Score

1.47 /10
Danger

GCMAsia

Australia

2-5 years

Suspicious Regulatory License

High potential risk

C

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Comparison

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Score

Regulatory Index0.00

Business Index6.72

Risk Management Index0.00

Software Index4.00

License Index0.00

Open Account
Website

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

X

Facebook

Instagram

Company summary

Pyramid scheme complaint

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Warning: Low score, please stay away! 5
Previous Detection : 2024-12-23
  • 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!

WikiFX Verification

GCMAsia · Company summary
GCMAsiaReview Summary
Founded2007-05-15
Registered Country/RegionAustralia
RegulationSuspicious Clone
Market InstrumentsForex/Commodities/Stocks/Indices/Precious Metals/Treasuries
Demo Account
Leverage/
Spread/
Trading PlatformGCMAsia(PC/Tablet/Mobile)
Min Deposit/
Customer SupportLive Chat
Social Media: Instagram, Twitter, Facebook

GCMAsia Information

GCMAsia is a broker engaged in 300+ instruments including forex, stocks, indices, precious metals, commodities, and treasuries. The broker also provides demo accounts. GCMAsia is still risky due to its suspicious clone status and inaccessible office website.

GCMAsia Information

Pros and Cons

Pros Cons
24/5 live customer supportSuspicious Clone
Demo account availableInaccessible office website
Various tradable instrumentsUnspecific fee and account information

Is GCMAsia Legit?

ASIC, FCA, and NBRB regulateGCMAsia but with a suspicious clone status, making it less safe than regulated brokers.

Is GCMAsia Legit?
Is GCMAsia Legit?
Is GCMAsia Legit?
Is GCMAsia Legit?

What Can I Trade on GCMAsia?

Traders can choose different investment directions because the broker provides forex, stocks, indices, precious metals, commodities, and treasuries.

Tradable Instruments Supported
Forex
Commodities
Stocks
Indices
Precious Metals
Treasuries
ETFs
Bonds
Mutual Funds
What Can I Trade on GCMAsia?

Account Type

GCMAsia set up live and demo accounts, while newbies can practice first through demo accounts without real funds.

Account Type

Trading Platform

GCMAsia provides a proprietary trading platform available in PC, Tablet, and Mobile versions instead of MT4/MT5. MT4 and MT5 not only provide various trading strategies but also implement EA systems.

Trading PlatformSupported Available Devices
GCMAsiaPC/Tablet/Mobile
Trading Platform

Customer Support Options

GCMAsia provides 24/5 customer support; traders can follow GCMAsia through Instagram, Twitter, and Facebook and contact the broker via live chat instead of phone, decreasing the consulting efficiency.

Contact Options Details
Live Chat
Social Media Instagram, Twitter, Facebook
Supported Language English
Website Language English
Physical Address /
Customer Support Options
Customer Support Options

User Reviews

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User comment

2

Comments

Write a review

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.
Translate to English
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.
Translate to English
2023-04-03 18:37
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