GCM Forex is a leading online brokerage that offers 110 financial instruments, including popular currency pairs and exotic ones. This broker takes its obligations seriously and has a complaint ratio of 0.346%. The company also offers a GCM Forex Analysis Assistant, which gives you technical and fundamental analysis on specific financial instruments. You can filter the requests you want to receive based on the category of analysis, date range, and financial instruments. Read on to learn more about GCM Forex.
Minimum trade volume is 0.01 lots
If you are new to trading, you may be concerned about minimum trade volumes. With GCM Forex, you can trade with less than one lot. You can get started with a free demo account and use it to learn about the market. This trading platform has a reputation for fairness and responsible conduct. The complaints ratio is 0.346%, which is a low number to start with. In addition, GCM Forex provides a number of useful tools, including a currency converter, economic calendar, and more. You can filter requests by financial instruments, categories, or dates.
Trading with GCM Forex is easy. Its minimum trade volume is just 0.01 lots. The maximum amount you can trade is 150 lots for EUR/USD, and 100 lots for all other currency pairs. GCM does not charge any commissions or fees, but its minimum deposit is 50,000 TRY, or about 8500 USD. Although this is a small amount, it is still a barrier to entry for many traders, and it can help you to test the waters before you deposit large sums of money.
Leverage is up to 100:1
Aside from a very low leverage of up to 100:1, GCM Forex offers many trading instruments. The company provides a range of trading instruments including currency pairs and CFDs. Traders can trade in positions hedging or scalping without any restrictions. Leverage is based on account equity, so it is important to have sufficient funds to successfully trade. If you are new to forex trading, GCM Forex offers a free demo account with leverage of 100:1.
There are many brokers who offer a high leverage, but if you are new to foreign currency trading, this level is best left to more experienced traders. However, if you’re a new trader, a lower leverage will be sufficient for you. A 1:100 leverage is the standard for major currency pairs, and you should choose it according to your strategy. For example, if you plan on scalping, you can start with a leverage of 50:1.
Trader’s Union review
A Traders Union review of GCM Forex will give you an in-depth look at how this broker’s trading platform compares to other brokers. Its website provides detailed analysis of the market, with videos and written materials for both new and seasoned traders. Traders can also take advantage of a training center, complete with webinars, videos, and written material. Although it may be a market maker broker, GCM Forex offers good transparency and range.
The company uses a proprietary methodology to evaluate brokers. Their analysis is based on over 100 criteria and takes into account the most recent changes in the last 30 days. A standard account with GCM Forex offers 51 currency pairs, 14 stock indices, and 3Bonds. For VIP trading, there are banking and insurance transactions taxes and inactivity fees. There is no minimum deposit or withdrawal amount. Traders Union also offers a demo account with no expiration date, so traders can practice strategies before risking real money.
If you are looking for a reliable forex broker, you can always depend on GCM. The operation of GCM Forex is monitored by a reputable authority, and you can use the free demo account to test out the trading platform. Other services offered by GCM include 24-hour live chat, real-time quotes of currency pairs, and the ECN account that has no spread, which means that you can trade in less time with better prices.
The bonuses offered by GCM forex include a range of trade leverages and different trading lot requirements. These can help you trade in different ways, thereby maximizing your potential. GCM forex also offers a generous amount of trading leverages, up to 200:1, which means that you can trade with as little as a $5 margin. The bonus, however, has restrictions. You can only withdraw a bonus after accumulating enough trading lots.