Score
GCM Asia
United Kingdom|5-10 years| https://www.gcmasia.com.cn/en/
Website
Rating Index
Contact
Licenses
Single Core
1G
40G
1M*ADSL
- The claimed United KingdomFCA regulation (license number: 609970) is verified as a clone firm. Please pay attention to the risk!
Basic information
United KingdomA Visit to GCM ASIA LTD in UK -- Finding No Office
The survey team went to London, UK, to visit the the dealer GCM ASIA LTD and found no office at its business address. It was supposed that the dealer might just use that address to register its company, or there was no offline exhibition place. Please be prudent when trading with this broker.
United KingdomA Visit to GCM ASIA LTD in Australia -- Finding No Office
The survey team confirmed after the on-the-spot visit that there is no office of GCM ASIA LTD at the address mentioned in the regulatory information. Please be prudent when trading with this broker.
AustraliaA Visit to GCM ASIA LTD in UK -- Finding No Office
The survey team went to London, UK, to visit the the dealer GCM ASIA LTD and found no office at its business address. It was supposed that the dealer might just use that address to register its company, or there was no offline exhibition place. Please be prudent when trading with this broker.
United KingdomA Visit to GCM ASIA LTD in Australia -- Finding No Office
The survey team confirmed after the on-the-spot visit that there is no office of GCM ASIA LTD at the address mentioned in the regulatory information. Please be prudent when trading with this broker.
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Website
gcmasia.com.cn
Server Location
United States
Website Domain Name
gcmasia.com.cn
Server IP
45.60.35.148
Company Summary
General information & Regulation
GCM ASIA LTD is a partner of Fortrade and is responsible for promoting Fortrade's services and trading platform in Asia. Fortrade is the brand name of Fortrade Limited, Fort Securities BLR, and Fort Securities Australia Pty Ltd. GCM ASIA is not subject to any regulation at this stage, so traders are not advised to trade with this broker in case of fund losses.
Market Instruments
At GCM ASIA LTD, investors can trade over 300 financial instruments, including foreign exchange currency pairs, bonds, precious metals, futures, and more.
Minimum Deposit
GCM ASIA provides all investors with a trading account. In regard to the minimum initial deposit involved, this broker requires traders to fund at least $100 to open a live account.
GCM ASIA Leverage
Leverage is up to 1:100 for Forex currency pairs, 1:50 for major indices, 1:10 for EU stocks and U.S. stocks, 1:100 for gold, 1:20 to 1:50 for commodities other than gold, and 1:20 for U.S.
Spreads & Commissions
The average spread offered by GCM ASIA LTD is 2.5 pips for EURUSD, €2.5 for German 30 Index, $0.50 for XAUUSD, and $0.0080 for Natural Gas. The nightly spread for gold is 100 pips and for silver is 80 pips.
Trading Platforms
Surprisingly, GCM ASIA LTD offers traders two trading platforms, the world-renowned and popular MT4 trading platform and its in-house developed CCMAsia Pro trading platform (supporting both mobile and web versions).
Deposit & Withdrawal
GCM ASIA LTD offers deposit methods for investors from different countries. Investors from China can fund their accounts via credit/debit card, WeChat payment, Alipay. Malaysian clients can fund their accounts through FPX Payment, Online Banking, and international clients can fund their accounts via VISA/MasterCard/AMEX, Bitcoin, Neteller, Skrill, Bank Wire.
Keywords
- 5-10 years
- Suspicious Regulatory License
- Suspicious Scope of Business
- Clone Firm United Kingdom
- High potential risk
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