Overview

GULF BROKERS LTD. is a limited liability company registered in Seychelles. It deals in Forex, Stocks, Cryptocurrencies, and indices. Although it is registered, it is not regulated.

Regulations

No Regulation

Pros:

  • 1-minute registration process.
  • Free $100,000 demo account.
  • No deposit and withdrawal fees.
  • Online Trading Academy has courses for beginners to advance.

Cons:

  • Lack of regulation.
  • High minimum deposit requirements start from 20000$.
  • High Swap charges.
  • Forex Withdrawal issues.
  • Limited trading platforms.
  • Questionable Customer support.

Platforms:

Mt5

Is Gulf Brokers safe for traders?

Any Forex Regulatory Authority does not regulate Gulf Brokers. Clients have pointed towards intentional loss of money, changing multiple agents to hide mistakes, and avoiding paying profits by delaying through poor customer service. These factors strongly suggest that Gulf Brokers may be a scam company. It is Unsafe to trade with Gulf Brokers, as investors could fall victim to forex fraud.

VYFXB Analysis of Gulf Brokers:

Gulf Brokers makes it easy to sign up with a quick 1-minute registration process. They also offer a sizable $100,000 demo account and no deposit or withdrawal fees. Their Online Trading Academy provides courses for all levels of traders. However, there are some major downsides. They lack regulation, require a high minimum deposit, and have high swap charges. There are also issues with forex withdrawals, and the company has questionable customer support, often changing multiple agents to cover their mistakes and keep the client. We advise conducting thorough due diligence to protect yourself from trading scams. Reading Forex Broker Reviews could help safeguard investors from scamming websites.
Best Forex Broker -VYFXB Scale= 1.5/5