Written by ForexBrokers.com
In this head to head comparison of FinecoBank 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 FinecoBank and GBE brokers, it's important to consider their regulatory backgrounds and trust scores as determined by ForexBrokers.com. FinecoBank, founded in 1999, boasts a high level of trust with a Trust Score of 94 out of 99, making it a highly trusted choice for traders. As a publicly traded bank, it is subject to strict oversight, carrying two Tier-1 licenses that further reinforce its credibility. In contrast, GBE brokers, established in 2013, operates with a Trust Score of 71, indicating an average level of risk. While it holds one Tier-1 license, it is not publicly traded nor a bank, which could impact the level of investor confidence.
The distinction between FinecoBank and GBE brokers becomes clearer when considering their respective standings in the financial market. FinecoBank's long history and public trading status provide it with an added layer of security and trust recognized by top licensing authorities. On the other hand, GBE brokers, while having a foundational Tier-1 license, may appeal to those understanding the average risk associated with its operations. Ultimately, the choice between these brokers can depend on an individual's comfort with their trust levels and institutional structures.
| Feature |
FinecoBank
|
GBE brokers
|
|---|---|---|
| Year Founded | 1999 | 2013 |
| Publicly Traded (Listed) | Yes | No |
| Bank | Yes | No |
| Tier-1 Licenses | 2 | 1 |
| Tier-2 Licenses | 0 | 0 |
| Tier-3 Licenses | 0 | 0 |
| Tier-4 Licenses | 0 | 1 |
FinecoBank offers a varying range of spreads for trading, yet it does not publish average spread data for forex and CFD trading, which makes assessing its overall trading costs challenging. The spreads for the EUR/USD pair are listed at 1 pip, with another lower option of 0.8 pips. However, these spreads aren't confirmed as average values and lack details regarding their specific time frames. It's worth noting that FinecoBank tends to provide more competitive spreads for its index CFDs. Despite these spreads, FinecoBank earns a 3.5-star rating out of 5 for commissions and fees, placing it at rank #51 out of 63 brokers according to ForexBrokers.com.
In contrast, GBE Brokers also lacks available average spread data, similar to FinecoBank. However, GBE Brokers still manages to achieve a slightly better rating for their commissions and fees, with 4 out of 5 stars. This higher rating translates into a more favorable position, ranking them at #37 out of the same group of 63 brokers evaluated by ForexBrokers.com.
When it comes to choosing between FinecoBank and GBE Brokers, potential traders may find GBE Brokers to be a more favorable option in terms of commission and fees. This preference is based on their higher star rating and better ranking. While both brokers don't offer transparency in average spread data, GBE Brokers' higher ranking suggests a more competitive fee structure overall.
| Feature |
FinecoBank
|
GBE brokers
|
|---|---|---|
| Minimum Deposit | $0 | $500 |
| 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 | Yes |
| PayPal (Deposit/Withdraw) | No | Yes |
| Skrill (Deposit/Withdraw) | No | Yes |
| Visa/Mastercard (Credit/Debit) | No | Yes |
| Bank Wire (Deposit/Withdraw) | Yes | Yes |
Dive deeper: Best Low Spread Forex Brokers.
When comparing FinecoBank and GBE brokers, FinecoBank offers a wider array of investment opportunities, making it a more versatile option for traders seeking diverse markets. FinecoBank allows trading across 9,770 symbols, dwarfing GBE brokers' offering of 500 symbols. Both platforms provide forex trading as CFDs or spot contracts, but GBE brokers gives access to a greater variety of forex pairs with 71 available options compared to FinecoBank's 54. FinecoBank shines with its offering of exchange-traded securities on both U.S. and international exchanges, giving investors the chance to buy stocks like Apple and Vodafone directly. In contrast, GBE brokers do not provide trading in actual exchange-listed stocks but do include the option for trading cryptocurrency derivatives, an area FinecoBank doesn't cover.
FinecoBank and GBE brokers cater to different trading needs, with FinecoBank excelling in traditional stock and symbol variety, evident from its 4.5-star rating in the Range of Investments category. Ranked 16th out of 63 brokers by ForexBrokers.com, FinecoBank also edges past GBE brokers, which holds a 3.5-star rating and is ranked 44th. Although GBE brokers offer copy trading, an option not available with FinecoBank, FinecoBank's extensive investment options across global markets provide a more comprehensive experience for clients who wish to invest in a broad spectrum of assets.
| Feature |
FinecoBank
|
GBE brokers
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 9770 | 500 |
| Forex Pairs (Total) | 54 | 71 |
| U.S. Stock Trading (Non CFD) | Yes | No |
| Int'l Stock Trading (Non CFD) | Yes | No |
| Social Trading / Copy Trading | No | Yes |
| Cryptocurrency (Physical) | No | No |
| Cryptocurrency (Derivative) | No | 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, FinecoBank and GBE brokers cater to different needs. FinecoBank stands out with its proprietary platform developed in-house, alongside offering a Windows-based desktop and web-based trading platforms. While it doesn't provide a free virtual demo account, FinecoBank does focus on a more direct approach without options for copy trading or popular platforms like MetaTrader 4 and 5. Enthusiasts of charting might find its seven drawing tools sufficient, but users keen on trading directly from charts will have to look elsewhere. Despite these limitations, FinecoBank maintains a solid rating of four stars for its trading platforms and tools, ranking #18 among 63 brokers according to ForexBrokers.com.
In contrast, GBE brokers present more diverse options for both novice and experienced traders. The availability of a free virtual demo account allows newcomers to familiarize themselves with trading without risk. While GBE brokers lack a proprietary platform, they fully support MetaTrader 4 and 5, popular choices among traders. This broker also excels with features such as copy trading, direct trading from charts, and a richer selection of drawing tools, boasting 15 in total. These features are complemented by its web-based and Windows desktop trading platforms. GBE brokers, while rated similarly at four stars, hold a lower rank of #57 in the Trading Platforms and Tools category on ForexBrokers.com.
| Feature |
FinecoBank
|
GBE brokers
|
|---|---|---|
| Virtual Trading (Demo) | No | Yes |
| Proprietary Platform | Yes | No |
| Desktop Platform (Windows) | Yes | Yes |
| Web Platform | Yes | Yes |
| Social Trading / Copy Trading | No | Yes |
| MetaTrader 4 (MT4) | No | Yes |
| MetaTrader 5 (MT5) | No | Yes |
| DupliTrade | No | No |
| ZuluTrade | No | No |
| Charting - Indicators / Studies (Total) | 37 | 30 |
| Charting - Drawing Tools (Total) | 7 | 15 |
| Charting - Trade From Chart | No | Yes |
| Watchlists - Total Fields | N/A | 7 |
Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.
When comparing the mobile trading apps of FinecoBank and GBE brokers, both offer apps for iPhone and Android users, ensuring accessibility across popular platforms. They also support stock and forex price alerts, keeping traders informed of the latest market movements. However, neither broker provides watchlist symbol syncing between mobile apps and online accounts, meaning any changes to watchlists need to be updated separately. FinecoBank’s app allows for viewing charts across various time frames like daily, weekly, or intraday, though it doesn’t facilitate drawing trendlines or auto-saving drawings. It offers six charting technical studies, while GBE brokers present a more extensive set of 30 technical studies, along with additional features like trendline drawing and auto-saving chart drawings.
GBE brokers provide the advantage of creating watchlists with real-time quotes, a feature FinecoBank lacks. Both apps have been rated four out of five stars for their mobile trading offerings. Interestingly, despite offering fewer features, FinecoBank holds a better ranking (#42) in the Mobile Trading Apps category by ForexBrokers.com compared to GBE brokers (#57). This ranking might reflect various factors beyond just features, such as user experience or other service considerations. Ultimately, the choice between the two may hinge on specific needs, like chart analysis tools or the ability to manage watchlists on-the-go.
| Feature |
FinecoBank
|
GBE brokers
|
|---|---|---|
| Android App | Yes | Yes |
| Apple iOS App | Yes | Yes |
| Mobile Alerts - Basic Fields | Yes | Yes |
| Watchlist Syncing | No | No |
| Mobile Charting - Indicators / Studies | 6 | 30 |
| Mobile Charting - Draw Trendlines | No | Yes |
| Mobile Charting - Multiple Time Frames | Yes | Yes |
| Mobile Charting - Drawings Autosave | No | Yes |
| Mobile Watchlist | No | Yes |
Dive deeper: Best Forex Trading Apps.
When comparing FinecoBank and GBE brokers for market research features, there are a few key differences that stand out. FinecoBank provides access to forex news from top-tier sources such as Bloomberg and Reuters, ensuring clients stay informed about the latest financial updates. However, it lacks daily market commentary and tools like sentiment-based trading. On the other hand, GBE brokers excels in offering daily market commentary and provides sentiment analysis tools to show long or short positions across various instruments. Unfortunately, it does not offer top-tier forex news like FinecoBank does.
Both brokers offer an economic calendar displaying news events affecting global economies, which is invaluable for traders tracking market trends. However, neither offers technical analysis tools from providers like Autochartist or Trading Central, nor do they provide research from TipRanks or Acuity Trading. FinecoBank receives a superior research rating of 4.0 stars and ranks 33rd among 63 brokers according to ForexBrokers.com. GBE brokers, with a rating of 3 stars, is ranked significantly lower at 62nd, indicating that FinecoBank may offer a more comprehensive research experience to their clients.
| Feature |
FinecoBank
|
GBE brokers
|
|---|---|---|
| Daily Market Commentary | No | Yes |
| Forex News (Top-Tier Sources) | Yes | No |
| Autochartist | No | No |
| Trading Central (Recognia) | No | No |
| Social Sentiment - Currency Pairs | No | Yes |
| TipRanks | No | No |
| Signal Centre (Acuity Trading) | No | No |
| Economic Calendar | Yes | Yes |
Dive deeper: Best Brokers for Forex Research.
When comparing FinecoBank and GBE brokers concerning educational resources for beginners, FinecoBank seems to cater better to newcomers in the trading landscape. They stand out by offering monthly online educational client webinars to help traders stay informed about the latest market trends, a service not offered by GBE brokers. Furthermore, FinecoBank provides a collection of beginner-focused trading videos, which number at least ten, although they do not extend this same level of support for advanced traders. In contrast, GBE brokers fall short, lacking a similar suite of beginner educational videos and online webinars.
Additionally, FinecoBank supports traders with an investor dictionary containing definitions of over 50 investing terms, a resource GBE brokers do not provide. Overall, FinecoBank's educational initiatives have earned them a 4.0-star rating, placing them at rank 49 among 63 brokers in the Education category on ForexBrokers.com. On the other hand, GBE brokers, with a 3-star rating, find themselves ranked at the bottom in the 63rd position. This comparison highlights FinecoBank's stronger commitment to beginner education in Forex and CFD trading compared to GBE brokers.
| Feature |
FinecoBank
|
GBE brokers
|
|---|---|---|
| Education (Forex or CFDs) | No | No |
| Client Webinars | Yes | No |
| Client Webinars (Archived) | No | 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 FinecoBank is better than GBE brokers. FinecoBank finished with an overall rank of #25, while GBE brokers finished with an overall rank of #57.
FinecoBank is a trusted multi-asset broker offering forex and CFDs across its brands regulated in the U.K. and Italy. However, unless you visit a physical branch as a citizen of the EU – or you are a resident of Italy or the U.K. – you will not be permitted to open an online account with FinecoBank.
| Feature |
FinecoBank
|
GBE brokers
|
|---|---|---|
| Overall Rating |
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| Trust Score | 94 | 71 |
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Comparing online brokers, FinecoBank does not provide the option to purchase actual cryptocurrency or cryptocurrency derivatives, whereas GBE brokers do not offer actual cryptocurrency purchases but do provide an option to buy cryptocurrency derivatives.
When comparing FinecoBank and GBE brokers in terms of deposit and withdrawal options, both offer ACH or SEPA transfers and bank wires; however, GBE brokers additionally supports more flexible options such as PayPal, Skrill, and card payments via Visa or Mastercard, unlike FinecoBank.
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 | FinecoBank | GBE brokers | |
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| Trust Score | 94 | 71 | |
| Winner | check_circle | ||
| Review | FinecoBank Review |
| Broker Screenshots | FinecoBank | GBE brokers | |
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| Regulation | FinecoBank | GBE brokers | |
|---|---|---|---|
| Trust Score | 94 | 71 | |
| Year Founded | 1999 | 2013 | |
| Publicly Traded (Listed) | Yes | No | |
| Bank | Yes | No | |
| Regulated in one or more EU or EEA countries (MiFID). | Yes | Yes | |
| Tier-1 Licenses | 2 | 1 | |
| Tier-2 Licenses | 0 | 0 | |
| Tier-3 Licenses | 0 | 0 | |
| Tier-4 Licenses | 0 | 1 |
| Tier-1 Licenses (Highly Trusted) | FinecoBank | 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) | FinecoBank | 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 | FinecoBank | GBE brokers | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 9770 | 500 | |
| Forex Pairs (Total) | 54 | 71 | |
| U.S. Stock Trading (Non CFD) | Yes | No | |
| Int'l Stock Trading (Non CFD) | Yes | No | |
| Social Trading / Copy Trading | No | Yes | |
| Cryptocurrency (Physical) | No | No | |
| Cryptocurrency (Derivative) | No | 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 | FinecoBank | GBE brokers | |
|---|---|---|---|
| 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 | No | Yes |
| Funding | FinecoBank | GBE brokers | |
|---|---|---|---|
| Minimum Deposit | $0 | $500 | |
| PayPal (Deposit/Withdraw) | No | Yes | |
| Skrill (Deposit/Withdraw) | No | Yes | |
| Visa/Mastercard (Credit/Debit) | No | Yes | |
| Bank Wire (Deposit/Withdraw) | Yes | Yes | |
| ACH or SEPA Transfers | Yes | Yes |
| Trading Platforms | FinecoBank | GBE brokers | |
|---|---|---|---|
| Proprietary Platform | Yes | No | |
| Desktop Platform (Windows) | Yes | Yes | |
| Web Platform | Yes | Yes | |
| Social Trading / Copy Trading | No | Yes | |
| MetaTrader 4 (MT4) | No | Yes | |
| MetaTrader 5 (MT5) | No | Yes | |
| cTrader | No | No | |
| DupliTrade | No | No | |
| ZuluTrade | No | No |
| Trading Tools | FinecoBank | GBE brokers | |
|---|---|---|---|
| Virtual Trading (Demo) | No | Yes | |
| Alerts - Basic Fields | No | Yes | |
| Watchlists - Total Fields | N/A | 7 | |
| Charting - Indicators / Studies (Total) | 37 | 30 | |
| Charting - Drawing Tools (Total) | 7 | 15 | |
| Charting - Trade From Chart | No | Yes | |
| Charts can be saved | Yes | Yes |
| Mobile Trading | FinecoBank | GBE brokers | |
|---|---|---|---|
| Android App | Yes | Yes | |
| Apple iOS App | Yes | Yes | |
| Mobile Alerts - Basic Fields | Yes | Yes | |
| Mobile Watchlist | No | Yes | |
| Watchlist Syncing | No | No | |
| Mobile Charting - Indicators / Studies | 6 | 30 | |
| Mobile Charting - Draw Trendlines | No | Yes | |
| Mobile Charting - Multiple Time Frames | Yes | Yes | |
| Mobile Charting - Drawings Autosave | No | Yes | |
| Mobile Economic Calendar | Yes | Yes |
| Research | FinecoBank | GBE brokers | |
|---|---|---|---|
| Daily Market Commentary | No | Yes | |
| Forex News (Top-Tier Sources) | Yes | No | |
| Autochartist | No | No | |
| Trading Central (Recognia) | No | No | |
| TipRanks | No | No | |
| Social Sentiment - Currency Pairs | No | Yes | |
| Economic Calendar | Yes | Yes |
| Education | FinecoBank | GBE brokers | |
|---|---|---|---|
| Education (Forex or CFDs) | No | No | |
| Client Webinars | Yes | No | |
| Client Webinars (Archived) | No | No | |
| Videos - Beginner Trading Videos | Yes | No | |
| Videos - Advanced Trading Videos | No | No | |
| Investor Dictionary (Glossary) | Yes | No |
| Major Forex Pairs | FinecoBank | 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 | FinecoBank Review |
| Overall | FinecoBank | GBE brokers | |
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| Trust Score | 94 | 71 | |
| Winner | check_circle | ||
| Review | FinecoBank Review |
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