GMA CAPITAL

Thobani Dlalda

1-2 years

Does GMA CAPITAL charge a commission per lot on their ECN or raw spread accounts?

WikiFX Reply

Based on my careful examination of the information available about GMA CAPITAL, I could not find any specific details regarding whether they charge a commission per lot on ECN or raw spread accounts—or, for that matter, whether they offer these account types at all. My experience has taught me that a broker’s transparency, especially when it comes to fees and account structures, is crucial for building trust and enabling informed decision-making. With GMA CAPITAL, I found very limited disclosure about their trading platforms, account types, or trading conditions. The absence of demo accounts and any clarity on spreads or commission charges is a significant red flag for me. Equally important, GMA CAPITAL currently operates without any valid regulatory oversight. As someone who values the security of my capital, I consider the lack of regulation and clearly defined business practices a major risk factor. This, combined with the unclear fee structure, prevents me from having confidence in their offering. My strong recommendation, particularly for traders who prioritize transparency and regulatory protection, is to be extremely cautious and to thoroughly research alternatives that provide detailed and accessible information about costs and account features. Based on what I have seen, I cannot determine whether GMA CAPITAL charges a commission per lot, and I would not engage with any broker under these circumstances.

Broker Issues

GMA CAPITAL

Fees and Spreads

08-28

United States

Vongnarin

1-2 years

Does GMA CAPITAL charge any undisclosed fees when making deposits or withdrawals?

WikiFX Reply

Reflecting on my due diligence process as an independent trader, one of the first things I look at with any broker is their transparency around account funding and withdrawal procedures. With GMA CAPITAL, I found cause for concern because the available information about their fee structure is extremely limited. There is no mention of account types, commissions, spreads, or specific costs related to deposits and withdrawals on public records. While GMA CAPITAL states that account opening is free and with no minimum deposit required, this in itself doesn't guarantee the absence of hidden fees. My experience has taught me to be especially cautious seeing as GMA CAPITAL operates without any regulatory oversight. Reputable brokers are typically required to disclose all potential charges, whereas unregulated entities, like this one, are under no such obligation. The provided information describes the procedures for deposits and withdrawals—such as electronic transfers and cheque options—but is silent on associated costs, processing times, or third-party banking fees. Given the lack of regulatory protection and absence of transparent fee disclosure, I do not feel assured that there are no undisclosed fees involved. For me, such opacity is a significant red flag and I would personally consider alternative brokers who are clear about their fee structures and are subject to recognized financial regulation.

Broker Issues

GMA CAPITAL

Fees and Spreads

08-08

United States

Tomas

1-2 years

How do the different account types available at GMA CAPITAL compare to each other?

WikiFX Reply

Drawing directly from my own trading experience and evaluation of GMA CAPITAL, I have to be transparent: there is no reliable information available about distinct account types at this broker. For me, this represents a serious drawback because the absence of clear account structure restricts my ability to compare features like leverage, spreads, or access to different platforms. Since GMA CAPITAL only states that account opening is free, has no minimum deposit, and should be completed within 24 hours, there isn’t enough operational detail for me to form comparisons that I would deem trustworthy or actionable. From a risk management standpoint, this lack of transparency immediately raises red flags. In my years of trading, I have learned that clear and published account types (with associated trading conditions) are essential for informed decision-making. Not knowing what to expect limits my ability to assess suitability for different trading strategies or capital levels. Furthermore, GMA CAPITAL is not regulated, which significantly heightens my caution—without oversight, ambiguous account options become an even greater concern. In summary, since there is no available data on various account types at GMA CAPITAL, I cannot offer a genuine comparison or recommendation. For me, this absence alone would prompt me to consider regulated brokers with well-documented offerings instead.

Broker Issues

GMA CAPITAL

Platform

Account

Leverage

Instruments

08-05

United States

Sam35

1-2 years

Does GMA CAPITAL offer fixed or variable spreads, and how are these spreads affected during periods of high market volatility or major news releases?

WikiFX Reply

From my own review and scrutiny of GMA CAPITAL, I quickly noticed that there is a critical lack of transparency regarding essential trading conditions, including the nature of their spreads. Unlike many established brokers, GMA CAPITAL does not clearly state whether they offer fixed or variable spreads. For me as a trader, this absence of information is troubling, especially given how spreads impact both trading costs and overall strategy. In my experience, brokers that fail to disclose whether spreads are fixed or variable generally present a significant risk. The spread behavior during high market volatility—such as during major economic news releases—can greatly affect trade execution and risk management. With variable spreads, it's not uncommon to see dramatic widening during these periods, which can lead to unexpected losses. Fixed spreads, while generally more predictable, require strict broker discipline to honor those rates under stress—which unregulated brokers often struggle to guarantee. Given that GMA CAPITAL operates without valid regulatory oversight and provides minimal detail about their trading environment, I cannot reliably assess their spread policies. This lack of clarity makes it impossible for me to gauge how spreads would behave in volatile markets, and that alone raises substantial concerns for prudent capital management. As someone who prioritizes predictability and transparency in trading costs, I would advise extreme caution until GMA CAPITAL clearly discloses and firmly upholds its spread practices.

Broker Issues

GMA CAPITAL

Fees and Spreads

07-27

United States