Score

1.47 /10
Danger

GCMAsia

Australia

2-5 years

Suspicious Regulatory License

High potential risk

C

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Score

Regulatory Index0.00

Business Index6.68

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

Fortrade Limited.

Company Abbreviation

GCMAsia

Platform registered country and region

Australia

Company website

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Warning: Low score, please stay away! 6
Previous Detection : 2024-11-10
  • It has been verified that this broker currently has no valid regulation. Please be aware of the risk!
  • The number of this brokers's negative field survey reviews has reached 1. Please be aware of the risk and the potential scam!

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User comment

2

Comments

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firefists
more than one year
Furthermore, the lack of an office or physical presence can also raise concerns about the transparency and legitimacy of the company. In terms of trading specifics, it's difficult to evaluate GCMAsia's platform and services without more information, but it's important to remember that a broker's regulatory status should always be the primary consideration.
Furthermore, the lack of an office or physical presence can also raise concerns about the transparency and legitimacy of the company. In terms of trading specifics, it's difficult to evaluate GCMAsia's platform and services without more information, but it's important to remember that a broker's regulatory status should always be the primary consideration.
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2023-04-03 18:37
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firefists
more than one year
Based on the lack of regulatory licensing and the findings of Wikifx's on-site investigation that revealed the absence of an office, I would not recommend trading with GCMAsia. While some of their trading conditions may seem attractive, it's important to prioritize safety and security when it comes to choosing a broker. Without proper regulation and oversight, there is a higher risk of encountering fraudulent practices or issues with fund safety.
Based on the lack of regulatory licensing and the findings of Wikifx's on-site investigation that revealed the absence of an office, I would not recommend trading with GCMAsia. While some of their trading conditions may seem attractive, it's important to prioritize safety and security when it comes to choosing a broker. Without proper regulation and oversight, there is a higher risk of encountering fraudulent practices or issues with fund safety.
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2023-04-03 18:37
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