GBE Brokers review and ratings

Established 2015
Location Germany Cyprus
Regulation BaFin, CySEC
Offices Hamburg, Limassol
Broker type STP | ECN
Leverage up to 1:30
Deposit from 500 USD
Spreads mid  mid
Platforms Web MetaTrader 4 MetaTrader 5
Instruments Currencies Crypto Indices Metals Energies Softs Stocks Bonds ETFs
Funding methods Wire Transfer Credit Cards PayPal Skrill Neteller

Company information

GBE Brokers group includes 2 related companies.

GBE Brokers DE - located in Germany, regulated by the Bundesanstalt fur Finanzdienstleistungsaufsicht (BaFin).
GBE Brokers CY - located in Cyprus, regulated by the Cyprus Securities and Exchange Commission (CySEC).

Be aware, both companies have some trading restrictions because of the local rules and regulatory obligations.


GBE Brokers group accepts clients from all over the world, excluding USA, North Korea, Iran, Belgium, Japan and countries included in the FATF high risk and uncooperative jurisdictions list.

Distinctive features

Trading instruments

Forex broker offers the following underlying assets for trading.

70+ Currency Pairs Based on major and minor world currencies.
5 Crypto Pairs Based on Bitcoin, Bitcoin Cash, Ethereum, Litecoin, Ripple.
13 Indice Cash CFDs Based on baskets of different blue-chip stocks.
16 Indice Futures Based on baskets of different blue-chip stocks and US Dollar Index.
6 Metal Spot CFDs Based on Gold, Silver, Platinum and Palladium.
3 Metal Futures Based on Gold, Silver and Copper.
2 Energy Spot CFDs Based on Crude Oil (WTI, Brent).
3 Energy Futures Based on Crude Oil (WTI, Brent) and Natural Gas.
10 Soft Futures Based on London Cocoa, London Coffee, London Sugar, American Cocoa, American Coffee, American Cotton, American Sugar, Corn, Soybean, Wheat.
3 Bond Futures Based on US, UK and EU government securities.
250+ Stock CFDs Based on shares of US, UK, EU and HK companies.
20+ ETF CFDs Based on exchange-traded funds containing various tradable assets.

Comprehensive review

Established in Germany in 2015, GBE Brokers is a forex and CFD broker that offers trading across nearly all asset classes on the well-known MetaTrader 4 & 5 platforms. Besides its head office in Hamburg, Germany, GBE Brokers today also has a branch in Cyprus from which it mainly serves its non-German clients. Keep in mind, however, that both of these branches are regulated by the European Securities and Markets Authority (ESMA), which makes the trading conditions more or less identical between them.

A special thing to note about GBE Brokers is that this is one of just a few forex brokers that specializes in serving German-speaking traders and financial institutions. The broker also emphasizes its high commitment to customer service, saying that all clients will receive a personal relationship manager in the company to take care of any need that could arise.

As mentioned above, traders who choose to sign up with GBE Brokers will have the chance to trade pairs in almost all asset classes. That obviously includes a whole range of currency pairs, as well as stock indices, metals, energy & agricultural commodities, bonds, stocks, and exchange traded funds (ETFs). In addition to that, major cryptocurrencies such as Bitcoin, Ethereum, and Bitcoin Cash can also be traded as CFDs against US dollars with this broker.

As with most forex brokers, new clients with GBE will have the choice between a few different types of trading accounts to use. In the case of this broker, the choice is between the GBE Classic account with a USD 1,000 minimum deposit, and the GBE Plus account with a USD 500 minimum deposit. Both of these account options are fairly similar STP-style trading accounts that offer commission-free trading on most instruments other than crypto, which is traded with a 0.4% commission.

Due to the broker’s regulatory status in the EU, trading leverage for non-professionals is unfortunately limited to just 1:30 on both account types. However, those who qualify as a professional client can still get access to a much higher leverage of 1:400, even if based in the EU.

Once signed up as a new client, GBE Brokers accept funding in the form of bank deposits directly to its bank accounts in either Austria, Cyprus or Germany. Further, the broker also accepts deposits from the popular e-wallets Skrill and Neteller, Paypal, and major credit cards. Among the funding methods listed, only bank transfers are accepted free of charge by the broker, while credit card and e-wallet deposits are processed with a fee of between 1.49% and 3.6%.

Moving over to customer support, it’s clear that our expectations for GBE Brokers is high given the claims made on its website about the personal contact person that all clients are assigned. According to the broker, the personal contact person “can accompany you every step of the way,” which includes answering “any questions you may have about our trading platforms or your trading account.”

For most retail forex traders, this level of service is clearly better than what most other brokers offer. As its contact options, the broker has listed phone numbers in both Cyprus and Germany, as well as a live chat and an email address. Moreover, the broker also has a dedicated 24-hour hotline for trading related matters called the “SOS Trading Hotline” in its Cyprus office. In our opinion, this clearly demonstrates the broker’s commitment to good customer service at a level that frankly all brokers should strive to offer.

All in all, we are of the view that GBE Brokers could be an interesting option for European retail traders, and in particular for traders from German-speaking countries. As a fully regulated broker in the EU, trading with GBE is about as safe as it gets in this industry, with things like negative balance protection and government-mandated investor compensation schemes well in place.

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