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||TRADEAPP Availability|
|#||Accepts US traders||❌||❌|
|#||24 hour trading||❌||❌|
|#||Trading by phone||❌||❌|
|#||1st deposit bonus||❌||❌|
|#||Forex contests competitions||❌||❌|
|#||Interest charges on the balance||❌||❌|
|#||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 Tradeapp.
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 Tradeapp offers Currencies, Commodities, Indices, Stocks, Cryptocurrency, Futures.
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 Tradeapp is STP.
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 Tradeapp regulated by CySEC, FSCA. 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 Tradeapp offers EUR, USD account currencies.
Languages Available: Next lets have a look at each broker's different Language options. Gulf Brokers DMCC offers Arabic, English, while Tradeapp offers English, Italian 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 Tradeapp offers Credit/Debit Cards, E Merchant Payment Solutions, Neteller, Skrill, Sofort 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 Tradeapp offers Proprietary.
There’s no such thing as a perfect broker, but some are going to be a better fit for you than others.
Objectively, Tradeapp is more reliable based on our criteria above. Regulations play a huge role in protecting the traders/investors interest as they compel the financial service providers such as forex brokers to act in a fair and ethical manner. Tradeapp broker is regulated in more major hubs. Tradeapp 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 Tradeapp offer STP execution, you can expect tighter spreads with more transparency over the price you‘re paying to execute your trades. Only Tradeapp provides training and education resources which is extremely critical to beginner traders who may not be familiar with most of what goes on in the Forex markets.
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.