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https://gs-ltd.hk/
Website
MT4/5 Identification
Full License
No valid regulatory information, please be aware of the risk!
Single Core
1G
40G
More
GSTrade
GSTrade
China
Pyramid scheme complaint
Expose
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.
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.
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.
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.
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