Gulf Brokers
1 legal entity is on file for this firm, across 1 jurisdiction. The strongest supervision on file is Tier 3.
Caution — watch list means: Every entity we could locate for this firm sits offshore or is a company registration rather than a financial licence. No regulator has published anything about the firm; this is the register flagging the absence of tier-1 supervision, not an allegation.
Every entity on file is offshore. There is no tier-1 authority supervising the account you would open.
A group can hold a tier-1 licence and still onboard you through an offshore entity in the same structure. The licence protects clients of the entity that holds it — not every client of the brand. Check which company name appears on your own client agreement, then look that company up in the table below.
Entity-by-entity licence record
One row per legal entity in this firm's structure. Numbers are reproduced exactly as published; every row links to the source we read them from.
| Legal entity | Authority / registry | Number | Jurisdiction | Tier | What it is | Source |
|---|---|---|---|---|---|---|
| Octrado Ltd (formerly Gulf Brokers Ltd) | FSA Seychelles | SD013 | Seychelles | T3 | Financial licence | fsaseychelles.schttps://fsaseychelles.sc/regulated-entities/capital-markets |
Scroll the register sideways — the entity column stays pinned.
Paste any number above into the named authority's own search. If a number a firm advertises does not return that firm on the authority's register, treat the claim as unverified.
What the record says
Statements of fact drawn from the entities above. Each one is checkable against a source URL in the licence table.
- F01Gulf 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.
- F02A related company, Gulf Brokers DMCC, is based in Dubai; the retail client-facing licence disclosed on the website is the Seychelles one.
- F03The Seychelles FSA securities dealer licence is an offshore authorisation and does not carry FCA, ASIC or CFTC/NFA-level investor protections.
- F04The 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).
- F05Octrado'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).
- F06Octrado'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).
Not verified at last check
Recorded openly rather than filled with a plausible guess. A blank on this register means we could not confirm it on 2026-09-02.
- not verifiedfounding year
- not verifiedheadquarters
- not verifiedUAE licence number for Gulf Brokers DMCC
- not verifiedminimum deposit
- not verifiedmaximum leverage
- not verifiedEUR/USD spread
- not verifiedaccount types
- not verifiedsegregated funds
- not verifiednegative balance protection
- not verifiedfounded — no primary source gives a founding year; the broker's own homepage states only 'over 9 years of market expertise'.
- not verifiedspreadEurusd — 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).
- not verifiedminDeposit — 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.
Account conditions on file
As published by the firm. Blank fields were not confirmed.
| Incorporated | not verified |
|---|---|
| Registered office | Mahe, Seychelles |
| Minimum deposit | 1000 USD |
| Leverage offered | up to 1:500 |
| Quoted EUR/USD spread | not verified |
| Trading systems | MT5 |
| Account tiers | Level 1 · Level 2 · Level 3 · Level 4 · Level 5 · Level 6 · Level 7 |
Leverage above a tier-1 retail cap is normally only available through an offshore entity. If the figure above is far above 1:30, check which entity is offering it in the licence table.
Sources
Every URL below was read before this record was published.
- FSA SeychellesOctrado Ltd (formerly Gulf Brokers Ltd) — Seychelleshttps://fsaseychelles.sc/regulated-entities/capital-marketsRETRIEVED 2026-09-02