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6.23/10
TU Overall Score
The purpose of creating the TU Overall Score is to make the search for secure and reliable brokerage companies easier for the visitors of our website. We believe that it is a very important mission as, unfortunately, not every company in the financial industry is worthy of trust.

According to our idea, the TU Overall Score indicator should answer the biggest question of all: “Can I trust this broker with my money?”. The scores range within 0.01 – 9.99 (the higher the indicator the more trust the broker has). More details
Minimum deposit:
  • 50 000 TRY
Trading platform:
  • MetaTrader4
  • GCM Trader
Regulation:
  • MASAK
  • CMB
Foundation date:
  • 2009
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Our Evaluation of GCM Forex

6.23/10
TU Overall Score
The purpose of creating the TU Overall Score is to make the search for secure and reliable brokerage companies easier for the visitors of our website. We believe that it is a very important mission as, unfortunately, not every company in the financial industry is worthy of trust.

According to our idea, the TU Overall Score indicator should answer the biggest question of all: “Can I trust this broker with my money?”. The scores range within 0.01 – 9.99 (the higher the indicator the more trust the broker has). More details
Traders Union icon

GCM Forex is a moderate-risk broker with the TU Overall Score of 6.23 out of 10. Having reviewed trading opportunities offered by the company and reviews posted by GCM Forex clients on our website, Traders Union expert Anton Kharitonov recommends users to thoroughly analyze pros and cons before opening an account with this broker as not all clients are satisfied with the company, according to reviews.

The operation of GCM Forex aims at working with experienced traders, as low leverage, which the broker offers, implies that the traders have to use a considerable amount of their own funds for opening a position.

Brief Look at GCM Forex

GCM Forex is a brand of Global Capital Markets, established in 2012. The company is currently one of the largest brokers in Turkey. It operates under the regulation of the Capital Markets Board (CMB, G-039 (398)), a respected regulator of Turkey. GCM Forex has equity of 39 million Turkish lira. The company received the Leveraged Volume Leader Award. GCM Forex has credit rating AA, according to rating agencies, which means high creditworthiness and very low probability of financial collapse.

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Advantages of trading with GCM Forex:
  • Proprietary software for trading in a browser.
  • Demo account is provided for free and can be opened again after the trial period expires.
  • The company’s operation is controlled by a reputable authority at the place of its actual location.
  • There is a 24-hour live chat on the GCMForex website for addressing urgent issues.
  • Provision of currency pair quotes in real time mode for technical analysis.
  • Trading support by phone.
  • The broker offers an ECN account with no spread, where the orders are executed quicker and at better prices thanks to the direct access to the market without preliminary processing.
Disadvantages of GCM Forex:
  • Limited choice of deposit and withdrawal methods.
  • Customer support does not work on weekends and holidays.
  • Maximum leverage is 1:10.

TU Expert Advice

Andrey Mastykin

Author, Financial Expert at Traders Union

GCM Forex offers a variety of trading instruments, including Forex pairs, CFDs, and stocks, through its proprietary GCM Trader platform and MT4. Account types include Standard and ECN, with zero spreads on the ECN account. The broker caters to professional traders with a minimum deposit requirement of TRY 50,000 and offers leverage up to 1:10, which requires substantial personal capital. GCM Forex provides real-time quotes and trading support via phone, along with a free demo account.

Drawbacks of GCM Forex include limited deposit and withdrawal methods and the absence of weekend client support. Additionally, the lack of client deposit insurance could concern some traders. While GCM Forex may be suitable for experienced traders due to its trading conditions, high minimum deposit, and leverage requirements, it may not serve beginners or those preferring lower capital commitments and diverse asset access.

GCM Forex Trading Conditions

💻 Trading platform: GCM Trader, MetaTrader 4
📊 Accounts: Demo, Standard, ECN
💰 Account currency: USD, EUR, TRY
💵 Deposit / Withdrawal: Wire transfer
🚀 Minimum deposit: TRY 50,000 
⚖️ Leverage: Up to 1:10
💼 PAMM-accounts: No
📈️ Min Order: 0.01
💱 EUR/USD spread: 0,2 pips
🔧 Instruments: Currency pairs (51), CFDs on commodities (21), indices (14), stocks (137), bonds and promissory notes (3)
💹 Margin Call / Stop Out: Margin Call: 50%
🏛 Liquidity provider: Large Turkish banks
📱 Mobile trading: Yes
➕ Affiliate program: No
📋 Order execution: Market Execution
⭐ Trading features: Positive swaps are applied to some instruments
🎁 Contests and bonuses: No

GCM Forex offers a wide range of trading instruments, including currency pairs and CFDs. The broker has no restrictions on the trading styles: intraday trading, position hedging and scalping are allowed. GCM Forex provides leverage 1:10, which is why you need a sufficient amount of your own funds in order to trade successfully.

GCM Forex Key Parameters Evaluation

Video Review of GCM Forex

User Satisfaction i

Score:
6.6/10

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netjagan
1 year ago

GCM Forex is a normal company. There were no problems or conflicts during the entire period of trading with them. The only remark is that the margin requirements could be improved, since maximum leverage is necessary for my advisor to work.

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KameramannKl
1 year ago

I opened an account here on the recommendation of a trusted friend. Without him, I would not have dared to invest a significant amount in an unfamiliar company. The minimum deposit requirement of 50,000 pounds does not allow you to start small at GCM Forex. Although it is more profitable to work on ECN, a professional approach to trading is required to apply for this advantage. I don't have much experience yet, so I trade on a regular account. But at the same time, I feel quite comfortable, since the spread on the Standard account is average. Moreover, I have not yet observed night ""hairpins"" and other disreputable actions of this broker.

Güvenilir bir arkadaşımın tavsiyesi üzerine burada bir hesap açtım. O olmasaydı, tanımadığım bir şirkete önemli miktarda yatırım yapmaya cesaret edemezdim. Minimum 50.000 liralık para yatırma gereksinimi, GCM Forex'te ufak çapta bir başlangıç yapmanıza izin vermez. ECN üzerinde çalışmak daha karlı olsa da, bu avantaja başvurmak için ticarete profesyonel bir yaklaşım gereklidir. Henüz fazla deneyimim yok, bu yüzden normal bir hesapta işlem yapıyorum. Ancak aynı zamanda, Standart hesaptaki spread ortalama olduğu için kendimi oldukça rahat hissediyorum. Üstelik, bu brokerin gece ""hairpins"" ve diğer saygın olmayan eylemlerini de henüz gözlemlemedim.

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MichaelUtele
1 year ago

I don't have enough time for active independent work on Forex, so I launched a trading advisor from developers from the MQL community. Of course, this is not exclusive to GCM Forex, since this feature is available in all brokers providing one of the MetaTrader versions. But unlike its competitors, this broker is regulated in Seychelles not by an organization that requires you to be personally present to handle a complaint, but by a trusted government agency. I have not had such a need yet, but I am satisfied that GCM Forex has sound trading conditions.

Forex üzerinde aktif bağımsız çalışma için yeterli zamanım yok, bu yüzden MQL topluluğundan geliştiricilerden bir işlem danışmanı başlattım. Tabii ki, bu GCM Forex'e özel değildir, çünkü bu özellik MetaTrader sürümlerinden birini sağlayan tüm brokerlerde mevcuttur. Ancak rakiplerinin aksine, bu broker Seyşeller'de bir şikayeti ele almak için şahsen hazır bulunmanızı gerektiren bir kuruluş tarafından değil, güvenilir bir devlet kurumu tarafından regüle edilmektedir. Henüz böyle bir ihtiyacım olmadı, ancak GCM Forex'in sağlam işlem koşullarına sahip olmasından memnunum.

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MaryaChiem
1 year ago

Many people neglect the safety of their funds and when choosing a broker do not pay attention to how their activities are supervised. I took this issue more seriously because opening an account with a company under the supervision of a reputable regulatory body provides several advantages. In the case of GCM Forex, this is the security of transactions under the control of the Capital Markets Board of Turkey. Most of the money is kept in the accounts of major banks and cannot be used inappropriately. By the way, the same banks are partners of the broker and together with ECN technology they provide liquidity that allows you to instantly open orders at the best price.

Birçok kişi fonlarının güvenliğini ihmal eder ve bir broker seçerken faaliyetlerinin nasıl denetlendiğine dikkat etmez. Bu konuyu daha ciddiye aldım çünkü saygın bir regülasyon kurumunun denetimi altındaki bir şirkette hesap açmak çeşitli avantajlar sağlıyor. GCM Forex söz konusu olduğunda, bu, Türkiye Sermaye Piyasası Kurulu'nun kontrolü altındaki işlemlerin güvenliğidir. Paranın çoğu büyük bankaların hesaplarında tutuluyor ve uygunsuz bir şekilde kullanılamıyor. Bu arada, aynı bankalar brokerin ortaklarıdır ve ECN teknolojisi ile birlikte en iyi fiyattan anında emir açmanıza olanak tanıyan likidite sağlarlar.

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calinilea17
2 years ago

I had the bad experience of a broker filing for bankruptcy. Therefore, the first thing I did before renewing the deposit at GCM Forex was to contact the rating agency for information. The letters AA in front of the company name inspired confidence, as this status implies a high degree of creditworthiness. I opened an account with a minimum of 50,000 Turkish lira. After a month of trading, everything is going well. The minimum amount is not small, but the broker's leverage is too small. Therefore, with a smaller deposit, a good start will still not be profitable, but the 1:10 leverage sometimes helps. A few times there was a pullback situation when a margin call knocked on the door and only borrowed funds saved the trade.

Bir brokerin iflas başvurusunda bulunması gibi kötü bir deneyim yaşadım. Bu nedenle, GCM Forex'teki depozitoyu yenilemeden önce yaptığım ilk şey, bilgi için derecelendirme kuruluşuyla iletişime geçmek oldu. Şirket adının karşısındaki AA harfleri güven telkin ediyordu, çünkü bu statü yüksek derecede kredibilite anlamına geliyordu. Minimum 50.000 Türk lirası ile bir hesap açtım. Bir aylık alım satımın ardından her şey yolunda gidiyor. Asgari miktar küçük değil, ancak brokerin kaldıracı çok küçük. Bu nedenle, daha küçük bir depozito ile, iyi bir başlangıç yine de karlı olmayacaktır, ancak 1:10 kaldıraç bazen yardımcı olmaktadır. Birkaç kez, bir marj çağrısı kapıyı çaldığında ve yalnızca ödünç alınan fonlar işlemi kurtardığında bir geri çekilme durumu yaşandı.

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mahdi.najjari.1383
2 years ago

I trade foreign exchange at GCM Forex. This broker stands out from its competitors with its transparent conditions and high security. However, I would like to highlight another advantage that I, like many others, did not pay attention to when opening an account. The company allows trading by phone for the execution of orders and adjustment of positions. Who needs this when there is high-speed internet that can complete a trade instantly? But this function helped me a lot when I forgot to set a stop-loss and the connection suddenly disappeared. I was able to get my money only thanks to the manager who closed the deal manually.

GCM Forex'te döviz işlemleri yapıyorum. Bu broker, şeffaf koşulları ve yüksek güvenliği ile rakiplerinden ayrılıyor. Ancak, diğer pek çok kişi gibi benim de hesap açarken dikkat etmediğim bir başka avantajı vurgulamak istiyorum. Şirket, emirlerin yerine getirilmesi ve pozisyonların ayarlanması için telefonla işlem yapılmasına izin verir. Bir işlemi anında tamamlayabilen yüksek hızlı internet varken buna kimin ihtiyacı var? Ancak bu işlev, bir stop-loss ayarlamayı unuttuğumda ve bağlantı aniden kaybolduğunda bana çok yardımcı oldu. Sadece anlaşmayı manuel olarak kapatan menajer sayesinde paramı alabildim.

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jeedun155460
2 years ago

The broker focuses on active traders, which is not how I see myself. And although the broker does not have PAMM accounts, on the MT4 platform itself, you can connect to the trader community and copy the trades of professionals. Several times I noticed that my quotes were opened at better prices than the provider. I am not an expert in these matters, perhaps this is due to the high liquidity from GCM Forex providers. In any case, I am satisfied with the cooperation with the company. Therefore, I highly recommend it.

Broker, kendimi öyle görmediğim aktif yatırımcılara odaklanıyor. Yine de bir yıldan uzun süredir GCM Forex ile çalışıyorum. Ve brokerin PAMM hesapları olmamasına rağmen, MT4 platformunun kendisinde, yatırımcı topluluğuna bağlanabilir ve profesyonellerin işlemlerini kopyalayabilirsiniz. Birkaç kez tekliflerimin sağlayıcıdan daha iyi fiyatlarla açıldığını fark ettim. Bu konularda uzman değilim, belki de bunun nedeni GCM Forex sağlayıcılarından gelen yüksek likiditedir. Her halükarda, şirketle olan işbirliğinden memnunum. Bu yüzden, Şiddetle tavsiye ediyorum.

Score:
6.48/10

Trading Account Opening

In order to create a Personal Account on GCM Forex, you need to choose an account type and go through a simple registration:

1

On the website of GCM Forex click on the Open a New Account button.

GCM Forex Review — Registration
GCM Forex Review — Registration
GCM Forex Review — Registration
2

Enter personal data in the registration form: First Name, Last Name, Phone and Email. Also come up with a reliable password and choose account currency.

GCM Forex Review — Filling out registration form
GCM Forex Review — Filling out registration form
3

In order to access your Personal Account, provide your account number (the broker will send it to the email address specified during registration) and password.

GCM Forex Review— — Accessing Personal Account
GCM Forex Review— — Accessing Personal Account
4

Features of the Personal Account on GCM Forex:

1. Opening a new account:
GCM Forex — Account opening
GCM Forex — Account opening
2. Funding the trading account and submitting a withdrawal request:
GCM Forex Review — Deposit and withdrawal
GCM Forex Review — Deposit and withdrawal
1. Opening a new account:
GCM Forex — Account opening
GCM Forex — Account opening
2. Funding the trading account and submitting a withdrawal request:
GCM Forex Review — Deposit and withdrawal
GCM Forex Review — Deposit and withdrawal

In the Personal Account, a trader can perform the following actions:

  • Create a statement on all opened trading accounts.

  • Pass verification.

  • Review economic calendar, news and market analysis.

  • View movement of funds on investment accounts.

  • Receive a report on closed trades with specification of the price and the time of opening and closing of the position.

  • Read about the security guarantees of funds, which the company offers.

  • Contact customer support.

Score:
We evaluate brokers' safety based on several key criteria. The highest value is placed on regulation, especially Tier 1 regulation, which ensures adherence to stringent standards set by top financial authorities like the FCA in the UK, CFTC in the US, CySEc and BaFin (EU) or ASIC (Australia). High scores are also given for participation in investor protection funds, which safeguard clients' funds in case of broker insolvency. Learn the assessment criteria
6.8/10

Regulation and safety

GCM Forex has a safety score of 6.8/10, which corresponds to a Medium security level. The safest brokers are those with Tier-1 regulation, a long history (over 10 years in the market), and participation in investor compensation schemes.

Advantages
  • Is regulated
  • Negative balance protection
  • Track record over 16 years
Disadvantages
  • Not tier-1 regulated

GCM Forex Regulators and Investor Protection

Abbreviation Full Name Country of regulation Investor Protection Fund Regulation Level
SPK (Turkey) Sermaye Piyasası Kurulu (SPK) – Capital Markets Board of Turkey Turkey TL 160,000 Tier-2

GCM Forex Security Factors

Foundation date 2009
Negative balance protection Yes
Verification (KYC) Yes
Score:
We evaluate brokers' fees and spreads by assessing the costs associated with Standard and ECN/Raw spread accounts, including commissions and spreads. Additionally, our evaluation considers extra fees such as deposit/withdrawal charges and inactivity fees. Learn the assessment criteria
6/10

Commissions and fees

The trading and non-trading commissions of broker GCM Forex have been analyzed and rated as Medium with a fees score of 6/10. Additionally, these commissions were compared with those of the top two competitors, Pepperstone and OANDA, to provide the most comprehensive information.

Advantages
  • Tight EUR/USD market spread
  • No inactivity fee
  • No deposit fee
Disadvantages
  • Above-average Forex trading fees
  • Withdrawal fee applies

Trading Fees and Spread

Below, we evaluated and compared the trading commissions of GCM Forex with those of two competitors. We focused on the spreads and other transaction fees directly associated with executing trades (e.g commission per lot on an ECN account). This comparison aimed to provide a clear understanding of the cost efficiency of each broker.

Standard Account Spread

For Standard accounts, GCM Forex’s commissions are part of the floating spread, which varies with market conditions. Typical values are provided, but during high volatility, the spread may exceed these.

GCM Forex Standard spreads

GCM Forex Pepperstone OANDA
EUR/USD min, pips 0,8 0,5 0,1
EUR/USD max, pips 1,2 1,5 0,5
GPB/USD min, pips 0,8 0,4 0,1
GPB/USD max, pips 1,5 1,4 0,5

RAW/ECN Account Commission And Spread

The spread on ECN/RAW accounts is market-based and fluctuates, with average values given during active hours. It may vary during volatility spikes. A commission per lot is also charged.

GCM Forex RAW/ECN spreads

GCM Forex Pepperstone OANDA
Commission ($ per lot) 5 3 3,5
EUR/USD avg spread 0,2 0,1 0,15
GBP/USD avg spread 0,2 0,15 0,2

Non-Trading Fees

We conducted a detailed analysis of the non-trading fees associated with GCM Forex. This review offers a comprehensive overview of the additional costs that may impact traders beyond regular trading activities.

GCM Forex Non-Trading Fees

GCM Forex Pepperstone OANDA
Deposit fee, % 0 0 0
Withdrawal fee, % 0-0,5 0 0
Withdrawal fee, USD 0 0 0-15
Inactivity fee ($, per month) 0 0 0
Score:
6.02/10

Account types

Depending on the trading strategy, a client can choose from two account types offered by GCM Forex. The minimum deposit on both accounts is TRY 50,000.

Account types:

Account Type
Description
Standard
is a standard account without the additional brokerage commission with all trading methods, including scalping and hedging available. There is a floating spread on the currency pairs – from 2 pips on popular pairs. The spread on exotic non-liquid pairs reaches 15 pips. Swap is charged for the position rollover to the following day, which can be of negative and of positive value.
ECN
is an account for professional traders, where order execution is carried out without the preliminary processing by the broker. It provides the advantage of data processing speed and beneficial prices at current quotes. With zero spreads, the commission per lot is from 1.5 to 15 pips. As is the case with the standard account, swap is charged for the position rollover to the following day.

The broker offers each trader a free demo account for gaining experience and strategy testing. The demo account is valid for 30 days. After this period expires, you can open a new Demo Account. The number of available demo accounts is unlimited.

GCM Forex offers standard and ECN accounts. However, high minimum deposit indicates that the broker is more focused on professional traders with substantial capital.

Score:
This section assesses the efficiency, speed, and affordability of brokers’ transaction processes, focusing on available methods, currencies, and fees. For further details, please refer to our data-focused methodology
3.5/10

Deposit and withdrawal

GCM Forex received a Low score for the efficiency and convenience of its deposit and withdrawal processes.

GCM Forex offers limited payment options and accessibility, which may impact its competitiveness.

Advantages
  • Low minimum withdrawal requirement
  • No deposit fee
  • Bank wire transfers available
Disadvantages
  • Only major base currencies available
  • Withdrawal fee applies
  • BTC payments not accepted

What are GCM Forex deposit and withdrawal options?

GCM Forex offers a limited selection of deposit and withdrawal methods, including Bank Wire. This limitation may restrict flexibility for users, making GCM Forex less competitive for those seeking diverse payment options.

GCM Forex Deposit and Withdrawal Methods vs Competitors

GCM Forex Plus500 Pepperstone
Bank Wire Yes Yes Yes
Bank card No Yes Yes
PayPal No Yes Yes
Wise No No No
BTC No No No

What are GCM Forex base account currencies?

A wide range of base account currencies minimizes the need for currency conversion, potentially reducing transaction costs for clients worldwide. GCM Forex supports the following base account currencies:

What are GCM Forex's minimum deposit and withdrawal amounts?

The minimum deposit on GCM Forex is $1500, while the minimum withdrawal amount is $30. These minimums may vary depending on the chosen account type and payment method. For specific details, please contact GCM Forex’s support team.

Score:
The evaluation in this section is based on the TU methodology and reflects the total number and variety of tradable assets offered by the broker, including Forex currency pairs. It also considers the availability of passive income tools such as PAMM accounts, copy trading, and similar services. All information is obtained from publicly available sources and may change.
6.25/10

Markets and tradable assets

GCM Forex offers a limited selection of trading assets compared to the market average. The platform supports 500 assets in total, including 50 Forex pairs.

Advantages
  • Indices trading
  • 50 supported currency pairs
  • 500 assets for trading
Disadvantages
  • No ETFs
  • Copy trading not available

%1$s Supported markets vs top competitors

We have compared the range of assets and markets supported by GCM Forex with its competitors, making it easier for you to find the perfect fit.

GCM Forex Plus500 Pepperstone
Currency pairs 50 60 90
Total tradable assets 500 2800 1200
Stocks Yes Yes Yes
Commodity futures Yes Yes Yes
Crypto No Yes Yes
Stock indices Yes Yes Yes
Options Yes Yes No

Investment options

We also explored the trading assets and products GCM Forex offers for beginner traders and investors who prefer not to engage in active trading.

GCM Forex Plus500 Pepperstone
Bonds Yes No No
ETFs No Yes Yes
Copy trading No No Yes
PAMM investing No No Yes
Managed accounts No No No
Score:
7.3/10

Customer support

Information

Customer support is available 24h on working days.

Advantages

  • You can order a callback
  • There is a FAQ section on the website
  • A client can visit physical offices of the company
  • You can open an account with the help of customer support
  • There is a form for recommendations on how to improve the company’s work

Disadvantages

  • Customer support does not work on weekends and holidays
  • You have to provide personal data in the feedback form
  • Chat operators respond only in Turkish
  • You cannot contact customer support directly from the trading platform

There are several ways to contact customer support:

  • Write a message on a live chat;

  • Fill out the form on the company’s website;

  • Make a phone call;

  • Order a callback;

  • Send an email;

  • Request a personal meeting at an office.

You don’t have to be a company’s client to contact customer support.

Contacts

Foundation date 2009
Registration address GCM Yatırım Menkul Değerler A.Ş., Eski Büyükdere Cad. Park Plaza. No:14 Kat:14 Maslak Sarıyer / İstanbul, TÜRKİYE
Regulation MASAK, CMB
Official site https://www.gcmyatirim.com.tr/
Contacts
Score:
7.6/10

Education

Information

The company does not offer educational courses on trading, but you can watch live streams of master classes of top traders in the Eğitim section of the website. The section also features over 10,000 minutes of educational videos on trading and the use of software.

Information provided in the Eğitim section
Information lacking on the GCM Forex website
Educational articles
Trading strategies with instructions for use
Webinars
Psychology and money management
Learning fundamental and technical analysis
A guide on how to work with technical indicators
E-books on trading
Risk management methods
Financial glossary
How to earn passive income on Forex

Eğitim also features information for professional traders, including articles and expert market analysis that can help improve their own expertise.

Comparison of GCM Forex with other Brokers

GCM Forex Bybit Eightcap XM Group Markets4you FBS
Trading
platform
GCM Trader, MetaTrader4 MetaTrader5 MT4, MT5, TradingView MT4, MT5, MobileTrading, XM App MT4, MobileTrading, MT5 MT4, MobileTrading, MT5, FBS app
Min deposit $50000 No $100 $5 No $5
Leverage From 1:1
to 1:10
From 1:1
to 1:500
From 1:30
to 1:500
From 1:1
to 1:30
From 1:10
to 1:4000
From 1:1
to 1:3000
Trust management No No No No No No
Accrual of % on the balance No No No No No No
Spread From 2 points From 0 points From 0 points From 0.8 points From 0.1 points From 1 point
Level of margin call
/ stop out
50%  /  No No  /  50% 80%  /  50% 100%  /  50% 100%  /  20% 40%  /  20%
Order Execution Market Execution Market Execution Market Execution Market Execution Market Execution, Instant Execution Market Execution
No deposit bonus No No No No No No
Cent accounts No No No No Yes No

Detailed Review of GCM Forex

GCM Forex has been offering its services since 2012. The company cares about its reputation and conducts transparent business. Its website features information about the licensing and regulatory bodies that oversee and audit its operation, as well as information about the licenses and awards. You can learn about the broker’s growth and development of innovative products from the publications in the national print media and television – the links to them are available on the company’s website.

GCM Forex in figures:

  • Free capital of the company – TRY 39 million.

  • The broker has five offices in Turkey for servicing its clients.

  • Over 400 licensed employees with experience in the financial and stock markets.

GCM Forex is a broker oriented towards active brokers with sufficient amount of own funds for trading with minimum credit

The minimum deposit on GCM Forex is TRY 50,000. However, as the Turkish regulatory authorities limit the maximum leverage to 1:10, this amount may not be enough for full-fledged trading without substantial use of borrowed funds. This is why GCM Forex is primarily suitable for wealthy traders, who are prepared to invest large capital in Forex.

The broker offers the popular MetaTrader 4 platform with the feature of copying trades of clients of other companies. In addition, the company has a proprietary web platform available for all browsers. For mobile trading, MT4 and GCM Trader apps are available. They can be installed on any Android or iOS device.

Useful services by GCM Forex:‌‌

  • Market analysis with a built-in virtual assistant feature, which filters assets based on the criteria set by the user.

  • Calculator for calculating the cost of 1 pip of the quotes of the currency pair you are trading.

  • An instrument for calculation of swaps on position rollover to the following day.

  • Currency converter, which enables you to perform conversion in real time mode at the current exchange rate.

  • Economic calendar with information on the events that can impact the quotes of the financial instruments.

Advantages:

1

The broker offers a wide choice of instruments for calculating the risks of order execution.

2

Clients have access to trading not only on MT4, but also on the proprietary platform, which is compatible with all operating systems.

3

All registered traders can learn expert opinion on the market situation in real time mode.

4

Zero brokerage commissions on the standard account and no spreads on the ECN accounts.

5

Special analytical reviews on different financial instruments are published daily on the company’s website.

6

The broker’s clients can earn passive income using copy trading services or automated Expert Advisors.

GCM Forex allows the use of different trading strategies, including hedging of positions and high-frequency trading.

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Team that worked on the article