Written by ForexBrokers.com
In this head to head comparison of GBE brokers vs TopFX, 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 and TopFX are both well-established online brokers, with GBE brokers founded in 2013 and TopFX in 2010. Neither broker is publicly traded, nor do they operate as banks. In terms of regulatory trust, each holds one Tier-1 license, which is considered highly trusted. However, neither holds a Tier-2 license. The ForexBrokers.com Trust Score rates GBE brokers with a score of 71, placing it within the average risk category, while TopFX scores slightly lower at 67, aligning it in the high-risk category.
| Feature |
GBE brokers
|
TopFX
|
|---|---|---|
| Year Founded | 2013 | 2010 |
| 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 | 1 | 1 |
In comparing GBE brokers and TopFX on commissions and fees, both brokerages offer competitive rates but with different approaches. GBE brokers do not have available average spread data, yet they have garnered a steady 4-star rating for their commissions and fees, placing them at 37th out of 63 brokers according to ForexBrokers.com. This score suggests GBE brokers are a reliable choice for those seeking consistent value in their trading costs.
On the other hand, TopFX provides two distinct account types: the spread-only ZERO account and the commission-based RAW account, both accessible on MetaTrader and cTrader. The RAW account incurs a commission of 2.75 EUR per side, totaling around 5.50 EUR for each round-turn standard lot. For the month of July 2024, TopFX's commission-based account resulted in all-in trading costs of approximately 0.88 pips for EUR/USD, which aligns with the industry average. Meanwhile, their ZERO account is commission-free but comes with higher spreads, averaging 1.03 pips for EUR/USD during the same period.
TopFX also holds a 4-star rating for their commissions and fees but is ranked slightly lower at 40th out of 63 brokers by ForexBrokers.com. Despite the differences in their fee structures, both GBE brokers and TopFX provide competitive trading conditions catering to various trading preferences, ensuring a balanced range of options for different traders.
| Feature |
GBE brokers
|
TopFX
|
|---|---|---|
| Minimum Deposit | $500 | Depends on payment method |
| Average Spread EUR/USD - Standard | N/A | 1.03 |
| All-in Cost EUR/USD - Active | N/A | 0.88 |
| Active Trader or VIP Discounts | No | No |
| ACH or SEPA Transfers | Yes | No |
| 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.
GBE Brokers and TopFX provide a diverse selection of trading opportunities, each specializing in distinct offerings while sharing some common features. Both brokers stand shoulder-to-shoulder with similar capabilities, such as offering forex trading as CFDs or spot contracts and providing the option to trade cryptocurrency derivatives. While GBE Brokers gives clients access to 71 tradeable forex pairs, TopFX offers slightly fewer at 60. When it comes to the overall number of tradeable symbols, TopFX edges ahead with 655 compared to GBE Brokers' 500. However, neither broker provides options for exchange-traded securities on U.S. or international exchanges, such as individual stocks like Apple or Vodafone.
Despite these differences, both platforms cater to a diverse user base by supporting copy trading—allowing investors to mirror the trades of successful peers. At the end of the day, both GBE Brokers and TopFX receive a similar rating of 3.5 stars for their range of investments. In terms of ranking, GBE Brokers is positioned at #44, just two places ahead of TopFX at #46 out of 63 brokers on the ForexBrokers.com platform, indicating a comparable yet slightly more varied offering from GBE Brokers in this competitive market space. For traders looking for specific features, these subtle differences may guide their choice between these two competent platforms.
| Feature |
GBE brokers
|
TopFX
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 500 | 655 |
| Forex Pairs (Total) | 71 | 60 |
| 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.
Both GBE Brokers and TopFX offer a comprehensive set of trading platforms and tools to cater to different trader preferences. Both brokers allow clients to explore simulated trading through free virtual demo accounts, helping them sharpen their skills without financial risks. Neither GBE Brokers nor TopFX features a proprietary platform; however, both provide popular trading options like MetaTrader 4 (MT4) on Windows-based desktops and online web-based platforms. Additionally, GBE Brokers extends its offering to MetaTrader 5 (MT5), unlike TopFX. Those keen on social trading will appreciate that both brokers support copy trading, although neither offers DupliTrade or ZuluTrade.
Charting capabilities at both GBE Brokers and TopFX include 15 drawing tools and the ability to initiate trades directly from stock charts. Watchlists are customizable with up to seven columns, making it easier to stay organized. Although both brokers received a solid rating of 4 stars out of 5 for Trading Platforms and Tools, their rankings differ, with TopFX positioned more favorably at #45 versus GBE Brokers at #57 according to ForexBrokers.com. This comparison underscores the similar strengths each broker shares, while also highlighting slight differences in rankings and platform offerings.
| Feature |
GBE brokers
|
TopFX
|
|---|---|---|
| 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 | No |
| DupliTrade | No | No |
| ZuluTrade | No | 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.
Both GBE Brokers and TopFX offer mobile trading apps available for iPhone and Android users, making them accessible for traders on the go. They each feature the ability to set stock and forex price alerts and allow for technical analysis with 30 technical studies in their charting tools. Users can draw trendlines and access multiple time frames, ensuring a comprehensive trading experience. Additionally, both apps are designed to automatically save any drawings made on stock or forex charts for future reference. With these shared features, both brokers provide a similar mobile trading environment.
While users can create watchlists with real-time quotes in both mobile apps, neither GBE Brokers nor TopFX support watchlist symbol syncing, meaning changes to watchlists are not synced between the mobile app and online accounts. Both companies receive a four-star rating for their mobile trading apps, though TopFX slightly edges out GBE Brokers in rankings by ForexBrokers.com; TopFX is ranked 51st out of 63 brokers, whereas GBE Brokers comes in at 57th. Overall, these apps deliver essential trading functionalities, though users seeking seamless syncing across devices might need to look elsewhere.
| Feature |
GBE brokers
|
TopFX
|
|---|---|---|
| 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 GBE Brokers and TopFX, both brokers bring unique advantages to the table. GBE Brokers stands out by providing daily market commentary and a sentiment-based trading tool that helps traders identify the ratio of long and short positions across various currency pairs or instruments. In addition, traders can rely on GBE Brokers' comprehensive economic calendar to stay informed about current and upcoming global news events. However, GBE Brokers does fall short in offering forex news from renowned sources such as Bloomberg and Reuters, as well as missing out on advanced technical analysis tools from companies like Autochartist and Trading Central.
On the other hand, TopFX shines by supplying forex news from top-tier sources, ensuring traders have access to timely and relevant information. It also excels by providing advanced technical analysis and fundamental research tools through Autochartist and Trading Central. Like GBE Brokers, TopFX delivers a sentiment-based trading tool and a detailed economic calendar. While both brokers share a three-star rating for their research capabilities, TopFX is ranked slightly higher at #60 compared to GBE Brokers' #62 in the ForexBrokers.com Research category. Ultimately, TopFX's offering might be more attractive to traders seeking richer news content and analytical resources to guide their trading decisions.
| Feature |
GBE brokers
|
TopFX
|
|---|---|---|
| Daily Market Commentary | Yes | No |
| Forex News (Top-Tier Sources) | No | Yes |
| Autochartist | No | Yes |
| Trading Central (Recognia) | No | Yes |
| 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 interested in forex or CFDs, both GBE brokers and TopFX have room for improvement. Neither broker provides a substantial library of educational materials such as articles, videos, or webinars tailored for beginners. Monthly live webinars and access to archived sessions are also unavailable, leaving those new to trading without frequent opportunities to learn from experts. Additionally, neither GBE brokers nor TopFX offers a comprehensive set of beginner-focused educational videos or an investor dictionary to understand key trading terms.
Despite their similar limitations, GBE brokers and TopFX are awarded a three-star rating for educational offerings. They both rank towards the bottom end in the category of education on ForexBrokers.com, with GBE brokers holding the last spot at #63, while TopFX is slightly ahead at #61. For beginners seeking rich educational content, exploring other brokers that emphasize learning resources could be more advantageous.
| Feature |
GBE brokers
|
TopFX
|
|---|---|---|
| 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 | No |
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 TopFX. GBE brokers finished with an overall rank of #57, while TopFX finished with an overall rank of #62.
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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TopFX
|
|---|---|---|
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| Trust Score | 71 | 67 |
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Both GBE Brokers and TopFX do not offer the option to buy actual delivered cryptocurrency, but they each provide the capability to trade in cryptocurrency derivatives.
GBE Brokers and TopFX both support popular payment methods like PayPal, Skrill, Visa, Mastercard, and bank wires for deposits and withdrawals, but only GBE Brokers offers the additional flexibility of ACH or SEPA transfers, which TopFX does not provide.
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 | TopFX | |
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| Trust Score | 71 | 67 | |
| Winner | check_circle | ||
| Review | TopFX Review |
| Broker Screenshots | GBE brokers | TopFX | |
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| Regulation | GBE brokers | TopFX | |
|---|---|---|---|
| Trust Score | 71 | 67 | |
| Year Founded | 2013 | 2010 | |
| 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 | 0 | |
| Tier-3 Licenses | 0 | 0 | |
| Tier-4 Licenses | 1 | 1 |
| Tier-1 Licenses (Highly Trusted) | GBE brokers | TopFX | |
|---|---|---|---|
| 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 | TopFX | |
|---|---|---|---|
| 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 | GBE brokers | TopFX | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 500 | 655 | |
| Forex Pairs (Total) | 71 | 60 | |
| 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 | TopFX | |
|---|---|---|---|
| Average Spread EUR/USD - Standard | N/A | 1.03 | |
| All-in Cost EUR/USD - Active | N/A | 0.88 | |
| Active Trader or VIP Discounts | No | No | |
| Inactivity Fee | No | No | |
| Execution: Agency Broker | No | No | |
| Execution: Market Maker | Yes | Yes |
| Funding | GBE brokers | TopFX | |
|---|---|---|---|
| Minimum Deposit | $500 | Depends on payment method | |
| 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 | No |
| Trading Platforms | GBE brokers | TopFX | |
|---|---|---|---|
| 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 | No | |
| cTrader | No | Yes | |
| DupliTrade | No | No | |
| ZuluTrade | No | No |
| Trading Tools | GBE brokers | TopFX | |
|---|---|---|---|
| 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 | GBE brokers | TopFX | |
|---|---|---|---|
| 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 | GBE brokers | TopFX | |
|---|---|---|---|
| Daily Market Commentary | Yes | No | |
| Forex News (Top-Tier Sources) | No | Yes | |
| Autochartist | No | Yes | |
| Trading Central (Recognia) | No | Yes | |
| TipRanks | No | No | |
| Social Sentiment - Currency Pairs | Yes | Yes | |
| Economic Calendar | Yes | Yes |
| Education | GBE brokers | TopFX | |
|---|---|---|---|
| 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 | No |
| Major Forex Pairs | GBE brokers | TopFX | |
|---|---|---|---|
| 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 | TopFX Review |
| Overall | GBE brokers | TopFX | |
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| Trust Score | 71 | 67 | |
| Winner | check_circle | ||
| Review | TopFX Review |
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