Global Broker governance & inquiry App

Score

0123456789
.
0123456789
0123456789
/10
The WikiFX Score of this broker is reduced because of too many complaints!

GULF BROKERS

Seychelles|5-10 years|
Regulated in Seychelles|Retail Forex License|MT5 Full License|High potential risk|Offshore Regulated|

https://www.gulfbrokers.com/

Website

Rating Index

MT4/5 Identification

MT4/5

Full License

GULFBROKERS1-Live

United Kingdom
MT5
2

Influence

C

Influence index NO.1

Indonesia 5.85
The WikiFX Score of this broker is reduced because of too many complaints!

MT4/5 Identification

MT4/5 Identification

Full License

2
Server Name
GULFBROKERS1-Live MT5
Server Location United Kingdom

Influence

Influence

C

Influence index NO.1

Indonesia 5.85

Surpassed 87.56% brokers

Biz AreaSearch StatisticsAdvertisingSocial Media Index

Contact

+44 208 068 9908
info@gulfbrokers.com
https://www.gulfbrokers.com/
Room B11, First Floor, Providence Complex, Providence, Mahe Seychelles. PO BOX 6007

Licenses

VPS Standard
No restriction on the broker account. Support service provided by WikiFX

Single Core

1G

40G

Open Now

Contact number

English

+44 208 068 9908

Russian

442080689909

Broker Information

More

Company Name

GULF BROKERS LTD

Company Abbreviation

GULF BROKERS

Platform registered country and region

Seychelles

Company website
Twitter
Facebook
Instagram

Pyramid scheme complaint

Expose

Check whenever you want

Download App for complete information

Warning: Low score, please stay away! 2
Previous Detection : 2024-04-18
  • The number of the complaints received by WikiFX have reached 6 for this broker in the past 3 months. Please be aware of the risk and the potential scam!
  • The Seychelles FSA regulation with license number: SD013 is an offshore regulation. Please be aware of the risk!

WikiFX Verification

Users who viewed GULF BROKERS also viewed..

XM

9.04
Score
10-15 yearsRegulated in AustraliaMarket Making(MM)MT4 Full License
Official website

GO MARKETS

8.97
Score
Above 20 yearsRegulated in AustraliaMarket Making(MM)MT4 Full License
Official website

Exness

8.37
Score
10-15 yearsRegulated in CyprusMarket Making(MM)MT4 Full License
Official website

KCM Trade

7.74
Score
5-10 yearsStraight Through Processing(STP)MT4 Full License
Official website
Pyramid scheme complaint
Expose

GULF BROKERS · Company Summary

Risk Warning

Trading in leveraged products carries a high level of risk and may not be suitable for all investors. The past performance of an investment is no guide to its performance in the future. Investments or investment income can fluctuate. You may not necessarily get the amount you invested in the beginning as a return.

General Information & Regulation

Feature Information
Registered Country/Region Seychelles
Found 2017
Regulation Offshore regulated by FSA
Market Instrument CFDs on Forex, Shares, Commodities, Indices
Account Type N/A
Demo Account Yes ($100k virtual capital)
Maximum Leverage 1:500
Spread (EUR/USD) From 3 pips
Commission Vary on the asset class
Trading Platform MT5
Minimum Deposit $500
Deposit & Withdrawal Method debit/credit cards (Visa/MasterCard)

Founded in 2017, GULF BROKERS is an online broker and is a limited liability company offshore regulated as a Securities Dealer by the Seychelles Financial Services Authority of Seychelles (FSA) with license number SD013 and with company number 8417634-1 to carry out certain categories of financial investment business as permitted under the Seychelles Securities Act 2007.

Here is the home page of this brokers official site:

home page

As for regulation, GULF BROKERS is offshore regulated by The Seychelles Financial Services Authority (FSA). That is why its regulatory status on WikiFX is listed as “Offshore Regulatory” and receives a relatively low score of 3.34/10. Please be aware of the risk.

General Information & Regulation

Note: The screenshot date is February 8, 2023. WikiFX gives dynamic scores, which will update in real-time based on the broker's dynamics. So the scores taken at the current time do not represent past and future scores.

Market Instruments

GULF BROKERS offers clients the ability to trade on a wide range of financial CFD instruments covering Forex, Shares, Indices and Commodities.

Account Types

GULF BROKERS seems to only offer one live account type. It also offers free demo accounts with $100k virtual capital.

Leverage

GULF BROKERS offers the Forex & CFD Account, which enables the trading of all the financial instruments on Gulf Brokers, the Islamic Account designed for Muslim clients as well as the Demo Account. The maximum leverage is up to 1:500.

It is important to keep in mind that the greater the leverage, the greater the risk of losing your deposited capital. The use of leverage can both work in your favour and against you.

Spreads & Commissions

The spread for EUR/USD and USD/JPY is 3 pips, which is the starting spread at GULF BROKERS. The spread for EUR/JPY is 4 pips. Trading costs vary between each market with Forex, Indices and Commodities being commission-free and share trading being commission-based with a minimum of 20 USD or 0.5% of the volume traded.

Trading Platform

GULF BROKERS provides investors with the MetaTrader5 platform for Web, Windows and Mobile. This trading terminal is highly praised by traders and brokers alike due to its ease of use and great functionality. The MT5 offers top-notch charting and flexible customization options. It is especially popular for its automated trading bots, a.k.a. Expert Advisors.

Deposit & Withdrawal

GULF BROKERS offers fee-free deposits and withdrawals via debit/credit cards (Visa/MasterCard). The first-time minimum deposit on Gulf Brokers is $500. Withdrawals involve filling out an online withdrawal request form on the website. No fees are charged on deposits and withdrawals.

Deposit & Withdrawal logos

The Maintenance Fee will be charged if there are no transactions (deposits, withdrawals or trading activity) on your Trading Account for at least one (1) month or more.

Customer Support

Clients can get their questions, comments and concerns about GULF BROKERS‘ services attended to by customer service 24 hours daily on weekdays. They can be contacted by phone: +44 208 068 9908, email: support@gulfbrokers.com or the ’contact us‘ form on the broker’s website. You can also follow this broker on social networks such as Twitter, Facebook and Instagram.

Pros & Cons

Pros Cons
• Wide range of trading assets • Offshore regulated by FSA
• Demo accounts available • Regional restrictions
• MT5 supported • High minimum deposit ($500)
• Limited funding options

Frequently Asked Questions (FAQs)

Q 1: Is GULF BROKERS regulated?
A 1: No. GULF BROKERS is offshore regulated as a Securities Dealer by the Seychelles Financial Services Authority of Seychelles (FSA).
Q 2: At GULF BROKERS, are there any regional restrictions for traders?
A 2: Yes. GULF BROKERS does not offer its services to the residents of certain jurisdictions such as 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.
Q 3: Does GULF BROKERS offer demo accounts?
A 3: Yes. GULF BROKERS offers free demo accounts with $100k virtual capital.
Q 4: Does GULF BROKERS offer the industry-standard MT4 & MT5?
A 4: Yes. GULF BROKERS supports MT5.
Q 5: What is the minimum deposit for GULF BROKERS
A 5: The minimum initial deposit to open an account is $500.
Q 6: Is GULF BROKERS a good broker for beginners?
A 6: No. GULF BROKERS is not a good choice for beginners. Not only because of its unregulated condition, but also because of its high initial deposit requirement.

News

Best performing stocks through the first half of 2023

NewsBest performing stocks through the first half of 2023

2023-07-10 11:16

The performance of Wall Street in the initial six months of 2023 has been notably impressive. The Nasdaq, predominantly composed of technology stocks, recorded its strongest performance in the first half of a year in the past four decades, experiencing a substantial surge of 31.73% year-to-date. This article aims to examine the top five entities that have emerged as winners in the stock market during the initial half of 2023.

WikiFX
2023-07-10 11:16
News
Best performing stocks through the first half of 2023
June 14th big day for USD: Will the bulls or the bears win the day?

NewsJune 14th big day for USD: Will the bulls or the bears win the day?

2023-06-14 10:00

The Federal Reserve interest rate decision is just one week away, and the price of the US Dollar Index (DXY) – which measures the value of the USD against a group of other currencies – is looking pretty neutral with a bit of a bullish leaning. So, things are looking okay for now – fingers crossed!

WikiFX
2023-06-14 10:00
News
June 14th big day for USD: Will the bulls or the bears win the day?
Internationalization of INR: Indian rupee gaining global recognition

NewsInternationalization of INR: Indian rupee gaining global recognition

2023-04-03 10:16

India's rupee trade settlement mechanism, which was set up by the Reserve Bank of India in July 2022, is attracting interest from more countries apart from Russia.

WikiFX
2023-04-03 10:16
News
Internationalization of INR: Indian rupee gaining global recognition
5 stocks you should add to your watchlist now

News5 stocks you should add to your watchlist now

2023-02-15 14:42

The best chance of outlasting a bear market is by investing in quality businesses at attractive valuations. Stocks started this year on a positive note in hopes that cooling inflation may allow the Fed to take it easier on rates. However, markets still face a lot of headwinds like rising interest rates and an impending recession. This article would explore 5 stocks you should add to your watchlist now.

WikiFX
2023-02-15 14:42
News
5 stocks you should add to your watchlist now

User Reviews

Sort by content

  • Sort by content
  • Sort by time

User comment

4

Comments

Write a review

FX1287201128
more than one year
I give Gulf Broker five stars, for its fast deposit and withdrawal. Never have any issues or problems, Kim is always here to solve my problems, thank you.
2023-02-24 15:26
Reply
0
0
FX1229335420
more than one year
I've been using other broker's trading apps, but It's frustrating when you see price moves manipulated. But with GULF BROKERS, it's been a while trading with mobile apps and even on my desktop. With my demo account, no issues were found. Market execution is great. Thanks to the team and the management. God Bless.
2023-02-15 16:31
Reply
0
0
创意窗饰
more than one year
I used this broker one year ago, and I think it is an excellent broker. Educational resources and tools are very friendly to beginners, like me. Their customer support team were very patient and professional to help me complete my trades at the very beginning. I remember I made a profits of $1286 on this platform, and I withdrew my profits quickly. I would definitely give it five stars!
2022-12-02 12:28
Reply
0
0
Watha Rengratkit
more than one year
Very shady brokers! As long as you don't have a transaction on your account in a month, you'll be charged a $10 monthly maintenance fee. That's just too much! While most brokers do charge a maintenance fee, it's usually only charged if the account has been inactive for six months or a year, and the fee isn't usually that high.
2022-12-02 10:23
Reply
0
0
6
TOP
Select Country/District
United States
※ The content of this website abides with local laws and regulations.
You are visiting the WikiFX website. WikiFX Internet and its mobile products are an enterprise information searching tool for global users. When using WikiFX products, users should consciously abide by the relevant laws and regulations of the country and region where they are located.
consumer hotline:006531290538
Official Email:support@wikifx.com;
Mobile Phone Number:234 706 777 7762;61 449895363
Telegram:+60 103342306
Whatsapp:+852-6613 1970;
License or other information error corrections, please send the information to:qawikifx@gmail.com
Cooperation:fxeyevip@gmail.com