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Influence index NO.1
Influence index NO.1
Don’t trade in this broker! I have been cheated for twice and lost $400 in total.As long as you make profits,you will be defrauded.Choose the broker carefully!
This platform is not good, tricking u into losing money and keeping asking to deposit funds. I profited once cuz I operated adversely while I couldn’t withdraw funds
You can't withdraw when you profit. The platform colluded with the analyst. The customer service said they would contact the analys to help me withdraw within three days but I havn't received my money for two weeks and the analyst didn't respond.
A few days ago, I was pulled into a group, in which teachers gave analysis on stock market. I just stood by and watched. Sometimes, teachers also sent some profit screenshot. Then they would recommend us a new platform with high return and low risk. In the following days, some members showed their profits, about tens thousand or so. On the third day, the teacher said to take us to make money, inveigling us to add fund. I deposited 180 thousand yuan, but the teacher gave adverse recommendation and kept us awaiting, in wake of which I made a loss of 100 thousand during May. On the night of the end of the month, my 2 orders all brought about 50 thousand losses. 150 thousand was gone within 2 days. He committed to taking us to recover losses. At first, I didn’t doubt about it. But it was too late on the next day. The withdrawal has become unavailable. GCMAsia deferred to July 8, while the fund is still un-received.
|Founded Year||2-5 years|
|Company Name||GCM YATIRIM MENKUL DEĞERLER ANONIM ŞIRKETI|
|Regulation||Suspicious Clone with licenses from ASIC, FCA, NBRB|
|Minimum Deposit||$100 (Standard account)|
|Spreads||Starting from 2.5 pips|
|Trading Platforms||GCMAsia Pro, MetaTrader 4|
|Tradable Assets||Forex, stocks, indices, precious metals, commodities, treasuries|
|Account Types||Standard, Premium VIP, ECN Pro, Demo|
|Islamic Account||Not mentioned|
|Customer Support||Telephone, QQ, Email (firstname.lastname@example.org)|
|Payment Methods||Credit/Debit Card, WeChat Pay, Alipay, FPX Payment, Online Banking, BitPay, Neteller, Skrill, Wire Transfer|
|Educational Tools||Webinars on trading and market analysis|
GCMAsia is a brokerage firm that offers trading services in the financial markets. They claim to be regulated by multiple authorities, including ASIC (Australia), FCA (UK), and NBRB (Belarus). The broker provides access to various trading instruments, including forex, stocks, indices, precious metals, commodities, and treasuries.
GCMAsia offers different account types to cater to the needs of different traders. These include Standard, Premium VIP, ECN Pro, and Demo accounts. They also provide traders with trading platforms like GCMAsia Pro and MetaTrader 4, which are popular choices in the industry.
The broker offers some additional features and tools, such as market analysis, economic calendar, and educational resources. However, it is important to note that GCMAsia has raised several concerns and red flags. Regulatory agencies have categorized it as a “Suspicious Clone,” and there have been numerous complaints from traders. As a result, it is advised to approach GCMAsia with caution and consider alternative reputable brokers with a proven track record.
GCMAsia has received mainly negative reviews from traders, and there are several notable concerns and drawbacks associated with GCMAsia. Regulatory agencies have categorized it as a “Suspicious Clone,” raising red flags about its legitimacy. There have been numerous complaints from traders, including issues with withdrawals and customer support. These factors cast doubt on the reliability and trustworthiness of the broker. It is important for traders to exercise caution and consider alternative reputable brokers with a proven track record.
|None||Categorized as a “Suspicious Clone” by regulators|
|Numerous complaints from traders|
|Concerns about reliability and trustworthiness|
|Issues with withdrawals and customer support|
|High minimum deposit requirement|
|Limited payment options|
|Limited educational resources|
Based on the information provided, GCMAsia claims to be regulated by three regulatory agencies: the Australia Securities & Investment Commission (ASIC), the Financial Conduct Authority (FCA) in the United Kingdom, and the National Bank of the Republic of Belarus (NBRB). However, there are several red flags and warnings associated with GCMAsia.
According to the information provided, GCMAsia is categorized as a “Suspicious Clone” by the regulatory agencies. The licenses claimed by GCMAsia from ASIC, FCA, and NBRB are suspected to be clones. This indicates that GCMAsia may be falsely claiming regulation from these authorities.
Additionally, there is a warning of a low score associated with GCMAsia, urging users to stay away from the broker due to the risk involved. The broker has also received four complaints in the past three months.
Considering these warnings and the suspicious clone status of GCMAsia's claimed licenses, it is advised to exercise caution and avoid dealing with this broker.
GCM Asia says it offers more than 300 trading instruments, including major stocks indices in the world, as well as a huge amount of US and UK stocks.
GCMAsia offers trading in the forex market, which is the largest financial market in the world. Traders can access over 60 global currency pairs and enjoy 24-hour trading opportunities. Forex trading provides the potential for profit through the fluctuation of exchange rates.
GCMAsia allows traders to participate in the movements of leading brands in the global stock market. By trading stocks, investors can diversify their portfolios and potentially benefit from the performance of individual companies. This market instrument offers exposure to the stock market and the opportunity to capitalize on stock price movements.
GCMAsia provides access to major world stock indices, covering markets in Asia, Europe, and America. Trading indices allows investors to speculate on the overall performance of a group of stocks rather than individual stocks. It can be an ideal choice for nighttime trading, as it allows exposure to multiple markets.
GCMAsia offers trading in precious metals such as gold, silver, copper, and palladium. Precious metals are considered safe havens during economic turmoil, as they tend to retain value or even increase in price. Trading precious metals can provide a hedge against inflation and diversification in a portfolio.
GCMAsia allows traders to trade commodities like crude oil, natural gas, corn, soybeans, and more. Commodities offer great volatility and liquidity, presenting opportunities for profit. They often move in opposition to stocks, providing a potential diversification option for traders.
GCMAsia enables trading in US government treasuries. Treasuries tend to move in opposition to interest rates, offering opportunities for traders to benefit from interest rate fluctuations. This market instrument allows traders to take long or short positions easily on government bonds.
GCMAsia offers multiple account types for traders, including Standard, Premium VIP, ECN Pro, and Demo accounts.
The Standard account requires a minimum deposit of $100 and allows traders to trade with a minimum trade size of 0.01 lots. It offers a maximum leverage of 1:200 and has an average spread of 2.5 pips.
The Premium VIP account is designed for high-end customers and offers additional benefits. VIP customers can enroll in professional training courses to enhance their proficiency and understanding of investment strategies. They also receive free forex training materials. Moreover, the VIP account provides access to expert risk management advice, allowing customers to apply strategic investment methods.
The ECN Pro account is available for high transaction customers and offers direct access to the interbank market. Traders using this account pay a low commission on transactions, which helps to minimize costs and maximize returns. The ECN Pro account is based on trading volume, and additional benefits are provided as the trading volume increases.
There is also a Demo account available, which allows traders to practice and familiarize themselves with the platform and trading strategies without risking real money. This account is useful for beginners and those who want to test their trading strategies in a risk-free environment.
Pros and Cons
|Professional training available||Standard account has limited features|
|Risk management advice provided||ECN Pro account requires high transaction volume|
|Spread offers for VIP customers||Wider spreads on specific instruments|
|Direct access to interbank market|
|Demo account for practice and learning|
To open an account with GCMAsia, follow these steps:
Visit the GCMAsia website: Go to the official website of GCMAsia using a web browser.
Choose Account Type: GCMAsia offers two types of accounts: Demo Account and Real Account. Select the type of account you want to open based on your trading preferences. A Demo Account allows you to practice trading with virtual funds, while a Real Account involves trading with real money.
3. Fill in Personal Information: Provide your personal details accurately in the online registration form. This typically includes your title (e.g., Mr.), all given names, last name, email address, and phone number.
4. Complete Account Setup: Follow the instructions and provide any additional information required to complete the account setup process. This may include verifying your email address or submitting identification documents as per regulatory requirements.
5. Read and Accept Terms and Conditions: Carefully review the terms and conditions provided by GCMAsia. Ensure that you understand and agree to the terms before proceeding.
6. Fund Your Account (for Real Account): If you are opening a Real Account, you will need to deposit funds into your account. GCMAsia will provide you with information on available payment methods and minimum deposit requirements.
7. Account Activation: Once you have completed the necessary steps, your account will be activated, and you will receive confirmation from GCMAsia.
The maximum trading leverage offered by GCM Asia is quite generous, reaching up to 200:1, which could almost satisfy the most aggressive traders and their trading strategies. Since leverage can amplify gains as well as losses, inexperienced traders are not advised to use a too-high lever.
Non-Trading Fees, such as inactivity fees, are charges imposed by GCMAsia for specific actions or lack thereof that are not directly related to trading activities. One such fee is the Inactivity Fee. GCMAsia implements an inactivity fee for accounts that remain inactive for more than 180 consecutive days. The fee amount is $10 per month or an equivalent amount.
GCMAsia provides various deposit and withdrawal options, which may vary depending on the country or region. For China, the available options include Credit/Debit Card (China Union), WeChat Pay, and Alipay. In Malaysia, customers can use FPX Payment and Online Banking. For international clients, the options include Credit/Debit Card (VISA, MASTER, AMEX), BitPay, Neteller, Skrill, and Wire Transfer.
The minimum initial deposit recommended by GCMAsia is €/$/£500, depending on the base currency. However, it is possible to start trading with as little as €/$/£100. This allows users to begin trading with a smaller amount if they prefer.
When using wire transfer for funds deposit, it usually takes up to seven (7) business days for the funds to be credited to the trading account. The specific timeline may vary, so it is advisable to contact the bank for more accurate information.
GCMAsia offers two trading platforms: GCMAsia Pro and MetaTrader 4. These platforms provide users with the ability to trade on a wide range of products and are accessible from various devices, including Apple and Android mobile devices, PCs, and tablets.
GCMAsia Pro is available as an Android/iOS app, allowing users to trade on over 300 products. Traders can access the platform anytime and anywhere using their mobile devices. GCMAsia Pro provides a user-friendly interface and a range of features to enhance the trading experience.
MetaTrader 4 is another trading platform offered by GCMAsia. It is accessible from Android devices, mobile devices, PCs, and tablets. MetaTrader 4 is a widely recognized and popular platform in the industry, known for its comprehensive charting capabilities, advanced technical analysis tools, and automated trading options. It provides users with access to a vast range of trading instruments and allows for the implementation of various trading strategies.
GCMAsia provides a range of trading tools to assist traders in their decision-making process and enhance their trading experience. These tools can be categorized into several types: Economic Calendar, Currency Calculator, Swap Rates Calculator, Pip Calculator, Margin Calculator, Strategy, Daily Analysis, and Weekly Analysis.
The Economic Calendar is a valuable tool that displays important economic events and announcements, helping traders stay updated on significant market-moving events. It provides information about key economic indicators, such as interest rate decisions, GDP releases, employment data, and more. By staying informed about these events, traders can anticipate market volatility and adjust their trading strategies accordingly.
The Currency Calculator is another useful tool offered by GCMAsia. It allows traders to quickly convert between different currencies, helping 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.
The Swap Rates Calculator is designed to help traders calculate the overnight swap rates for holding positions overnight. This information is essential for traders who engage in long-term trading strategies and need to account for the costs or benefits associated with holding positions overnight.
The Pip Calculator is a straightforward tool that enables 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 the pip movement, allowing for better risk management and position sizing.
The Margin Calculator is a critical tool for traders as it helps them calculate the required margin for opening or maintaining positions. It assists traders in understanding the amount of leverage they can use and the potential risk involved in their trades.
GCMAsia also offers various strategies, daily analysis, and weekly analysis to provide traders with valuable insights and research. These resources help traders identify potential trading opportunities, analyze market trends, and make informed decisions based on technical and fundamental analysis.
GCMAsia offers several educational resources to its clients, including webinars on various topics related to trading and market analysis. These webinars provide opportunities for traders to enhance their knowledge and skills in the financial markets.
The webinars cover different areas such as market updates, fundamental and technical analysis, trend analysis, candlestick patterns, and more. They are conducted by leading analysts affiliated with GCMAsia and are designed to provide valuable insights and strategies to traders.
Clients can attend these webinars for free by contacting their designated account manager and signing up. The webinars are conducted live at specific dates and times, allowing participants to engage in real-time learning and interact with the presenters.
GCMAsia provides customer support services to assist users with their inquiries and concerns. They offer multiple channels for reaching their support team, including telephone, QQ, and email (email@example.com). The customer support is available 24/5, allowing users to seek assistance during most trading hours.
Types of Customer Support:
Telephone: Users can contact the GCMAsia support team via telephone to discuss their queries or seek assistance. The specific phone numbers provided are +1-800-81-9796 for Malaysia, 400-120-0257 for China, and 62-212-7899-369 for Indonesia.
QQ: GCMAsia offers support through the QQ messaging platform, allowing users to communicate with the support team using this popular messaging service.
Email: Users can also reach out to GCMAsia's customer support via email at firstname.lastname@example.org. This enables users to send detailed inquiries or provide feedback and comments.
GCM Asia offers demo accounts for new traders to test the trading environment and practice their trading strategies.
In conclusion, GCMAsia presents itself as a brokerage firm offering a wide range of trading instruments. However, there are several disadvantages and red flags associated with GCMAsia. The broker is categorized as a “Suspicious Clone” by regulatory agencies, raising concerns about the legitimacy of its claimed licenses from ASIC, FCA, and NBRB. The low score and multiple complaints further indicate potential risks. Additionally, there is a lack of clarity regarding regulation, and the broker operates with high potential risks. On the positive side, GCMAsia provides multiple account types, trading platforms (GCMAsia Pro and MetaTrader 4), and a range of trading tools. It also offers educational resources such as webinars. However, considering the disadvantages and uncertainties surrounding GCMAsia, traders are advised to exercise caution and explore other reputable brokerage options.
Q: Is GCMAsia a legitimate broker？
A: Based on the information provided, GCMAsia claims to be regulated by ASIC, FCA, and NBRB. However, there are warnings and red flags associated with GCMAsia, including being categorized as a “Suspicious Clone” by regulatory agencies. The licenses claimed by GCMAsia are suspected to be clones, indicating potential false claims of regulation. It is advised to exercise caution and avoid dealing with this broker.
Q: What market instruments does GCMAsia offer？
A: GCMAsia offers a wide range of market instruments, including forex, stocks, indices, precious metals, commodities, and treasuries. They aim to cater to diverse trading preferences and investment strategies.
Q: What types of accounts does GCMAsia offer？
A: GCMAsia offers multiple account types, including Standard, Premium VIP, ECN Pro, and Demo accounts. Each account type has different features and requirements.
Q: How can I open an account with GCMAsia？
A: To open an account with GCMAsia, you can visit their official website and choose the account type you want to open (Demo Account or Real Account). Fill in the required personal information accurately, complete the account setup process, read and accept the terms and conditions, fund your account (for Real Account), and wait for your account to be activated.
Q: What leverage does GCMAsia provide？
A: GCMAsia provides standard leverage options, with a maximum leverage of 200:1. This means that traders can control a position that is 200 times larger than their account balance.
Q: What are the spreads and commissions offered by GCMAsia？
A: GCMAsia offers spreads starting from 2.5 pips. They do not require a minimum deposit from traders. It is important to consider the pros and cons of their spreads and commissions system, as it can impact trading costs and profitability.
Q: What are the deposit and withdrawal options provided by GCMAsia？
A: GCMAsia provides various deposit and withdrawal options, including credit/debit cards, electronic payment options (e.g., WeChat Pay, Alipay, Neteller, Skrill), and wire transfer. The available options may vary depending on the country or region.
Q: What trading platforms does GCMAsia offer？
A: GCMAsia offers two trading platforms: GCMAsia Pro and MetaTrader 4. These platforms are accessible from various devices and provide access to a wide range of trading products.
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