GSM
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 |
| 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.
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