GPB-Financial Services Limited
Pros and Cons
Pros
- Regulated by Cyprus Securities and Exchange Commission (CySEC)
- Diverse range of trading instruments including forex, commodities, and indices
- Established trading platforms: MT4 and MT5
- Multiple customer support channels: email, live chat, and telephone
- Minimum deposit requirement set at 50 units of the base currency
Cons
- No cryptocurrency trading options available
- Limited regulatory recognition beyond Cyprus
- Potential lack of advanced trading tools and features
- Minimum deposit requirement may be a barrier for some traders
- Possibility of inactivity fees for dormant accounts
Basic Information
User Reviews
GPB-Financial Services Limited Overview
GPB-Financial Services Limited, established around 15-20 years ago, is a forex broker headquartered in Cyprus. The company operates under the full name GPB Financial Services Ltd and is regulated by the Cyprus Securities and Exchange Commission (CySEC), providing a level of trust and security for traders. With a solid operational history, GPB-Financial Services Limited has built a reputation in the financial services sector, ensuring compliance with regulatory standards in its registered region.
The broker offers a variety of trading instruments, including forex, commodities, and indices, catering to diverse trading preferences. GPB-Financial Services Limited utilizes established trading platforms, allowing traders to access essential tools and features for their trading activities. The broker emphasizes customer support, providing assistance through multiple channels to enhance the trading experience. With its regulatory backing and a broad range of offerings, GPB-Financial Services Limited stands out as a viable option for traders looking to engage in forex trading.
Is GPB-Financial Services Limited Safe? Regulation Analysis
Regulatory Information
| Regulatory Authority | Country/Region | Fund Protection Measures |
|---|---|---|
| Cyprus Securities and Exchange Commission (CySEC) | Cyprus | Segregated Funds, Investor Compensation Scheme |
Is GPB-Financial Services Limited Regulated and How Are Client Funds Protected?
GPB-Financial Services Limited is regulated by the Cyprus Securities and Exchange Commission (CySEC), which provides a level of legitimacy and trustworthiness in the forex trading landscape. The regulatory oversight ensures that the broker adheres to strict compliance standards and operational guidelines. To protect client funds, GPB-Financial Services Limited implements measures such as segregating client funds from company assets and participating in an Investor Compensation Scheme, which can provide additional security for traders in the event of insolvency. These regulatory frameworks are designed to enhance the safety of traders’ investments and reinforce confidence in the broker’s operations. With its established regulatory status and commitment to fund protection, GPB-Financial Services Limited presents itself as a safe choice for traders looking to engage in forex trading.
Trading Products and Services
What trading instruments does GPB-Financial Services Limited offer?
| Asset Category | Available Products | Total Count (if available) |
|---|---|---|
| Forex | Major & Minor Pairs | Varies |
| Commodities | Gold, Oil | Varies |
| Indices | S&P 500, NASDAQ | Varies |
| Stocks | US, UK | Varies |
| Cryptocurrencies | Not offered |
GPB-Financial Services Limited offers a diverse range of trading instruments to accommodate various trading strategies and preferences. With categories such as forex, commodities, and indices, traders can access essential markets suited to their individual needs. Whether you are a beginner or an experienced trader, the availability of multiple asset categories enables effective portfolio diversification, allowing for flexible trading strategies. This broad offering supports both short-term trading and long-term investment approaches, enhancing the overall trading experience for users looking to engage in the financial markets.
Account Types and Trading Conditions
What Account Types and Fees Does GPB-Financial Services Limited Offer?
| Account Type | Target User Group | Essential Characteristics | Applicability Notes |
|---|---|---|---|
| Retail Account | Beginners | Standard trading conditions, user-friendly interfaces | Ideal for small-capital practice and learning |
| Professional Account | Experienced Traders | Higher leverage, lower spreads | Requires trading volume qualifications |
| Corporate Account | Corporate Clients | Customizable features and services | Requires corporate documentation |
| Demo Account | All Traders | Practice trading without risk | Suitable for testing strategies and platforms |
Account Opening Process
To open an account with GPB-Financial Services Limited, traders must follow a structured process. Initially, they need to submit personal information, which includes their name, contact details, and date of birth. Following this, employment and financial information must be provided to assess the trader’s background and trading experience. The next step involves identity verification, requiring documentation such as a valid ID and proof of address. Once the application is submitted and verified, traders may enjoy account flexibility, including the option to upgrade to a professional account as their trading experience and volume increase.
Trading Fees
| Product | Spread (pips) | Commission | Notes |
|---|---|---|---|
| Forex (Major Pairs) | Varies | Varies | Competitive spreads available |
| Forex (Minor Pairs) | Varies | Varies | Accessible for diverse trading strategies |
| CFDs (Stocks) | Varies | Varies | Includes major US and UK stocks |
| CFDs (Indices) | Varies | Varies | Major indices such as S&P 500 and NASDAQ |
| CFDs (Commodities) | Varies | Varies | Includes gold and oil |
| Cryptocurrencies | N/A | N/A | Not offered by the broker |
Other Fees
In addition to trading fees, traders should be aware of other potential costs. These may include deposit and withdrawal fees, which can vary based on the payment method. Inactivity fees may apply if an account remains dormant for an extended period. There could also be platform usage fees, depending on the services utilized. Overnight interest, or swap rates, may be incurred for positions held overnight, while currency conversion fees may apply for transactions involving different currencies.
Trading Platforms and Apps
What Trading Platforms and Apps Does GPB-Financial Services Limited Offer for Traders?
| Platform | Device Support | Key Features | Additional Services |
|---|---|---|---|
| MT4 | Windows, macOS, iOS, Android | Secure login (2FA), multiple order types, price alerts, technical indicators | Demo account, VPS |
| MT5 | Windows, macOS, iOS, Android | Enhanced security (encryption), advanced order types, economic calendar, financial news | Demo account, VPS |
| Web Version | Browser-based (Desktop, Mobile) | Secure access, symbol lookup, one-click trading | Demo account |
GPB-Financial Services Limited offers several trading platforms tailored to different trader needs. The MT4 platform is ideal for beginners due to its user-friendly interface and essential trading features, while MT5 provides advanced tools and is suitable for experienced traders. The web version allows for convenient access from any device, ensuring flexibility in trading. All platforms emphasize secure logins and rapid order execution, with real-time alerts and efficient market search tools, enhancing the overall trading experience.
Deposit and Withdrawal
Deposit and Withdrawal Options
| Payment Method | Processing Time | Fees | Limits | Base Currency Options |
|---|---|---|---|---|
| Bank Transfer | 3–5 days | No platform fee | Min 50, Max 20k/day | EUR, USD |
| Credit/Debit Card | Instant | No platform fee | Min 50, Max 10k/day | EUR, USD |
| e-Wallets | Instant | 1.5% charge | Min 50, Max 15k/day | EUR, USD |
Minimum Deposit
GPB-Financial Services Limited requires a minimum deposit of 50 units of the base currency. This amount remains consistent across payment methods and account types, providing a straightforward entry point for traders.
How to Withdraw
To withdraw funds from your GPB-Financial Services Limited account, follow these steps:
- Log in to your trading account.
- Navigate to the ‘Withdrawal’ section.
- Select your preferred payment method for withdrawal.
- Enter the amount you wish to withdraw, ensuring it meets the minimum and maximum limits.
- Submit your request and wait for confirmation.
- Check your account for the processed withdrawal, which may take the stated processing time based on the selected method.
Customer Support
GPB-Financial Services Limited Customer Support Overview
Support Channels
GPB-Financial Services Limited offers multiple support channels to assist customers effectively. Traders can reach out via:
- Email: Customers can send inquiries to brokerage@gpbfs.com.cy for assistance.
- Live Chat: Immediate support can be accessed through the live chat feature on the broker’s website.
- Telephone: For direct communication, customers can call +357 25 055 000.
- Social Media: The broker may also support inquiries through official social media channels, ensuring comprehensive customer engagement.
Service Availability
Customer service at GPB-Financial Services Limited is available during business hours, providing support 24/5. Multilingual support is also offered, catering to a diverse clientele, although specific languages are not detailed.
Frequently Asked Questions
Yes, GPB-Financial Services Limited is regulated by the Cyprus Securities and Exchange Commission (CySEC), which ensures that the broker adheres to strict compliance standards and operational guidelines.
GPB-Financial Services Limited offers a variety of trading instruments, including forex (major and minor pairs), commodities (such as gold and oil), and indices (like S&P 500 and NASDAQ).
To protect client funds, GPB-Financial Services Limited utilizes measures such as segregating client funds from the company’s assets and participating in an Investor Compensation Scheme, which provides additional security for traders.
GPB-Financial Services Limited provides multiple customer support channels, including email support at brokerage@gpbfs.com.cy, live chat on their website, and telephone support at +357 25 055 000. Customer service is available 24/5 during business hours.
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Risk Disclosure
Trading forex/CFDs via brokers carries high risks, including potential total loss. For any data changes, please refer to the latest information on the brokers' official websites. Trade with caution and seek independent advice.