Cheated by a financial organization, does not withdraw money? Do you want to check the financial company?
Full review on broker Gulf Brokers
Before starting cooperation with a broker, you should carefully check whether this is a scam. The probability of stumbling upon a scammer these days is very high, which can play a decisive role in the bankruptcy of a trader. Customer reviews play the most excellent informational value on the Internet on independent or closed trading forums. It is not uncommon to notice that negative comments about kitchens overflow with emotions, which rarely makes them doubt their authenticity. In turn, positive ones are dry, monotonous, and often duplicate each other, which can be considered in detail in the example of Gulf Brokers. com.
Gulf Brokers “Professional Broker” is a typical scammer who is scamming people online in the most cheeky way. In general, a considerable number of brokerage companies on the Internet are outright scams. Incredibly, people don’t stop falling for this apparent scam. Dealing centers and brokerage companies are equivalent to casinos.
Their working principle is very similar. And, as you know, only the casino wins in the casino. Also, in the brokerage house, only scammers remain in the black. At the same time, everyone, as one, trumps registration and license in some offshore zone. But no one offers to agree on the provision of brokerage services. And they are obliged! They must also notify the client of the rules by sending a letter.
|Year of foundation
|Regulation and jurisdiction
Gulf Brokers is an international Forex broker regulated by the Seychelles Financial Services Authority FSA. The company has been operating since 2017. Traders can trade currencies, commodities, indices, and stocks.
+44 208 068 9908
- Wide range of tools
- Leverage 1:30
- High commissions
|Types of accounts
Demo, Standart, Premium, VIP
Credit card, Bank Transfer, Online-wallet
|Margin Call/Stop out
Gulf Brokers Reviews
Gulf Brokers provides a MetaTrader 5 trading platform that allows you to trade from any device. The broker offers the following working conditions: minimum deposit – $500, a minimum lot – 0.01, floating spreads from 3 pips, leverage up to 1:500, market order execution, and account bonuses. There is no information on the types of trading accounts on the broker’s website. There is 24/5 technical support and a demo account. Also, the company provides insurance for the client’s money in case of an error or an unforeseen situation. A trader must go through the registration and account verification procedure to start working with a broker. To do this, you will need to provide copies of an identity document.
The essence of the project
The Gulf Brokers website offers brokerage services to individuals. But does he have the right to do so? We will talk about this now. The resource claims that Gulf Brokers Ltd owns the site. The organization is registered in Seychelles and located at Office 2, Suite C2, Orion Mall, Palm Street Avenue, Victoria, Mahe, Seychelles. A shopping center is located at the same address.
However, as practice shows, the address indicated in the registration means absolutely nothing for foreign companies. The company can indicate any address, for example, the law office with which it cooperates. The site claims Gulf Brokers is regulated by the Financial Service Authority and even licensed. But these data tell us little about the company.
First of all, because there is no way to check them, the fact is that offshore zones, like Seychelles, do not disclose the register of registered companies. This allows scammers to invent licenses for themselves out of the blue. The site’s domain name was registered in 2012. But at that time, there was no such company. The domain was immediately put up for sale.
It was redeemed at the end of 2017. Then this brokerage company appeared. It is impossible to know the exact date of registration of the company. The site does not provide such data. By the way, the license indicated on the site was issued in 2018. And in August of this year, the permit expires. It turns out that earlier, the company worked without a license. That is, in fact, illegal!
Gulf Brokers Ltd has a highly negative reputation and is considered a scammer. He steals money from clients and blocks accounts without explanation. Employees of the company do not seek to help the trader; their main task is to lure funds. After the most significant possible replenishment of the account, the consultant stops communicating. He can be rude to his client and block his account.
What should you pay attention to when evaluating?
If you go to the company’s website, you should pay special attention to the footer. For those who don’t know, a footer is a small piece of text at the bottom of a page that is usually written in small print and includes a part of short information. After reviewing the text, it is worth concluding that gulfbrokers philippines only perform intermediary functions for traders to enter various world exchanges. However, nothing will depend on the broker if a trader encounters difficulties. And support may not respond for months until your deposit is completely burned out.
Let’s take a simple example. If you didn’t know, many brokers prefer to operate on the market, but only on paper. How it works: the client replenishes the deposit by a certain amount and starts trading. The broker, in turn, pretends to perform operations, although, in reality, it is just a dummy. Thus, the client’s money is in the company’s turnover. In addition to everything, the client may be given falsified quotes, due to which the dealing center will earn on the price difference.
In addition, professional traders understand that Forex trading is associated with high risks, which is why most clients often lose their deposits in the early stages of trading. And instead of earning a percentage of the trade, many companies bypass the system, that is, buy when the client sells and serve when the client accepts, whereby the amount automatically becomes the broker’s property.
The essence of the scam
Brokerage houses such as Gulf Brokers should not be trusted. First of all, because you will not be able to demand a refund from them. In addition, their activities in your country may be illegal. In this case, you will not be able to sue them. In general, you can sue them only in the Seychelles, where, supposedly, the company is registered.
It should be noted that the site has a client agreement which states in black and white that the company is not responsible for: “any loss resulting from the actions of Gulf Brokers Ltd.” (c) They say that they can do whatever they want. And if you lose your money, they are not to blame. And how to work with such a broker office?
Answering the question: Is Gulf Brokers a scam or not? I would say, of course! These are scammers on the Internet, as this organization deceives its clients, from whom it takes money for allegedly trading in the over-the-counter market. But Gulf Brokers has no connection with the interbank market – all they offer is terminal manipulation, which is no different from playing in a casino. Only here, in addition, they do not give away the winnings since the swindlers have an agreement, referring to which they will throw customers.
We do not recommend the Gulf Brokers project as there are signs of fraud. The site does not provide reliable legal information. The company’s activities are most likely illegal in your country. Don’t take risks!
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The company’s rating and reputation largely depend on whether its clients are satisfied. The reviews about Gulf Brokers are not the most flattering, and therefore you should take a close look at them before deciding to cooperate with this platform.
To add a review of this company on the resource, you do not need to spend a lot of time. The whole procedure takes no more than 5 minutes, and this is already with registration. A letter with a link to confirm registration will be sent to your e-mail, and it will also contain detailed instructions on how to add a review to the site.
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