April 19, 2016

Question:Why GBE brokers changed the name from the previous name? Are they SCAM?

GBE brokers - What's now?

We are no longer promoting GBE brokers. The information regarding to GBE brokers on the website 'Hercules.Finance' maybe outdated. ref. GBE brokers

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We, Hercules have directly contacted GBE brokers regarding to this matter.

The main reason of renaming its brand is, because the previous corporate name was related too much to its German mother-company, which is a German asset management company.

Changed name to GBE brokers

The company was an online Forex & CFD broker based in Malta.

The broker has bought the GBE brokers ltd in 2015 and has started acquiring clients through GBE brokers.

Now the ex-brand name is not active but only GBE brokers.

The reason of re-branding is not because there was a problem of the name.

See more about GBE brokers

Change of Regulatory Authorities

During the acquisition, the broker has also switched the regulation.

The company was regulated by MFSA in Malta, and GBE brokers is regulated by CySEC in Cyprus.

MFSA was too strict in terms of KYC procedures, so the brokers has changed the regulation to offer more client friendly service from Cyprus.

CySEC is also known as the most popular financial regulation in the world.

Please note that GBE brokers have never been charged for penalties or involved in frauds in the past.

MT4 Trading Conditions with STP model

The biggest merit of trading with GBE brokers is that the broker is STP model and especially focused on the high execution quality.

So basic conditions are as follows:

  • No Trading Method Restrictions
  • No Conflict of Interest between traders and GBE brokers
  • No Profit Cancellation
  • Fast Execution Speed with Equnix London Server
  • Positive Slippage is allowed
  • No Market Making(guaranteed)
  • High Swap Points

Please note that only arbitrage trading is prohibited by GBE brokers, but you are allowed to trade Scalping, EAs/Algorithm Trading, API, Copy Trade Systems, News Time Trading and etc.

Bonus Promotions

GBE brokers does not offer much bonus promotions, but as already mentioned above, the broker is more focused on the execution quality and real benefit for traders.

Trading methods and the cost of tradings are two important things that will directly affect traders’ profits at the end.

As GBE brokers allows positive slippage and any trading methods, the conditions are trader-friendly.

Long story short, profits you couldn’t with other brokers can be earned with GBE brokers.

GBE brokers’ support staffs

GBE brokers is also focused on providing better customer services.

The broker also has set the livechat window to automatically open when you are on its official website, so you can ask anything easily by just typing in your question in the box.

The support staffs of GBE brokers are simply excellent and smart and really answers your questions at anytime.

So GBE brokers is not a broker who always get bothered by its clients and say “will come back to you later” repeatedly like some brokers.

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