Written by ForexBrokers.com
In this head to head comparison of Eightcap 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 online brokers Eightcap and GBE brokers, regulatory information and trust scores are key factors. Eightcap, established in 2009, holds three Tier-1 licenses, considered highly trusted, giving it a ForexBrokers.com Trust Score of 85, placing it in the trusted category. Meanwhile, GBE brokers, founded in 2013, holds one Tier-1 license and has a trust score of 71, categorizing it as average risk. Neither broker is publicly traded or operates as a bank, making their trust ratings and the number of licenses they hold important considerations for potential investors.
Despite both companies not being listed on stock exchanges or functioning as banks, Eightcap's higher trust score and more extensive regulatory oversight through multiple Tier-1 licenses make it a more preferred choice for those prioritizing security and trustworthiness. While GBE brokers still maintains a decent level of trust, potential clients should weigh its comparatively lower trust score and regulatory coverage before deciding on their investments.
| Feature |
Eightcap
|
GBE brokers
|
|---|---|---|
| Year Founded | 2009 | 2013 |
| Publicly Traded (Listed) | No | No |
| Bank | No | No |
| Tier-1 Licenses | 3 | 1 |
| Tier-2 Licenses | 0 | 0 |
| Tier-3 Licenses | 0 | 0 |
| Tier-4 Licenses | 1 | 1 |
Eightcap provides two types of accounts that determine the commissions and fees: the commission-based Raw account and the spread-only Standard account. For the Raw account, Eightcap advertises an average spread of 0.06 pips, but when including the per-side commission of $3.50 per trade, the total cost is around 0.76 pips. This is slightly below the industry average of 0.8 pips. However, Eightcap’s overall fees are somewhat higher compared to the most affordable forex brokers. Eightcap receives a 4-star rating for its commissions and fees, ranking it 26th out of 63 brokers on ForexBrokers.com.
In contrast, GBE brokers do not provide specific average spread data, making it challenging to directly compare their costs upfront. They also receive a 4-star rating for commissions and fees. However, GBE brokers are ranked 37th out of 63 brokers in the Commissions and Fees category on ForexBrokers.com, indicating that they may not be as cost-competitive as Eightcap in this regard.
| Feature |
Eightcap
|
GBE brokers
|
|---|---|---|
| Minimum Deposit | $100 | $500 |
| Average Spread EUR/USD - Standard | 1.0 | N/A |
| All-in Cost EUR/USD - Active | 0.76 | N/A |
| Active Trader or VIP Discounts | No | No |
| ACH or SEPA Transfers | No | Yes |
| 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 Eightcap and GBE brokers, both platforms offer a diverse array of investment opportunities for traders, though with some differences in their offerings. Eightcap boasts a total of 736 tradeable symbols, including 56 forex pairs available for trading as CFDs or spot contracts. Meanwhile, GBE brokers provide 500 tradeable symbols, with a slightly broader forex selection of 71 pairs. Both brokers support trading through CFDs but do not offer direct access to exchange-traded securities, such as U.S. and international stocks. Additionally, neither platform allows users to purchase actual cryptocurrencies but does offer cryptocurrency derivatives for those interested in digital asset trading.
Eightcap and GBE brokers are equipped to facilitate copy trading, allowing their users to mimic successful trades made by others. With both brokers sharing a 3.5-star rating for their range of investments, they provide comparable service quality but with slight variations in rankings. Eightcap is positioned at #40, while GBE brokers hold the #44 spot out of 63 brokers reviewed by ForexBrokers.com. This positions both as solid choices for those looking to explore CFDs, forex, and cryptocurrency derivatives, offering a competitive yet varied trading experience.
| Feature |
Eightcap
|
GBE brokers
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 736 | 500 |
| Forex Pairs (Total) | 56 | 71 |
| 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.
When comparing trading platforms and tools between Eightcap and GBE Brokers, both brokers cater well to a variety of traders with their offerings. Each provides a free virtual demo account for simulated trading, allowing users to practice skills without financial risk. Both brokers rely on popular third-party platforms like MetaTrader 4 and MetaTrader 5, as neither offers a proprietary platform. Whether you prefer a Windows desktop or a web-based browser platform, both Eightcap and GBE Brokers have you covered. Furthermore, they each support copy trading, making it easier for traders to mirror successful strategies. However, neither broker includes DupliTrade or ZuluTrade in their repertoire.
For traders interested in technical analysis, both Eightcap and GBE Brokers offer a comprehensive charting experience with 15 drawing tools each. You can also place trades directly from a stock chart, enhancing the trading flow. While their watch lists are customizable with up to seven columns, it is important to note that Eightcap slightly edges ahead in expert rankings, securing the 38th spot out of 63 brokers according to ForexBrokers.com, as opposed to GBE Brokers, which comes in at 57th place. Despite these differences in ranking, both brokers receive a four-star rating for their trading platforms and tools, indicating that they provide a solid trading experience suitable for beginners and seasoned traders alike.
| Feature |
Eightcap
|
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 diving into mobile trading app options, both Eightcap and GBE Brokers provide iPhone and Android apps, ensuring compatibility across popular devices. They each support essential features like stock and forex price alerts, 30 technical studies for charting, customizable time frames, and the ability to draw and save trendlines. Moreover, both platforms enable the creation of watchlists with real-time quotes to cater to on-the-go traders.
However, Eightcap distinguishes itself with watchlist symbol syncing, ensuring seamless management between mobile and online accounts—a feature absent in GBE Brokers. Both platforms receive a solid four-star rating for their mobile apps, but Eightcap holds a slightly better ranking, being placed at #38 compared to GBE Brokers' #57 by ForexBrokers.com. This difference may influence traders seeking a slightly more integrated app experience.
| Feature |
Eightcap
|
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 | Yes | Yes |
| Mobile Watchlist | Yes | Yes |
Dive deeper: Best Forex Trading Apps.
When comparing Eightcap and GBE brokers in terms of market research, both provide daily market commentary, aiding traders to stay informed on daily market trends. Neither broker offers forex news from leading sources such as Bloomberg or Reuters, nor do they provide technical analysis tools from companies like Autochartist or Trading Central. However, for those interested in sentiment analysis, both brokers do provide tools that display the ratio of long or short positions. This feature can be quite valuable for traders looking to gauge market trends.
Both Eightcap and GBE brokers include an economic calendar in their suite of tools, keeping traders aware of significant global news events. However, neither broker offers research tools from companies like TipRanks or Acuity Trading. In terms of overall research rating, Eightcap edges ahead with a 3.5-star rating compared to GBE's 3-star rating. According to ForexBrokers.com, Eightcap is ranked 39th out of 63 brokers for research, whereas GBE brokers sit lower at the 62nd position. This analysis suggests that Eightcap may offer a slightly more comprehensive research experience compared to GBE brokers.
| Feature |
Eightcap
|
GBE brokers
|
|---|---|---|
| Daily Market Commentary | Yes | Yes |
| Forex News (Top-Tier Sources) | No | 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 for beginners, Eightcap stands out more than GBE Brokers. Eightcap provides beginners with over ten educational pieces focused on forex and CFDs, making trading more accessible for those new to the market. Additionally, they offer a range of beginner videos specifically designed to demystify the trading process for novices. Eightcap also features a searchable archive of past webinars, which can be a valuable learning aid for those who prefer pre-recorded sessions. What's more, they offer an investor dictionary that defines over 50 essential investment terms, supporting new traders in understanding the financial jargon. While Eightcap lacks monthly live webinars and advanced educational content, its offering remains significantly stronger compared to GBE Brokers.
GBE Brokers, on the other hand, does not meet the same educational criteria as Eightcap. They don't provide a substantial amount of educational material focused on forex or CFDs, nor do they offer a trove of beginner videos or recorded webinars. Furthermore, GBE Brokers does not provide an investor dictionary, potentially leaving beginners without crucial terminology assistance. While both brokers fall short in certain aspects, such as advanced educational videos, Eightcap's educational offerings earn them a higher rating of 3.5 stars for education, compared to GBE Brokers' 3 stars. In terms of educational rankings by ForexBrokers.com, Eightcap is placed 40th out of 63 brokers, while GBE Brokers finds itself at the bottom, positioned 63rd.
| Feature |
Eightcap
|
GBE brokers
|
|---|---|---|
| Education (Forex or CFDs) | Yes | No |
| Client Webinars | No | No |
| Client Webinars (Archived) | Yes | 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 63 of the best forex brokers, our research and account testing finds that Eightcap is better than GBE brokers. Eightcap finished with an overall rank of #38, while GBE brokers finished with an overall rank of #56.
Eightcap enhances its status as a MetaTrader-only broker with support for a suite of third-party plug-ins, including TradingView.
| Feature |
Eightcap
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GBE brokers
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|---|---|---|
| Overall Rating |
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| Trust Score | 85 | 71 |
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Both Eightcap and GBE brokers do not offer the option to buy actual (delivered) cryptocurrency, but they do provide the ability to trade cryptocurrency derivatives.
While both Eightcap and GBE Brokers offer convenient deposit and withdrawal options such as PayPal, Skrill, Visa, Mastercard, and bank wires, GBE Brokers provides an additional advantage by supporting ACH or SEPA transfers, unlike Eightcap.
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 | Eightcap | GBE brokers | |
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| Trust Score | 85 | 71 | |
| Winner | check_circle | ||
| Review | Eightcap Review |
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| Regulation | Eightcap | GBE brokers | |
|---|---|---|---|
| Trust Score | 85 | 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 | 3 | 1 | |
| Tier-2 Licenses | 0 | 0 | |
| Tier-3 Licenses | 0 | 0 | |
| Tier-4 Licenses | 1 | 1 |
| Tier-1 Licenses (Highly Trusted) | Eightcap | 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) | Yes | 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) | Eightcap | 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 | Eightcap | GBE brokers | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 736 | 500 | |
| Forex Pairs (Total) | 56 | 71 | |
| 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 | Eightcap | GBE brokers | |
|---|---|---|---|
| Average Spread EUR/USD - Standard | 1.0 | N/A | |
| All-in Cost EUR/USD - Active | 0.76 | N/A | |
| Active Trader or VIP Discounts | No | No | |
| Inactivity Fee | No | No | |
| Execution: Agency Broker | Yes | No | |
| Execution: Market Maker | Yes | Yes |
| Funding | Eightcap | GBE brokers | |
|---|---|---|---|
| Minimum Deposit | $100 | $500 | |
| 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 | No | Yes |
| Trading Platforms | Eightcap | 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 | Eightcap | 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 | Eightcap | 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 | Yes | Yes | |
| Mobile Economic Calendar | Yes | Yes |
| Research | Eightcap | GBE brokers | |
|---|---|---|---|
| Daily Market Commentary | Yes | Yes | |
| Forex News (Top-Tier Sources) | No | No | |
| Autochartist | No | No | |
| Trading Central (Recognia) | No | No | |
| TipRanks | No | No | |
| Social Sentiment - Currency Pairs | Yes | Yes | |
| Economic Calendar | Yes | Yes |
| Education | Eightcap | GBE brokers | |
|---|---|---|---|
| Education (Forex or CFDs) | Yes | No | |
| Client Webinars | No | No | |
| Client Webinars (Archived) | Yes | No | |
| Videos - Beginner Trading Videos | Yes | No | |
| Videos - Advanced Trading Videos | No | No | |
| Investor Dictionary (Glossary) | Yes | No |
| Major Forex Pairs | Eightcap | 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 | Eightcap Review |
| Overall | Eightcap | GBE brokers | |
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| Trust Score | 85 | 71 | |
| Winner | check_circle | ||
| Review | Eightcap Review |
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