Written by ForexBrokers.com
In this head to head comparison of GBE brokers vs Xtrade, 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 Xtrade are both established online brokers, with GBE brokers founded in 2013 and Xtrade in 2003. Neither company is publicly traded or operates as a bank. When considering their regulatory information, both brokers have one Tier-1 license, which denotes a high level of trust according to ForexBrokers.com. However, while Xtrade also holds a Tier-2 license, GBE brokers does not, highlighting a slight advantage for Xtrade in terms of regulatory trustworthiness.
In terms of overall trust rating, GBE brokers scores a 71 out of 99 on ForexBrokers.com's Trust Score, which places it in the average risk category. Xtrade scores slightly higher with a 74, still within the average risk range but nearing the trusted category. These scores suggest that while both brokers maintain a sufficient level of trust, Xtrade may offer a marginally more reassuring option for those concerned with regulatory trust when selecting an online broker.
| Feature |
GBE brokers
|
Xtrade
|
|---|---|---|
| Year Founded | 2013 | 2003 |
| Publicly Traded (Listed) | No | No |
| Bank | No | No |
| Tier-1 Licenses | 1 | 1 |
| Tier-2 Licenses | 0 | 1 |
| Tier-3 Licenses | 0 | 0 |
| Tier-4 Licenses | 1 | 1 |
When comparing GBE brokers and Xtrade in terms of commissions and fees, GBE brokers emerges ahead with a 4-star rating, while Xtrade lags behind with a 2.5-star rating. GBE brokers is recognized for its more favorable position in the ranking, coming in at 37th out of 63 brokers according to ForexBrokers.com, indicating a relatively competitive fee structure. However, specific average spread data for GBE brokers is not publicly available, which may be a consideration for potential investors.
In contrast, Xtrade ranks last at 63rd out of 63 brokers in the same category, as per ForexBrokers.com’s assessment. This suggests less competitive pricing, potentially resulting in higher costs for trading. Like GBE brokers, Xtrade does not provide average spread data, making it difficult for traders to evaluate the precise cost implications without personal trade experience or further research.
Ultimately, if commissions and fees are a key consideration for you, GBE brokers may be the better choice due to its higher rating and better ranking. However, without average spread data from either broker, traders should meticulously review the full fee structure, perhaps by consulting user reviews or gaining firsthand experience through a demo account.
| Feature |
GBE brokers
|
Xtrade
|
|---|---|---|
| Minimum Deposit | $500 | $250 |
| Average Spread EUR/USD - Standard | N/A | N/A |
| All-in Cost EUR/USD - Active | N/A | N/A |
| Active Trader or VIP Discounts | No | No |
| ACH or SEPA Transfers | Yes | No |
| PayPal (Deposit/Withdraw) | Yes | No |
| 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 it comes to the variety of investments, both GBE Brokers and Xtrade provide an extensive range of options that cater to different trading preferences. GBE Brokers allows clients to engage in forex trading through either CFDs or spot contracts, offering access to an impressive 500 tradeable symbols, including 71 forex pairs. Similarly, Xtrade also supports forex trading through CFDs or spot contracts, featuring a slightly smaller selection of 482 tradeable symbols, which include 56 forex pairs. However, neither broker offers exchange-traded securities on U.S. or international exchanges or the ability to buy actual cryptocurrencies.
In addition to their forex offerings, both GBE Brokers and Xtrade provide opportunities for trading cryptocurrency derivatives instead of owning the actual digital assets. However, a key distinction between these two brokers is the availability of copy trading, which is offered by GBE Brokers but not by Xtrade. Despite these differences, both platforms share a similar rating for the range of investments, with each scoring 3.5 out of 5 stars. According to ForexBrokers.com, GBE Brokers is ranked slightly higher at 44th out of 63 brokers for their investment range, while Xtrade follows at 49th in the same category.
| Feature |
GBE brokers
|
Xtrade
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 500 | 482 |
| Forex Pairs (Total) | 71 | 56 |
| U.S. Stock Trading (Non CFD) | No | No |
| Int'l Stock Trading (Non CFD) | No | No |
| Social Trading / Copy Trading | Yes | No |
| 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 GBE Brokers and Xtrade, both offer a free virtual demo account, making them ideal for beginners and those wishing to hone their trading skills without financial risk. GBE Brokers doesn't have a proprietary platform, but it stands out by providing both MetaTrader 4 and MetaTrader 5, popular among traders for versatility and features. In contrast, Xtrade prides itself on its proprietary platform but does not support MT4 or MT5. GBE Brokers offers a Windows desktop platform, while Xtrade caters to those who prefer a web-based approach only.
GBE Brokers also allows users to engage in copy trading, a feature missing from Xtrade. When it comes to charting tools, Xtrade boasts an impressive 100 drawing tools compared to GBE Brokers' 15. Both platforms support trading directly from stock charts, offering convenience to traders. GBE Brokers provides seven fields for watchlists, while Xtrade offers nine. Ultimately, GBE Brokers scores slightly higher with a 4-star rating for its trading platforms and tools compared to Xtrade's 3.5 stars, ranking #57 and #58 respectively out of 63 brokers in ForexBrokers.com's evaluation.
| Feature |
GBE brokers
|
Xtrade
|
|---|---|---|
| Virtual Trading (Demo) | Yes | Yes |
| Proprietary Platform | No | Yes |
| Desktop Platform (Windows) | Yes | No |
| Web Platform | Yes | Yes |
| Social Trading / Copy Trading | Yes | No |
| MetaTrader 4 (MT4) | Yes | No |
| MetaTrader 5 (MT5) | Yes | No |
| DupliTrade | No | No |
| ZuluTrade | No | No |
| Charting - Indicators / Studies (Total) | 30 | N/A |
| Charting - Drawing Tools (Total) | 15 | 100 |
| Charting - Trade From Chart | Yes | Yes |
| Watchlists - Total Fields | 7 | 9 |
Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.
Both GBE Brokers and Xtrade provide mobile apps for iPhone and Android, catering to traders who prefer to manage their investments on the go. GBE Brokers shines with features like stock and forex price alerts, which Xtrade lacks. However, neither broker offers watchlist symbol syncing between the mobile app and online accounts. For those who prioritize technical analysis, GBE Brokers offers 30 technical studies and allows users to draw trendlines on charts, whereas Xtrade does not support these features.
GBE Brokers also stands out with its ability to offer multiple time frame views on charts, auto-save drawings, and provide real-time quotes in custom watchlists, all of which are missing from Xtrade's offering. Despite these differences, both platforms receive a solid four-star rating for their mobile trading apps. Interestingly, in the ForexBrokers.com rankings, Xtrade slightly edges out GBE Brokers, coming in at #53 compared to GBE Brokers' ranking of #57 among 63 brokers. This comparison highlights that while both apps have similar ratings, their features may suit different trading styles and preferences.
| Feature |
GBE brokers
|
Xtrade
|
|---|---|---|
| Android App | Yes | Yes |
| Apple iOS App | Yes | Yes |
| Mobile Alerts - Basic Fields | Yes | No |
| Watchlist Syncing | No | No |
| Mobile Charting - Indicators / Studies | 30 | N/A |
| Mobile Charting - Draw Trendlines | Yes | No |
| Mobile Charting - Multiple Time Frames | Yes | No |
| Mobile Charting - Drawings Autosave | Yes | No |
| Mobile Watchlist | Yes | No |
Dive deeper: Best Forex Trading Apps.
When comparing GBE Brokers to Xtrade for market research features, both brokers provide some fundamental insights but differ in key offerings. GBE Brokers delivers daily market commentary and equips traders with a sentiment-based trading tool that reveals the ratio of long or short positions across various instruments, supporting decision-making. In contrast, Xtrade not only offers daily market commentary but also provides forex news sourced from esteemed outlets like Bloomberg and Reuters, giving traders access to high-quality information. Both brokers offer an economic calendar to keep traders informed about global news events, though neither utilizes advanced research tools from Trading Central or Autochartist.
Despite the offerings, Xtrade edges out GBE Brokers with a higher research rating of 3.5 stars versus GBE's 3 stars. Additionally, in a ranking of 63 brokers by ForexBrokers.com, Xtrade is positioned at #52, a notable improvement over GBE Brokers, which sits at #62. The lack of specialized research tools for both brokers highlights a potential area for development. However, Xtrade's inclusion of top-tier forex news gives it a slight advantage for traders seeking comprehensive market analysis.
| Feature |
GBE brokers
|
Xtrade
|
|---|---|---|
| Daily Market Commentary | Yes | Yes |
| Forex News (Top-Tier Sources) | No | Yes |
| Autochartist | No | No |
| Trading Central (Recognia) | No | No |
| Social Sentiment - Currency Pairs | Yes | No |
| TipRanks | No | No |
| Signal Centre (Acuity Trading) | No | No |
| Economic Calendar | Yes | Yes |
Dive deeper: Best Brokers for Forex Research.
When comparing the educational resources available for beginners between GBE brokers and Xtrade, there are distinct differences to consider. GBE brokers do not offer a dedicated library of educational materials focused on forex or CFDs, lacking the minimum of 10 educational pieces such as articles or videos. Similarly, they do not host online educational webinars or possess an archive of such events for their clients to access. Additionally, GBE brokers do not provide beginner-specific or advanced educational videos, nor do they have an investor dictionary covering essential investing terms. As a result, they earn a three-star rating for education and are ranked last out of 63 brokers by ForexBrokers.com in this category.
In contrast, Xtrade provides a collection of over 10 educational materials dedicated to forex and CFDs, giving beginners a richer learning environment. However, like GBE brokers, they do not offer monthly educational webinars or an archive of recorded webinars. They also do not provide specific educational videos tailored to beginners or experienced traders. Despite these similarities, Xtrade distinguishes itself by offering an investor dictionary with definitions of more than 50 investing terms, contributing to their slightly higher education rating of 3.5 stars. Consequently, Xtrade is ranked at 46 out of 63 brokers by ForexBrokers.com in terms of educational offerings, indicating a moderate level of resources available for novice traders compared to GBE brokers.
| Feature |
GBE brokers
|
Xtrade
|
|---|---|---|
| Education (Forex or CFDs) | No | Yes |
| 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 | Yes |
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 Xtrade. GBE brokers finished with an overall rank of #57, while Xtrade finished with an overall rank of #60.
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
|
Xtrade
|
|---|---|---|
| Overall Rating |
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| Trust Score | 71 | 74 |
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Both GBE Brokers and Xtrade do not provide the option to purchase actual cryptocurrency (delivered), but both offer the ability to buy cryptocurrency derivatives.
GBE Brokers provides a wider range of deposit and withdrawal options, including ACH, SEPA, PayPal, Skrill, Visa/Mastercard, and bank wires, while Xtrade offers fewer options, excluding ACH, SEPA, and PayPal, but supports Skrill, Visa/Mastercard, and bank wires.
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 | Xtrade | |
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| Trust Score | 71 | 74 | |
| Winner | check_circle | ||
| Review | Xtrade Review |
| Broker Screenshots | GBE brokers | Xtrade | |
|---|---|---|---|
| Trading Platforms Gallery (click to expand) | |||
| Mobile Trading Gallery (click to expand) | |||
| Research Gallery (click to expand) | |||
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| Regulation | GBE brokers | Xtrade | |
|---|---|---|---|
| Trust Score | 71 | 74 | |
| Year Founded | 2013 | 2003 | |
| 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 | 1 | |
| Tier-3 Licenses | 0 | 0 | |
| Tier-4 Licenses | 1 | 1 |
| Tier-1 Licenses (Highly Trusted) | GBE brokers | Xtrade | |
|---|---|---|---|
| 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 | Xtrade | |
|---|---|---|---|
| Kenya (CMA Authorised) | No | No | |
| Israel (ISA Authorised) | No | No | |
| South Africa (FSCA Authorised) | No | Yes | |
| UAE (DFSA/Central Bank Authorised) | No | No | |
| India (SEBI Authorised) | No | No | |
| Jordan (JSC Authorised) | No | No |
| Investments | GBE brokers | Xtrade | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 500 | 482 | |
| Forex Pairs (Total) | 71 | 56 | |
| U.S. Stock Trading (Non CFD) | No | No | |
| Int'l Stock Trading (Non CFD) | No | No | |
| Social Trading / Copy Trading | Yes | No | |
| 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 | Xtrade | |
|---|---|---|---|
| Average Spread EUR/USD - Standard | N/A | 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 | GBE brokers | Xtrade | |
|---|---|---|---|
| Minimum Deposit | $500 | $250 | |
| PayPal (Deposit/Withdraw) | Yes | No | |
| 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 | Xtrade | |
|---|---|---|---|
| Proprietary Platform | No | Yes | |
| Desktop Platform (Windows) | Yes | No | |
| Web Platform | Yes | Yes | |
| Social Trading / Copy Trading | Yes | No | |
| MetaTrader 4 (MT4) | Yes | No | |
| MetaTrader 5 (MT5) | Yes | No | |
| cTrader | No | No | |
| DupliTrade | No | No | |
| ZuluTrade | No | No |
| Trading Tools | GBE brokers | Xtrade | |
|---|---|---|---|
| Virtual Trading (Demo) | Yes | Yes | |
| Alerts - Basic Fields | Yes | No | |
| Watchlists - Total Fields | 7 | 9 | |
| Charting - Indicators / Studies (Total) | 30 | N/A | |
| Charting - Drawing Tools (Total) | 15 | 100 | |
| Charting - Trade From Chart | Yes | Yes | |
| Charts can be saved | Yes | No |
| Mobile Trading | GBE brokers | Xtrade | |
|---|---|---|---|
| Android App | Yes | Yes | |
| Apple iOS App | Yes | Yes | |
| Mobile Alerts - Basic Fields | Yes | No | |
| Mobile Watchlist | Yes | No | |
| Watchlist Syncing | No | No | |
| Mobile Charting - Indicators / Studies | 30 | N/A | |
| Mobile Charting - Draw Trendlines | Yes | No | |
| Mobile Charting - Multiple Time Frames | Yes | No | |
| Mobile Charting - Drawings Autosave | Yes | No | |
| Mobile Economic Calendar | Yes | No |
| Research | GBE brokers | Xtrade | |
|---|---|---|---|
| Daily Market Commentary | Yes | Yes | |
| Forex News (Top-Tier Sources) | No | Yes | |
| Autochartist | No | No | |
| Trading Central (Recognia) | No | No | |
| TipRanks | No | No | |
| Social Sentiment - Currency Pairs | Yes | No | |
| Economic Calendar | Yes | Yes |
| Education | GBE brokers | Xtrade | |
|---|---|---|---|
| Education (Forex or CFDs) | No | Yes | |
| 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 | Yes |
| Major Forex Pairs | GBE brokers | Xtrade | |
|---|---|---|---|
| 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 | Xtrade Review |
| Overall | GBE brokers | Xtrade | |
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| Trust Score | 71 | 74 | |
| Winner | check_circle | ||
| Review | Xtrade Review |
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