In this GTCM Review, we are going to take a look at the offer that this broker prepared for its traders. GTCM is regulated by the CySEC in Cyprus. GTCM operates on the financial market since 2011. When it comes to trading platforms, the broker features MetaTrader 4. The GTCM minimum deposit is 200 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 GTCM Review
| Website address: | gtcm.com |
| Operated by: | Depaho Ltd |
| Licensed and authorised by regulatory bodies: | CySec |
| Supported languages: | English and Italian |
| Customer support available via: | E-mail, phone, live-chat |
| Contact details: | [email protected] +357 22 300 500 |
| Available deposit methods: | Bank transfer, credit and debit cards, Paypal, Skrill, Neteller |
| Available withdrawal methods: | Bank transfer, credit and debit cards, Paypal, Skrill, Neteller |
| Minimum deposit: | 200 USD |
| Min. trade in lots: | 0.01 |
| Spreads: | Variable |
| Tradable assets: Might be a CFD. | Forex (30) |
| 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: |  |
Random reviews of competing FX & CFD brokers: BlueBullCap, BullsEyeMarkets, Orbex and IAL.ltd
Frequently Asked Questions
🧐 Is GTCM a Scam?
GTCM is a broker licensed and regulated by the CySec. While regulation gives to brokers much needed credibility, it still does not mean every regulated broker is honest. In order to be sure that GTCM is not a scam, read our trader reviews and check other popular trading related websites and forums.
🆓 What is the GTCM minimum deposit?
In order to start trading with GTCM, you have to deposit at least 200 USD (Trading accounts can also be held in NZD, CAD, AUD, USD, EUR, GBP).
📵 What deposit and withdrawal methods GTCM supports?
⚖️ Would you recommend me choosing GTCM?
We don’t have our own personal experience with GTCM. However, because the broker is regulated by the CySec, there is a high chance that it is not a scam. With that being said, it still does not mean that GTCM 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 06.09.2023 at 11:42 GMT.
