Written by ForexBrokers.com
In this head to head comparison of OANDA 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.
OANDA, established in 1996, holds a strong position in the online brokerage world, boasting a high Trust Score of 93 out of 99 according to ForexBrokers.com. Despite not being publicly traded or functioning as a bank, OANDA's reliability is bolstered by its possession of 7 Tier-1 licenses, considered the gold standard in regulatory trust. This makes it one of the most trusted names in the industry.
In comparison, GBE brokers, founded in 2013, holds a Trust Score of 71, placing it in the average risk category. Like OANDA, GBE brokers is neither publicly traded nor a bank. However, it carries only one Tier-1 license, indicating a lower level of regulatory trust compared to its counterpart. Despite being relatively newer and holding fewer licenses, GBE brokers still maintains a presence in the market with its current regulatory framework.
| Feature |
OANDA
|
GBE brokers
|
|---|---|---|
| Year Founded | 1996 | 2013 |
| Publicly Traded (Listed) | No | No |
| Bank | No | No |
| Tier-1 Licenses | 7 | 1 |
| Tier-2 Licenses | 0 | 0 |
| Tier-3 Licenses | 0 | 0 |
| Tier-4 Licenses | 1 | 1 |
When comparing the commissions and fees of OANDA and GBE Brokers, both platforms receive a commendable four-star rating out of five. OANDA is ranked #34 out of 63 brokers by ForexBrokers.com for this category, slightly higher than GBE Brokers, which ranks at #37. OANDA is often noted for its steep forex trading costs, with high effective spreads in both its default and core pricing structures. The minimum spread for OANDA may be marginally higher than brokers offering sub-pip spreads. For instance, the average non-core pricing spread for the EUR/USD pair was 1.61 pips in July 2024.
OANDA's core pricing offers more competitive spreads, coupled with a per-side commission of $5 per $100,000 worth of currency traded. This requires a $10,000 minimum deposit. Essentially, even when factoring in these commissions, OANDA's core pricing delivers slightly better overall costs. The smallest contract size available is unique to OANDA, allowing trades in units as small as 1 unit or 0.001 micro lot, a flexibility not typically seen with other brokers.
Additional incentives from OANDA include an Elite Trader program with rebates for active traders and various subscription reimbursements. Transparency is emphasized, though OANDA lacks the publication of average spread data over fixed periods, making precise comparisons challenging. In contrast, GBE Brokers does not make average spread data available, which may impact some traders' decisions. Both brokers offer competitive commission structures, but OANDA provides additional flexibility and incentives for high-volume traders.
| Feature |
OANDA
|
GBE brokers
|
|---|---|---|
| Minimum Deposit | $0 | $1000 |
| Average Spread EUR/USD - Standard | 1.69 | N/A |
| All-in Cost EUR/USD - Active | 1.69 | 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.
OANDA and GBE brokers both offer forex trading as CFDs or spot contracts and support copy trading. When it comes to breadth, OANDA lists 4,172 tradeable symbols, far more than GBE brokers’ 500. For currency traders specifically, GBE brokers edges out slightly with 71 tradeable forex pairs versus OANDA’s 69.
If you want to invest in exchange-traded securities, OANDA offers access to U.S. shares like Apple (AAPL) and international listings such as Vodafone, while GBE brokers does not. In crypto, OANDA supports both actual (delivered) cryptocurrency and crypto derivatives; GBE brokers offers only crypto derivatives. Reflecting this coverage, OANDA is rated 4 stars for Range of Investments and ranks 27th out of 63 brokers, while GBE brokers earns 3.5 stars and ranks 44th.
| Feature |
OANDA
|
GBE brokers
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 4172 | 500 |
| Forex Pairs (Total) | 69 | 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 it comes to trading platforms and tools, both OANDA and GBE Brokers offer features that will appeal to different types of traders. OANDA stands out with its proprietary trading platform, developed in-house, which complements its support for MetaTrader 4 and 5. Both brokers provide simulated trading through free virtual demo accounts, and they each have Windows-based desktop and web-based platforms for versatile access. Additionally, both firms offer copy trading, though neither supports DupliTrade or ZuluTrade. A key difference is the number of drawing tools available; OANDA offers 74 drawing tools compared to GBE Brokers' 15, providing more options for technical analysis enthusiasts.
In terms of charting, both brokers allow for trading directly from a stock chart, making it convenient for users to act quickly on market insights. OANDA offers six columns for watch lists, while GBE Brokers provides seven. Both brokers have a respectable rating of 4 stars for their trading platforms and tools. However, OANDA holds a higher industry ranking at number 15 compared to GBE Brokers, which ranks 57th out of 63 brokers according to ForexBrokers.com. Whether you prioritize a proprietary platform and more technical tools or other specific features will guide your choice between these two brokers.
| Feature |
OANDA
|
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) | 89 | 30 |
| Charting - Drawing Tools (Total) | 74 | 15 |
| Charting - Trade From Chart | Yes | Yes |
| Watchlists - Total Fields | 6 | 7 |
Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.
Both OANDA and GBE Brokers provide mobile trading apps for iPhone and Android devices, making it convenient to trade on the go. Users can receive price alerts for stock and forex markets and can draw trendlines on charts, view various time frames, and automatically save their drawings. Both platforms offer 30 technical studies for charting, ensuring traders have a comprehensive set of tools. While watchlist symbol syncing isn't available on either app, you can create a watchlist with real-time quotes, enhancing your trading experience.
In terms of ratings, OANDA shines with a perfect 5-star rating for its mobile trading app, securing the #7 position out of 63 brokers according to ForexBrokers.com. In contrast, GBE Brokers holds a 4-star rating, ranking #57 among the same group. This makes OANDA a more highly regarded option in the mobile trading app space, providing users with a more favored experience overall.
| Feature |
OANDA
|
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 | Yes | Yes |
| Mobile Watchlist | Yes | Yes |
Dive deeper: Best Forex Trading Apps.
When comparing the market research offerings of online brokers OANDA and GBE brokers, both provide daily market commentary, helping traders stay informed on current market trends. OANDA distinguishes itself by offering forex news from top-tier sources such as Bloomberg and Reuters, which is a feature GBE brokers lacks. Additionally, OANDA provides advanced technical analysis tools through Autochartist, another edge over GBE brokers, who do not offer these capabilities. Both brokers have sentiment-based trading tools that reveal the long or short position ratios across various currency pairs.
Both OANDA and GBE brokers facilitate informed trading decisions with economic calendars detailing global news events. However, when it comes to overall rating for research, OANDA takes a significant lead with a 5-star rating, ranking #5 out of 63 brokers by ForexBrokers.com. On the other hand, GBE brokers receives a 3-star rating, landing at #62. This highlights OANDA's superior research suite, making it the more desirable option for traders seeking comprehensive market analysis tools.
| Feature |
OANDA
|
GBE brokers
|
|---|---|---|
| Daily Market Commentary | Yes | Yes |
| Forex News (Top-Tier Sources) | Yes | No |
| Autochartist | Yes | No |
| Trading Central (Recognia) | No | No |
| Social Sentiment - Currency Pairs | Yes | Yes |
| TipRanks | No | |
| Signal Centre (Acuity Trading) | No | |
| Economic Calendar | Yes | Yes |
Dive deeper: Best Brokers for Forex Research.
If you’re a beginner comparing OANDA and GBE brokers for learning resources, OANDA is the stronger pick. OANDA provides a full library of forex and CFD education with 10+ pieces, runs at least one client webinar each month, and keeps a searchable archive of past sessions. It also offers 10+ beginner videos, 10+ advanced videos for when you’re ready to level up, and an investor dictionary with 50+ terms. OANDA earns 5 stars for Education and is ranked #19 out of 63 brokers by ForexBrokers.com.
GBE brokers is more limited for newcomers. It does not meet the minimum of 10 forex or CFD education pieces, does not host monthly educational webinars, and has no searchable webinar archive. It also lacks a large library of beginner and advanced videos and does not provide an investor dictionary with 50+ terms. Reflecting this, GBE brokers holds 3 stars for Education and ranks #63 out of 63 on ForexBrokers.com.
| Feature |
OANDA
|
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 OANDA is better than GBE brokers. OANDA finished with an overall rank of #12, while GBE brokers finished with an overall rank of #57.
A trusted global brand, OANDA stands out for its reputation and quality market research. Its regulatory track record is strong, and its support for third-party features bolsters its overall offering.
| Feature |
OANDA
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GBE brokers
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| Overall Rating |
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| Trust Score | 93 | 71 |
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OANDA provides the capability to purchase actual cryptocurrencies and trade cryptocurrency derivatives, while GBE Brokers offers only the option to trade cryptocurrency derivatives and does not facilitate the purchase of actual cryptocurrencies.
Both OANDA and GBE brokers offer multiple options for depositing and withdrawing account funds, including ACH or SEPA transfers, PayPal, Skrill, Visa or Mastercard, and bank wires, making them versatile choices for online trading.
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 | OANDA | GBE brokers | |
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| Trust Score | 93 | 71 | |
| Winner | check_circle | ||
| Review | OANDA Review |
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| Regulation | OANDA | GBE brokers | |
|---|---|---|---|
| Trust Score | 93 | 71 | |
| Year Founded | 1996 | 2013 | |
| Publicly Traded (Listed) | No | No | |
| Bank | No | No | |
| Regulated in one or more EU or EEA countries (MiFID). | Yes | Yes | |
| Tier-1 Licenses | 7 | 1 | |
| Tier-2 Licenses | 0 | 0 | |
| Tier-3 Licenses | 0 | 0 | |
| Tier-4 Licenses | 1 | 1 |
| Tier-1 Licenses (Highly Trusted) | OANDA | GBE brokers | |
|---|---|---|---|
| Australia (ASIC Authorised) | Yes | No | |
| Canada (CIRO Authorised) | Yes | No | |
| Hong Kong (SFC Authorised) | No | No | |
| Japan (SFC Authorised) | Yes | No | |
| Singapore (MAS Authorised) | Yes | No | |
| Switzerland (FINMA Authorised) | |||
| United Kingdom (U.K.) (FCA Authorised) | Yes | No | |
| USA (CFTC Authorized) | Yes | No | |
| New Zealand (FMA Authorised) | No | No | |
| Regulated in one or more EU or EEA countries (MiFID). | Yes | Yes |
| Tier-2 Licenses (Trusted) | OANDA | GBE brokers | |
|---|---|---|---|
| Kenya (CMA Authorised) | |||
| 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) |
| Investments | OANDA | GBE brokers | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 4172 | 500 | |
| Forex Pairs (Total) | 69 | 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 | OANDA | GBE brokers | |
|---|---|---|---|
| Average Spread EUR/USD - Standard | 1.69 | N/A | |
| All-in Cost EUR/USD - Active | 1.69 | N/A | |
| Active Trader or VIP Discounts | Yes | No | |
| Inactivity Fee | Yes | No | |
| Execution: Agency Broker | No | No | |
| Execution: Market Maker | Yes | Yes |
| Funding | OANDA | GBE brokers | |
|---|---|---|---|
| Minimum Deposit | $0 | $1000 | |
| 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 | OANDA | 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 | No | No | |
| DupliTrade | No | No | |
| ZuluTrade | No | No |
| Trading Tools | OANDA | GBE brokers | |
|---|---|---|---|
| Virtual Trading (Demo) | Yes | Yes | |
| Alerts - Basic Fields | Yes | Yes | |
| Watchlists - Total Fields | 6 | 7 | |
| Charting - Indicators / Studies (Total) | 89 | 30 | |
| Charting - Drawing Tools (Total) | 74 | 15 | |
| Charting - Trade From Chart | Yes | Yes | |
| Charts can be saved | Yes | Yes |
| Mobile Trading | OANDA | 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 | Yes | Yes | |
| Mobile Economic Calendar | Yes | Yes |
| Research | OANDA | GBE brokers | |
|---|---|---|---|
| Daily Market Commentary | Yes | Yes | |
| Forex News (Top-Tier Sources) | Yes | No | |
| Autochartist | Yes | No | |
| Trading Central (Recognia) | No | No | |
| TipRanks | No | ||
| Social Sentiment - Currency Pairs | Yes | Yes | |
| Economic Calendar | Yes | Yes |
| Education | OANDA | 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 | OANDA | 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 | OANDA Review |
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| Trust Score | 93 | 71 | |
| Winner | check_circle | ||
| Review | OANDA Review |
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