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GBE brokers | 2024-09-25 10:37

Abstract：Regulated by FSA, GBE is an online forex and CFD broker that offers a user-friendly MetaTrader 5 platform for trading various assets, including forex, commodities, indices, and cryptocurrencies. While multiple account types and a demo account are provided for different experience levels, GBE is an offshore regulated firm. Besides, the minimum deposit is relatively high.

GBE Information

Regulated by FSA, GBE is an online forex and CFD broker that offers a user-friendly MetaTrader 5 platform for trading various assets, including forex, commodities, indices, and cryptocurrencies. While multiple account types and a demo account are provided for different experience levels, GBE is an offshore regulated firm. Besides, the minimum deposit is relatively high.

Pros and Cons

Pros	Cons
Easy-to-use MT5 platform	Offshore regulated firm
Offers three account types and a demo account	Lack of ticket support system
Offers multiple assets to trade	High minimum deposit
Offers flexible spread from 0 pip

Is GBE Legit?

GBE is officially licensed and offshore regulated by the Seychelles Financial Services Authority（FSA） in Seychelles under Retail Forex License with the number SD176.

What Can I Trade on GBE?

GBE offers diverse trading instruments, allowing you to invest in global markets. You can trade many asset classes such as forex, indices, metals, energies, futures, equities, and cryptocurrencies.

Tradable Instruments	Supported
Forex	✔
Commodities	✔
Stock	✔
Indices	✔
Cryptocurrency	✔
Metals	✔
Stock	❌

Account Type

GBE offers three live trading account types, including Classic, Plus, and VIP, as well as a demo account to try for free. All account types offer the same maximum leverage of 1:400 and have no commission for trading Forex symbols (EURUSD), cryptocurrencies, indices, and more.

Account Type	Minimum Deposit	Commission Forex c-symbols (EURUSDC)	Other Key Features
GBE Classic	1,000 EUR/USD/CHF	6.50€/7.00$/7.00CHF	Lower minimum deposit, good for beginners
GBE Plus	10,000 EUR/USD/CHF	6.00€/6.50$/6.50CHF	Lower commission for c-symbols, higher minimum deposit
GBE VIP	100,000 EUR/USD/CHF	5.50€/6.00$/6.00CHF	Lowest commission for c-symbols, highest minimum deposit

GBE Fees

GBE employs a tiered system, offering benefits like lower commissions for higher deposit amounts. The variable spreads starting from 0 pip, especially for EURUSDc pairs, are generally competitive in the market. GBE supports cryptocurrency trading with a consistent 0.2% commission across all account types. The high leverage of 1:400 can cause both profits and losses, thus managing risks is very important.

Account Type	Minimum Deposit	Base Currency	Spread (EURUSDc)	Commission (EURUSDc)	Leverage	Crypto Commission
GBE Classic	1,000 EUR/USD/CHF	EUR, USD, CHF	from 0.00	6.50€/7.00$/7.00CHF	1:400	0.2% (HT)
GBE Plus	10,000 EUR/USD/CHF	EUR, USD, CHF	from 0.00	6.00€/6.50$/6.50CHF	1:400	0.2% (HT)
GBE VIP	100,000 EUR/USD/CHF	EUR, USD, CHF	from 0.00	5.50€/6.00$/6.00CHF	1:400	0.2% (HT)

Trading Platform

Trading Platform	Supported	Available Devices	Suitable for
Metatrader 5	✔	PC and Mobile	Investors of all experience levels

Deposit and Withdrawal

GBE charges a fee of 0.15% for deposits and withdrawals with Absa Bank. If you pay with payabl, the fee is free of charge. The minimum deposit is $500.

Deposit Options

Deposit Options	Min. Deposit	Fees	Processing Time
Absa Bank	500 EUR/USD/CHF	0.15% (min. 15 EUR/ 20 USD)	1-4 bank working days
payabl	500 USD	Free of charge*	1-4 bank working days

Withdrawal Options

Withdrawal Options	Min. Withdrawal	Fees	Processing Time
Absa Bank	N/A (likely depends on the amount in your account)	0.15% (min. 15 EUR/ 20 USD)	1-4 business days
payabl	N/A (likely depends on the amount in your account)	Free of charge*	1-4 business days

Customer Service

You can reach out to GBE 7/24 by email at support@gbebrokers.global or by phone at +971 524 50 41 86.

Contact Options	Details
Phone	+971 524 50 41 86
Email	support@gbebrokers.global
Support Ticket System	❌
Online Chat	✔
Social Media	Facebook, Instagram, Twitter, YouTube, etc
Supported Language	English
Website Language	English
Physical Address	GBE Global LtdCT House, Office 9A, Providence, Mahe, Seychelles

The Bottom Line

GBE offers a user-friendly MetaTrader 5 platform and multiple tradable assets, making it attractive for beginners and experienced traders alike. Nonetheless, regulation by the FSA is seen as less stringent than from other main regulatory authorities. And the minimum deposit amount is relatively high. While GBE is be suitable for experienced traders who are experienced in dealing with the risks of an offshore regulatory environment.

FAQs

Is GBE a regulated broker?

Yes, GBE is regulated by the Seychelles Financial Services Authority (FSA).

What is the minimum deposit to open a GBE account?

The minimum deposit depends on the type of account. The Classic account generally demands a lower minimum deposit compared to the Plus and VIP accounts.

What trading platforms does GBE offer?

GBE primarily offers the MetaTrader 5 (MT5) trading platform. MT5 is a popular choice among traders due to its advanced features and customization options.

Risk Warning

There is a risk involved when trading online, which may not be suitable for all clients. You should make sure you understand the risks involved and be aware of the information above from this review.