Written by ForexBrokers.com
In this head to head comparison of FP Markets 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.
FP Markets, established in 2005, stands as a well-regarded choice in the online trading landscape. With a Trust Score of 89 from ForexBrokers.com, it is considered a trusted option for traders. The company holds two Tier-1 licenses and one Tier-2 license, signifying a strong regulatory foundation. Although not publicly traded or a banking institution, FP Markets' regulatory credentials cater to traders looking for reliable partners in the financial world.
GBE Brokers, founded in 2013, offers a different profile with a ForexBrokers.com Trust Score of 71, placing it in the average risk category. Holding one Tier-1 license and no Tier-2 licenses, GBE Brokers provides an option for those who prioritize different features in a broker. Similar to FP Markets, it is neither a publicly traded company nor a bank. Both brokers offer unique advantages, making them suitable for various investor needs and preferences.
| Feature |
FP Markets
|
GBE brokers
|
|---|---|---|
| Year Founded | 2005 | 2013 |
| Publicly Traded (Listed) | No | No |
| Bank | No | No |
| Tier-1 Licenses | 2 | 1 |
| Tier-2 Licenses | 1 | 0 |
| Tier-3 Licenses | 0 | 0 |
| Tier-4 Licenses | 1 | 1 |
When comparing FP Markets and GBE Brokers, FP Markets stands out as a cost-effective option for traders, particularly through its MetaTrader and cTrader platforms. It offers a competitive ECN account with spreads averaging 0.1 pips, allowing traders to keep costs low. In the ForexBrokers.com 2024 Annual Awards, FP Markets was recognized as Best in Class for Commissions and Fees, earning a commendable 5-star rating and ranking 6th out of 63 brokers. Offering Direct Market Access (DMA) with its Iress platform, FP Markets provides transparency and full market depth, though it may be less budget-friendly for traders with smaller balances.
FP Markets delivers a range of account options, with its Raw ECN account being particularly competitive. For example, spreads average 0.1 pips, totaling 0.8 pips when factoring in the commission fee. Alternatively, the Standard account involves slightly higher costs with spreads of 1.1 pips. Options like the Iress ViewPoint account cater to active traders with higher balances due to varying minimum deposit requirements and monthly fee structures. For those seeking a less costly experience, the Iress Investor account offers monthly fee waivers, albeit with some platform limitations.
In contrast, GBE Brokers holds a 4-star rating and is ranked 37th in the Commissions and Fees category by ForexBrokers.com, indicating competitive pricing but lacking the detailed spread and fee data that FP Markets provides. Traders looking for transparency and lower commissions on their trades might find FP Markets a more attractive option, given its accolades and thorough fee structure.
| Feature |
FP Markets
|
GBE brokers
|
|---|---|---|
| Minimum Deposit | $100 AUD | $500 |
| Average Spread EUR/USD - Standard | 1.2 | N/A |
| All-in Cost EUR/USD - Active | 0.7 | N/A |
| Active Trader or VIP Discounts | Yes | 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 FP Markets and GBE Brokers, both platforms offer forex trading as CFDs, with an identical offering of 71 tradeable forex pairs. However, if variety in your trading opportunities is important, FP Markets comes out ahead with a striking 10,000 tradeable symbols compared to GBE Brokers' 500, making it easier to diversify your portfolio across different markets. Both brokers offer the ability to trade cryptocurrency derivatives but neither allows the purchase of actual cryptocurrencies. They also offer copy trading but do not provide the option to trade exchange-traded securities on U.S. or international exchanges.
FP Markets holds a higher rating of 4.5 stars for its range of investments, reflecting a broader scope and appeal to those seeking diverse trading opportunities. It is ranked #18 out of 63 brokers in the Range of Investments category according to ForexBrokers.com, while GBE Brokers, with a 3.5-star rating, ranks #44. Whether you are an experienced trader looking for a range of investment options or a beginner wanting specific trading capabilities, FP Markets appears to offer a richer variety, making it a compelling choice for those prioritizing diverse trading opportunities.
| Feature |
FP Markets
|
GBE brokers
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 10000 | 500 |
| Forex Pairs (Total) | 71 | 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 FP Markets and GBE brokers for their trading platforms and tools, both offer essential features for any trader. Both brokers provide simulated trading options through free virtual demo accounts, allowing beginners to practice without financial risk. They each support MetaTrader 4 (MT4) and MetaTrader 5 (MT5), ensuring a familiar trading environment for many. While FP Markets offers a proprietary platform developed in-house, GBE brokers rely on third-party solutions. Both platforms extend their reach with Windows-based and web-based trading options, along with the availability of copy trading. However, neither broker offers DupliTrade or ZuluTrade. For charting, FP Markets provides 17 drawing tools compared to GBE brokers' 15, and both facilitate direct trading from stock charts. Watch lists with seven columns for added versatility are standard in both offerings.
Despite similarities in features, ratings reveal subtle differences in user satisfaction. Both FP Markets and GBE brokers earn four-star ratings for trading platforms and tools, reflecting solid yet comparable reliability. Yet, FP Markets is ranked higher by ForexBrokers.com, securing the 23rd position among 63 brokers, while GBE brokers are placed at 57th. This suggests a slight edge for FP Markets in terms of overall platform performance and user experience. Traders might consider these details when choosing which broker best suits their trading needs.
| Feature |
FP Markets
|
GBE brokers
|
|---|---|---|
| Virtual Trading (Demo) | Yes | Yes |
| Proprietary Platform | Yes | 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) | 17 | 15 |
| Charting - Trade From Chart | Yes | Yes |
| Watchlists - Total Fields | 7 | 7 |
Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.
FP Markets and GBE Brokers both offer versatile mobile trading apps compatible with iPhone and Android devices. Each platform provides essential features like stock and forex price alerts and the ability to draw trendlines on charts, enhancing a trader's ability to monitor and react to market movements. Additionally, users can view multiple time frames for more detailed analysis and enjoy real-time quotes within personalized watchlists. However, both FP Markets and GBE Brokers fall short in syncing watchlists between their mobile apps and online accounts, a feature that could streamline user experience.
When it comes to charting tools, GBE Brokers allows for more customization with 30 technical studies, while FP Markets uses the default options provided by MetaTrader. Both platforms ensure that drawings on charts are automatically saved, supporting seamless continuity for users. In terms of user ratings, both brokers score a commendable 4 out of 5 stars. However, FP Markets is ranked higher by ForexBrokers.com, securing the 18th spot out of 63 brokers compared to GBE Brokers’ 57th position. This ranking might be a consideration for traders looking for an app with a broader approval base.
| Feature |
FP Markets
|
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 | MetaTrader (Default) | 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 it comes to market research, FP Markets demonstrates a strong edge over GBE brokers. Both platforms provide daily market commentary and an economic calendar with global news, ensuring traders can stay informed on current events. However, FP Markets excels by including forex news from top-tier sources like Bloomberg, Reuters, and Dow Jones, which is not available through GBE brokers. Additionally, FP Markets offers advanced research tools from Autochartist and Trading Central for detailed technical analysis, unlike GBE brokers which do not provide these resources.
Both FP Markets and GBE brokers offer sentiment-based trading tools that display the ratio of long and short positions across various currency pairs. Despite this similarity, FP Markets stands out with a higher research rating of four stars compared to GBE brokers' three-star rating. Moreover, FP Markets is ranked 25th out of 63 brokers in the Research category by ForexBrokers.com, significantly ahead of GBE brokers, which is ranked 62nd. These factors establish FP Markets as a more comprehensive choice for those seeking robust market research tools.
| Feature |
FP Markets
|
GBE brokers
|
|---|---|---|
| Daily Market Commentary | Yes | Yes |
| Forex News (Top-Tier Sources) | Yes | No |
| Autochartist | Yes | 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 it comes to educational resources available to beginners, FP Markets stands out significantly more compared to GBE brokers. FP Markets offers a wealth of educational content for those new to trading, including over 10 pieces targeting topics like forex and CFDs. They host monthly online webinars accessible to clients, and maintain a searchable archive of recorded sessions, making it convenient for beginners to learn at their own pace. Additionally, FP Markets provides more than 10 beginner and 10 advanced educational videos on various trading subjects, along with an investor dictionary containing over 50 key investing terms. This comprehensive approach has earned FP Markets a 4-star rating and the 23rd position out of 63 brokers in the Education category as ranked by ForexBrokers.com.
On the other hand, GBE brokers lag behind in their educational offerings for newcomers. They do not meet the minimum threshold of 10 educational pieces focusing exclusively on forex or CFDs and do not conduct regular online educational webinars. Unlike FP Markets, GBE brokers lack a searchable archive of past webinars and offer fewer video resources tailored specifically for beginners and advanced traders. Furthermore, they do not provide an extensive investor dictionary. Consequently, GBE brokers receive a 3-star rating for their educational resources and are ranked last at number 63 in the same category by ForexBrokers.com. In terms of education for beginners, FP Markets clearly provides a more comprehensive learning environment than GBE brokers.
| Feature |
FP Markets
|
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 FP Markets is better than GBE brokers. FP Markets finished with an overall rank of #19, while GBE brokers finished with an overall rank of #57.
FP Markets shines as a low-cost broker for trading forex and CFDs – as long as you use the MetaTrader platform. The Iress platform suite offers well over 9,000 tradeable symbols, but it’s mostly a share trading platform – and is generally a much pricier option.
| Feature |
FP Markets
|
GBE brokers
|
|---|---|---|
| Overall Rating |
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| Trust Score | 89 | 71 |
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Both FP Markets and GBE Brokers do not offer the option to buy actual delivered cryptocurrency, but they do provide the ability to purchase cryptocurrency derivatives.
FP Markets and GBE Brokers both support key deposit and withdrawal options like PayPal, Skrill, Visa, Mastercard, and bank wires, but only GBE Brokers provides ACH and SEPA transfers, making it the more diverse option for funding and withdrawing from trading accounts.
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 | FP Markets | GBE brokers | |
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| Trust Score | 89 | 71 | |
| Winner | check_circle | ||
| Review | FP Markets Review |
| Broker Screenshots | FP Markets | GBE brokers | |
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| Regulation | FP Markets | GBE brokers | |
|---|---|---|---|
| Trust Score | 89 | 71 | |
| Year Founded | 2005 | 2013 | |
| Publicly Traded (Listed) | No | No | |
| Bank | No | No | |
| Regulated in one or more EU or EEA countries (MiFID). | Yes | Yes | |
| Tier-1 Licenses | 2 | 1 | |
| Tier-2 Licenses | 1 | 0 | |
| Tier-3 Licenses | 0 | 0 | |
| Tier-4 Licenses | 1 | 1 |
| Tier-1 Licenses (Highly Trusted) | FP Markets | 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) | FP Markets | GBE brokers | |
|---|---|---|---|
| Kenya (CMA Authorised) | No | No | |
| Israel (ISA Authorised) | No | No | |
| South Africa (FSCA Authorised) | Yes | No | |
| UAE (DFSA/Central Bank Authorised) | No | No | |
| India (SEBI Authorised) | No | No | |
| Jordan (JSC Authorised) | No | No |
| Investments | FP Markets | GBE brokers | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 10000 | 500 | |
| Forex Pairs (Total) | 71 | 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 | FP Markets | GBE brokers | |
|---|---|---|---|
| Average Spread EUR/USD - Standard | 1.2 | N/A | |
| All-in Cost EUR/USD - Active | 0.7 | N/A | |
| Active Trader or VIP Discounts | Yes | No | |
| Inactivity Fee | No | No | |
| Execution: Agency Broker | No | No | |
| Execution: Market Maker | Yes | Yes |
| Funding | FP Markets | GBE brokers | |
|---|---|---|---|
| Minimum Deposit | $100 AUD | $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 | FP Markets | GBE brokers | |
|---|---|---|---|
| Proprietary Platform | Yes | 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 | Yes | No | |
| DupliTrade | No | No | |
| ZuluTrade | No | No |
| Trading Tools | FP Markets | 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) | 17 | 15 | |
| Charting - Trade From Chart | Yes | Yes | |
| Charts can be saved | Yes | Yes |
| Mobile Trading | FP Markets | GBE brokers | |
|---|---|---|---|
| Android App | Yes | Yes | |
| Apple iOS App | Yes | Yes | |
| Mobile Alerts - Basic Fields | Yes | Yes | |
| Mobile Watchlist | Yes | Yes | |
| Watchlist Syncing | No | No | |
| Mobile Charting - Indicators / Studies | MetaTrader (Default) | 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 | FP Markets | GBE brokers | |
|---|---|---|---|
| Daily Market Commentary | Yes | Yes | |
| Forex News (Top-Tier Sources) | Yes | No | |
| Autochartist | Yes | No | |
| Trading Central (Recognia) | Yes | No | |
| TipRanks | No | No | |
| Social Sentiment - Currency Pairs | Yes | Yes | |
| Economic Calendar | Yes | Yes |
| Education | FP Markets | 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 | FP Markets | 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 | FP Markets Review |
| Overall | FP Markets | GBE brokers | |
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| Trust Score | 89 | 71 | |
| Winner | check_circle | ||
| Review | FP Markets Review |
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