Gulf Brokers Review

Alyaziah Hayat | March 28, 2022

Gulf Brokers is an online broker that offers trading in forex, commodities, stocks and indices. The company has a large number of financial instruments available for trading on the award winning MT5 platform. The broker is located offshore and has a high minimum deposit requirement compared to many other brokers. The trading brokers review team did not find Gulf Brokers to have the tightest spreads whilst there are also account inactivity fees.

Broker Pros / Cons
  • Access to trade on the powerful MT5 platform
  • Over 700 trading instruments
  • Account management services
  • Market news and daily summary
  • Offshore brokerage firm
  • No service to clients from over 15 countries including USA
  • High minimum deposit
  • No live web chat customer support
  • Not the lowest spreads
  • Account inactivity fees


Gulf Brokers was set up in 2016 by Gulf Brokers Limited which is based in the Island Republic of Seychelles. The broker has been able to grow its clientele by 700% in 2020 with more than 5,000 accounts opened in 2019. It recorded a total of $7.2 billion worth of trades on its platform in the same year.

Gulf Brokers offers almost 700 trading instruments on the popular MT5 trading platform. It also offers educational contents as well as trading tools like portfolio management, financial/economic news and training resources.

Gulf Brokers has won multiple awards for their brokerage services. It was recently voted the 2nd best online broker in a poll conducted by Trader magazine.

Gulf Brokers Broker Awards

Gulf Brokers Broker Awards


Gulf Brokers is regulated in Seychelles by the Financial Services Authority (FSA) with license number SD013. Its parent company Gulf Brokers Limited is registered as a securities dealer in Seychelles with company number 8417634-1.

To further protect itself from internal errors, cyber-attacks, etc, Gulf Brokers has bought professional indemnity insurance. This can help to protect eligible client funds in the case of any problems that might arise from any possible misconduct of the broker or even bankruptcy and makes compensation a possibility.

Gulf Brokers does not offer its services to residents of the following countries and territories: Afghanistan, Cuba, Crimea, Israel, Sudan, North Korea, Ethiopia, Iran, Bosnia and Herzegovina, Iraq, Lao People’s Democratic Republic, Syria, Uganda, Vanuatu and Yemen.


MT5 Trading Platform

MetaTrader 5 (MT5) is the only trading platform available to Gulf Brokers’ clients. This popular platform, from ‘MetaQuotes software Corporation’, comes with a simple interface easy enough for new traders yet it has advanced trading tools and market analysis features to make it suitable for professional traders. MT5 comes in 3 main versions:

MT5 WebTrader

The WebTrader is the version of the MT5 trading platform that was built with html5. The MT5 WebTrader runs on all operating systems that have a modern browser. No downloads or installations are required. WebTrader has all the basic features of the MT5 that enables online trading and market analysis.

MT5 Desktop Terminal

This is the complete version of MT5 that has the full functionality of the platform. The MT5 Desktop Terminal is available for download on Windows and Mac workstations from the brokers website or the client portal.

MT5 features fully customizable layouts and windows. The charts can be displayed on up to 21 timeframes on the MT5 platform. It also has multiple order types which includes 6 pending orders. You can activate one-click trading for faster execution of orders. It also allows the installation of plugin apps which extends the features of the platform by adding new tools or new functions. It also supports the automation of strategies via software Expert Advisors (EAs) which are scripted with the MQL5 programming language.

Gulf Brokers MT5 Platform

Gulf Brokers MT5 Platform

MT5 Mobile Trading App

Gulf Brokers’ clients can also make use of the mobile version of the platform on their smartphones, phablets or tablets. The mobile apps are developed for iOS and Android devices. The mobile app is available on the Apple store and the Google Play Store.

The MT5 app is user friendly and customizable. It has most of the major features and functions of the MT5 desktop version. From the app, you can monitor the price quotes of all instruments in real time, place and manage trades. Charting on 9 timeframes and 30 technical indicators is supported. Multiple order types including 6 pending orders and risk management tools are at the trader’s disposal when placing orders.

Gulf Brokers Mobile Trading Apps

Gulf Brokers Mobile Trading Apps


Portfolio Management Services

For clients who do not have enough trading experience or do not have enough time to trade, Gulf Brokers offers a portfolio management service. Under this service, the broker trades on behalf of the client. It should be strongly emphasised that there are no guarantees on the performance of managed accounts and you should have a clear understanding of all the significant risks involved with trading online.

Economic Calendar

There is a live economic calendar on the Gulf Brokers website. It shows the scheduled dates and times for economic events and reports, their previous figures and the new figures as they are released.

Gulf Brokers Economic Calendar

Gulf Brokers Economic Calendar

Market News

Clients can keep abreast of economic and business happenings through the Market News on the Gulf Brokers site. It follows news about the companies whose stocks are traded on its platform. There is also an analysis of the possible impact on its share price.

Daily Summary

Gulf Brokers provides a daily summary about the economic and financial events that unfolded on the previous day. It summarizes the latest market news, important economic statements as well as notable market movers. The summaries are only a few lines long and therefore they do not entail full details.

Trading Blog

Gulf brokers publish blog articles written by its financial analyst; Syam KP. There are articles on certain economic/financial events and their possible after effects. There are also articles that provide trading tips and strategies for traders.

Gulf Brokers Trading Blog

Gulf Brokers Trading Blog


Trading Videos

Clients can watch trading tutorials on video. There are however a limited selection of trading videos available on the site at the time of writing this Gulf Brokers review. The videos are on avoiding trading scams, CFDs and trading psychology.

Gulf Brokers Trading Videos

Gulf Brokers Trading Videos

Trading Glossary

This section provides detailed explanations on a few of the more commonly used terms in Forex/CFD trading. Only 13 terms are explained in full detail with each term occupying a full webpage.

Gulf Brokers Trading Glossary

Gulf Brokers Trading Glossary

Trading Tips

Gulf Brokers has a page dedicated to trading tips with articles that provide basic knowledge about practical forex/CFD trading. There are six articles under the trading tips section covering a few topics for beginner traders.

Gulf Brokers Trading Tips

Gulf Brokers Trading Tips


Gulf Brokers offers around 700 trading instruments on its platform. These include of 61 currency pairs, 14 indices, and 7 commodities. There are also 610 stocks on the platform which are comprised of 105 German stocks, 16 Dutch stocks, 35 Spanish stocks, 20 Swiss stocks and 435 American stocks.


Forex & CFD Account

This account enables the trading of all the financial instruments on Gulf Brokers. The minimum deposit is $500. The minimum tradable lot size is 0.01 while there is no maximum. A leverage of 1:500 is the highest allowed. The spreads are variable with the major pairs having spreads of 3-4 pips. There is no trading commission on this account for forex, indices and commodities. But a 0.5% trading commission applies to trading of stocks on this account.

Islamic Account

This account which was designed for the Muslim clients and it has similar conditions with the Forex and CFD account. The main difference is that there is no roll over fees charged. This is in compliance with the Islamic Sharia law which forbids the paying and receiving of interests.

Demo Account

Demo accounts are available for practice purposes. They come preloaded with $100,000 in virtual funds to practice your trading strategies.

Inactive accounts get charged a $10 monthly maintenance fee after 30/31 days of no trading or financial activities in the account.


Clients can get their questions, comments and concerns about Gulf Brokers services attended to by the customer service 24 hours daily on weekdays. They can be contacted through phone, email or the ‘contact us’ form on the brokers website. There is no live chat option on the brokers website.

The customer service is multilingual. Gulf Brokers also has its presence on Facebook, Twitter, Instagram and LinkedIn. However, it is only on Facebook that it attends to customer queries.


Bank Transfer

Bank wire transfers require a minimum deposit of $100 while there is no maximum. The processing period for this method is around 3-5 business days.

Credit/Debit Cards

The cards acceptable on Gulf Brokers are Visa, MasterCard, Maestro and Visa Electron. This method requires a minimum deposit of $100 and a maximum of $10,000. Funds deposited through this method are processed instantly. However withdrawals with credit/debit cards are restricted to the amount deposited through it as any amount above the initial deposit will be paid by bank transfer.

Online Payment Solutions

Neteller, Skrill, Visa Red Dot and Perfect Money are the electronic payment solutions accepted for deposits and withdrawal on Gulf brokers. The minimum deposit is $100 while the maximum ranges between $5,000 and $20,000. Processing of deposits and withdrawals is usually instant.

First time minimum deposit on Gulf Brokers is $500. Withdrawals involve filling an online withdrawal request form on the website.

Gulf Brokers Payment Options

Gulf Brokers Payment Options


To open an account on Gulf Brokers, go to the brokers website and click on the ‘Join’ button. A short form will appear requiring your name, email and phone number.

Gulf Brokers Registration Form

Gulf Brokers Registration Form

On submission of the form, a success message will be displayed, click on ‘continue to myzone’. You will then be taken to ‘myGulfBrokers’ page where your personal portal is located. An email with an activation link is sent to your email address for verification purposes. Another email with login and password details is also sent to your email. From the portal, you can complete your profile, make deposits, request withdrawals and verify your account. This completes the registration process. You can then download the platform and commence trading online only when you feel ready to do so.


Compare Broker (vs Our Top 3 Brokers)
Broker FeaturesAvaTradeIGIC Markets
CountryAustralia, Ireland, South Africa, Japan, British Virgin IslandsAustralia, UK, USA, Switzerland, UAE, Singapore, JapanAustralia, Seychelles, Bahamas, Cyprus
Min. DepositMin $250 DepositMin $100 DepositMin $200 Deposit
CommissionFrom $0From $0From $0
InstrumentsForex, Commodities, Cryptocurrency, Stocks, Shares, Indices, Metals, Energies, Options, Bonds, CFDs, ETFsForex, Commodities, Stocks, Shares, Indices, Cryptocurrencies, Metals, Energies, Options, Bonds, ETFs, CFDsForex, Commodities, Cryptocurrency, Stocks, Shares, Indices, Metals, Energies, Bonds, CFDs
PlatformsMetaTrader 4, MetaTrader 5, AvaTradeGO, AvaOptions, AvaSocial, DupliTrade, ZuluTrade, Web, MobileMetaTrader 4, IG Platform, IG Progressive Web App, ProRealTime (PRT), L2 Dealer, FIX API, Web, MobileMetaTrader 4, MetaTrader 5, cTrader, Web, Mobile
TypeMarket Maker, STPSTP, ECN, DMAECN
FundingWire Transfer, Credit/Debit Card, Paypal, WebMoney, Neteller, SkrillWire Transfer, Credit/Debit Cards, PayPalWire Transfer, Credit Card, Debit Card, WebMoney, Neteller, PayPal, Skrill, FasaPay, UnionPay, Qiwi, Bpay, Poli
Visit BrokerVisit BrokerVisit BrokerVisit BrokerVisit BrokerVisit BrokerVisit BrokerVisit Broker


Gulf brokers is an award winning forex and CFD broker that offers a range of trading instruments for trading on the sophisticated and powerful MT5 trading platform. The broker also offers limited educational resources and trading tools. However, Gulf brokers is an offshore regulated broker. The spreads and the minimum deposit of $500 are high when you compare them to competitors.

Gulf Brokers Logo

Min $500 Deposit

Gulf Brokers is an online broker that offers trading on the award winning MT5 platform in a large number of financial instruments including Forex, CFDs, Commodities, Stocks & Indices.

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

About the Author

Alyaziah Hayat
I had previously been forex trading for about 2 years and I now mainly focus on writing forex-related content. I also deal with cryptocurrencies and other financial assets in this industry. I've dealt with several brokers, assets, EA robots, and everything that this industry has to offer.

Review Methodology

For all of our broker reviews, we research, validate, analyse and compare what we deem to be the most important factors to consider when choosing a broker. This includes pros, cons and an overall rating based on our findings. We aim to help you find the best broker according to your own needs. You can read more about our review process.


If you like our reviews and find them useful, please feel free to share them on your socials as this can help us to continuously improve the website and for traders to find a suitable broker.