GBE Brokers-Some Important Points about the Broker

General Information & Regulation

GBE Brokers was originally founded in 2007 as GBE Safepay Transactions Ltd. It became GBE Brokers in 2014 and registered in CySEC in 2016. GBE Brokers Ltd. is regulated by the Cyprus Securities and Exchange Commission (CySEC) under CIF license number 240/14. GBE Brokers offers trading in forex and CFDs not only to individual traders but also provides liquidity services to institutional businesses among which are licensed Forex and CFD brokers. GBE Brokers have offices in Limassol, Cyprus, and Hamburg, Germany.

Market Instruments

GBE Brokers offer over 70 trading instruments in forex, cryptocurrencies, metals, indices, bonds, commodities, energies, and shares.

Leverage

GBE Brokers allows maximum leverage of 1: 500. Leveraged product trading magnifies a traders potential profit – but of course, also increases the potential loss. This facility enables traders to get a larger exposure to the market than the amount they deposited to open a trade.

Minimum Deposit

GBE Brokers offers four live trading account, namely GBE Traditional (a minimum deposit of € 500), GBE Traditional Plus (the minimum deposit of € 500), GBE Raw (the minimum deposit of € 1000), GBE Raw Plus (a minimum deposit of € 500). Objectively speaking, the initial minimum requirements for opening an account set by the broker is relatively higher than most brokers.

Spreads & Commissions

Spreads in the traditional accounts start at 0.7 and 2 pips while on the raw accounts spreads start at 0.0 pips. For all withdrawal requests, GBE brokers charges 0,15% of the withdrawn amount with a minimum of 15 EUR / 20 USD / 20 CHF. All fees of intermediary banks shall be borne by the client.

Trading Platform

GBE Brokers offer trading in the popular MetaTrader4 and MetaTrader5 platforms. The broker states that it has improved MT4 and expanded its functions. The new version from GBE Brokers work much faster and has direct access to the interbank market. The MT5 platform offers advanced financial trading functions, as well as professional tools for technical and fundamental analysis.

Deposit & Withdrawal

Traders are allowed to fund their accounts via payment methods like Hellenic Bank Cyprus, Astro Bank, Sutor Bank Germany, Credit Card, Neteller, Skrill, PayPal (EU resident only). Deposits and withdrawals are usually done within 24 hours if it is received between 09:00 and 18:00 GMT+2, except for bank transfers which take between 1 – 4 business days.

Customer Support

The GBE Brokers customer support team can be reached in real-time by phone, email, live chat, or the completion of a call option from the website.

Educational Resources

GBE Brokers offers a selection of free research tools to assist traders in the forex world. With the MT4 Booster Pack, traders can tune up your MT4. It provides an economic calendar that provides useful information about macroeconomic events. A variety of calculators are also available, like position size calculator, margin calculator, pip calculator, pivot point calculator, and a Fibonacci calculator. In addition, the traders have access to Elbblick, which is the brokers weekly market letter with technical chart analysis and a review of the market events of the previous week.