Company Profile
Company Profile
Review summary
| GVD Markets Review Summary | |
| Founded | 2023 |
| Registered Country/Region | Cyprus |
| Regulation | CYSEC, FSC/FSA (Offshore) |
| Market Instruments | CFDs on forex, indices, metals, energies, stocks |
| Demo Account | ✅ |
| Leverage | / |
| Spread | / |
| Trading Platform | MT5 |
| Min Deposit | / |
| Customer Support | 9:00 to 18:00 Monday - Friday Cyprus local time (EEST or GMT+2 during the summer months and EET or GMT+2 during the winter months) |
| Contact form | |
| Email: gvdcncs@gvdmarkets.com | |
| Phone/Fax: +0035725250025 | |
| Address: 61, Griva Digeni A&V COURT office/Flat 401 Agios Nikolas, 3301, Limassol Cyprus | |
GVD Markets abides by the regulations set forth by CySEC, FSC and FSA. Traders can access a wide selection of financial products through MT5 trading platform. However, the trading conditions are not clarified openly on their website.
Pros and Cons
| Pros | Cons |
| Regulated by CYSEC | Limited information about trading conditions |
| Security measures provided | Deposit and withdrawals fees charged |
| Demo accounts available | No 24/7 support |
| MT5 available |
Is GVD Markets Legit?
GVD Markets is regulated by three authorities: the Cyprus Securities and Exchange Commission (CySEC), the Financial Services Commission in Mauritius (FSC), and the Seychelles Financial Services Authority (FSA).
The license type with CySEC is Straight Through Processing (STP), and the license number is 411/22. This means that GVD Markets operates as an intermediary between traders and liquidity providers without intervening in the trade execution process.
With the FSC in Mauritius and the FSA in Seychelles, GVD Markets holds Retail Forex Licenses. But both of them belong to offshore regulation.
Besides, it also offers many security measures including segregation of funds, Negative Balance Protection and investor compensation fund. The Investor Compensation Fund aims to protect covered clients by compensating them for claims against Fund members who fail to meet their obligations. Additionally, they provide Negative Balance Protection, the balance available in their trading accounts.
What Can I Trade on GVD Markets?
GVD Markets provides more than 100 financial derivatives, such as foreign exchange, indices, metals, energies (Brent crude oil and West Texas Intermediate crude oil) and stocks.
| Tradable Instruments | Supported |
| Forex | ✔ |
| Indices | ✔ |
| Metals | ✔ |
| Energies | ✔ |
| Stocks | ✔ |
| Cryptocurrencies | ❌ |
| Bonds | ❌ |
| Options | ❌ |
| ETFs | ❌ |
How to Open an Account on GVD Markets?
To open a live account, simply complete an online questionnaire and submit the necessary documents. Once your registration is reviewed and approved, you can fund your account and begin trading. You will need to provide clear color copies of the following documents:
- A copy of your passport or ID card that clearly displays your full name, date of birth, passport or ID number, and expiration date.
- A recent utility bill (dated within the last 3 months) that includes your full name and address.
Trading Platform
GVD Markets offers MT5 trading platform to trade on their products. With its advanced and user-friendly interface, the MT5 platform facilitates trading experiences, allowing clients to analyze markets, execute trades, and manage their portfolios with precision and ease.
Deposit and Withdrawal
GVD Markets provides numerous money transfer options, including bank cards, bank wire transfers, and credit cards like VISA and Mastercard. They accept USD and EUR, with no fees for deposits. However, GVD Markets does not permit deposits made using a third party's credit card; the name on the account must match the name on the card. More details can be learn about through: https://www.gvdmarkets.eu/deposits-withdrawals/
| Payment Methods | Accepted Currencies | Deposit Fee | Withdrawal Fee | Deposit Time | Withdrawal Time |
| Visa | EUR, USD | ❌ | 3.25% + 2.50 Euro per transaction | Instant | 1 Work Day |
| Mastercard | EUR, USD | ❌ | |||
| Bankwire | EUR | Depends on different services, i.e. account opening fee: €150; Account Maintenance Fee: €20 and so on | Depends on different services, i.e. account opening fee: €500; Account Maintenance Fee: €20 and so on | 3-5 Work Days | |
FX4275582912
Indonesia
always ask for a deposit so that withdrawals can be processe
Exposure
FX4275582912
Indonesia
I cannot withdraw my funds because they are subject to tax and I am required to pay the tax first, and I have paid income tax of 2800 USDT, but my withdrawal has not been processed yet. Please help.
Exposure
Entah Chi
Indonesia
Withdrawal not processed at GVD Market... Is GVD Market a scam broker??
Exposure
FX2029284329
Hong Kong
After using it for a while, let me share my real feelings: The platform's trading stability is still acceptable, most of the time orders don't get stuck! The spread is also at a normal level! Trading costs aren't too high. Overall deposit and withdrawal speeds are okay, just sometimes! The arrival might be a bit slower, but they all arrive eventually. The customer service response attitude is decent, problems can be solved, average!
Neutral
FX2427498034
Hong Kong
It's okay! Overall, it's not a disaster, but it's not very exciting either! The deposit and withdrawal process is quite smooth, which is a good point. But when doing short-term high-frequency trading on gold XAUUSD, the stability really needs to be improved! Customer service response is slow, and problem handling is not great. Hope the platform quickly optimizes these.
Neutral
FX1902881097
Hong Kong
Overall experience is average, stability in high-frequency trading scenarios needs improvement. When doing short-term XAUUSD gold trading, order execution occasionally experiences slippage, especially when market volatility is intense, the deviation between the execution price and the expected price becomes significantly larger; transaction delays during certain periods also affect the trading rhythm. The deposit and withdrawal process is relatively smooth, but customer service feedback is not timely enough, and problem resolution efficiency is relatively low. It is hoped that the stability of trade execution and customer service response speed can be optimized in the future.
Neutral
benson7900
Malaysia
I've had a very positive experience trading with GVD Markets. The platform is stable and easy to use, with access to both MT4 and MT5, and execution has been smooth during active market hours.
Positive
FX3880204010
Hong Kong
This platform is really smooth to use, and gold trading doesn't lag or have slippage. It's quite comfortable making profits throughout the day. Deposits and withdrawals also don't have any issues, and customer service responds quickly. I plan to use it for long-term trading.
Positive
FX3378706920
Hong Kong
How should I say it! It's average! Occasionally, there are minor hiccups during daily trading. For example, when trading XAUUSD gold, sometimes the execution speed for some orders is not very stable, and there are times with noticeable delays. Occasionally, there are spread fluctuations that don't match expectations. Ah! The efficiency of customer service handling feedback is not high, and the follow-up on issues is not timely enough! Hopefully, the platform can optimize these details in the future to improve trading stability.
Neutral
FX8266532032
Hong Kong
This forex platform's experience is mediocre, not very satisfactory, occasionally there are minor hiccups, slow trade execution, slow service response, hoping the platform optimizes these issues more.
Neutral
FX1240697963
Hong Kong
During my time using GVD Markets, the overall experience has truly exceeded expectations! The trading platform is particularly stable, market updates are fast, and I've never encountered any order delays or slippage. The spreads are also much lower than the platform I used before, making the trading costs very friendly. Deposits and withdrawals are both very fast, arriving in the account not long after submitting the application, and there are no additional fees. Customer service responses are also timely; any issues I bring to them are resolved quickly. I feel very reassured using it throughout and plan to trade here long-term.
Positive
FX3591551852
Hong Kong
As a newcomer to forex, GVD Markets gave me a very good experience! The interface operation is very simple, the trading process is not complicated, and it's easy to get started. The trading process is smooth, placing orders and closing positions are very smooth, and there has been no delay. Deposits and withdrawals are also transparent, the arrival speed is fast, there are no hidden fees, and the customer service is very patient, answering my questions step by step. The overall feeling is very reliable and worth recommending to friends around me.
Positive
FX3094607668
Hong Kong
I've been using it for almost two months, this platform hasn't been a disappointment. When trading, there's no lagging or slippage, the spreads are much lower than the platform I used before, saving a bit of cost on every order. Deposits and withdrawals are also fast, funds arrive without delay, and there's no random deduction of fees. Customer service is also reliable; when I ask them questions, they basically reply instantly, and their attitude is good too. Overall, it's quite hassle-free to use, and I plan to continue using it.
Positive
FX3970491975
Hong Kong
This forex platform is amazing to use! The trading is very smooth, with no order delays or slippage, the spreads are low, and the costs are friendly. Deposit and withdrawal speeds are fast, funds arrive promptly, there are no hidden fees throughout the process, customer service responds quickly and has a good attitude. Overall, it feels very secure to use, and I plan to trade here long-term.
Positive
FX1655043039
Hong Kong
Easy to trade, stable platform without order lag; customer service attitude is good and replies promptly. Overall usage experience is good👍
Positive
FX2518627158
Hong Kong
It feels good to use, customer service response is also good, communication is timely, attitude is good, very timely, trading is also relatively open and transparent
Positive
我来哄你1314
Hong Kong
Having traded gold for so long, I've used quite a few EAs, but GVD truly changed my perspective! The EAs I used before either traded recklessly or blew up as soon as market conditions hit. This live trading session with GVD directly proved me wrong: The trading throughout the entire day of October 9th had exceptionally stable drawdown control. Most trades exited with small profits, and the overall returns were directly maximized. No need to stay up late watching the market, no need to agonize over long or short directions, finally no longer anxious about trading. Sincerely recommended to friends who want to trade gold with peace of mind, as shown in the figure below.
Positive
FX4159892099
Hong Kong
Customer service response is relatively timely, communication is quite good, feels average, okay. Trading is also quite open and transparent, as shown in the image below.
Positive
FX1549192983
Malaysia
I started using it on a friend's recommendation, and the experience has indeed been good. The customer service is professional with a good attitude and high response efficiency. The platform interface is also easy to use and not too complicated for beginners.
Positive
LeeWaiKit
Hong Kong
The customer service attitude is good, and they always patiently and clearly provide guidance whenever there is a problem.
Positive
Wilsonyou
Singapore
I’ve contacted support a couple of times, and each time they responded promptly and clearly. It gives some confidence knowing help is there when needed. My experience has been stable and withdrawals are handled normally without unnecessary delays.
Positive
FX9272177132
Malaysia
Great range of account types to suit different traders. I started small and upgraded easily, very flexible and user-friendly. From my experience, spreads are competitive, especially on the higher-tier accounts.
Positive
FX2809202650
Hong Kong
This forex software is quite good to use, the market data is accurate, it doesn't lag, trading is smooth, and I'm very satisfied with using it during this period.
Positive