GCM Forex Account Type

GCM Forex offers several types of trading accounts to cater to different trading preferences and strategies. The main account types include:

• Standard Account
• Minimum Deposit: 50,000 TRY
• Spread Type: Floating
• Minimum Order Size: 0.01 lots
• Commission: No additional commission on trades
• Trading Methods: Scalping and hedging are allowed
• ECN Account
• Minimum Deposit: 50,000 TRY
• Spread Type: Zero spreads
• Commission: $5 per lot
• Minimum Order Size: 0.01 lots
• Trading Methods: Direct market access with faster execution
• Demo Account
• Features: Free to open for practice, can be reopened after the trial period
• Validity: Valid for 30 days, with unlimited demo accounts available

These accounts allow traders to engage in various financial instruments, including forex, commodities, indices, and stocks.

GCM Forex Broker Account Opening Process

Opening an account with GCM Forex is a straightforward process that involves several steps:

• Visit the GCM Forex Website
• Go to the official website: GCM Forex
• Select Account Type
• Choose the desired account type (Standard, ECN, or Demo).
• Registration
• Click on the "Open a New Account" button.
• Fill out the registration form with personal details such as first name, last name, phone number, and email address.
• Create a secure password and select the account currency.
• Verification
• After registration, verify your account by providing necessary documents such as a photocopy of your ID and proof of residence.
• Funding Your Account
• Deposit a minimum of 50,000 TRY via wire transfer or electronic funds transfer (EFT).
• Start Trading
• Once your account is funded and verified, you can start trading on the GCM Forex platform.

By following these steps, traders can easily set up their accounts and begin their trading journey with GCM Forex.