Trading in leveraged products carries a high level of risk and may not be suitable for all investors. The past performance of an investment is no guide to its performance in the future. Investments or investment income can fluctuate. You may not necessarily get the amount you invested in the beginning as a return.
General Information & Regulation
||Offshore regulated by FSA
||CFDs on Forex, Shares, Commodities, Indices
||Yes ($100k virtual capital)
||From 3 pips
||Vary on the asset class
|Deposit & Withdrawal Method
||debit/credit cards (Visa/MasterCard)
Founded in 2017, GULF BROKERS is an online broker and is a limited liability company offshore regulated as a Securities Dealer by the Seychelles Financial Services Authority of Seychelles (FSA) with license number SD013 and with company number 8417634-1 to carry out certain categories of financial investment business as permitted under the Seychelles Securities Act 2007.
Here is the home page of this brokers official site:
As for regulation, GULF BROKERS is offshore regulated by The Seychelles Financial Services Authority (FSA). That is why its regulatory status on WikiFX is listed as “Offshore Regulatory” and receives a relatively low score of 3.34/10. Please be aware of the risk.
Note: The screenshot date is February 8, 2023. WikiFX gives dynamic scores, which will update in real-time based on the broker's dynamics. So the scores taken at the current time do not represent past and future scores.
GULF BROKERS offers clients the ability to trade on a wide range of financial CFD instruments covering Forex, Shares, Indices and Commodities.
GULF BROKERS seems to only offer one live account type. It also offers free demo accounts with $100k virtual capital.
GULF BROKERS offers the Forex & CFD Account, which enables the trading of all the financial instruments on Gulf Brokers, the Islamic Account designed for Muslim clients as well as the Demo Account. The maximum leverage is up to 1:500.
It is important to keep in mind that the greater the leverage, the greater the risk of losing your deposited capital. The use of leverage can both work in your favour and against you.
Spreads & Commissions
The spread for EUR/USD and USD/JPY is 3 pips, which is the starting spread at GULF BROKERS. The spread for EUR/JPY is 4 pips. Trading costs vary between each market with Forex, Indices and Commodities being commission-free and share trading being commission-based with a minimum of 20 USD or 0.5% of the volume traded.
GULF BROKERS provides investors with the MetaTrader5 platform for Web, Windows and Mobile. This trading terminal is highly praised by traders and brokers alike due to its ease of use and great functionality. The MT5 offers top-notch charting and flexible customization options. It is especially popular for its automated trading bots, a.k.a. Expert Advisors.
Deposit & Withdrawal
GULF BROKERS offers fee-free deposits and withdrawals via debit/credit cards (Visa/MasterCard). The first-time minimum deposit on Gulf Brokers is $500. Withdrawals involve filling out an online withdrawal request form on the website. No fees are charged on deposits and withdrawals.
The Maintenance Fee will be charged if there are no transactions (deposits, withdrawals or trading activity) on your Trading Account for at least one (1) month or more.
Clients can get their questions, comments and concerns about GULF BROKERS‘ services attended to by customer service 24 hours daily on weekdays. They can be contacted by phone: +44 208 068 9908, email: email@example.com or the ’contact us‘ form on the broker’s website. You can also follow this broker on social networks such as Twitter, Facebook and Instagram.
Pros & Cons
|• Wide range of trading assets
||• Offshore regulated by FSA
|• Demo accounts available
||• Regional restrictions
|• MT5 supported
||• High minimum deposit ($500)
||• Limited funding options
Frequently Asked Questions (FAQs)
||Is GULF BROKERS regulated？
||No. GULF BROKERS is offshore regulated as a Securities Dealer by the Seychelles Financial Services Authority of Seychelles (FSA).
||At GULF BROKERS, are there any regional restrictions for traders？
||Yes. GULF BROKERS does not offer its services to the residents of certain jurisdictions such as Afghanistan, Cuba, Crimea, Israel, Sudan, North Korea, Ethiopia, Iran, Bosna and Herzegovina, Iraq, Lao People's Democratic Republic, Syria, Uganda, Vanuatu, Yemen and EU residents.
||Does GULF BROKERS offer demo accounts？
||Yes. GULF BROKERS offers free demo accounts with $100k virtual capital.
||Does GULF BROKERS offer the industry-standard MT4 & MT5？
||Yes. GULF BROKERS supports MT5.
||What is the minimum deposit for GULF BROKERS？
||The minimum initial deposit to open an account is $500.
||Is GULF BROKERS a good broker for beginners？
||No. GULF BROKERS is not a good choice for beginners. Not only because of its unregulated condition, but also because of its high initial deposit requirement.