Company Profile
Company Profile
Review summary
General Information & Regulators of GCMAsia
GCMAsia is a partner of Fortrade and is responsible for promoting Fortrade's services and trading platform in Asia. Fortrade Limited is authorized and regulated by the Financial Conduct Authority (FCA) of the United Kingdom (regulatory number: 609970). Fort Securities BLR is authorized and regulated by the National Bank of Belarus (NBRB) (regulatory number: 193075810). Fort Securities Australia Pty Ltd. is authorized and regulated by the Australian Securities and Investments Commission (ASIC) (regulatory number: 493520). GCMAsia offers clients accounts with Fortrade UK (regulated by the FCA), Fortrade Belarus (regulated by the NBRB), and Fortrade Australia (regulated by ASIC).
Safety Analysis of GCMAsia
GCMAsia's claims of cooperation with a number of companies regulated by global level regulators and the promise to open customer accounts in the name of these regulated companies are completely false. GCMAsia itself is not subject to any effective regulation, which means that its clients are not protected in any way. Investors should always be careful to avoid GCMAsia as a trading platform.
Markets Instruments of GCMAsia
GCM ASIA provides traders with access to popular financial instruments, mainly 60+ global currency pairs, US, EU &HK stocks, major global market indices, gold, silver, platinum precious metals, commodities, treasury bonds.
Leverage of GCMAsia
The leverage on the GCMAsia platform is 1:100 for major currency pairs, 1:25 for minor currency pairs, 1:10 for EU stocks, 1:5, 1:10 for US stocks, 1:100 for gold, 1:100 for USD crude oil, 1:50 for UK crude oil, and 1:20 for US treasury bonds.
Spreads of GCMAsia
The average spread for EURUSD is 2.5 pips, for GBPUSD is 3.5 pips, for EURGBP is 2.5 pips, for AUDUSD is 3 pips, for Australia 200 is 5 AUD, for Germany 30 is 2.50 EUR. Gold USD spreads are $0.50, and Gold EUR spreads are 1 EUR. The night spread for USOil (22:30-05:00) is 60 pips, and the night spread for EURGBP (21:55-22:55) is 60 pips.
Trading Platforms Avaiable
GCMAsia offers traders the flexibility to choose between the MT4 PC, MT4 Mobile, MT4 Web, GCMAsia Pro for mobile, and GCMAsia Pro for the web.
loke2455
Malaysia
They kept calling to rush me when depositing, but when it came to withdrawing, the teacher pretended to know nothing and now has disappeared.
Exposure
Ste7en♥卡卡
South Africa
All I want to tell you guys is that stay away from this broker or company. It is not reliable. I opened my live account month ago, and this happened many times. My stop loss hit and my trade was closed, even though market didn’t reach on that point yet. I don’t know why this would happen. I cannot think other reason except that they made some manipulation.
Neutral
美74852
United States
The trading conditions of this foreign exchange company look very good, I am going to open a demo account to try it out. Anyway, the demo account is very safe.
Positive
Carol20509
Vietnam
I saw some victims reporting that the mentors on this platform can also be deceptive, truly speechless... It feels like forex trading often requires personal dedication to research, and those online guides or tactics can only provide basic knowledge.
Neutral