GBOCapital has offers the whopping six types of live trading accounts. We could not find any information about a free demo account, nor full information about the trading conditions regarding spreads and minimum trade size.
The broker offers trading in forex pairs and CFDs.
The Company. Security of Funds
Company Country Regulation
Bali Limited Bulgaria No
GBOCapital is owned by the company Bali Limited, based in Bulgaria. The broker, however, is not regulated, shows a check in the registry of the local regulator – the Financial Supervision Commission (FSC).
As a general rule dealing with unregulated brokers is risky and we recommend that clients choose properly licensed and supervised brokers like the charges of UK’s FCA or the Australian Securities and Investment Commission (ASIC).
There are other alarming things about GBOCapital. The VIP account requires $500 000 deposit and offers a leverage of 1:400, which means the client could lose a significant sum with just one trade. It is true that a person having $500 000 to invest would probably do better research and invest wisely in a properly regulated financial services provider, but we would like to note the preposterousness of the proposal.
GBOCapital offers a trading platform that looks a bit like Sirix, but is not exactly that. It could be some sort of proprietary trading platform, or a rather obscure one. There is a web version and supposedly a mobile application, but we could not find the download link. The broker does not offer other trading platforms, like MT4.
Methods of payment
GBOCapital accepts payments through credit/debit cards and the online payment systems Yandex Money, Qiwi Wallet and WebMoney.
GBOCapital appears to be a new broker, but it does not provide sufficient information on its trading conditions and other important “details” that normally interest a potential client. Hence, we could not reach a definitive conclusion about the broker. We have already commented on the VIP account and the minimum deposit, but the other five types of accounts also require relatively high sums and this is not very attractive.
GBOCapital Review Conclusion
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