GSM Spreads, leverage, minimum deposit Revealed

WikiFX | 2024-12-24 10:29

Abstract：Registered in the United Kingdom, GSM is a broker that provides investors with precious metals, stock indices, futures, crude oil, and other internationally popular trading products. The tradable instruments with a maximum leverage of 1:200. The broker also provides three accounts with a maximum leverage of 1:200. The minimum spread is from 0.0 pips and the minimum deposit is $100. GSM is still risky due to its suspicious clone status, and bad reviews about stock fraud.

GSMReview Summary
Founded	2019-10-23
Registered Country/Region	United Kingdom
Regulation	Suspicious Clone
Market Instruments	Precious metals/Stock index futures/Crude oil
Demo Account	/
Leverage	Up to 1:200
Spread	From 0.0 pips
Trading Platform	MT5(PC)
Min Deposit	$100
Customer Support	Phone: +44 2084 323 088
Customer Support	Email: info@gsmfx.net

GSM Information

　　Registered in the United Kingdom, GSM is a brokerthatprovides investors with precious metals, stock indices, futures, crude oil, and other internationally popular trading products. The tradable instruments with a maximum leverage of 1:200. The broker also provides three accounts with a maximum leverage of 1:200. The minimum spread is from 0.0 pips and the minimum deposit is $100. GSM is still risky due to its suspicious clone status, and bad reviews about stock fraud.

Pros and Cons

Pros	Cons
Leverage up to 1:200	Suspicious Clone
MT5 available	Inaccessible official website
Spread from 0.0 pips	Stock fraud
	Unspecific transfer time and fee information
	No 24/7 customer support

Is GSM Legit?

　　GSM is regulated by ASIC with license number 001281851, but the current status is 'suspicious clone'.

What Can I Trade on xx?

　　xx offers various market instruments, including precious metals, stock index futures, crude oil, and more.

Tradable Instruments	Supported
Crude Oil	✔
Stock Index Futures	✔
Cryptocurrencies	✔

Account Type

　　GSM has three account types: classic, pro, and VIP. Traders who want low leverage can choose classic and pro accounts, while those with a sufficient budget can open a VIP account.

Account Type	Classic	Pro	VIP
Minimum deposit	$100	$100	$5000
Spreads from	1.6 pips	0.0 pips	0.0 pips
Max leverage	1:200	1:200	1:200
Min. lots	0.01	0.01	0.01
Commission	$0	2 per side per 100000 traded	1 per side per 100000 traded
Swap-free Islamic account option	✔	✔	✔

GSM Fees

　　The spread starts from 0.0 pips, the commission is from $0. The lower the spread, the faster the liquidity.

Leverage

　　The maximum leverage is 1:200 meaning that profits and losses are magnified 200 times.

Trading Platform

　　GSM cooperates with the authoritative MT5 trading platform available in PC to trade. Traders with rich experience are more suitable for using MT5. MT5 not only provides various trading strategies but also implements EA systems.

Trading Platform	Supported	Available Devices	Suitable for
MT5	✔	PC	Experienced traders

Deposit and Withdrawal

　　The minimum deposit is $100. However, the official website is inaccessible, so transfer processing times, methods, and associated fees are unknown.