GBE Forex Broker
Basic Information
Cyprus
10-15 years Regulated in Cyprus Regulated in Seychelles Market Maker (MM) Retail Forex License MT4 Full License MT5 Full License Medium potential risk Offshore RegulatedCompany profile
Rating Index
Raiffeisen Bank
PayPal
GBE Forex Broker - Complete Information Guide
1. Broker Overview
GBE Brokers, established in 2013, is a well-regarded forex and CFD broker headquartered in Limassol, Cyprus. Operating under the regulatory oversight of the Cyprus Securities and Exchange Commission (CySEC), GBE Brokers serves a diverse clientele that includes both retail and institutional traders. The company has solidified its presence in the financial markets by offering a range of trading services and maintaining a strong commitment to compliance and security.
Since its inception, GBE Brokers has focused on providing trading solutions that cater to the needs of individual traders as well as institutional clients. Over the years, the broker has achieved several milestones, including the introduction of multiple account types and advanced trading platforms. The company operates as a private entity, not publicly traded, which allows it to maintain flexibility in its operations and service offerings.
The broker primarily focuses on retail forex and CFD trading, providing clients with access to a broad spectrum of trading instruments, including currency pairs, commodities, indices, and cryptocurrencies. GBE Brokers has built a reputation for reliability and efficiency, making it a preferred choice for traders seeking competitive trading conditions and robust support.
2. Regulation and Compliance Information
GBE Brokers is licensed and regulated by the Cyprus Securities and Exchange Commission (CySEC), with the license number 240/14. The regulatory framework under which GBE operates is designed to ensure a high level of investor protection and market integrity.
The broker adheres to the Markets in Financial Instruments Directive (MiFID II), which allows it to provide services across the European Economic Area (EEA). This regulation mandates stringent compliance measures, including the segregation of client funds in separate accounts to ensure that traders' capital is protected in the event of insolvency.
In addition to CySEC, GBE Brokers is also registered with the Federal Financial Supervisory Authority (BaFin) in Germany, further enhancing its credibility and compliance with European financial regulations. The company participates in the Investor Compensation Fund (ICF), which provides additional protection to clients by compensating them up to €20,000 in case of the broker's inability to return their funds.
GBE Brokers implements robust Know Your Customer (KYC) and Anti-Money Laundering (AML) measures, ensuring that all clients undergo verification processes that comply with international standards.
3. Trading Products and Services
GBE Brokers offers a comprehensive range of trading products, focusing primarily on forex and CFDs. The broker provides access to over 71 currency pairs, including major, minor, and exotic pairs, catering to various trading strategies and preferences.
In addition to forex, GBE Brokers offers a variety of CFD products across several asset classes, including:
- Indices: Major global indices for diversified exposure.
- Commodities: Trading options for popular commodities such as gold, silver, and oil.
- Cryptocurrencies: A selection of cryptocurrency CFDs for traders interested in digital assets.
- Stocks: CFDs on individual stocks from various markets, allowing traders to speculate on company performance without owning the underlying shares.
The broker frequently updates its product offerings to keep pace with market trends and client demand, ensuring that traders have access to the latest investment opportunities. GBE Brokers also provides retail trading services, allowing individual traders to access the markets with competitive spreads and various account types tailored to their needs.
For institutional clients, GBE Brokers offers tailored solutions, including white-label services and asset management options, ensuring that they can meet the specific requirements of their business models.
4. Trading Platforms and Technology
GBE Brokers provides its clients with access to industry-standard trading platforms, namely MetaTrader 4 (MT4) and MetaTrader 5 (MT5). These platforms are renowned for their advanced trading capabilities, user-friendly interfaces, and extensive analytical tools, making them suitable for both novice and experienced traders.
The broker does not offer a proprietary trading platform; instead, it focuses on enhancing the user experience within the MT4 and MT5 environments. Both platforms support various features, including:
- Automated Trading: Clients can utilize Expert Advisors (EAs) for algorithmic trading strategies.
- Mobile Trading: GBE Brokers offers mobile applications for both iOS and Android devices, enabling traders to manage their accounts and execute trades on the go.
- Web-based Trading: A web trader option allows clients to trade without the need for software downloads, providing flexibility and convenience.
The broker's trading infrastructure is robust, with servers located in strategic locations to ensure low latency and fast execution speeds. GBE Brokers also supports API access, allowing advanced traders to integrate their trading systems with the brokers technology for automated trading solutions.
5. Account Types and Trading Conditions
GBE Brokers offers two main account types to cater to different trading needs:
- GBE Classic Account:
- Minimum Deposit: $1,000
- Spread: Fixed spreads starting from 0.7 pips
- Commission: None
- Leverage: Up to 1:30 for forex and CFDs
- GBE Plus Account:
- Minimum Deposit: $500
- Spread: Fixed spreads starting from 2.0 pips
- Commission: None
- Leverage: Up to 1:30 for forex and CFDs
- Bank Transfers
- Credit/Debit Cards
- E-wallets: Including Neteller and Skrill
- Email Support
- Live Chat
- Telephone Support
- Webinars
- Tutorials
- Market Analysis Reports
Both accounts allow a minimum trade size of 0.01 lots and provide access to the full range of trading instruments offered by the broker. GBE Brokers also offers a demo account for traders to practice their strategies without financial risk.
The broker does not charge an inactivity fee, which is beneficial for traders who may not trade frequently. However, overnight fees may apply, depending on the positions held.
6. Fund Management
GBE Brokers supports a variety of deposit and withdrawal methods to facilitate smooth transactions for its clients. The available funding options include:
The minimum deposit requirement varies by account type, with the GBE Classic Account requiring a minimum of $1,000 and the GBE Plus Account requiring $500. All deposits are processed promptly, typically within a few hours, while bank transfers may take longer, depending on the banks involved.
GBE Brokers does not charge deposit fees, making it cost-effective for traders to fund their accounts. However, withdrawal fees may apply depending on the method chosen, and clients should check the specific conditions for their preferred withdrawal method.
Withdrawals are processed within 1 to 3 business days, and clients are advised to ensure that their withdrawal method matches the account base currency to avoid additional conversion fees.
7. Customer Support and Educational Resources
GBE Brokers provides comprehensive customer support to assist clients with their inquiries and trading needs. The available support channels include:
The support team is accessible during business hours, and the broker also offers multilingual support, including languages such as English, German, Arabic, and Spanish.
In terms of educational resources, GBE Brokers offers a variety of materials aimed at enhancing traders' knowledge and skills, including:
Traders can also access trading tools such as economic calendars, calculators, and market news to aid their trading decisions.
8. Regional Coverage and Restrictions
GBE Brokers primarily serves clients from various regions, including Europe, Asia, and the Middle East. The broker has offices in Limassol, Cyprus, and Hamburg, Germany, allowing it to cater to a broad client base effectively.
However, GBE Brokers does not accept clients from certain jurisdictions, including the United States and Canada, due to regulatory restrictions. This ensures compliance with local laws and regulations governing trading activities.
In conclusion, GBE Brokers stands out as a reliable and well-regulated forex broker, offering a range of trading products and services tailored to meet the needs of individual and institutional clients alike. With its robust trading platforms, competitive trading conditions, and commitment to customer support, GBE Brokers is well-positioned to support traders in their financial endeavors.
Te Fuir
United Kingdom
Excellent trading conditions! I have been trading with this broker recently and am very pleased with the conditions that are completely satisfactory. As a trader, I always pay attention to spreads, tools that the broker provides and, of course, withdrawals. All these conditions satisfied me, so I work with pleasure!
Positive
2023-03-15