Rating Index
Pros
MT4 supported: GSG offers a trading platform based on MetaTrader 4 (MT4), which is popular among traders for its user-friendly interface and advanced features.
Diverse trading instruments: The broker provides access to various trading instruments, including forex and precious metals, allowing traders to diversify their portfolios.
Potentially low commissions: Some users have reported low fees associated with trading on GSG, which could be attractive for cost-conscious traders.
Cons
Suspicious regulatory status: GSG's claim of regulation by the Financial Service Providers Register (FSPR) is considered suspicious, raising concerns about the broker's legitimacy and trustworthiness.
Reports of withdrawal issues: Numerous complaints from users indicate difficulties in withdrawing funds, which is a significant red flag for potential investors.
Inaccessible website: The official website of GSG has been reported as inaccessible, which may indicate operational issues or a lack of transparency in their operations.
GSG broker Accounts
GSG Forex Account Type
GSG Forex offers three main types of trading accounts to cater to different trader needs:
- Standard Account:
- Minimum Deposit: $10
- Leverage: Up to 1:200
- Spreads: Starting from 1.8 pips
- Commission: None
- ECN Account:
- Minimum Deposit: $500
- Leverage: Up to 1:500
- Spreads: Starting from 0.1 pips
- Commission: $7 per round lot
- VIP Account:
- Minimum Deposit: $25,000
- Leverage: Up to 1:1000
- Spreads: Starting from 0.0 pips
- Commission: $5 per round lot
Visit the Website: Go to GSG Forex.
Select Account Type: Choose the account type that best suits your trading needs (Standard, ECN, or VIP).
Fill Out Registration Form: Complete the online registration form with your personal details, including:
- Name
- Email Address
- Phone Number
- Date of Birth
- Address
- Submit Identification Documents: Provide necessary identification documents such as:
- Valid passport or national ID
- Proof of address (utility bill, bank statement)
Fund Your Account: Make an initial deposit according to the minimum deposit requirements for your chosen account type.
Account Approval: Wait for the broker to verify your information and approve your account.
Start Trading: Once your account is approved, you can log in to the trading platform (MetaTrader 4 or MetaTrader 5) and start trading.
These accounts provide varying trading conditions and are designed for traders of different experience levels and trading volumes.
GSG Forex Broker Account Opening Process
To open a broker account with GSG Forex, follow these steps:
Please note that the process may vary slightly based on regulatory requirements and the specific details of your application.
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