Compare forex brokers Gulf Brokers DMCC VS Spreadex

If you're choosing between Gulf Brokers DMCC and Spreadex forex brokers, we've compared hundreds of data points side-by-side to make finding the right broker for you easier. Is Gulf Brokers DMCC better than Spreadex? After assessing the two forex brokers on nearly 50 different variables, we would be able to get into an informed conclusion.

GULF BROKERS DMCC VS SPREADEX

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.

Spreadex
Spreadex Overview

Spreadex is a Spread Betting and CFD broker regulated by the UK Financial Conduct Authority (FCA). They offer a wide range of tradable asset classes across Indices, Shares, Forex, Commodities, Bonds, Interest Rates, ETFs, Options and Cryptocurrencies on their own unique proprietary trading platform for Web, Android and iOS.

# Broker's Features GULF BROKERS DMCC Availability SPREADEX 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 compare Gulf Brokers DMCC vs Spreadex.

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, while Spreadex offers Currencies, Commodities, Indices, Stocks, Bonds, Cryptocurrency, Options.

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

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, while Spreadex regulated by FCA. 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.

Account currencies: Next lets consider the Account currencies each broker offers. Gulf Brokers DMCC offers different account currencies for each account types, while Spreadex offers USD, EUR, GBP account currencies.

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

Payment methods: Next lets have a look at each broker's payment options. Gulf Brokers DMCC offers Bank Wire Transfer different payment methods for each account types, while Spreadex offers Credit/Debit Cards, Bank Transfer, Skrill, Payoneer payment methods.

Trading platforms: Next, let's look at the tools and features fx traders desire. With trading platforms, Gulf Brokers DMCC makes MT5 available to clients, while Spreadex offers WebTrader.

The Verdict: Gulf Brokers DMCC or Spreadex?

There’s no such thing as a perfect broker, but some are going to be a better fit for you than others.

Objectively, Spreadex is more reliable based on our criteria above. Only Spreadex offers demo account, allowing you to test their platform to see which is suitable for you. Spreadex offers a wider range of Account currencies. Why does base currencies matter? Because if you fund your account in the same currency as your bank account, currency conversion fees won't be charged. As a market maker, Spreadex may have lower entry requirements compared to an ECN broker who benefits from a higher volume of trades and typically has larger capital and minimum trade requirements. Market makers typically have a lower minimum deposit, smaller minimum trade requirements and no commission on trades.

Finally, if you're really not sure you can always use our free tool (takes 15 seconds) that will help you find a suitable Personalised Broker based on your precise requirements here.

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