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Extracto:GCM Forex is a Turkish Forex and CFD broker based in Istanbul, winner of the Leveraged Volume Leader Award by the 3rd TSPB Capital Markets in 2017 and the Best Investment Company Award by International Business Magazine in 2019. GCM Forex does not show any regulatory information on its official website.
Basic Information & Regulators of GCM Forex
GCM Forex is a Turkish Forex and CFD broker based in Istanbul, winner of the Leveraged Volume Leader Award by the 3rd TSPB Capital Markets in 2017 and the Best Investment Company Award by International Business Magazine in 2019. GCM Forex does not show any regulatory information on its official website.
Safety Analysis of GCM Forex
GCM Forex does not mention any regulatory information on its website, which means that it is likely an unregulated broker. Thus, clients' investment activities and funds can not be effectively protected. Investors should be careful to stay away from the GCM Forex, likely a scam.
Market Instruments of GCM Forex
GCM Forex offers investors a diversified range of popular financial tradable instruments, mainly 51 Forex currency pairs, more than 20 commodities, 107 stocks, 14 stock indices, and 3 bonds.
Leverage & Accounts of GCM Forex
GCM Forex offers investors two different types of accounts: Standard Accounts and ECN accounts. Leverage is 1:10 for Forex currency pairs, 1:10 for commodities, and 1:10 for stocks, indices, and bonds.
Spreads & Commissions of GCM Forex
For Standard Accounts, the spread is 2 pips for EURUSD, 3 pips for EURGBP, 3 pips for GBPUSD, $0.50 for gold, $0.04 for silver, $0.60 for S&P500, and $1.50 for NASSAQ100. For ECN accounts, the GBPUSD trading commission point is 1.6 per lot, and the gold &silver trading commission point is 5 per lot.
Trading Platform Available of GCM Forex
GCM Forex offers traders GCM Trader and the MT4 trading platform. GCM Trader is a professional trading platform, and traders can capitalize on the web(Windows, Mac, Linux) to manage all trading operations without downloading any other software. MT4 is a widely used and award-winning trading platform that offers the proper strategies for each trader, regardless of their level.
Deposit and Withdrawal
Traders can deposit funds into their investment accounts via money orders and electronic transfers through banks contracted by GCM Forex, with a minimum withdrawal limit of $1/€/TUR on the GCM Forex platform.
GCM Forex does not charge traders any commission for withdrawals or deposits.
Descargo de responsabilidad:
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