GCM Review - Is This Broker Legit and Safe? - WikiFX
एब्स्ट्रैक्ट：GCM is an unregulated brokerage firm that offers trading in currency pairs, commodities, stock exchange indices, foreign stocks, and bonds and bills.
| GCM Review Summary | |
| Founded | 2018 |
| Registered Country/Region | Turkey |
| Regulation | No Regulation |
| Market Instruments | 500+, Currency pairs, Commodities, Stock exchange indices, Foreign stocks, Bonds and bills |
| Demo Account | ✅($100,000 in virtual money) |
| Leverage | / |
| Spread | Low but not specified |
| Trading Platforms | GCM TRADER, GCM STOCK TRADER, MATRIX TRADER, OPTION TRADER, MT4 & MT5 |
| Minimum Deposit | / |
| Customer Support | 24/5 support |
| Contact form, live chat | |
| Facebook, X, YouTube, LinkedIn, Instagram | |
| Phone: +92 0212 345 0 426 | |
| Fax: +90 (212) 345 04 02 | |
| Email: bilgi@gcmyatirim.com.tr | |
| Address: Eski Büyükdere Cad. Park Plaza. No:14 Kat:14 Maslak Sarıyer / İstanbul - TÜRKİYE | |
GCM, founded in 2018 and registered in Turkey, is an unregulated brokerage firm that offers over 500 market instruments, including currency pairs, commodities, stock exchange indices, foreign stocks, and bonds and bills. It also provides multiple trading platforms such as GCM TRADER, GCM STOCK TRADER, MATRIX TRADER, OPTION TRADER, MT4 & MT5. Moreover, GCM offers a Free Trial Account with $100,000 in virtual money and free training.
Pros and Cons
| Pros | Cons |
| Demo accounts available | No regulation |
| A wide range of trading products | Limited info on accounts |
| Multiple customer support channels | Limited info on trading fees |
| MT4 & MT5 platform |
Is GCM Legit?
At present, GCM lacks valid regulation. Its domain was registered on May 19, 2024, and the current status is “client Transfer Prohibited”. Please pay high attention to the safety of your funds if you choose this broker.
What Can I Trade on GCM?
On GCM, you can trade with more than 500 investment instruments like Currency pairs, Commodities, Stock exchange indices, Foreign stocks, Bonds and bills.
| Tradable Instruments | Supported |
| Forex | ✔ |
| Commodities | ✔ |
| Indices | ✔ |
| Stocks | ✔ |
| Bonds | ✔ |
| Bills | ✔ |
| Cryptocurrencies | ❌ |
| Options | ❌ |
| ETFs | ❌ |
| Mutual Funds | ❌ |
Account Type
GCM provides a Free Trial Account and Real Investment Account for clients.
FREE TRIAL ACCOUNT:
- $100,000 virtual money
- Free trainings
REAL TRADING ACCOUNT:
- Low spreads
- A private investor representative
Trading Platform
| Trading Platform | Supported | Available Devices | Suitable for |
| GCM MT4 | ✔ | Desktop, iOS, Android | Beginners |
| GCM MT5 | ✔ | Web, Desktop, iOS, Android | Experienced traders |
| GCM TRADER | ✔ | Web, iOS, Android | / |
| MATRIX TRADER | ✔ | Windows, Mobile | / |
| GCM STOCK TRADER | ✔ | Web, iOS, Android | Stock traders |
| OPTION TRADER | ✔ | iOS, Android | Option traders |
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