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/10

GSTrade

China|2-5 years|
Suspicious Regulatory License|MT4/5 full license|Regional Brokers|High potential risk|

https://gs-ltd.hk/

Website

Rating Index

MT4/5 Identification

MT4/5 Identification

Full License

1
Server Name
GSTrade-Live MT5
Server Location Japan

Contact

https://gs-ltd.hk/

Licenses

No valid regulatory information, please be aware of the risk!

VPS Standard
No restriction on the broker account. Support service provided by WikiFX

Single Core

1G

40G

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Broker Information

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Company Name

GSTrade

Company Abbreviation

GSTrade

Platform registered country and region

China

Company website

Pyramid scheme complaint

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Warning: Low score, please stay away!
Previous Detection : 2024-03-28
  • It has been verified that this broker currently has no valid regulation. Please be aware of the risk!

WikiFX Verification

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GSTrade · Company Summary

General Information

GSTrade is an online forex broker, allegedly offering its client access to various trading instruments through the leading MT5 trading platform, two trading accounts available, industry-low spreads and generous leverage.

General

Is GSTrade safe to trade with?

Please note that it has been verified that GSTrade is under no valid regulation. That‘s why this broker’s regulatory status on WikiFX is marked as “No License”, and this brokerage only got a very low score of 1.72/10 on WikiFX. Please be aware of the risk involved.

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Account Types

Two types of trading accounts are available with the GSTrade platform: the Standard account and the Premium account. The Standard account is suitable for all types of investors, and the Premium account is designed for professional traders. however, additional account features, even the minimum initial deposit for each account, are not disclosed.

Apart from live trading accounts, demo accounts are also available with this brokerage platform. Demo account is an essential tool for traders to get a feel of GSTrades platform and test its trading environment. please note that a demo account that has not been used for more than 90 days since the last login will be closed.

Leverage

GSTrade offers flexible trading leverage options, ranging from 1:1 to 1:200. Since leverage can magnify gains as well as losses, it is important for trades to choose the proper amount based on their trading styles and risk tolerance.

Spreads

Spread is determined by trading accounts. The spread on particular instruments are quite high, for example, the spread on the EUR/USD pair seems to be 11 pips.

Spreads

Trading Platform

GSTrade gives two choices of trading platforms, the leading MT5 trading platform, and mobile trading.

Deposit & withdrawal

Currently, GSTrade only offers two payment methods: Bank Transfer and Bitwallet. Traders can deposit any currencies and it will be automatically converted into the basic currency of their account at GSTrades interbank rate.

The minimum deposit and withdrawal amount with this brokerage platform is not disclosed.

Customer Support

GSTrade‘s official website is available in multiple languages. For any inquiries, traders can first visit this broker’s “FAQ” section to look for basic answers, and if this section does not offer answers they want, they can fill out a contact form and wait to be connected.

Unfortunately, both email and phone supports are not available.

Risk Warning

Forex and leveraged trading carry a high level of risks and it is not suitable for all investors. Please note that the information contained in this article is for general information purposes only.

User Reviews

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小笨熊
more than one year
GSTrade's website is available in seven languages, which is great! People from different countries can choose different languages, especially if they choose their native language, it will be easier to understand the information on the website. In contrast, most brokers only offer English or their local language, which is very unfriendly to traders who do not speak English or are not native.
2022-11-30 17:19
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FX1066410254
more than one year
One year ago, I traded news trading on this platform, and it was totally a disaster. I lost $2,000 on this platform due to incompetence of my account manager. So, I wouldn’t like to recommend this broker to your guys, very unprofessional. With your money in hand, you can completely have better choices.
2022-11-30 11:24
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