GPB-Financial Services Limited is located in Limassol, Cyprus and is a wholly owned subsidiary of Gazprombank (JSC). The Company was registered in the Republic of Cyprus on February 24, 2009, registration number HE246301. On January 27, 2010, the Company received its license number 113/10 from The Cyprus Securities and Exchange Commission (CySEC).
What is GPB-Financial Services？
GPB-Financial Services, a subsidiary of Gazprombank (JSC), is a Cyprus-based financial services company established in 2009. Licensed by the Cyprus Securities and Exchange Commission (CySEC), it offers a range of investment services, including order execution, underwriting, and financial advisory, with access to Russian and global capital markets. The company claims to be guided by principles of good faith, honesty, respect, fairness, and mutual trust, placing the interests of its clients above all else.
Pros & Cons of GPB-Financial Services
Pros:
CySEC Regulation: Regulation by CySEC ensures that the company operates within the legal framework and adheres to strict guidelines, providing a level of security and protection for investors.
Comprehensive Services: The company offers a range of investment services, including order execution, underwriting, and financial advisory, providing clients with a one-stop solution for their investment needs.
Membership in the LSE: Being a member of the London Stock Exchange (LSE) adds credibility to GPB-Financial Services, reassuring clients of its commitment to high standards and regulatory compliance.
Cons:
Limited Fee Information: The company's website does not provide detailed information about fees, account minimums, or other costs associated with its services, which makes it difficult for clients to assess the total cost of investing.
Is GPB-Financial Services Safe？
With a license of No.113/10, the regulation by the Cyprus Securities and Exchange Commission (CySEC) provides a level of oversight and regulatory compliance, enhancing its credibility and offering a degree of protection for clients. This regulation ensures that the company operates within established standards and guidelines, promoting transparency and integrity in its operations.
What are Securities to Trade with GPB-Financial Services？
GPB-Financial Services offers a range of securities for trading.
Transferable Securities: These are securities that can be traded on a secondary market, such as stocks and bonds.
Money-market Instruments: These are short-term debt securities, such as Treasury bills and commercial paper, that are highly liquid and often used for financing short-term cash needs.
Units in Collective Investment Undertakings: These are units or shares in mutual funds or other collective investment schemes, which pool investors' funds to invest in a diversified portfolio of securities.
Derivatives: GPB-Financial Services provides access to derivative instruments such as options, futures, swaps, and forward rate agreements, which derive their value from an underlying asset or index.
Financial Contracts for Differences (CFDs): CFDs allow investors to speculate on the price movements of various financial instruments, such as stocks, without owning the underlying asset.
GPB-Financial Services Services Review
GPB-Financial Services provides a comprehensive range of investment services to meet the diverse needs of its clients. These include core investment services such as reception and transmission of orders, order execution, and dealing on own account. The company also offers underwriting of financial instruments and placing them on a firm commitment basis, as well as placing financial instruments on a non-firm commitment basis.
In addition to core investment services, GPB-Financial Services provides ancillary financial services, including safekeeping and administration of financial instruments, custodianship, and related services. The company also offers services related to granting credits or loans to financial instruments, where the firm granting the credit or loan is involved in the transaction.
Research & Education
GPB-Financial Services provides MiFID on its website as research and education resources to its clients. MiFID is a crucial regulatory framework governing investment services across the European Economic Area (EEA), designed to enhance market transparency, investor protection, and competition. This is essential for clients to understand their rights and responsibilities under MiFID, ensuring they can navigate the financial markets with confidence and compliance.
Customer Service
If you need assistance or have inquiries, GPB-Financial Services can be reached through various departments.
For brokerage-related matters, including queries about investments and transactions, you can contact the Brokerage Department via email at brokerage@gpbfs.com.cy or by calling +357 25 055 109.
The Back Office Department handles administrative tasks and can be reached at Backoffice@gpbfs.com.cy or +357 25 055 106 for inquiries regarding account management or documentation.
For compliance-related issues or questions about regulatory requirements, the Compliance Department can be contacted at compliance@gpbfs.com.cy or +357 25 055 119.
The Human Resources Function can be contacted at hr@gpbfs.com.cy or +357 25 055 100. They can provide information regarding the privacy notice for job applicants and address any inquiries you may have.
Additionally, if you wish to visit GPB-Financial Services in person or send correspondence, their physical address is 65 Spyrou Kyprianou Ave, Mesa Geitonia, Crystalserve Business Center, 2nd Floor, 4003 Limassol, Cyprus. You can reach their main office by phone at +357 25 055 000 or +357 25 055 100, with fax communication available at +357 25 055 101.
Conclusion
In conclusion, GPB-Financial Services offers a range of investment services regulated by the Cyprus Securities and Exchange Commission (CySEC), including order execution, underwriting, and financial advisory. While the company's regulation by CySEC provides a level of oversight and credibility, its limited fee information and lack of detailed account information pose some challenges. Overall, GPB-Financial Services is a solid choice if you can figure out the fee structure and account details.
Frequently Asked Questions (FAQs)
Is GPB-Financial Services regulated？
Yes, GPB-Financial Services is regulated by the Cyprus Securities and Exchange Commission (CySEC).
What services does GPB-Financial Services offer？
GPB-Financial Services offers core investment services such as order execution, underwriting, and financial advisory, as well as ancillary financial services including safekeeping and administration of financial instruments.
What financial instruments can I trade with GPB-Financial Services？
GPB-Financial Services offers a range of financial instruments for trading, including transferable securities, money-market instruments, units in collective investment undertakings, and derivatives such as options, futures, and swaps.
Risk Warning
The information provided is based on WikiStock's expert evaluation of the brokerage's website data and is subject to change. Besides, online trading entails substantial risks, potentially leading to total loss of invested funds, so comprehending associated risks before engaging is crucial.
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