Written by ForexBrokers.com
In this head to head comparison of GBE brokers vs FXGT.com, 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.
GBE brokers, established in 2013, and FXGT.com, founded in 2019, are both online brokers operating outside the realm of public trading and banking. When it comes to regulatory standing, GBE brokers and FXGT.com each hold one Tier-1 license, a mark of high trustworthiness according to ForexBrokers.com. However, FXGT.com edges ahead slightly with an additional Tier-2 license, regarded as a sign of trust. Despite this, GBE brokers hold a ForexBrokers.com Trust Score of 71, classifying it as an average risk, compared to FXGT.com’s score of 69, which places it in the high-risk category.
Both firms offer forex trading services without being listed on any stock exchange, and neither acts as a bank. For potential investors seeking higher security in their trading partners, these Trust Scores offer valuable insight, highlighting GBE brokers' somewhat more favorable risk level versus FXGT.com. Analyzing these ratings and regulatory licenses offers a clearer picture when choosing between these two brokers for an online trading experience. As always, it's essential to consider all facets of security and trust in the volatile world of online trading.
| Feature |
GBE brokers
|
FXGT.com
|
|---|---|---|
| Year Founded | 2013 | 2019 |
| Publicly Traded (Listed) | No | No |
| Bank | No | No |
| Tier-1 Licenses | 1 | 1 |
| Tier-2 Licenses | 0 | 1 |
| Tier-3 Licenses | 0 | 0 |
| Tier-4 Licenses | 1 | 2 |
When it comes to choosing an online broker, understanding the commissions and fees is crucial. GBE Brokers offers competitive pricing with a strong emphasis on low commissions and fees, earning a respectable 4-star rating. Ranked #37 out of 63 brokers by ForexBrokers.com, GBE Brokers has demonstrated favorable pricing structures even without specific average spread data available. This makes them an appealing choice for cost-conscious traders looking for a well-rated brokerage.
In comparison, FXGT.com is rated slightly lower, with a 3.5-star rating for its commissions and fees. It holds the #56 position on the same list, indicating that while it provides a decent fee structure, it may not be as competitively priced as GBE Brokers. Similar to GBE Brokers, FXGT.com does not have average spread data available, which might appeal to traders who value transparency in other fee-related areas.
In summary, both GBE Brokers and FXGT.com offer reliable services, but GBE Brokers edges out with a better rating and ranking for commissions and fees. For traders focusing on minimizing costs, GBE Brokers might be the more attractive option, providing value and efficiency in its pricing model.
| Feature |
GBE brokers
|
FXGT.com
|
|---|---|---|
| Minimum Deposit | $500 | $5 |
| 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) | Yes | No |
| Skrill (Deposit/Withdraw) | Yes | No |
| Visa/Mastercard (Credit/Debit) | Yes | Yes |
| Bank Wire (Deposit/Withdraw) | Yes | Yes |
Dive deeper: Best Low Spread Forex Brokers.
When comparing GBE brokers and FXGT.com, both platforms provide the ability to engage in forex trading through CFDs or spot contracts. GBE brokers stand out with a broader selection of 500 tradeable symbols, including 71 forex pairs, in contrast to FXGT.com's offering of 117 tradeable symbols featuring 53 forex pairs. Neither broker provides access to exchange-traded securities on U.S. or international exchanges, meaning clients can't purchase individual stocks like Apple or Vodafone directly. However, both platforms support cryptocurrency derivatives, though they do not facilitate the purchase of actual cryptocurrencies.
Regarding advanced trading options, both GBE brokers and FXGT.com offer copy trading, a feature that can appeal to those looking to emulate the strategies of more experienced traders. In terms of investment range, GBE brokers receive a modest edge, earning a 3.5-star rating compared to FXGT.com's 3 stars. On a broader scale, GBE brokers are ranked higher by ForexBrokers.com at #44 out of 63 brokers, while FXGT.com is positioned at #61, reflecting a slightly more diverse investment offering from GBE brokers.
| Feature |
GBE brokers
|
FXGT.com
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 500 | 117 |
| Forex Pairs (Total) | 71 | 53 |
| 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 GBE brokers and FXGT.com, both platforms offer user-accessible features for traders. Each provides a virtual demo account for simulated or paper trading, allowing users to practice without risk. Neither broker has a proprietary platform, yet both support a Windows-based desktop download as well as a web-based trading option. Users can engage in copy trading on both platforms, with widespread support for popular MetaTrader 4 and MetaTrader 5 interfaces. However, neither offers DupliTrade or ZuluTrade. For charting enthusiasts, GBE brokers and FXGT.com cover essential needs with the ability to trade directly from stock charts, though GBE brokers has 15 drawing tools compared to FXGT.com's 23. Watch list customization varies, with GBE brokers offering seven columns and FXGT.com providing five.
In terms of ratings, both GBE brokers and FXGT.com receive a commendable four out of five stars for their trading platforms and tools. Despite these identical ratings, FXGT.com slightly edges out GBE brokers in the ForexBrokers.com rankings at #56, just ahead of GBE brokers at #57 out of 63 brokers reviewed. This proximity in ranking highlights how close these two platforms are in performance and offerings for modern traders seeking reliable online brokerage services.
| Feature |
GBE brokers
|
FXGT.com
|
|---|---|---|
| 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 | 37 |
| Charting - Drawing Tools (Total) | 15 | 23 |
| Charting - Trade From Chart | Yes | Yes |
| Watchlists - Total Fields | 7 | 5 |
Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.
When it comes to mobile trading apps, both GBE Brokers and FXGT.com provide comprehensive options for traders using iPhone or Android devices. Both platforms offer essential features like stock and forex price alerts, the ability to draw trendlines, and the capability to view charts across multiple time frames such as daily, weekly, or intraday options. Importantly, both apps support auto-saving of chart drawings and allow the creation of watchlists with real-time quotes, which are crucial for active trading on the go.
However, there’s a notable difference in watchlist synchronization; FXGT.com offers syncing of watchlist symbols between the mobile app and the client’s online account, ensuring seamless updates across devices, whereas GBE Brokers does not. Both apps provide 30 technical studies for chart analysis, meeting industry standards. Based on user ratings, GBE Brokers slightly edges out FXGT.com with a rating of 4 stars compared to 3.5 stars for FXGT.com. In the overall ranking by ForexBrokers.com, GBE Brokers is placed at #57 while FXGT.com is at #58, reflecting their close competition in the mobile trading app market.
| Feature |
GBE brokers
|
FXGT.com
|
|---|---|---|
| Android App | Yes | Yes |
| Apple iOS App | Yes | Yes |
| Mobile Alerts - Basic Fields | Yes | Yes |
| Watchlist Syncing | No | Yes |
| 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 evaluating GBE Brokers and FXGT.com for their market research offerings, both platforms provide key resources to assist traders, but there are distinct differences. GBE Brokers stands out by offering daily market commentary and a sentiment-based trading tool, which can provide insights into the current trading atmosphere by showcasing the ratio of long or short positions across currency pairs. FXGT.com, on the other hand, does not provide daily market commentary but does match GBE Brokers in offering a sentiment-based trading tool. Both brokers provide an economic calendar, enabling traders to stay informed about global economic events, which is essential for strategic trading decisions.
In terms of less commonly provided resources, neither GBE Brokers nor FXGT.com offers forex news from distinguished sources like Bloomberg or Reuters, nor do they include tools from Autochartist or Trading Central in their research arsenal. Research from TipRanks or tools from Acuity Trading are also absent from both platforms. When it comes to overall research assessment, both GBE Brokers and FXGT.com receive a 3-star rating for their research capabilities. However, FXGT.com sits slightly higher in rankings, positioned at #56 compared to GBE Brokers at #62 out of 63 brokers, indicating a marginal edge in the research category.
| Feature |
GBE brokers
|
FXGT.com
|
|---|---|---|
| Daily Market Commentary | Yes | No |
| 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 in forex and CFDs trading, both GBE brokers and FXGT.com show room for growth. Neither broker provides a suite of at least 10 educational resources, such as articles, videos, or archived webinars, focusing on forex or CFDs. Additionally, neither platform offers monthly online educational webinars or a searchable archive of recorded client webinars, which can be vital for newbie traders looking to build their skills in a structured learning environment.
In terms of content focused on beginners or even advanced traders, both GBE brokers and FXGT.com fail to deliver sufficient educational video content tailored to these groups. However, FXGT.com stands out slightly by offering an investor dictionary with over 50 investing terms, which is absent from GBE brokers. Despite these limitations, both brokers are similarly rated with three stars for education by ForexBrokers.com, although FXGT.com ranks slightly higher at #60 out of 63 brokers, compared to GBE brokers' position at #63.
| Feature |
GBE brokers
|
FXGT.com
|
|---|---|---|
| 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) | No | Yes |
Dive deeper: Best Forex Brokers for Beginners.
After testing 63 of the best forex brokers, our research and account testing finds that GBE brokers is better than FXGT.com. GBE brokers finished with an overall rank of #57, while FXGT.com finished with an overall rank of #59.
GBE offers 500 tradeable symbols from its CySEC-regulated entity in Cyprus, but lacks additional regulatory licenses which hampers its Trust Score, compared to leading multi-asset brokers.
| Feature |
GBE brokers
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FXGT.com
|
|---|---|---|
| Overall Rating |
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| Trust Score | 71 | 69 |
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Both GBE brokers and FXGT.com allow users to trade cryptocurrency derivatives, but neither platform offers the ability to purchase actual, delivered cryptocurrency.
When comparing GBE brokers to FXGT.com for funding options, both brokers support ACH or SEPA transfers, Visa or Mastercard, and bank wires; however, GBE brokers uniquely offers PayPal and Skrill, whereas FXGT.com does not provide these 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 | GBE brokers | FXGT.com | |
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| Trust Score | 71 | 69 | |
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| Regulation | GBE brokers | FXGT.com | |
|---|---|---|---|
| Trust Score | 71 | 69 | |
| Year Founded | 2013 | 2019 | |
| Publicly Traded (Listed) | No | No | |
| Bank | No | No | |
| Regulated in one or more EU or EEA countries (MiFID). | Yes | Yes | |
| Tier-1 Licenses | 1 | 1 | |
| Tier-2 Licenses | 0 | 1 | |
| Tier-3 Licenses | 0 | 0 | |
| Tier-4 Licenses | 1 | 2 |
| Tier-1 Licenses (Highly Trusted) | GBE brokers | FXGT.com | |
|---|---|---|---|
| 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) | 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) | GBE brokers | FXGT.com | |
|---|---|---|---|
| Kenya (CMA Authorised) | No | No | |
| Israel (ISA Authorised) | No | No | |
| South Africa (FSCA Authorised) | No | Yes | |
| UAE (DFSA/Central Bank Authorised) | No | No | |
| India (SEBI Authorised) | No | No | |
| Jordan (JSC Authorised) | No | No |
| Investments | GBE brokers | FXGT.com | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 500 | 117 | |
| Forex Pairs (Total) | 71 | 53 | |
| 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 | GBE brokers | FXGT.com | |
|---|---|---|---|
| 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 | Yes | Yes |
| Funding | GBE brokers | FXGT.com | |
|---|---|---|---|
| Minimum Deposit | $500 | $5 | |
| PayPal (Deposit/Withdraw) | Yes | No | |
| Skrill (Deposit/Withdraw) | Yes | No | |
| Visa/Mastercard (Credit/Debit) | Yes | Yes | |
| Bank Wire (Deposit/Withdraw) | Yes | Yes | |
| ACH or SEPA Transfers | Yes | Yes |
| Trading Platforms | GBE brokers | FXGT.com | |
|---|---|---|---|
| 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 | GBE brokers | FXGT.com | |
|---|---|---|---|
| Virtual Trading (Demo) | Yes | Yes | |
| Alerts - Basic Fields | Yes | Yes | |
| Watchlists - Total Fields | 7 | 5 | |
| Charting - Indicators / Studies (Total) | 30 | 37 | |
| Charting - Drawing Tools (Total) | 15 | 23 | |
| Charting - Trade From Chart | Yes | Yes | |
| Charts can be saved | Yes | Yes |
| Mobile Trading | GBE brokers | FXGT.com | |
|---|---|---|---|
| Android App | Yes | Yes | |
| Apple iOS App | Yes | Yes | |
| Mobile Alerts - Basic Fields | Yes | Yes | |
| Mobile Watchlist | Yes | Yes | |
| Watchlist Syncing | No | Yes | |
| 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 | GBE brokers | FXGT.com | |
|---|---|---|---|
| Daily Market Commentary | Yes | No | |
| 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 | GBE brokers | FXGT.com | |
|---|---|---|---|
| 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) | No | Yes |
| Major Forex Pairs | GBE brokers | FXGT.com | |
|---|---|---|---|
| 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 |
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| Trust Score | 71 | 69 | |
| Winner | check_circle | ||
| Review |
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