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Offshore Regulated
Score
4.31 /10
Average
GBE
Within 1 yearRegulated in Seychelles
Retail Forex License
Medium potential risk
Offshore Regulated
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Website
Score
Regulatory Index3.92
Business Index3.43
Risk Management Index7.63
Software Index4.00
License Index3.92
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Website
Licenses
VPS Standard
No restriction on the broker account. Support service provided by WikiFX
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WikiFX Risk Alerts
3
Previous Detection :
2024-09-30
- The CyprusCYSEC regulation (license number: 240/14) claimed by this broker is suspected to be clone. Please be aware of the risk!
- The Seychelles FSA regulation with license number: SD176 is an offshore regulation. Please be aware of the risk!
WikiFX Verification
GBE Information
Regulated by FSA, GBE is an online forex and CFD broker that offers a user-friendly MetaTrader 5 platform for trading various assets, including forex, commodities, indices, and cryptocurrencies. While multiple account types and a demo account are provided for different experience levels, GBE is an offshore regulated firm. Besides, the minimum deposit is relatively high.
Pros and Cons
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Is GBE Legit?
GBE is officially licensed and offshore regulated by the Seychelles Financial Services Authority（FSA） in Seychelles under Retail Forex License with the number SD176.
What Can I Trade on GBE?
GBE offers diverse trading instruments, allowing you to invest in global markets. You can trade many asset classes such as forex, indices, metals, energies, futures, equities, and cryptocurrencies.
| Tradable Instruments | Supported |
| Forex | ✔ |
| Commodities | ✔ |
| Stock | ✔ |
| Indices | ✔ |
| Cryptocurrency | ✔ |
| Metals | ✔ |
| Stock | ❌ |
Account Type
GBE offers three live trading account types, including Classic, Plus, and VIP, as well as a demo account to try for free. All account types offer the same maximum leverage of 1:400 and have no commission for trading Forex symbols (EURUSD), cryptocurrencies, indices, and more.
| Account Type | Minimum Deposit | Commission Forex c-symbols (EURUSDC) | Other Key Features |
| GBE Classic | 1,000 EUR/USD/CHF | 6.50€/7.00$/7.00CHF | Lower minimum deposit, good for beginners |
| GBE Plus | 10,000 EUR/USD/CHF | 6.00€/6.50$/6.50CHF | Lower commission for c-symbols, higher minimum deposit |
| GBE VIP | 100,000 EUR/USD/CHF | 5.50€/6.00$/6.00CHF | Lowest commission for c-symbols, highest minimum deposit |
GBE Fees
GBE employs a tiered system, offering benefits like lower commissions for higher deposit amounts. The variable spreads starting from 0 pip, especially for EURUSDc pairs, are generally competitive in the market. GBE supports cryptocurrency trading with a consistent 0.2% commission across all account types. The high leverage of 1:400 can cause both profits and losses, thus managing risks is very important.
| Account Type | Minimum Deposit | Base Currency | Spread (EURUSDc) | Commission (EURUSDc) | Leverage | Crypto Commission |
| GBE Classic | 1,000 EUR/USD/CHF | EUR, USD, CHF | from 0.00 | 6.50€/7.00$/7.00CHF | 1:400 | 0.2% (HT) |
| GBE Plus | 10,000 EUR/USD/CHF | EUR, USD, CHF | from 0.00 | 6.00€/6.50$/6.50CHF | 1:400 | 0.2% (HT) |
| GBE VIP | 100,000 EUR/USD/CHF | EUR, USD, CHF | from 0.00 | 5.50€/6.00$/6.00CHF | 1:400 | 0.2% (HT) |
Trading Platform
| Trading Platform | Supported | Available Devices | Suitable for |
| Metatrader 5 | ✔ | PC and Mobile | Investors of all experience levels |
Deposit and Withdrawal
GBE charges a fee of 0.15% for deposits and withdrawals with Absa Bank. If you pay with payabl, the fee is free of charge. The minimum deposit is $500.
Deposit Options
| Deposit Options | Min. Deposit | Fees | Processing Time |
| Absa Bank | 500 EUR/USD/CHF | 0.15% (min. 15 EUR/ 20 USD) | 1-4 bank working days |
| payabl | 500 USD | Free of charge* | 1-4 bank working days |
Withdrawal Options
| Withdrawal Options | Min. Withdrawal | Fees | Processing Time |
| Absa Bank | N/A (likely depends on the amount in your account) | 0.15% (min. 15 EUR/ 20 USD) | 1-4 business days |
| payabl | N/A (likely depends on the amount in your account) | Free of charge* | 1-4 business days |
Customer Service
You can reach out to GBE 7/24 by email at support@gbebrokers.global or by phone at +971 524 50 41 86.
| Contact Options | Details |
| Phone | +971 524 50 41 86 |
| support@gbebrokers.global | |
| Support Ticket System | ❌ |
| Online Chat | ✔ |
| Social Media | Facebook, Instagram, Twitter, YouTube, etc |
| Supported Language | English |
| Website Language | English |
| Physical Address | GBE Global LtdCT House, Office 9A, Providence, Mahe, Seychelles |
The Bottom Line
GBE offers a user-friendly MetaTrader 5 platform and multiple tradable assets, making it attractive for beginners and experienced traders alike. Nonetheless, regulation by the FSA is seen as less stringent than from other main regulatory authorities. And the minimum deposit amount is relatively high. While GBE is be suitable for experienced traders who are experienced in dealing with the risks of an offshore regulatory environment.
FAQs
Is GBE a regulated broker?
Yes, GBE is regulated by the Seychelles Financial Services Authority (FSA).
What is the minimum deposit to open a GBE account?
The minimum deposit depends on the type of account. The Classic account generally demands a lower minimum deposit compared to the Plus and VIP accounts.
What trading platforms does GBE offer?
GBE primarily offers the MetaTrader 5 (MT5) trading platform. MT5 is a popular choice among traders due to its advanced features and customization options.
Risk Warning
There is a risk involved when trading online, which may not be suitable for all clients. You should make sure you understand the risks involved and be aware of the information above from this review.
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