Note: GTSEnergyMarketss official site - https://www.gtseforex.com/en/index.html is currently not functional. Therefore, we could only gather relevant information from the Internet to present a rough picture of this broker.
What is GTSEnergyMarkets?
GTSEnergyMarkets, an online trading platform authorized by ASIC, offers a diverse range of trading instruments across various asset classes. With a maximum leverage ratio of 1:500, GTSEnergyMarkets aims to provide traders with ample flexibility in their investment strategies.
However, it is important to note that their official website is inaccessible, indicating a potential issue with the platforms availability and raising concerns about the ability to withdraw funds. These reports of difficulties with fund withdrawals, coupled with the limited information available, suggest increased risk and uncertainty when investing with GTSEnergyMarkets.
In the following article, we will analyze the characteristics of this broker from various aspects, providing you with simple and organized information. If you are interested, please read on. At the end of the article, we will also briefly make a conclusion so that you can understand the broker's characteristics at a glance.
Pros & Cons
GTSEnergyMarkets Alternative Brokers
There are many alternative brokers to GTSEnergyMarkets depending on the specific needs and preferences of the trader. Some popular options include:
eToro - A popular social trading platform that allows traders to follow and copy the trades of other successful traders.
Axi – A well-regulated and respected trading broker with a range of advanced trading tools, making it an excellent choice for professional traders seeking advanced trading capabilities.
Equiti - A trusted global broker specializing in online trading of forex, commodities, and indices, offering cutting-edge technology, superior execution, and comprehensive market analysis.
Is GTSEnergyMarkets Safe or Scam?
GTSEnergy Markets is authorized by the Australian Securities and Investments Commission (ASIC), with the AR Authorised Representative Licence 001284404.
However, the official website of GTSEnergyMarkets is inaccessible, indicating that the trading platform may have absconded. This makes investing with them risky.
If you are considering investing with GTSEnergyMarkets, it is important to do your research thoroughly and weigh the potential risks against the potential rewards before making a decision.
Market Instruments
GTSEnergyMarkets offers a variety of trading instruments across different asset classes, including foreign exchange, precious metals, stock index CFDs, energy and many other financial trading products.
Foreign Exchange (Forex): Trading major currency pairs, such as EUR/USD, GBP/USD, or USD/JPY, as well as minor and exotic currency pairs.
Precious Metals: Trading in popular metals like gold, silver, platinum, and palladium.
Stock Index CFDs: Contracts for Difference on major stock indices, allowing traders to speculate on the price movements of indices like the S&P 500, FTSE 100, or Nikkei 225.
Energy Products: Trading in energy commodities like crude oil, natural gas, or heating oil.
Commodities: Potential trading opportunities in agricultural products like soybeans, corn, or wheat, among others.
Individual Stocks: Trading CFDs or other financial derivatives based on the share prices of individual companies listed on stock exchanges.
Bonds: The ability to trade bonds, which are fixed-income securities issued by governments or corporations.
Leverage
GTSEnergyMarkets offers a maximum leverage ratio of 1:500 to its traders. Leverage allows traders to control a larger position in the market with a smaller amount of capital. With a 1:500 leverage ratio, traders can open positions that are 500 times larger than their initial investment.
High leverage has the potential to amplify profits, as even small price movements can result in substantial gains. However, it is crucial to note that leverage also comes with inherent risks. Even a small adverse price movement can result in significant losses, potentially exceeding the initial investment. It is essential for traders to fully understand the risks associated with leverage and use it judiciously.
Trading Size & Mechanics
GTSEnergyMarkets allows clients to place mini-trades of 0.01 lots, i.e. a minimum order of 10,000 units at a time. The company also offers a T+0 trading facility, which means that clients can trade multiple times during the trading day at any time to earn spread gains by taking advantage of exchange rate market fluctuations.
Trading Platforms
GTSEnergyMarkets provides the popular trading platform MetaTrader 5 (MT5) for its clients. MT5 is a comprehensive and user-friendly platform that offers advanced features and tools for effective trading.
The MT5 platform allows traders to access a wide range of financial markets, including forex, commodities, stocks, and indices. It provides real-time market quotes, interactive charts, and numerous technical indicators to assist traders in analyzing price movements and making informed trading decisions.
MT5 is available for desktop applications (Windows and Mac), web-based trading, and mobile devices (iOS and Android), ensuring that traders have access to the platform anytime and anywhere.
See the trading platform comparison table below:
Trading Hours
The Forex trading market is actually a continuous 24-hour trading market. Clients can use the customer portal and website at any time, but the trading hours depend on the specific market. For Chinese clients, 20:00-24:00 BST is the most active time for forex trading.
Deposits & Withdrawals
User Exposure on WikiFX
On our website, you can see that reports of unable to withdraw. Traders are encouraged to carefully review the available information and consider the risks associated with trading on an unregulated platform. You can check our platform for information before trading. If you find such fraudulent brokers or have been a victim of one, please let us know in the Exposure section, we would appreciate it and our team of experts will do everything possible to solve the problem for you.
Customer Service
Customers can visit their office or get in touch with customer service line using the information provided below:
Telephone: +15645445905
Email: support@mail.gtseforex.com
Conclusion
In conclusion, GTSEnergyMarkets is a trading platform that offers a range of services to its clients. The platform provides access to various financial markets, allowing traders to diversify their portfolios and capitalize on different trading opportunities. With its user-friendly interface and advanced charting tools, GTSEnergyMarkets's trading platform, MT5, caters to the needs of both beginner and advanced traders. Besides, it is regulated by ASIC.
However, it is worth noting that there have been reports of GTSEnergyMarkets‘ official website being inaccessible, which raises concerns about the platform’s reliability and the ability to withdraw funds.
Frequently Asked Questions (FAQs)
Risk Warning
Online trading involves significant risk, and you may lose all of your invested capital. It is not suitable for all traders or investors. Please ensure that you understand the risks involved and note that the information provided in this review may be subject to change due to the constant updating of the company's services and policies.
In addition, the date on which this review was generated may also be an important factor to consider, as information may have changed since then. Therefore, readers are advised to always verify updated information directly with the company before making any decision or taking any action. Responsibility for the use of the information provided in this review rests solely with the reader.