Written by ForexBrokers.com
In this head to head comparison of XM Group 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.
XM Group, founded in 2009, and GBE brokers, established in 2013, are both private entities in the online brokerage space, meaning they are not listed on a stock exchange. Neither company operates as a bank. Whereas XM Group boasts a higher level of oversight with four Tier-1 licenses and one Tier-2 license, GBE brokers holds one Tier-1 license and lacks any Tier-2 licenses. This suggests a higher degree of regulatory assurance for XM Group according to ForexBrokers.com standards.
In terms of trustworthiness ratings, XM Group scores an impressive 93 out of 99 on ForexBrokers.com’s Trust Score, categorizing it as highly trusted. In contrast, GBE brokers receives a rating of 71, placing it in the average risk bracket. These scores reflect the brokers' differing levels of regulatory compliance and oversight, potentially steering clients toward XM Group if regulatory status is a priority in choosing a broker.
| Feature |
XM Group
|
GBE brokers
|
|---|---|---|
| Year Founded | 2009 | 2013 |
| Publicly Traded (Listed) | No | No |
| Bank | No | No |
| Tier-1 Licenses | 4 | 1 |
| Tier-2 Licenses | 1 | 0 |
| Tier-3 Licenses | 0 | 0 |
| Tier-4 Licenses | 1 | 1 |
Comparing the commissions and fees of online brokers XM Group and GBE brokers reveals some differences that potential investors might want to consider. XM Group's standard account spreads are on the expensive side, and the broker does not publish average spreads for its XM Zero commission-based account. Despite this, XM Group has been rated four out of five stars for its commissions and fees.
Similarly, GBE brokers do not provide data on average spreads, which might be a point of consideration for traders looking for transparency in fee structures. Nonetheless, GBE brokers also received a four-star rating for their commissions and fees, indicating that both brokers are considered relatively favorable in this area despite the lack of detailed spread information.
In terms of industry ranking, XM Group stands at 33rd place out of 63 brokers in the Commissions and Fees category, according to ForexBrokers.com. GBE brokers rank slightly lower, taking the 37th position out of the same 63 brokers. This ranking suggests that while both brokers offer competitive rates, XM Group might have a slight edge over GBE brokers in this specific category.
| Feature |
XM Group
|
GBE brokers
|
|---|---|---|
| Minimum Deposit | $5 | $1000 |
| Average Spread EUR/USD - Standard | 1.6 | N/A |
| All-in Cost EUR/USD - Active | 0.8 | N/A |
| Active Trader or VIP Discounts | No | No |
| ACH or SEPA Transfers | No | Yes |
| PayPal (Deposit/Withdraw) | No | 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.
When considering the array of investments available, XM Group and GBE brokers each have distinct offerings tailored to varying trader preferences. XM Group stands out with a much larger selection of 1,394 tradeable symbols, surpassing GBE brokers' 500. While both online brokers provide forex trading via CFDs, XM Group offers 55 forex pairs contrasting with GBE's more extensive selection of 71. Additionally, XM Group provides its clients access to exchange-traded securities for both U.S. and international markets, a feature that GBE brokers do not offer. Such options include buying shares of notable companies like Apple and Vodafone directly. Both platforms support the availability of cryptocurrency derivatives but do not facilitate the purchase of actual cryptocurrencies.
Moreover, both XM Group and GBE brokers endorse copy trading, allowing clients to mirror the trades of experienced investors. Evaluating their investment range, ForexBrokers.com awarded XM Group a commendable rating of 4.5 stars and positioned it at 24th out of 63 brokers. Meanwhile, GBE brokers received a 3.5-star rating, ranking at 44th. Consequently, traders looking for a diverse portfolio might find XM Group's offering more appealing in terms of the range of investments available.
| Feature |
XM Group
|
GBE brokers
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 1394 | 500 |
| Forex Pairs (Total) | 55 | 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 it comes to trading platforms and tools, both XM Group and GBE brokers provide users with the flexibility of a simulated trading experience through free virtual demo accounts. Neither broker offers a proprietary platform, but they both support popular trading software like MetaTrader 4 and MetaTrader 5, which seamlessly integrate with their Windows-based desktop and browser platforms. Traders can also engage in copy trading with either broker, making it easier to mirror successful trading strategies.
Charting tools are equally accessible with both XM Group and GBE brokers, providing 15 drawing tools and the capability to trade directly from a stock chart. Each broker also offers 7 columns for watch lists to help users stay organized. In ratings for trading platforms and tools, both brokers receive four out of five stars, although XM Group holds a higher ranking at #32 compared to GBE brokers at #57 among 63 brokers reviewed. However, neither broker supports DupliTrade or ZuluTrade, setting a clear baseline of features common to both.
| Feature |
XM Group
|
GBE brokers
|
|---|---|---|
| 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 | 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.
When it comes to mobile trading apps, both XM Group and GBE brokers provide solutions compatible with iPhones and Android devices. Both apps feature essential tools like stock and forex price alerts and the ability to draw trendlines on charts. Users can explore various time frames—daily, weekly, or intraday—on stock or forex charts within both platforms. Moreover, each app offers 30 technical studies for chart analysis, enabling traders to conduct detailed technical assessments. Creating watchlists with real-time quotes is also supported by both brokers, making tracking market movements straightforward.
Despite these similarities, XM Group takes the lead in some areas over GBE brokers. Notably, XM Group's app supports watchlist symbol syncing with the user's online account, ensuring updates made on the mobile app reflect automatically online. However, GBE brokers can automatically save drawings on charts, a feature XM Group lacks. In ratings, both brokers earn a solid four stars for their mobile trading apps. Yet, XM Group holds a higher rank, placing 30th out of 63 brokers in the mobile trading apps category at ForexBrokers.com, while GBE brokers are ranked 57th. This suggests a slight edge for XM Group in the mobile trading experience.
| Feature |
XM Group
|
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 | 30 | 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 it comes to market research, XM Group and GBE brokers both offer daily market commentary and maintain an updated economic calendar, providing timely insights into global news events. However, XM Group stands out with its provision of forex news from esteemed sources like Bloomberg, Reuters, and Dow Jones, while GBE brokers do not offer such a resource. In addition, XM Group offers advanced technical analysis tools from Trading Central, a feature absent from GBE brokers. Both companies provide a sentiment-based trading tool to gauge long and short positions across currency pairs, which is beneficial for traders making strategic decisions.
XM Group's research capabilities earn it a distinguished five-star rating and an impressive ranking of 8 out of 63 brokers at ForexBrokers.com, signifying a robust research offering that appeals to many traders. On the other hand, GBE brokers receive a modest three-star rating and are ranked 62 in the same list. These distinctions highlight the noticeable variance in the quality of market research between the two brokers, positioning XM Group as a frontrunner for traders prioritizing comprehensive research insights.
| Feature |
XM Group
|
GBE brokers
|
|---|---|---|
| Daily Market Commentary | Yes | Yes |
| Forex News (Top-Tier Sources) | Yes | No |
| Autochartist | No | No |
| Trading Central (Recognia) | Yes | 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.
When it comes to educational resources for beginners in the realms of forex and CFDs, XM Group steps up as a well-resourced platform. Offering more than 10 pieces of educational content like articles, videos, and archived webinars, XM Group provides newcomers with ample learning materials. They even host at least one educational webinar each month and maintain a searchable archive of past sessions for those who want to revisit critical lessons. Beginners can also benefit from a library of over 10 videos tailor-made for them, along with advanced tutorials for seasoned traders, earning XM Group a 5-star rating in education and a notable 7th place ranking out of 63 brokers evaluated by ForexBrokers.com.
In contrast, GBE Brokers falls short in the educational domain for beginners. While they don't offer a substantial collection of educational resources, such as articles or videos dedicated to forex and CFDs like XM Group, they also lack regular webinars and an archive of recorded sessions. With no specialized beginner or advanced trading videos and no comprehensive investor dictionary, GBE Brokers has earned a diminished 3-star education rating and ranks last at 63rd place among brokers reviewed by ForexBrokers.com. For novices seeking rich and varied educational materials, XM Group clearly offers a more nurturing environment for learning and development.
| Feature |
XM Group
|
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) | No | No |
Dive deeper: Best Forex Brokers for Beginners.
After testing 63 of the best forex brokers, our research and account testing finds that XM Group is better than GBE brokers. XM Group finished with an overall rank of #17, while GBE brokers finished with an overall rank of #57.
XM Group is a MetaTrader-only broker that offers a strong selection of high-quality educational content and market research.
| Feature |
XM Group
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GBE brokers
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|---|---|---|
| Overall Rating |
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| Trust Score | 93 | 71 |
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Both XM Group and GBE brokers do not offer the ability to buy actual delivered cryptocurrency, but they provide options to trade cryptocurrency derivatives.
While both XM Group and GBE brokers offer Skrill, Visa/Mastercard, and bank wires for depositing or withdrawing funds, GBE brokers additionally supports ACH or SEPA transfers and PayPal, unlike XM Group which 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 | XM Group | GBE brokers | |
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| Trust Score | 93 | 71 | |
| Winner | check_circle | ||
| Review | XM Group Review |
| Broker Screenshots | XM Group | GBE brokers | |
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| Regulation | XM Group | GBE brokers | |
|---|---|---|---|
| Trust Score | 93 | 71 | |
| Year Founded | 2009 | 2013 | |
| Publicly Traded (Listed) | No | No | |
| Bank | No | No | |
| Regulated in one or more EU or EEA countries (MiFID). | Yes | Yes | |
| Tier-1 Licenses | 4 | 1 | |
| Tier-2 Licenses | 1 | 0 | |
| Tier-3 Licenses | 0 | 0 | |
| Tier-4 Licenses | 1 | 1 |
| Tier-1 Licenses (Highly Trusted) | XM Group | GBE brokers | |
|---|---|---|---|
| Australia (ASIC Authorised) | Yes | 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) | |||
| 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) | XM Group | GBE brokers | |
|---|---|---|---|
| Kenya (CMA Authorised) | |||
| Israel (ISA Authorised) | No | No | |
| South Africa (FSCA Authorised) | Yes | No | |
| UAE (DFSA/Central Bank Authorised) | Yes | No | |
| India (SEBI Authorised) | No | No | |
| Jordan (JSC Authorised) |
| Investments | XM Group | GBE brokers | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 1394 | 500 | |
| Forex Pairs (Total) | 55 | 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 | XM Group | GBE brokers | |
|---|---|---|---|
| Average Spread EUR/USD - Standard | 1.6 | N/A | |
| All-in Cost EUR/USD - Active | 0.8 | N/A | |
| Active Trader or VIP Discounts | No | No | |
| Inactivity Fee | Yes | No | |
| Execution: Agency Broker | No | No | |
| Execution: Market Maker | Yes | Yes |
| Funding | XM Group | GBE brokers | |
|---|---|---|---|
| Minimum Deposit | $5 | $1000 | |
| PayPal (Deposit/Withdraw) | No | Yes | |
| Skrill (Deposit/Withdraw) | Yes | Yes | |
| Visa/Mastercard (Credit/Debit) | Yes | Yes | |
| Bank Wire (Deposit/Withdraw) | Yes | Yes | |
| ACH or SEPA Transfers | No | Yes |
| Trading Platforms | XM Group | GBE brokers | |
|---|---|---|---|
| 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 | XM Group | GBE brokers | |
|---|---|---|---|
| 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 | XM Group | 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 | 30 | 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 | XM Group | GBE brokers | |
|---|---|---|---|
| Daily Market Commentary | Yes | Yes | |
| Forex News (Top-Tier Sources) | Yes | No | |
| Autochartist | No | No | |
| Trading Central (Recognia) | Yes | No | |
| TipRanks | No | ||
| Social Sentiment - Currency Pairs | Yes | Yes | |
| Economic Calendar | Yes | Yes |
| Education | XM Group | 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) | No | No |
| Major Forex Pairs | XM Group | 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 | XM Group Review |
| Overall | XM Group | GBE brokers | |
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| Trust Score | 93 | 71 | |
| Winner | check_circle | ||
| Review | XM Group Review |
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