Gulf Brokers Ltd. – Broker review

Looking for a reliable and efficient Forex broker? Our review of Gulf Brokers Ltd. saves you time and effort in your search. Gulf Brokers offers a modern trading platform, a wide range of assets, and responsive customer support—key factors every trader values. Regulated by the Seychelles Financial Services Authority (FSA) and in operation since 2017, the firm allows trading in currencies, commodities, indices, and stocks. With a focus on a decentralized business model, Gulf Brokers is equipped to make swift decisions and manage technical aspects effectively. Read our analysis to discover whether Gulf Brokers could be the right partner for your trading activities.

Table of content

Registration process

Despite being a long-established broker, Gulf Brokers has kept its registration process refreshingly straightforward. With just a click, you are directed to the registration page.

To sign up, simply enter your first and last name, email address, and phone number, then agree to the legal terms and click “Join.”

Shortly after, you’ll receive a confirmation email. Once verified, your account is activated, and you’re ready to start trading with Gulf Brokers—it’s that quick and easy!

Gulf Brokers review – Regulation

Gulf Brokers is licensed and regulated by the Financial Services Authority (FSA) of the Seychelles under license number SD013. The parent company of Gulf Brokers Limited is officially registered as a securities dealer in the Seychelles with company number 8417634-1.

To enhance protection against potential risks such as domestic failures or cyber-attacks, Gulf Brokers has secured professional liability insurance. This insurance provides an additional layer of security for client funds, covering possible broker misconduct or bankruptcy, and ensures compensation in such scenarios.

Please note that Gulf Brokers is not available to residents of the following countries and territories: Afghanistan, Cuba, Crimea, Israel, Sudan, North Korea, Ethiopia, Iran, Bosnia and Herzegovina, Iraq, Laos, Syria, Uganda, Vanuatu, and Yemen.

The very outstanding thing we will note is that this broker has a world award in trading. This is a mega bonus and not every broker can boast of that. Users of the educational portal FOREX-MAG.COM voted in the competition for The Best Customer Service Award, assessing the services provided to customers. In the competition of fifteen brokers, who were among the top reviewed brokers, Gulf Brokers took 2nd place.

“An award from educated public is always pleasure to obtain. It confirms the high level of our services,” says chief analyst of Gulf Brokers Syam KP.

The evaluation criteria, personal experience, such as the availability of the broker’s website in different language versions, the possibility of opening a demo account, the quality of the Education section or local language support, and easy-to-find contact, clearly confirmed the qualities of trusted and award-winning broker Gulf Brokers.

Gulf Brokers MT5 trading platform

MetaTrader 5 (MT5) is a unique trading platform provided to Gulf Brokers clientele. Designed by MetaQuotes Software Corporation, this popular platform has a simple interface that is quite simple for beginners, but has advanced trading tools and market analysis features that make it suitable for professional traders. MT5 appears in three main options:

Desktop Version (for PC and Mac)

The desktop version of MT5 is the most comprehensive and feature-rich option. It is designed for traders who require advanced tools for technical analysis and automated trading.

One of the key benefits of the desktop version is its extensive charting capabilities. Traders can access a variety of chart types, including candlestick, bar, and line charts, with the ability to open up to 100 charts at once. Each chart can be customized with a range of indicators, oscillators, and trend lines to suit individual trading strategies. The platform supports multiple timeframes, ranging from one minute to one month, which allows for both short-term and long-term analysis.

The desktop version also offers algorithmic trading through Expert Advisors (EAs), allowing traders to automate their strategies. EAs can be custom-coded using the MQL5 programming language, enabling users to create highly specific trading systems that can operate 24/7 without manual intervention. Additionally, the strategy tester allows traders to backtest their strategies on historical data to refine their performance before going live.

Overall, the desktop version is perfect for professional and experienced traders who need a powerful toolset for in-depth market analysis and automation.

Web-Based Version (WebTrader)

The WebTrader version of MT5 allows users to trade directly from any web browser without the need to download or install any software. This version is ideal for traders who value flexibility and convenience but still want access to essential trading tools.

WebTrader offers real-time price quotes, interactive charts, and various technical analysis tools, though it is somewhat more limited in functionality compared to the desktop version. Traders can manage multiple orders, perform one-click trading, and access a wide range of market instruments including forex, stocks, and commodities.

One of the standout features of WebTrader is its cross-platform accessibility. Traders can log in from any device with an internet connection and continue their trading activities seamlessly. This version also includes secure encryption, ensuring the safety of all transactions and data. While it doesn’t offer advanced features like algorithmic trading or deep customizations, it is an excellent option for those who prefer a lighter, more accessible trading experience on the go.

Mobile Version (for iOS and Android)

The MT5 mobile app is available for both iOS and Android devices, providing traders with the ability to manage their trading accounts and execute trades from anywhere. While the mobile version is less comprehensive than the desktop counterpart, it still offers a wide array of tools suitable for on-the-go trading.

With the mobile app, traders can view real-time charts and utilize over 30 technical indicators. It supports most types of trading orders and allows for one-click trading, which is useful for executing quick trades in volatile markets. The interface is designed to be intuitive and user-friendly, making it easy to monitor open positions, review historical data, and adjust trading strategies while away from a computer.

Despite its portability, the mobile version retains many of MT5’s core features, such as access to news feeds and economic calendars, ensuring that traders remain informed of market events at all times. However, due to hardware limitations, it doesn’t support advanced features like backtesting or Expert Advisors. Nevertheless, it is perfect for traders who need to stay connected and manage their accounts while on the move.

Trading instruments on Gulf Brokers

Gulf Brokers offers a diverse selection of around 700 trading instruments on its platform, including 61 currency pairs, 14 indices, and 7 commodities. Additionally, traders have access to 610 stocks, with 105 from Germany, 16 from the Netherlands, 35 from Spain, 20 from Switzerland, and 435 from the U.S.

The platform provides leverage of up to 500:1 for all currency pairs, allowing traders to significantly amplify their positions. Both major and exotic currency pairs follow the standard 1 lot size of 100,000 units of the base currency, with the minimum trade size set at 0.01 lots.

However, Gulf Brokers’ spreads are relatively large compared to many competitors. While most brokers offer spreads of 3 pips or less on major currency pairs, Gulf Brokers’ spreads start at 3 pips and can go as high as 20 pips for some major currencies.

Gulf Brokers – Site interface

The Gulf Brokers website is designed with a high level of professionalism and clarity, focusing on transparency. Its clean layout, featuring a white, yellow, and dark blue color scheme, ensures that essential information is easy to find without any unnecessary clutter. The top navigation bar conveniently lists all relevant subpages, allowing users to easily access different sections of the site.

One standout feature is the prominent placement of the broker’s contact information at the top of the page, right next to the login and registration buttons. This practical design choice contrasts with many other websites where contact details are often relegated to the bottom of the page.

The Research section of the website is particularly impressive for its comprehensive and detailed content. Gulf Brokers provides a variety of market research tools, including:

• Market News: A feed of current stories and developments affecting global financial markets.
• Daily Summary: A detailed daily report on stock, currency, and commodities market movements, along with key economic forecasts and technical analysis.
• Blog: Insights from Gulf Brokers’ top analysts on global market trends, covering politics, currencies, stocks, and more.
• Economic Calendar: A crucial tool for tracking significant global economic events and data releases, aiding traders in anticipating market volatility.

Overall, the research tools are of high quality and serve both novice and experienced traders well, providing comprehensive and regularly updated information.

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Gulfbrokers Education section

Gulf Brokers offers a good set of training materials, and provides three informative trading videos, top trading tips and a glossary. The three videos cover the following topics: “How to avoid trading fraud”, “What kind of trader are you?” and “How CFDs work”. The content of the videos is of high quality.

The trading tips section contains six articles designed to help users understand how risky instruments work, as well as a small glossary covering important trading and financial market terminology.

Another outstanding innovation on the broker’s website is the Gulfbrokers TV feature. No other well-known broker offers this. In this section you will find the following information regarding:

• News of the week
• Stock of the week
• Review of the week
• Online Trading academy.

This is an amazingly useful series of video recordings made chief analyst of Gulf Brokers Syam KP.

It is a perfect idea from a trading point of view. He does video reviews of the world’s biggest companies and advises traders on where and what might be profitable. No one else in the trading market has an analogue of this service yet. This is another point that strengthens the credibility of this broker.

But let’s take a closer look at what the Online Trading Academy is all about. By the word Academy we should literally mean a training process. This feature has been specially made for beginner traders and is their video guide to the world of online trading. All the videos are recorded in Arabic, but with English subtitles.

One more useful button on the broker’s website is Glossary. It’s essential for all traders to understand and remember the basic terminology. However, because a lot of the basic terms are acronyms it can be a confusing task. Even experienced traders may find this glossary useful as a refresher or resource to print out and check when they don’t remember something. Please note that the glossary is not presented in alphabetical order.

Types of trading accounts

Forex and CFD Account

This account allows you to trade all financial instruments at Gulf Brokers. Lowest deposit is $500. The minimum trading lot is 0.01, the maximum is absent. Leverage of 1:500 is the maximum permitted. Spreads vary, spreads on major pairs are 3-4 pips. There is no trading commission on this account for forex, indices and commodities. However, when trading stocks on this account, a 0.5% commission is charged.

Islamic Account

This account was developed for Muslim clients and has the same conditions as a Forex and CFD account. The main difference is that the commission for prolongation is not charged. This is in accordance with Islamic Sharia law, which prohibits the payment and receipt of interest. In addition, transactions in accounts based on Islamic finance must be carried out without delay, so currencies must be transferred from one account to another immediately, and transaction costs must also be paid at the same time.

Gulf Brokers Demo account

The broker also did not forget about beginner traders. A demo account window is immediately noticeable on the broker’s website, which will allow you to acquire serious trading skills. Registration itself is standard and very simple. You are required to enter basic data and confirm the activation link.

Demo accounts, which are free, allow traders to learn about the markets, practice their techniques, and test different strategies while risking paper (fake) money. In turn, this helps them become well-prepared when they exchange their actual funds in live market environments. Similarly, if you’re an experienced trader who is new to MT5, the demo gives you an opportunity to familiarize yourself with the platform’s tools and functionality.

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Trading Costs

There are several expenses that you should be aware of. First, a daily swap fee is incurred when trades are kept open overnight. On Wednesdays, the swap is tripled. The Islamic account doesn’t incur these interest expenses. However, many brokers charge portfolios with Islamic features a fixed, non-interest related amount on overnight trades.

Bonuses and promotions

One of the main advantages of Gulf Brokers is that they offer lucrative bonuses and a variety of promotional programs. First, they offset any user deposit (minimum $1,000) with exactly the same amount of trading capital. For example, if you deposit $5,000 into your Gulf Brokers account, they will give you another $5,000 to trade with. The maximum bonus per person is $100,000, which is incredibly large and generous.

Deposit methods and charges

You can make deposits and transfer funds directly from your bank account. Furthermore, Gulf Brokers is accepting deposits via debit and credit cards. However, if for any reason the transfer fails (e.g. the trader has insufficient funds or an inactive debit/credit card), Gulf Brokers may charge a refund fee of $200. Other than that, there is no mention of transaction costs. In any case, almost all brokers in the market do not charge users for funding the account, but the account holder’s bank may do so.

Withdrawal methods and costs

To request a withdrawal, traders have the option of making a withdrawal via their account portal or by sending an email to Gulf Brokers customer service. However, keep in mind that you can only withdraw funds using the method you used to deposit them. For example, if funds have been deposited via Visa or MasterCard, they can only be withdrawn to the same debit or credit card. As for profits, you can transfer them from your Gulf Brokers account to your bank account.

Generally speaking, all withdrawals are processed within 24 hours or less. At times, the broker may ask for additional information, such as when a trader fills out the transfer form the wrong way or forgets to upload certain documents. Needless to say, withdrawals may take a longer time to process when this happens.

Help desk

Customers can obtain responses to their questions, comments and comments regarding Gulf Brokers services in the support service 24 hours a day on weekdays. They can be contacted by phone, e-mail or through the “contact us” form on the broker’s website. Unfortunately, live chat option is not available on the broker’s website.

The customer support service is multilingual. Instagram Facebook, Twitter, Instagram and LinkedIn are also represented by Gulf Brokers.

Gulf Brokers – Security

One of the key strengths of Gulf Brokers is its commitment to security and customer support. With its license and regulation by the Seychelles Financial Services Authority (FSA), clients can be assured that the broker operates under a regulatory framework that promotes transparency and accountability.

Additionally, Gulf Brokers’ focus on protecting its clients’ funds is evident through obtaining professional liability insurance. This extra layer of protection safeguards client funds in case of any problems that may arise due to broker misconduct or bankruptcy. Such insurance ensures that compensation remains possible for clients, enhancing the overall trustworthiness of the broker.

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Social networks

Gulf Brokers actively engages with its audience across several social media platforms, which are easily accessible through the footer of their website. They maintain profiles on Twitter, Facebook, and Instagram.

• Facebook is particularly rich in content, with regular posts featuring news, updates, and educational facts. Their activity on this platform ensures that users are kept informed on a near-daily basis, covering market trends and broker-related updates.
• Instagram showcases visual content and updates, appealing to those who prefer quick, visual insights into the markets and Gulf Brokers’ activities.
• Twitter serves as a platform for brief updates and real-time market news.
• YouTube houses a collection of video content, including tutorials and market analysis.

Here are the links to their social media profiles:

• YouTube: Gulf Brokers YouTube Channel
• Instagram: Gulf Brokers on Instagram
• Facebook: Gulf Brokers on Facebook
• Twitter: Gulf Brokers on Twitter

Conclusion

Gulf Brokers offers standout opportunities, notably with a bonus program that can reach up to $100,000, making it one of the most generous in the industry. In addition to this lucrative bonus, Gulf Brokers rewards clients with commissions for referrals.

Their impressive selection of 60 currency pairs is among the best available, with few competitors offering as many options. While they provide a single account type, traders can also opt for an Islamic account that operates without swaps. Noteworthy is their comprehensive educational courses, which are particularly beneficial for beginners. Additionally, traders can manage their investments through the MyGulfBrokers online platform.

PROS:	CONS:
800+ financial CFD instruments	Some countries cannot trade on the platform
24/5 customer support.
No fees on deposits and withdrawals.
Up to 1:500 leverage available.
Generous bonuses and referral programs
World award winner
Good collection of educational material

We hope this review has provided useful insights for selecting a broker that suits your needs.

This review is also avalible in: Czech