GBE Forex Broker provides real users with 1 positive reviews, * neutral reviews and * exposure review!
Risk Control
License
CYSEC Regulated 
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!
Summary: GBE Brokers has established itself as a reputable player in the forex and CFD trading arena since its inception in 2013. The broker is regulated by the Cyprus Securities and Exchange Commission (CySEC), offering a variety of trading instruments and competitive trading conditions. However, user reviews suggest mixed experiences, particularly regarding customer support and educational resources.
Note: It's essential to consider that GBE operates under different entities across regions, which can affect the services and regulations applicable to users. This review aims to provide a fair and accurate assessment based on various sources.
| Category | Rating (out of 10) |
|---|---|
| Account Conditions | 7 |
| Tools and Resources | 6 |
| Customer Service & Support | 5 |
| Trading Experience | 6 |
| Trustworthiness | 7 |
| User Experience | 6 |
| Overall | 6.5 |
We rate brokers based on comprehensive research, user feedback, and expert opinions.
Founded in 2013, GBE Brokers is a Cyprus-based forex and CFD broker regulated by the Cyprus Securities and Exchange Commission (CySEC) under license number 240/14. The broker primarily serves the European market but has expanded its reach globally. GBE offers trading through the popular MetaTrader 4 (MT4) and MetaTrader 5 (MT5) platforms, allowing users to trade a variety of assets, including forex, CFDs, and cryptocurrencies.
GBE Brokers is regulated by CySEC, which provides a level of security for traders. However, it's worth noting that the broker has faced scrutiny from various regulatory bodies, including a warning from Indonesia's Bappebti regarding illegal trading practices. Traders should ensure they understand the implications of these regulatory issues before engaging with GBE.
GBE supports multiple deposit and withdrawal methods, including credit cards, bank transfers, Skrill, and Neteller. The minimum deposit required to open an account is $500, which may be a barrier for some traders. Withdrawals are generally processed within a few business days, but fees may apply depending on the method used.
Currently, GBE does not offer any sign-up bonuses or promotions. This could be a drawback for traders who are looking for incentives to join a new platform.
GBE offers a range of tradable assets, including over 70 forex pairs, various CFDs on indices, commodities, and cryptocurrencies. However, the total number of available instruments is somewhat limited compared to other brokers, which may deter traders looking for a broader selection.
The cost structure at GBE is competitive, with spreads starting from 0.0 pips on certain accounts. However, commissions apply for raw spread accounts, which may not be ideal for all traders. It's crucial for users to review the fee structure carefully to understand the total costs associated with their trading activities.
GBE offers a maximum leverage of 1:30 for retail clients, which is in line with ESMA regulations. Professional clients may access higher leverage options, but this comes with increased risk.
GBE supports both MT4 and MT5, known for their user-friendly interfaces and advanced trading features. However, the absence of a proprietary platform may limit some traders who prefer a custom-built solution.
While GBE operates in many countries, it is essential to check for any restrictions based on your location. Some regions may not have access to specific services or trading instruments.
GBE provides customer support in multiple languages, including English, German, Arabic, and Spanish. However, user feedback suggests that the quality of customer service may not meet expectations, with reports of slow response times and limited support options.
GBE offers a straightforward account structure with two primary account types: GBE Classic and GBE Plus. The minimum deposit requirement of $500 is reasonable, but the lack of a lower-tier account may deter beginner traders.
The trading platforms (MT4 and MT5) provide essential tools for market analysis, but GBE lacks comprehensive educational resources. Many users report that the absence of advanced educational materials is a significant drawback.
User experiences with GBE's customer support are mixed. While some traders report satisfactory assistance, others highlight slow response times and a lack of live chat support as areas needing improvement.
The trading experience on GBE is generally positive, but limitations in available instruments and educational resources may affect overall satisfaction.
As a regulated broker under CySEC, GBE offers a level of security for traders. However, the recent regulatory warnings from Bappebti raise concerns that potential users should consider carefully.
The overall user experience is decent, with a user-friendly trading platform. However, the limited educational resources and customer support issues may detract from the overall satisfaction of new traders.
In summary, GBE Brokers presents a solid option for traders looking for a regulated broker with competitive trading conditions. However, potential users should weigh the limitations in customer support and educational resources against the benefits. As always, it is advisable to conduct thorough research and consider personal trading needs before selecting a broker.
