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Pros

Diverse range of investment options, including stocks, currencies, commodities, and more.
Access to multiple trading platforms, providing flexibility for different trading styles.
Regulated by CNMV in Spain, offering some level of investor protection.

Cons

Operates in a regulatory gray area, raising concerns about the safety of investor funds.
High fees for trading U.S. stocks and ETFs, which may deter some traders.
Limited educational resources available on the broker's official website, making it less suitable for beginners.

GPM broker Accounts

GPM Broker Account Types

GPM Broker offers a variety of account types tailored to meet different trading needs and preferences. Here are the main account types available:

  • GPM Professional Broker:
    • Allows access to over 100 markets in 22 countries.
    • Can be opened on the Trader Workstation (TWS) platform.
    • Fees for ETFs range from 0.1% to 0.13% (minimum $6/€5).
    • Forex fees are 0.0052% (minimum $4/€3).
    • GPM SV:
      • Designed for trading underlying assets and derivatives.
      • Minimum fees start at €1.1 for stocks.
      • Allows for the execution of operations via the sales department by phone.
      • GPM Swissquote:
        • Available for trading on the eTrading platform.
        • Provides access to over 100,000 financial instruments.
        • Stock fees start at $5.
        • GPM Trader:
          • Operated on the SaxoTraderGO platform.
          • Intended for trading stocks, mutual funds, futures, options, and CFDs.
          • Futures and options fees start at $3/€3 per contract.

          Additionally, GPM Broker offers a demo account for training and exploring the platforms features.

          GPM Broker Account Opening Process

          To open an account with GPM Broker, follow these steps:

          • Visit the Website: Go to the official GPM Broker website.
          • Account Registration:
            • Click the “Open Account” button.
            • Fill out the registration form with your personal information.
            • Choose the account type and trading instruments.
            • Create a username and password.
            • Email Confirmation: Confirm your email address and log in using your credentials.
            • Complete Profile: Complete your profile by linking your bank account and uploading required documents.
            • Approval: Wait for confirmation that your account has been approved before depositing funds.
            • The minimum deposit varies by account type, with some accounts starting as low as $1.

GPM accounts can be viewed for products that can be traded accounts with a minimum deposit of by (2+) .
GPM Account