Gulf Brokers Ltd. is an online forex, commodities, shares and indices broker. It offers the MT5 platform. The broker was founded in 2016, which makes this broker experienced, and is regulated by the Financial Services Authority of Seychelles (FSA). Read the full review to find more about this broker:
- Gulf Brokers Ltd. – Broker overview
- What can you trade on Gulf Brokers Ltd.?
- Regulation of Gulf broker Ltd.
- Gulf Brokers Ltd. – Demo account
- Gulf Brokers review – Fees
- The Gulf brokers trading platform
- The Gulf Brokers’ website
- MetaTrader 5 Platform overview
- Gulf Brokers – Social Networks
- Advantages and disadvantages summary
- Gulf Brokers Ltd. Review – Broker rating
Gulf Brokers Ltd. – Broker overview
|Minimum deposit||500 USD|
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 on Gulf Brokers Ltd.?
As I have mentioned you can trade a wide variety of instruments with Gulf Brokers over 800 instrumentsin. You can trade:
Regulation of Gulf broker Ltd.
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.
Gulf Brokers Ltd. – Demo account
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 review – 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.
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.
The Gulf Brokers’ website
The website is mainly in English, however, there are also 10 other language mutations to choose from. Most of those include Asian languages, therefore, the broker is very well-suited for traders from those countries.
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.
MetaTrader 5 Platform overview
Gulf brokers uses MetaTrader 5. MetaTrader 5 is the best platform to access exchange markets and Forex at currently. It is a great choice for any trader who appreciates a modern and comfortable trading platform.
In comparison with MetaTrader 4, MetaTrader 5 has been significantly improved. It contains more advanced graphs and analytical tools as well as more timeframes including 2 minutes and 8 hours. An economic calendar has also been added. Most importantly, MetaTrader 5 provides further ways of trading in terms of both investment instruments and trade methodologies.
MetaTrader 5 has more timeframes, allows more pending orders and more technical indicators. You can fully access all of your tradings through the web. And monitor – all aspects of markets from anywhere. Many users agree that MetaTrader 5 is easier to navigate because of the larger and more spacious buttons.
Gulf Brokers – Social Networks
- Instagram: https://www.instagram.com/gulfbrokers_official/
- Facebook: https://www.facebook.com/gulfbrokers/
- Twitter: https://twitter.com/gulfbrokers_com
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