Home -
Brokers -
Main body -

WikiFX Express

Exness
XM
EC Markets
TMGM
FXTM
FOREX.com
AvaTrade
FXCM
IC Markets Global
STARTRADER

GCMASia Review – Is gcmasia.com scam or safe forex broker?

GCM ASIA | 2021-12-17 10:42

Abstract:GCMAsia operates as a “marketing affiliate” of Fortrade Ltd – a UK forex broker regulated by the country’s Financial Conduct Authority (FCA). As per Fortrade’s affiliate program site, it offers CPA fees or flexible payment plans, commissions, marketing support, etc.

218270058_107334228297099_7788428573739445046_n.jpg

GCMASia IS AN OFFSHORE BROKER. YOUR MONEY IS NOT SAFE.

Trading accounts

Account type Minimum deposit Minimum trade size Maximum leverage Average spreads
Standard $100 0.01 1:200 2.5 pips

GCMAsia offers one type of live trading account with relatively average conditions, plus a free demo account with free $100 000.

There is also the option to open a VIP account by depositing $100 000. It comes with benefits like professional trading courses, risk analysis and investment advice from the brokers experts.

Besides forex and CFDs, GCMAsia offers trading in gold, oil, commodities and stock indices.

The company. Security of funds

Company Country Regulation
GCMAsia Hong Kong None

GCMAsia operates as a “marketing affiliate” of Fortrade Ltd – a UK forex broker regulated by the country‘s Financial Conduct Authority (FCA). As per Fortrade’s affiliate program site, it offers CPA fees or flexible payment plans, commissions, marketing support, etc.

According to its site, the brand GCMAsia is owned and operated both by GCMAsia and Fortrade. The broker is mostly aimed at clients in the Asia Pacific region and is based in Hong Kong. Our check, however, revealed that it does not have a license with Hong Kong‘s Securities and Exchange Commission. This means the broker cannot offer its services in Hong Kong and it explicitly says it doesn’t.

On its website GCMAsia says that as per the FCA requirements, it keeps the client funds in segregated bank accounts. Furthermore, eligible claimants claimants are end to the Financial Services Compensation Scheme (FSCS) to seek compensation.

Those claims suggest that GCMAsia is a stable and relatively safe broker, despite the lack of own regulation and license, but we could not verify them.

Trading Platforms

Unlike Fortrade, which offers its proprietary trading platform Fortrader and nothing else, GCMAsia makes a safe bet and offers the eternally popular MetaTrader 4 (MT4). There is also the Sirix Webtrader

One of the main reasons for the popularity of MT4 is that it is stable and reliable, has many functions, offers API connectivity, supports PAMM and MAMM functionality and has a wide selection of technical analysis and charting tools. It is also user-friendly and supports Expert Advisors and automated trading.

On the other hand, Sirix Webtrader does not require installation and offers roughly the same funciotnalities as the MetaTraders. It also has a social trading option.

Methods of payment

GCMAsia accepts client deposits through credit/debit cards, bank transfer and the electronic payment systems Neteller and Skrill. The funding options of the broker are the same as that of its partner Fortrade.

Conclusion

GCMAsia does not have its own license and is not regulated as an entity, but claims to offer the same protection as the license of its partner, the UK broker Fortrade. This definitely does not mean that GCMAsia can offer its services in Europe under the MiFID passporting rules, but it does not seem to seek clients from Europe anyway. Judging by the language options on the site, its main targets are China, Indonesia and Malaysia.

Nevertheless, the potential clients of GCMAsia could benefit from the safety provided by the FCA license, as its requirements impose strict rules on client money segregation, membership in compensation schemes, capital requirements, etc.

GCMAsia offers relatively average trading conditions, even though the max leverage of 1:200 is relatively low.

Pros Cons
MT4 No regulation
Low leverage
WeChat
gcm asia gcm asia review broker review broker news broker update gcm asia withdrawal

Related broker

Unverified
GCM ASIA
Company name:GCMAsia.
Score
1.56
Website:https://www.gcmasia.co/en/
5-10 years | Suspicious Regulatory License | Self-developed | Suspicious biz area
Score
1.56

Read more

CFI Financial Group Adds 3,500 US Stocks on MT5

The broker offers trading with a total of over 11,000 instruments from 19 markets. It offers an attractive commission structure to lure traders.

Original 2021-12-23 13:58

eToro Expects to Close Q4 2021 with 33% Higher Commission Revenue

The company is expecting the commissions to be between $285 million and $295 million. It added 2.1 million new users in Q4 alone.

Original 2021-12-23 12:13

Alpari Copy Trading – How Does it Work?

Copying transactions on Forex to form your own trading strategy is a cooperation that is beneficial to both sides. The trader receives reliable market signals, and the Strategy Manager receives a percentage of his profit or a fixed subscription rate.

News 2021-12-17 10:50

AmBank targets to be top online broker, eyes millennial traders

AMMB Holdings Bhd (AmBank) aims to be among the top three online brokers in the country within five years, by growing its millennial and retail investor base with the launch of its new AmEquities share trading platform.

News 2021-12-14 18:15

WikiFX Express

Exness
XM
EC Markets
TMGM
FXTM
FOREX.com
AvaTrade
FXCM
IC Markets Global
STARTRADER

WikiFX Broker

FXTM

FXTM

Regulated
Exness

Exness

Regulated
DBG Markets

DBG Markets

Regulated
XM

XM

Regulated
AvaTrade

AvaTrade

Regulated
FXCM

FXCM

Regulated
FXTM

FXTM

Regulated
Exness

Exness

Regulated
DBG Markets

DBG Markets

Regulated
XM

XM

Regulated
AvaTrade

AvaTrade

Regulated
FXCM

FXCM

Regulated

WikiFX Broker

FXTM

FXTM

Regulated
Exness

Exness

Regulated
DBG Markets

DBG Markets

Regulated
XM

XM

Regulated
AvaTrade

AvaTrade

Regulated
FXCM

FXCM

Regulated
FXTM

FXTM

Regulated
Exness

Exness

Regulated
DBG Markets

DBG Markets

Regulated
XM

XM

Regulated
AvaTrade

AvaTrade

Regulated
FXCM

FXCM

Regulated

Latest News

DNA Markets Review 2025: Is This Broker Regulated and Safe?

WikiFX
2025-10-17 19:05

Dubai’s CFD Broker Boom in 2025: DIFC Leads the Middle East Financial Frontier

WikiFX
2025-10-17 17:21

Traders Flag DUHANI as a Scam Forex Broker: Withdrawal Denials, Account Termination & False Promises

WikiFX
2025-10-17 19:38

Radex Markets Review: Is Radex Markets Regulated?

WikiFX
2025-10-17 15:12

Elite Night · Cairo – Gathering Wisdom, Empowering Forex Safety through Education

WikiFX
2025-10-19 03:00

How nervous are investors about the stock market?

WikiFX
2025-10-17 21:35

Is BitMart Legit & Safe in 2025? Checkout this BitMart Exchange Review

WikiFX
2025-10-17 16:19

tastytrade Not Matching Its Traders’ Taste: Withdrawal Blocks, Account Opening Hassles & More

WikiFX
2025-10-17 20:40

FCA Opens Retail Access to Crypto ETPs in UK

WikiFX
2025-10-17 18:30

Smilepayz Officially Listed on WikiFX as a Payment Gateway Provider

WikiFX
2025-10-17 15:57

Rate Calc

USD
CNY
Current Rate: 0

Amount

USD

Available

CNY
Calculate

You may also like

MARKETPLUS FX

MARKETPLUS FX

APEXVAULT

APEXVAULT

TRUSTFINEX

TRUSTFINEX

ANVISTA GROUPS

ANVISTA GROUPS

FORTUNE TRUSTFX INVEST

FORTUNE TRUSTFX INVEST

TrustEquity

TrustEquity

Redwood Axis Markets

Redwood Axis Markets

PRIMEWEALTH TRADERS

PRIMEWEALTH TRADERS

APEX TRADES 247

APEX TRADES 247

AUREUS AL TRADE

AUREUS AL TRADE