GBE Brokers Review Is Gbebrokers.com a Legit Forex Broker

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GBEBrokers.com Review Visit site

A representative of GBE Brokers is so desperate to have the fact that GBE-Brokers.com was previously operating from the Sensus-Capital.com domain name that he wrote.

GBE’s management is asking if GBE would spend 1,000 USD in FPA’s advertising would you delete he sentence containing Sensus Capital?

The FPA considers this offer to be a bribe attempt designed to hide facts from clients and potential clients. The FPA does NOT accept bribes.

Advertising contracts only buy banner space, not special treatment in the reviews.

The FPA recommends EXTREME CAUTION dealing with companies that try to use money to hide facts.

In 2020, GBE Brokers acquired clients and key personnel from Sensus Capital as well as the Sensus-Capital.com domain name. The Sensus Capital company itself rebranded and is not related to GBEBrokers.

About GBEBrokers.com

GBE Brokers is a forex broker. GBEBrokers offers the MetaTrader 4, MT Mobile, and MetaTrader 5 fx online trading top platform. GBEBrokers.com offers over 70 of the most traded currency pairs as well as CFDs on indices, stocks, bonds, commodities, metals and crypto-currencies for your personal investment and trading options.

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Broker Details

Minimum Trade Size: 0.01
Maximum Leverage: 1000:1
Minimum to Open Live: $500
Established: 2020
Address: Corner of Ayiou Andreou and Arch. Kyprianou Street Loucaides Building, 4th Floor 3036 Limassol, Cyprus
Contact: [email protected], (+)4940605901040
Regional offices:
Regulators: CySEC #240/14, BaFIN #324205
Prohibited countries:

Yes

Yes

Yes

Trading platforms: MT4, MT5
Web Trading:
Mobile Trading:
ECN:
Currencies: (70+)
Cryptocurrencies: (5+) Bitcoin, Litecoin, Ethereum
CFD: (115+) Gold, Silver, Other Precious Metals, Stocks, Stock Indexes, Bonds, Oil, Other Commodities

Yes

Yes

Yes

EAs/Robots:
MAM:
PAMM:
Deposit Methods: Bank Wire, VISA, MasterCard, Neteller, Skrill
Withdrawal Methods: Bank Wire, VISA, MasterCard, Neteller, Skrill

Live discussion

Join live discussion of GBEBrokers.com on our forum

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Video

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Let other traders know if this service is worth checking or should be avoided.

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Consumer Reviews

I highly recommend dealing with them

Service use: Demo

Length of use: 0-3 Months

GBEbrokers highly recommend review

I am a fan of services that play GBE Brokers the best spreads and carry out trades. For me GBE is the best broker I had! It is highly recommended.
It was updated on December 17, 20

Service use: Live

Length of use: 0-3 Months

Service use: Live

Length of use: 6-12 Months

Ref. my post concerning my screen freezing up when important news hits the wires: the cause is, in fact, in my software being overloaded – which probably explains why the chart on my android phone doesn’t freeze. GBE Brokers have, in the meantime, made this clear to me and pointed out ways to prevent the freezing. Good service!

Jan 19, 2020 – 2 Stars My windows MT4 screen freezes or becomes unstable when important news hits the wires. I can then only trade on my android phone, and then only if my position is falling or turning negative. Am I alone with this – something I otherwise only experienced with OTC brokers, Are GBE Brokers really an ECN broker?

I have been using GBE Brokers (for fx trading) since shortly before they changed their name from Sensus Capital. Everything worked as I had expected until the name change came. I like to scalp, especially retracements in fast moving markets, and was successful until the name changed. Since then my windows MT4 version has been freezing or becoming unstable when market moving news hits the wires. I have, however, been able to trade using my android phone. That wouldn’t be so bad if I were not only able to close a losing position or a falling positive position.

GBE Brokers are supposed to be an ECN Broker, so how come it is now almost impossible for me to scalp fast moving retracements unless my position is turning negative. This is the sort of thing I experienced with OTC brokers.

GBE Brokers Review: Is Gbebrokers.com a Legit Forex Broker?

Gbebrokers.com Review: this is the website of a Forex brokerage that is located in Cyprus. Is it safe to invest funds with GBE Brokers? Read this revealing review to find out important details about this Forex trading company.

The most vital part of our reviews is the uncovering of if a company or Forex broker is properly licensed or not. To do this, we first establish the location or region where it claims to be based. Then we check with the commission or authority regulating trade there whether it is listed among regulated companies or not.

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GBE Brokers Ltd is owned by the GBE Group and the company is headquartered in Cyprus. Forex trading in this region is under the regulation of the Cyprus Securities and Exchange Commission (CySEC). When we checked the online register, we found that GBE Brokers Ltd is truly licensed by it and the broker is listed as one of its subsidiaries.

This is a major advantage for the brokerage because trading with a Forex broker that is licensed reduces many dangers to traders’ funds. Misappropriated funds can be recoverable by the government as well. Licensed brokerages are under many rules of trade and this gives traders a level of assurance.

Advantages of GBE Brokers

Traders who choose this broker are assured of an order size starting from 0.01 and zero commissions (this is subject to terms and conditions). Since they have strong relationships with top-tier banks they offer deep liquidity. Executions are carried out with speed and it applies negative balance protection to give funds security.

It is common for Forex brokers to start out with claims of making clients richer. This is because everyone seeking out easier ways to trade effectively does so to make more profit.

However, traders need to be careful about believing everything they encounter in the business sphere. Some are geared to just deceive and steal their funds. Considering what is offered and proofs are effective means of discovering fraud as well as reading our reviews and comparing the offers to those of other legit brokers at the bottom of this article.

Spreads are tight and support is offered in different languages of the world. A large range of products is available to traders as well.

GBE Brokers Trading Platform

GBEBrokers gives traders access to the MT4 and MT5 trading platforms. We advise readers and traders to always look out for the MT4 or MT5 platforms. The MetaTrader platforms are commonly used because they allow the use of trading robots.

Legit brokers are known to offer at least the popular MetaTrader 4 or 5 trading platform.

These platforms are very good signs as they have become some of the most widely used by experienced traders. They are found to be compatible with various devices’ operating systems. All can be used on desktops, Linus, Windows, iOS, and Android.

Tools that come with these trading platforms are also found to be useful for traders. It has proven to be user-friendly as well and helps traders in analyzing the market easily.

Trading instruments offered to traders are 70+ currency pairs, 10+ cryptocurrencies, and CFDs on 105+ commodities, stocks, and indexes. We know that legit brokers offer currency pairs, indices, CFDs on many commodities and cryptocurrencies. It is important to let traders know the options open to them.

The maximum leverage offered to clients is 1:1000 and while this may seem generous, it is not advisable. High leverages can lead to a huge loss of funds as well. Spreads are said to be tight but not specified.

Spreads of 1.5 pips or below are what is obtainable in the forex industry and traders are asked to look out for this. Leverages of between 1:30, 1:50 and 1:25 are also common among regulated brokers.

Deposit and Withdrawal methods on GBE Brokers

The means of making deposits and withdrawals with this broker are VISA, MasterCard, Bank Wire, Neteller, and Skrill. We find it encouraging that some e-wallets are allowed for transactions.

This is because standard and legit brokers make deposits and withdrawals available via Visa, MasterCard, and Wire Transfer. Many offer e-wallets like Skrill, Neteller, UnionPay, FasaPay, and so on.

The minimum deposit required is $500 and we find that this is higher than the obtainable average of $100 to $250 usually required by many other brokers. Withdrawal fees are not mentioned and this may be because they do not apply. However, we will appreciate it if this is stated.

This information is important so that clients can invest any little amount they can spare. In order to be able to first watch the working of the brokerage. If then they are satisfied with what they see, they can determine when to withdraw their money.

Is GBE Brokers Licensed?

Yes. GBE Brokers is a properly licensed and registered Forex brokerage. It is authorized to trade by the Cyprus Securities and Exchange Commission (CySEC) under the company name, GBE Group.

Regulated Forex brokers in Europe, America, Africa, Australia, and Asia are under many strict rules. The regulatory bodies like the FCA, FSCA, CySEC, AISC, NFA and many others have regulations protecting Forex traders from unfair brokers. This is why they come top as recommended Forex brokers.

Support

To get in touch with the broker or an agent of the customer support service, call +4940605901040 or email at [email protected]

Conclusion

GBE Brokers holds a proper license from one of Europe’s topmost trading authorities and thus gets a high rating from us. Trading conditions are also encouraging beside the high minimum deposit requirement. Transaction methods are also encouraging but may not cover lots of options. If you have anything to say about this broker, do so in the comment section.

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Fortrade

Fortrade is a UK-based broker with address at Michelin House, 81 Fulham Road London, SW3 6RD, United Kingdom. They are among the best brokers in the industry offering trades in numerous assets including stocks, commodities, currencies, indices, and cryptocurrencies. Fortrade is regulated and licensed by the FCA(Financial Conduct Authority) in the UK well as ASIC in Australia which makes client funds safe. They accept traders worldwide.. visit their official website

GBE Brokers Review – Is gbebrokers.com scam or good forex broker

Account Types

Account Type Minimum Deposit Minimum trade size Maximum leverage Spreads
Traditional Spread €1,000 0.01 (micro lot) 1:500 from 0.7 pips EUR/USD
Raw Spread €1,000 0.01 (micro lot) 1:500 from 0.0 pips EUR/USD+ $3,50/€3,00 per lot

GBE Brokers offers its clients a choice of two basic account types: a Traditional Spread account, where all costs are included in the spread, (suitable for discretionary traders), and a Raw Spread account offering, as its name suggests, raw spreads, plus commissions (suitable for EAs & Scalpers).

In addition, this broker also provides a demo account, which is always appreciated by newbies. Like most brokers, GBE Brokers also offer swap-free (Islamic) accounts to Muslim clients.

What is more, the broker provides Managed Accounts. PAMM (Percentage Allocation Management Module) is a trading tool that enables a professional trader to act simultaneously for more than one account. Clients, on the other hand, benefit from the performance of a professional who trades their account and supports them to participate in the markets instantaneously.

The Company. Security of Funds

Founded in 2020, GBE Brokers is a broker for private and institutional traders with product focus on foreign exchange and CFD-trading through the most common MetaTrader 4 platform. Currently the broker offers 75 FX pairs and 41 CFD.

GBE Brokers is a brand of GBE brokers Ltd. (ex GBE Safepay Transactions Ltd), licensed and regulated by the Cyprus Securities and Exchange Commission (CySEC).

CySEC applies a set of rules and requirements to license holders, which are not as strict as those set by UK’s financial watchdog for instance, yet they provide a certain level of security.

First of all, CySEC requires Cyprus-based forex brokers to hold a minimum of €1,000,000 in order to priove their financial stability. Moreover, all CySEC-regulated companies are members of the Investor Compensation Fund, able to provide compensations to a maximum of 20,000 EUR per person in the event that the broker is in default. Such compensation schemes serve as additional guarantee to clients’ funds.

In addition, as CySEC is part of the European MiFID regulations, and the companies regulated by the Cypriot financial watchdog are free to operate in all EU Member States.

Furthermore, the broker is registered with the German Federal Financial Supervisory Authority (BaFin).

Trading Conditions

Minimum Initial Deposit
The minimum initial deposit for GBE Brokers’ clients is €1,000, which is a high initial amount, taking into account that XM, as well as FXTM, both Cyprus-based brokerages, require just $5 from traders to open an account.

Average Spreads & Commissions
GBE Brokers offers comparatively low floating spreads, which vary by account category – starting from 0.7 pips on EUR/USD for the commission-free accounts and from 0,0 pips on EUR/USD on the Row Spread account, which incurs a commission of $3,50 per lot (per side). So, basically the trading costs on the two accounts are similar, except for large volume traders, who are getting a discount on commission fees.

In comparison, XM offers spreads from 1 pips on EUR/USD for its commission-free accounts and FxPro (also holding a CySEC license) provides average spreads of 0.4 pips on the EUR/USD for its cTrader accounts, charged $4.5 per standard lot.

In addition, we would like to point out that GBE Brokers practice price improvement a.k.a. positive slippage.

Maximun Leverage
This broker offers leverage from 1:200 up to 1:500. Leverage ratios of 1:200 is considered standard, and such of 1:500 are comparatively high. Nontheless, many other Cyprus-based brokers provide even higher leverage levels: FXTM offers leverage levels as high as 1:1000 and XM – 1:888. More forex brokers, offering leverage 1:500 and higher can be viewed here.

We advise traders to be careful with trading on margin, for high leverage levels may lead to heavy losses in excess of their initial investments.

Trading Platforms

Like most forex brokers, GBE Brokers supports the famous trading platform MetaTrader 4 (MT4), as well as its successor, the MT5. MetaTrader 4 is preferred by most traders, because it is equipped with an advanced charting package, a number of technical indicators, extensive back-testing environment and Expert Advisors (EA). Here is a list of more forex brokers offering MT4 platform.

What is more, free VPS (Virtual Private Server) hosting is available to GBE Brokers’ clients, allowing them to run automated algorithmic strategies 24/7 on a virtual machine in a data center. This minimizes the execution time of orders and you don’t need to keep your own computer running at home all the time.

In addition to the MT4 platform, GBE Brokers offers the opportunity to trade via FIX API. The obvious advantage is the much lower latency to process orders via FIX API versus the Metatrader 4 platform. Execution times of just a few milliseconds are normal for FIX API trading.

The broker is now delivering its liquidity via PrimeXM’s low latency order routing and pricing engine XCore.

Promotions
Like many other brokers, this one also offers a Refer a Friend bonus.

If a client recommends GBE BRokers, he/she will receive €100 credit as a loyalty bonus, as soon as the referral has activated their account with a minimum payment of €2,500 and performed ten trades. The referral, on the other hand, will be credited with the a welcome bonus of € 50 in the month following account activation.

Methods of Payment

There are several payment methods available to GBE Brokers’ clients: bank wire transfer, credit card, Skrill, and Neteller. Bank transfers are free of charge, credit card deposit payments incur 2,5% fee, Neteller ones – 3,6 % and Skrill – 2,9%.

All withdrawals will be charged with 15.00 EURO / 20.00 USD / 20.00 CHF.

Account Currency Base: EUR, USD, CHF.

Conclusion

GBE BRokers is a reliable and well-regulated STP broker, offering trade in more than 120 currency pairs and the most common CFDs through the famous MT4 platform under fairly good trading conditions. To sum up the above, here are the advantages and drawbacks in relation to this broker:

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