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The WikiFX Score of this broker is reduced because of too many complaints!


United Kingdom|5-10 years|
Suspicious Regulatory License|MT4/5 White Label|High potential risk|


Rating Index

MT4/5 Identification


White Label





Influence index NO.1

Malaysia 7.22
The WikiFX Score of this broker is reduced because of too many complaints!

MT4/5 Identification

MT4/5 Identification

White Label

Server Name
GCMAsia-Demo01 MT4
Server Location Germany




Influence index NO.1

Malaysia 7.22

Surpassed 97.76% brokers

Biz AreaSearch StatisticsAdvertisingSocial Media Index


+1 800-81-9796
Michelin House, 81 Fulham Road, London. SW3 6RD


VPS Standard
No restriction on the broker account. Support service provided by WikiFX

Single Core



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Contact number


+1 800-81-9796


+62 212-7899-369

Broker Information


Company Name

GCM Asia

Company Abbreviation


Platform registered country and region

United Kingdom

Company website

Pyramid scheme complaint


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Warning: Low score, please stay away! 4
Previous Detection : 2023-09-23
  • It has been verified that this broker currently has no valid regulation. Please be aware of the risk!
  • The number of the complaints received by WikiFX have reached 19 for this broker in the past 3 months. Please be aware of the risk and the potential scam!

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Pyramid scheme complaint

They scammed me on exchange rate.

I met a trader on GCM. He promised me their exchange rate would be consistent with the bank. After I earned and tried to withdraw, he said the exchange rate is set by the platform instead of bank. He even told me it is ok since I earned money! Don’t get yourself fooled! They service fee for deposit and withdraw is 25% high. Don’t believe them!

2018-10-19 18:08

GCM fraud platform

I registered a national exchange in GCM a year ago, and my account became liquidated. Now I want to log in to view the historical trade record. At that time, the leverage was 200 times.I asked for my account and login information and customer service arranged an analyst for me. I Just want to log in to the account.Through WeChat call, the analyst said that the platform is regulated by the FCA in August,2018,and now the leverage is 10 times. The previous account was frozen since I didn’t log in for long time.It’s OK.The analyst said that recharging to trade can activate the account.Such a contradiction. Only by recharging the account can I log in?How to do with my previous deposit?Why I can't I log in?The analyst said that how to trade without money? Recharge the account can also continue trading with high leverage.As far as I am concerned,I won’t trade unless the FCA regulate the low leverage.Low leverage can activate the new account,what about high leverage activate the old account?Why I can’t review the record without recharging?Is it a fraud platform?Why only deposit is allowed instead of viewing the record?

2019-01-09 19:02

    GCM · Company Summary

    Aspect Information
    country/registered area United Kingdom
    Foundation year 5-10 years
    Company Name GCM Asia
    Regulation suspicious regulatory license
    minimum deposit not specified
    Maximum Leverage Up to 200:1
    Untables From 2.5 pips
    trading platforms GCMasia pro, metatrader 4
    tradable assets Currency Pairs, CFDs on Precious Metals, CFDs on Commodities, CFDs on Shares, CFDs on Indices, Treasuries
    Account Types Standard Account, Premium VIP Account, ECN Pro Account, Demo Account
    demo account Available
    islamic account not specified
    Customer Support Telephone support, email
    Payment methods Credit/Debit Card, WeChat Pay, Alipay, FPX Pay, Online Banking, BitPay, Neteller, Skrill, Bank Transfer
    educational tools Economic Calendar, Forex Calculator, Swap Rate Calculator, Pip Calculator, Margin Calculator, Strategy, Daily Analysis, Weekly Analysis

    General information

    GCMasia is a forex and cfd broker and works in association with fortrade, promoting its services and platforms in the asian region. fortrade is the trading name of fortrade ltd, llc “fort securities blr”, and fort securities australia pty ltd. for trade ltd. is authorized and regulated by the financial conduct authority (fca) with firm reference number (frn) 609970. llc "fort security blr" was registered by the minsk city executive committee on may 8, 2018 under the number 193075810 and was listed by the national bank of the republic of belarus in the register of forex companies on june 19, 2018. fort security australia pty ltd. is authorized and regulated by the australian securities and investment commission (asic) abn: 33 614 683 831 | afsl number: 493520.

    Pros and cons

    GCMit has garnered mixed reviews from merchants, presenting pros and cons. on the positive side, GCM Asia offers a wide range of trading instruments spanning currencies, stocks, indices, precious metals, commodities and treasury bonds. They cater to the different needs of traders through their various types of accounts. besides, GCM Asia provides highly regarded trading platforms such as GCM Asia pro and metatrader 4, which are popular within the industry. They also provide market analysis, an economic calendar, and educational resources to help traders make informed decisions.

    however, concerns and drawbacks surround GCM Asia . regulatory agencies have labeled it a "suspicious clone," raising questions about its legitimacy. merchants have reported multiple complaints, including withdrawal and customer support issues. these factors throw uncertainty on the trustworthiness and trustworthiness of the corridor. traders should be careful and explore reputable alternative brokers with established track records.

    advantages Contras
    Wide range of trading instruments Categorized as a "suspicious clone" by regulators
    Different account types available Many merchant complaints
    Popular trading platforms offered Reliability and trustworthiness concerns
    Market analysis and educational resources provided. Problems with withdrawals and customer service
    Multilingual customer service High minimum deposit requirement
    demo account available Limited payment options
    Bonuses and promotions offered Limited educational resources

    is GCM legal?

    GCMis being described as suspicious and potentially involved in a scam. the text mentions that GCM It claims to be regulated by the Financial Conduct Authority (FCA) in the UK under license number 609970. However, this FCA regulation is claimed to be suspected of being a clone.

    the warning indicates that GCM does not have a valid regulation and advises people to be aware of the risks associated with this broker. mention of complaints received by wikifx and negative field survey reviews further suggest possible fraudulent activity or unethical practices associated with GCM .

    Given this information, it is crucial to exercise caution and consider properly regulated alternative intermediaries when conducting financial transactions.


    market instruments

    customers can trade more than 300 products on GCM Asia , including forex, bonds, stocks, indices, precious metals, commodities, etc.

    market instruments offered by GCM They include currency pairs, CFDs on precious metals, CFDs on commodities, CFDs on shares, CFDs on indices and Treasury bonds.

    Currency pairs:

    GCMprovides access to the foreign exchange market, which is known for its high liquidity, with approximately $5 trillion traded daily. Traders can choose from over 50 currency pairs, including popular options such as eur/usd, gbp/usd, aud/usd, and usd/jpy. the advantages of trading currency pairs with GCM they include zero commissions, high leverage, and the ability to trade the forex markets 24 hours a day, five days a week.

    CFDs on precious metals:

    GCMoffers traders the opportunity to trade precious metals, which are often sought after as safe-haven assets in times of uncertainty and market volatility. Traders can participate in CFDs (contracts for difference) on metals such as gold, silver, platinum, and palladium. the benefits of trading precious metals cfds with GCM they include precise execution with no requotes, zero commissions, and high leverage.

    Commodity CFDs:

    GCMIt allows traders to diversify their portfolios by trading CFDs on commodities. This includes fixed spreads on commodities such as oil, natural gas, soybeans, corn, and other energy and agriculture related CFDs. traders can speculate on the price movements of these commodities without taking actual ownership. Like other instruments, CFDs on commodities come with zero commissions and high leverage.

    CFDs on shares:

    for portfolio diversification, GCM offers stock CFDs on a variety of US, Australian and European stocks. Traders can choose from over 200 stocks from popular marketplaces like Facebook, Amazon, Alibaba, and more. With stock CFDs, traders can enjoy zero commissions, high leverage, and accurate execution.

    CFD index:

    GCMProvides the opportunity to trade indices CFDs, allowing traders to engage in spot indices CFD trading. Traders can choose from more than 20 indices from the US, European and Asian markets. Index CFDs offer zero commissions, high leverage, and fast order execution.


    GCMAllows CFD trading on United States Treasury securities issued by the United States Department of the Treasury. Traders can participate in CFDs on 5-, 10-, and 30-year US Treasury securities. the advantages of trading treasury bonds with GCM they include zero commissions, high leverage, and enhanced execution.

    advantages Contras
    High liquidity Market volatility potential
    diversification opportunities Market risks
    zero commissions Lack of physical property.
    High level Potential for financial losses
    24/5 market access Regulatory and legal considerations
    precise execution
    Fast order execution

    Account Types


    The standard account offered by CMAsia is suitable for traders who want to start with a relatively small deposit of $100. This account allows traders to execute trades with a minimum trade size of 0.01 lots. With a maximum leverage of 1:200, traders can expand their trading positions. However, it is important to note that higher leverage also comes with higher risk. The standard account has an average margin of 2.5 pipes, It represents the difference between the buy and sell price of a currency pair.


    CMAsia provides the Premium VIP account for high-level clients seeking additional benefits and personalized services. VIP clients have the opportunity to participate in professional training courses that can enhance their knowledge and understanding of investment strategies. They also receive access to free forex training materials, allowing them to expand their trading skills. In addition, the Premium VIP account grants exclusive access to expert risk management advice, allowing clients to apply advanced investment techniques and minimize potential risks.


    The ECN Pro account is designed for high volume traders who require direct access to the interbank market. This type of account offers the advantage of operating with low transaction costs through a commission-based model. By paying a small fee per transaction, merchants can lower their costs and potentially increase their overall profits. ECN Pro account benefits are tied to trading volume, which means that as traders execute more trades, they gain access to additional benefits and features.


    CMAsia also offers a Demo account, which serves as a practice platform for traders. This account allows people to get familiar with the trading platform and test various strategies without risking any real money. Traders can simulate real market conditions and assess the effectiveness of their trading strategies without fear of financial loss.

    advantages Contras
    Professional training available Standard account has limited features
    Risk management advice provided ECN Pro account requires a high volume of transactions
    Disseminate offers to VIP customers Wider spreads on specific instruments
    Direct access to the interbank market
    Demo account to practice and learn

    How to open an account?

    to open an account with GCM Asia without using the terms mentioned, follow these steps:

    1. visit the GCM asia website: use a web browser to access the official website GCM asian website.

    2. choose the type of account: GCM Asia offers two account options: demo account and real account. select the type of account according to your trading preferences. the demo account allows you to practice trading with virtual funds, while the real account involves real money.


    3. Provide personal information: Fill out the online registration form accurately with your personal information. This typically includes your title (eg Mr.), all first names, last name, email address, and phone number.

    4. Complete account setup: Follow the instructions provided and provide any additional information needed to finish setting up your account. This may involve verifying your email address or submitting identification documents in accordance with regulatory requirements.

    5. Review and accept the terms and conditions: Please read carefully the terms and conditions provided by GCM Asia . make sure you understand and agree to the terms before proceeding.


    6. Deposit funds (for real account): If you are opening a real account, you will need to deposit funds into your account. GCM Asia will provide you with information on available payment methods and minimum deposit requirements.

    7. Activate your account: Once you have completed all the necessary steps, your account will be activated and you will receive confirmation of GCM Asia .


    leverage in the context of GCM Asia refers to the ability provided to traders to enlarge their trading position size by a specified multiple. GCM Asia offers standard leverage options to its traders, allowing them to increase the size of their trades. the maximum leverage available is 200:1, which means that traders can control a position that is 200 times larger than their trading account balance.

    non-commercial rates

    non-commercial fees refer to charges collected by GCM Asia that are not directly associated with commercial activities. an example of such a fee is the inactivity fee. this fee is applicable to accounts that remain inactive for a continuous period of 180 days or more. GCMAsia imposes a monthly fee of $10 or an amount equal to the Inactivity Fee.

    Spreads and Commissions

    GCMAsia offers spreads starting at 2.5 pipes and it's not impose a minimum deposit requirement for traders. the spreads offered by GCM Asia It can affect trading costs and profitability, so it is crucial for traders to assess the implications of their spread and commission structure.

    business platform

    GCMAsia offers two trading platforms: GCMasia pro y metatrader 4.tThese platforms cater to traders who are looking for different features and functionality, giving them options based on their preferences and trading styles. Both platforms are designed to be accessible from a variety of devices, including Apple and Android mobile devices, PCs, and tablets.

    GCMasian professional is a trading platform available as an android/ios app, which allows users to trade a wide range of more than 300 products. The mobile app allows traders to access the platform anytime, anywhere, giving them the freedom to manage their trades on the go. GCM Asia pro offers a user-friendly interface, making it easy for traders to navigate through the platform and execute their trades efficiently. Additionally, the platform incorporates a range of features that enhance the trading experience, providing users with tools and resources to make informed trading decisions.


    metatrader 4, on the other hand, it is a widely recognized and popular trading platform in the industry. It is accessible from Android devices, mobile devices, PCs and tablets, allowing traders to choose their preferred device. MetaTrader 4 is known for its comprehensive charting capabilities, allowing users to analyze market trends and patterns effectively. The platform also offers advanced technical analysis tools, allowing traders to apply various indicators and charting techniques to identify potential trading opportunities. In addition, MetaTrader 4 supports automated trading options, allowing users to implement trading strategies through the use of Expert Advisors (EAs) and custom indicators.

    advantages Contras
    Wide range of products Lack of platform diversity
    Accessibility from various devices Limited customization options
    friendly interface Limited educational resources
    Full graphics capabilities Steeper learning curve for advanced features
    Advanced technical analysis tools Limited integration with other platforms
    Automated trading options

    trading tools

    GCMasia offers a range of trading tools designed to assist traders in their decision-making process and enhance their overall trading experience. These tools can be classified into various types, each with a specific purpose.

    Economic Calendar: The Economic Calendar is a valuable tool that displays important economic announcements and events. It provides traders with information on key economic indicators such as interest rate decisions, GDP releases and employment data. By staying up to date on these events, traders can anticipate market volatility and adjust their trading strategies accordingly.

    Currency calculator: The currency calculator allows traders to quickly convert between different currencies. It helps them assess the value of different currency pairs and make informed trading decisions. This tool eliminates the need for manual calculations and provides accurate currency exchange rates in real time.


    Interchange Fee Calculator: The Swap Rate Calculator is designed to help traders calculate overnight swap rates for holding positions overnight. This information is crucial for traders who are engaged in long-term trading strategies and need to take into account any costs or benefits associated with holding positions overnight.


    Pipe Calculator: Pip Calculator is a simple tool that allows traders to calculate the value of a pip for various currency pairs. It helps traders determine the potential profit or loss on a trade based on pip movement, allowing for better risk management and position sizing.


    Margin Calculator: The Margin Calculator is an essential tool for traders as it helps them calculate the margin required to open or hold positions. It helps traders understand the amount of leverage they can use and the potential risk involved in their trades.


    Strategy, daily analysis and weekly analysis: GCMAsia also offers various strategies, daily analysis and weekly analysis to provide traders with valuable information and research. These resources help traders identify potential trading opportunities, analyze market trends, and make informed decisions based on fundamental and technical analysis.

    advantages Contras
    Helps merchants in decision making. Limited description of strategies.
    Improves the overall trading experience Reliance on accurate data sources
    Provides information on economic events. Requires internet connectivity
    Facilitates fast currency conversions May require additional learning
    Calculate overnight exchange rates Trust in accurate market data
    Help in calculating the pip value Potential dependency on automated tools
    Help in calculating margin Availability of advanced tools may vary
    Offers valuable insights and analysis

    deposit and withdrawal

    1. CHINA (Credit/Debit Card, WeChat Pay, Alipay): in China, GCM Asia offers various deposit options to meet the preferences of Chinese merchants. Customers can use credit/debit cards (china union), wechat pay or alipay to fund their business accounts. these options provide a familiar way for Chinese traders to add funds and start trading.

    2. MALAYSIA (FPX Payment, Online Banking): for customers in malaysia, GCM Asia offers two deposit options: fpx payment and online banking.

    3. INTERNATIONAL (Credit/Debit Card, BitPay, Neteller, Skrill, Bank Transfer): International customers have a wider range of deposit options. They can choose to deposit funds via credit/debit card (VISA, MASTER, AMEX), BitPay, Neteller, Skrill or bank transfer.

    GCMAsia recommends a minimum initial deposit of €/$/£500, depending on the base currency chosen by the merchant. However, it is also possible to start trading with a smaller amount as low as 100€/$/£. This lower minimum deposit allows users to enter the trading market with a more affordable investment if they prefer.

    When using bank transfer as a deposit method, it usually takes up to seven (7) business days for the funds to be credited to the trading account. However, the actual schedule may vary and it is recommended that you contact the bank for more accurate information on the processing time for electronic transfers.

    Pros and cons

    advantages Contras
    Wide range of deposit options Longer processing time for bank transfers
    Accessibility for international customers Limited withdrawal options in some regions
    Lower minimum initial deposit Possible currency conversion fees

    Educational resources

    in addition to webinars, GCM Asia it also offers educational materials in the form of articles and guides. These resources cover a wide range of trading-related topics, including risk management, trading psychology, trading strategies, and market indicators. The articles are written by experts in the field and aim to provide traders with in-depth knowledge and practical advice.

    GCMAsia's educational resources are designed to empower traders with the information they need to make informed decisions in the financial markets. offering webinars, articles and guides, GCM Asia aims to support its clients on their journey to become more informed and empowered traders.


    Customer Support

    customer service in GCM Asia involves providing assistance and addressing user queries. They offer various channels such as phone, email, facebook and instagram to make it easy to communicate with their support team. the telephone numbers available for English-speaking users are +1 800-81-9796 and +62 212-7899-369. users can also contact customer support via email at cs@ GCM Asia .com. GCM Asia customer support operates 24/5, allowing users to seek help during most trading hours.



    GCMit has negative reviews on wikifx, with users calling it a scam platform. Complaints include inability to withdraw funds, deliberate account liquidation, aggressive behavior by analysts, difficulty logging in, forced liquidation without proper guidance, and problems with deposit channels. one settled case involved the forced closure of a user's account and the platform demanded a service charge for its restoration. in general, users advise to stay away from GCM because of these experiences.



    in conclusion, GCM (either GCM Asia ) seems to be a broker with several drawbacks and risks. The broker is labeled as suspicious and potentially involved in scams, and its UK Financial Conduct Authority (FCA) regulatory license is suspected to be a clone. complaints and negative reviews further raise concerns about the credibility of the broker. on the positive side, GCM offers a wide range of market instruments, including currency pairs, CFDs on precious metals, CFDs on commodities, CFDs on shares, CFDs on indices and Treasury bonds. it also provides different types of accounts to suit the preferences of traders and offers two trading platforms, GCM pro and metatrader 4. However, the disadvantages include potential market volatility, market risks, limited features for standard accounts, longer processing time for bank transfers, and limited platform customization options. taking into account the risks and disadvantages associated with GCM , people should be careful and explore alternative brokers that are properly regulated.

    frequent questions

    what is it GCM a legit broker?

    to: based on the information provided, GCM (or fortrade limited) is described as suspicious and potentially involved in a scam. The claim to be regulated by the FCA is suspected to be a clone, and the broker has no valid regulation.

    q: what market instruments does GCM offer?

    to: GCM It offers Forex Pairs, CFDs on Precious Metals, CFDs on Commodities, CFDs on Stocks, CFDs on Indices and Treasury Bonds.

    Q: What are the pros and cons of trading with GCM ?

    A: The advantages include high liquidity, diversification opportunities, zero fees, high leverage, 24/5 market access, and accurate execution. Disadvantages include potential market volatility, market risks, lack of physical ownership, potential financial losses, and legal and regulatory considerations.

    q: what types of accounts do you have GCM offer?

    to: GCM offers standard, premium vip, ecn pro and demo accounts.

    q: how can i open an account with GCM ?

    a: to open an account with GCM , visit their official website, choose the account type (demo or real), provide personal information, complete the account setup, review and accept the terms and conditions, deposit funds (for a real account) and activate your account.

    Q: What is the leverage you offer GCM ?

    to: GCM offers a maximum leverage of 200:1, allowing traders to control a position that is 200 times larger than their trading account balance.

    Q: What are the spreads and commissions on GCM ?

    to: GCM offers spreads starting at 2.5 pips and does not impose a minimum deposit requirement.


    GCMASia Review – Is scam or safe forex broker?

    NewsGCMASia Review – Is scam or safe forex broker?

    2021-12-17 10:42

    GCMAsia operates as a “marketing affiliate” of Fortrade Ltd – a UK forex broker regulated by the country’s Financial Conduct Authority (FCA). As per Fortrade’s affiliate program site, it offers CPA fees or flexible payment plans, commissions, marketing support, etc.

    2021-12-17 10:42
    GCMASia Review – Is scam or safe forex broker?

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    more than one year
    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.
    2023-03-23 18:10
    more than one year
    I have seen some victims report that the teachers on this platform are also deceiving people. I really have nothing to say... I feel that foreign exchange is often studied by myself. The strategies and tactics on the Internet can only provide one. Knowledge.
    2022-12-15 11:10
    more than one year
    Guohui Asia claims that it has no handling fees and no commissions to attract inexperienced foreign exchange traders, and then defraud them of their money by various means, freezing their accounts and preventing them from withdrawing money! I have called the police. If I can't get my money back, I will at least let more people know his true colors.
    2022-12-14 16:58
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