GBE brokers vs TopFX 2024

GBE brokers is not publicly traded, does not operate a bank, and is authorised by one tier-1 regulator (Highly Trusted), zero tier-2 regulators (Trusted), zero tier-3 regulator (Average Risk), and one tier-4 regulator (High Risk). GBE brokers is authorised by the following Tier-1 regulators: Regulated in the European Union via the MiFID passporting system.

TopFX is not publicly traded and does not operate a bank. TopFX is authorised by one Tier-1 regulator (Highly Trusted), zero Tier-2 regulators (Trusted), zero Tier-3 regulators (Average Risk), and one Tier-4 regulator (High Risk). TopFX is authorised by the following Tier-1 regulators: Regulated in the European Union via the MiFID passporting system.

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.

TopFX offers the MetaTrader and cTrader platform suites, and grants access to a medium range of CFD markets and forex pairs. However, TopFX struggles to compete with the best brokers in several categories, including market research and education.

To open a trading account with GBE brokers, you'll need to make an initial minimum deposit of $500.

TopFX requires a minimum deposit of Depends on payment method before you can open an account and start trading.

It's important to make sure that your forex broker accepts the funding options and deposit methods that work best for you. Both GBE brokers and TopFX offer Visa/Mastercard (Credit/Debit), Bank Wire (Deposit/Withdraw), PayPal (Deposit/Withdraw), Skrill (Deposit/Withdraw) and Neteller (Deposit/Withdraw).

Comparing the trading costs of forex and CFDs is not easy. Not every broker publishes average spread data, and pricing structures vary. Based on our thorough, data-driven testing of each broker's commissions and fees, we found that GBE brokers offers better pricing overall for traders.

Methodology: When testing each broker's commissions, fees, and pricing, we analyze multiple trade scenarios and award points based on the expansiveness (or inexpensiveness) of the broker's spreads. We then run multiple scenarios for different investor types, incorporating any miscellaneous fees, to determine an "all-in" cost per trade. Learn more about how we test.

At ForexBrokers.com, we track over 110 international regulatory agencies and sort them by tiers (Tier-1, Tier-2, Tier-3, Tier-4, and Tier-5) to help you choose well-regulated, highly trusted forex brokers. Learn more about our proprietary Trust Score rating system. Based on our research on the regulatory status of over 60 brokers, we've found that Both GBE brokers and TopFX hold 1 global Tier-1 licenses. Both GBE brokers and TopFX hold 0 global Tier-2 licenses.

After evaluating each broker based on their number of held licenses, years in business, and a range of other data-driven variables, we've determined that GBE brokers (71) earned a higher Trust Score than TopFX (67).

To compare the trading platforms of both GBE brokers and TopFX, we tested each broker's trading tools, research capabilities, and mobile apps. For trading tools, TopFX offers a better experience. With research, TopFX offers superior market research. Finally, we found TopFX to provide better mobile trading apps.

Here’s what trading platforms are available at GBE brokers:

• Proprietary Platform - No
• Web Platform - Yes
• cTrader - No
• DupliTrade - No
• MT4 - Yes
• MT5 - Yes
• ZuluTrade - No
• TradingView - No

Here’s what trading platforms are available at TopFX:

• Proprietary Platform - No
• Web Platform - Yes
• cTrader - Yes
• DupliTrade - No
• MT4 - Yes
• MT5 - No
• ZuluTrade - No
• TradingView - No

The MetaTrader trading platform suite is wildly popular among forex and CFD traders across the globe. Both GBE brokers and TopFX offer MetaTrader 4 (MT4). Forex traders also appreciate the ability to engage in social copy trading. GBE brokers and TopFX both offer copy trading.

GBE brokers provides traders 71 currency pairs (e.g., EUR/USD) compared to TopFX's 60 available pairs. If you are interested in trading CFDs, TopFX offers traders access to 655 CFDs, while GBE brokers offers access to 500 CFDs; so TopFX offers 155 more CFDs than GBE brokers.

We found in our testing that GBE brokers offers a more diverse selection of investment options than TopFX, allowing you to trade both brokers allow traders to trade Forex Trading (Spot or CFDs), U.S. Stocks (CFD), Cryptocurrency (Derivative) and Social Trading / Copy Trading. Neither have Int'l Stock Trading (Non CFD), Cryptocurrency (Physical) and Spread Betting.