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GCM ASIA -

Score

1.55 /10
Danger

GCM ASIA

United Kingdom

5-10 years

Suspicious Regulatory License

Self-developed

Suspicious Scope of Business

High potential risk

https://www.gcmasia.co/en

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Comparison

Quantity 1

Exposure

Open Account
Website

Score

Regulatory Index0.00

Business Index6.87

Risk Management Index0.00

Software Index4.37

License Index0.00

Open Account
Website

Licenses

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

Single Core

1G

40G

open now

Regulatory disclosure

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Danger

ID BAPPEBTI
2022-02-02
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Danger

MY SCM
2020-01-01
INVESTOR ALERT LIST
GCM ASIA

Danger

MY SCM
2020-01-01
INVESTOR ALERT LIST
GCM ASIA

Broker Information

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Company Name

GCMAsia.

Company Abbreviation

GCM ASIA

Platform registered country and region

United Kingdom

Company website

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Company summary

Pyramid scheme complaint

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Warning: Low score, please stay away! 6
Previous Detection : 2025-07-22
  • 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 5. 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

Exposure

1 pieces of exposure in total
Pyramid scheme complaint
Expose
GCM ASIA · Company summary

General Information & Regulators of GCMAsia

GCMAsia is a partner of Fortrade and is responsible for promoting Fortrade's services and trading platform in Asia. Fortrade Limited is authorized and regulated by the Financial Conduct Authority (FCA) of the United Kingdom (regulatory number: 609970). Fort Securities BLR is authorized and regulated by the National Bank of Belarus (NBRB) (regulatory number: 193075810). Fort Securities Australia Pty Ltd. is authorized and regulated by the Australian Securities and Investments Commission (ASIC) (regulatory number: 493520). GCMAsia offers clients accounts with Fortrade UK (regulated by the FCA), Fortrade Belarus (regulated by the NBRB), and Fortrade Australia (regulated by ASIC).

Safety Analysis of GCMAsia

GCMAsia's claims of cooperation with a number of companies regulated by global level regulators and the promise to open customer accounts in the name of these regulated companies are completely false. GCMAsia itself is not subject to any effective regulation, which means that its clients are not protected in any way. Investors should always be careful to avoid GCMAsia as a trading platform.

Markets Instruments of GCMAsia

GCM ASIA provides traders with access to popular financial instruments, mainly 60+ global currency pairs, US, EU &HK stocks, major global market indices, gold, silver, platinum precious metals, commodities, treasury bonds.

Leverage of GCMAsia

The leverage on the GCMAsia platform is 1:100 for major currency pairs, 1:25 for minor currency pairs, 1:10 for EU stocks, 1:5, 1:10 for US stocks, 1:100 for gold, 1:100 for USD crude oil, 1:50 for UK crude oil, and 1:20 for US treasury bonds.

Spreads of GCMAsia

The average spread for EURUSD is 2.5 pips, for GBPUSD is 3.5 pips, for EURGBP is 2.5 pips, for AUDUSD is 3 pips, for Australia 200 is 5 AUD, for Germany 30 is 2.50 EUR. Gold USD spreads are $0.50, and Gold EUR spreads are 1 EUR. The night spread for USOil (22:30-05:00) is 60 pips, and the night spread for EURGBP (21:55-22:55) is 60 pips.

Trading Platforms Avaiable

GCMAsia offers traders the flexibility to choose between the MT4 PC, MT4 Mobile, MT4 Web, GCMAsia Pro for mobile, and GCMAsia Pro for the web.


User Reviews

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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.
Translate to English
2023-04-04 10:35
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