GULF BROKERS-Overview of Minimum Deposit, Spreads & Leverage

Risk Warning

Trading in leveraged products carries a high level of risk and may not be suitable for all investors. The past performance of an investment is no guide to its performance in the future. Investments or investment income can fluctuate. You may not necessarily get the amount you invested in the beginning as a return.

General Information & Regulation

Founded in 2017, GULF BROKERS is an online broker and is a limited liability company offshore regulated as a Securities Dealer by the Seychelles Financial Services Authority of Seychelles (FSA) with license number SD013 and with company number 8417634-1 to carry out certain categories of financial investment business as permitted under the Seychelles Securities Act 2007.

Here is the home page of this brokers official site:

As for regulation, GULF BROKERS is offshore regulated by The Seychelles Financial Services Authority (FSA). That is why its regulatory status on WikiFX is listed as “Offshore Regulatory” and receives a relatively low score of 3.34/10. Please be aware of the risk.

Note: The screenshot date is February 8, 2023. WikiFX gives dynamic scores, which will update in real-time based on the broker's dynamics. So the scores taken at the current time do not represent past and future scores.

Market Instruments

GULF BROKERS offers clients the ability to trade on a wide range of financial CFD instruments covering Forex, Shares, Indices and Commodities.

Account Types

GULF BROKERS seems to only offer one live account type. It also offers free demo accounts with $100k virtual capital.

Leverage

GULF BROKERS offers the Forex & CFD Account, which enables the trading of all the financial instruments on Gulf Brokers, the Islamic Account designed for Muslim clients as well as the Demo Account. The maximum leverage is up to 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 & Commissions

The spread for EUR/USD and USD/JPY is 3 pips, which is the starting spread at GULF BROKERS. The spread for EUR/JPY is 4 pips. Trading costs vary between each market with Forex, Indices and Commodities being commission-free and share trading being commission-based with a minimum of 20 USD or 0.5% of the volume traded.

Trading Platform

GULF BROKERS provides investors with the MetaTrader5 platform for Web, Windows and Mobile. This trading terminal is highly praised by traders and brokers alike due to its ease of use and great functionality. The MT5 offers top-notch charting and flexible customization options. It is especially popular for its automated trading bots, a.k.a. Expert Advisors.

Deposit & Withdrawal

GULF BROKERS offers fee-free deposits and withdrawals via debit/credit cards (Visa/MasterCard). The first-time minimum deposit on Gulf Brokers is $500. Withdrawals involve filling out an online withdrawal request form on the website. No fees are charged on deposits and withdrawals.

The Maintenance Fee will be charged if there are no transactions (deposits, withdrawals or trading activity) on your Trading Account for at least one (1) month or more.

Customer Support

Clients can get their questions, comments and concerns about GULF BROKERS‘ services attended to by customer service 24 hours daily on weekdays. They can be contacted by phone: +44 208 068 9908, email: support@gulfbrokers.com or the ’contact us‘ form on the broker’s website. You can also follow this broker on social networks such as Twitter, Facebook and Instagram.

Pros & Cons

Frequently Asked Questions (FAQs)