GTCM Review – is GTCM Scam or Legit Broker?

GTCM

3.2

Rating

3.2/5

Pros

  • CySEC regulation
  • Client safety mechanisms in place
  • Multiple account types
  • Highly responsive customer support

Cons

  • No USA, Canadian, or Belgian traders
  • No bonuses or promotional offers
  • Difficult to move up to higher-tier accounts (deposit amounts)

GTCM, Global Trading Capital Market, is owned and run by way of a Cypriot investment business called Depaho Ltd. This Forex Currency trading brokerage is totally enrolled by CySEC and it is completely compliant with ESMA (European Securities and Markets Authority) standards. The business is dedicated to the client encounter, and also the potent trading platform which makes it feasible to enjoy entry to the financial stores using rapid executions and tight spreads, along with quality companies. GTCM is at the work of effective interrelation building with customers, together with complete responsibility and transparency offered all through. As a vital player within the Forex stadium, this FX broker provides anytime, anywhere access to the Forex stores to UK traders. PC, tablet computer, or smartphone functionality has been ensured.

Overview/ desktop

GTCM works under its own CySEC (Cyprus Securities and Exchange Commission) permit, together with permit #161/11. It’s owned and run by Depaho Ltd and is currently licensed to offer Forex trading services throughout the FSB (Financial Services Board) of all South Africa with empowerment #47709. All surgeries are headquartered in Nicosia, Cyprus. Among the others, GTCM offers contracts for a gap with over-the-counter trading on a vast selection of financial tools such as stocks, indices, commodities, and Forex pairs. As a result of MiFID II, GTCM is able to passport its services across the European Economic Area (EEA), together with complete transparency, improved investment providers and customer safety.

Additionally, the business which owns GTCM – Depaho Ltd – has been enrolled to offer Forex trading round Europe from the Ukraine, and Switzerland. Various regulatory governments have resisted the Forex trading services with the brokerage, for example: Commissione Nazionale percent Societ e la Borsa (CONSOB) Registration No. 3567, The Comisin Nacional del Mercado de Valores (CNMV) Registration No. 3321, Finansinspektionen (FI), Finanssivalvonta (FIN-FSA), Magyar Nemzeti Bank (MNB) Registration No. K8760859, also partially half of a dozen others. It’s very important to explain this Forex trading brokerage doesn’t offer you some FX solutions to customers in Belgium, Canada, or even the US.

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Account Types

Several accounts kinds are accessible to Forex customers, such as the subsequent options:

Discovery Account – deposits $200 – $9999, together with free training, free of charge e-books, online trading classes, leverage of 1:200, personal account managers, trading insiders, plus click trading.

Silver Account – deposits $10,000 – $29,999, including all of the profits of this Discovery accounts, for example trading fundamental processing for a single month, and disperse discounts on commodity.

Gold Account – deposits $30,000 – $49,999, including all of the profits of the Silver accounts, for example two months of trading fundamental, pop up alarms, disperse discounts on commodity and disperse discounts on indices, and also disperse discounts on all of Forex pairs that are major.

Premium Account – deposits $50,000 – $99,999 with the profits of this Gold accounts, in addition to a couple of weeks of trading fundamental, disperse discounts on most Forex majors, disperse discounts on indices, and also disperse discounts on commodity. Customers also receive absolutely free platform downloads along with to a click trading system, and ample leverage of 1:200.

VIP Account – deposits of $100,000, using trading fundamental access for 4 weeks, disperse discounts on commodity, disperse discounts on indices and disperse discounts on most Forex pairs, for example complementary platform downloads, and you click trading along with also other profits.

Global Trading Capital Market supplies an extensive collection of profits to customers according to their own preferred account form. Full particulars of this Discovery, Silver, Gold, Premium and VIP accounts stinks are retrieved by simply following this link.

Trading Platform/ applications

Clients have access to this WebPROfit trading platform. This could be the Forex trading platform to get GTCM. It supplies a userfriendly interface, together with completely customized trading. Forex customers are going to have the ability to get into a vast selection of trading applications and tools and direct throughout their own browser. This trading platform is created for any time, anywhere access. The internet version with the trading platform is popularly referred to as PROfit, plus it doesn’t require any plug-ins/downloads.

Among the many profits of this trading platform is multilingual functionality, accessing multiple accounts from mobile and web versions, and easy access from any computer (smartphone, tablet, phablet, PC or Mac). Thanks to GTCMs smartphone functionality, it is possible to trade a wide range of financial instruments on the go, including commodities, shares, indices and FX direct from your screen. These apps are available from the Google Play Store, and the App Store.

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Deposit options

Currency traders will find all the deposit options listed under the account funding page. The main funding methods include e-wallets, wire transfers (takes 5 business days), debit cards (instant payments), and credit cards (instant payments). When using any of these deposit options, clients will be required to show proof of the actual card for credit card/debit cards, as well as statements with the name/address of the account holder. The security procedures are designed to safeguard client accounts from fraudulent activity. Full verification is in place to ensure that all trading activity is undertaken by the client himself/herself.

Markets

There are 4 broad categories of stores available to clients, as well as cryptocurrencies. The major categories include shares, Forex, commodities, and indices.

Stocks: These are all traded in CFD format and include dozens of world-class shares from around the world. Options like Telefonica, SwedBank, Pfizer, Peugeot, MTN Group Limited, Erickson, Google, Goldman Sachs Group Inc., Disney, Coca-Cola, Boeing, BMW, Alibaba, Amazon, Apple, Barclays etc.

Forex – these include multiple instruments (pairs) such as CHF/JPY, EUR/GBP, AUD/CAD, AUD/CHF, AUD/NZD, CAD/CHF, EUR/NZD, GBP/AUD, NZD/CAD, USD/JPY, USD/PLN, USD/SGD, USD/ZAR. Majors, minors, and exotic currency pairs are all available to traders.

Commodities – All commodities trading is conducted via CFDs. These include aluminium, gold, silver, tin, zinc, Brent crude oil, coffee, copper, corn, cotton, crude oil, palladium, platinum, sugar, and wheat.

Indices – indices include the ASX 200, CAC40, DAX, Dow Jones, FTSE 100, S&P 500, Nifty, NASDAQ and others.

Other options currently available to traders include CFD cryptocurrency options like BTC/USD, Ethereum, Ripple, Litecoin, Dash, and mini BTC/USD.

Bonuses

At the time of our review, there were no bonuses or promotional offers provided by GTCM.

Customer Support

Forex traders in the UK can easily contact customer support by calling the following telephone number 357-22-300-500, or contacting customer support representatives at the following email address: [emailprotected]. Customer support representatives offer prompt and professional service for technical, banking, registration, regulation, and trading questions.

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The contact us page also provides an assistance request form which provides easy ways for clients to contact customer support (telephone, email, or chat). You simply input your name, country, telephone number, email address, and time of contact. Various other telephone numbers are available, including toll-free numbers and fax numbers. These are listed down from:

  • Office Telephone Number:

357 22 300 500

  • Toll-Free Number:

800-727-400

  • Fax Number:
    Customer Support:

357 22 766 333
357 22 008 346
357 22 008 345

  • Brokerage:

357 22 300 542

  • Operating Hours:

07:00 – 21:00 GMT

Safety

Fortunately, safe and secure Forex transactions are the order of the day at GTCM. This Forex brokerage is fully licensed and regulated by multiple authorities around the world. It is before all else and foremost CySEC regulated. This means that UK traders are protected by the Investor Compensation Fund in the event of a liquidation. Other safety measures currently in place include client fund segregation from corporate accounts, and the regulatory framework that is available to all real-money traders. These include all the following regulatory authorities.

Ease of Use

GTCM differs considerably from many other Forex brokers in terms of ease-of-use. It is quick and easy to obtain started with the registration process, and once you are registered, you can simply click each of the major 4 share categories – Forex, shares, indices, and commodities to choose your preferred financial instruments. The trading platforms are accessible on mobile, tablet and PC, and funding your account is a breeze. Since this broker is fully licensed by the world’s leading regulatory authorities, and subject to strict guidelines, it is easy to trade Forex with complete confidence.

Final Thoughts

UK Forex traders will have no problem navigating this platform. Whether you’re on mobile, or PC, the tailored account types and all the tools and resources available to you will help you to make the right trading decisions based on your strategic goals. A wide range of Forex major pairs, minor pairs, and exotic currency pairs is available, and you can easily obtain in touch with customer support at your leisure.

Internet Site:
www.gtcm.com
Telephone:
357 22 300 500
Legislation:
CySEC
Pairs provided:
CHF/JPY, EUR/GBP, AUD/CAD, AUD/CHF, AUD/NZD, CAD/CHF, EUR/NZD, GBP/AUD, NZD/CAD, USD/JPY, USD/PLN, USD/SGD, USD/ZAR
Minimum Deposit:
$200
Spreads From:
3 PIPs
Max Leverage:
200:1
Markets:
Forex, commodities, indices, and shares