Gulf Brokers Review

Category: Reviews | Author: Trading Brokers | Date: September 8, 2023

If you’re in the market for a brokerage offering forex and CFD trading across various assets, Gulf Brokers may have caught your attention. Established in 2017 and operating under the regulatory oversight of the FSA of Seychelles, Gulf Brokers claims to provide traders with a swift and modern trading platform, an extensive array of trading instruments, and responsive customer support. However, the crucial question remains: does Gulf Brokers truly live up to its promises? In this comprehensive assessment, we will delve into Gulf Brokers, critically looking at its offerings to those in the industry. Our analysis will encompass regulatory compliance, trading platforms and tools, educational resources, market coverage, account types, and funding options. By the end, we will present a balanced view of Gulf Brokers, outlining its strengths and weaknesses, helping you make an informed decision on whether it aligns with your trading needs.

Pros & Cons

  • FX Junction partnership for social trading
  • Professional liability insurance and PCI DSS compliance
  • Low spreads starting from 0.7 pips
  • No deposit or withdrawal fees
  • Multiple payment methods, including Bitcoin
  • Education section and online trading academy
  • High minimum deposit of $100
  • No live chat support on weekends
  • No cryptocurrency trading
  • No DGCX futures trading on the MT5 platform
  • Limited regulation by the FSA of Seychelles
  • Long processing time for withdrawals

Summary

Gulf Brokers

Gulf Brokers

Gulf Brokers, a Seychelles-regulated online trading broker, specializes in forex and CFD trading with a wide array of over 300 trading instruments, including commodities, indices, and stocks. The broker operates under the jurisdiction of the Financial Services Authority (FSA) of Seychelles, providing professional liability insurance to safeguard client funds. Traders utilize the MetaTrader 5 (MT5) platform, available on various devices, offering multiple order types, charting tools, and automated trading features. Gulf Brokers also boasts an extensive education section covering trading basics, strategies, risk management, and market analysis. With two account options, diverse deposit and withdrawal methods, and multilingual customer support, Gulf Brokers is a competitive choice for traders seeking a comprehensive trading experience.

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AvaTrade is an award-winning and multi-regulated broker offering a great selection of trading instruments including Forex, Cryptos, Stocks and Commodities. You can trade on all of your devices via user-friendly platforms with excellent trading conditions and no commission fees.

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

Regulation

Gulf Brokers falls under the regulatory purview of the Financial Services Authority (FSA) of Seychelles, holding license number SD013. As Seychelle’s primary regulator for non-bank financial services, the FSA plays a pivotal role in upholding the financial sector’s integrity and stability. Additionally, it’s entrusted with safeguarding consumers and investors against fraudulent activities and misconduct.

Gulf Brokers Limited’s parent company is registered as a securities dealer in Seychelles, bearing company number 8417634-1. This alignment means that Gulf Brokers operates within the legal framework of Seychelles, a jurisdiction rooted in common law principles and international best practices. To further bolster client protection, Gulf Brokers has professional liability insurance in place to cover potential claims or losses stemming from its operations.

While Gulf Brokers affiliation with the FSA of Seychelles demonstrates its commitment to creating a transparent and secure trading environment, it’s important to note that the level of protection and compensation offered by the FSA may not match that of regulators like the UK’s FCA or Australia’s ASIC.

Platforms & Tools

MT5 Trading Platform

MT5 Trading Platform

Gulf Brokers stands out by providing its traders with access to the highly regarded MetaTrader 5 (MT5) trading platform, recognized as one of the most advanced and popular platforms in the industry. The versatility of MT5 shines through its availability on desktop, web, and mobile devices, accommodating traders on various fronts. Within MT5, traders benefit from a multitude of order types, an extensive array of charting tools, an impressive selection of technical indicators, and the capacity for automated trading. Furthermore, MT5 boasts a rich toolkit that includes an economic calendar, one-click trading functionality, a strategy tester, and an innovative feature highlighting entry and exit points.

Complementing the robust MT5 platform, Gulf Brokers equips traders with an arsenal of valuable trading tools. These tools include:

  • Market News: Offering real-time updates on financial markets, economic events, geopolitical developments, and more, this tool ensures traders are well-informed and poised to respond to breaking news effectively.
  • Economic Calendar: An indispensable resource, the economic calendar displays scheduled economic events, reports, and announcements, along with key indicators such as GDP, employment figures, and interest rate decisions. Traders rely on this tool to anticipate market volatility and align their strategies accordingly.
  • Trading Signals: Gulf Brokers provides trading signals to assist traders in identifying potential opportunities. These signals can stem from expert analysis or advanced market analysis tools, offering valuable insights for informed decision-making.
  • Technical Analysis: Gulf Brokers equips traders with a suite of technical analysis tools, empowering them to scrutinise price charts, identify trends, and make predictions about future price movements. These tools typically encompass a range of technical indicators, oscillators, and drawing tools for comprehensive chart analysis.

Gulf Brokers also partners with FX Junction, which is the world’s largest independent open social trading network. FX Junction allows traders to connect with other traders, share their trades and performance, copy successful traders, and learn from each other.

Education

Gulf Brokers excels in this regard, providing an extensive education section on its website, and offering a wealth of valuable learning materials. These resources encompass informative articles, enlightening videos, engaging webinars, and insightful e-books, all designed to empower traders with essential knowledge. The topics covered include:

  • Foundational elements of Forex
  • Crafting effective trading strategies
  • Risk management
  • Navigating the complexities of market analysis.

Additionally, Gulf Brokers maintains an informative blog, delivering regular updates on market dynamics, invaluable trading tips, and pertinent company news.

What truly sets Gulf Brokers apart is its dedication to inclusive education. The broker offers a remarkable online trading academy with Arabic videos complemented by English subtitles, ensuring accessibility to a broader audience. This academy is structured into three progressive levels, accommodating individuals in various stages of their trading journey.

In essence, Gulf Brokers distinguishes itself as a broker that not only offers a diverse array of educational resources but also does so with a thoughtful approach to cater to traders at varying skill levels. Its education section serves as a beacon for those commencing their trading voyage, while the blog keeps traders abreast of the latest market developments. The online trading academy, enriched by Arabic-language videos and English subtitles, provides an innovative and comprehensive avenue for traders to delve into video lessons and expand their knowledge base.

Markets

Gulf Brokers provides a diverse array of over 300 trading instruments, catering to a broad spectrum of trading preferences and objectives. These instruments encompass forex, stocks, indices, and commodities, each offering unique advantages:

  • Forex: The forex market, renowned as the largest and most liquid globally, facilitates the exchange of currencies from various countries. Traders engage here to capitalize on currency price fluctuations.
  • Stocks: Stocks represent ownership shares in companies, enabling traders to benefit from both price movements and potential dividend earnings.
  • Indices: Indices are baskets of stocks that mirror specific markets or sectors, offering traders an avenue to diversify their portfolios and mitigate risk.
  • Commodities: In the realm of commodities, traders delve into raw materials and agricultural products, seeking opportunities to hedge against inflation and capitalize on market volatility.

While Gulf Brokers excels in these areas, it’s important to note that cryptocurrency trading is not part of their offering, which could be a limitation for traders intrigued by the emerging and volatile crypto market. However, Gulf Brokers does provide access to DGCX futures contracts, versatile derivatives that enable traders to speculate on the future prices of various underlying assets. These futures contracts encompass assets like gold, silver, copper, crude oil, natural gas, Indian rupee, euro, pound sterling, and more.

Accounts

Gulf Brokers provides a versatile array of trading account options to accommodate a range of trading preferences and beliefs. These account types include:

  • Standard Forex and CFD Account: The standard account option entails a minimum deposit of $500, offering variable spreads starting from 0.7 pips. Traders benefit from leverage of up to 1:500 without incurring commission fees. This account type grants access to trade all available symbols, spanning forex, stocks, indices, and commodities.
  • Islamic Account: Designed for traders who adhere to Sharia law principles, the Islamic account offers a swap-free and interest-free trading environment. Functionally akin to the standard account, it allows traders to engage in trading all available symbols while aligning with Islamic finance principles.

Additionally, Gulf Brokers extends the opportunity for traders to explore and refine their trading skills through a free demo account. This account comes preloaded with $100k in virtual funds, enabling traders to practice their strategies and evaluate the broker’s services without risking actual capital. The demo account mirrors the features of the standard account and is seamlessly accessible via the MetaTrader 5 platform.

Funding

Gulf Brokers demonstrates a commitment to facilitating seamless funding experiences by offering a diverse array of deposit and withdrawal methods. These include bank wire transfers, credit/debit cards, Skrill, Neteller, FasaPay, and Bitcoin. Notably, Gulf Brokers refrains from imposing deposit or withdrawal fees on its clients, although it’s important to note that third-party fees may apply. To ensure accessibility, the minimum withdrawal amount is set at $50, with processing times of up to 5 business days.

In addition to these client-centric practices, Gulf Brokers takes robust measures to safeguard and protect client funds. These include maintaining client funds in top-tier banks within the GCC region, and ensuring that client assets are protected in reputable financial institutions. Furthermore, Gulf Brokers bolsters its commitment to client protection by carrying professional liability insurance, which serves to cover potential claims or losses arising from its activities. The broker also aligns with the Payment Card Industry Data Security Standards (PCI DSS), a globally accepted policy designed to fortify the security of debit, credit, and cash card transactions.

Conclusion

In summary, Gulf Brokers emerges as a well-rounded online trading platform that caters to a diverse spectrum of traders. With a robust regulatory framework and an emphasis on security, it provides a reassuring foundation for traders. The MetaTrader 5 platform, coupled with an array of trading tools and educational resources, empowers traders with the knowledge and tools they need to succeed. Gulf Brokers’ extensive range of tradable instruments, including forex, stocks, indices, and commodities, ensures that traders have ample choices, although the absence of cryptocurrency trading may be a limitation for some. The broker’s flexibility in offering various account types, including Islamic accounts, and a risk-free demo account for practice, underscores its commitment to inclusivity. Additionally, Gulf Brokers’ approach to funding and security further enhances its appeal. However, potential traders should conduct thorough research and due diligence to ensure that Gulf Brokers align with their specific trading objectives and preferences. However, it’s worth noting that while Gulf Brokers offers strong features, there are other Gulf Brokers with longer track records that might be worth considering as alternative options. For additional choices, we encourage you to explore our trading broker reviews.

Gulf Brokers

$100

Gulf Brokers is an online trading broker that offers forex and CFD trading on various assets, such as commodities, indices, and stocks. The broker is regulated by the FSA of Seychelles and provides traders with the MT5 trading platform various trading tools and education resources.

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


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Trading Brokers
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