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GBE brokers Forex broker specializes in providing foreign exchange trading services, the company's official website https://www.discount..., the company's legitimate regulatory information CyprusCYSECMarket Maker (MM) to enhance the security of the company's address

GBE brokers Forex Broker

Basic Information

Registered Region
Cyprus
Operating Period
--
Company Name
GBE Brokers Ltd
Abbreviation
GBE brokers
Company employee
--
Customer Service Email Address
backoffice@discountFX.com
Keywords
5-10 years
Suspicious Regulatory License
Suspicious Scope of Business
High potential risk

Company profile

General Information & Regulation GBE Brokers was originally founded in 2007 as GBE Safepay Transactions Ltd. It became GBE Brokers in 2014 and registered in CySEC in 2016. GBE Brokers Ltd. is regulated by the Cyprus Securities and Exchange Commission (CySEC) under CIF license number 240/14. GBE Brokers offers trading in forex and CFDs not only to individual traders but also provides liquidity services to institutional businesses among which are licensed Forex and CFD brokers. GBE Brokers have offices in Limassol, Cyprus, and Hamburg, Germany. Market Instruments GBE Brokers offer over 70 trading instruments in forex, cryptocurrencies, metals, indices, bonds, commodities, energies, and shares. Leverage GBE Brokers allows maximum leverage of 1: 500. Leveraged product trading magnifies a traders potential profit – but of course, also increases the potential loss. This facility enables traders to get a larger exposure to the market than the amount they deposited to open a trade. Minimum Deposit GBE Brokers offers four live trading account, namely GBE Traditional (a minimum deposit of € 500), GBE Traditional Plus (the minimum deposit of € 500), GBE Raw (the minimum deposit of € 1000), GBE Raw Plus (a minimum deposit of € 500). Objectively speaking, the initial minimum requirements for opening an account set by the broker is relatively higher than most brokers. Spreads & Commissions Spreads in the traditional accounts start at 0.7 and 2 pips while on the raw accounts spreads start at 0.0 pips. For all withdrawal requests, GBE brokers charges 0,15% of the withdrawn amount with a minimum of 15 EUR / 20 USD / 20 CHF. All fees of intermediary banks shall be borne by the client. Trading Platform GBE Brokers offer trading in the popular MetaTrader4 and MetaTrader5 platforms. The broker states that it has improved MT4 and expanded its functions. The new version from GBE Brokers work much faster and has direct access to the interbank market. The MT5 platform offers advanced financial trading functions, as well as professional tools for technical and fundamental analysis. Deposit & Withdrawal Traders are allowed to fund their accounts via payment methods like Hellenic Bank Cyprus, Astro Bank, Sutor Bank Germany, Credit Card, Neteller, Skrill, PayPal (EU resident only). Deposits and withdrawals are usually done within 24 hours if it is received between 09:00 and 18:00 GMT+2, except for bank transfers which take between 1 – 4 business days. Customer Support The GBE Brokers customer support team can be reached in real-time by phone, email, live chat, or the completion of a call option from the website. Educational Resources GBE Brokers offers a selection of free research tools to assist traders in the forex world. With the MT4 Booster Pack, traders can tune up your MT4. It provides an economic calendar that provides useful information about macroeconomic events. A variety of calculators are also available, like position size calculator, margin calculator, pip calculator, pivot point calculator, and a Fibonacci calculator. In addition, the traders have access to Elbblick, which is the brokers weekly market letter with technical chart analysis and a review of the market events of the previous week.

Rating Index

GBE TRADITIONAL

Minimum Deposit
Deposit from 1000 EUR

GBE RAW

Minimum Deposit
Deposit from 1000 EUR
How to login to GBE brokers?
Gbe Brokers Complete Account Guide: Registration, Account Opening, and Login Processes Part One: Account Registration Process How to Register a Gbe Brokers Account Registering for a Gbe Brokers account is the first step toward accessing their trading platform. Follow these detailed steps to ensure a

  

Gbe Brokers Forex Broker - Complete Information Guide

  

1. Broker Overview

  Gbe Brokers, established in 2013, is a regulated online trading platform that specializes in providing services for forex and Contracts for Difference (CFD) trading. The company is headquartered in Limassol, Cyprus, with additional offices in Hamburg, Germany. Gbe Brokers operates as a private entity, focusing primarily on retail forex trading while also catering to institutional clients.

  Since its inception, Gbe Brokers has aimed to offer a user-friendly trading experience, emphasizing transparency and customer support. The company has developed a strong reputation in the financial markets, particularly among German-speaking clients, and has achieved several milestones over the years, including regulatory approval from the Cyprus Securities and Exchange Commission (CySEC).

  Gbe Brokers operates under a market maker and STP (Straight Through Processing) model, allowing it to provide a diverse range of trading instruments to its clients. The broker is dedicated to enhancing its services and product offerings, aligning with the evolving needs of traders.

  

2. Regulation and Compliance Information

  Gbe Brokers is regulated by the Cyprus Securities and Exchange Commission (CySEC), holding license number 240/14. This regulation ensures that the broker adheres to stringent guidelines aimed at protecting investors and maintaining market integrity. The license allows Gbe Brokers to operate within the European Union under the Markets in Financial Instruments Directive (MiFID) framework, enhancing the safety of client funds.

  The broker also participates in the Investor Compensation Fund (ICF), which provides a safety net for clients in the event of the broker's insolvency. Under this scheme, eligible clients can claim compensation up to €20,000 or 90% of their claims, whichever is lower.

  To ensure compliance with international standards, Gbe Brokers follows Know Your Customer (KYC) and Anti-Money Laundering (AML) regulations, requiring clients to verify their identities before engaging in trading activities. This commitment to regulatory compliance helps foster a secure trading environment.

  

3. Trading Products and Services

  Gbe Brokers offers a diverse array of trading products, primarily focusing on forex pairs and CFDs. The broker provides access to over 70 forex pairs, including major, minor, and exotic currencies. In addition to forex, Gbe Brokers also offers trading in various CFD categories, such as:

  • Indices: Major global indices, providing exposure to the stock market's performance.
  • Commodities: Trading options for precious metals like gold and silver, as well as energy products like oil.
  • Cryptocurrencies: Opportunities to trade popular cryptocurrencies, although primarily in derivative form.
  • Stocks: Limited access to trading individual stocks, enhancing the broker's overall product range.

  Gbe Brokers regularly updates its product offerings to meet market demands and client preferences. The broker also provides services tailored for both retail and institutional clients, including liquidity provisioning and white-label solutions.

  

4. Trading Platforms and Technology

  Gbe Brokers supports the popular MetaTrader 4 (MT4) and MetaTrader 5 (MT5) trading platforms, known for their advanced analytical tools and user-friendly interfaces. Both platforms are available for desktop and mobile devices, ensuring traders can manage their accounts conveniently.

  • MetaTrader 4: Offers a comprehensive trading environment with features such as automated trading through Expert Advisors (EAs), customizable indicators, and real-time market analysis.
  • MetaTrader 5: Enhances the trading experience with additional functionalities, including more timeframes, advanced order types, and built-in economic calendars.

  The broker does not offer a proprietary trading platform, but its MT4 and MT5 platforms are well-regarded in the industry. Gbe Brokers provides API access for automated trading, allowing clients to implement algorithmic strategies seamlessly. The broker's technical infrastructure is robust, with servers located in strategic financial hubs to ensure low latency and fast order execution.

  

5. Account Types and Trading Conditions

  Gbe Brokers offers two main account types:

  • Gbe Classic Account:
    • Minimum Deposit: $1,000
    • Spreads: Fixed starting from 0.7 pips
    • Commission: None
    • Leverage: Up to 1:30 for forex trades
    • Gbe Plus Account:
      • Minimum Deposit: $500
      • Spreads: Fixed starting from 2 pips
      • Commission: $8 per lot
      • Leverage: Up to 1:30 for forex trades

        Both accounts allow for a minimum trade size of 0.01 lots and support various trading strategies, including scalping and hedging. Gbe Brokers also provides a demo account for practice, allowing traders to familiarize themselves with the platform without financial risk.

        The brokers overnight fees and margin call policies are in line with industry standards, ensuring transparency in trading conditions.

        

      6. Fund Management

        Gbe Brokers supports a variety of funding methods to facilitate deposits and withdrawals, including:

      • Bank Transfers
      • Credit/Debit Cards
      • E-wallets: Neteller, Skrill, and PayPal (for EU residents)

        The minimum deposit requirement is $500 for the Gbe Plus account and $1,000 for the Gbe Classic account. Deposits are typically processed within 24 hours, while bank transfers may take longer, up to 4 business days.

        Gbe Brokers does not charge deposit fees, but withdrawal requests incur a fee of 0.15% of the amount withdrawn, with a minimum charge of €15 or equivalent. The broker emphasizes the importance of ensuring that the account holder's name matches the bank account used for transactions.

        

      7. Customer Support and Educational Resources

        Gbe Brokers offers comprehensive customer support through multiple channels, including:

      • Email Support
      • Live Chat
      • Phone Support
      • Social Media Channels

        The support team is available 24/5, covering major trading hours, and offers assistance in several languages, including English, German, Arabic, and Spanish.

        While Gbe Brokers provides basic educational resources, it lacks advanced training materials such as webinars or video tutorials. However, traders can access market analysis tools, economic calendars, and trading calculators to enhance their trading strategies.

        

      8. Regional Coverage and Restrictions

        Gbe Brokers primarily serves clients in Germany, Cyprus, and other European countries. The broker has a presence in Hamburg, Germany, and operates under the regulatory framework of both CySEC and BaFin.

        However, Gbe Brokers does not accept clients from the United States and certain other jurisdictions, which may be subject to specific regulatory restrictions. This limitation is in place to ensure compliance with local laws and regulations.

        In summary, Gbe Brokers is a well-regulated broker that offers a variety of trading products and services, supported by robust technology and customer service. With its focus on transparency and client security, Gbe Brokers aims to provide an accessible trading environment for both retail and institutional clients.

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Latest Reviews

Heroic lim

Heroic lim

United Kingdom

From my experience with GBE brokers, I can say that they offer a wide range of trading products and have competitive trading conditions, including low spreads and high leverage. Their platform is stable and easy to use, and they provide convenient options for depositing and withdrawing funds. They are also well-regulated by reputable authorities, ensuring the safety of clients' funds.

Positive

2023-04-04

Heroic lim

Heroic lim

United Kingdom

In terms of customer service, I've always found their support team to be responsive and helpful. They provide support in multiple languages and prioritize the privacy and security of their clients' information. While the website being down is unfortunate, based on my overall experience with GBE brokers, I can confidently say that they are a reliable and trustworthy broker and it's just a technical error.

Positive

2023-04-04

GBE brokers Forex Broker has an overall rating of 1.56, Regulatory Index 0.00, License Index 0.00, Business Index 7.35, Software Index 4.00 Risk Control Index 0.00.
GBE brokers