GPM Broker Review 2026

Item: GPM Broker
Rating: 5.62
Author: Oleg Tkachenko

By: Oleg Tkachenko
Updated: June 08, 2026

Top Brokers Overview — United States

Min. deposit $1
Fees 6 /10
Account types 5.6 /10
Regulation 8.5 /10

5.6 /10

Moderate risk

GPM Broker User Reviews 7.0
Commissions and Fees 6.0
Regulation and Safety 8.5
Account Types 5.6
Deposit and Withdrawal 4.3
Markets and Tradable Assets 7.5
Trading Account Opening 8.0
Customer Support 6.4

GPM Broker Pros & Cons

FOGAIN compensation to retail brokers from Spain in the amount of up to €100,000;
Huge range of available markets — up to 100,000 assets subject to the trading platform;
The broker is supervised by CNMV, the Spanish national regulator;
Four account types each with unique trading conditions;
Over 40 ready-made asset portfolios differentiated by risk level and initial investments;
Access to 50+ stock exchanges in the U.S., Europe, and Asia;
Offices where traders can get personal advice on investment products are located throughout Spain.

No education on the broker’s official website;
GPM Broker withholds intermediary fees for providing trading on partner platforms;
High fees for U.S. stocks and ETFs.

TU Expert Verdict

GPM Broker demonstrates moderate stability and can suit certain traders. Its conditions are acceptable, and feedback is mixed but reasonable. In my own tests, it performed adequately, though it lacks the consistency of higher-rated companies.

Top-5 Brokers Traders Prefer

zForex

8 /10

Regulation Not regulated

EUR/USD 0.1 pips

Plus500

7.6 /10

Regulation Tier-1

EUR/USD 0.5 pips

OANDA

6.9 /10

Regulation Tier-1

EUR/USD 0.1 pips

Trading.com USA

6.9 /10

Regulation Tier-1

EUR/USD 0.9 pips

FOREX.com

6.8 /10

Regulation Tier-1

EUR/USD 0.7 pips

GPM Broker User Reviews

Score:

7 /10

2 total

5-star

0%
4-star

50%
3-star

50%
2-star

0%
1-star

0%

Profitability varied subject to the fund and reached 10% per annum on some of them. Drawdown didn’t exceed 20%-30%, which I considered acceptable. After testing the conditions, I invested in three funds, one of which was designed for 5 years. Profits and losses and small amounts suit me just fine.

My profit over 6 months was about $700 and I invested $20,000 more. I withdrew my profit without delay and paid only $7 for a bank transfer. Unfortunately, you can’t contact the company in a live chat, but managers promptly answer phone calls, so overall I am satisfied with the quality of the broker’s services.

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Commissions and Fees

Score:

6 /10

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

Low Forex trading fees
No inactivity fee
No deposit fee
No withdrawal fee

No ECN/Raw Spread account

Trading Fees and Spread

Below, we evaluated and compared the trading commissions of GPM Broker 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, GPM Broker’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.

GPM Broker Standard spreads
	GPM Broker	ZForex	OANDA
EUR/USD min, pips	0.2	0.1	0.1
EUR/USD max, pips	0.5	0.4	0.5
GPB/USD min, pips	0.3	0.2	0.1
GPB/USD max, pips	0.7	0.6	0.5

Does GPM Broker support RAW/ECN accounts?

As we discovered, GPM Broker does not offer RAW/ECN accounts, which might be a drawback for transparency and liquidity. However, this doesn't make the broker uncompetitive. Consider factors like spread levels, execution speed, regulation, support quality, and trading tools when choosing a reliable broker.

Non-Trading Fees

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

GPM Broker Non-Trading Fees
	GPM Broker	ZForex	OANDA
Deposit fee, % The indicated amount does not include possible fees from payment systems and banks.	0	0	0
Withdrawal fee, % The indicated amount does not include possible fees from payment systems and banks.	0	0	0
Withdrawal fee, USD The indicated amount does not include possible fees from payment systems and banks.	0	0	0-15
Inactivity fee ($, per month)	0	0	0

Is GPM Broker Safe?

Score:

8.5 /10

GPM Broker has a safety score of 8.5/10, which corresponds to a High 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.

Tier-1 regulated

No negative balance protection

GPM Broker Regulators and Investor Protection
Abbreviation	Full Name	Country of regulation	Investor Protection Fund	Regulation Level
CNMV	Full Name Comisión Nacional del Mercado de Valores	Country of regulation Spain	Investor Protection Fund Up to €100,000	Regulation Level Tier-1

GPM Broker Security Factors
Foundation date	2021
Negative balance protection	No
Verification (KYC)	Yes

Account Types

Score:

5.6 /10

GPM Broker offers the following account options: Demo, Standard.

GPM Broker covers the core account types, making it convenient for traders with different preferences and strategies.

Low minimum deposit
Demo account
Standard account with balanced trading conditions

Micro lots are not available
No Swap Free account

GPM Broker account types vs top competitors
	GPM Broker	ZForex	Plus500
Standard	Yes	Yes	Yes
ECN/Raw spread	No	Yes	No
Demo	Yes	Yes	Yes
Cent	No	No	No
Micro	No	No	No
Swap Free	No	Yes	Yes
VIP	No	No	No
Managed	No	No	No

GPM Broker accounts trading conditions

Traders can open accounts with GPM Broker in any of its offices, by phone, or online. Upon confirmation of personal and payment data, choose the platform on which you want to create an account. If you are going to use the platform offered by another company, open the account with this company as well, since GPM Broker is an IB in this case, that is, an intermediary between a trader and the executive broker.

Account types:

Account Type	Description
GPM Professional Broker	This account type allows traders to work on over 100 markets in 22 countries and can be opened on the TWS platform in different currencies. Trades with stocks listed on 50 major stock exchanges are available. The fees for ETFs are 0.1%-0.13% (min. $6/€5); for warrants, they are 13% (min. €5); for options, they are from $1.43/€3 (min. $2/€5); for futures, they are $2.4/€2.4 (min. $3/€3); and for Forex, they are 0.0052% (min. $4/€3).
GPM SV	This account type is for the GPM Online platform that provides for trading underlying assets and derivatives, as well as working with investment funds and pension plans. Traders can entrust executing operations to the sales department by phone. Fees vary and the minimum is €1.1 for stocks.
GPM Swissquote	This account type is available for trading on the eTrading platform. It allows traders to work with over 100,000 financial instruments and invest in low-priced portfolios managed by experts. Fees for stocks start at $5.
GPM Trader	This account type is opened on the SaxoTraderGO platform. It is intended for trading stocks, mutual and stock funds, futures, options, and CFDs, as well as for working with managed portfolios. Fees for futures and options start at $3/€3 per contract; for bonds, fees start from 0.20% of the nominal value; and for ETFs, fees start from 0.1% of the position size.

GPM Broker offers a demo account for training and exploring the platform’s features and trading conditions of the broker.

The broker divides its clients into Minoristas and Profesionales, which influences the trading conditions and the range of available markets.

Deposit and Withdrawal

Score:

4.3 /10

GPM Broker received a Low score for the efficiency and convenience of its deposit and withdrawal processes.

GPM Broker offers limited payment options and accessibility, which may impact its competitiveness.

No deposit fee
Low minimum withdrawal requirement
No withdrawal fee
Bank wire transfers available

BTC payments not accepted
PayPal not supported
Wise not supported

What are GPM Broker deposit and withdrawal options?

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

GPM Broker Deposit and Withdrawal Methods vs Competitors
	GPM Broker	ZForex	Plus500
Bank Wire	Yes	No	Yes
Bank card	No	Yes	Yes
PayPal	No	No	Yes
Wise	No	No	No
BTC	No	Yes	No

What are GPM Broker base account currencies?

A wide range of base account currencies minimizes the need for currency conversion, potentially reducing transaction costs. GPM Broker supports the following base account currencies: USD, EUR, GBP.

What are GPM Broker's minimum deposit and withdrawal amounts?

The minimum deposit on GPM Broker is $1, while the minimum withdrawal amount is $1. These minimums may vary depending on the chosen account type and payment method. For specific details, please contact GPM Broker’s support team.

Markets and Tradable Assets

Score:

7.5 /10

GPM Broker offers a limited selection of trading assets compared to the market average. The platform supports 0 assets in total, including 55 Forex pairs.

Indices trading
ETFs investing
Passive income with bonds

Limited asset selection

Supported markets vs top competitors

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

	GPM Broker	ZForex	Plus500
Currency pairs	55	50	60
Total tradable assets The total tradable assets listed include all available instruments, including CFDs. Due to regional restrictions, certain CFDs may not be offered in some countries. For example, cryptocurrency CFDs are banned in the UK, and the U.S. has restrictions on CFDs.		80	2800
Stocks	Yes	Yes	Yes
Commodity futures	Yes	Yes	Yes
Crypto Cryptocurrency CFDs are restricted or prohibited in certain regions due to regulatory limitations. These include the United Kingdom, China, Egypt, the United States and Canada.	Yes	Yes	Yes
Stock indices	Yes	No	Yes
Options	Yes	No	Yes

Investment options

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

	GPM Broker	ZForex	Plus500
Bonds	Yes	No	No
ETFs	Yes	No	Yes
Copy trading	Yes	Yes	No
PAMM investing	No	No	No
Managed accounts	No	No	No

Trading Account Opening

Score:

8 /10

We successfully registered an account with GPM Broker in 20 minutes. The KYC verification was completed within 2 business days. The minimum deposit amount at GPM Broker is $1.

This is one of the most accessible and hassle-free onboarding procedures on the market.

Low minimum deposit requirement
Fully online account opening process

Account approval may require extra time depending on the documentation.
Registration process may take longer than expected

GPM Broker account opening
	GPM Broker	ZForex	Plus500
Online Registration	Yes	Yes	Yes
Minimum deposit	$1	$10	$100
Mandatory KYC	Yes	Yes	Yes
Registration time (min)	20	8	5
KYC time (days)	2	1	3

Is GPM Broker available in my country?

If you are a citizen of United States, the broker accepts clients from your country.

Please note that availability may vary due to regulatory requirements, so we recommend confirming directly with the broker for the most accurate and up-to-date information.

Account opening details

To start trading on any of the broker’s account types, create a user account on its official website. Below are a few instructions on how to register:

Click the “Abrir cuenta” button at the top of the screen.
To open a registration form, click the “Apertura de Cuenta” button.
In the form, provide your personal information, choose the account type and trading instruments, and create a username and password.
Confirm your email and sign into your user account entering your username and password. Next, complete your profile, link your bank account, upload your documents, and sign the agreement. Deposit funds only after you receive confirmation that the company has approved your registration.

Customer Support

Score:

6.4 /10

Customer support at GPM Broker is available, but response speed and service quality may vary. Some requests are handled efficiently, while others may require follow-ups.

During testing, response times were moderate, and communication depended on the complexity of the request. GPM Broker provides basic support functionality but does not stand out in overall service performance.

Information

Traders can contact technical support from 9:00 to 18:00 (GMT+1) Monday through Friday.

Support is available by phone and email

No live chat on the broker’s website
Support isn’t available 24/7

To communicate with technical support, traders can use these channels:

Telephone;
Email;
Feedback form in the Contact section.

For a personal consultation, visit one of the company’s offices.

Contacts
Foundation date	2021
Registration address	Calle de Montesa 38 (Pasaje Martí) Local 1, 28006 Madrid, Spain
Regulation	CNMV
Official site	https://gpmsv.com/gpmbroker/
Contacts	info@gpmbroker.com +34 91 319 16 84

Best GPM Broker Alternatives

zForex

8 /10

Regulation Not regulated

EUR/USD 0.1 pips

Plus500

7.6 /10

Regulation Tier-1

EUR/USD 0.5 pips

OANDA

6.9 /10

Regulation Tier-1

EUR/USD 0.1 pips

Trading.com USA

6.9 /10

Regulation Tier-1

EUR/USD 0.9 pips

FOREX.com

6.8 /10

Regulation Tier-1

EUR/USD 0.7 pips

FAQs

How is GPM Broker regulated and what level of investor protection is provided?

GPM Broker has a safety score of 8.5/10, which corresponds to a high security level in this review. It is regulated by the Tier-1 regulator CNMV (Comisión Nacional del Mercado de Valores) in Spain, with an investor protection fund of up to €100,000, but it does not offer negative balance protection and was founded in 2021.

What trading and non-trading fees are described for GPM Broker?

The review rates GPM Broker’s overall fee level as medium, with a fees score of 6/10, and notes low Forex trading fees with no deposit, withdrawal, or inactivity fees. For Standard accounts, EUR/USD spreads typically range from 0.2 to 0.5 pips and GBP/USD from 0.3 to 0.7 pips, and the broker does not offer RAW/ECN accounts.

What do user reviews say about overall satisfaction with GPM Broker?

The user satisfaction score for GPM Broker is 7/10 based on 2 reviews, with 50% of ratings at 4 stars and 50% at 3 stars. According to user reviews, this reflects a mixed but moderately positive experience, with no 1-star or 2-star ratings reported in the distribution.

Which markets and investment products are currently available with GPM Broker?

The review states that GPM Broker offers a limited overall asset selection but supports 55 currency pairs, as well as stocks, commodity futures, crypto, stock indices, and options. It also mentions additional investment options such as bonds, ETFs, and copy trading, while PAMM investing and managed accounts are not available.

How is GPM Broker’s customer support described in available feedback?

Customer support at GPM Broker is described as basic, with moderate response times that can vary depending on the complexity of the request. Support is available by phone, email, and a feedback form from 9:00 to 18:00 (GMT+1) Monday through Friday, but there is no live chat and service is not provided 24/7.