Gulf Brokers Ltd. review (2021) Review
Gulf Brokers Ltd. is an online broker that offers to trade in forex, commodities, shares and indices on the MT5 platform. Gulf Brokers ltd. was founded in 2016, which makes this broker relatively experienced, and is regulated by the Financial Services Authority of Seychelles (FSA). The company has around 800 instruments. Their minimum deposit is $500, which is high, compared to other brokers. In addition, it allows traders to use interesting trades with leverage up to 1: 500 when trading on forex.
What can you trade?
As I have mentioned you can trade a wide variety of instruments with Gulf Brokers over 800 instrumentsin. You can trade:
Gulf broker ltd. regulation
Gulf Brokers is regulated in Seychelles by the Financial Services Authority (FSA). Its parent company Gulf Brokers Limited is registered as a securities dealer in Seychelles. To protect themselves more from internal errors, cyber-attacks and so on, Gulf Brokers ltd. has bought professional indemnity insurance. This can help to protect the clients’ funds in the case of any problems that might arise.
They offer a demo account for you to sign up and test your skills or learn everything about MT5. This account is free of charge and comes topped up with $100,000 in virtual funds to practise your trading strategies.
Gulf Brokers fees
As I have mentioned, the deposit is a minimum of $500. The minimum tradable lot size is 0.01 and there is no maximum. Leverage of 1:500 is the highest allowed and spreads are variable with the major pairs having spreads of 3-4 pips. They don’t charge any trading commission on the forex and CFD account, but a 0.5% trading commission applies to the trading of stocks on this account. Inactive accounts get charged a $10 monthly maintenance fee and advertise $0 fees on deposits and withdrawals. Keep in mind that fees can vary and can change.
As I have already seen the join button while going through their web, it was easy for me to find and simply “join”. The simple form was filled it in a minute.
While I was waiting for my welcome email, I got a view of my Client zone account. The design was clean and I could find all the information I needed intuitively. For example, at the bottom of the page, I could read through their licenses and regulations and go through the risk disclaimer. At the top of the page, I had my details, instruments option and a CTA button to start trading or make a deposit.
Meanwhile, I got my welcome email. Two, to be precise. The first email had my login details for my Client zone account. The second email had my activation link. After choosing the demo account option a got another question if I want the demo account. I don’t find it necessary to ask me 3x if I am sure I want to open a demo account.
I left it as it was pre-set and I`m in.
When the login option comes up on the MT5 platform, you have to click (again) the demo account, fill in your name, surname and get new login details.
The Gulf brokers trading platform
The MetaTrader5 has a simple interface easy enough for beginners yet it has advanced trading tools and market analysis features to make it suitable for professional traders. I`m using the WebTrader which is a version of the MT5 trading platform. No downloads and installations, as I have a MacBook, I was happy to use the WebTrader. I find it minimalistic and the interface is functional, easy to use, intuitive and easy to find whatever you need. Although the design is a bit ugly. You can either choose the standard order setting path using the buttons, or you can choose a quick one-click trading path.
Although the registration took a bit longer than I expected, the final feeling from starting my trading on MT5 WebTrader was worth it. Easy and intuitive.
The brokers’ website
My first feeling was, that they are professional, no marketing drivel, everything straightforward and short. The site has a clear structure, it is clear, and the information can be found very quickly.
In the top panel of the website, you can choose:
- About us
- Contact us
Pretty much the standard. There is no list of option once you hover over the selected choice. It takes you straight to the page with the information you are looking for. Gulf Brokers offers a simple news service with a number of contributions each week. In addition to news, you will find a calendar with financial events and blogs by their Chief Analyst. In the education section, you can find webinars, tips for traders and a glossary. I probably need extra educational webinars and videos to be honest.
So, I clicked on the option to look at more videos and the same videos came up. So, no extra support here.
The Twitter account didn`t load up, it looks like they are inactive there. But Instagram is beaming with pictures and activity.
Advantages and disadvantages summary
They are an award-winning forex and CFD broker and offer a wide range of trading instruments on the powerful MT5 trading platform. Their website is well designed, stylish with no extra unnecessary information. Facebook and Instagram beaming with information and you can practise on their free demo account. The educational support isn`t enough from my point of view. And the minimum deposit is quite high too.
- Educational support should be expanded
- Not the lowest minimum deposit
- Free demo account
- Regulated and licensed
- Over 800 instruments available
- Trading on MetaTrader5
- Responsive and reliable in communication
- Up-to-date and inspiring analytical coverage and blog
Pros / Cons