 1 |
When comparing online brokers, GBE brokers stands out as a competitive option when it comes to commissions and fees. GBE brokers is rated 4 out of 5 stars in this category, making it a strong contender for those seeking an economical trading experience. Ranking at #36 out of 62 brokers by ForexBrokers.com, GBE brokers offers a cost structure that appeals to many traders, although specific details on their average spread are not provided.
In contrast, Xtrade's approach to commissions and fees falls short in comparison. With a rating of 2.5 out of 5 stars, Xtrade ranks at #62, placing it at the bottom of the list according to ForexBrokers.com. This lower rating suggests that traders may face higher costs with Xtrade, which could be a significant consideration for those looking to optimize their trading expenses.
While neither broker provides average spread data, the available ratings and rankings offer a clear picture of their relative standings in terms of commissions and fees. Traders prioritizing cost efficiency may find GBE brokers to be a more favorable option, while others might need to weigh Xtrade’s offerings against potential higher costs.
| Feature |
GBE brokers
|
Xtrade
|
|---|---|---|
| Minimum Deposit | $500 | $250 |
| Average Spread EUR/USD - Standard | N/A | N/A |
| All-in Cost EUR/USD - Active | N/A | N/A |
| Active Trader or VIP Discounts | No | No |
| ACH or SEPA Transfers | Yes | No |
| PayPal (Deposit/Withdraw) | Yes | No |
| 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 GBE Brokers and Xtrade for their range of investments, both platforms offer forex trading as CFDs or spot contracts, catering to traders looking to engage in the forex market. GBE Brokers provides access to a larger number of tradeable symbols with 500 options, including a more extensive selection of 71 forex pairs, whereas Xtrade offers 482 symbols and 56 forex pairs. Neither broker offers exchange-traded securities on U.S. or international exchanges, and they also do not provide opportunities to buy actual cryptocurrencies. Both do offer trading in cryptocurrency derivatives, appealing to traders interested in crypto without owning the underlying asset.
GBE Brokers takes an advantage in terms of additional features by offering copy trading, a useful tool for those interested in mirroring the trades of successful investors, while Xtrade does not provide this option. Despite these differences, both brokers receive a 3.5-star rating for Range of Investments. Nonetheless, GBE Brokers is ranked slightly higher at #44 compared to Xtrade's #49 according to ForexBrokers.com, indicating a slightly broader array of options in their offerings.
| Feature |
GBE brokers
|
Xtrade
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 500 | 482 |
| Forex Pairs (Total) | 71 | 56 |
| U.S. Stock Trading (Non CFD) | No | No |
| Int'l Stock Trading (Non CFD) | No | No |
| Social Trading / Copy Trading | Yes | No |
| 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 the trading platforms and tools between GBE Brokers and Xtrade, both offer simulated trading through free virtual demo accounts, ensuring new and experienced traders can hone their strategies without risk. GBE Brokers relies on popular third-party platforms like MetaTrader 4 and 5, while Xtrade provides its own in-house developed platform. This proprietary approach by Xtrade means a unique platform experience, but it lacks the familiarity and flexibility of the widely-used MetaTrader systems. For desktop enthusiasts, GBE Brokers offers a Windows-based platform, whereas Xtrade is limited to a browser-based experience. Both brokers allow users to trade directly from a stock chart and provided web-based trading options, adding convenience for traders who prioritize flexibility. However, when it comes to copy trading, only GBE Brokers provides this feature, appealing to those interested in mirroring the trades of successful traders.
GBE Brokers outperforms Xtrade with a higher rating of 4 stars versus Xtrade’s 3.5 stars for their trading platforms and tools. In terms of charting capabilities, GBE Brokers offers 15 drawing tools compared to Xtrade’s more extensive selection of 100. In contrast, GBE Brokers supports 7 watch list columns, which fall short of Xtrade’s 9 columns, allowing for more intricate portfolio tracking. Despite these differences, GBE Brokers ranks slightly higher than Xtrade in the ForexBrokers.com list, with a position of 57 out of 62, indicating a marginal but noteworthy edge over Xtrade, which stands in the 58th spot. Ultimately, the choice between these brokers depends on whether a trader values a wider variety of tools with GBE Brokers or the distinctive features of Xtrade’s proprietary platform.
| Feature |
GBE brokers
|
Xtrade
|
|---|---|---|
| Virtual Trading (Demo) | Yes | Yes |
| Proprietary Platform | No | Yes |
| Desktop Platform (Windows) | Yes | No |
| Web Platform | Yes | Yes |
| Social Trading / Copy Trading | Yes | No |
| MetaTrader 4 (MT4) | Yes | No |
| MetaTrader 5 (MT5) | Yes | No |
| DupliTrade | No | No |
| ZuluTrade | No | No |
| Charting - Indicators / Studies (Total) | 30 | N/A |
| Charting - Drawing Tools (Total) | 15 | 100 |
| Charting - Trade From Chart | Yes | Yes |
| Watchlists - Total Fields | 7 | 9 |
Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.
When comparing mobile trading apps, GBE Brokers and Xtrade both offer apps for iPhone and Android. However, they differ in several features that can be crucial for traders. GBE Brokers shine by providing stock and forex price alerts, which Xtrade lacks. Moreover, GBE Brokers include 30 technical studies for chart analysis and allow drawing trendlines—features not available with Xtrade. While neither platform offers syncing watchlist symbols between the mobile app and online accounts, GBE Brokers compensates with the ability to view multiple time frames and auto-save drawings on charts, two options not supported by Xtrade.
Despite some differences, both GBE Brokers and Xtrade share the same mobile app rating of four out of five stars. Although Xtrade is ranked slightly higher in the Mobile Trading Apps category, coming in at #53 compared to GBE Brokers at #57, GBE Brokers provides the added advantage of creating watchlists with real-time quotes, an option not available with Xtrade. Ultimately, while both brokers offer functional mobile apps, GBE Brokers provide more comprehensive features for traders seeking detailed charting tools and price alerts on the go.
| Feature |
GBE brokers
|
Xtrade
|
|---|---|---|
| Android App | Yes | Yes |
| Apple iOS App | Yes | Yes |
| Mobile Alerts - Basic Fields | Yes | No |
| Watchlist Syncing | No | No |
| Mobile Charting - Indicators / Studies | 30 | N/A |
| Mobile Charting - Draw Trendlines | Yes | No |
| Mobile Charting - Multiple Time Frames | Yes | No |
| Mobile Charting - Drawings Autosave | Yes | No |
| Mobile Watchlist | Yes | No |
Dive deeper: Best Forex Trading Apps.
Both GBE Brokers and Xtrade provide traders with daily market commentary and offer an economic calendar to keep up with important global events. However, when it comes to sourcing forex news from top-tier providers like Bloomberg or Reuters, Xtrade has the edge, offering updates from these reputable sources, while GBE Brokers does not. For traders who rely on Autochartist or Trading Central tools for technical analysis, neither platform currently supports these tools. Additionally, GBE Brokers features a useful sentiment-based trading tool that presents the ratio of long or short positions across various instruments, providing insights into market trends, a feature not available with Xtrade.
Despite these offerings, GBE Brokers and Xtrade both have areas for improvement in providing comprehensive market research, as reflected by their research ratings. Xtrade holds a small advantage with a 3.5 out of 5-star rating compared to GBE Brokers' 3-star rating. According to ForexBrokers.com, Xtrade ranks #52 out of 62 brokers in the research category, while GBE Brokers ranks #61. This indicates that while both platforms cover some basic research needs, traders seeking more advanced insights might look elsewhere for additional tools and resources.
| Feature |
GBE brokers
|
Xtrade
|
|---|---|---|
| Daily Market Commentary | Yes | Yes |
| Forex News (Top-Tier Sources) | No | Yes |
| Autochartist | No | No |
| Trading Central (Recognia) | No | No |
| Social Sentiment - Currency Pairs | Yes | No |
| TipRanks | No | No |
| Signal Centre (Acuity Trading) | No | No |
| Economic Calendar | Yes | Yes |
Dive deeper: Best Brokers for Forex Research.
When comparing GBE brokers and Xtrade for the educational resources available to beginners, it's clear that both have areas where they excel and others where they fall short. While GBE brokers do not offer a substantial variety of educational content focused on forex or CFDs, Xtrade stands out by providing over 10 educational pieces such as articles and videos in this area. However, neither platform hosts monthly webinars or has a searchable archive of previously recorded sessions, which might limit opportunities for learners seeking interactive or in-depth guidance.
In addition to general educational content, Xtrade also provides an investor dictionary with definitions for over 50 investing terms, a resource not available from GBE brokers. Despite these differences, both companies lack a wide array of beginner and advanced educational videos focusing on specific trading topics. With these factors in mind, Xtrade slightly edges out GBE brokers, receiving 3.5 stars compared to GBE brokers' 3-star rating for education. Additionally, Xtrade is ranked 46th out of 62 brokers by ForexBrokers.com, while GBE brokers hold the 62nd spot in the educational category.
| Feature |
GBE brokers
|
Xtrade
|
|---|---|---|
| Education (Forex or CFDs) | No | Yes |
| 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 | Yes |
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 Xtrade. GBE brokers finished with an overall rank of #56, while Xtrade finished with an overall rank of #59.
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
|
Xtrade
|
|---|---|---|
| Overall Rating |
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| Trust Score | 71 | 74 |
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Both GBE Brokers and Xtrade do not provide the option to purchase actual cryptocurrency (delivered), but both offer the ability to buy cryptocurrency derivatives.
GBE Brokers provides a wider range of deposit and withdrawal options, including ACH, SEPA, PayPal, Skrill, Visa/Mastercard, and bank wires, while Xtrade offers fewer options, excluding ACH, SEPA, and PayPal, but supports Skrill, Visa/Mastercard, and bank wires.
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 | Xtrade | |
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| Trust Score | 71 | 74 | |
| Winner | check_circle | ||
| Review | Xtrade Review |
| Broker Screenshots | GBE brokers | Xtrade | |
|---|---|---|---|
| Trading Platforms Gallery (click to expand) | |||
| Mobile Trading Gallery (click to expand) | |||
| Research Gallery (click to expand) | |||
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| Regulation | GBE brokers | Xtrade | |
|---|---|---|---|
| Trust Score | 71 | 74 | |
| Year Founded | 2013 | 2003 | |
| 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 | 1 | |
| Tier-3 Licenses | 0 | 0 | |
| Tier-4 Licenses | 1 | 1 |
| Tier-1 Licenses (Highly Trusted) | GBE brokers | Xtrade | |
|---|---|---|---|
| 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 | Xtrade | |
|---|---|---|---|
| Kenya (CMA Authorised) | No | No | |
| Israel (ISA Authorised) | No | No | |
| South Africa (FSCA Authorised) | No | Yes | |
| UAE (DFSA/Central Bank Authorised) | No | No | |
| India (SEBI Authorised) | No | No | |
| Jordan (JSC Authorised) | No | No |
| Investments | GBE brokers | Xtrade | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 500 | 482 | |
| Forex Pairs (Total) | 71 | 56 | |
| U.S. Stock Trading (Non CFD) | No | No | |
| Int'l Stock Trading (Non CFD) | No | No | |
| Social Trading / Copy Trading | Yes | No | |
| 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 | Xtrade | |
|---|---|---|---|
| Average Spread EUR/USD - Standard | N/A | 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 | GBE brokers | Xtrade | |
|---|---|---|---|
| Minimum Deposit | $500 | $250 | |
| PayPal (Deposit/Withdraw) | Yes | No | |
| 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 | Xtrade | |
|---|---|---|---|
| Proprietary Platform | No | Yes | |
| Desktop Platform (Windows) | Yes | No | |
| Web Platform | Yes | Yes | |
| Social Trading / Copy Trading | Yes | No | |
| MetaTrader 4 (MT4) | Yes | No | |
| MetaTrader 5 (MT5) | Yes | No | |
| cTrader | No | No | |
| DupliTrade | No | No | |
| ZuluTrade | No | No |
| Trading Tools | GBE brokers | Xtrade | |
|---|---|---|---|
| Virtual Trading (Demo) | Yes | Yes | |
| Alerts - Basic Fields | Yes | No | |
| Watchlists - Total Fields | 7 | 9 | |
| Charting - Indicators / Studies (Total) | 30 | N/A | |
| Charting - Drawing Tools (Total) | 15 | 100 | |
| Charting - Trade From Chart | Yes | Yes | |
| Charts can be saved | Yes | No |
| Mobile Trading | GBE brokers | Xtrade | |
|---|---|---|---|
| Android App | Yes | Yes | |
| Apple iOS App | Yes | Yes | |
| Mobile Alerts - Basic Fields | Yes | No | |
| Mobile Watchlist | Yes | No | |
| Watchlist Syncing | No | No | |
| Mobile Charting - Indicators / Studies | 30 | N/A | |
| Mobile Charting - Draw Trendlines | Yes | No | |
| Mobile Charting - Multiple Time Frames | Yes | No | |
| Mobile Charting - Drawings Autosave | Yes | No | |
| Mobile Economic Calendar | Yes | No |
| Research | GBE brokers | Xtrade | |
|---|---|---|---|
| Daily Market Commentary | Yes | Yes | |
| Forex News (Top-Tier Sources) | No | Yes | |
| Autochartist | No | No | |
| Trading Central (Recognia) | No | No | |
| TipRanks | No | No | |
| Social Sentiment - Currency Pairs | Yes | No | |
| Economic Calendar | Yes | Yes |
| Education | GBE brokers | Xtrade | |
|---|---|---|---|
| Education (Forex or CFDs) | No | Yes | |
| 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 | Yes |
| Major Forex Pairs | GBE brokers | Xtrade | |
|---|---|---|---|
| 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 | Xtrade Review |
| Overall | GBE brokers | Xtrade | |
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| Trust Score | 71 | 74 | |
| Winner | check_circle | ||
| Review | Xtrade Review |
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