GBE Brokers Review 2020

GBE Brokers offer multiple trading instruments to all types of traders across the globe. 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. However, the trading brokers review team find the broker to be lacking in educational materials and not to have the lowest spreads/fees when compared to some other online brokerages.

GBE Brokers Review 2020, Pros & Cons
  • Multiple regulations
  • Offers segregated trading accounts
  • 24 hours customer support
  • Competitive trading conditions
  • Range of trading instruments across multiple asset classes
  • Additional trading tools to assist traders
  • Does not support US clients
  • Lack of educational materials
  • Minimum $250 deposit
  • Not the lowest spreads/fees compared to some other brokers

In this detailed GBE Brokers review, our online broker research team have covered some of the most important aspects for you to consider when choosing the best broker for your online trading needs.

GBE Brokers is not ranked in our best forex brokers, best stock brokers, best CFD brokers, best crypto brokers or best online brokers categories. You can use our free broker comparison tool to compare online brokers including GBE Brokers.

GBE Brokers Review: Summary

GBE Brokers were established in the year 2013 in Limassol, Cyprus. They are a highly regulated online forex broker that provides financial trading services to traders and individuals at large 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.

GBE Brokers Review: Broker Features

GBE Brokers Review: Broker Features

GBE Brokers Review: Regulation

Operating as a reputable and transparent brokerage firm, GBE Brokers is regulated by a number of financial authorities including the Cyprus Securities and Exchange Commission (CySEC), Markets in Financial Instruments Directive (MiFID), Investor Compensation Fund (ICF), Federal Financial Supervisory Authority (BaFin), and Financial Conduct Authority (FCA). 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 behavior, and maintains the highest integrity of the financial market as a whole.

GBE Brokers Review: Countries

GBE Brokers offer financial and ancillary services across a wide variety of member states ranging from European to non-European countries. These countries include Denmark, Estonia, Finland, France, Germany, Greece, Hungary, Iceland, Ireland, Italy, Latvia, Liechtenstein, Lithuania, Luxembourg, Malta, Netherlands, Norway, Poland, Portugal, Romania, Slovakia, Slovenia, Sweden, United Kingdom, and other non-EU countries. However, this broker does not accept traders from the United States due to specific legal restrictions. Some GBE Brokers features and products mentioned within this GBE Brokers review may not be available to traders from certain countries because of legal restrictions.

GBE Brokers Review: Trading Platforms

GBE Brokers offer two trading platforms to traders, MetaTrader 4 and MetaTrader 5. These trading platforms can carry out fast trade execution with support for one-click trading. They give traders the ability to place trade orders in real-time, contain effective and adequate analytical tools and indicators for thorough market analysis and provides traders with the programming language MQL4. The platforms support automated trading via expert advisors (EAs) with a built in strategy tester to test them over historical data. Users can develop their own custom indicators, scripts in the MQL language. These trading 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.
GBE Brokers Review: Trading Platforms

GBE Brokers Review: Trading Platforms

GBE Brokers Review: Trading Tools

GBE Brokers Review: Trading Tools

GBE Brokers Review: Trading Tools

Forex trading with GBE Brokers gives individuals and traders the ability to trade with a wide range of trading tools in addition to those already included within the trading platforms. These tools give its users the ability to carry out an effective market analysis, develop customised trading strategies and to aid decision making. These trading tools include:

MT4 Booster Pack

The MT4 Booster Pack is packed full of various trading tools that help a trader boost his/her trading experience. They improve on the already vast array of tools built into the MT4 platform.

Position Size Calculator

GBE Brokers Review: Position Size Calculator

GBE Brokers Review: Position Size Calculator

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

Margin Calculator

GBE Brokers Review: Margin Calculator

GBE Brokers Review: 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.

Pip Calculator

GBE Brokers Review: Pip Calculator

GBE Brokers Review: Pip Calculator

Forex traders use this 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.

Economic Calendar

GBE Brokers Review: Economic Calendar

GBE Brokers Review: 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.

GBE Brokers Review: Education

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.

GBE Brokers Review: Trading Instruments

GBE Brokers as an online brokerage firm gives its clients the ability to trade a wide 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: AUDUSD, EURCHF EURGBP EURJPY EURUSD GBPUSD USDCHF USDJPY. Cryptocurrencies being traded include Bitcoin, Ethereum, Litecoin, and Ripple. Metals being traded include Gold, Silver, Platinum, and Palladium.

GBE Brokers Review: Trading Instruments

GBE Brokers Review: Trading Instruments

GBE Brokers Review: Accounts & Fees

GBE Brokers provide traders with two different live accounts. These trading accounts give traders the ability to exercise all trading styles that they find suitable in a flexible trading environment. They include effective trading tools, good execution speeds, competitive spreads and commissions and easy funding options. 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

As broker fees can vary and change, there may be additional fees that are not listed in this GBE Brokers review. It is imperative to ensure that you check and understand all of the latest information before you open a GBE Brokers account for online trading.

GBE Brokers Review: Customer Service

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.

GBE Brokers Review: Deposit & Withdrawal

GBE Brokers provide a selection of convenient deposit and withdrawal options via Credit/debit cards, Skrill, Neteller, Bank wire transfer, Wirecard, visa card and Mastercard. Please note 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. 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 be opened USD, EUR, CHF. The different currency options are beneficial as currency conversion fees do not apply when using an account in your own currency.

GBE Brokers Review: Account Opening

To open a live account with GBE Brokers, traders are provided with an online account opening form where each individual has to input and confirm their personal information like first name, last name, email, password, country, and telephone. This account opening process is very easy and takes around 4 minutes to complete. Once complete, you will need to verify your account to be able to make deposits and start trading online.

GBE Brokers Review: Account Opening Form

GBE Brokers Review: Account Opening Form

GBE Brokers Review: Conclusion

GBE Brokers 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 we have seen. You can see alternative options on our best brokers page.

Trading Foreign Exchange and Contracts for Difference (CFDs) is highly speculative and may not be suitable for all investors. GBE Brokers offers trading on margin. The leverage created by trading on margin can work against you as well as for you. Only invest with money you can afford to lose and ensure that you fully understand the risks involved. Please ensure you read our Risk Disclosure and Terms and Conditions in full before opening an account with GBE Brokers.

Min $250 Deposit

GBE brokers offer Forex & CFD trading to retail & institutional clients around the world. They offer flexible trading platforms & abundance of trading tools to help the overall trading experience. The broker is regulated with competitive trading conditions, dedicated support & flexible payment options.