One of the biggest compliments Forex brokers can get is a positive feedback of their clients. Definitely, it is the greatest and most trustworthy advertisement when clients speak up for their broker. The Forex industry has to deal with a lot of bad reputations, horror stories, and stealing, and a good review sounds very refreshing for a change. We cannot even tell what the ratio in the market between good and bad brokers is, but they are probably equal in number. GBE Brokers is one of the rare brokers who makes its clients happy. The broker is so good that a GBE Brokers client turned investment manager and takes care now of other people’s funds with a registered PAMM account at the broker’s. Other clients also praise the polite customer service, the punctual payouts, and the overall conduct.
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GBE Brokers History
GBEBrokers is a Cyprus-based broker who has first operated under the name GBE Safepay Transactions LTD. before it switched to GBE Brokers in 2014 and secured a CySEC license. This year, the broker also applied for the FCA license which they also obtained. The broker deals in CFDs, Forex, commodities, indices, etc. Over 120 currency pairs and 20 CFDs are available for trade. Private and institutional clients are both welcome to join the broker who follows complex legal procedures to meet the regulation standards and to maintain its licenses. The broker’s liquidity is always watched by the CySEC people who monitor the broker and their development. Since the broker is one of the innovative brokers, who used the advantages of today’s way of life and entered social trading as well. GBE Brokers allow access to their traders to myFXBook which enables less experienced traders to copy form the more experienced one. The traders gain access to detailed strategies, risks taken, accounts, etc.
Trading Platform
This broker also offers the most popular platform that the Forex world has seen. The Meta Quote family produced the miraculous platform that rests on the combination of an easy interface and complex features. The MT4 displays efficient tools which are easy to use and set-up. This platform allows strategy building, automated assistance, hedging, scalping, etc. it can be downloaded to Windows and Mac computers. If you do not like downloads, you can use the MT4 Webtrader which can be directly accessed from any browser. Still, if you are not a fan of desktop trading, then you can simply download the GBE Brokers mobile app for all-around-the-clock access.
Trading Accounts
Besides individual and PAMM accounts, there are two types of accounts within the two groups. The broker offers the Traditional spread account with a minimum deposit of $1,000 and spreads already from 0.7 pips. Leverage varies between 1:200 and 1:500. Traders can choose between 125 currency pairs. The other account is the Raw Spread account with the same minimum deposit amount. The pips with this account already start at 0 pips. This account, of course, comes with a commission of $3 per trade lot. This account is aimed at scalpers who can optimize their results with this kind of account.
GBE Brokers Bonus
Traders are usually lured into the Forex business with lucrative bonuses which sometimes do not turned out as advertised by specific brokers. GBE Brokers is the living proof that a bonus is not essential to have satisfied clients. The broker offers no bonuses but focuses rather on a great trading experience and fast execution. The GBE Brokers seem to have no problem with that and appreciate the broker for honesty and other qualities instead of for free money. In general, bonuses are as nice as dangerous since they can manipulate traders into spending small fortunes for a low bonus amount. GBE Brokers seems to be straightforward with its no bonus policy and it does not need such a kind of attention.
Funding Options
A good broker needs to offer the safest and fastest payment methods. electronic payment systems became mass-used, and many rely on e-wallets for efficient trading. E-wallets are convenient because they come with smaller or no additional charges and they are faster than wire transfers and credit cards. GBE Brokers offers all of it from wire transfer and credit cards to e-wallets like Skrill and Neteller. The broker may have additional transaction charges which is not clearly specified. The best thing would be to contact customer support to find out the details. Withdrawal processing takes up to 1 business day.
Customer Support
The major characteristics of GBE Customer support are:
- Efficiency and competence
- Availability
- Fast reply
- Client is king
- Friendliness
- Professionalism
The customer support can be reached via phone, e-mail, and live chat which constantly pops up when you visit the GBE Brokers website.