Cyprus based GBE Brokers has expanded its set of offerings after acquiring some new technological capabilities. The changes are affecting both retail clients of the brokerage as well as institutional clients of the firm.
GBE Brokers has started delivering liquidity services to about 20 brokers and one bank, with the company averaging between 20-25 yards per month, a senior executive at the company confirmed to Finance Magnates.
The company is expecting to enable direct deposit and withdrawal options to its myGBE portal
Recently the brokerage has expanded its offering to retail clients by implementing a user friendly client portal called myGBE where customers can access research, account statements, internal transfers and some other key functionalities.
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The company is expecting to deploy in the fourth quarter of this year different payment provider options into the myGBE client portal. The update will enable clients to request deposits and withdrawals via the portal and process the payments on their own.
The company’s Global Head of Sales Rifat Sayim commented to Finance Magnates: “Our own client portal offers many more features to make different processes much easier for clients. All of the updates for the myGBE portal provide full transparency to the clients of GBE brokers Ltd.”
GBE Brokers has also added about 20 new assets to its list of CFDs, including Spanish, Norwegian and Canadian indices and soft commodities like coffee, cotton and sugar. The broker shared that it is already receiving additional interest from traders due to the update.
Broker Clients Connected via PrimeXM’s XCore
GBE Brokers has shared with Finance Magnates that it has also started its own product geared towards brokerages, where the company is delivering liquidity to about 20 companies. Sitting at the core of the offering is PrimeXM’s low latency order routing and pricing engine XCore.
The firm asserts that the new offering permits the company to reduce spreads across some of the most popular trading assets like major FX pairs by about 0.2 pips and the German DAX index to 1 point.
The broker is at present offering to its retail and broker clients about 75 FX pairs and 41 CFDs, which are delivered via an MT4 trading platform with traditional and raw spreads models available.