Written by ForexBrokers.com
In this head to head comparison of Saxo 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 Saxo with GBE brokers, potential traders might first consider the year of establishment and the type of entity each broker is. Saxo, founded in 1992, operates as a bank and boasts a highest possible Trust Score rating of 99 from ForexBrokers.com, indicating a high level of trust. Although it is not publicly traded, Saxo impressively holds 7 Tier-1 licenses, symbolizing a strong regulatory backing, alongside 1 Tier-2 license.
On the other hand, GBE brokers, established in 2013, operates as a non-bank entity with a ForexBrokers.com Trust Score of 71, placing it at an average risk level according to the rating system. Like Saxo, GBE is not publicly traded. It holds 1 Tier-1 license, ensuring some degree of trusted oversight, but lacks any Tier-2 licenses, which could be a consideration for more security-focused traders. Overall, while both brokers offer regulated services, Saxo's long-standing presence and more extensive licensing may appeal to those prioritizing a well-trusted partner.
| Feature |
Saxo
|
GBE brokers
|
|---|---|---|
| Year Founded | 1992 | 2013 |
| Publicly Traded (Listed) | No | No |
| Bank | Yes | No |
| Tier-1 Licenses | 7 | 1 |
| Tier-2 Licenses | 1 | 0 |
| Tier-3 Licenses | 0 | 0 |
| Tier-4 Licenses | 0 | 1 |
When comparing the fees and commissions of Saxo and GBE Brokers, Saxo stands out for its excellent pricing structure, especially benefiting active traders and those maintaining larger account balances. Saxo offers three account types—Classic, Platinum, and VIP—each with differentiated pricing. The Classic account exhibits an average spread of 1.1 pips for EUR/USD, while the Platinum and VIP accounts have tighter spreads at 1.0 and 0.9 pips respectively. Notably, Saxo waives custody fees for share trading if traders choose securities lending and has recently removed the minimum deposit requirement for its Classic account.
Meanwhile, GBE Brokers does not provide specific average spread data, which makes direct comparison more challenging. However, it is known that GBE Brokers performs reasonably well, earning a four-star rating out of five for commissions and fees. In terms of industry position, Saxo ranks at #9, significantly higher than GBE Brokers, which holds the #37 spot out of 63 brokers reviewed by ForexBrokers.com.
Saxo’s commission-free model for forex trading, where they profit primarily from spreads, adds to their appeal, although traders with smaller volumes might incur a $3 ticket fee per side. With a five-star rating for commissions and fees, Saxo has earned accolades like the #1 VIP Client Experience Award. This high rating suggests that Saxo offers competitive advantages over GBE Brokers in the financial trading world.
| Feature |
Saxo
|
GBE brokers
|
|---|---|---|
| Minimum Deposit | $0 | $500 |
| Average Spread EUR/USD - Standard | 1.1 | N/A |
| All-in Cost EUR/USD - Active | 0.9 | N/A |
| Active Trader or VIP Discounts | Yes | No |
| ACH or SEPA Transfers | No | Yes |
| PayPal (Deposit/Withdraw) | No | Yes |
| Skrill (Deposit/Withdraw) | No | Yes |
| Visa/Mastercard (Credit/Debit) | Yes | Yes |
| Bank Wire (Deposit/Withdraw) | Yes | Yes |
Dive deeper: Best Low Spread Forex Brokers.
When it comes to the range of investments, Saxo and GBE Brokers both offer a variety of options to suit different trading needs. For those interested in forex, both brokers provide trading through CFDs or spot contracts. However, Saxo stands out with an impressive 70,000 tradeable symbols, compared to GBE Brokers' 500. When it comes to forex pairs, Saxo again offers a wider selection with 190 available pairs, while GBE Brokers offers 71. Both brokers support the buying of cryptocurrency derivatives but do not offer the ability to purchase actual, delivered cryptocurrency.
Saxo also excels in offering exchange-traded securities on U.S. and international exchanges, allowing clients to buy shares like Apple and Vodafone. In contrast, GBE Brokers does not provide access to exchange-traded securities from these markets. Both platforms offer copy trading features, which can be convenient for those looking to replicate the strategies of successful traders. Overall, Saxo receives a higher rating for its range of investments, earning 5 stars and ranking 3rd out of 63 brokers, while GBE Brokers holds a rating of 3.5 stars and ranks 44th.
| Feature |
Saxo
|
GBE brokers
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 70000 | 500 |
| Forex Pairs (Total) | 190 | 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) | 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 the trading platforms and tools of Saxo and GBE brokers, both offer beneficial features like free virtual demo accounts and the ability to trade directly from stock charts. Saxo stands out with a proprietary platform developed in-house and a wide array of 60 watch list columns for a more detailed market view. Their service is top-tier, with a five-star ranking, placing them first among 63 brokers. GBE brokers, on the other hand, utilize industry-favorite platforms MetaTrader 4 and 5, which are popular for their accessibility and comprehensive trading functionalities. However, with only seven watch list columns, GBE brokers have a more limited offering in terms of customizable market tracking.
Both brokers provide Windows-based and web-based trading platforms along with copy trading capabilities, giving users flexibility in how they access their investing tools. Saxo offers 20 charting tools, which is notably more than GBE brokers' 15. While Saxo doesn't support MetaTrader platforms, they compensate with advanced, in-house features that appeal to experienced traders. Though rated four stars for trading platforms and tools, GBE brokers offers the familiar MetaTrader ecosystem, which some traders may prefer. In ForexBrokers.com's ranking, Saxo again leads the way in trading technology, ranked #1, while GBE brokers is positioned at #57, indicating a significant difference in platform quality and breadth.
| Feature |
Saxo
|
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) | No | Yes |
| MetaTrader 5 (MT5) | No | Yes |
| DupliTrade | No | No |
| ZuluTrade | No | No |
| Charting - Indicators / Studies (Total) | 64 | 30 |
| Charting - Drawing Tools (Total) | 20 | 15 |
| Charting - Trade From Chart | Yes | Yes |
| Watchlists - Total Fields | 60 | 7 |
Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.
When comparing the mobile trading apps of Saxo and GBE brokers, both offer applications for iPhone and Android devices. Users can set stock or forex price alerts on both apps, ensuring they don't miss any market movements. However, when it comes to syncing watchlist symbols between the mobile app and their online account, Saxo provides seamless syncing, whereas GBE brokers do not offer this feature. For traders keen on technical analysis, Saxo outshines GBE brokers with 64 technical studies available in its charting tools compared to GBE's 30. Both apps allow users to draw trendlines on charts and view these charts in various time frames, such as daily, weekly, or intraday, while also auto-saving any drawings made. Real-time quote watchlists are supported on both platforms, providing users the ability to monitor their favorite stocks or forex pairs efficiently.
Saxo is lauded for its mobile trading app, earning a top-notch 5-star rating and ranking #2 out of 63 brokers, according to ForexBrokers.com. Meanwhile, GBE brokers earn a solid yet less impressive 4-star rating and are positioned at #57 in the same evaluation. These distinctions highlight Saxo's superior user experience and more advanced feature set, making it a more favored choice for mobile trading. Whether you're a seasoned trader or a novice, Saxo's platform offers a more comprehensive package that caters to a variety of trading needs on the go.
| Feature |
Saxo
|
GBE brokers
|
|---|---|---|
| Android App | Yes | Yes |
| Apple iOS App | Yes | Yes |
| Mobile Alerts - Basic Fields | Yes | Yes |
| Watchlist Syncing | Yes | No |
| Mobile Charting - Indicators / Studies | 64 | 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 Saxo and GBE Brokers, both offer daily market commentary and an economic calendar, providing essential insights into current and upcoming global events. However, Saxo sets itself apart by providing forex news from top-tier sources like Bloomberg and Reuters, a feature not available from GBE Brokers. This ensures that Saxo clients receive high-quality, credible news that can significantly impact trading decisions. Additionally, Saxo offers tools powered by Autochartist for technical or fundamental analysis, enriching the research experience. In contrast, GBE Brokers lacks these advanced tools, making it less suitable for traders who rely on in-depth market analysis.
Both platforms offer sentiment-based trading tools, which help traders understand market psychology by showing the ratio of long to short positions across various instruments. Despite some similarities, Saxo excels in research quality with a stellar 5-star rating and is ranked #1 out of 63 brokers in the Research category by ForexBrokers.com. Meanwhile, GBE Brokers has a 3-star rating and ranks lower, at #62. This data highlights Saxo's commitment to providing superior market research tools and services, catering to traders who prioritize comprehensive market insights.
| Feature |
Saxo
|
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 | 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 beginner traders, Saxo truly stands out compared to GBE brokers. Saxo provides an extensive array of more than ten educational pieces focused on forex and CFDs, including articles, videos, and archived webinars, which are vital for anyone new to trading. They host regular online webinars every month, ensuring clients have access to live learning opportunities. Additionally, Saxo offers a searchable archive of recorded webinars, allowing traders to revisit and learn at their own pace. In terms of video content, Saxo excels by providing over ten beginner-friendly educational videos, alongside advanced videos catering to more experienced traders. To further support their clients, Saxo maintains an investor dictionary with definitions for over 50 investing terms, making it easier for beginners to get a grasp of complex concepts.
In contrast, GBE brokers fall short in these areas. They offer less than ten educational pieces focused on forex and CFDs and do not provide monthly online webinars or a searchable archive of past webinars. GBE brokers also lack a wide selection of beginner and advanced educational videos, and they do not offer a comprehensive investor dictionary. Saxo's dedication to education is reflected in their higher rating and ranking: they receive a 5-star rating for education and are ranked 13th out of 63 brokers by ForexBrokers.com. Meanwhile, GBE brokers hold a 3-star rating in the education category and are positioned at 63rd place, underscoring the superior educational offerings of Saxo for those new to trading.
| Feature |
Saxo
|
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 Saxo is better than GBE brokers. Saxo finished with an overall rank of #3, while GBE brokers finished with an overall rank of #57.
Saxo is an exclusive multi-asset broker with brilliant research and a superb trading platform experience – as well as a stunning selection of over 40,000 securities.
| Feature |
Saxo
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GBE brokers
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|---|---|---|
| Overall Rating |
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| Trust Score | 99 | 71 |
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Both Saxo and GBE Brokers do not provide the option to purchase actual delivered cryptocurrency, but they each offer the ability to invest in cryptocurrency derivatives.
While both Saxo and GBE Brokers provide Visa, Mastercard, and bank wire options for depositing and withdrawing funds, GBE Brokers offers additional flexibility with ACH, SEPA, PayPal, and Skrill, which are not available with Saxo.
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 | Saxo | GBE brokers | |
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| Trust Score | 99 | 71 | |
| Winner | check_circle | ||
| Review | Saxo Review |
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| Regulation | Saxo | GBE brokers | |
|---|---|---|---|
| Trust Score | 99 | 71 | |
| Year Founded | 1992 | 2013 | |
| Publicly Traded (Listed) | No | No | |
| Bank | Yes | No | |
| Regulated in one or more EU or EEA countries (MiFID). | Yes | Yes | |
| Tier-1 Licenses | 7 | 1 | |
| Tier-2 Licenses | 1 | 0 | |
| Tier-3 Licenses | 0 | 0 | |
| Tier-4 Licenses | 0 | 1 |
| Tier-1 Licenses (Highly Trusted) | Saxo | GBE brokers | |
|---|---|---|---|
| Australia (ASIC Authorised) | Yes | No | |
| Canada (CIRO Authorised) | No | No | |
| Hong Kong (SFC Authorised) | Yes | No | |
| Japan (SFC Authorised) | Yes | No | |
| Singapore (MAS Authorised) | Yes | No | |
| Switzerland (FINMA Authorised) | Yes | 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) | Saxo | GBE brokers | |
|---|---|---|---|
| Kenya (CMA Authorised) | No | No | |
| Israel (ISA Authorised) | No | No | |
| South Africa (FSCA Authorised) | No | No | |
| UAE (DFSA/Central Bank Authorised) | Yes | No | |
| India (SEBI Authorised) | No | No | |
| Jordan (JSC Authorised) | No | No |
| Investments | Saxo | GBE brokers | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 70000 | 500 | |
| Forex Pairs (Total) | 190 | 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) | 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 | Saxo | GBE brokers | |
|---|---|---|---|
| Average Spread EUR/USD - Standard | 1.1 | N/A | |
| All-in Cost EUR/USD - Active | 0.9 | N/A | |
| Active Trader or VIP Discounts | Yes | No | |
| Inactivity Fee | Yes | No | |
| Execution: Agency Broker | Yes | No | |
| Execution: Market Maker | Yes | Yes |
| Funding | Saxo | GBE brokers | |
|---|---|---|---|
| Minimum Deposit | $0 | $500 | |
| PayPal (Deposit/Withdraw) | No | Yes | |
| Skrill (Deposit/Withdraw) | No | Yes | |
| Visa/Mastercard (Credit/Debit) | Yes | Yes | |
| Bank Wire (Deposit/Withdraw) | Yes | Yes | |
| ACH or SEPA Transfers | No | Yes |
| Trading Platforms | Saxo | GBE brokers | |
|---|---|---|---|
| Proprietary Platform | Yes | No | |
| Desktop Platform (Windows) | Yes | Yes | |
| Web Platform | Yes | Yes | |
| Social Trading / Copy Trading | Yes | Yes | |
| MetaTrader 4 (MT4) | No | Yes | |
| MetaTrader 5 (MT5) | No | Yes | |
| cTrader | No | No | |
| DupliTrade | No | No | |
| ZuluTrade | No | No |
| Trading Tools | Saxo | GBE brokers | |
|---|---|---|---|
| Virtual Trading (Demo) | Yes | Yes | |
| Alerts - Basic Fields | Yes | Yes | |
| Watchlists - Total Fields | 60 | 7 | |
| Charting - Indicators / Studies (Total) | 64 | 30 | |
| Charting - Drawing Tools (Total) | 20 | 15 | |
| Charting - Trade From Chart | Yes | Yes | |
| Charts can be saved | Yes | Yes |
| Mobile Trading | Saxo | GBE brokers | |
|---|---|---|---|
| Android App | Yes | Yes | |
| Apple iOS App | Yes | Yes | |
| Mobile Alerts - Basic Fields | Yes | Yes | |
| Mobile Watchlist | Yes | Yes | |
| Watchlist Syncing | Yes | No | |
| Mobile Charting - Indicators / Studies | 64 | 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 | Saxo | GBE brokers | |
|---|---|---|---|
| Daily Market Commentary | Yes | Yes | |
| Forex News (Top-Tier Sources) | Yes | No | |
| Autochartist | Yes | No | |
| Trading Central (Recognia) | No | No | |
| TipRanks | No | No | |
| Social Sentiment - Currency Pairs | Yes | Yes | |
| Economic Calendar | Yes | Yes |
| Education | Saxo | 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 | Saxo | 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 | Saxo Review |
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| Trust Score | 99 | 71 | |
| Winner | check_circle | ||
| Review | Saxo Review |
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