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GSG Forex

Hong Kong|1-2 years|
Regulated in United States|MT4/5 full license|

https://www.forexgsg.com/index.html

Website

Rating Index

MT4/5 Identification

MT4/5 Identification

Full License

3
Server Name
GSG-Demo MT4
Server Location United States

Contact

+852 2815 0191
support@forexgsg.com
https://www.forexgsg.com/index.html
29F, Tower 5, The Gateway, 15 Canton Road, Harbor City, Tsim Sha Tsui, Kowloon, Hong Kong
  • The claim standard per customer is 2000 dollars

    IAP · Legal aid B

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GSG Forex · Company Summary

Aspect Information
Registered Country/Area Hong Kong
Founded year 1-2 years (exact year not specified)
Company Name GSG INTERNATIONAL CO, LTD
Regulation Not regulated
Minimum Deposit $10
Maximum Leverage Standard Account: up to 1:200, ECN Account: up to 1:500, VIP Account: up to 1:1000
Spreads Standard Account: Starting from 1.8 pips, ECN Account: Starting from 0.1 pips, VIP Account: Starting from 0.0 pips
Trading Platforms MetaTrader 4 (MT4) and MetaTrader 5 (MT5)
Tradable assets Forex currency pairs (major, minor, exotic), Forex metals (gold, silver), Forex indices (e.g., Dow Jones, Nasdaq), Forex energies (oil, natural gas), Forex cryptocurrencies (Bitcoin, Ethereum, Litecoin)
Account Types Standard Account: No minimum deposit, ECN Account: Minimum deposit of $500, VIP Account: Minimum deposit of $25,000
Demo Account Information not provided
Islamic Account Information not provided
Customer Support Email: support@forexgsg.com, Office in Hong Kong: Unit D, 16/F, One Capital Place, 18 Luard Road, Wan Chai, Phone: +852 2815 0191, Office in Beijing, China: 617, 5F, Building 1, Yard 12, Xingmao 1 Street, Tongzhou District
Payment Methods - Credit/debit cards, Bank wire transfer, PayPal, Skrill, Neteller

Overview of GSG Forex

GSG Forex, also known as GSG International Co., Ltd., is an unregulated trading platform based in Hong Kong. With a relatively short existence of 1-2 years, GSG Forex lacks proper regulation, which raises concerns about the safety and security of traders' investments. Traders should exercise caution and be aware of the potential risks associated with trading on an unregulated platform.

GSG Forex offers a variety of market instruments, including forex currency pairs (major, minor, and exotic), forex metals (gold and silver), forex indices (representing market sectors), forex energies (oil and natural gas), and forex cryptocurrencies (such as Bitcoin, Ethereum, and Litecoin). The platform provides different account types, including Standard, ECN, and VIP accounts, each catering to different trader needs based on experience and trading volume. Leverage options vary depending on the account type chosen, with the Standard Account offering up to 1:200 leverage and the ECN and VIP Accounts providing higher leverage options.

Spreads and commissions also differ among account types, with the Standard Account having spreads starting from 1.8 pips and no commissions, the ECN Account offering spreads from 0.1 pips with a $7 per round lot commission, and the VIP Account featuring spreads from 0.0 pips with a $5 per round lot commission. The minimum deposit requirement for all account types is $10, which is relatively low, and GSG Forex supports various deposit and withdrawal methods, with a minimum withdrawal of $50.

GSG Forex provides trading options through well-recognized platforms like MetaTrader 4 (MT4) and MetaTrader 5 (MT5), offering access to a wide range of financial instruments and trading features. For customer support, they can be reached via email at support@forexgsg.com and have physical office locations in Hong Kong and Beijing, China, with associated contact phone numbers. However, it's essential to note the platform's lack of regulation, which poses risks for traders.

basic-info

Pros and Cons

GSG Forex offers a diverse set of advantages, including a wide range of trading options, multiple account types, varied leverage options, low spreads, a choice of popular trading platforms, popular deposit and withdrawal methods, and readily available customer support. However, it is essential to note that these benefits are accompanied by drawbacks, such as the lack of proper regulation, high minimum deposit requirements for ECN and VIP accounts, commission fees for ECN and VIP accounts, and limited physical office locations.

Pros Cons
Wide range of trading options Lack of proper regulation
Multiple account types available High minimum deposit for ECN and VIP accounts
Varied leverage options Commission fees for ECN and VIP accounts
Spreads from 0 pips Limited physical office locations
Choice of popular trading platforms
Popular deposit and withdrawal methods
Customer support availability

Is GSG Forex Legit?

GSG Forex lacks proper regulation, which raises concerns about the safety and security of traders' investments. It is crucial to be cautious and aware of the potential risks associated with trading on an unregulated platform.

regulation

Market Instruments

FOREX CURRENCY PAIRS

GSG Forex offers a wide range of forex currency pairs to trade, including major, minor, and exotic pairs. Some examples of major pairs include EUR/USD, USD/JPY, and GBP/USD. Minor pairs include EUR/GBP, USD/CHF, and AUD/USD. Exotic pairs include USD/MXN, USD/TRY, and USD/ZAR.

FOREX METALS

GSG Forex also offers trading on forex metals, such as gold (XAU/USD) and silver (XAG/USD).

FOREX INDICES

GSG Forex offers trading on forex indices, which are baskets of stocks that represent a particular market or sector. Some examples of forex indices include the US30 (Dow Jones Industrial Average), NAS100 (Nasdaq-100), and SPX500 (S&P 500).

FOREX ENERGIES

GSG Forex offers trading on forex energies, such as oil (USOIL and UKOIL) and natural gas (NATGAS).

FOREX CRYPTOCURRENCIES.

GSG Forex also offers trading on forex cryptocurrencies, such as Bitcoin (BTC/USD), Ethereum (ETH/USD), and Litecoin (LTC/USD).

Pros and Cons

Pros Cons
Availability of forex metals, indices, energies, and cryptocurrencies for trading Potential for higher volatility in exotic pairs
Access to major, minor, and exotic currency pairs Limited mention of specific spreads and fees
Lack of information on market execution speed

Account Types

Standard Account: The Standard Account is designed for traders of all experience levels. It offers a variety of features, including spreads, execution, and no minimum deposit. This makes it a good choice for beginners who are just starting out.

ECN Account: The ECN Account is designed for experienced traders who want to trade with low spreads and the fastest execution possible. It offers direct access to the interbank market, which means that traders can get the best possible prices on their trades. However, the ECN Account does require a minimum deposit of $500.

VIP Account: The VIP Account is designed for high-volume traders who want the best possible trading conditions. It offers low spreads, the fastest execution, and an account manager. The VIP Account also requires a minimum deposit of $25,000.

Pros and Cons

Pros Cons
Suitable for traders of all levels High minimum deposit for ECN and VIP
Offers low spreads Limited accessibility for some traders
Direct access to interbank market

Leverage

GSG Forex offers a variety of leverage options, depending on the account type you choose. The Standard Account offers leverage up to 1:200, the ECN Account offers leverage up to 1:500, and the VIP Account offers leverage up to 1:1000.

leverage

Spreads & Commissions

The Standard Account has spreads starting from 1.8 pips and no commissions. The ECN Account has spreads starting from 0.1 pips and a commission of $7 per round lot. The VIP Account has spreads starting from 0.0 pips and a commission of $5 per round lot.

Minimum Deposit

The minimum deposit for all account types at GSG Forex is $10. This is a relatively low minimum deposit.

Deposit & Withdraw

GSG Forex offers a variety of deposit and withdrawal methods, a minimum withdrawal of $50. Deposit methods include credit/debit cards, bank wire transfer, PayPal, Skrill, and Neteller. Withdrawal methods are the same as deposit methods, with the exception of credit/debit cards.

Pros and Cons

Pros Cons
Variety of deposit and withdrawal methods High minimum withdrawal of $50
Availability of popular payment options Credit/debit card withdrawal not available

Trading Platforms

GSG Forex offers trading on multiple platforms, including MetaTrader 4 (MT4) and MetaTrader 5 (MT5), providing traders with a choice of trading options. These platforms are widely recognized and utilized in the industry, offering access to a range of financial instruments and features to facilitate trading activities.

trading-platform

Pros and Cons

Pros Cons
Utilizes MetaTrader 4 and 5 Lack of platform diversity
Widely recognized platforms May not cater to traders seeking alternative platforms

Customer Support

GSG Forex provides customer support through their email at support@forexgsg.com. They have two physical office locations, one in Hong Kong at Unit D, 16/F, One Capital Place, 18 Luard Road, Wan Chai, with a contact phone number +852 2815 0191, and another in Beijing, China, at 617, 5F, Building 1, Yard 12, Xingmao 1 Street, Tongzhou District.

customer-support

Conclusion

In conclusion, GSG Forex presents a range of trading options across various market instruments, including forex currency pairs, metals, indices, energies, and cryptocurrencies. The platform offers multiple account types to cater to different trader preferences, with varying leverage options and spreads. However, it's important to note that GSG Forex operates without proper regulation, which raises concerns about the safety of traders' investments. Furthermore, while the platform provides customer support through email and has physical office locations in Hong Kong and Beijing, it lacks transparency in terms of regulatory oversight. Traders should exercise caution and conduct thorough research before considering GSG Forex as an option for their trading needs.

FAQs

Q: What is the full name of GSG Forex?

A: The full company name of GSG Forex is GSG INTERNATIONAL CO, LTD, based in Hong Kong.

Q: Is GSG Forex regulated?

A: GSG Forex lacks proper regulation, which raises concerns about the safety and security of traders' investments.

Q: What types of market instruments can I trade on GSG Forex?

A: GSG Forex offers a variety of market instruments, including forex currency pairs, forex metals, forex indices, forex energies, and forex cryptocurrencies.

Q: What are the different account types available on GSG Forex?

A: GSG Forex offers Standard, ECN, and VIP account types, catering to traders with various experience levels and preferences.

Q: What are the leverage options and spreads on GSG Forex?

A: GSG Forex offers different leverage options depending on the account type, with spreads starting from 1.8 pips for Standard Account, 0.1 pips for ECN Account, and 0.0 pips for VIP Account.

Broker Information

Company Name

GSG International Limited

Company Abbreviation

GSG Forex

Regulatory Status

General Registration

Platform registered country and region

Hong Kong

Phone of the company
  • +852 2815 0191

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Company address
  • 29F, Tower 5, The Gateway, 15 Canton Road, Harbor City, Tsim Sha Tsui, Kowloon, Hong Kong

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Customer Service Email Address
  • support@forexgsg.com

  • service@forexgsg.com

Company Summary

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