Exness vs GBE brokers Comparison
Comparing forex brokers side by side is no easy task. For our 2023 annual forex broker review, we spent hundreds of hours assessing 39 forex and CFD brokerages to find the best forex broker. Let's compare Exness vs GBE brokers.
Can I trust Exness?
Exness has a trust score of 68, giving it a "High Risk" trust label. Here's what each trust score label means:
- "Highly Trusted" (90-99) - These brokers are considered the most trustworthy firms in the industry. Simply put, we would not hesitate to open and fund an account with a Highly Trusted broker.
- "Trusted" (80-89) - These brokers are reliable and trustworthy. "Trusted" firms are a solid choice, and may simply hold fewer regulatory licences or feature different corporate structures than those brokers that have earned our top Trust Score rating.
- "Average Risk" (70-79) - Average Risk brokers are firms we generally consider to be safe, but that may warrant a closer inspection before you open and fund a live trading account. At the least, we always encourage traders to check the regulatory licenses for Average Risk firms to verify that they are regulated in their own country of residence.
- "High Risk" (60-69) - High-risk firms should be scrutinized and carefully reviewed before opening an account. These forex brokers are – in most cases – operating without credible regulatory licensing, and likely have a history of legal or financial issues. Before considering an account with a high-risk firm, we recommend checking our country guides for your country of residence to see if a more trusted broker is available.
- "Do Not Trust" (<59) - We do not recommend opening an account of any kind with a broker that earns a “Do Not Trust” rating.
Can I trust GBE brokers?
GBE brokers has a trust score of 71, giving it a "Average Risk" trust label.
Is Exness a good broker?
Founded in 2008, Exness is a MetaTrader broker that offers both MT4 and MT5 platforms, alongside its proprietary client portal Terminal and the Exness Social Trading app for social copy trading. Exness also offers competitive spreads on its commission-based and Pro accounts. That said, the broker's lack of significant regulatory licenses weighs down its Trust Score, and its research and educational offerings trail behind the best brokers.
Is GBE brokers a good broker?
Founded in 2013 and based in Cyprus, GBE Brokers offers the full MetaTrader suite (both MT4 and MT5) as well as a decent range of markets (500 available symbols). That said, GBE's lack of significant regulatory licenses (outside of Cyprus) brings down its overall Trust Score rating.
What Tier-1 jurisdictions is each broker regulated in?
Tier-1 regulators go above and beyond by requiring additional capital requirements, checking in on brokers more frequently, and putting brokers through a tougher screening process. Exness is United Kingdom (U.K.) (FCA Authorised), while GBE brokers is none.. Neither have Australia (ASIC Authorised), Canada (CIRO Authorised), Hong Kong (SFC Authorised), CBI Authorised (Ireland), Japan (SFC Authorised), Singapore (MAS Authorised), New Zealand (FMA Authorised), Switzerland (FINMA Authorised) and USA (CFTC Authorized)
What Tier-2 jurisdictions is each broker regulated in? What about Tier-3?
Tier-2 and tier-3 licenses are still important in evaluating the overall trustworthiness of forex brokers. As far as tier-2 licenses go, both Exness and GBE brokers are Cyprus (CySEC Authorised).. Neither have China (CBRC Authorised), India (SEBI Authorised), Israel (ISA Authorised), Russia (CBR Authorised), South Africa (FSCA Authorised), Thailand (SEC Authorised) and UAE (DFSA/Central Bank Authorised). When comparing tier-3 licenses Exness is none, while GBE brokers is British Virgin Islands (FSC Authorised).. Neither have Bahamas (SCB Authorised), Belize (FSC Authorised), Bermuda (BMA Authorised), Cayman Islands (CIMA Authorised), Mauritius (FSC Authorised) and Vanuatu (VFSC Authorised).
Which broker offers more trading platforms?
Both Exness and GBE brokers offer a Desktop Platform (Windows).. Neither have Proprietary Platform, cTrader, DupliTrade and ZuluTrade
Does Exness offer MetaTrader? Does GBE brokers offer MetaTrader?
Both Exness and GBE brokers offer the whole MetaTrader suite, which consists of both MetaTrader 4 and MetaTrader 5. If you’re new to MetaTrader 4 here’s our educational guide on how to use MT4.
How do Exness and GBE brokers differ in terms of minimum deposit? What about average spreads and funding options?
Exness requires a minimum deposit of $1, while GBE brokers requires a minimum deposit of $500. From our testing we found Exness offers spreads of 0.9 , while GBE brokers offers spreads of N/A. Exness supports Bank Wire (Deposit/Withdraw), Visa/Mastercard (Credit/Debit) and Skrill (Deposit/Withdraw) for popular funding options, where GBE brokers supports Bank Wire (Deposit/Withdraw), Visa/Mastercard (Credit/Debit), PayPal (Deposit/Withdraw) and Skrill (Deposit/Withdraw).
Which broker offers more tradeable asset classes, Exness or GBE brokers?
Exness offers a more diverse selection of investment options than GBE brokers allowing you to trade Forex Trading (Spot or CFDs), Metals, Energies and U.S. Stocks (CFD).. Neither have Spread Betting and ETF Looking at total tradeable symbols, Exness has 112, compared to 500 from GBE brokers.
Can I trade cryptocurrency with Exness or GBE brokers?
Crypto trading is popular with forex traders. Most crypto assets are offered either as the underlying physical asset or as a CFD or other derivative — including spot forex contracts. In terms of trading physical cryptocurrency neither Exness nor GBE brokers allow you to trade physical cryptocurrencies.
Who offers more research tools, Exness or GBE brokers?
In terms of research and research tools Exness gives traders the following tools: Forex News (Top-Tier Sources) and Trading Central (Recognia). In comparison GBE brokers has the tools listed here: Daily Market Commentary, Stock Charts and Social Trading / Copy Trading.. Neither have Autochartist
Overall winner: Exness
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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.