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GCM Asia -

Score

1.50 /10
Danger

GCM Asia

United Kingdom

5-10 years

Suspicious Regulatory License

Suspicious Scope of Business

Clone Firm United Kingdom

High potential risk

https://www.gcmasia.com.cn/en

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Score

Regulatory Index0.00

Business Index6.95

Risk Management Index0.00

Software Index4.00

License Index0.00

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Licenses

VPS Standard
No restriction on the broker account. Support service provided by WikiFX

Single Core

1G

40G

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Broker Information

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Company Name

GCM ASIA LTD

Company Abbreviation

GCM Asia

Platform registered country and region

United Kingdom

Company website

Company summary

Pyramid scheme complaint

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Warning: Low score, please stay away! 4
Previous Detection : 2024-11-16
  • The claimed United KingdomFCA regulation (license number: 609970) is verified as a clone firm. Please pay attention to the risk!
  • The number of this brokers's negative field survey reviews has reached 2. Please be aware of the risk and the potential scam!

A 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.

Danger United Kingdom

WikiFX Verification

GCM Asia · 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.

News

NewsGCMASia Review

Is gcmasia.com scam or safe forex broker?

WikiFX
2021-12-08 14:54
GCMASia Review
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User comment

3

Comments

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FX1421909880
more than one year
Furthermore, GCM Asia's regulatory status is questionable, which raises concerns about the safety and security of clients' funds. The trading conditions and available products are subpar compared to other reputable brokers in the industry. The fees charged for trading are also high and not worth the cost for the quality of service provided.
Furthermore, GCM Asia's regulatory status is questionable, which raises concerns about the safety and security of clients' funds. The trading conditions and available products are subpar compared to other reputable brokers in the industry. The fees charged for trading are also high and not worth the cost for the quality of service provided.
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2023-04-04 10:36
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FX1421909880
more than one year
From my experience, I would rate GCM Asia as a 1 out of 10 due to its lack of transparency and unethical behavior towards its clients. The platform is known for its frequent slippage, which can result in significant losses for traders. In addition, the deposit and withdrawal procedures are very inconvenient and can take an unnecessarily long time to process.
From my experience, I would rate GCM Asia as a 1 out of 10 due to its lack of transparency and unethical behavior towards its clients. The platform is known for its frequent slippage, which can result in significant losses for traders. In addition, the deposit and withdrawal procedures are very inconvenient and can take an unnecessarily long time to process.
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2023-04-04 10:35
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