GIBroker is a CFD Forex broker owned by HighSky Brokers, a. s.. This broker is out of business.
They are located at: Vodičkova 710/31, Prague 1, Czech Republic. Their phone number in the Czech Republic is +42 0225 850 280, and their email address is: [email protected].
GIBroker Review
The software that GIBroker offers their investors is called the Profit or Web Profit trading platform. It is a customized and easy to you trading software, made with beginner traders in mind, who don’t have experience using an advanced trading software like MetaTrader 5. They offer a variety of assets to trading including; Forex pairs, Market Indexes, CFD trading on Stocks and Commodities.
As an Eastern European broker, the website is available in English, Spanish, Slovak, Czech and Polish.
Spreads on Forex pairs vary depending on the actual pair and are as low as 3 pips for the Euro Dollar. The maximum amount of leverage you can trade with is as high as 200:1, and on CFD’s the highest is 50:1 leverage. Investors should familiarize themselves with the risk associated with trading CFD & Forex on margin. Investors can use SOFORT to fund their account.
GIBroker License & Regulations
When reviewing a CFD Forex broker, serious investors will always first check to see if the broker has a license and if they are regulated. In Europe, brokers are licensed in their individual country, and if they are members of the EU, then the license in passported according to MiFID laws.
GIBroker is a broker that is registered with the Czech National Bank, CID Number 24710164.
There are many licensed Forex brokers you can trade with, see here. The reason investors will only use a locally licensed broker, is so that their money is safe, if their broker goes out of business.
Compare GIBroker
When comparing between online Forex brokers, you should look at; the trading platform, minimum deposit for a new account, and the brokers withdrawal time frames. The following brokers are quite popular among investors.
PepperStone is a very popular broker that is licensed by ASIC. They offer a variety of unique trading platforms, see here.
What was your experience trading with GIBroker? Please write your review in the comments section below.