GGPM Spreads, leverage, minimum deposit Revealed

WikiFX | 2024-09-12 15:06

Abstract：GGPM is a broker based in New Zealand whose FSPR license is suspicious clone. Although it provides MT4, there is limited trading instruments to trade.

　　Note: GGPM's official website: https://en.ggfsg.com/ is currently inaccessible normally.

　　GGPM is a broker based in New Zealand whose FSPR license is suspicious clone. Although it provides MT4, there is limited trading instruments to trade.

Pros and Cons

Pros	Cons
MT4 provided	Unavailable website
Multilingual supported	Suspicious clone license of FSPR
	Only one type of account provided

Is GGPM Legit?

　　GGPM claims it is regulated under the Financial Service Providers Register (FSPR) with licensed type of Financial Service Corporate and license number: 580547. However, it is regarded as suspicious clone.

Regulatory Status	Suspicious Clone
Regulated by	New Zealand
Licensed Institution	GOLDEN STONES BUSINESS LIMITED
Licensed Type	Financial Service Corporate
Licensed Number	580547

What Can I Trade on GGPM?

　　GGPM offers eight currency pairs including the Chinese Yuan as one of the currencies in the list. Besides, it also offers CFDs on assets including gold, silver, crude oil,the dollar index, and the FA50 index.

Tradable Instruments	Supported
Forex	✔
Energy Commodities	✔
Precious Metals	✔
Indices	❌
Cryptocurrencies	❌

Account Type

　　GGPM only provides a single type of live account and demo account. The minimum trading size for this account is set at 0.1 lot and the maximum leverage is 1:100. There is no swap-free or Islamic accounts provided by GGPM.

Trading Platform

　　GGPM provides MT4 trading platform via smartphones, tablets, desktops and web. It supports copy trade, EA, custom chart and so on, which is suitable for novices in a rather safe trading environment.

Customer Service

　　GGPM supports phone, email and QQ. It also provides social media like Twitter and Facebook.

Contact Options	Details
Phone	400-009-2727 / 400-009-2727 / 852 350 225 22/ 4000092727
Email	info@ggfsg.com
QQ	4006001138
Social Media	Twitter, Facebook
Supported Language	English, Korean, Japanese and Chinese

The Bottom Line

　　In conclusion, GGPM is a forex broker which is not regulated well due to suspicious clone license. It offers few financial products and type of accounts. Its website can not be accessed. Therefore, clients can choose another broker who is regulated well and provides transparent transaction information.

FAQs

　　Is GGPM safe?

　　No. Its website is unavailable and the license of FSPR is suspicious clone.

　　Is GGPM provides swap-free account?

　　No.

　　Is GGPM good for beginners?

　　No, it is not goof for beginners due to opaque trading information and limited trading instruments.

Risk Warning

　　Online trading involves considerable risk, so it may not be suitable for every client. Please make sure that you totally understand the risks involved and notice that the information above provided in this review may be subject to alteration owing to the constant updating of the company's services and policies.