GBE Brokers Review

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GBE Brokers offer a good selection of financial instruments to all types of trader, including forex and CFDs. These are available to trade online via reliable trading platforms which include a vast array of embedded trading tools which help to create a comfortable trading experience. The broker is regulated and provides an all hour customer care service, protection for client’s funds and personal data, along with an easy to use payment system that supports various account funding options and flexible account types for different investment sizes. Customers are offered security by the regulatory authorities CySEC and BaFin. However, I did find the broker to be lacking in educational materials for beginners and think they could add some more individual stocks. That being said, they can be a worth consideration for anyone who is looking to get convenient access to the markets in a regulated environment backed by excellent support.

Summary

GBE Brokers were established in the year 2013 in Limassol, Cyprus. They are a regulated online forex broker that provides financial trading services to retail traders and also provides liquidity services to institutional businesses. The broker records a high amount of trades per day in all traded instruments (Forex, cryptocurrency, commodities, shares, indices, CFD, metals, bonds, energies) and offers financial and ancillary services across a wide variety of member states ranging from European to non-European countries. This brokerage firm provides segregated trading accounts for forex traders, 24 hours customer support, adequate risk and money management tools, provides an easy payment channel to clients, provides reliable trade execution speeds, offers deep liquidity to traders, offers negative balance protection, and provides security of funds with SSL encryption.

I noticed that this broker concentrates especially on German-speaking private clients as well as institutional clients with an international focus who want to trade Forex and CFDs with them. Their experienced management team, the clear ownership structure and many operational units are firmly in German hands. With their experience, competence and focus on the needs of traders, they are continuously improving their processes, the scope of services and product portfolios. You can be sure that a personal support person with a great deal of profound expert knowledge will be at your side so that you can trade confidently with them.

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Between 74-89% of retail investor accounts lose money when trading CFDs with this provider.

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Regulation

When it comes to choosing a broker, I believe that regulation is one of the most important things to look for. This is because you may get some help should something go wrong. Operating as a reputable and transparent brokerage firm, GBE Brokers is regulated by financial authorities the Cyprus Securities and Exchange Commission (CySEC) and Federal Financial Supervisory Authority (BaFin). These regulatory bodies provide a list of rules and guidelines that the broker must follow to help ensure that clients get a transparent trading operation at all times, certifies client’s protection and safety of funds, fair and ethical trading behaviour, and maintains the highest integrity of the financial market as a whole.

Countries

GBE Brokers offer financial and ancillary services across a wide variety of member states ranging from European to non-European countries. However, this broker does not accept traders from the United States and some other countries due to specific legal restrictions. If you find that they do not accept clients where you are located, then please feel free to browse our broker reviews for an alternative option.

Platforms

GBE Brokers offer two trading platforms to traders, the user-friendly and popular MetaTrader 4 and MetaTrader 5. These trading platforms can carry out fast trade execution with support for one-click trading. They give you the ability to place trade orders in real-time, contain effective and adequate analytical tools and indicators for thorough market analysis and provides you with the programming language MQL to further enhance the platforms already excellent capabilities. The platforms support automated trading via expert advisors (EAs) with a built-in strategy tester to test them over historical data. You can develop your own custom indicators, tools, EAs and scripts in the MQL language.

MetaTrader Platforms

These are amongst the best trading platforms that you will find anywhere. I have used them for many years and find them ideal for manual and automated trading. The desktop versions are easy to navigate and fully customisable so you can create chart templates for all of your trading strategies. I like the web version as it can be accessed from any device without needing to install any software. It is also always up to date which is great. The trading apps are ideal if you want to quickly access your account and see what is happening in the markets. The GBE Brokers MT4 Booster Package contains 28 different tools and functions for your MetaTrader 4, designed to simplify your trading and market analysis.

The platforms include the following features:

• Gives traders the ability to trade with a wide range of financial instruments like forex and CFDs
• Multiple chart timeframes, chart types & order types
• Technical indicators for conducting in-depth market analysis
• Gives traders the ability to trade without restrictions including scalping, hedging, HFT, etc
• Supports automated trading with expert advisors (EAs)
• Gives traders the ability to place orders from 0.01 lots
• Provides risk and money management tools like trailing stops, automated stop loss and take profit orders
• Provides a multi-lingual support system
• Price alert notifications

Tools

When trading forex with GBE Brokers, you have the ability to trade with a wide range of trading tools in addition to the fantastic range that is already included within the trading platforms. These tools give you the ability to carry out an effective market analysis, develop customised trading strategies and to aid in your decision making. It is always good to see a broker provide some standalone tools but I think they could improve in this area by integrating Autochartist and Trading Central. These are both brilliant tools for market analysis that you can get through other brokers including Forex.com. That being said, let’s take a look at some of the trading tools that this broker has to offer.

MT4 Booster Pack

The MT4 Booster Pack is packed full of various trading tools that can be a great help to boost your trading experience. They improve on the already vast array of tools built into the MT4 platform. The package includes useful tools like the Alarm Manager, the Correlation Matrix or the Tick Chart Trader as well as important indicators like the Keltner Indicator or the Renko Bar Indicator, which definitely supports you while trading or analysing the market. I really like this tool and it isn’t something you will find available through many brokers, GKFX being one of them. You do need to fund your GBE Brokers account with at least $2,000 to get access to this superb set of tools.

MT4 Booster Pack

Alarm Manager

Get informed about important quote marks or account balances of your GBE brokers account with the Alarm Manager.

Correlation Matrix

Find currency pairs or stocks with high and low correlation against other currency pairs or indices.

Trade Terminal

With the Trade Terminal you can buy or sell CFDs quickly and easily. The terminal consists of the parts market overview, order list and account overview.

Tick Chart Trader

For very fast orders (e.g. for scalping strategies) you can use the Tick Chart Trader. Orders can be placed immediately via mouse or keyboard.

Excel RTD

Export real-time market data or current account balances to Excel for your own analysis. Prefabricated Excel tables are included in the Excel RTD.

Sentiment Trader

The Sentiment Trader shows the current and historical market sentiment of e.g. EUR/USD. The data is based on buy (long) and sell (short) positions from live accounts.

Mini Terminal

With the Mini Terminal you can trade CFDs more efficiently via a special-order mask and change open orders simply by drag & drop from the chart.

Market Manager

The Market Manager provides you with a simple overview of all markets on which you have open positions and/or open orders.

Other Tools

• Bar Changer Indicator
• Candle Countdown Indicator
• Chart Group Indicator
• Chart-in-Chart Indicator
• Correlation Trader
• Donchian Indicator
• Excel Spreadsheet
• Freehand Drawing Indicator
• Gravity Indicator
• High-Low Indicator
• Keltner Indicator
• Magnifier Indicator
• Mini Chart Indicator
• Order History Indicator
• Pivot Indicator
• Renko Bar Indicator
• Session Map
• Smart Lines
• Stealth Orders
• Symbol Info Indicator

Position Size Calculator

This tool is regarded as a risk management tool that gives you the ability to identify trade position sizes based on currency being traded, trading account size, stop loss level and risk percentage.

Margin Calculator

This unique trading tool gives traders the ability to calculate the margin needed to open and hold trade positions at all points in time. It can be useful if you are in a rush and need to plan your trades as quickly as possible. It can also benefit those of you who might not be great at maths.

Pip Calculator

Forex traders can use this handy trading tool to determine the value of a pip for a currency being traded in respect to the current price of the currency and its base currency.

Fibonacci Calculator

This advanced technical tool is used by numerous experienced traders as part of their technical analysis strategy. It is used for attempted determination of the possible price correction levels of a currency pair.

Pivot Point Calculator

The Pivot Point Calculator is used to calculate pivot points and determine the overall trend of the market over different time frames. The “pivot point” is the average of the high, low and closing prices from previous trading.

Economic Calendar

This trading tool is a calendar that portrays relevant information on the macroeconomic events of various countries and their currencies. It is often used as part of a trading strategies fundamental analysis. I think it is a vital tool that every trader should use. I personally always like to check the news before making any trade decision.

The Elbblick

This is the brokers weekly market letter with technical chart analysis and a review of the market events of the previous week. I think it can be a good way to get inspiration for some trade ideas and to recap what has been going on around the various markets.

Virtual Private Server

VPS (Virtual Private Server) hosting allows strategies of automated trading systems, including Expert Advisors (EA), to run 24 hours a day, 5 days a week on a virtual server in a powerful data centre. The big advantage is that your own computer doesn’t have to run 24/7 at home. Moreover, you are not dependent on your Internet and power connection. Additionally, the broker offered VPS solution significantly minimizes the execution time of your orders, as the MetaTrader servers are located in the same data centre.

I don’t think you can get a better solution for executing automated trading systems as through the MT4 or MT5 platforms with a VPS. I have one myself and find it an invaluable tool for running my expert advisors on multiple instances of the MT4 platform. It enables me to test my strategies on different brokers to see how they compare.

Equinix is the world’s largest provider of data centre and colocation infrastructure, also used by banks and exchanges. The company offers the fastest application performance, the lowest latency and the highest availability. GBE brokers’ trading servers are located in the Equinix LD4 data centre in London and are connected to liquidity partners via a fiber optic cross-connection. The partner for high-performance VPS hosting in the Equinix LD4 data centre is Beeks Financial Cloud. It is worth noting that you can get a free VPS from other brokers including IC Markets if this is something that you are looking for.

Education

I was actually quite disappointed to see that GBE Brokers do not have any educational resources such as trading guides, tutorial videos, webinars, etc. This would have been useful especially for beginner traders. If you are a new investor and looking for plenty of content to get your teeth stuck into, you might want to take a look at IronFX. They have a good collection of materials to help bring you up to speed.

Markets

I found there to be a reasonable number of financial instruments for you to choose from. GBE Brokers as an online brokerage firm gives its clients the ability to trade a decent range of over 250 trading products in various asset classes including forex, cryptocurrency, commodities, shares, indices, CFDs, metals, bonds and energies. This broker offers the choice of over 48 currency pairs with majors, minors, and exotic FX pairs. Amongst the majors are: AUD/USD, EUR/CHF EUR/GBP EUR/JPY EUR/USD GBP/USD USD/CHF USD/JPY. Cryptocurrencies being traded include Bitcoin and Ethereum. Metals being traded include Gold, Silver, Platinum, and Palladium. Whilst there should be enough for the average trader to build a diverse portfolio, you could always take a look at RoboForex if you want access to thousands of instruments.

Shares & Indices

DAX, Dow Jones, NASDAQ, Apple, Microsoft, Adidas, SAP and many more. You can trade stocks and indices with top conditions.

Forex

With forex trading you get access to hundreds of currency pairs, including major, minor and cryptocurrencies, starting at 0 pips spread.

Commodities & Energies

GBE offers you access to the most important commodity and energy markets for trading crude oil, gas, cotton, coffee, sugar, etc.

Metals

Use the opportunities offered by precious metals such as gold and silver to optimally diversify your trading portfolio.

Bonds

Bond products such as Euro Bund Futures or US 10-year CFD-based T-Note Futures are also available on the trading platform.

Crypto CFDs

A CFD (contract for difference) is a security that is linked to the price of a cryptocurrency: if the value of the currency rises, the value of your CFD increases; if, on the other hand, the currency is in the basement, your CFD is also down. The broker has a selection of popular cryptos for trading.

Accounts

GBE Brokers provide traders with two different live accounts. These trading accounts give you the ability to exercise all trading styles that you find suitable in a flexible trading environment. They include effective trading tools, good execution speeds, competitive spreads and commissions and easy funding options. There are also demo accounts which is great if you want to give the broker a test run to see if they meet your needs before making a financial commitment. They can also be a good way to practice your trading strategies and build your confidence without the risk.

Once you are ready to start trading online, the trading account types include:

GBE TRADITIONAL

• Spread from 0.7 pips
• ZERO Commission
• Deposit from 1000 EUR
• Order size from 0.01
• 200+ Trading Products
• Open in EUR, USD or CHF
• Ideal for Discretionary Traders

GBE RAW

• Raw Spread from 0.0 pips
• Commission from 3,00 EUR
• Deposit from 1000 EUR
• Order size from 0.01
• 200+ Trading Products
• Open in EUR, USD or CHF
• Ideal for EAs and Scalping

GBE TRADITIONAL PLUS

• Spread from 2.0 pips
• ZERO Commission
• Deposit from 500 EUR
• Order size from 0.01
• 200+ Trading Products
• Open in EUR, USD or CHF
• MT4 Training
• Free Trading Tools
• Personal Account Manager

GBE RAW PLUS

• Raw Spread from 0.0 pips
• Commission from 8,00 EUR
• Deposit from 500 EUR
• Order size from 0.01
• 200+ Trading Products
• Open in EUR, USD or CHF
• MT4 Training
• Free Trading Tools
• Personal Account Manager

GBE TRADITIONAL PLUS S

• Spread from 3,8 Pips
• ZERO Commission
• Deposit from 250 EUR
• Order size from 0.01
• 200+ Trading Products
• Open in EUR, USD or CHF
• MT4 / MT5 Training
• Free Trading Tools
• Two Personal Account Manager
• Personal Senior Manager

GBE RAW PLUS S

• Raw Spread from 0.0 pips
• Commission from 19,00 EUR
• Deposit from 250 EUR
• Order size from 0.01
• 200+ Trading Products
• Open in EUR, USD or CHF
• MT4 / MT5 Training
• Free Trading Tools
• Two Personal Account Manager
• Personal Senior Manager

Support

GBE Brokers provide a 24/7-hour customer support system for clients via communication channels including live chat, email, telephone, fax and Skype. The broker also provides a multi-communication platform for traders thereby eliminating some language barriers. I found the support to be helpful, responding in a prompt and polite manner. I wouldn’t have any problem reaching out to them again in the future. It is also nice to see that they have taken the time to respond to various feedback online.

Funding

GBE Brokers provide a decent selection of convenient deposit and withdrawal options via credit/debit cards, digital wallets and bank wire transfer. I especially like the availability of digital wallets as I find this to be one of the most convenient ways for me to move funds between my broker accounts. Just be aware that some methods may only be available to specific countries and not all are available for both deposit and withdrawal. Some fees may be charged when using certain payment methods. Withdrawal requests are processed within the same day or next if outside working hours. The withdrawal time can vary depending on the payment provider and method but should generally be completed swiftly. Bank transfers may take a few business days to clear whilst some methods can be instant.

Some payment systems may have transaction limits, restrictions, and requirements which are indicated on their respective websites. You may need to verify your account to remove limits on particular methods in some countries. GBE Brokers strictly does not accept third-party payments. All funds deposited into your trading account must be under the same name as your GBE Brokers trading account. Accounts can only be opened in USD, EUR, CHF, which I think is quite limited. This is because currency conversion fees apply when using an account that is not in your own currency.

Conclusion

Overall, there is a lot to admire about GBE Brokers in my opinion. They provide reliable trading platforms to traders which are embedded with effective trading tools that help to create a comfortable trading experience. The brokerage firm also provides an all hour customer care service, protect client’s funds and personal data, and provides a variety of payment options. There is also a variety of trading account types but a lack of educational materials for new traders. Whilst the spreads and fees are very competitive, they are not the lowest that I have seen. You can see alternative options on our discount brokers page if you are looking to save as much as possible. Otherwise, I feel they can be a good choice worth considering for anyone who wants simple access to the global markets from within a regulated environment.

$250

GBE brokers offer a good variety of Forex and CFD trading instruments to retail and institutional clients with very competitive conditions. They have flexible trading platforms and an abundance of trading tools to help enhance your overall trading experience. The broker is regulated with dedicated support and has flexible payment options to choose from.

Between 74-89% of retail investor accounts lose money when trading CFDs with this provider.

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