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0 1 2 3 4 5 6 7 8 9
0 1 2 3 4 5 6 7 8 9
/10

GTCM

Cyprus Cyprus | 5-10 years |
Questionable Regulatory License | Suspicious Operational Region | High Potential Risk

https://www.gtcm.com/

Website

Rating Index

Influence

Influence

D

Influence Index NO.1

United States United States 2.61
Surpassed 15.80% brokers
Business Region Search Statistics Ad Campaigns Social Media Index

Contact

+357 22 300 500
https://www.gtcm.com/
Artemisia Business Centre, 14 Charalambou Mouskou, 2nd Floor, Office 201, 2014 Nicosia, Cyprus.

license Forex License

risk

No forex trading license found. Please be aware of the risks.

Warning: Low score, please stay away!
  • This broker lacks valid forex regulation. Please be aware of the risk!
4

Basic Information

Registered Region
Cyprus
Operating Period
5-10 years
Company Name
Depaho Limited
Email
customer.service@gtcm.com
Contact Number
+357 22 300 500
Company Website
Account Info
Business Region
Verified Site
About Us
Disclosure
Wiki Q&A
Comment

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Official Website

Verified Site

  • gtcm.com
    13.224.127.97
    Server Location
    United States United States
    ICP Registration No.
    --
    Top Visitor Locations
    --
    Creation Date
    --
    Website Name
    --
    Company
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Company Profile

Company Profile

Review summary

General Information & Regulation

GTCM (www.gtcm.com) is a registered EU trademark (no. 018006764) exclusively used as a brand name of Depaho Ltd, a registered Cyprus Investment Firm regulated by CySEC with license no. 161/11 and authorised by the FSCA with license no. 47709 and with an established branch in Spain with registration no. 123 under the CNMV.

Market Instruments

GTCM provides investors with popular financial tradable instruments, including forex currency pairs, precious metals, commodities, stocks, indices, exchange-traded funds(ETFs), etc.

GTCM Minimum Deposit

To meet different types of investors' investment needs and trading, GTCM offers six different accounts for retail users, namely Basic Account ($200-$1999 deposit), Discovery Account ($2,000-$4,999 deposit), Silver Account ($10,000-$14,999 deposit), Diamond Account ($15,000-$29. 999 deposit) and VIP Account ($10,000-$14,999 deposit), 999) and VIP accounts ($30,000-$49,999). Additionally, GTCM has set up professional accounts for professional traders.

image.png

GTCM Leverage

GTCM, as a Cyprus-regulated broker, offers different leverage level for retail traders and professsional traders. For retail traders, teh maximum leverage on major currency pairs is up to 1:30, 1:20 for non major pairs, 1:20 for gold products, and 1:10 for rest of commodities, 1:5 for single stock CFDs. While for professionals, the maximum leverage soar to 1:200 for forex instruments.

image.png

GTCM Spreads

Spreads on retail accounts are 3 pips on EURUSD, 3 pips on EURGBP, 1 pip on Gold, 0.06 pips on Silver, 0.12 pips on Brent Crude Oil, 0.16 pips on Natural Gas, 1.5 pips on Adidas stock, and 1.5 pips on Airbnb stock. In terms of the spread on EURUSD, truly high, many broker offers spread on EURUSD usually between 1 pip to 1.5 pips.

Trading Platforms

GTCM offers traders the WebPROfit trading platform, a user-friendly interface, an easily customizable trading environment, powerful charting capabilities, and sophisticated order management features to help traders trade with ease. However, lack of industry-leading trading platoforms like MT4 & MT5 can be a big drawback for this broker.

Deposit & Withdrawal

GTCM welcomes various deposit and withdrawal methods, including VISA, MasterCard, Maestro, Skrill, Neteller, SafeCharge, 3DS, PayPal, etc.

image.png

Customer Support

The GTCM customer support team can be reached through email, telephone, a contact form, as well as some social media platforms, like instagram, Facebook, Twitter.

Company Profile

  • 5-10 years
  • Questionable Regulatory License
  • Suspicious Operational Region
  • High Potential Risk

Wiki Q&A

Is it risky to trade with GTCM?

Yes, trading with GTCM carries significant risk, primarily due to its current lack of verified regulatory oversight; the broker claims regulation from CySEC and South Africa's FSCA, but both licenses are listed as 'Unverified', which means it operates without the credible financial supervision and client protection mechanisms expected from a regulated entity, resulting in a very low overall WikiFX Score of 1.58.

04-02
United States

What is the license number of GTCM?

GTCM claims two license numbers, but their status is unverified: a Cyprus Securities and Exchange Commission (CySEC) license numbered 161/11 and a South African Financial Sector Conduct Authority (FSCA) license numbered 47709.

04-02
United States

Where is GTCM registered?

GTCM is registered in Cyprus as the company Depaho Limited and has an operational history of 5-10 years, though it lists a business scope designated as suspicious.

04-02
United States

Bagaimana cara menghitung skor WikiFX?

Skor WikiFX dihitung menggunakan model evaluasi multidimensi yang mencakup indeks regulasi, indeks lisensi regulasi, indeks kapasitas operasional, indeks manajemen risiko, serta indeks teknologi platform trading. Skala skor berkisar antara 0 hingga 10 poin dan diperbarui secara berkala berdasarkan perubahan regulasi dan data operasional terbaru.

In a week

¿Cuáles son los organismos reguladores de forex más comunes?

Entre los organismos reguladores más comunes se encuentran la Financial Conduct Authority (FCA), la Australian Securities and Investments Commission (ASIC), la Commodity Futures Trading Commission (CFTC), la Securities and Exchange Commission (SEC), la Cyprus Securities and Exchange Commission (CySEC) y la Monetary Authority of Singapore (MAS). Estos organismos suelen aplicar estándares regulatorios estrictos. En WikiFX es posible consultar clasificaciones de brókers según su entidad reguladora.

In a week

How should I compare different forex brokers to find the best one?

To compare different brokers, investors can make comprehensive judgments from multiple dimensions such as regulatory qualifications, overall ratings, trading environment, account conditions, and user feedback. In general, priority should be given to regulatory status and license information, followed by WikiFX ratings and various indexes (such as risk control, software, and business indexes). At the same time, trading conditions (such as spreads and execution speed) and account information (such as minimum deposit and account types) should also be compared. In addition, user reviews, exposure records, and risk assessment information can also be considered to evaluate broker safety and trading experience from multiple aspects. The WikiFX platform also provides multi-dimensional broker comparison tools. Users can select different brokers for visual comparison and comprehensive analysis, so as to make decisions more efficiently.

04-02
United States

Apa itu WikiFX dan bagaimana membantu investor?

WikiFX adalah platform pihak ketiga yang menyediakan layanan pencarian informasi broker forex serta peringatan risiko. Platform ini mengintegrasikan informasi regulasi, umpan balik pengguna, dan riwayat operasional broker, serta melakukan evaluasi melalui model multidimensi untuk membantu investor memahami kondisi broker secara lebih menyeluruh.

In a week

¿Qué aspectos deben considerarse al elegir un bróker seguro?

Al elegir un bróker seguro, los inversores deben centrarse en factores como la situación regulatoria, la seguridad de los fondos y la transparencia de las condiciones de trading. Generalmente se recomienda priorizar plataformas reguladas por organismos reconocidos como la FCA, la SEC o la ASIC. También es importante verificar si los fondos se mantienen en cuentas segregadas, si la estructura de comisiones es transparente y si existen incidencias relacionadas con retiradas o reclamaciones relevantes. La puntuación de WikiFX y los comentarios de usuarios pueden servir como referencia adicional.

In a week
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