Score

1.50 /10
Danger

GULF BROKERS

Seychelles

5-10 years

Suspicious Regulatory License

High potential risk

Add brokers

Comparison

Expose

Exposure

Open Account
Website

Score

Regulatory Index0.00

Business Index6.89

Risk Management Index0.00

Software Index4.00

License Index0.00

Open Account
Website

Licenses

No valid regulatory information, please be aware of the risk

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

Single Core

1G

40G

open now

Broker Information

More

Company Name

GULF BROKERS DMCC

Company Abbreviation

GULF BROKERS

Platform registered country and region

Seychelles

Company website

X

Facebook

Instagram

Company summary

Pyramid scheme complaint

Expose

Check whenever you want

Download App for complete information

Warning: Low score, please stay away! 2
Previous Detection : 2024-11-10
  • It has been verified that this broker currently has no valid regulation. Please be aware of the risk!
  • The current information shows that this broker does not have a trading software. Please be aware!

WikiFX Verification

GULF BROKERS · Company summary
Aspect Details
Company Name GULF BROKERS
Registered Country/Area Seychelles
Founded Year 2-5 years
Regulation Unregulated
Products and Services Forex, shares, commodities, cryptocurrencies
Minimum Deposit $20,000 for Silver Account; $50,000 for Gold; $200,000 for Platinum; $500,000 for Diamond
Maximum Leverage 1:500
Trading Platforms MetaTrader 5 (MT5)
Deposit & Withdrawal Minimum deposits: Silver Account at $20,000; Gold Account at $50,000; Platinum Account at $200,000 and Diamond Account at $500,000.
Educational Resources Online Trading Academy with courses from beginner to advanced levels
Customer Support 24/5 support via email, phone, online forms; physical offices in Seychelles

Overview of GULF BROKERS

GULF BROKERS is a brokerage and investment company headquartered in Seychelles. Although it is not formally regulated, it still offers a wide range of financial services. The company provides diverse trading opportunities using the advanced MetaTrader 5 platform, including Forex, CFDs on stocks, commodities, and indices. Additionally, GULF BROKERS offers educational resources through its Online Trading Academy and provides comprehensive customer support.

Overview of GULF BROKERS

Regulatory Status

GULF BROKERS lacks valid regulatory information, indicating that the platform may not be officially regulated by any financial authority. This status could expose investors to higher risks of fraud and a lack of legal protection.

Regulatory Status

Pros and Cons

Pros Cons
1-minute registration process Lack of regulation
Free $100,000 demo account High minimum deposit requirements
No deposit and withdrawal fees
800+ trading instruments

Pons:

  1. 1-minute registration process: GULF BROKERS offers a one-minute registration feature that greatly facilitates new users to start trading quickly, making it extremely attractive for traders who want to enter the market swiftly.

  2. Free $100,000 Demo Account: The platform provides a free demo account that offers a risk-free environment for beginners, as well as allows experienced traders to safely test new strategies. This is a very valuable tool for learning and testing.

  3. No Deposit and Withdrawal Fees: No fees are charged for any deposits and withdrawals, reducing trading costs for traders and encouraging frequent trading activities, thereby enhancing the platforms appeal.

  4. 800+ trading instruments: 800+ trading instruments: GULF BROKERS offers a wide array of over 800 trading instruments, including forex, commodities, stocks, and indices. This extensive range provides traders with numerous opportunities to diversify their investment portfolios and explore different markets.

Cons:

  1. Lack of Regulation: GULF BROKERS operates without formal regulatory oversight, which could expose traders to higher risks of fraud and less legal protection in dispute cases.

  2. High Minimum Deposit Requirements: The platform's account types require relatively high minimum deposits, which may be prohibitive for small-scale or novice investors.

Pros and Cons

Market Instruments

GULF BROKERS offers 800+ market instruments:

  1. Trade Forex

Forex (FX) trading is the largest and most actively traded market in the world, with daily transactions exceeding $5 trillion. Technological advancements have made Forex trading accessible to smaller investors, offering equal opportunities and lower spreads. GULF BROKERS LTD facilitates Forex trading, enabling traders to capitalize on the vast liquidity and dynamic opportunities in the global market.

  1. Trade Shares

Contracts for Difference (CFD) trading allows investors to engage in the stock market without owning the underlying shares. GULF BROKERS LTD offers CFD trading for major corporations like Apple, Bank of America, eBay, and Google. CFDs provide the ability to open both long and short positions, benefiting from price movements in either direction. They offer narrow spreads and leverage, making trading flexible and user-friendly.

  1. Trade Commodities

Commodity trading offers an excellent opportunity for investors to diversify and strengthen their portfolios. GULF BROKERS LTD provides easy access to the world's leading resource markets with one-click trading. The commodities market offers significant returns and the opportunity to hedge against inflation and economic uncertainties. With GULF BROKERS LTD, traders can easily participate in this exciting market and seize its opportunities.

  1. Trade Indices

Trading indices with GULF BROKERS LTD allows investors to diversify their portfolios by gaining exposure to a broad range of leading companies within specific exchanges. Indices reflect the performance of top shares in these exchanges. An increase in share prices leads to a rise in the index, while a decrease causes a decline. By trading indices, investors can effectively manage risk and leverage the collective performance of major market segments.

Market Instruments
Market Instruments
Market Instruments
Market Instruments

Account Types

Account Type Minimum Deposit Spreads From
Silver Account $20,000 0.015
Gold Account $50,000 0.0125
Platinum Account $200,000 0.01
Diamond Account $500,000 0
  1. Silver Account: GULF BROKERS' Silver Account requires a $20,000 minimum deposit and is suitable for newcomers to active trading or those expanding their market activities. It features no fees on deposits and withdrawals, 24/5 multilingual support, low spreads from 0.015, and up to 1:500 leverage.

  2. Gold Account: With a $50,000 minimum deposit, the Gold Account offers lower transaction charges and spreads from 0.0125, targeting experienced traders seeking better trading conditions and enhanced services for greater profitability.

  3. Platinum Account: The Platinum Account at GULF BROKERS, with a $200,000 minimum deposit, caters to serious investors seeking advanced tools and personalized services. It features spreads from 0.01 and leverage up to 1:500, offering sophisticated market analysis, risk management tools, and premium account management.

  4. Diamond Account: Catering to high-net-worth individuals with a minimum deposit of $500,000, the Diamond Account provides the lowest charges and spreads starting from 0.00. It offers exclusive access to advanced seminars and workshops, plus premium account management, ideal for elite traders aiming for the best trading conditions and extensive learning opportunities.

Account Types

How to Open an Account?

  1. Navigate to the Website: Visit the GULF BROKERS website (https://www.gulfbrokers.com/en/trading/trading-platforms).

How to Open an Account?
  1. Access the Registration Page: Look for a button or link labeled “Join” on the homepage or within the trading platforms section. Click on it to proceed to the registration page.

How to Open an Account?
  1. Fill Out the Registration Form: On the registration page, you'll be presented with a form to fill out your personal information. This typically includes your full name, email address, country of residence, and phone number.

  2. Verify Your Email: After submitting the registration form, GULF BROKERS may send you a verification email to the email address you provided. Check your inbox and follow the instructions in the email to verify your email address.

  3. Provide Additional Information: Depending on regulatory requirements and account type, you may need to provide additional information such as proof of identity and proof of address. Follow the prompts to upload the necessary documents securely.

  4. Agree to Terms and Conditions: Review the terms and conditions of GULF BROKERS and agree to them by checking the box or clicking the appropriate button. This confirms your acceptance of the terms and completes the registration process.

Leverage

GULF BROKERS offers up to 1:500 leverage across all account types. This high leverage provides traders with greater market exposure, allowing them to control larger trades with a smaller capital investment. It is suitable for traders with a higher risk tolerance, especially those who aim to increase their investment returns by amplifying potential gains.

Leverage

Spreads & Commissions

In terms of spreads, GULF BROKERS provides competitive rates that vary by account type: the Silver Account starts with spreads from 0.015, suitable for newer market participants; the Gold Account lowers the spreads to 0.0125 for more seasoned traders; the Platinum Account offers spread starting from 0.01, which is ideal for experienced traders; and the Diamond Account provides the most advantageous conditions with spreads starting from 0, targeting high-net-worth individuals seeking optimal trading terms.

Trading Platform

GULF BROKERS offers MetaTrader 5 (MT5) as its trading platform. Renowned for its modern and comfortable trading environment, MT5 provides diverse access to thousands of financial markets, free market data and news, and a secure trading experience. It features professional technical analysis tools with over 80 indicators, comprehensive fundamental analysis capabilities, and an advanced strategy tester for optimal performance. With multi-currency and multi-language support, MT5 is accessible on all popular mobile platforms, making it a versatile choice for traders worldwide.

Trading Platform

Deposit & Withdrawal

Although GULF BROKERS claims on its official website that there are no fees for deposits and withdrawals, the platform still imposes varying minimum deposit requirements for different account types. Specifically, the Silver Account requires a minimum deposit of $20,000, the Gold Account $50,000, the Platinum Account $200,000, and the Diamond Account requires a minimum deposit of $500,000. These high entry thresholds may limit participation from small-scale or novice investors, particularly those who are new to the trading market and wish to invest at lower risk.

Deposit & Withdrawal

Customer Support

GULF BROKERS provides its clients with 24/5 live support, ensuring that assistance is readily available around the clock.

  1. Email Support: GULF BROKERS provides various email addresses to cater to different needs:

    1. Compliance Email: compliance@gulfbrokers.com

    2. Payments Email: payments@gulfbrokers.com

    3. Introducers Email: introducers@gulfbrokers.com

    4. Sales Email: sales@gulfbrokers.com

    5. Support Email: support@gulfbrokers.com

  2. Phone Support: GULF BROKERS also provides different phone numbers for various needs:

    1. Compliance Phone: +44 20 3947 6191

    2. Payments Phone: +44 20 3947 6191

    3. Introducers Phone: +44 20 3947 6191

    4. Sales Phone: +44 20 3947 6191

    5. Support Phone: +44 20 3885 7310

  3. Form Support: GULF BROKERS offers online form support. Customers can submit their name, email, and message through the “Quick Message” feature on the website, sending it directly to the support team for a quick response.

  4. Physical Locations: GULF BROKERS has two main offices for customer contact:

    • Address: Office 2, Suite C, 2nd Floor, Orion Mall, Victoria, Mahe, Seychelles. PO Box 136

    • Phone: +44 20 3947 6191

    • Address: Room B11, First Floor, Providence Complex, Providence, Mahe, Seychelles. PO BOX 6007

    • Phone: +44 20 3947 6191

    1. Main Office:

    2. Legal Office:

Customer Support

Educational Resources

GULF BROKERS provides an Arabic Online Trading Academy with English subtitles, offering educational resources for those interested in financial and capital markets. With a focus on customer satisfaction and values like honesty and teamwork, GULF BROKERS aims to make complex trading concepts accessible to a wider audience while maintaining high-quality content. The academy covers topics ranging from beginner to advanced levels, including technical indicators, trading strategies, and tips for avoiding scams. These resources empower traders with the knowledge and skills needed for successful trading.

Educational Resources

Conclusion

GULF BROKERS offers a comprehensive trading platform utilizing MetaTrader 5, catering to a diverse range of traders with services in forex, stocks, commodities, and cryptocurrencies. The brokerage provides multiple account types with varying minimum deposits suitable for different levels of traders, from beginners to high-net-worth individuals.

While the platform boasts advanced trading tools, 24/5 customer support, and educational resources through its Online Trading Academy, due to its unregulated status, this could expose users to higher risks of fraud and less legal protection.

FAQs

Q: How do I start trading with GULF BROKERS?

A: Visit the website, register by clicking “Join,” fill out the form, verify your identity, set up your account, deposit funds, and activate your account via email.

Q: What trading platform does GULF BROKERS use?

A: GULF BROKERS utilizes MetaTrader 5 (MT5), known for its advanced technical analysis tools and multi-currency support.

Q: What types of accounts does GULF BROKERS offer?

A: They offer Silver, Gold, Platinum, and Diamond accounts, each with different minimum deposits starting from $20,000 to $500,000.

Q: Can I trade cryptocurrencies at GULF BROKERS?

A: Yes, you can trade various cryptocurrencies as well as forex, shares, commodities, and indices.

Q: Does GULF BROKERS offer educational resources?

A: Yes, they provide an Online Trading Academy with courses ranging from beginner to advanced levels.

News

NewsWIKIFX REPORT: Gulf Brokers DMCC wins best ECN Broker Award at Dubai Forex Expo 2021

Gulf Brokers DMCC has been operating for more than 13 years and provides its investment services to both retail traders and institutional traders

WikiFX
2022-06-21 12:00
WIKIFX REPORT: Gulf Brokers DMCC wins best ECN Broker Award at Dubai Forex Expo 2021

User Reviews

More

User comment

0

Comments

Write a review

No comment yet

start to write first comment