Comprehensive Gulf Brokers Review 2023

Gulf Brokers Overview

Founded in 2017, Gulf Brokers is an online broker regulated by the Financial Services Authority (FSA) headquartered in Seychelles. With a minimum deposit of $100, Gulf Brokers offers traders the opportunity to access various markets, including Forex, Stocks, Indices, and Commodities.

Traders can take advantage of leverages up to 1:500 and utilize the MT5 or Fx Junction trading platforms. Furthermore, Gulf Brokers provides a free demo account for traders to familiarize themselves with the platform and practice their trading strategies.

Gulf Brokers also offers 24/5 multilingual customer support with base currencies available in USD. With a range of features and competitive spreads, Gulf Brokers is an attractive choice for traders looking to take advantage of the markets. All in all, Gulf Brokers provides a reliable and secure trading experience for traders of all levels.

Moreover, their Fx Junction is a highly reliable social trading network in which traders can copy trade, follow and monitor the performance of other traders. It's a robust system that is constantly monitored to ensure the security of investors' funds.

Let's explore all critical aspects of this regulated trading platform and what markets traders can access with MT5.

Broker safety details

Gulf Brokers is a trustworthy broker regulated by the Financial Services Authority (FSA). This regulatory body has stringent policies that ensure traders' funds are safe and secure. Additionally, Gulf Brokers has implemented the latest encryption technology to protect traders' data.

With the latest SSL encryption, traders can be confident that their data is protected. Additionally, Gulf Brokers has also implemented a fraud protection system to ensure the security of traders' funds.

They have tie-ups with all major Tier-1 banks to ensure that traders' funds are maintained securely. The benefit of this is that traders can trust their funds are held securely and will be transferred when needed.

Moreover, the broker keeps clients' funds in a segregated account and is registered with the Investor Compensation Fund, ensuring that traders' funds are fully protected. In addition, with a negative balance protection policy, traders can be assured that their losses will not exceed their deposits.

In addition, Gulf Brokers have implemented KYC (Know Your Customer) and AML (Anti Money Laundering) policies to ensure that all traders are legitimate. Their team ensures that all clients pass their KYC and AML protocols before allowing them to trade.

Fees details

Gulf Brokers does not charge any fees for deposits or withdrawals. They also do not have any hidden fees or commissions. However, they may charge an inactivity fee of USD 10 if the account is inactive for over one month.

The spreads offered by Gulf Brokers are competitive and range from 0.1 for major currency pairs. However, the spreads vary, and traders can use ECN accounts with even lower spreads.

Moreover, the broker charges a commission of 0.5% ($20 minimum) if you trade shares, indices, or commodities. The commissions are also very competitive, making it easier for traders to take advantage of the markets.

Furthermore, the broker charges a swap fee in which a trader pays or receives a certain amount for holding a position overnight. The swap fees vary depending on the currency pair you choose to trade.

Gulf Brokers also offers Islamic accounts where no interest is charged on overnight positions. Instead, the broker charges a commission on each trading order. The overall fee structure is transparent and competitive, providing traders with flexibility.

Spreads fee information

Gulf Brokers offers significantly competitive spreads with over 70 currency pairs available. The spread range starts from 0.1 pips for major currency pairs such as EUR/USD, GBP/USD, and USD/JPY. The spreads are even lower in ECN accounts which offer tight spreads and fast execution.

The spreads on this platform are floating, allowing traders to take advantage of the market movements and benefit from volatility. Floating spreads help traders take advantage of market conditions and make the most of their trading decisions.

Swap fee information

The broker charges a variable swap fee on available currency pairs. The swap fees are usually calculated according to the overnight rates of the currencies in question. The broker charges a higher fee for short positions and a lower fee for long ones.

Gulf Brokers also offers Islamic accounts which do not charge any swap fees, and this account is ideal for traders who adhere to the Islamic Sharia law. In addition, this account allows traders to take advantage of the markets without paying any interest on trades held overnight.

Deposit and withdrawal options

Gulf Brokers offers its clients a wide range of deposit and withdrawal options. These include bank transfers, debit/credit cards, and e-wallets like Skrill and Neteller. All deposits are instant and free of charge, with no hidden fees or commissions.

Withdrawals are also processed quickly, within 24 hours in most cases. The broker also supports currencies, including USD, EUR, GBP, and JPY. In addition, clients can rest assured that the latest security protocols protect their data while their funds remain secure due to the segregation policy implemented by Gulf Brokers.

Traders don't need to pay additional fees for deposits or withdrawals, giving them access to their funds anytime. However, banks and other third-party payment service providers may charge additional fees.

The minimum deposit is USD 100, making it easy for beginners to start trading. Gulf Brokers also offers demo accounts which allow traders to practice trading with virtual money before investing real funds. Traders get USD 100,000 virtual cash to practice trades without any risk.

Both deposit and withdrawal methods are protected with the latest encryption technologies, providing traders with an extra layer of security for their funds. As the broker is regulated, clients need to undergo KYC to ensure the safety of their funds.

The trading platform offers dedicated support for deposit and withdrawal requests, making the process simpler and faster. In addition, the customer support team is available 24/5 in multiple languages, providing traders with immediate assistance if needed.

Available tradable markets

This multi-asset broker offers a wide range of tradable instruments, including Forex, Stocks, Indices, and Commodities. The broker also provides a range of CFDs that allow traders to access markets without having to own the underlying asset.

Gulf Brokers also offers social trading, which allows traders to copy the strategies of experienced traders or build a portfolio with the help of a professional investor. This feature is ideal for traders who are new to the markets or need assistance in making informed decisions. Let's look at all the tradable markets available on this trading platform:

Forex

Forex trading is the most popular form of online trading, with the broker offering a wide range of currency pairs, including major, minor and exotic pairs. In addition, the leverage offered by Gulf Brokers is up to 1:500, allowing traders to take advantage of the market conditions.

Some major currency pairs offered include EUR/USD, GBP/USD, and USD/JPY. In addition, the broker also offers minor and exotic currency pairs such as NZD/USD, EUR/NZD, and USD/TRY. With leverage of 1:500 and floating spreads, traders can take advantage of the markets to maximize their profits.

With 50+ currency pairs and competitive spreads, Gulf Brokers is an ideal choice for experienced and novice traders. Using MT5 and its proprietary trading app, traders can easily access the markets and take advantage of price movements.

Stocks

The broker also offers to trade in stock CFDs, allowing traders to access markets without owning the underlying asset. Stock CFDs are derivatives of stock market indices and provide traders with an opportunity to take advantage of the market conditions without paying the underlying asset's total price.

Gulf Brokers offers CFDs on some of the world's leading companies, such as Apple, Google, and Microsoft. Traders can also access regional indices such as the Nikkei 225, Hang Seng, and Dow Jones Industrial Average.

Traders also have access to stock CFDs from the world's leading exchanges, such as NYSE and Nasdaq. Moreover, with a commission of 0.5% (minimum 20 USD), traders can take advantage of the markets to maximize their profits.

Shares CFD offers higher liquidity when compared to traditional stock trading, allowing traders to make the most of their investments. In addition, with MT5 and Fx Junction, traders can easily access the markets and execute trades.

Indices

Gulf Brokers offers trading in a wide range of indices, including the major indices such as S&P 500, NASDAQ, and FTSE 100, as well as regional indices such as the SSE Composite Index. Moreover, with a commission of 0.5% (minimum 20 USD), traders can take advantage of the highly liquid markets to maximize their profits.

The broker brings various instruments to trade under the indices market. Along with the major indices, traders can access commodities such as gold, silver, and oil. The leverage offered varies depending on the instrument, and traders can take advantage of the market conditions to maximize their profits.

Indices trading is ideal for those looking for an easy and low-risk way to access the stock markets. Moreover, with the help of MT5 and Fx Junction, traders can monitor the markets and execute trades quickly.

Commodity trading

Gulf Brokers offers trading in a wide range of commodities, including gold, silver, oil, and other energy products. Commodity trading is the best option for individuals seeking to diversify their portfolios.

The broker offers competitive spreads on all the commodities, allowing traders to take advantage of any price movements. Commodity trading allows traders to benefit from the price movements of real-world assets as well as a hedge against inflation.

Traders can access markets from anywhere in the world with the help of MT5 and Fx Junction. The broker also offers trading tips, market news, and resources to help traders stay updated with the latest commodity market movements.

Leverage details

Gulf Brokers offers traders the ability to leverage their investments up to 1:500 on various instruments. This high level of leverage allows traders to make substantial profits, even with small amounts of capital. The broker also provides competitive spreads and low commissions, making it an attractive option for all investors.

For example, if you have $300 in your account and use a leverage of 1:40, you will be trading with $12,000. However, it is essential to note that high leverage also comes with a higher risk of losses. Therefore, using leverage responsibly and maintaining proper risk management strategies is essential.

Negative Balance Protection (NBP)

Gulf Brokers offers Negative Balance Protection (NBP) to all its clients. This protection ensures that no trader is exposed to losses beyond their deposit amount, and any negative balance will be reset back to zero. NBP is a crucial safety measure for traders, allowing them to trade confidently, knowing they are not exposed to unlimited losses.

The broker also provides a wide range of risk management tools, such as stop-loss orders, trailing stop, and limit orders which help traders manage their trades more effectively and reduce the risks associated with trading.

Available trading platforms

Gulf Brokers offers its customers access to two of the most popular trading platforms - MT5 and Fx Junction. Both these platforms offer a wide range of features and functionalities that help traders make the most of their investments. Let's look at both platforms in detail:

MT5

MT5 is one of the most popular and advanced trading platforms available, offering a broad range of features and functionalities. It includes various technical indicators, charting tools, and automated trading strategies.

Furthermore, it also offers advanced order types, such as market orders and stop orders which help traders manage their trades more effectively. MT5 also provides analysis tools, such as economic calendars, which help traders stay updated with the latest market news and trends.

Compared to MT4, MT5 provides more advanced features and functionality and is a great choice for experienced traders. MT5 is ideal for traders seeking to gain access to global markets and make the most of their investments.

Some of the popular MT5 features include advanced charting tools, automated trading strategies, Expert Advisors (EAs), real-time market quotes and analysis, etc. All these features make MT5 the ideal choice for traders across different tradable markets.

FX Junction

FX Junction is another popular trading platform that provides a wide range of features and functionalities. It includes advanced charting tools, technical indicators, automated trading strategies, and a variety of order types.

FX Junction offers an open social network that allows traders to share trading ideas, link their existing MetaTrader 4/5 brokerage accounts, and analyze their performance and the performance of other members.

If you become a trader through Gulf Brokers, you will receive an equal amount of credits as a bonus for use in FX Junction, equal to the amount of your deposit. (For example, if you invest $500, you will receive 500 credits.)

FX Junction features

Detailed dashboard

FX Junction's dashboard provides an in-depth overview of the subscriber's account and portfolio performance. It includes insights into the trader's recent trades, open positions, and pending orders, as well as their overall trading history. As traders can build their own teams, the dashboard also provides insights into what others are doing.

Traders can see the community's open positions, performance, their own open trades, and volumes traded by each symbol.

Find traders

The platform allows traders to search for other FX Junction members within the community. In addition, they can filter results by user rating, trading style, account age, trade volume, and many more. This advanced filter system enables traders to find the most suitable partners for their investment strategies.

Even without filters, users can see the top-performing traders, which is a great way to find inspiration and new trading ideas. Being among the top social traders also increases the visibility of your trades, so it's a great way to attract new followers.

Dedicated news section

FX Junction publishes a dedicated news section, which includes regular updates on current market events as well as analysis and insights from the community. This is an excellent resource for traders to stay up to date with the latest market news and trends.

Trading account

The platform has simplified its account management system. You can deposit money into your trading account in just a few clicks and start trading immediately. In addition, the platform offers a single integrated account where you can manage all your trading activities.

Gulf Brokers provides a secure environment for its traders with 24/5 customer support. The broker also has no fees on deposits and withdrawals, which makes it an excellent choice for those who want to save money on trading costs. With a minimum deposit of $100, Gulf Brokers provides access to 800+ financial CFD instruments and up to 1:500 leverage.

Moreover, the platform also offers Islamic accounts in which all kinds of swaps are prohibited. This is a great choice for traders who follow Islamic principles as it ensures that their trades comply with Shariah law.

Demo account

For those who want to practice their trading strategies and develop their skills before investing real money, Gulf Brokers offers a free demo account. This is a great way to test the platform and its features without taking any risks.

Traders get $100,000 in virtual funds to practice their trading strategies, study the market and test the broker's services. The demo account can be used as long as necessary until you feel comfortable enough to start trading with real money.

Customer support

Gulf Brokers provides 24/5 customer support to all its customers. You can get in touch with them via email and telephone. Their customer support team is highly knowledgeable and can help with any inquiries or issues you may have.

Analysis and research tools

This multi-asset trading platform offers a variety of tools to help traders stay on top of the markets, including:

Market news

Gulf Brokers provides up-to-date market news and analysis from top financial experts. This is a great resource for traders to stay informed and make informed trading decisions. The news is updated regularly to keep you up to date with the latest market developments.

Daily summary

Gulf Brokers provides a daily market summary with an overview of the financial markets. This is an excellent way to get information about markets and ensure you get all important news or events.

Video reviews

The platform also offers educational video reviews of the markets and financial products. These videos contain valuable insights into how the markets work and what you need to know to trade successfully.

Detailed blogs

Gulf Brokers offers detailed blogs on the markets, trading strategies, and financial products. These blog posts contain valuable information that can help you become a better trader. Their blog covers multiple tradable markets, including forex, stocks, commodities, indices, and cryptocurrencies.

Trading academy

Gulf Brokers provides a comprehensive trading academy with courses and seminars on various topics. This is a reliable way to learn the latest market trends and strategies. The academy also has an in-depth library with a wide range of educational materials to help traders learn more about the financial markets.

Tips for traders

For beginners, Gulf Brokers provides valuable tips to help them get started with trading. In addition, they have written comprehensive guides and tutorials on various topics related to trading. This is an excellent resource for those who want to know more about the markets and how to trade them.

Gulf Brokers TV

Gulf Brokers also offers a live streaming channel where traders can watch top financial experts share their insights. This is a great way to stay informed of the latest market developments and get valuable advice from experienced traders.

Gulf Brokers in a nutshell

Overall, Gulf Brokers is a trusted and reliable broker that provides access to hundreds of financial instruments. They offer competitive spreads, low commissions, and up to 1:500 leverage. This platform is well-suited for both beginner and experienced traders. The customer support team is friendly and knowledgeable, and they offer a comprehensive trading academy with courses and seminars on various topics related to trading.

FAQs

What is the minimum deposit?

The minimum deposit is $100.

What is the maximum leverage offered by them?

The maximum leverage offered is 1:500.

Does it offer a demo account?

Yes, Gulf Brokers offers a demo account with $100K virtual cash.

How do I open an account with this broker?

You can open an account by filling out the online registration form on the broker's website.