Gulf Brokers — where it wins, where it loses
Gulf Brokers does not currently take a column outright against this field. It loses on entry cost, no tier-1 entity. Its cost per ten lots is not confirmed, so it is left out of the cost ordering rather than estimated.
Column by column
The split
Two lists, no averaging. A broker that takes a column outright appears on the left of it; one that gets beaten on a column appears on the right. Nothing is scored into a single number, because a single number hides which side you actually care about.
Wins on
No column where Gulf Brokers takes the field outright.
Loses on
- entry cost
- no tier-1 entity
Cost per 10 lots is the EUR/USD spread cost of ten round-turn standard lots at the figure above, commission excluded. Where a broker publishes a "from" spread rather than an average, the comparison inherits that limitation — see the unconfirmed list further down.
Licensing
Which entity, which regulator, which number
Tier decides how much weight a licence carries in any safety column. Each row links to the page it was read from.
| Regulator | Number | Jurisdiction | Tier | Entity | Read from |
|---|---|---|---|---|---|
| FSA Seychelles | SD013 | Seychelles | Tier 3 | Octrado Ltd (formerly Gulf Brokers Ltd) | fsaseychelles.sc |
Checkable
Facts the comparison runs on
On the record
- Gulf Brokers Ltd states it is regulated as a Securities Dealer by the Financial Services Authority of Seychelles under licence number SD013 in accordance with the Seychelles Securities Act 2007.
- A related company, Gulf Brokers DMCC, is based in Dubai; the retail client-facing licence disclosed on the website is the Seychelles one.
- The Seychelles FSA securities dealer licence is an offshore authorisation and does not carry FCA, ASIC or CFTC/NFA-level investor protections.
- The FSA Seychelles register lists the SD013 securities-dealer licensee as 'Octrado Ltd' with trade names Alpho and Octrado and websites alpho.com, gulfbrokers.com and octrado.com; the Gulf Brokers brand now operates as Octrado (https://fsaseychelles.sc/regulated-entities/capital-markets).
- Octrado's Client Agreement (clause 1.3) gives the company's registered address as Office 2, Suite C2, Orion Mall, Palm Street Avenue, Victoria, Mahé, Seychelles (https://octrado.com/document/client_agreement).
- Octrado's current account structure is seven deposit-tiered levels from USD 1,000 (Level 1) to USD 1,000,000 (Level 7), all with leverage up to 1:500 (https://octrado.com/en/trading-levels).
| Trading since | not verified |
|---|---|
| Base | Mahe, Seychelles |
| Minimum to open | $1,000 |
| Leverage cap | up to 1:500 |
| EUR/USD | not verified |
| Terminals | MT5 |
| Account tiers | Level 1, Level 2, Level 3, Level 4, Level 5, Level 6, Level 7 |
| Markets | Forex, Metals, Indices, Commodities, Shares CFDs |
| Record confidence | medium |
| Matchup-ready | no — too many gaps to run a fair head-to-head |
Excluded from the maths
Not verified
Not verified
These fields are not confirmed. They are shown as gaps, not filled in, and they do not feed any column of the matrix:
- founding year
- headquarters
- UAE licence number for Gulf Brokers DMCC
- minimum deposit
- maximum leverage
- EUR/USD spread
- account types
- segregated funds
- negative balance protection
- founded — no primary source gives a founding year; the broker's own homepage states only 'over 9 years of market expertise'.
- spreadEurusd — the current Octrado site publishes no typical EURUSD spread; the pre-rebrand Gulf Brokers account page advertised only 'Lowest spread from 0.0125' (a premium-account raw floor).
- minDeposit — recorded as USD 1,000 (Level 1 entry) from the current Octrado account page; the pre-rebrand Gulf Brokers account structure (Silver/Gold/Platinum/Diamond from USD 20,000) differs, reflecting the rebrand.
Costs less
Who beats Gulf Brokers on price
Tickmill
$10.00 per 10 lots · wins on headline spread, platform choice
Eightcap
$10.00 per 10 lots · wins on regulatory reach
JustMarkets
$30.00 per 10 lots · wins on headline spread
CMC Markets
$50.00 per 10 lots · wins on headline spread, no minimum deposit, regulatory reach, platform choice
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 74% and 89% of retail investor accounts lose money. Verify every figure with the broker before opening an account.