Abstract: Established in 2010, Gemforex is a regulated Forex and CFD broker. It is operated by the GEM GROUP NZ LIMITED from New Zealand, which is registered by the New Zealand Securities and Investment Commission (NZFSP) under license number FSP 564306.
General Information & Regulation
Established in 2010, Gemforex is a regulated Forex and CFD broker. It is operated by the GEM GROUP NZ LIMITED from New Zealand, which is registered by the New Zealand Securities and Investment Commission (NZFSP) under license number FSP 564306.
Market Instruments
Traders can trade over 33 currency pairs, crosses and rare currencies, stock indices CFDs, and energy CFDs with GEMFOREX.
Minimum Deposit
Gemforex offers two live trading accounts: the All-in-One account, the No Spread Account, as well as a Demo account. The minimum deposit requirement of the all-in-one trading account is $1(100 JPY), and the No spread account requires at least $3000 (300, 000 JPY) to start trading.
Gemforex Leverage
The maximum trading leverage offered by Gemforex is super high, reaching up to 1:1000. Since leverage, can amplify both profits as well as losses, choosing the right amount is a key risk determination for traders. Inexperienced traders are not advised to use such high trading leverage.
Spreads & Commissions
Spreads are 1.6 pips for EURUSD, 1.6 pips for USDJPY, 1.7 pips for EURJPY, 1.8 pips for EURGBP, 3.0 pips for XAUUSD, and 2.1 pips for XAGUSD.
Trading Platforms
GEMFOREX offers traders the MT4 trading platform, as well as MT4 PC, MT4 Mac, MT4 Android, MT4 iPhone, MT4 Android Tablet, MT4 Apple Tablet version, MT4 VPS, MT4 web trading platform, which can meet a wide range of user needs.
Deposit & Withdrawal
GEMFOREX supports many convenient deposit and withdrawal methods, including VISA, MASTERCARD credit card, NETELLER, Skrill, Bitcoin, PayPal, Perfect Money, Payeer, UnionPay, wire transfer, Chinese domestic bank transfer, etc.
Trading Hours
GEMFOREX lists its detailed trading hours on its official website.
Disclaimer:
The views in this article only represent the author's personal views, and do not constitute investment advice on this platform. This platform does not guarantee the accuracy, completeness and timeliness of the information in the article, and will not be liable for any loss caused by the use of or reliance on the information in the article.