Gulf Brokers DMCC Review 2019 | Is Gulf Brokers DMCC a Scam or Legit Forex Broker?

Read our Gulf Brokers DMCC review to find out if Gulf Brokers DMCC is a scam or a reliable forex broker. Unbiased Forex brokers reviews combined with user comments.

Average broker rating

3.3/ 5

Rating breakdown

Protection & Regulations
40% Complete (danger)
2.0/5
Trading platforms
80% Complete (danger)
4.0/5
Tradable Products
100% Complete (danger)
5.0/5
Deposit and withdrawal
100% Complete (danger)
5.0/5
Trading Fees
20% Complete (danger)
1.0/5
Support
60% Complete (danger)
3.0/5
Gulf Brokers DMCC
Gulf Brokers DMCC Overview

Gulf Brokers is a financial investment firm that offers futures and derivatives for trading over the internet. The broker is located in Dubai, UAE and has been in operation since 2007.

# Broker's Features GULF BROKERS DMCC Availability
# Commissions
# Hedging
# PAMM
# Scalping
# Accepts US traders
# 24 hour trading
# Swaps
# Demo account
# Daily analysis
# Automated trading
# Mobile trading
# Trading by phone
# 1st deposit bonus
# Forex contests competitions
# Bonuses Promotions
# Interest charges on the balance
# Free education
# Expert advisors
# Partnership programs
# Trust management
# 24 hour support

The variety of online brokers on the internet is very huge, so it is necessary to do a transparent review and comparison of the companies. After spending several days researching different forex brokers for trading FX, our team at onlineforextrading.net team collected over 50 data points. For this review, we will review Gulf Brokers DMCC.

Financial Trading and Investment Services: First of all, you should know which financial instrument you want to trade and then searching for the right broker. This can be stocks, forex, CFDs, cryptocurrencies or options. Gulf Brokers DMCC offers Online Financial Trading and Investment Services Such as Currencies, Commodities, Stocks, Futures, Options.

Tradable Products: Gulf Brokers offers 14 currencies pairs, 6 Hydrocarbons, 7 Metals, 18 stocks and 1 option. The number of assets offered by Gulf Brokers is quite low when compared to other regulated entities.

Broker Type: Many types of brokers can be found in the most dynamic market in the world. Gulf Brokers DMCC is Dealing Desk, DMA.

Features: The only trading feature of note is the market news, which is provided to traders on the Gulf Brokers’ website.

Minimum Deposit Requirement: To properly understand if a broker is suitable for a certain trader, we will then take a look at how much is required as a basic minimum to open an account. You need to consider how much money you can spare to start off a Forex brokerage. Gulf Brokers DMCC recommended minimum capital is $500.

Is the Forex broker regulated? Commissions and fees aside, let's take a look at regulation. Trust is critical, and you should highly consider choosing a broker that regulated in a major hub. Gulf Brokers DMCC is regulated by ESCA. For our reviews, official regulation of an official financial authoritarian is required. Brokers have to fulfill certain conditions to get these licenses. In order to violate the rules, they would lose their license and a lot of money.

Investor Protection & Regulations: Investor protection on Gulf Brokers is via regulation with ESCA in the UAE, segregation of funds in top rated banks and via strict compliance with KYC procedures. The broker uses modern security technologies to protect investors.

Languages Available: Next lets have a look at each broker's different Language options. Gulf Brokers DMCC offers Arabic, English.

Payment methods: Next lets have a look at each broker's payment options. Gulf Brokers DMCC offers Wire Transfer different payment methods for each account types.

Deposit and withdrawal: Gulf offers debit/credit cards and wire transfers as the payment systems used for funding trading accounts. The two methods can also be used for withdrawals.

Trading platforms: Next, let's look at the tools and features fx traders desire. With trading platforms, Gulf Brokers DMCC makes MetaTrader 5 available to clients.

Web & Desktop Trading Platforms: The only trading platform offered by Gulf Brokers is the MT5. The platform is available as WebTrader, windows desktop application and as mobile apps.
Mobile Trading Platforms: The MT5 mobile apps are available for download on the Android and iOS stores. The app can be used to manage orders, trader accounts and perform technical analysis.

Other

Trader Education
No trader education is provided.

Promotions
There are no bonuses or promotions on the Gulf Brokers platform.

Support
The customer support team works on a 24/5 time schedule. The support team can be reached via phone and email. Support is offered in English and Arabic.

Recup
Gulf Brokers began operations since 2007 in the UAE. The broker promises clients’ fund security, speedy trade executions and excellent customer service. It is regulated by the ESCA which monitors all its operations ensuring conformity to standards. The MT5 platform provided is modern, versatile and very flexible.

Final Thoughts
Unfortunately we can not credit Gulf Brokers for their Seychelles license, because it does little to guarantee the safety of their clients' funds and as we already noted, it can not be compared with a license issued by well respected financial watchdogs like FCA in the UK, CySEC in Cyprus or ASIC in Australia. On top of that starting spreads as high as 3 pips are far form attractive.

Trading Experience
Gulf Brokers’ services are best for intermediate traders. It does not favour beginner traders neither will it satisfy expert traders.

People Also Asked

Is Gulf Brokers DMCC regulated?
Yes, Gulf Brokers DMCC is regulated by top-tier regulators, ESCA inclusive.
Where is Gulf Brokers DMCC based?
Gulf Brokers DMCC is based in , UAE
How does Gulf Brokers DMCC make money?
Gulf Brokers DMCC charges a spread between the bid price and ask price. In some instances it also charges a commission.
How do I deposit in Gulf Brokers DMCC account?
With Gulf Brokers DMCC you can deposit money via the following means; Wire Transfer.
How do I withdrawal in Gulf Brokers DMCC account?
Gulf Brokers DMCC lets you request a withdrawal of funds from your account via the following means; Wire Transfer.
What is the minimum deposit for Gulf Brokers DMCC?
Gulf Brokers DMCC has $500 minimum deposit.
What are the available account base currencies with Gulf Brokers DMCC?
Gulf Brokers DMCC trading accounts are offered in N/A. If your country's currency isn't included in the list, you will need to open an account with another currency base.
What is the max leverage in Gulf Brokers DMCC?
Gulf Brokers DMCC has a maximum leverage is 1:N/A for professional traders.
How do I open an account with Gulf Brokers DMCC?
Opening an account with Gulf Brokers DMCC is a three-step process. First fill out the registration form, second is to send verification details to the verification department and lastly is to fund your account.
Does Gulf Brokers DMCC use MetaTrader?
Gulf Brokers DMCC platforms: Yes, Gulf Brokers DMCC use MetaTrader as well as the following platforms: MetaTrader 5
What type of broker is Gulf Brokers DMCC?
Gulf Brokers DMCC appears to be a Dealing Desk, DMA broker which offers market access to a variety of traders.
Does Gulf Brokers DMCC accept US clients?
No
Does Gulf Brokers DMCC offers Islamic accounts ?
Yes
What financial instruments can I trade?
You can trade a wide variety of instruments with Gulf Brokers DMCC: You can trade a wide variety of instruments with Gulf Brokers DMCC: Currencies, Commodities, Stocks, Futures, Options