Written by ForexBrokers.com
In this head to head comparison of eToro 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.
Comparing eToro and GBE brokers reveals key differences in their trust ratings and regulatory oversight. Founded in 2007, eToro is a well-established platform that is publicly traded and holds a ForexBrokers.com Trust Score of 96, categorizing it as highly trusted. It boasts three Tier-1 licenses and one Tier-2 license, reflecting strong regulatory compliance. In contrast, GBE brokers, founded in 2013, is a privately held firm with a Trust Score of 71, placing it in the average risk category. It holds one Tier-1 license, indicating some level of reliable supervision, but lacks Tier-2 licenses. Both firms are non-bank financial service providers.
The distinction in regulatory standings and trust scores between eToro and GBE brokers is clear. eToro's status as a publicly traded company and its array of licenses provide stronger assurances for traders seeking a secure online trading environment. GBE brokers, while having foundational regulatory credentials, offers a more moderate level of trust, suited for those who can accommodate average risk. Both platforms cater to different investor needs based on their risk tolerance and preference for publicly traded versus private brokerage structures.
| Feature |
eToro
|
GBE brokers
|
|---|---|---|
| Year Founded | 2007 | 2013 |
| Publicly Traded (Listed) | Yes | No |
| Bank | No | No |
| Tier-1 Licenses | 3 | 1 |
| Tier-2 Licenses | 1 | 0 |
| Tier-3 Licenses | 0 | 0 |
| Tier-4 Licenses | 1 | 1 |
When comparing eToro and GBE brokers in terms of commissions and fees, eToro stands out with a unique offering despite its slightly higher-than-average variable spread of 1 pip on the EUR/USD. eToro's social copy trading platform is a key attraction for retail traders, making it a popular choice even though its trading fees aren't the lowest. The broker enhances its appeal with the eToro Club, a VIP program with five membership tiers ranging from Silver to Diamond. These tiers offer various benefits, such as access to Trading Central, discounted withdrawal and deposit fees, and personalized account management, depending on the trader's account balance.
In contrast, GBE brokers do not provide specific average spread data, which makes a direct comparison of spreads challenging. However, considering overall commissions and fees, eToro receives a higher rating of 4.5 stars compared to GBE brokers' 4-star rating. These ratings reflect the broader fee structure and additional services offered by each broker, with eToro's extra features providing added value for certain categories of traders.
In terms of industry rankings provided by ForexBrokers.com, eToro holds a stronger position, ranked 22nd out of 63 brokers for commissions and fees. Meanwhile, GBE brokers hold the 37th spot on the list. This ranking indicates that eToro, despite its higher spreads, is more competitive in terms of the overall fee and commission structure when considering the additional features and benefits it offers to its users.
| Feature |
eToro
|
GBE brokers
|
|---|---|---|
| Minimum Deposit | $50-$10,000 | $500 |
| Average Spread EUR/USD - Standard | 1 | N/A |
| All-in Cost EUR/USD - Active | N/A | N/A |
| Active Trader or VIP Discounts | Yes | No |
| ACH or SEPA Transfers | Yes | 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 eToro and GBE brokers by their range of investments, eToro stands out with a significantly larger selection of tradeable symbols, offering 5,461 compared to GBE brokers’ 500. Both platforms provide opportunities to trade forex as CFDs or spot contracts, but GBE brokers has a slightly wider range with 71 forex pairs, while eToro offers 55. For those interested in exchange-traded securities, eToro has the advantage, allowing clients to directly purchase shares on both U.S. and international exchanges, a service not available with GBE brokers. Additionally, eToro supports the purchase of actual cryptocurrencies, not just derivatives, offering more versatility for crypto enthusiasts.
Copy trading is available with both eToro and GBE brokers, enabling users to mimic successful traders. Nevertheless, in terms of overall investment range, eToro receives a higher rating, achieving 5 stars compared to GBE brokers' 3.5 stars. This is reflected in their respective rankings by ForexBrokers.com, where eToro takes the 10th spot out of 63 brokers, while GBE brokers ranks 44th. Whether you value a broader array of tradeable assets or the ability to directly invest in shares and cryptocurrencies, eToro offers a more comprehensive selection to suit diverse investment strategies.
| Feature |
eToro
|
GBE brokers
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 5461 | 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) | Yes | 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 of eToro and GBE brokers, both offer free virtual demo accounts, making them suitable for users who want to practice before investing real money. eToro stands out with its proprietary platform built in-house, whereas GBE brokers rely on other solutions like MetaTrader 4 and MetaTrader 5, renowned for their advanced charting capabilities. While GBE brokers offer a Windows-based desktop platform, eToro provides a web-based experience, accessible directly through a browser, offering flexibility for users on-the-go.
Both brokers support copy trading, allowing users to mirror the trades of seasoned investors. eToro, ranked significantly higher at #8 out of 63 brokers by ForexBrokers.com, scores 4.5 stars for its trading platforms and tools, thanks in part to its 161 drawing tools for charting, a feature leverage for detailed analysis not matched by GBE brokers. While GBE brokers provide the ability to trade directly from a stock chart and offer one more column in the watchlist than eToro, their overall rating for trading platforms and tools is slightly lower at 4 stars and ranks #57 by ForexBrokers.com.
| Feature |
eToro
|
GBE brokers
|
|---|---|---|
| Virtual Trading (Demo) | Yes | Yes |
| Proprietary Platform | Yes | No |
| Desktop Platform (Windows) | No | Yes |
| Web Platform | Yes | Yes |
| Social Trading / Copy Trading | Yes | Yes |
| MetaTrader 4 (MT4) | No | Yes |
| MetaTrader 5 (MT5) | No | Yes |
| DupliTrade | No | No |
| ZuluTrade | No | No |
| Charting - Indicators / Studies (Total) | 104 | 30 |
| Charting - Drawing Tools (Total) | 161 | 15 |
| Charting - Trade From Chart | No | Yes |
| Watchlists - Total Fields | 6 | 7 |
Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.
When comparing the mobile trading apps of eToro and GBE brokers, both offer Android and iPhone compatibility, providing accessible trading for users across different devices. Both platforms enable users to set stock or forex price alerts and offer real-time quotes on customizable watchlists. eToro stands out with watchlist symbol syncing, ensuring all changes are smoothly reflected across devices, a feature GBE brokers currently lack. Additionally, eToro offers a far more comprehensive range of technical studies, providing 104 options compared to GBE brokers' 30.
While GBE brokers' app allows users to draw trendlines and auto-save drawings, features missing in eToro's app, eToro excels in overall user satisfaction with a higher rating of 4.5 stars versus GBE brokers' 4 stars. Moreover, ForexBrokers.com ranks eToro considerably higher for its mobile trading app capabilities, placing it at #10 out of 63 brokers, compared to GBE brokers at #57. For traders seeking a versatile and highly-rated mobile app experience, eToro offers more comprehensive tools and flexibility, although those needing advanced drawing functions might lean towards GBE brokers.
| Feature |
eToro
|
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 | 104 | 30 |
| Mobile Charting - Draw Trendlines | No | 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 comparing the market research offerings of eToro and GBE brokers, several distinctions come to light. Both platforms provide daily market commentary and feature an economic calendar to keep traders informed about global news events. However, eToro stands out by offering tools and insights not found at GBE brokers. For instance, eToro incorporates Trading Central’s technical analytics and boasts market research from TipRanks, both of which are absent in GBE brokers. Moreover, both platforms lack forex news from top-tier sources like Bloomberg or Reuters and do not utilize Autochartist or Acuity Trading tools.
In terms of sentiment analysis, both eToro and GBE brokers offer tools showing the ratio of long and short positions across various instruments. However, eToro's broader range of market research tools is reflected in its higher research rating of 4.5 out of 5 stars compared to GBE brokers' 3 stars. Consequently, eToro ranks 13th out of 63 brokers in the Research category according to ForexBrokers.com, while GBE brokers rank much lower at 62nd. This highlights eToro's stronger emphasis on providing diverse and comprehensive research tools to aid traders in making informed decisions.
| Feature |
eToro
|
GBE brokers
|
|---|---|---|
| Daily Market Commentary | Yes | Yes |
| Forex News (Top-Tier Sources) | No | No |
| Autochartist | No | No |
| Trading Central (Recognia) | Yes | No |
| Social Sentiment - Currency Pairs | Yes | Yes |
| TipRanks | Yes | No |
| Signal Centre (Acuity Trading) | No | No |
| Economic Calendar | Yes | Yes |
Dive deeper: Best Brokers for Forex Research.
When comparing eToro and GBE Brokers in terms of educational resources for beginners, eToro stands out as a much more beginner-friendly platform. eToro offers a comprehensive suite of educational materials, including over ten resources focused on forex and CFDs, encompassing articles, videos, and webinars. Besides, eToro hosts monthly webinars and provides access to a searchable archive of past webinars, ensuring learners always have access to valuable insights. For beginners specifically, eToro supplies more than ten instructional videos that cover essential trading topics, helping new traders build confidence and knowledge. Additionally, eToro includes more than ten advanced educational videos catering to experienced traders who want to deepen their understanding. An investor dictionary with definitions of over 50 terms further enriches eToro's offerings.
In contrast, GBE Brokers falls short in providing adequate educational support for beginners. It lacks the minimum number of educational resources focused explicitly on forex and CFDs. The absence of regular webinars and a library of past recorded sessions limits the learning opportunities available for their clients. GBE Brokers does not meet the requirement for introductory or advanced trading videos, and there is no extensive investor dictionary available for those looking to grasp essential investing terms. These educational differences are reflected in their ratings, with eToro receiving a 4.5-star education rating and GBE Brokers a 3-star rating. In terms of global rankings by ForexBrokers.com for educational resources, eToro holds the 5th position, while GBE Brokers ranks at the bottom at 63rd.
| Feature |
eToro
|
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) | Yes | No |
Dive deeper: Best Forex Brokers for Beginners.
After testing 63 of the best forex brokers, our research and account testing finds that eToro is better than GBE brokers. eToro finished with an overall rank of #9, while GBE brokers finished with an overall rank of #57.
eToro is a winner for its easy-to-use copy-trading platform, where traders can copy the trades of experienced investors – or receive exclusive perks for sharing their own trading strategies.
| Feature |
eToro
|
GBE brokers
|
|---|---|---|
| Overall Rating |
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| Trust Score | 96 | 71 |
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Both eToro and GBE Brokers provide the option to trade cryptocurrency derivatives, but only eToro allows investors to purchase actual cryptocurrencies, offering a broader range of crypto trading capabilities than GBE Brokers.
Both eToro and GBE brokers provide a wide range of fund deposit and withdrawal options, including ACH or SEPA transfers, PayPal, Skrill, Visa or 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 | eToro | GBE brokers | |
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| Trust Score | 96 | 71 | |
| Winner | check_circle | ||
| Review | eToro Review |
| Broker Screenshots | eToro | GBE brokers | |
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| Regulation | eToro | GBE brokers | |
|---|---|---|---|
| Trust Score | 96 | 71 | |
| Year Founded | 2007 | 2013 | |
| Publicly Traded (Listed) | Yes | No | |
| Bank | No | No | |
| Regulated in one or more EU or EEA countries (MiFID). | Yes | Yes | |
| Tier-1 Licenses | 3 | 1 | |
| Tier-2 Licenses | 1 | 0 | |
| Tier-3 Licenses | 0 | 0 | |
| Tier-4 Licenses | 1 | 1 |
| Tier-1 Licenses (Highly Trusted) | eToro | 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) | eToro | 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 | eToro | GBE brokers | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 5461 | 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) | Yes | 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 | eToro | GBE brokers | |
|---|---|---|---|
| Average Spread EUR/USD - Standard | 1 | N/A | |
| All-in Cost EUR/USD - Active | N/A | N/A | |
| Active Trader or VIP Discounts | Yes | No | |
| Inactivity Fee | Yes | No | |
| Execution: Agency Broker | Yes | No | |
| Execution: Market Maker | Yes | Yes |
| Funding | eToro | GBE brokers | |
|---|---|---|---|
| Minimum Deposit | $50-$10,000 | $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 | Yes | Yes |
| Trading Platforms | eToro | GBE brokers | |
|---|---|---|---|
| Proprietary Platform | Yes | No | |
| Desktop Platform (Windows) | No | Yes | |
| Web Platform | Yes | Yes | |
| Social Trading / Copy Trading | Yes | Yes | |
| MetaTrader 4 (MT4) | No | Yes | |
| MetaTrader 5 (MT5) | No | Yes | |
| cTrader | No | No | |
| DupliTrade | No | No | |
| ZuluTrade | No | No |
| Trading Tools | eToro | GBE brokers | |
|---|---|---|---|
| Virtual Trading (Demo) | Yes | Yes | |
| Alerts - Basic Fields | Yes | Yes | |
| Watchlists - Total Fields | 6 | 7 | |
| Charting - Indicators / Studies (Total) | 104 | 30 | |
| Charting - Drawing Tools (Total) | 161 | 15 | |
| Charting - Trade From Chart | No | Yes | |
| Charts can be saved | Yes | Yes |
| Mobile Trading | eToro | 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 | 104 | 30 | |
| Mobile Charting - Draw Trendlines | No | Yes | |
| Mobile Charting - Multiple Time Frames | Yes | Yes | |
| Mobile Charting - Drawings Autosave | No | Yes | |
| Mobile Economic Calendar | No | Yes |
| Research | eToro | GBE brokers | |
|---|---|---|---|
| Daily Market Commentary | Yes | Yes | |
| Forex News (Top-Tier Sources) | No | No | |
| Autochartist | No | No | |
| Trading Central (Recognia) | Yes | No | |
| TipRanks | Yes | No | |
| Social Sentiment - Currency Pairs | Yes | Yes | |
| Economic Calendar | Yes | Yes |
| Education | eToro | 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) | Yes | No |
| Major Forex Pairs | eToro | 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 | eToro Review |
| Overall | eToro | GBE brokers | |
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| Trust Score | 96 | 71 | |
| Winner | check_circle | ||
| Review | eToro Review |
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