In this GCMAsia Review, we are going to take a look at the offer that this broker prepared for its traders. GCMAsia is regulated by the FCA in the UK. GCMAsia operates on the financial market since 2007. The GCMAsia minimum deposit is 0 USD.
Between 74-89% of retail investor accounts lose money when trading CFDs You should consider whether you can afford to take the high risk of losing your money
Basic information from this GCMAsia Review
| Website address: | gcmasia.com |
| Operated by: | Fortrade Ltd |
| Licensed and authorised by regulatory bodies: | FCA |
| Supported languages: | English |
| Customer support available via: | E-mail, phone, live-chat |
| Contact details: | [email protected] 400-120-0257 |
| Available deposit methods: | Bank transfer |
| Available withdrawal methods: | Banl transfer |
| Minimum deposit: | 0 USD |
| Min. trade in lots: | 0.01 |
| Spreads: | Typical spread on the currency pair EUR/USD - 2,5 pips * on standard account type |
| Tradable assets: Might be a CFD. | Forex (50), commodities (20) |
| Mobile app: |  |
| MetaTrader 4: |  |
| Other trading platforms: | |
| Maximum leverage: The maximum available leverage can be limited by local financial regulators or by international regulations, in such case, the displayed maximum leverage may not match the leverage you can actually trade with. For instance, in the European Union, the financial regulator ESMA restricts the maximum available leverage to 1:30 when trading major currency pairs, 1:20 when trading minor pairs and commodities and 1:2 when trading cryptocurrencies. Similar restrictions apply in Australia and possibly in other jurisdictions. | 1:400 |
| Social trading: | |
GCMAsia Fees (typical spreads)
We have scanned fees (typical spreads) that GCMAsia charges when trading popular currency pairs, here is their breakdown in pips.
| EUR/GBP | EUR/USD | USD/CHF | EUR/JPY | GBP/USD | USD/JPY |
|---|---|---|---|---|---|
| * | 2,5* | * | * | * | * |
*Typical spreads were recorded on 17.09.2020 at 10:13 for the standard account. GCMAsia spreads in the table above serve as illustrative examples only as they for instance, may change according to the market conditions.
Random reviews of competing FX & CFD brokers: TMSEurope, SimpleTrades, FXTradeMarket and HQ Broker
Frequently Asked Questions
🧐 Is GCMAsia a Scam?
GCMAsia is a broker licensed and regulated by the FCA. While regulation gives to brokers much needed credibility, it still does not mean every regulated broker is honest. In order to be sure that GCMAsia is not a scam, read our trader reviews and check other popular trading related websites and forums.
🆓 What is the GCMAsia minimum deposit?
In order to start trading with GCMAsia, you have to deposit at least 0 USD (Trading accounts can also be held in USD, EUR, AUD).
📵 What deposit and withdrawal methods GCMAsia supports?
⚖️ Would you recommend me choosing GCMAsia?
We don’t have our own personal experience with GCMAsia. However, because the broker is regulated by the FCA, there is a high chance that it is not a scam. With that being said, it still does not mean that GCMAsia is the best option, as there are also hundreds of other regulated brokers with similar or even better trading conditions.
Should you be looking for a highly reliable broker featuring forex trading and CFDs, you can get your hands on our marketing broker Etoro – (77% of of retail investor accounts lose money when trading CFDs with this provider), which is a CySEC regulated company that allows trading from as little as $50 and charges highly competitive fees on all assets.
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage.
Between 74-89% of retail investor accounts lose money when trading CFDs
You should consider whether you can afford to take the high risk of losing your money ¹ Variable spreads, spreads recorded for the EUR/USD on 11.01.2024 at 11:42 GMT.
GCMasia in Malaysia is scammer. Please stay away from these peoples especially the two men named Hafiz & Zain who cheated me. I made a depo of 100usd. They called me & gave 2 signal. They claimed that I won 20%. They keep on asking me to top up 1000usd but I could’nt & after that they never reply my messages. I could’nt withdraw my money back.
GCMasiapro pro menipu, mula2 join mereka minta anda usd100, sesudah 2x tred dan mereka punya singnal sendiri, mereka suruh awak masuk usd1000 kerana mereka tak mahu grow usd100 masuk dari awal tu, mereka nak minta masuk usd1000. kerana sy tak ada dana usd1000 tu, mereka paksa dengan menelefon berkali2 dalam sehari. sy nak witdrew usd100, memang tak boleh.. so, anda fikirkan, sebelum anda kena. nama brok tu EKA.
buat report x?sb cm sy sudah terkena😭😭
Saya pun dah cuba withdraw dekat 1 minggu pun susah.. hanya nak cuba keluarkan 10USD sahaja.. Tapi bila semalam keluar berita GCMASIA staf kene tangkap pasal kes scam dan penipuan. Hari ni saya tahu yang saya juga dah kene tipu sebanyak 100USD..
Sorry to hear that. Memang staff GCM ASIA sudah kena tangkap but the big boss still ada kat luar sana. Be careful with all those trading business and make sure the business is legit.
Sy pun dh terkena lg banyak 50,000 USD.Kalau buat report polis boleh dapat ke semula wang deposit yg kita labur tu