Regulatory Information
GCM ASIA Claims To Be An Agent Of Fortrade Limited, Which Is Regulated By The Financial Marekt Conduct Authority (FCA), The Mauritius Financial Services Commission (FSC), And The Australian Securities And Investments Commission (ASIC). However, We Found That These Regulations Only, Upon Our Inquiry With The Regulator, The Company Belongs To Fortrade Limited. Since There Is No Information Matching GCM ASIA In The Relevant Regulatory Details Shown By The Regulator, It Means That The Company May Be A Clone Company That Impersonates The Provisions Of A Licensed Company.
Furthermore, Bank Negara Malaysia Has Issued A Warning That GCM AISA May Provide Financial Services Or Products Without Authorization.
In Fact, GCM ASIA Is Not Effectively Regulated By Any Regulatory Body. It Is Not Safe For This Broker To Hold Or Control Investors' Funds, And These Funds Cannot Be Protected By Any Laws.
Market Tools
Clients Can Trade More Than 300 Products On GCM Asia, Including Forex, Bonds, Stocks, Indices, Precious Metals, Commodities, And More.
The Market Tools Offered By GCM Asia Include Currency Pairs, Precious Metals Contracts For Difference (CFDs), Commodity Contracts For Difference (CFDs), Equity Contracts For Difference (CFDs), Index Contracts For Difference (CFDs), And Treasury Bonds.
Currency Pairs: GCM Asia Offers Trading Opportunities In The Forex Market, Which Is Known For Its High Liquidity With A Daily Turnover Of Around $5 Trillion. Traders Can Choose From Over 50 Currency Pairs, Including Popular Options Such As Eur/usd, Gbp/usd, Aud/usd And Usd/jpy. The Advantages Of Trading Currency Pairs With GCM Asia Include Zero Commissions, High Leverage And Round-the-clock, Five-day-a-week Trading In The Forex Market.
Precious Metals Contracts For Difference (CFDs): GCM Asia Offers Traders The Opportunity To Trade Precious Metals, Which Are Often Viewed As Safe-haven Assets During Times Of Uncertainty And Market Volatility. Traders Can Participate In Contracts For Difference (CFDs) Trading On Precious Metals Such As Gold, Silver, Platinum And Palladium. The Advantages Of Trading CFDs On Precious Metals With GCM Asia Include Precise Execution, No Quotation Required, Zero Commissions And High Leverage.
Commodity Contracts For Difference (CFDs): GCM Asia Allows Traders To Diversify Their Portfolios By Trading Commodities. This Includes Fixed Spreads On Contracts For Difference (CFDs) For Crude Oil, Natural Gas, Soybeans, Corn And Other Energy And Agriculture-related Commodities. Traders Can Speculate On Price Fluctuations In These Commodities Without Actually Holding Physical Assets. Like Other Instruments, Commodity Contracts For Difference (CFDs) Do Not Charge Commissions And Offer High Leverage.
Equity Contracts For Difference (CFDs): To Diversify Their Portfolios, GCM Asia Offers A Wide Range Of Equity Contracts For Difference (CFDs) On US, Australian, And European Stocks. Traders Can Choose From Over 200 Stocks From Popular Markets Such As Facebook, Amazon, Alibaba, Etc. With Stock CFDs, Traders Can Enjoy Zero Commissions, High Leverage, And Accurate Execution.
Index Contracts For Difference (CFDs): GCM Asia Offers The Opportunity To Trade Index Contracts For Difference (CFDs), Allowing Traders To Participate In Spot Index CFD Trading. Traders Can Choose From Over 20 Indices From The US, European, And Asian Markets. Index CFDs Offer Zero Commissions, High Leverage, And Fast Order Execution.
Treasuries: GCM Asia Allows Trading CFDs On US Treasury Bonds Issued By US Treasury. Traders Can Participate In CFD Trading On 5, 10 And 30 Year US Treasury Bonds. The Advantages Of Trading Treasuries With GCM Asia Include Zero Commissions, High Leverage And Enhanced Execution.
Account Types
- Standard Account
The Standard Account Offered By GCM Asia Is Suitable For Traders Who Wish To Start Trading With A Relatively Small Deposit ($100). The Account Allows Traders To Trade With A Minimum Trading Volume Of 0.01 Lots. With A Maximum Leverage Of 1:200, Traders Can Expand Their Trading Positions. However, It Is Important To Note That Higher Leverage Also Comes With Higher Risk. The Average Margin For A Standard Account Is 2.5 Pips, Representing The Difference Between The Bid And Ask Prices Of A Currency Pair.
- Premium VIP Account
- ECN Pro Account
- Demo Account
GCM Asia Offers Premium VIP Accounts To Premium Clients For Additional Benefits And Personalized Service. VIP Clients Have The Opportunity To Attend Professional Training Courses To Enhance Their Knowledge And Understanding Of Investment Strategies. They Also Have Access To Free Forex Training Materials To Expand Their Trading Skills. In Addition, The Premium VIP Account Offers Exclusive Access To Expert Risk Management Advice, Enabling Clients To Apply Advanced Investment Techniques And Minimize Latent Risk.
ECN Pro Account Is Designed For High Volume Traders Who Need Direct Access To The Interbank Market. This Type Of Account Operates At Low Trading Costs Through A Commission-based Model. By Tipping Each Trade, Traders Can Reduce Costs And Potentially Increase Overall Profits. The Benefits Of An ECN Pro Account Are Tied To Trading Volume, Meaning Traders Will Receive Additional Benefits And Features As They Execute More Trades.
GCM Asia Also Offers A Demo Account As A Platform For Traders To Practice. The Account Allows One To Familiarize Themselves With The Trading Platform And Test Various Strategies Without Risking Any Real Money. Traders Can Simulate Real Market Conditions And Evaluate The Effectiveness Of Their Trading Strategies Without Fear Of Financial Loss.
Leverage
In The Context Of GCM Asia, Leverage Refers To The Ability Provided To Traders To Expand The Size Of Their Trading Positions By Specifying Multiples. GCM Asia Provides Traders With Standard Leverage Options That Enable Them To Increase The Size Of Their Trades. The Maximum Leverage Available Is 200:1, Which Means That Traders Can Control Positions That Are 200 Times Larger Than Their Trading Account Balance.
Non-commercial Rate
Non-commercial Fee Processing Fee Refers To A Fee Charged By GCM Asia That Is Not Directly Related To Commercial Activity. An Example Of This Type Of Fee Is The Inactivity Fee. This Fee Applies To Accounts That Have Been Inactive For 180 Consecutive Days Or More. GCM Asia Charges A Monthly Fee Of 10 Dollars Or An Amount Equal To The Inactivity Fee.
Spreads And Commissions
GCM Asia Offers Starting Spreads Of 2.5 Pips And Does Not Impose Minimum Deposit Requirements On Traders. Spreads Offered By GCM Asia Can Affect Trading Costs And Profitability, So Traders Need To Evaluate The Impact Of Their Spread And Commission Structure.
Business Platform
GCM Asia Offers Two Trading Platforms: GCM Asia Pro And Metatrader 4.t These Platforms Cater To Traders Looking For Different Features And Functionalities, Offering Options Based On Their Preferences And Trading Style. Both Platforms Are Designed To Be Accessible From A Variety Of Devices, Including Apple And Android Mobile Devices, PCs And Tablets.
GCM Asia Pro Is A Trading Platform Available For Android /IOS Apps, Allowing Users To Trade Over 300 Products. The Mobile App Allows Traders To Access The Platform Anytime, Anywhere, Freely Managing Trades. GCM Asia Pro Provides A User-friendly Interface That Enables Traders To Easily Navigate The Platform And Execute Trades Efficiently. In Addition, The Platform Incorporates A Range Of Features That Enhance The Trading Experience, Providing Users With Tools And Resources To Make Informed Trading Decisions.
On The Other Hand, Metatrader 4 Is A Widely Recognized And Popular Trading Platform In The Industry. It Is Accessible From Android Devices, Mobile Devices, PCs And Tablets, Allowing Traders To Choose Their Preferred Device.
Trading Tools
GCM Asia Offers A Range Of Trading Tools Designed To Help Traders Make Decisions And Enhance The Overall Trading Experience. These Tools Can Be Categorized Into Different Types, Each With A Specific Purpose.
Economic Calendar: The Economic Calendar Is A Valuable Tool That Displays Important Economic Announcements And Events. It Provides Traders With Information On Key Economic Indicators Such As Interest Rate Decisions, GDP Releases And Employment Data. By Staying Up To Date With These Events, Traders Can Predict Market Fluctuations And Adjust Their Trading Strategies Accordingly.
Currency Calculator: Currency Calculator Allows Traders To Quickly Convert Different Currencies. It Helps Them Evaluate The Value Of Different Currency Pairs And Make Informed Trading Decisions. The Tool Eliminates The Need For Manual Calculations And Provides Real-time And Accurate Exchange Rates For Currencies.
Handling Fee Calculator: Exchange Rate Calculator Is Designed To Help Traders Calculate The Overnight Exchange Rate For Overnight Positions. This Information Is Essential For Traders Who Are Engaged In Long-term Trading Strategies And Need To Consider Any Costs Or Benefits Of Overnight Positions.
Spread Calculator: Spread Calculator Is A Simple Tool That Allows Traders To Calculate The Pip Values Of Various Currency Pairs. It Helps Traders To Determine The Potential Profit Or Loss Of A Trade Based On The Movement Of Pips, Thus Achieving Better Risk Management And Position Sizing.
Margin Calculator: Margin Calculator Is An Essential Tool For Traders, It Helps Them To Calculate The Margin Required To Open Or Hold A Position. It Helps Traders To Understand The Amount Of Leverage Available To Them And The Latent Risks That May Be Involved In Trading.
Strategies, Daily Analysis, And Weekly Analysis: GCM Asia Also Offers A Variety Of Strategies, Daily Analysis, And Weekly Analysis To Provide Traders With Valuable Information And Research. These Resources Help Traders Identify Potential Trading Opportunities, Analyze Market Trends, And Make Informed Decisions Based On Fundamental And Technical Analysis.
Deposits And Withdrawals
China (Credit/Debit Card, WeChat Pay, Alipay): In China, GCM Asia Offers A Variety Of Deposit Options To Meet The Preferences Of Chinese Merchants. Customers Can Use A Credit/debit Card (China UnionPay), WeChat Pay Or Alipay To Fund Their Business Account. These Options Provide A Familiar Way For Chinese Traders To Add Funds And Start Trading.
Malaysia (FPX Payment, Internet Banking): For Customers In Malaysia, GCM Asia Offers Two Deposit Options: FPX Payment And Internet Banking.
International (Credit/Debit Card, BitPay, Neteller, Skrill, Bank Transfer): International Customers Have A Wider Range Of Deposit Options. They Can Choose To Deposit Funds Via Credit/Debit Card (VISA, MASTER, AMEX), BitPay, Neteller, Skrill Or Bank Transfer.
GCM Asia Recommends An Initial Deposit Amount Of €/$/500 Pounds Sterling, Depending On The Base Currency Chosen By The Merchant. However, It Is Also Possible To Start Trading In Smaller Amounts As Low As 100 €/$/£.
Educational Resources
In Addition To Webinars, GCM Asia Also Offers Educational Materials In The Form Of Articles And Guides. These Resources Cover A Wide Range Of Trading-related Topics, Including Risk Management, Trading Psychology, Trading Strategies, And Market Indicators. Written By Experts In The Field, These Articles Are Designed To Provide Traders With In-depth Knowledge And Practical Advice.
Customer Support
GCM Asia's Client Server Is Involved In Providing Assistance And Answering Users' Questions. They Provide Multiple Channels Such As Phone, Email, Facebook And Instagram In Order To Communicate With Their Support Team. The Phone Numbers Available To English Users Are + 1 800-81-9796 And + 62 212-7899-369. Users Can Also Contact Customer Support Via Email At Cs@gcmasia.com. GCM Asia Asia's Customer Support Service Operates 24/5, Allowing Users To Seek Assistance During Most Trading Hours.
CONCLUSION
In Conclusion, It Appears That Guohui Asia Is A Broker With Several Shortcomings And Risks. The Broker Has Been Flagged As Suspicious And May Be Involved In Fraudulent Practices, And Its Regulatory License From The UK Financial Conduct Authority (FCA) Is Suspected To Be A Clone. Complaints And Negative Reviews Have Further Raised Concerns About The Broker's Credibility. On The Positive Side, Guohui Asia Offers A Wide Range Of Market Instruments, Including Currency Pairs, Precious Metals CFDs, Commodity CFDs, Equity CFDs, Index CFDs, And Treasury CFDs. It Also Offers Different Types Of Accounts To Suit Traders' Preferences, And Offers Two Trading Platforms, Guomai Asia Pro And MetaTrader 4.
