What Account Types and Fees Does GBE Offer?
| Account Type |
Target User Group |
Essential Characteristics |
Applicability Notes |
| Classic Account |
Beginners and retail traders |
Minimum deposit of €1,000, competitive spreads from 0.8 pips |
Suitable for small-capital practice |
| Plus Account |
Experienced traders |
Minimum deposit of €10,000, tighter spreads and lower commission |
Requires higher trading volume |
| VIP Account |
High-net-worth individuals and institutional clients |
Minimum deposit of €100,000, premium services and expert support |
Eligibility requires substantial capital |
| Islamic Account |
Traders seeking swap-free options |
Compliant with Sharia law, available for all account types |
Documentation may be required for verification |
| Demo Account |
New traders and those testing strategies |
Virtual funds for practice trading, no risk involved |
Available for all users |
Account Opening Process
To open an account with GBE, follow these steps: submit your personal information, employment details, and financial background. You will also need to provide identity verification documents, such as a government-issued ID and proof of address. Once your application is submitted, the verification process typically takes a short time. GBE offers flexibility in account management, allowing users to upgrade to a professional account later if they meet the necessary criteria.
Trading Fees
| Product |
Spread (pips) |
Commission |
Notes |
| Forex (EUR/USD) |
0.8 |
$0 (ECN: $3.5/lot) |
Tight spreads for major pairs |
| Forex (GBP/USD) |
1.0 |
$0 (ECN: $3.5/lot) |
Competitive pricing for minors |
| CFDs (DAX) |
1.0 |
$0 |
No commission charged |
| CFDs (Stocks) |
0.1% |
$0 |
Varies by stock |
| Cryptos (BTC/USD) |
1.0% |
0.1% |
Variable depending on market conditions |
Other Fees
In addition to trading fees, GBE imposes certain costs that traders should be aware of. There are no deposit fees, but withdrawal fees may apply depending on the method used; for instance, credit card withdrawals incur a 1.5% fee, while bank wire transfers are generally free. An inactivity fee of €10 per month is charged if there is no trading activity for over 12 months. Additionally, overnight interest (swap rates) may apply on positions held overnight, and currency conversion fees can occur for accounts in different currencies.
