Written by ForexBrokers.com
In this head to head comparison of FXOpen 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.
FXOpen, established in 2003, and GBE brokers, founded in 2013, are both well-known online brokers in the financial industry. Neither company is publicly traded on a stock exchange, nor do they operate as banks, which is common for brokers in this sector. When examining their regulatory credentials, FXOpen holds two Tier-1 licenses, indicating a higher level of trust, while GBE brokers possess one Tier-1 license, signaling a reliable standing as well.
In terms of trust scores as assessed by ForexBrokers.com, FXOpen is rated at 76 out of 99, placing it in the 'average risk' category. Meanwhile, GBE brokers have a slightly lower trust score of 71, still within the 'average risk' range. These ratings reflect their varied regulatory licenses and suggest a similar level of reliability for prospective traders considering their services.
| Feature |
FXOpen
|
GBE brokers
|
|---|---|---|
| Year Founded | 2003 | 2013 |
| Publicly Traded (Listed) | No | No |
| Bank | No | No |
| Tier-1 Licenses | 2 | 1 |
| Tier-2 Licenses | 0 | 0 |
| Tier-3 Licenses | 0 | 0 |
| Tier-4 Licenses | 0 | 1 |
When comparing FXOpen and GBE brokers on commissions and fees, both companies offer competitive pricing for traders, though detailed average spread data is not available for either broker. FXOpen is rated 4 out of 5 stars in this category, indicating a commendable performance in terms of cost. However, it ranks #44 out of 63 brokers evaluated by ForexBrokers.com, suggesting there may be more competitive options available on the market.
Similarly, GBE brokers also receive a 4-star rating for commissions and fees, signifying similar affordability and value as FXOpen. In contrast, GBE brokers enjoy a higher ranking at #37 out of 63 brokers according to ForexBrokers.com. This suggests that GBE brokers might offer slightly more favorable conditions or transparency in their fee structures compared to FXOpen.
In conclusion, while both FXOpen and GBE brokers maintain an identical star rating for commissions and fees, GBE brokers hold a slight edge in ranking. Traders evaluating these platforms might consider factors beyond commissions and fees, such as service offerings and trading platform features, to determine the best fit for their individual trading needs.
| Feature |
FXOpen
|
GBE brokers
|
|---|---|---|
| Minimum Deposit | $100 | $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 | Yes | No |
| ACH or SEPA Transfers | No | Yes |
| PayPal (Deposit/Withdraw) | No | 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 the range of investments available at FXOpen and GBE Brokers, both platforms offer forex trading through CFDs or spot contracts, catering to forex enthusiasts. However, the differences become more apparent when we look at the number of tradeable symbols and forex pairs. FXOpen provides traders with access to 87 tradeable symbols, which includes 25 forex pairs. In contrast, GBE Brokers offers a significantly broader range with 500 tradeable symbols and 71 forex pairs, giving it an edge for those seeking diversity in their forex trades.
Neither FXOpen nor GBE Brokers require you to delve into exchange-traded securities on U.S. or international exchanges, such as Apple or Vodafone shares, since they do not offer these options. Both platforms do, however, support cryptocurrency derivatives, allowing traders to engage with this popular asset class without owning the actual cryptocurrencies. Additionally, copy trading features are available on both platforms, providing users the opportunity to replicate the strategies of successful traders. Despite these shared features, GBE Brokers receives a slight advantage in ratings with 3.5 out of 5 stars for investment range compared to FXOpen's 3 stars and holds a better position in ForexBrokers.com's ranking, coming in at 44th compared to FXOpen's 62nd out of 63.
| Feature |
FXOpen
|
GBE brokers
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 87 | 500 |
| Forex Pairs (Total) | 25 | 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). |
Dive deeper: Best Copy Trading Platforms.
When comparing FXOpen and GBE brokers on their trading platforms and tools, both brokers provide a comprehensive selection of features suitable for traders of various levels. Both offer simulated trading through free virtual demo accounts, allowing traders to practice without financial risk. While neither broker offers a proprietary platform, they both support popular platforms such as MetaTrader 4 and MetaTrader 5, which are available for Windows-based desktop and web-based use. Additionally, both brokers facilitate direct trading from stock charts and offer the same number of drawing tools, with FXOpen and GBE brokers providing 15 options. Traders have access to seven fields for watch lists on both platforms, ensuring they can track key market data efficiently.
FXOpen offers ZuluTrade for copy trading, while GBE brokers do not provide this option, reflecting a slight variance between the two in terms of social trading. Nevertheless, both brokers support the ability to copy trade, making it easier for users to follow successful strategies from experienced traders. In terms of overall performance, FXOpen and GBE brokers are closely matched, each receiving a four-star rating for their trading platforms and tools. However, according to ForexBrokers.com, FXOpen ranks slightly higher at #53 compared to GBE brokers at #57, among 63 brokers in the category. This ranking suggests that while both are comparable in services offered, FXOpen edges ahead in some aspects of platform performance and tools.
| Feature |
FXOpen
|
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 | Yes | 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 it comes to mobile trading, both FXOpen and GBE brokers provide reliable apps for iPhone and Android users. They stand out by offering stock and forex price alerts, ensuring that traders stay informed and make timely decisions. Both apps include essential features like the ability to create watchlists with real-time quotes and draw trendlines on charts. While each app supports viewing different time frames, FXOpen and GBE brokers both lack watchlist symbol syncing, where watchlist changes in the app automatically reflect in the client's online account. Charting enthusiasts will find 30 technical studies available in both apps.
One distinguishing feature is that GBE brokers' app auto-saves chart drawings, providing added convenience, whereas FXOpen does not. Both trading platforms have received the same rating of four out of five stars for their mobile trading applications. However, according to ForexBrokers.com, FXOpen ranks slightly higher at #54, while GBE brokers follow closely at #57 out of 63 brokers in the mobile trading apps category. This comparison reflects their solid standing in the market, making either a viable choice for mobile trading.
| Feature |
FXOpen
|
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 | 30 | 30 |
| Mobile Charting - Draw Trendlines | Yes | 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 it comes to market research offerings, both FXOpen and GBE brokers provide daily market commentary and maintain economic calendars to keep traders informed about global events. However, FXOpen distinguishes itself by offering forex news from top-tier sources like Bloomberg and Reuters, which GBE brokers does not. Neither broker provides tools from Autochartist or Trading Central, which could enhance traders' technical and fundamental analysis capabilities.
While both brokers share the same three-star rating for research quality and rank closely in the research category on ForexBrokers.com—with FXOpen at #63 and GBE brokers slightly ahead at #62—GBE brokers offers a sentiment-based trading tool to help traders gauge market trends, which is not available with FXOpen. Despite these minor differences, both brokers offer comparable, yet limited, resources for informed trading decisions.
| Feature |
FXOpen
|
GBE brokers
|
|---|---|---|
| Daily Market Commentary | Yes | 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 it comes to educational resources for beginners, both FXOpen and GBE brokers offer limited options. Neither provides the minimum of 10 educational materials, like articles or videos, focused on forex or CFDs. Monthly educational webinars are absent from both brokers, and there is no archive of recorded webinars that clients can search through. Additionally, beginner and advanced educational videos are not available in the required quantities for those starting or advancing in trading.
Despite these limitations, FXOpen stands out slightly by offering an investor dictionary with definitions for over 50 investing terms, which GBE brokers do not provide. Both brokers share a three-star education rating. However, FXOpen is slightly higher in the rankings for education by ForexBrokers.com, coming in at 58th out of 63, whereas GBE brokers are at the bottom, ranked 63rd. While both may offer some elements of educational content, beginners might find their offerings somewhat sparse in comparison to other brokers.
| Feature |
FXOpen
|
GBE brokers
|
|---|---|---|
| Education (Forex or CFDs) | No | No |
| Client Webinars | No | No |
| Client Webinars (Archived) | No | No |
| Videos - Beginner Trading Videos | No | 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 FXOpen is better than GBE brokers. FXOpen finished with an overall rank of #54, while GBE brokers finished with an overall rank of #57.
FXOpen is a long standing MetaTrader broker with a narrow offering and few benefits beyond a standard MetaTrader experience coupled with social-trading platforms ZuluTrade and Myfxbook.
| Feature |
FXOpen
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GBE brokers
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|---|---|---|
| Overall Rating |
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| Trust Score | 76 | 71 |
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Both FXOpen and GBE brokers provide the option to trade cryptocurrency derivatives, but neither offers the ability to purchase actual delivered cryptocurrency.
FXOpen and GBE Brokers both support Skrill, Visa, Mastercard, and bank wire transactions for deposits and withdrawals, but only GBE Brokers also offers ACH, SEPA, and PayPal options.
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 | FXOpen | GBE brokers | |
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| Trust Score | 76 | 71 | |
| Winner | check_circle | ||
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| Broker Screenshots | FXOpen | GBE brokers | |
|---|---|---|---|
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| Regulation | FXOpen | GBE brokers | |
|---|---|---|---|
| Trust Score | 76 | 71 | |
| Year Founded | 2003 | 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 | 0 | 0 | |
| Tier-3 Licenses | 0 | 0 | |
| Tier-4 Licenses | 0 | 1 |
| Tier-1 Licenses (Highly Trusted) | FXOpen | GBE brokers | |
|---|---|---|---|
| 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) | 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) | FXOpen | 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 | FXOpen | GBE brokers | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 87 | 500 | |
| Forex Pairs (Total) | 25 | 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). |
| Cost | FXOpen | 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 | Yes | No | |
| Inactivity Fee | Yes | No | |
| Execution: Agency Broker | Yes | No | |
| Execution: Market Maker | Yes | Yes |
| Funding | FXOpen | GBE brokers | |
|---|---|---|---|
| Minimum Deposit | $100 | $500 | |
| PayPal (Deposit/Withdraw) | No | 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 | FXOpen | 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 | Yes | No |
| Trading Tools | FXOpen | 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 | FXOpen | 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 | 30 | 30 | |
| Mobile Charting - Draw Trendlines | Yes | Yes | |
| Mobile Charting - Multiple Time Frames | Yes | Yes | |
| Mobile Charting - Drawings Autosave | No | Yes | |
| Mobile Economic Calendar | Yes | Yes |
| Research | FXOpen | GBE brokers | |
|---|---|---|---|
| Daily Market Commentary | Yes | 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 | FXOpen | GBE brokers | |
|---|---|---|---|
| Education (Forex or CFDs) | No | No | |
| Client Webinars | No | No | |
| Client Webinars (Archived) | No | No | |
| Videos - Beginner Trading Videos | No | No | |
| Videos - Advanced Trading Videos | No | No | |
| Investor Dictionary (Glossary) | Yes | No |
| Major Forex Pairs | FXOpen | 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 | |
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| Trust Score | 76 | 71 | |
| Winner | check_circle | ||
| Review |
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