GPB FS-Some important Details about This Broker

Overview of GPB FS

GPB-Financial Services Limited (GPB FS), a subsidiary of Gazprombank (JSC), operates out of Limassol, Cyprus, and maintains regulatory approval from the Cyprus Securities and Exchange Commission (CySEC). This illustrates the company's compliance with operational guidelines and imparts a level of reassurance to the investors. Since its registration in 2009, it has expanded its role in financial markets, offering a range of investment and financial advisory services to its clients.

Continuing onto its services, GPB FS provides an assortment of investment and financial advisory services, extending its reach in the financial markets. It has been a registered member of the London Stock Exchange (LSE) since 2016, bolstering its market position. However, come June 2019, GPB FS transitioned to a non-trading member of the LSE, signifying a shift in its operational stance. Despite this change, GPB FS continues its services, upholding its value as a reliable broker in the financial market.

Is GPB FS a regulated broker？

GPB FS, a broker in the financial market, operates under the oversight of the Cyprus Securities and Exchange Commission (CYSEC). This regulatory body provides GPB FS with a 'Market Making' licence, which is a sturdy testimony to the broker's compliance with legislation and its credibility. As a result of this regulation, the broker projects a robust level of security and earns trust from traders, a factor that is paramount in establishing long-term business relations with traders.

Having met the stringent regulations set out by CYSEC, GPB FS operates in compliance with the financial governance standards of Cyprus. This reinforces the broker's dedication to transparency, consumer protection, and market integrity. However, it is always prudent for investors to verify regulatory details and compliance before deciding to trade with the broker.

Pros and Cons

Pros:

1. Variety of Financial Instruments: GPB-Financial Services Limited provides a wide assortment of financial instruments, affording its clients a range of choices.

2. Broad Spectrum of Services: The services offered are numerous, covering both core and non-core investment fronts.

3. Regulatory status: GPB-Financial Services Limited is Regulated by CySEC.

4. Strategic Advising: They provide strategic suggestions on key matters such as capital structure and industrial strategy.

5. Credit and Loan: The broker is able to extend credit or loans to its clients, demonstrating great financial flexibility.

Cons:

1. Lack of Trading Software: It appears that the firm doesn't offer specific trading software which can negatively affect the trading experience.

2. Lack of Educational Resources: Lack of educational resources suggests a limitation in opportunities for trader growth.

3. Lack of deposit and withdrawal methods: Lack of deposit and withdrawal methods pose a big gap between clients and brokers.

4. Fee Transparency: GPB-Financial Services doesn't provide comprehensive details about its fees, which might bring about uncertainty when forecasting trading costs.

Market Instruments

GPB-Financial Services Limited caters to diverse investment needs by dealing with a broad spectrum of financial instruments. One of their offering categories includes transferable securities and money-market instruments. Transferable securities allow the clients to freely trade stocks and bonds on the market. The money-market instruments enhance liquidity by allowing short-term borrowing and lending between the clients.

Further, the organization extends its services to include units in collective investment undertakings, providing a flexible option for small investors to pool their investments. They deal with numerous derivative products including Options, Futures, Swaps, and Forward Rate Agreements, enabling their clients to speculate or hedge effectively under various market conditions. Other instruments such as Derivative instruments for transferring credit risk and Financial Contracts For Differences showcase GPB FS's commitment to providing diverse and dynamic trading solutions.

Services

GPB-Financial Services Limited offers an extensive range of core and non-core investment services. Core services include executing client orders, dealing on own account, as well as underwriting and placing financial instruments on both firm and non-firm commitment bases. These services are geared towards providing clients with comprehensive and personalized solutions to their trading needs.

Moreover, GPB-Financial Services Limited also provides a variety of non-core services. These services include the safekeeping and administration of financial instruments, extending credits or loans related to multiple financial instruments, and strategic advice related to capital structure and industrial growth. Additionally, they offer foreign exchange services related to investment services and underwriting services. This wide range of services showcases the company's commitment to addressing diverse investment needs.

How to open an account in GPB FS？

Opening an account with GPB-Financial Services Limited is a straightforward process that requires a set of steps to be followed. These steps are often designed to capture necessary details from potential clients, all while being in compliance with the regulations in place. The following is a very general and speculative procedure to open a trading account:

1. Visit the GPB-Financial Services Limited's official website.

2. Locate and click on the 'Sign Up' or 'Open an Account' button.

3. Fill in the form provided with your personal details such as full name, email, and phone number.

4. Complete the verification process which might include providing identification and proof of address.

5. Once your application is reviewed and approved, you'll be prompted to fund your account.

6. After a successful deposit, you are now able to start trading.

Trading Platform

The verification process conducted by the WikiFX team indicates that GPB-Financial Services Limited does not offer any proprietary or third-party trading software to its clients. This is a noteworthy aspect as a trading software plays a significant role in a broker's offering by providing a platform for executing trades, managing positions, and providing access to necessary market data.

The absence of a trading software has a direct and profound impact on potential and existing clients. Traders heavily rely on trading platforms not only as a tool for market transactions but also for real-time market data, analytics, and risk management tools. Without a respective software, clients might face challenges such as trading effectiveness and efficiency, which could affect their overall trading performance.

Deposit & Withdrawal

One noticeable shortfall in the service provided by GPB Financial Services Limited is the missing information about their deposit and withdrawal methods. The inability of an investor to understand how to move their funds into and out of their accounts, could potentially lead to uncertainty and inconvenience. This lack of information affects clients by causing potential hesitations and restricts them from making informed decisions.

Transparency in deposit and withdrawal methods is crucial as it not only enhances ease of transactions but also assists in establishing trust between the broker and its customers. Therefore, this could pose potential hindrances for clients looking to manage their investments with GPB FS.

Customer Support

GPB-Financial Services Limited is proactive in extending its services and addressing concerns through its diversified customer support channels. Potential and existing clients, particularly those classified as Professional Clients, can contact the Brokerage Department at brokerage@gpbfs.com.cy or call +357 25 055 109. This department provides assistance and detailed information relating to the different brokerage services offered by the firm.

Moreover, for any inquiries or issues related to regulatory and onboarding requirements, clients can reach out to the Compliance Department, adding another layer to their robust customer service. Users can contact this department via compliance@gpbfs.com.cy, or by calling +357 25 055 119. This dedicated support helps clients understand and navigate the complex compliance landscape associated with financial trading and ensure a smooth onboarding process.

Risk Warning

GPB Financial Services Limited has made it evident that the company refrains from conducting marketing activities and does not have any physical presence, tied agents, or representative offices in third countries. They emphasise that any services provided to clients located in third countries occur strictly on the clients' own initiative. This policy highlights the fact that trading with GPB FS requires the clients to have a self-driven approach and a sound knowledge of the complexity of international finance.

Furthermore, the company explicitly states the inherent risks associated with investment activities, which may potentially lead to a loss of assets. This risk disclosure serves as a crucial reminder for clients that investing and trading always carry risks that must be understood and managed. GPB FS also states that it does not provide any form of legal, compliance, tax, or accounting advice, thereby reinforcing the importance for clients to have a robust understanding of these fields or seek advice from qualified professionals.

Educational Resources

GPB-Financial Services Limited is a regulated entity in the financial market sector, however, it appears that it does not provide educational resources for its clients. This seems to be a drawback, as these resources are vital for traders, particularly those new to the field, for improving their market knowledge and trading skills. This gap leaves room for improvement, as the availability of educational materials can greatly enrich clients' understanding of market dynamics, investment strategies, and aid in the development of effective trading tactics.

Conclusion

GPB-Financial Services Limited is a prominent entity in the financial market sector, providing an array of both core and non-core investment services. These services range from the reception and transmission of orders, dealing on own account, to offering advice on capital structure, and extending credit or loans related to various financial instruments. Furthermore, they deal with transferable securities, money-market instruments, derivative products, and more. This allows them to cater to the diverse investment needs of their clients.

However, there are big concerns surrounding the operations of GPB FS. The broker seems to fall short concerning the provision of educational resources, transparency in deposit and withdrawal methods, and importantly, its apparent lack of any trading software. These critical shortfalls could potentially lead to challenges for clients looking to navigate and strategize their investments. Therefore proper caution should be exercised by the clients before proceeding.

FAQs

Q: What is the regulatory status of GPB-Financial Services Limited？

A: GPB FS is regulated by CySEC.

Q: What are the financial instruments that GPB-Financial Services Limited offers？

A: This broker offers various financial instruments such as transferable securities, money-market instruments, derivatives, and financial contracts for difference.

Q: What type of customer support does GPB-Financial Services Limited offer？

A: GPB-Financial Services Limited provide +357 25 055 109 and brokerage@gpbfs.com.cy

Q: What are the trading platforms provided by GPB-Financial Services Limited？

A: Based on a Wikifix survey, GPB-Financial Services Limited does not currently provide a specific trading software.

Q: What educational resources are available through GPB-Financial Services Limited？

A: GPB FS seems to lack educational resources such as webinars, tutorials, or articles to aid traders.