GBE brokers Experiences & Review
- Last Update: March 2023
Table of Contents
3.6 out of 5 stars (based on 8 reviews)
67.3% of retail investor accounts lose money when trading CFDs with this provider.
In this Review & Test we will report about our GBE brokers experiences. We will go into the most important aspects and also offer the possibility for you to rate and comment
The most important facts about GBE brokers
GBE Brokers was founded in 2013 and is a licensed CySEC Forex and CFD provider. GBE has filed a license application with BaFIN for full regulation as a securities trading bank. GBE is specialised in the German market and has an office in Limassol, Cyprus and an office in Hamburg.
- Regulations: CySEC
- Service Phone: 040605901036
- Address: Große Elbstraße 145 B, 22767 Hamburg, Germany
Your rating of GBE brokers
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The most important facts about GBE brokers
What we liked about GBE brokers
Our experiences with GBE brokers have been positive. We are very pleased with GBE’s conditions, and we especially like the low fees for spreads and swaps. Raw spreads start at 0.0 pips and swaps are significantly lower or higher on positive than other brokers. Swing traders, in particular, should pay attention by offering CFD futures. However, there is always a choice between the cash and the futures contract, as sometimes it makes more sense to use the cash contract because of the possible positive swaps. Order execution is very fast and trader friendly, as positive slippage is also passed on. The service office from Germany offers top support with personal account managers. GBE even goes so far as to invite all traders to Hamburg for a personal meeting. GBE is currently only registered with the BaFin but has applied for a full regulation license which would make GBE a securities trading bank. With the expansion, normal portfolios of shares, ETFs etc. will be manageable there.
Spreads from 0.0 pips & positive swaps
Main office in germany
Fastest order execution (direct cable connection LD4/NY4)
CFD Futures available
What we disliked about GBE brokers
There were not many negative experiences with GBE brokers but like any broker, GBE has its disadvantages. The first point that caught the eye here is the “small” number of 250 to 300 trading instruments. Active stock traders will therefore have to make do with the most common shares at GBE. The minimum deposit of 1000€ is justified by the ESMA regulation with a leverage of 1:30, but is an exclusion criterion for traders with small accounts. The language selection of the website is somewhat limited with only 3 languages. Unfortunately, GBE does not have many learning materials or webinars available at the moment.
"Only" 250 trading instruments
Website "only" in 3 Sprachen
Min. Deposit 500€ (BrokerCheck Deal)
Few learning materials
Comparison GBE brokers vs. average Broker
- Information about the Ø Broker
Available Trading Assets
DAX Spreads
Gold Spreads
- How do I read the charts?
Which trading assets are available at GBE brokers
GBE brokers’ available trading instruments range across approximately 250 different assets. This is slightly less than the average broker. These include, but are not limited to
- +70 forex/currency pairs
- +12 Indices
- +6 Metals
- +10 ETF
- +3 Energy
- +5 cryptocurrencies
- +150 shares
- +3 Bonds
All in all GBE offers the most important and most traded instruments. However, GBE is not the right place for traders who want to trade exotic stocks.
GBE brokers Review, Experiences & Trading Conditions
Our GBE brokers review: GBE Brokers offers its customers a simple account structure. Besides the demo account, the real money account offers the choice between a traditional and a raw account. Both types of accounts are offered within one account. Therefore, you do not have to decide on one model, but trade all available asset classes within one account. In Metatrader there is, for example, the choice between Forex and ForexC. Forex would be the currency pairs with the usual spreads and ForexC would be reduced spreads with commissions. If one is uncertain one can test the different advantages on a demo account, however, we always advise to the ForexC currency pairs, because the costs are lower here altogether.
GBE Brokers’ fees are very fair for traders. The spreads are lower than most brokers as you can see in the comparison charts. The swap fees are extremely advantageous as there are not only positive swaps but also CFD futures. For example, you can trade Brent with (positive/negative) swaps or CFD futures completely without overnight fees.
GBE has a very fast and customer-friendly order execution. Positive slippage passed on after the “you get, what we get” execution. Prompt execution is guaranteed by a direct cable connection (LD4/NY4 data centre in NY and London).
There are currently around 250 trading instruments available, which will be a little low for stock lovers. Currently, Bitcoin, Bitcoin Cash, Ethereum, Litecoin and Ripple are offered as crypto-currencies. The trading software consists of the all-rounder Metatrader 4, the Metatrader 5 as well as their Mobile/Web versions.
Learning materials and webinars are scarce but the minimum deposit of 1000€ already shows that GBE is not aimed at the absolute trading beginner. From 2000€ deposit or equity GBE offers a MT4 Booster Pack with various tools like position sizes, margin, pip, pivot point or Fibonacci calculators. From 2500€ you can also easily transfer your trading account from a competing broker without having to close your current positions.
As an additional offer, GBE does not require professional traders to make any margin calls. The leverage for professional traders is optionally up to 1:200.
Scalping allowed
Hedging allowed
Negative Balance Protection
Guaranteed Stop Loss
STP/DMA Execution
ECN/RAW Account
Deposit Bonus
Loyalty Bonus
Available Trading Software and Platform at GBE brokers
GBE brokers has a focus on the MetaTrader and offers both the MT4 and MT5. The platforms are characterized by a user-friendly interface, high stability and a wide range of possibilities for market analysis. With just a few mouse clicks you can easily buy or sell stock, currency or commodity CFDs in seconds. All open trading positions are clearly displayed so that you are always informed about the current performance of your portfolio.
What do the MT4 and MT5 offer?
- More than 50 preset technical indicators
- Automated trading via Expert Advisors (EA)
- Automatic strategy tester for EAs
- Advanced functions like course alarms or trailing stops
- Available for MAC, Windows, Tablets and Smartphones.
However, the MetaTrader version of GBE is not the standard version. GBE has improved MetaTrader 4 and significantly enhanced its features. The new version of GBE brokers not only works much faster, but it also has direct access to the interbank market. This allows orders to be placed in real-time, i.e. with minimal latency, without external applications for data comparison and without automatic account synchronization.
GBE brokers’ additional trading tools include a MetaTrader 4 Booster, which is free of charge from €2000 deposit. In addition, position sizes, margin, pip, pivot points and Fibonacci calculators are offered. The offer is completed by an economic calendar and the Elbblick newsletter.
Available Accounts at GBE brokers
GBE brokers officially offers two account types, but in practice, it’s even easier. You only have one account type.
There is basically a choice between a traditional account and a raw account. The Raw account has lower spreads on Forex pairs than the Traditional account and charges commissions for it. Ultimately, the cost to the client is relatively similar, but we would always recommend the raw account for c.Forex pairs. The trader has the choice in MetaTrader whether to trade the traditional Forex pairs or the c.Forex pairs with commissions and lower spreads.
The minimum deposit is 1000€, but has been reduced to 500€ for BrokerCheck customers. If you register through our link, you will receive the same conditions but with a lower deposit.
In the Raw account the spreads start from 0.0 pips and the commissions start from 3.00€.
If someone wants to test the accounts they can do so under live conditions.
LIVE SERVER: GBEBROKERSCAP-Live
LIVE LOGIN: 10008
LIVE PASSWORD: gbe123
or
LIVE SERVER: GBEBROKERSCAP-Live
LIVE LOGIN: 10007
LIVE PASSWORD: gbe123
| Min. deposit for live account | 500-1000€ |
| MT4 Booster pack with additional functions | +2000€ |
| Switch of open equity from current Broker to GBE | +2500€ |
Deposits and withdrawals at GBE brokers
Deposits are processed relatively quickly at GBE, within 1-4 banking days. There are several deposit options, including credit cards such as Visa & Mastercard. Normal bank transfers are processed via the German Wirecard or internationally via AstraBank, SutorBank and Hellenic Bank. Skrill and Neteller are also available as faster deposit options. Paypal is possible with a 3% fee.
For further information. Wirecard Bank and Sutor Bank are members of the Deposit Protection Fund of the Association of German Banks and are subject to the supervision of the Federal Financial Supervisory Authority (BAFin).
Withdrawals are free of charge if they are transferred in EUR within the SEPA zone.
GBE promises to process all incoming payments on the same day between 09:00 and 18:00 GMT + 2 times
As with all other brokers, GBE requires the name of the account holder to match the name of the GBE broker account holder when transferring money. GBE brokers does not accept payments from third parties.
How is the service at GBE brokers
The GBE broker service is in our eyes the biggest plus point. Most brokers (especially the Cyprus-based brokers) no longer have an office in Europe, Germany or the UK and usually have outsourced support. GBE goes much further here and not only offers service with “real” English (i.e. no call centre English), but also offers the possibility to visit their office. So if you want to visit the broker and get to know the processes, you can make an appointment and visit their office in Hamburg. The address is: Große Elbstraße 145 b, 22767 Hamburg, Germany
Is GBE brokers regulated and secure?
GBE brokers Ltd is regulated by the Cyprus Securities and Exchange Commission (CySEC) under CIF licence number 240/14. In addition to its head office in Limassol, Cyprus, a branch office in Hamburg, Germany is registered and authorised to provide investment services for trading in financial instruments.
Registration with the Bafin is also available.
Summary: Review of GBE brokers
Our GBEbrokers review in summary. Although GBE is not an all-round or entry-level broker, it is recommended for advanced traders. For traders who are looking for tight spreads, fair swaps and fast execution and want to deposit more than €1000 of capital, GBE is ideal. However, due to the limited offer of 250-300 trading instruments, GBE is not recommended for equity traders. But especially Forex, indices, commodity traders are in good hands with GBE Brokers.
Highlight's of GBE brokers
Free demo account for trading beginners
250 - 300 trading assets
leverage up to 1:30 / professional up to 1:200
CFD Futures available
How do you open an account at GBE brokers
By regulation, every new client must go through some basic compliance checks to ensure that you understand the risks of trading and are admitted to trading. When you open an account, you will probably be asked for the following items, so it is good to have them handy: A scanned colour copy of your passport or national ID A utility bill or bank statement from the last six months with your address You will also need to answer a few basic compliance questions to confirm how much trading experience you have. It is therefore best to take at least 10 minutes to complete the account opening process. Although you can explore the demo account immediately, it is important to note that you cannot make any real trading transactions until you have passed compliance, which can take up to several days depending on your situation.
To open an account at GBE brokers just press the button below
CFDs are complex instruments and involve a high level of risk due to leverage. 67.3% of of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
