GULF TRADER Spreads, leverage, minimum deposit Revealed

WikiFX | 2024-10-31 18:50

Abstract：Based in UK and Established in 2000, Gulftrader is a company that purportedly deals in forex, cryptocurrency, shares, commodities and indices. However, Gulftrader operates without regulatory oversight from any reputable financial body.

　　Note: GULF TRADER's official website: https://gulftrader.com/ is currently inaccessible normally.

GULF TRADERReview Summary
Founded	2017
Registered Country/Region	United Kingdom
Regulation	Unregulated
Market Instruments	Forex, indices, stocks, crypto coins, shares
Demo Account	/
Leverage	Up to 1:400
Spread	From 1.5 pips
Trading Platform	Web-based
Min Deposit	$500
Customer Support	Phone: + 44-20-3807-7051
Customer Support	Email: support@gulftrader.com

　　Based in UK and Established in 2000, Gulftrader is a company that purportedly deals in forex, cryptocurrency, shares, commodities and indices. However, Gulftrader operates without regulatory oversight from any reputable financial body.

Pros and Cons

Pros	Cons
Various trading instruments	Not regulated
	Inaccessible website
	No MT4/5

Is GULF TRADER Legit?

　　GULF TRADER is not regulated and the website is not available.

What Can I Trade on GULF TRADER?

　　GULF TRADER offers 5 trading asset classes, including forex, indices, stocks, crypto coins, shares.

Tradable Instruments	Supported
Forex	✔
Indices	✔
Stocks	✔
Crypto coins	✔
Shares	✔
ETFs	❌
Bonds	❌
Mutual Funds	❌

Leverage

　　GULF TRADER offers a leverage of up to 1:400, which is quite high.

Spreads

　　GULF TRADER offers the spreads of 1.5 pips.

Trading Platform

　　GULF TRADER claims of offering a web-based trading platform.

Deposit and Withdrawal

　　Gulftrader takes credit cards as well as wire transfers.The minimum deposit the broker offering is $500. This is much higher than the industry average too, which typically moves around the $100-200 mark. However, information regarding deposit and withdrawal methods, fees, and processing time is unclear.