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GBE brokers vs FXGT.com 2024

BrokerNotes.co

Written by BrokerNotes.co

August 24, 2023

Trying to decide between GBE brokers and FXGT.com? We’ve taken the guesswork out of the equation with our Comparison Tool. Use our tool to compare hundreds of data points, side-by-side, to see how these two brokers stack up against each other.

Based on our extensive research, hands-on testing, and expert analysis of over a hundred data-driven variables, we've determined that, overall, GBE brokers ranks more highly than FXGT.com.

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Compare

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Overall Rating GBE brokers FXGT.com
Overall Rating star 6.8 /10 star 6.6 /10
Offering of Investments star 7.0 /10 star 6.0 /10
Commissions & Fees star 7.5 /10 star 7.0 /10
Platform & Tools star 7.5 /10 star 7.0 /10
Research star 5.5 /10 star 6.0 /10
Mobile Trading star 7.5 /10 star 7.0 /10
Education star 5.5 /10 star 5.5 /10
Account Type GBE brokers FXGT.com
Standard Trade Size (100,000 units) info Yes Yes
Mini Trade Size (10,000 units) info Yes Yes
Micro Trade Size (1,000 units) info Yes Yes
Islamic Account info No No
Deposit/Withdrawal Options GBE brokers FXGT.com
Minimum Deposit info $500 $5
Bank Wire (Deposit/Withdraw) info Yes Yes
Visa/Mastercard (Credit/Debit) info Yes Yes
PayPal (Deposit/Withdraw) info Yes No
ACH or SEPA Transfers info Yes Yes
Copy Trading GBE brokers FXGT.com
Social Trading / Copy Trading info Yes Yes
DupliTrade info No No
ZuluTrade info No No
Cryptocurrency GBE brokers FXGT.com
Cryptocurrency (Physical) info No No
Cryptocurrency (Derivative) info Yes Yes
Bitcoin info Yes Yes
Ethereum info Yes Yes
Forex Trading (Spot or CFDs) GBE brokers FXGT.com
Forex Trading (Spot or CFDs) info Yes Yes
Mobile Trading - Forex or CFDs info Yes Yes
Indices (Index CFDs) GBE brokers FXGT.com
DAX info Yes No
Dow Jones info Yes No
FTSE info Yes Yes
NASDAQ 100 info Yes Yes
Nikkei info Yes No
SP 500 info Yes Yes
Investments GBE brokers FXGT.com
Forex Trading (Spot or CFDs) info Yes Yes
Spread Betting info No No
Social Trading / Copy Trading info Yes Yes
Metals info Yes Yes
Energies info Yes Yes
Agriculturals info Yes No
ETF info No No
U.S. Stocks (CFD) info Yes Yes
Trading Platforms GBE brokers FXGT.com
Apple iOS App info Yes Yes
Android App info Yes Yes
Proprietary Platform info No No
Desktop Platform (Windows) info Yes Yes
Web Platform info Yes Yes
MetaTrader 4 (MT4) info Yes Yes
MetaTrader 5 (MT5) info Yes Yes
Regulatory Licenses GBE brokers FXGT.com
Tier-1 Licenses info 1 1
Australia (ASIC Authorised) info No No
Canada (CIRO Authorised) info No No
Hong Kong (SFC Authorised) info No No
Japan (SFC Authorised) info No No
Singapore (MAS Authorised) info No No
Switzerland (FINMA Authorised) info No No
United Kingdom (U.K.) (FCA Authorised) info No No
USA (CFTC Authorized) info No No
New Zealand (FMA Authorised) info No No
Regulated in one or more EU or EEA countries (MiFID). info Yes info Yes info
Tier-2 Licenses info 0 1
Tier-3 Licenses info 0 0
Research, Education GBE brokers FXGT.com
Trading Central (Recognia) info No No
Forex News (Top-Tier Sources) info No No
Daily Market Commentary info Yes No
Autochartist info No No
Investor Dictionary (Glossary) info No Yes
Videos - Beginner Trading Videos info No No
Client Webinars (Archived) info No No
Trading Costs GBE brokers FXGT.com
Minimum Deposit info $500 $5
Average Spread EUR/USD - Standard info N/A info N/A
All-in Cost EUR/USD - Active info N/A info N/A
Active Trader or VIP Discounts info No No
Trading Tools GBE brokers FXGT.com
Watchlists - Total Fields info 7 5
Mobile Watchlist info Yes Yes
Charting - Indicators / Studies (Total) info 30 37
Mobile Charting - Indicators / Studies info 30 30
Trust Factors GBE brokers FXGT.com
Year Founded info 2013 2019
Publicly Traded (Listed) info No No
Bank info No No
Regulated in one or more EU or EEA countries (MiFID). info Yes info Yes info
Trust Score info 71 69
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GBE brokers vs FXGT.com Comparison

Comparing forex brokers side by side is no easy task. Our research team has collected thousands of data points, written hundreds of thousands of words of research, and tested over 60 brokers to help you find the best forex brokers in the industry. Trying to decide between GBE brokers and FXGT.com? Our independent database powered by our unbiased research will help you compare GBE brokers vs FXGT.com side-by-side.

What is Trust Score?

Trust Score is a data-driven rating system that provides an at-a-glance rating of a broker’s overall trust by tracking 60+ brokers and over 100 regulatory jurisdictions across the globe. To make things clearer for everyday traders, we’ve created a five-tier system for regulators and Trust Score rating labels. Learn more about Trust Score, and check out our country guides to see the most trusted brokers in your country of residence.

Can I trust GBE brokers?

GBE brokers has a Trust Score of 71, giving it a "Average Risk" Trust Score Label.

Can I trust FXGT.com?

FXGT.com has a Trust Score of 69, giving it a "High Risk" Trust Score Label.

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.

Is FXGT.com a good broker?

FXGT.com offers multiple account types and plugins for MetaTrader (depending on the trading tool plan subscription plans you choose) but falls short compared to the best brokers for MT4 and MT5. Beyond rudimentary sentiment and market data, FXGT’s research is limited. Education at FXGT.com consists of a few ebooks and a scattering of content, and its YouTube Channel has been offline as of the time of our review in November 2023.

What Tier-1 jurisdictions is each broker regulated in?

Tier-1 is reserved for the strictest, most stringent regulatory jurisdictions in the world. Tier-1 regulators impose additional capital requirements and require a tougher initial screening process. unfortunately, neither GBE brokers nor FXGT.com are 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), United Kingdom (U.K.) (FCA Authorised) and USA (CFTC Authorized).. Neither have 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, GBE brokers is Cyprus (CySEC Authorised), while FXGT.com is Cyprus (CySEC Authorised) and South Africa (FSCA Authorised).. Neither have China (CBRC Authorised), India (SEBI Authorised), Israel (ISA Authorised), Russia (CBR Authorised), Thailand (SEC Authorised) and UAE (DFSA/Central Bank Authorised). When comparing tier-3 licenses GBE brokers is British Virgin Islands (FSC Authorised), while FXGT.com is Vanuatu (VFSC Authorised).. Neither have Bahamas (SCB Authorised), Belize (FSC Authorised), Bermuda (BMA Authorised), Cayman Islands (CIMA Authorised) and Mauritius (FSC Authorised).

Which broker offers more trading platforms?

Whether your broker develops its own proprietary platforms or provides access to popular third-party platforms, you should make sure you can use your preferred type of trading platform. In our testing, we found that both GBE brokers and FXGT.com offer a Desktop Platform (Windows). Neither have Proprietary Platform, cTrader, DupliTrade and ZuluTrade

Does GBE brokers offer MetaTrader? Does FXGT.com offer MetaTrader?

Both GBE brokers and FXGT.com 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 GBE brokers and FXGT.com differ in terms of minimum deposit? What about average spreads and funding options?

GBE brokers requires a minimum deposit of $500, while FXGT.com requires a minimum deposit of $5. It's also important to ensure your broker accepts the funding options and deposit methods that work best for you. In our research, we've found that GBE brokers supports Bank Wire (Deposit/Withdraw), Visa/Mastercard (Credit/Debit), PayPal (Deposit/Withdraw) and Skrill (Deposit/Withdraw) for funding and deposit methods, whereas FXGT.com supports Bank Wire (Deposit/Withdraw) and Visa/Mastercard (Credit/Debit)

Which broker offers more tradeable asset classes, GBE brokers or FXGT.com?

When choosing a forex broker, it’s important to consider each broker’s available investment products and tradeable asset classes. We’ve researched each broker’s individual offering of investments to help you pick the right broker for what you want to trade. During our testing, we found that GBE brokers delivers a more diverse selection of investment options than FXGT.com, offering tradeable asset classes and investment types such as Forex Trading (Spot or CFDs), Social Trading / Copy Trading, Metals, Energies, Agriculturals and U.S. Stocks (CFD). Neither have Spread Betting and ETF.

We also keep track of each broker’s total number of tradeable symbols; GBE brokers offers 500, and FXGT.com offers a total of 117 tradeable symbols.

Can I trade cryptocurrency with GBE brokers or FXGT.com?

Crypto trading has become popular among forex traders across a range of international jurisdictions. As a result, many forex brokers now offer crypto products to their clients; most crypto assets are offered either as an underlying physical asset (such as when you own actual bitcoin assets, for example) or as a derivative product like a CFD. If you are looking to trade physical cryptocurrencies, you’ll find that neither GBE brokers nor FXGT.com allow you to trade physical cryptocurrencies.

Who offers more research tools, GBE brokers or FXGT.com?

Market research plays a huge role in any forex trader’s ability to conduct analysis within the global forex market. We test each broker’s research offering to help you decide which broker is right for your technical or fundamental analysis needs. GBE brokers delivers the following research tools: Daily Market Commentary, Stock Charts and Social Trading / Copy Trading. FXGT.com, on the other hand, provides the tools listed here: Stock Charts and Social Trading / Copy Trading. Neither have Autochartist, Forex News (Top-Tier Sources) and Trading Central (Recognia)

Broker Reviews

Still looking for more information, read our broker reviews.

GBE Brokers Review

FXGT Review

Overall winner: GBE brokers

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announcementPlease 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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