GULFBULLS

Note: For some unknown reason, we cannot open GULFBULLS official site (https://www.gulfbulls.com/) while writing this introduction, therefore, we could only gather relevant information from the Internet to present a rough picture of this broker. Traders should be careful about this issue.

General Information & Regulation

GULFBULLS is allegedly a forex broker registered in the United Kingdom that claims to provide its clients with various tradable financial instruments with leverage up to 1:500 and floating spreads from 0.2 pips on the industry-standard MetaTrader5 trading platform.

As for regulation, it has been verified that GULFBULLS does not fall under any valid regulations. That is why its regulatory status on WikiFX is listed as “No License” and it receives a relatively low score of 1.54/10. Please be aware of the risk.

Negative Reviews

A trader shared his terrible trading experience on the GULFBULLS platform at WikiFX. He said he was unable to withdraw. It is necessary for traders to read reviews left by some users before choosing forex brokers, in case they are defrauded by scams.

Market Instruments

GULFBULLS advertises that it offers access to a wide range of trading instruments in financial markets, including forex, commodities, energies and indices.

Leverage

The leverage provided by GULFBULLS is capped at 1:500. It is important to keep in mind that the greater the leverage, the greater the risk of losing your deposited capital. The use of leverage can both work in your favour and against you.

Spreads

As tested on the MT5 account of GULFBULLS, we found the spread is only 0.2 pips.

Trading Platform Available

The platform available for trading at GULFBULLS is the worlds leading MetaTrader5. In any case, we recommend using MT4 or MT5 for your trading platform. Forex traders praise MetaTrader's stability and trustworthiness as the most popular forex trading platform. Expert Advisors, Algo trading, Complex indicators, and Strategy testers are some of the sophisticated trading tools available on this platform. There are currently 10,000+ trading apps available on the Metatrader marketplace that traders can use to improve their performance. By using the right mobile terminals, including iOS and Android devices, you can trade from anywhere and at any time through MT4 and MT5.

Deposit & Withdrawal

The GULFBULLS website claims that credit cards, Bitcoin and UnionPay can be used for deposits and withdrawals. On the deposit menu, the options look different – a bank transfer, cards through the Stripe 1 and Razorpay providers and Bitcoin. The minimum initial deposit requirement is said to be $150 and the maximum deposit amount is $8,000.

Customer Support

GULFBULLS customer support can be reached by telephone: +447888863854, email: support@gulfbulls.com. Company address: INTERNATIONAL HOUSE 61 MOSLEY STREET MANCHESTER UNITED KINGDOM M2 3HZ.

Risk Warning

Online trading involves a significant level of risk and you may lose all of your invested capital. It is not suitable for all traders or investors. Please ensure that you understand the risks involved and note that the information contained in this article is for general information purposes only.