The survey team confirmed after the on-the-spot visit that there is no office of GCMAsia at the address mentioned in the regulatory information. Please be prudent when trading with this broker.
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The Financial Conduct Authority (FCA) is a financial regulatory body in the United Kingdom, but operates independently of the UK Government, and is financed by charging fees to members of the financial services industry. On 19 December 2012, the Financial Services Act 2012 received royal assent, and it came into force on 1 April 2013. The Act created a new regulatory framework for financial services and abolished the Financial Services Authority. The FCA regulates financial firms providing services to consumers and maintains the integrity of the financial markets in the United Kingdom. It focuses on the regulation of conduct by both retail and wholesale financial services firms.
Current Status:Suspicious Clone
License Type:Market Making(MM)
Regulated in Country/AreaUnited Kingdom
Regulatory License No.：609970
Email Address of Licensed Institution :firstname.lastname@example.org
License Type:No Sharing
Website of Licensed Institution :
Expiry Date :--
Address of Licensed Institution :Michelin House 81 Fulham Road London SW3 6RD UNITED KINGDOM
Phone Number of Licensed Institution :44 2077102700
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General Information& Regulation
GCMAsia is a Forex & CFD broker and works in partnership with Fortrade, promoting their services and platforms in Asian region. Fortrade is the trading name of Fortrade Ltd, LLC “Fort Securities BLR”, and Fort Securities Australia Pty Ltd. Fortrade Ltd. is authorized and regulated under the Financial Conduct Authority (FCA) with Firm Reference Number (FRN) 609970. LLC “Fort Securities BLR” was registered by the Minsk City Executive Committee on 08 May 2018 under number 193075810 and was included by the National Bank of the Republic of Belarus on the Register of Forex Companies on 19 June 2018. Fort Securities Australia Pty Ltd. is licensed and regulated by the Australian Securities and Investments Commission (ASIC) ABN: 33 614 683 831 | AFSL number: 493520.
Clients can trade over 300 products on GCMAsia, including forex, bonds, stocks, indices, precious metals, commodities, etc.
Accounts & Leverage
GCMAsia offers clients Fortrade UK account (FCA regulated), Fortrade Belarus account (NBRB regulated), and Fortrade Australia account (ASIC regulated). The maximum leverage is up to 1:100.
Spreads & Commissions
The average spreads for USD/JPY, EUR/USD, EUR/GBP are 2.5 pips, EUR/JPY 3 pips and GBP/USD 3.5 pips. There are no hidden fees or commissions for the Forex market at GCMAsia.
GCMAsia provides investors with the MetaTrader 4 (MT4) platform and the GCMAsia Pro platform, available on all Apple/Android mobile devices.
Deposit & Withdrawal
Payment options (International) include Credit/Debit Card (VISA, MASTER, AMEX), BitPay, Neteller, Skrill, Wire Transfer, etc.
The trading times at GCMAsia depend on the specific market. For example, the Forex market and the Indices market are both open 24/5. Clients can start trading with as little as €/$/£ 100.
GCMAsia does not accept clients who are citizens of the US and its dependencies.
When performing transactions in the OTC Forex market, the possibility of making a profit is inextricably linked with the risk of losses. Conducting transactions can lead to the loss of part or all of the initial investment. Before commencing operations, make sure you understand the risks involved and have sufficient skills to invest.
The Database of WikiFX comes from the official regulatory authorities , such as the FCA, ASIC, etc. The published content is also based on fairness, objectivity and fact. WikiFX doesn't ask for PR fees, advertising fees, ranking fees, data cleaning fees and other illogical fees. WikiFX will do its utmost to maintain the consistency and synchronization of database with authoritative data sources such as regulatory authorities, but does not guarantee the data to be up to date consistently.
Given the complexity of forex industry, some brokers are issued legal licenses by cheating regulation institutes. If the data published by WikiFX are not in accordance with the fact, please click 'Complaints 'and 'Correction' to inform us. We will check immediately and release the results.
Foreign exchange, precious metals and over-the-counter (OTC) contracts are leveraged products, which have high risks and may lead to losses of your investment principal. Please invest rationally.
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