Gulf Brokers Ltd Review

Gulf Brokers Ltd Video Review

Investor Protection & Regulations

“Gulf Brokers Ltd is a limited liability company regulated as a Securities Dealer by the Financial Services Authority of Seychelles (FSA).”

Gulf Brokers Ltd is a limited liability company regulated as a Securities Dealer by the Financial Services Authority of Seychelles (FSA), as shown on the regulator’s register below:

The broker’s Client Agreement states the company shall take every possible measure to safeguard funds against the use of client funds for its own account.

However, it does not mention client funds are segregated from their own and there is no mention of negative balance protection.

Tradable Products

“Gulf Brokers offers clients the ability to trade on over 800+ financial CFD instruments covering Forex, Shares, Indices and Commodities.”

Gulf Brokers offers clients the ability to trade on over 800+ financial CFD instruments covering Forex, Shares, Indices and Commodities. Below is a list of just some of the available markets for trading:

* Details regarding the available assets are taken from the Gulf Brokers website and are correct at the time of this review. You can find a more detailed list here.

Trading costs such as spreads and overnight funding (swap) rates vary depending on the account type opened and instrument being traded and are covered further down this review.

Account Opening

“Gulf Brokers offers a single trading account that provides access to 800+ markets covering Forex, Shares, Indices and Commodities. Demo and Islamic (swap-free) accounts are also available.”

Gulf Brokers offers a single trading account that provides access to 800+ markets covering Forex, Shares, Indices and Commodities. Demo and Islamic (swap-free) accounts are also available.

The main features of the Gulf Brokers Trading Account include:

• Access to multiple financial CFD instruments covering Forex, Shares, Indices and Commodities.
• Account leverage of up to 1:500.
• Spreads from 3 pips.
• 0.5% (min 20 USD) commission when trading shares.
• $0 fees on deposit & withdrawals.
• $100 minimum deposit.
• $100k free demo account.

Users can open a new account in just a few steps. After clicking the ‘Join’ button on the broker’s homepage, users will be guided through the following steps:

1. Register: Name, email and phone number.
2. Personal Information: Date of birth, place of birth, nationality and tax domicile.
3. Address: Residency address and country.
4. Income: Gross annual income, total net worth and source of income.
5. Activation: Verify email address.
6. Document Verification: Proof of identity (passport or driving licence) and proof of residence (utility bill or bank statement – not more than 3 months old).

The client portal is shown below:

The broker does not accept clients from the United States, Afghanistan, Cuba, Crimea, Israel, Sudan, North Korea, Ethiopia, Iran, Bosna and Herzegovina, Iraq, Lao People’s Democratic Republic, Syria, Uganda, Vanuatu, Yemen and EU residents.

Deposit & Withdrawals Options

“Gulf Brokers offers fee-free deposits and withdrawals via debit/credit cards and Perfect Money.”

Gulf Brokers offers fee-free deposits and withdrawals via debit/credit cards and Perfect Money. The broker’s website does not state any processing times but deposits via debit/credit card and e-wallets such as Perfect Money are usually instant.

Additionally, the client agreement only states that withdrawals are processed as soon as possible. Clients can deposit and withdraw funds through the client portal.

Web & Desktop Trading Platforms

“Gulf Brokers offers users the ability to trade on the globally renowned MetaTrader 5 trading platform for Web, Windows and MAC.”

Gulf Brokers offers users the ability to trade on the globally renowned MetaTrader 5 trading platform for Web, Windows and MAC. The platform features are highlighted below:

Gulf Brokers WebTrader

• Trade multiple asset classes
• Interactive charts.
• Great range of technical tools and indicators
• No download needed.

Gulf Brokers MetaTrader 5 Desktop

• 9 time-frames
• 80+ technical indicators.
• Expert Advisors.
• Downloadable on MAC systems.

A screenshot of the Gulf Brokers MetaTrader 5 desktop platform is shown below and is covered in more detail in the video review:

Mobile Trading Platforms

“Gulf Brokers offers users the ability to access mobile trading on the go from the Gulf Brokers mobile trading app for Android and iOS systems.”

Gulf Brokers offers users the ability to access mobile trading on the go from the Gulf Brokers mobile trading app for Android and iOS systems. Both app download links can be found in the Google PlayStore or Apple AppStore.

The Gulf Brokers mobile trading app provides a range of different features including:

• Trade and manage your account on the go.
• Multiple order types available.
• Real-time quote streaming.
• Simple to use interface.

The Gulf Brokers mobile trading app is covered in more detail in the video review.

Trading Features

“Gulf Brokers does not offer any additional trading features other than what is already available through the MetaTrader 5 trading platform. However, users can take advantage of MetaTrader marketplace to download thousands of additional technical indicators, automated trading strategies and copy trading services.”

Gulf Brokers does not offer any additional trading features other than what is already available through the MetaTrader 5 trading platform. However, users can take advantage of the MetaTrader marketplace to download thousands of additional technical indicators, automated trading strategies and copy trading services.

Commissions & Spreads

“Trading costs vary between each market with Forex, Indices and Commodities being commission-free and share trading being commission-based.”

Trading costs vary between each market with Forex, Indices and Commodities being commission-free and share trading being commission-based. The table below shows the average spreads for various markets:

Share trading is commission-based and a minimum of 20 USD or 0.5% of the volume traded is charged.

For Non-Islamic accounts, overnight funding or ‘swap’ fees are charged on positions that remain open overnight (22:00) GMT. If positions are being held over the weekend a three-day ‘swap’ charge will be charged on Wednesdays.

The broker also charges a maintenance fee of 10 USD per month if there is no trading activity for at least one month or more.

Bonus & Promotions

“Currently, there are no bonus or promotions advertised on the broker’s website.”

Customer Support

“Gulf Brokers offers multilingual 24/5 customer support via email, phone and contact form.”

Gulf Brokers offers multilingual (English, Russian, Vietnamese, Arabic, Spanish) 24/5 customer support via email, phone and contact form. There is also a small FAQ section covering regulation and account-related questions. After phoning the customer support line we were on hold for a long period of time and could not connect with an agent.

Contact Information:

• Address: Suite C2, 2. Floor, Orion Mall, Palm Street, Victoria, Mahé, Seychelles.
• Email: support@Gulf Brokers.com
• Phone: +44 208 068 9908
• Social Media:
  • Facebook
  • Twitter
  • Instagram
  • LinkedIn
  • YouTube

Research

“Gulf Brokers offers a variety of market research that includes Market News, a Daily Summary, a Blog, and an Economic Calendar. ”

Gulf Brokers offers a variety of market research that includes Market News, a Daily Summary, a Blog, and an Economic Calendar. The main research available is explained below:

• Market News: Includes the latest market news and stories affecting global markets.
• Daily Summary: A daily market report that includes a breakdown of equities, currencies and commodities markets. The report also provides an Economic Outlook highlighting important data and a Technical Outlook showing key price levels.
• Blog: Gulfbroker’s best analysts share their insights into global markets through a variety of articles covering politics, currencies, shares and more.
• Economic Calendar: Keep up to date with the latest global events and economic data releases.

Overall, the research quality is detailed, informative and regularly updated. It is also suitable for both beginner and advanced traders.

Trader Education

“Gulf Brokers offers a limited range of educational material but does include three trading videos, top trading tips and a glossary.”

Gulf Brokers offers a limited range of educational material but does provide three trading videos, top trading tips and a glossary. The three video topics include How to avoid scam in trading, What Kind of trader are you? and How Contracts For Difference work. The content is high-quality but overall it is still quite limited.

The Trading Tips section contains six articles designed to help users understand how risk instruments work and there is also a small glossary that covers important trading and financial market terminology.

Trading Experience

“Gulf Brokers provides clients access to over 800+ financial instruments across Forex, Shares, Indices and Commodities, all through the globally renowned MetaTrader 5 trading platform for Web, PC and MAC.

From our observations, Gulf Brokers provides clients with a good trading offering across Forex, Shares, Indices and Commodities. Every client has full access to over 800+ markets through one account that also comes with great features including leverage up to 1:500, spreads from 3 pips and fee-free deposits and withdrawals.

Users can also trade through the globally renowned MetaTrader 5 trading platform for Web, PC and MAC, and those who are trading through the desktop platform can also take advantage of the MetaTrader marketplace to download thousands of additional technical indicators, automated trading strategies and copy trading services.

Although there is a range of market research available that is updated frequently and suitable for all types of traders, the educational material is quite limited but does provide good insights for beginner traders.

FAQ

Is Gulf Brokers regulated?

Gulf Brokers Ltd is a limited liability company regulated as a Securities Dealer by the Seychelles Financial Services Authority of Seychelles (FSA).

Where is Gulf Brokers based?

Suite C2, 2. Floor, Orion Mall, Palm Street, Victoria, Mahé, Seychelles.

How does Gulf Brokers make money?

Gulf Brokers makes money mainly through spreads, commissions and swaps on certain asset classes.

How do I deposit in a Gulf Brokers account?

Funds can be deposited via debit/credit cards and Perfect Money.

What is the min. deposit for Gulf Brokers?

The minimum deposit is $100.

How do I withdraw money from Gulf Brokers?

Withdrawals can be made from the client portal via debit/credit cards and Perfect Money.

What is the max leverage in Gulf Brokers?

The max leverage available is 1:500.

How do I open an account with Gulf Brokers?

An account can be opened at the click of a button on the Gulf Brokers website and can be done in just a few steps.

Does Gulf Brokers use MetaTrader?

Yes, MetaTrader 5.

Conclusion

“Gulf Brokers Ltd is a limited liability company regulated as a Securities Dealer by the Financial Services Authority of Seychelles (FSA). The broker offers clients the ability to trade on 800+ financial CFD instruments covering Forex, Shares, Indices and Commodities from the globally renowned MetaTrader 5 platform for Web, Windows and MAC.”

Gulf Brokers Ltd was founded in 2016 and is a limited liability company regulated as a Securities Dealer by the Seychelles Financial Services Authority of Seychelles (FSA). The broker offers clients the ability to trade on 800+ financial CFD instruments covering Forex, Shares, Indices and Commodities from the globally renowned MetaTrader 5 platform for Web, Windows and Mobile.

Users have access to a single live account as well as a demo and Islamic (swap-free) account. Although there is only one account type available it does come with a variety of features such as leverage up to 1:500, spreads from 3 pips and a minimum deposit of only $100.

Trading is commission-free on Forex, Indices and Commodities but is commission-based with share trading. There are two options for deposits and withdrawals, debit/credit card and Perfect Money. However, deposits and withdrawals are fee-free.

The research material is varied and includes Market News, a Daily Summary, a Blog, and an Economic Calendar, but the education material is limited to a few videos, articles and a glossary. The broker offers multilingual customer support 24/5 via email, phone and contact form.

• 800+ financial CFD instruments
• MetaTrader 5 available.
• 24/5 customer support.
• No fees on deposits and withdrawals.