Gulf Brokers is a Forex and CFD Broker that features on its trading platform currency pairs as well as CFDs on shares, indices and commodities. Gulf Brokers is an off-shore company which is regulated as a Securities Dealer by the Seychelles Financial Services Authority of Seychelles The typical spread is for EUR/USD 3.0 pips*, real trading is possible with a minimum deposit of $500. The Gulf Brokers website is available in English, Spanish, Arabic, Chinese, Indonesian, Malay, Thai, Vietnamese, Portugese, Filipino and Russian.
What do we cover in our Gulf Brokers Review?
|General Risk Warning: 74–89% of retail investor accounts lose money when trading CFDs. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.|
Basic information about the broker
- Website address: www.GulfBrokers.com
- Leverage: up to 1:500
- Instruments: Forex, CFDs – Shares, indices, commodities
- Minimum deposit: $500
- Demo account: Yes
- Methods of deposit and withdrawal: N/A not disclosed on the website
Gulf Brokers Trading Platform
For FX and CFD trading, Gulf Brokers offers MT5. A popular platform used not only for executing trades but also for analyzing financial markets and automated trading. MT5 can be downloaded to any computer or can be accessed via just a web browser or a mobile application.
Gulf Brokers fees (Spreads)
As any other CFD broker, Gulf Brokers charges a spread fee. For the most current spread charges, please visit the GulfBrokers.com website. Here is a spread comparison table that contrasts Gulf Brokers spreads with popular industry competitors.
*Typical spreads recorded on 20.10.2019 at 16:40 GMT. Information about spread was taken from the website of the broker. **Spreads recorded on 26.09.2019 at 11:26 GMT from the trading platform of the broker.
Advantages and disadvantages
Every Broker has its pros and cons, let’s have a look at the ones that elevate & denounce Gulf Brokers.
Gulf Brokers Pros
- High leverage
- Modern design of the broker’s website
Gulf Brokers Cons
- Not regulated in the EU nor Australia (no real investor protection)
- High fees (spreads)
- High minimum deposit
To sum up the Gulf Brokers Review
Gulf Brokers is not regulated by aby financial regulator in the EU nor Australia, which means it does not provide any investor protection. As a company that is not regulated in these jurisdictions, it can offer high leverage. The broker charges very big spreads in comparison to other popular FX brokers.
Your review can make a difference to other traders, please leave a comment if you have any personal experience with Gulf Brokers.
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