Written by ForexBrokers.com
In this head to head comparison of Spreadex 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.
Spreadex, established in 1999, and GBE brokers, founded in 2013, both operate as online brokers and are not publicly traded or affiliated with banks. Each broker holds one Tier-1 license, signaling a high level of trust in their regulatory standing. However, neither firm holds any Tier-2 licenses. Despite the differing ages of these companies, both have earned a Trust Score rating of 71 from ForexBrokers.com, indicating an average level of risk for users considering their services.
While Spreadex and GBE brokers share similar trust ratings and licensing strength, it's important to note that these scores reflect a moderate risk level. Prospective users may wish to compare other features and services offered by each broker to determine the best fit for their specific trading needs. These statistics help investors make informed decisions by understanding the regulatory environment each broker operates within.
| Feature |
Spreadex
|
GBE brokers
|
|---|---|---|
| Year Founded | 1999 | 2013 |
| Publicly Traded (Listed) | No | No |
| Bank | No | No |
| Tier-1 Licenses | 1 | 1 |
| Tier-2 Licenses | 0 | 0 |
| Tier-3 Licenses | 0 | 0 |
| Tier-4 Licenses | 0 | 1 |
When comparing the commissions and fees of Spreadex and GBE brokers, it’s important to consider their performance metrics and rankings. Spreadex stands out with an average spread of 0.81 pips for EUR/USD in January 2024. Their minimum spread of 0.6 pips was realized 60% of the time during the same month, making it a competitive choice for cost-conscious traders. This efficiency has earned Spreadex a commendable 4-star rating in the Commissions and Fees category.
In contrast, GBE brokers do not provide specific average spread data, which can be a consideration for traders looking for transparency in trading costs. However, GBE brokers also receive a 4-star rating for their Commissions and Fees, indicating a satisfactory level of service in this regard.
In terms of their rankings among peers, Spreadex is placed at #27 out of 63 brokers in the Commissions and Fees category according to ForexBrokers.com. GBE brokers follow at #37, suggesting a slightly less competitive position in this category. These ratings and rankings offer potential clients insights into the cost-effectiveness and reliability of each broker for managing trading expenses.
| Feature |
Spreadex
|
GBE brokers
|
|---|---|---|
| Minimum Deposit | $0 | $500 |
| Average Spread EUR/USD - Standard | 0.81 | N/A |
| All-in Cost EUR/USD - Active | N/A | N/A |
| Active Trader or VIP Discounts | No | 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.
Spreadex and GBE brokers are both well-known players in the online trading arena, offering a variety of investment options to cater to different trader preferences. Spreadex provides access to a vast selection of 10,000 tradeable symbols, including a substantial 52 forex pairs available through CFDs—showcasing their commitment to offering diverse trading opportunities. On the other hand, GBE brokers feature 500 tradeable symbols with a slightly higher focus on forex pairs, offering 71 in total. Both platforms give traders the chance to explore cryptocurrency derivatives but stop short of actual cryptocurrency purchases. Neither brokerage currently supports trading in exchange-traded securities from U.S. or international markets.
While Spreadex does not offer copy trading features, which may limit its appeal to those looking to mimic the strategies of seasoned traders, GBE brokers stand out in this aspect by incorporating such tools. When weighed against each other, Spreadex is rated higher for its range of investments, securing 5 stars and achieving a commendable rank of 13 out of 63 brokers according to ForexBrokers.com. In contrast, GBE brokers attain a rating of 3.5 stars and are ranked 44th, indicating a notable difference in user perception regarding the breadth of investments offered by each platform.
| Feature |
Spreadex
|
GBE brokers
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 10000 | 500 |
| Forex Pairs (Total) | 52 | 71 |
| U.S. Stock Trading (Non CFD) | No | No |
| Int'l Stock Trading (Non CFD) | No | No |
| Social Trading / Copy Trading | No | 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.
Spreadex and GBE Brokers each offer distinct advantages when it comes to trading platforms and tools. Both brokers provide simulated trading with free virtual demo accounts, making it easy for newcomers to practice without financial risk. While Spreadex boasts an in-house developed platform, GBE Brokers rely on external solutions like MetaTrader 4 and MetaTrader 5. Both companies offer web-based trading platforms, though GBE Brokers has the added benefit of a Windows-based desktop download platform. However, GBE Brokers stands out for its copy trading capabilities, a feature not available with Spreadex.
Charting tools further distinguish the two brokers. GBE Brokers provides 15 drawing tools and the opportunity to trade directly from stock charts, similar to Spreadex, which offers 11 drawing tools. When it comes to watch lists, Spreadex provides eight fields compared to GBE Brokers' seven. In terms of industry recognition, both are rated four stars for their trading platforms and tools, yet Spreadex is ranked slightly higher at position #46 compared to GBE Brokers at #57 by ForexBrokers.com. These features make each broker appealing for different types of traders based on their specific needs and preferences.
| Feature |
Spreadex
|
GBE brokers
|
|---|---|---|
| Virtual Trading (Demo) | Yes | Yes |
| Proprietary Platform | Yes | No |
| Desktop Platform (Windows) | No | Yes |
| Web Platform | Yes | Yes |
| Social Trading / Copy Trading | No | Yes |
| MetaTrader 4 (MT4) | No | Yes |
| MetaTrader 5 (MT5) | No | Yes |
| DupliTrade | No | No |
| ZuluTrade | No | No |
| Charting - Indicators / Studies (Total) | 58 | 30 |
| Charting - Drawing Tools (Total) | 11 | 15 |
| Charting - Trade From Chart | Yes | Yes |
| Watchlists - Total Fields | 8 | 7 |
Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.
Spreadex and GBE brokers both offer iPhone and Android apps, ensuring traders can access the market from their mobile devices. Both apps provide stock or forex price alerts to keep users informed of market changes. However, neither broker has implemented watchlist symbol syncing, which would allow changes made on one platform to reflect on the other. When it comes to charting capabilities, both platforms allow users to draw trendlines and view various time frames, though GBE brokers additionally provides 30 technical studies for deeper analysis. Importantly, GBE brokers' app automatically saves your chart drawings, a feature not available with Spreadex.
Creating a watchlist with real-time quotes is possible on both mobile apps. Despite these similarities, each app has been rated differently in global rankings. Spreadex's mobile trading app holds a four-star user rating and ranks #46 out of 63 brokers on ForexBrokers.com for mobile trading, whereas GBE brokers also receives a four-star rating but is positioned at #57. These rankings suggest that while both platforms are similarly rated by users, Spreadex may offer an edge in terms of overall satisfaction and app functionality.
| Feature |
Spreadex
|
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 | N/A | 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 considering the market research offerings available through online brokers, Spreadex and GBE brokers present distinct differences. Spreadex distinguishes itself with daily market commentary and the inclusion of forex news from top-tier sources like Bloomberg, Reuters, and Dow Jones, a feature that GBE brokers lack. Additionally, Spreadex supports traders with tools from the well-regarded Autochartist, which are absent in GBE brokers' lineup. Both brokers provide a sentiment-based trading tool that indicates long and short positions across various instruments and maintain economic calendars displaying global news events.
Despite some similarities, these distinctions contribute to the overall appeal and resourcefulness of these brokers. Spreadex's edge in offering sophisticated market insights earns it a four-star research rating and a #31 rank among 63 brokers evaluated by ForexBrokers.com. In contrast, GBE brokers receive a three-star rating and a lower rank of #62, emphasizing the enhanced depth of research resources and support available to Spreadex users. These factors may play a crucial role for traders deciding between the two platforms for their market analysis needs.
| Feature |
Spreadex
|
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 new traders, Spreadex has the edge over GBE Brokers. Spreadex provides a wealth of educational content, offering at least 10 pieces that focus on forex or CFDs. This can be particularly beneficial for beginners looking to understand the market's nuances. Additionally, Spreadex supplies over 10 beginner-friendly videos that cover various trading topics, helping new traders to grasp essential concepts with ease. They also provide an investor dictionary with more than 50 terms defined, which can be a handy reference for anyone just starting out in the trading world. Although Spreadex does not offer online webinars or advanced educational videos, its education offerings earn them a commendable 4-star rating in this category. As a result, Spreadex ranks #45 out of 63 brokers for education according to ForexBrokers.com, placing them significantly ahead of GBE Brokers.
In contrast, GBE Brokers has a more modest educational offering. The company does not provide the minimum of 10 educational resources focused on forex or CFDs nor beginner videos, limiting the available learning material for newcomers. They also lack an investor dictionary and do not conduct regular educational webinars, potentially leaving those new to trading with fewer tools to enhance their understanding of the markets. Consequently, GBE Brokers holds a 3-star education rating and ranks at the bottom, at #63, in the ForexBrokers.com education category. For beginners looking for a broker with comprehensive educational resources, Spreadex appears to be the more advantageous choice.
| Feature |
Spreadex
|
GBE brokers
|
|---|---|---|
| Education (Forex or CFDs) | Yes | No |
| Client Webinars | No | No |
| Client Webinars (Archived) | No | No |
| Videos - Beginner Trading Videos | Yes | 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 Spreadex is better than GBE brokers. Spreadex finished with an overall rank of #39, while GBE brokers finished with an overall rank of #57.
Spreadex is an FCA-regulated broker in the UK, offering forex and CFDs, and is well known for its sports betting business, and proprietary web trading platforms. Spreadex still has considerable room to improve, in key categories such as research and education, compared to the best forex brokers.
| Feature |
Spreadex
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GBE brokers
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|---|---|---|
| Overall Rating |
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| Trust Score | 71 | 71 |
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Both Spreadex and GBE Brokers do not offer the ability to buy actual delivered cryptocurrency, but they do provide options to invest in cryptocurrency derivatives.
When comparing the online broker Spreadex to GBE brokers, it's notable that GBE brokers offer more diverse options for depositing or withdrawing account funds, including ACH or SEPA transfers, PayPal, and Skrill, whereas both platforms support Visa, Mastercard, and bank wire transactions.
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 | Spreadex | GBE brokers | |
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| Trust Score | 71 | 71 | |
| Winner | check_circle | ||
| Review | Spreadex Review |
| Broker Screenshots | Spreadex | GBE brokers | |
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| Regulation | Spreadex | GBE brokers | |
|---|---|---|---|
| Trust Score | 71 | 71 | |
| Year Founded | 1999 | 2013 | |
| Publicly Traded (Listed) | No | No | |
| Bank | No | No | |
| Regulated in one or more EU or EEA countries (MiFID). | No | Yes | |
| Tier-1 Licenses | 1 | 1 | |
| Tier-2 Licenses | 0 | 0 | |
| Tier-3 Licenses | 0 | 0 | |
| Tier-4 Licenses | 0 | 1 |
| Tier-1 Licenses (Highly Trusted) | Spreadex | 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). | No | Yes |
| Tier-2 Licenses (Trusted) | Spreadex | 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 | Spreadex | GBE brokers | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 10000 | 500 | |
| Forex Pairs (Total) | 52 | 71 | |
| U.S. Stock Trading (Non CFD) | No | No | |
| Int'l Stock Trading (Non CFD) | No | No | |
| Social Trading / Copy Trading | No | 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 | Spreadex | GBE brokers | |
|---|---|---|---|
| Average Spread EUR/USD - Standard | 0.81 | 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 | Spreadex | 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 | Spreadex | GBE brokers | |
|---|---|---|---|
| Proprietary Platform | Yes | No | |
| Desktop Platform (Windows) | No | Yes | |
| Web Platform | Yes | Yes | |
| Social Trading / Copy Trading | No | Yes | |
| MetaTrader 4 (MT4) | No | Yes | |
| MetaTrader 5 (MT5) | No | Yes | |
| cTrader | No | No | |
| DupliTrade | No | No | |
| ZuluTrade | No | No |
| Trading Tools | Spreadex | GBE brokers | |
|---|---|---|---|
| Virtual Trading (Demo) | Yes | Yes | |
| Alerts - Basic Fields | Yes | Yes | |
| Watchlists - Total Fields | 8 | 7 | |
| Charting - Indicators / Studies (Total) | 58 | 30 | |
| Charting - Drawing Tools (Total) | 11 | 15 | |
| Charting - Trade From Chart | Yes | Yes | |
| Charts can be saved | Yes | Yes |
| Mobile Trading | Spreadex | 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 | N/A | 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 | Spreadex | 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 | Spreadex | GBE brokers | |
|---|---|---|---|
| Education (Forex or CFDs) | Yes | No | |
| Client Webinars | No | No | |
| Client Webinars (Archived) | No | No | |
| Videos - Beginner Trading Videos | Yes | No | |
| Videos - Advanced Trading Videos | No | No | |
| Investor Dictionary (Glossary) | Yes | No |
| Major Forex Pairs | Spreadex | 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 | Spreadex Review |
| Overall | Spreadex | GBE brokers | |
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| Trust Score | 71 | 71 | |
| Winner | check_circle | ||
| Review | Spreadex Review |
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