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GBM vs XTB: fees, markets and protection

Facts for both companies from their official pages; each was checked on the date shown in its review.

Facts verified on October 18, 2026

Key differences

Only GBM lists Mexican Stock Exchange (BMV).
Only GBM is licensed by CNBV.
Only XTB is licensed by KNF, CNMV, ACPR, BaFin, CMVM, CySEC, FSC Belize, DFSA, and CMF (Chile).
Only GBM supports SPEI for deposits and withdrawals.
Only XTB supports Bank transfer for deposits and withdrawals.

Criterion	GBM	XTB
Rating	4.6/5 on other platforms 17.4K ratings	4.5/5 on other platforms 186K ratings
Regulators	CNBV	KNF, CNMV, ACPR, BaFin, CMVM, CySEC, FSC Belize, DFSA, CMF (Chile)
Minimum deposit	MX$100	No minimum
Markets	Mexican Stock Exchange (BMV), US exchanges (NYSE, Nasdaq)	US exchanges (NYSE, Nasdaq)
Products	stocks, ETFs, fractional shares, bonds, funds	stocks, ETFs, fractional shares
US stock or ETF order	0.25% of the order	€0 per order
Deposits and withdrawals	SPEI	Visa / Mastercard, Bank transfer, PayPal
Founded	1985	—
Headquarters	Mexico	—
Currency conversion fee	—	0.5%
Investor protection	—	Protection of uninvested funds
Available only in	—	Angola, Bermuda, Georgia, North Macedonia, Malaysia, Mauritania +40
	Read review	Read review

What is the minimum deposit at GBM and XTB?

GBM: MX$100. XTB: $0.

Which regulators license GBM and XTB?

GBM is licensed by CNBV; XTB by KNF, CNMV, ACPR, BaFin, CMVM, CySEC, FSC Belize, DFSA, and CMF (Chile).