GBE Information
GBE is founed in 2015 and headquartered in Seychelles, with a branch office in Dubai, UAE. It mainly offers trading services in shares, indices, forex, commodities, bonds, futures and cryptos to global clients. Trades are executed on the industry-leading MT5 platform. There are three tired live accounts, with minimum deposit requirement of a high 1,000 EUR/USD/CHF.
Additionally, the broker implements fund segregation to protect client assets. Trading tools such as economic calendars, pip calculators, margin calculators help traders to stay informed with market updates and estimate trading costs in advance.
Furthermore, the broker currently operates under decent regulation from CYSEC, which to some extent guarantees customer protection and compliance to industry standard set by the institution.
Pros and Cons
Is GBE Legit?
GBE is currently regulated by CYSEC (Cyprus Securities and Exchange Commission) Cyprus, with a license numbering at 240/14, which guarantees legitimacy and credibility in a certain level.
What Can I Trade on GBE?
GBE claims to offer over 500 market instruments including:
Account Type/Fees
GBE not only offers demo accounts for traders to practice their trading strategies, but also 3 tiered live accounts, with an extremely high minimum deposit of 1,000 EUR/USD/CHF from the Classic account, 10,000 EUR/USD/CHF from Plus account, and 100,000 EUR/USD/CHF from VIP account.
Islamic version of each account is available for those who need to comply to Sharia laws.
Commissions are only applicable for cryptos at 0.2%, and EUR 6.5/USD 7/CHF 7 for forex, while for other products, the broker does not charge such fees.
Spread structure is based on commission: with spread for EURUSD from 0 pip for non-commission products and 0.8 pips for commissioned products.
Leverage
GBE offers a leverage level of up to 1:400 for all account types, allowing you to maximize your position with limited initial deposit.
But it's always advised to use leverage prudently due to significantly amplified losses at the same time of gains.
Swap Fees
GBE credit or debit swap fees for overnight positions. For example, swap rate is -0.69732 pips for EURUSD for long positions and 0.17264 pips for short positions.
For more details of the most updated figures of these fees, you can visit https://gbebrokers.global/markets/swap-rates/
Trading Platform
GBE claims the use of the industry-leading MetaTrader 5 platform through web, and apps on mobile devices, which allows you to trade anytime, anywhere you want, even on the go.
The MT4 platform is renowned and recognized worldwidely for their advanced charting tools and robust functionalitiess such automated transaction execution.
Deposit and Withdrawal
GBE enables payment through Absa Bank transfer and payabl, with processing time within 1-4 bank working days.
Payment by payabl is free, but there will be 0.15% of payment fees (minimum 15 EUR/20 USD) through Absa Bank.
2024-03-27 15:54
2024-02-27 17:33
