Item: GCM ASIA
Rating: 1.55

GCM ASIA

United Kingdom | 5-10 years |

Suspicious Regulatory License | Self-developed | Suspicious Scope of Business | High potential risk

https://www.gcmasia.co/en/

Website

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Company Summary

General Information & Regulators of GCMAsia

GCMAsia is a partner of Fortrade and is responsible for promoting Fortrade's services and trading platform in Asia. Fortrade Limited is authorized and regulated by the Financial Conduct Authority (FCA) of the United Kingdom (regulatory number: 609970). Fort Securities BLR is authorized and regulated by the National Bank of Belarus (NBRB) (regulatory number: 193075810). Fort Securities Australia Pty Ltd. is authorized and regulated by the Australian Securities and Investments Commission (ASIC) (regulatory number: 493520). GCMAsia offers clients accounts with Fortrade UK (regulated by the FCA), Fortrade Belarus (regulated by the NBRB), and Fortrade Australia (regulated by ASIC).

Safety Analysis of GCMAsia

GCMAsia's claims of cooperation with a number of companies regulated by global level regulators and the promise to open customer accounts in the name of these regulated companies are completely false. GCMAsia itself is not subject to any effective regulation, which means that its clients are not protected in any way. Investors should always be careful to avoid GCMAsia as a trading platform.

Markets Instruments of GCMAsia

GCM ASIA provides traders with access to popular financial instruments, mainly 60+ global currency pairs, US, EU &HK stocks, major global market indices, gold, silver, platinum precious metals, commodities, treasury bonds.

Leverage of GCMAsia

The leverage on the GCMAsia platform is 1:100 for major currency pairs, 1:25 for minor currency pairs, 1:10 for EU stocks, 1:5, 1:10 for US stocks, 1:100 for gold, 1:100 for USD crude oil, 1:50 for UK crude oil, and 1:20 for US treasury bonds.

Spreads of GCMAsia

The average spread for EURUSD is 2.5 pips, for GBPUSD is 3.5 pips, for EURGBP is 2.5 pips, for AUDUSD is 3 pips, for Australia 200 is 5 AUD, for Germany 30 is 2.50 EUR. Gold USD spreads are $0.50, and Gold EUR spreads are 1 EUR. The night spread for USOil (22:30-05:00) is 60 pips, and the night spread for EURGBP (21:55-22:55) is 60 pips.

Trading Platforms Avaiable

GCMAsia offers traders the flexibility to choose between the MT4 PC, MT4 Mobile, MT4 Web, GCMAsia Pro for mobile, and GCMAsia Pro for the web.