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GBE Brokers Review – Is The Broker Transparent In Its Services?
GBE Brokers is another Cyprus-based Forex broker that has its own distinctive advantages and disadvantages, which make it extremely hard for traders to make the decision whether or not to invest in the company. GBE Brokers have been around since 2013 and has been a steady performer in the financial markets without any major surprises. Of course, as a trader, it is vital for every individual to get their money’s worth while choosing a Forex brokerage, which is why we have devised this detailed GBE Brokers Forex review for your consideration.
How Is GBE Brokers Regulated?
GBE Brokers is a Forex trading company that is located in Limassol Cyprus, which brings it under the extensive regulatory oversight of the Cyprus Securities and Exchange Commission (CySEC). CySEC is one of the most accomplished regulatory agencies in the entire Forex market, which is responsible for regulating all non-banking financial companies operating in the country according to the rules set forward by the ECB and the European Markets in Financial Instruments Derivatives (MiFID). Cyprus is an integral member of the European Union, which allows Forex brokers domiciled in Cyprus to offer its services throughout the EU under the European Economic Area (EEA) agreement. GBE Brokers has to follow all the numerous regulatory policies and guidelines that are issued by the ECB and the respective EU authorities from time to time. Even in the rare circumstances that the CySEC fails to implement any regulatory policy, other European regulators may step in to ensure compliance. Under the European derivatives, GBE Brokers is liable for prosecution and penalties by the CySEC, as well as any other organization, thereby increasing the amount of safety and security for traders.