GBE brokers offers 2 different trading account types.
Please refer to the below table.
|Account Types||Traditional Spread Account||Raw Spread Account|
|Spread Types||Variable Spread||Variable Spread|
|Minimum Spread||0.7 pips||0.0 pip|
|Trading Commissions||None||$9/1 standard lot(round turn)|
|Required minimum deposit||$1,000||$1,000|
|Minimum trading lots||0.01 lot(1,000 units)||0.01 lot(1,000 units)|
|Account base currencies||EUR, USD, CHF||EUR, USD, CHF|
|Trading Restrictions||None(Only latency arbitrage)||None(Only latency arbitrage)|
|Swap Points||Yes, applicable||Yes, applicable|
|Trading Instruments||145 symbols||145 symbols|
Variable Spread but not fixed
GBE brokers adopts variable spread type but not fixed so the broker can offer more tighter spreads for its traders.
In case of fixed spread, you will need to pay for the premiums(extra mark ups) so the average spread is much higher than variable ones.(generally speaking)
The spread can get as low as 0.0 pip.
But please note that GBE brokers is a STP(straight through processing) model broker which offers DMA(direct market access) to its traders.
So the spread get wider or narrower depending on GBE brokers’ liquidity providers. Spread can even get wider from 0 to 30 pips or more.
This condition is not set by GBE brokers, but from the liquidity providers.
So you are recommended to have enough margins to support all your open positions at all times.
You can select the maximum leverage in your account to be from 1:200 to 1:500 with GBE brokers.
But please note that the maximum leverage set in your trading accounts are not applicable to all CFDs.
All CFDs in GBE brokers are available with maximum leverage of 1:100.
You can find the conditions of CFD tradings in the contract specification table from the official website by going to “CFD Trading” and “CFD Guide”.
No Trading Restrictions
There is no restrictions in terms of trading methods in GBE brokers MT4.
So you are allowed:
- News Time Trading
- EAs/Algorithm Trading
- Copy/Social Trade
- API Trading
GBE brokers is a STP broker which guarantees that the broker does not act as a Market Maker for clients’ trades.
One of the biggest merit of trading GBE brokers is the high execution quality without any trading restrictions nor limitations on positive slippage.
You can earn real profit by trading with GBE brokers, but not a superficial one from bonus.
Arbitrage trading is prohibited
Only Arbitrage trading is prohibited by GBE brokers.
Arbitrage trading is prohibited by many brokers and the trading method itself is not sometimes categorized as Forex or CFD trading as it is a method to take no risks to earn profits.
Basically GBE brokers restricts only latency arbitrage especially on CFD instruments.
Although GBE brokers does offer excellent swap rates, but if you are looking to trade arbitrage by using swap rates to give advantages to yourself, you are recommended to contact your account manager and find out more details about the conditions of illegal trading methods.