GTCM

GTCM offers the WebPROfit platform, which is easy to use and has great charting tools. However, I miss the ability to use MT4 or MT5, which I’m more comfortable with. If you prefer these industry-standard platforms, it might be a drawback, but WebPROfit is still quite capable.

GTCM’s spreads are higher than the industry standard, especially on major pairs like EURUSD. I’ve seen other brokers offering spreads between 1 and 1.5 pips, so GTCM’s 3 pips might be a dealbreaker for me if I’m looking for low-cost trading, particularly for high-volume trades.

GTCM’s spreads are a bit on the higher side. For example, 3 pips on EURUSD is more than what I’m used to, since most brokers offer 1–1.5 pips. However, spreads on commodities like gold and silver are more reasonable. I would need to consider these higher spreads when planning my trades to ensure they don’t eat into my potential profits.

GTCM doesn’t charge direct commissions for retail accounts, which is a plus for me. But, the higher spreads make up for it. I’d be careful with how much I’m trading, especially if I plan to execute multiple trades, as the higher spreads can add up over time.