FxPro vs GBE brokers 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 FxPro and GBE brokers? Our independent database powered by our unbiased research will help you compare FxPro vs GBE brokers 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 FxPro?
FxPro has a Trust Score of 90, giving it a "Highly Trusted" Trust Score Label.
Can I trust GBE brokers?
GBE brokers has a Trust Score of 71, giving it a "Average Risk" Trust Score Label.
Is FxPro a good broker?
FxPro is a trusted brand that delivers access to a wide range of trading platforms, including cTrader, the full MetaTrader platform suite (including MetaTrader 5), and its proprietary FxPro Edge and BnkPro apps. Algorithmic traders will appreciate FxPro's execution methods and pricing options. That said, spreads and overall costs at FxPro are higher than what you'd find with the best forex brokers in the industry.
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 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. FxPro holds regulatory licenses in the following Tier-1 jurisdictions: United Kingdom (U.K.) (FCA Authorised). GBE brokers, on the other hand, is licensed in these Tier-1 regulatory jurisdictions: 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, FxPro is Cyprus (CySEC Authorised) and South Africa (FSCA Authorised), while GBE brokers is Cyprus (CySEC 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 FxPro is Bahamas (SCB Authorised), while GBE brokers is British Virgin Islands (FSC Authorised).. Neither have Belize (FSC Authorised), Bermuda (BMA Authorised), Cayman Islands (CIMA Authorised), Mauritius (FSC Authorised) and Vanuatu (VFSC 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 FxPro offers a Proprietary Platform, Desktop Platform (Windows) and cTrader, whereas GBE brokers supports a Desktop Platform (Windows). Neither have DupliTrade and ZuluTrade
Does FxPro offer MetaTrader? Does GBE brokers offer MetaTrader?
Both FxPro 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 FxPro and GBE brokers differ in terms of minimum deposit? What about average spreads and funding options?
FxPro requires a minimum deposit of $100, while GBE brokers requires a minimum deposit of $500. You'll also want to make sure that your broker accepts the funding options and deposit methods that work best for you. In our testing, we've found that both FxPro and GBE brokers offer Bank Wire (Deposit/Withdraw), Visa/Mastercard (Credit/Debit), PayPal (Deposit/Withdraw) and Skrill (Deposit/Withdraw) for deposits
Which broker offers more tradeable asset classes, FxPro or GBE brokers?
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 FxPro delivers a more diverse selection of investment options than GBE brokers, offering tradeable asset classes and investment types such as Forex Trading (Spot or CFDs), Spread Betting, Social Trading / Copy Trading, Metals, Energies, Agriculturals and U.S. Stocks (CFD). Neither have ETF.
We also keep track of each broker’s total number of tradeable symbols; FxPro offers 2249, and GBE brokers offers a total of 500 tradeable symbols.
Can I trade cryptocurrency with FxPro or GBE brokers?
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 FxPro nor GBE brokers allow you to trade physical cryptocurrencies.
Who offers more research tools, FxPro or GBE brokers?
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. FxPro delivers the following research tools: Daily Market Commentary, Stock Charts, Forex News (Top-Tier Sources), Trading Central (Recognia) and Social Trading / Copy Trading. GBE brokers, on the other hand, provides the tools listed here: Daily Market Commentary, Stock Charts and Social Trading / Copy Trading. Neither have Autochartist
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Overall winner: FxPro
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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.