GMG Markets vs LBX Comparison: Which Is Better for Traders?
We test brokers on real accounts using our own methodology, evaluating the quality of order execution, trading conditions, platforms and customer support.
Who is better - GMG Markets or LBX?
Our pick: LBX
Based on multiple factors - spreads and fees, available assets and instruments, execution quality, platform usability, support level, and educational resources - LBX looks preferable to GMG Markets.
LBX scored 4.1/5 and ranks 42 in our all Forex brokers list, whereas GMG Markets has 4/5 and ranks 51.
This is not financial advice. See the full comparison below.
Who is GMG Markets suitable for?
GMG Markets suits active Forex traders and scalpers who value FCA regulation, MT5, and low spreads; however, it may feel restrictive for investors and stock enthusiasts.
Who is LBX suitable for?
LBX is suitable for experienced traders and scalpers focused on Forex and cryptocurrencies, high leverage, MT4/MT5, and fast payments.
Comparison Table of GMG Markets and LBX
| Broker | GMG Markets | LBX |
|---|---|---|
| Rating | 4/5 | 4.1/5 |
| Foundation Year | 2015 | 2025 |
| Regulated in Countries | United Kingdom | Mauritius |
| Minimum Deposit |
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| Spread | from 0 points | from 0.2 points |
| Max Leverage | 1:30 | 1:1000 |
| Trading Assets (CFDs) |
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| Trading Platforms |
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| Review | GMG Markets Review | LBX Review |
GMG Markets Review
GMG Markets is a niche broker primarily designed for active FX traders, scalpers, and algorithmic traders who only need two well-optimized accounts. The MT5 platform provides a comprehensive toolkit for both manual and automated trading, Autochartist supplements basic technical analysis, and 24/5 support responds swiftly and effectively.
This broker is ideal for those who appreciate transparent fees, swift fund withdrawals, and FCA regulation but do not require an extensive product lineup or copy trading services. Novice traders can test the live markets and undergo basic training via webinars, whereas professionals can access leverage up to 1:200 under Pro status. Investors, diversification enthusiasts, or those needing a multitude of platforms and services might be better served by more versatile providers.
Pros and Cons of GMG Markets
Pros
- Robust regulation — FCA license, segregated accounts, FSCS protection.
- Transparent fee structure — Standard account with zero commission, Raw account with zero spreads and fixed fee.
- MT5 + Autochartist — comprehensive desktop, web, and mobile platforms, algorithm support, integrated chart pattern scanner.
- VPS hosting — complimentary with required monthly turnover.
- 24/5 tech support — chat, phone, and e-mail typically respond within minutes.
Cons
- Limited instrument selection — only Forex, a few indices, and commodities.
- Single platform offering — no MT4, cTrader, TradingView, or proprietary web terminal.
- No e-wallets or cryptocurrencies available for transactions.
- Investor services are lacking — no copy trading, PAMM, contests, or comprehensive fundamental analysis.
GMG Markets is in the top 10 of the following ratings:
LBX Review
LBX is a CFD broker with a clear focus on Forex and cryptocurrencies, offering a standard but practical set of trading solutions. The broker is primarily suitable for experienced and active traders who value high leverage, support for MetaTrader 4 and 5, fast payment operations, and a simple account structure. LBX may also be of interest to traders using algorithmic strategies and those who do not need educational materials and advanced analytics.
Pros and Cons of LBX
Pros
- Convenient conditions for Forex and crypto trading: about 140 CFD instruments with a focus on currencies and cryptocurrencies.
- Clear account lineup (Standard and Raw Spread), support for MT4 and MT5, algorithmic trading.
- Fast deposits and withdrawals, a wide choice of payment methods, often with no broker-side fees.
- Leverage up to 1:1000 and negative balance protection.
- 24/7 technical support with multiple contact channels and generally positive reviews.
Cons
- Offshore regulation (FSC Mauritius), with no Tier-1 regulator licenses.
- No stocks or investment products; the market selection is narrower than with universal brokers.
- Almost no educational materials—only an FAQ.
Reliability
| Broker | GMG Markets | LBX |
|---|---|---|
| Reliability | 5/5 | 3.5/5 |
| Foundation Year | 2015 | 2025 |
| Regulated in Countries | United Kingdom | Mauritius |
| Regulators |
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GMG Markets
Since 2016 under FCA oversight, GMG Markets holds client funds in segregated accounts and qualifies for FSCS protection.
Pros
- FCA License — Tier-1 regulator
- Funds segregation + FSCS compensation up to £85,000
- STP/NDD model without dealer intervention
Cons
- Single jurisdiction (FCA), no additional licenses
LBX
LBX is an offshore CFD broker from the Libertex Group, operating via MAEX Limited under the supervision of the FSC Mauritius. There is regulation, but it is not Tier-1; the level of protection is basic, without “premium” oversight.
Pros
- Active FSC Mauritius license
- Negative balance protection
Cons
- Offshore jurisdiction (not Tier-1)
- Short track record of the LBX brand
Account Opening
| Broker | GMG Markets | LBX |
|---|---|---|
| Account Opening | 5/5 | 5/5 |
| Minimum Deposit |
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GMG Markets
GMG Markets onboarding is quick and efficient: registration takes 5–7 minutes, with verification under 1 business day.
Pros
- Online registration in 5–7 minutes
- Document verification within 1 day
Cons
- Detailed KYC form
LBX
The account opening process at LBX is clear and fairly quick: registration takes a few minutes, and a demo account is available right away. The questionnaire and verification are standard, but relatively detailed.
Pros
- Fast online registration
- A demo account is available immediately
- Modern and user-friendly interface
Account Types
| Broker | GMG Markets | LBX |
|---|---|---|
| Account Types | 3.8/5 | 4/5 |
| Trading Accounts |
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| Minimum Deposit |
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| Spread | from 0 points | from 0.2 points |
| Max Leverage | 1:30 | 1:1000 |
| Trading Assets (CFDs) |
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| Trading Platforms |
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| Demo Account | ||
| Swap-free Account |
GMG Markets
Only two main accounts — Standard and Raw Spread — cater to basic requirements, but the absence of cent or fixed-spread accounts, copy trading, PAMM, and contest services limits variety.
Pros
- Commission-free Standard, and zero-spread Raw account
- Islamic account and spread-betting options for niche segments
- Complimentary VPS with required turnover
Cons
- No cent/fixed-spread account
- Lack of copy trading, PAMM, contests
LBX
LBX’s account lineup is basic but practical: there are options for beginners and active traders, a demo account, and copy trading. It’s enough for most needs, but without advanced formats.
Pros
- Standard and Raw Spread for different trading styles
- Demo account without verification
- Copy trading support
Cons
- Small selection of account types
- No investment or special accounts
Commissions
| Broker | GMG Markets | LBX |
|---|---|---|
| Commissions | 4/5 | 4/5 |
| Spread | from 0 points | from 0.2 points |
| Average Spread (EURUSD) | 1.2 | 1.6 |
| Commission per Lot | $3.5 | $3 |
GMG Markets
GMG Markets offers a transparent fee structure: one account includes all charges within the spread, while another charges a small fee with a minimal spread. Deposits and withdrawals are free, no inactivity fee is applied, though swaps are slightly above average.
Pros
- No inactivity fees
- Free deposits and withdrawals
Cons
- Swaps are above average
LBX
LBX’s fees are around the market average. There are no significant pricing advantages.
Pros
- Average market spreads and swaps
- No in-house deposit/withdrawal fees
Cons
- Inactivity fee after 90 days
Deposit and Withdrawal
| Broker | GMG Markets | LBX |
|---|---|---|
| Rating | 4/5 | 5/5 |
| Account Funding Methods |
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GMG Markets
Card and bank transfers are swift and fee-free, but the absence of e-wallets and cryptocurrencies limits options.
Pros
- Commission-free transactions
- Instant card funding
Cons
- No e-wallets
- No cryptocurrencies
LBX
LBX offers a convenient and fast payment infrastructure: a wide range of methods, frequent instant transactions, and transparent fees.
Pros
- Wide choice of payment methods
- Often instant deposits and withdrawals
- In most cases, 0% fees
Cons
- Fees for certain local methods
Markets and Products
| Broker | GMG Markets | LBX |
|---|---|---|
| Markets and Products | 2.5/5 | 4/5 |
| Forex | 64 | 64 |
| Precious Metals | 13 | 5 |
| Energy Carriers | 3 | 3 |
| Indices | 17 | 15 |
| Soft Commodities | - | 9 |
| Cryptocurrency | - | 44 |
GMG Markets
The instrument range is limited: primarily currency pairs, indices, and commodities; with no stocks, cryptocurrencies, or a broad commodity selection, diversification falls short compared to competitors.
Pros
- 64 currency pairs
- Major indices and metals
Cons
- No CFDs on stocks
- No cryptocurrencies
- Limited commodity selection
LBX
LBX offers about 140 CFD instruments with a focus on Forex and cryptocurrencies. For FX strategies, the selection is sufficient, but the range is narrower than with universal brokers.
Pros
- Strong selection of currency pairs
- Wide range of cryptocurrencies
- Includes indices, metals, and soft commodities
Cons
- No stocks
- Limited number of markets
Trading Platforms
| Broker | GMG Markets | LBX |
|---|---|---|
| Rating | 3.5/5 | 4.5/5 |
| Trading Platforms |
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GMG Markets
The sole available platform, MT5, offers rich functionality, but the lack of alternatives reduces flexibility.
Pros
- Fully featured MT5
- Desktop, web, and mobile applications
Cons
- No MT4, cTrader, TradingView
- Essentially a single platform option
LBX
LBX offers MT4 and MT5—reliable and functional platforms suitable for most strategies, including algo trading. The choice is sufficient, but without alternative solutions.
Pros
- Support for MetaTrader 4 and 5
- Desktop, web, and mobile versions
Cons
- No proprietary platform
- No alternatives (cTrader, TradingView)
Analytics
| Broker | GMG Markets | LBX |
|---|---|---|
| Rating | 3/5 | 3.5/5 |
GMG Markets
Autochartist and a daily news feed provide basic analysis, but the lack of proprietary research and in-depth fundamental analysis diminishes overall utility.
Pros
- Complimentary Autochartist
- Market news
Cons
- No proprietary research
- Weak fundamental analysis
LBX
LBX’s analytics are basic: there are key calendars to track events and trading hours, but without in-depth expertise or signals. Suitable for general orientation, not for deep analysis.
Pros
- Economic calendar
- Market holidays calendar
Cons
- No expert analysis
- No trading signals
- Limited toolset
Education
| Broker | GMG Markets | LBX |
|---|---|---|
| Rating | 4/5 | 2/5 |
GMG Markets
The foundational materials (webinars, articles, videos) are sufficient for beginners, but for in-depth learning and advanced coursework, external resources may be needed.
Pros
- Regular free webinars
- Novice-oriented article base
- Recordings available 24/7
Cons
- No advanced courses
- No podcasts or multilingual programs
LBX
Educational materials at LBX are virtually absent: there is only an FAQ section with reference information. For beginners and skill development, this is not enough.
Pros
- Answers to basic questions
Cons
- No courses or lessons
- No videos or webinars
- No educational analysis
Customer Support
| Broker | GMG Markets | LBX |
|---|---|---|
| Rating | 4.5/5 | 5/5 |
| Email Support |
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| Hotline Phones |
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| Social Media |
Facebook
LinkedIn
Twitter
Instagram
TikTokGMG Markets
The broker provides 24/5 support via chat, phone, and e-mail, with responses typically within minutes.
Pros
- Online chat and phone support 24/5
- Rapid response
- Competent representatives
Cons
- No weekend support
- Delays during peak demand
LBX
LBX customer support works steadily and efficiently: various contact channels are available, 24/7 support, and quick responses. According to user reviews, issues are resolved properly and without delays.
Pros
- Online chat, email, and phone
- 24/7 support
- Positive customer reviews
Comparisons of GMG Markets and LBX with other brokers
Conclusion
LBX stands out as the better overall pick, while GMG Markets trails on aggregate criteria.
LBX scored 4.1/5 and ranks 42 in our rating; GMG Markets has 4/5 and ranks 51.
We explain the reasons above in detail — fees, platforms, reliability, support, and more.
FAQ
Which broker is better: GMG Markets or LBX?
LBX comes out ahead by overall rank (score 4.1/5, position 42) versus GMG Markets (score 4/5, position 51).
Which broker is better for beginners: GMG Markets or LBX?
LBX is often a smoother start thanks to simpler onboarding and stronger baseline metrics. Still, your tools and budget should drive the final choice.
Who has lower typical trading costs (spreads/commissions) — GMG Markets or LBX?
It depends on the instrument and account type. Compare the live conditions in the “Commissions” section on this page — we break down the nuances category by category.
What trading platforms are available with GMG Markets and LBX?
GMG Markets: MetaTrader 5. LBX: MetaTrader 4, MetaTrader 5. See the “Platforms” section for details and selection tips.
What markets can you trade with GMG Markets and LBX?
GMG Markets: Forex, Precious Metals, Energy Carriers, Indices. LBX: Forex, Precious Metals, Energy Carriers, Soft Commodities, Indices, Cryptocurrency. Full lists and differences are in the “Markets” section.
What account types are offered by GMG Markets and LBX?
GMG Markets: Standard, RAW Spread. LBX: Standard, Raw Spread. See “Account Types” for a side-by-side comparison.
What deposit and withdrawal methods are supported by GMG Markets and LBX?
GMG Markets: Bank Transfer, Visa, Mastercard. LBX: Skrill, Neteller, Visa, Mastercard, Online banking. Check method-specific fees/settlement times.
Which broker is safer — GMG Markets or LBX — and how was this assessed?
We consider regulation, corporate transparency, fund protection, and incident history. See the “Reliability” section for our findings.
