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GCM Asia
United Kingdom|2-5 years| Suspicious Regulatory License|White label MT4|Global Business|Clone Firm United Kingdom|High potential risk|
https://www.gcmasia.com.cn/en/
Website
Rating Index
MT4/5 Identification
MT4/5 Identification
White Label
18
Server Name
GCMAsia-Demo01 MT4
Server Location 
Germany
GermanyContact
+1 800-81-9796
cs@gcmasia.com
https://www.gcmasia.com.cn/en/
Michelin House, 81 Fulham Road, London. SW3 6RD.
Licenses
VPS Standard
No restriction on the broker account. Support service provided by WikiFX
Single Core
1G
40G
Open Now
Contact number
English
+1 800-81-9796
Indonesian
+62 212-7899-369
Broker Information
More
Company Name
GCM ASIA LTD
Company Abbreviation
GCM Asia
Platform registered country and region
United Kingdom
Company website
Pyramid scheme complaint
Expose
Check whenever you want
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Warning: Low score, please stay away!
4
Previous Detection :
2024-04-18
- The claimed United KingdomFCA regulation (license number: 609970) is verified as a clone firm. Please pay attention to the risk!
- The number of this brokers's negative field survey reviews has reached 2. Please be aware of the risk and the potential scam!
A Visit to GCM ASIA LTD in UK -- Finding No Office
The survey team went to London, UK, to visit the the dealer GCM ASIA LTD and found no office at its business address. It was supposed that the dealer might just use that address to register its company, or there was no offline exhibition place. Please be prudent when trading with this broker.
Danger 
United Kingdom
A Visit to GCM ASIA LTD in Australia -- Finding No Office
The survey team confirmed after the on-the-spot visit that there is no office of GCM ASIA LTD at the address mentioned in the regulatory information. Please be prudent when trading with this broker.
Danger 
Australia
A Visit to GCM ASIA LTD in UK -- Finding No Office
The survey team went to London, UK, to visit the the dealer GCM ASIA LTD and found no office at its business address. It was supposed that the dealer might just use that address to register its company, or there was no offline exhibition place. Please be prudent when trading with this broker.
Danger United Kingdom
A Visit to GCM ASIA LTD in Australia -- Finding No Office
The survey team confirmed after the on-the-spot visit that there is no office of GCM ASIA LTD at the address mentioned in the regulatory information. Please be prudent when trading with this broker.
Danger Australia
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GCM Asia · Company Summary
General information & Regulation
GCM ASIA LTD is a partner of Fortrade and is responsible for promoting Fortrade's services and trading platform in Asia. Fortrade is the brand name of Fortrade Limited, Fort Securities BLR, and Fort Securities Australia Pty Ltd. GCM ASIA is not subject to any regulation at this stage, so traders are not advised to trade with this broker in case of fund losses.
Market Instruments
At GCM ASIA LTD, investors can trade over 300 financial instruments, including foreign exchange currency pairs, bonds, precious metals, futures, and more.
Minimum Deposit
GCM ASIA provides all investors with a trading account. In regard to the minimum initial deposit involved, this broker requires traders to fund at least $100 to open a live account.
GCM ASIA Leverage
Leverage is up to 1:100 for Forex currency pairs, 1:50 for major indices, 1:10 for EU stocks and U.S. stocks, 1:100 for gold, 1:20 to 1:50 for commodities other than gold, and 1:20 for U.S.
Spreads & Commissions
The average spread offered by GCM ASIA LTD is 2.5 pips for EURUSD, €2.5 for German 30 Index, $0.50 for XAUUSD, and $0.0080 for Natural Gas. The nightly spread for gold is 100 pips and for silver is 80 pips.
Trading Platforms
Surprisingly, GCM ASIA LTD offers traders two trading platforms, the world-renowned and popular MT4 trading platform and its in-house developed CCMAsia Pro trading platform (supporting both mobile and web versions).
Deposit & Withdrawal
GCM ASIA LTD offers deposit methods for investors from different countries. Investors from China can fund their accounts via credit/debit card, WeChat payment, Alipay. Malaysian clients can fund their accounts through FPX Payment, Online Banking, and international clients can fund their accounts via VISA/MasterCard/AMEX, Bitcoin, Neteller, Skrill, Bank Wire.
User Reviews
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User comment
3
CommentsWrite a review
FX1421909880
more than one year
Furthermore, GCM Asia's regulatory status is questionable, which raises concerns about the safety and security of clients' funds. The trading conditions and available products are subpar compared to other reputable brokers in the industry. The fees charged for trading are also high and not worth the cost for the quality of service provided.
2023-04-04 10:36FX1421909880
more than one year
From my experience, I would rate GCM Asia as a 1 out of 10 due to its lack of transparency and unethical behavior towards its clients. The platform is known for its frequent slippage, which can result in significant losses for traders. In addition, the deposit and withdrawal procedures are very inconvenient and can take an unnecessarily long time to process.
2023-04-04 10:35
美74852
more than one year
The trading conditions of this foreign exchange company look very good, I am going to open a demo account to try it out. Anyway, the demo account is very safe.
2023-02-17 15:48
