GCM Forex Review
GCM Forex is a Turkey-based independent broker founded in 2012. It is licensed and regulated by SPK, the Capital Markets Board of Turkey. The chief purpose of GCM Forex is to give its clients a reliable, dependable, and secure platform for forex trading and for other trading instruments. GCM Forex has supplied its clients with an extensive library of educational and instructive mediums for references so that it can assist its clients in having a variety of trading skills.
GCM Forex is currently offering 3 main types of trading platforms, which are MetaTrader 4, Sirix WebTrader and cTrader. MetaTrader 4 provides suitable solutions to both non-professional and professional traders. It is the preferable trading platform by most investors because it is rapid, strong, and highly customizable. Sirix WebTrader, on the other hand, is an investment platform where you can control your transactions through the web browser without downloading software. It works in sync with other trading platforms. cTrader is a new generation trading platform that provides a convenient interface to non-amateur investment properties.
For opening a live trading account with GCM Forex, it takes a minimum of $100. It can be opened in 3 different currencies, which are Turkish lire (TRY), US dollars (USD), and euros (EUR). GCM Forex also has a premium account for VIP clients, which can be opened with an investment of $100,000 USD.
GCM Forex permits scalping and makes sure that investors can withdraw funds more quickly and effortlessly. However, for funding and withdrawing money, it only supports wire transfer. The GCM Forex trading account is quite flexible and not like other forex brokers who put a lot of limitations on their clients. Traders can also try out its demo account before deciding to open a live trading account. The demo account has various features to facilitate clients like customer support for 24 hours on working days, access to transaction platforms, free market inspection, free instruction guide, free web seminars and a virtual purse of $100,000. GCM Forex does not ask for any commissions or fees. However, traders pay a somewhat broad spreads for their trades and it tries to offer the best possible rates.
- Appropriate and multifunctional trading platform
- High leverage
- Extensive choice of trading tools and platforms
- 24/5 customer support
- ECN account
- No payable commission
- Scalping allowed
- Tight fixed spread rates
GCM Forex is currently providing customer support services in two languages: English and Turkish. Traders can reach them through phone, email, and live chat. The firm's professionals have developed courses for teaching the basics of economics and for enhancing the skills of the average qualified investors. Apart from that, there are regular web seminars and video conferences held on the website.
GCM Forex is an overall good forex broker. However, it needs to boast linguistic diversity for customer service and should add more languages. Although it is still evolving, GCM Forex is improving greatly and trying its best to meet the requirements of its clients.
Office website: https://gcmforex.com/