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GPM Forex broker specializes in providing foreign exchange trading services, the company's official website http://www.gpmfx.com..., the company's legitimate regulatory information BelizeFSCRetail Forex License, United KingdomFCAAppointed Representative(AR) to enhance the security of the company's address

GPM Forex Broker

Basic Information

Registered Region
United Kingdom
Operating Period
--
Company Name
Gemho Priority Market
Abbreviation
GPM
Company employee
--
Company Website
QQ
2682841869
Keywords
Scam Brokers
5-10 years
Suspicious Regulatory License
Suspicious Scope of Business
Belize Retail Forex License Revoked
High potential risk

Company profile

Note: GPM is to operate via the website - http://www.gpmfx.com/#, which is currently not yet functional and no information about the company was immediately available. Therefore, we could only gather relevant information from the Internet to present a rough picture of this broker. Risk Warning This broker has been verified to be illegal and its licence - Belize FSC (license number: IFSC/60/506/TS/17)s regulatory status is abnormal. Also, it has been listed in WikiFX's Scam Brokers list. Please be aware of the risk! Online trading involves significant risk, and you may lose all of your invested capital. It is not suitable for all traders or investors. Please ensure that you understand the risks involved and note that the information contained in this article is for general information purposes only. General Information & Regulation GPM, a trading name of Gemho Priority Market Ltd, is allegedly an offshore forex brokerage registered in the United Kingdom on 12 December 2016, offering the industry-standard MT4 trading platform. As this brokerage's website cannot be accessed, we were unable to obtain further details about its trading assets, leverage, spreads, minimum deposit, etc. As for regulation, it has been verified that GPM has a revoked Financial Services Commission (FSC) license. Note that its regulatory status on WikiFX is listed as “Illegal” and receives a relatively low score of 1.96/10. Please be aware of the risk. Market Instruments GPM advertises that it is a forex broker that mainly offers forex trading. However, more specific information about tradable assets cannot be found on the Internet. Trading Platform Available The platform available for trading at GPM is the world's most advanced and popularly-used MetaTrader4. In any case, we recommend using MT4 or MT5 for your trading platform. Forex traders praise MetaTrader's stability and trustworthiness as the most popular forex trading platform. Expert Advisors, Algo trading, Complex indicators, and Strategy testers are some of the sophisticated trading tools available on this platform. There are currently 10,000+ trading apps available on the Metatrader marketplace that traders can use to improve their performance. Using suitable mobile terminals, including iOS and Android devices, you can trade from anywhere and at any time through MT4 and MT5. Customer Support GPMs customer support can be reached by telephone: 4006080388 and email: info@gpmfxuk.com. You can also follow this broker on social networks such as QQ: 2682841869. Registered office address: 1st Floor 41 Chalton Street, London, United Kingdom, NW1 1JD. Pros & Cons c

Rating Index

How to login to GPM?
gpm Complete Account Guide: Registration, Account Opening, and Login Processes Part One: Account Registration Process How to Register a gpm Account Registering for a gpm account is the first step to accessing its services. The process is straightforward, typically taking just a few minutes. Steps to

  

Gpm Broker - Complete Information Guide

  

1. Broker Overview

  Gpm Broker, officially known as GPM Sociedad de Valores, S.A., was established in 2021. The broker is headquartered in Madrid, Spain, with additional offices located in major Spanish cities such as Barcelona. Gpm Broker operates as a private entity and primarily serves retail and institutional clients seeking access to diverse financial markets.

  Gpm Broker has a significant history, having evolved from a traditional brokerage firm into a modern investment service provider. The company has developed a reputation for offering proprietary investment services and active trading through third-party platforms, including Trader Workstation (TWS) by Interactive Brokers, SaxoTraderGO by Saxo Bank, and eTrading by Swissquote. This evolution marks a milestone in Gpm Broker's commitment to providing comprehensive trading solutions and asset management services.

  As an introducing broker for several internationally regulated firms, Gpm Broker operates within a framework designed to cater to both individual and institutional investors. The business model focuses on retail forex trading, asset management, and providing access to various financial instruments, thus ensuring a broad service offering for its clients.

  

2. Regulatory and Compliance Information

  Gpm Broker is regulated by the Comisión Nacional del Mercado de Valores (CNMV), the Spanish National Securities Market Commission. The CNMV provides oversight to ensure that brokerage firms adhere to stringent financial regulations, thus safeguarding investor interests. The regulatory license number for Gpm Broker is not explicitly stated in the available resources, but it operates under the supervision of CNMV, which is recognized as a tier-1 regulator.

  The broker's regulatory framework emphasizes investor protection through the segregation of client funds, ensuring that clients' assets are held separately from the broker's operational funds. Gpm Broker also participates in the Fondo General de Garantía de Inversiones (FOGAIN), which offers compensation to retail investors in the event of broker insolvency, up to €100,000.

  To comply with international standards, Gpm Broker implements robust Know Your Customer (KYC) and Anti-Money Laundering (AML) measures. These protocols are designed to verify the identity of clients and monitor transactions to prevent illicit activities, thereby ensuring a secure trading environment.

  

3. Trading Products and Services

  Gpm Broker offers a wide array of trading products, including over 100,000 assets across various categories. These include major currency pairs in forex trading, indices, commodities, stocks, exchange-traded funds (ETFs), and contracts for difference (CFDs). The broker provides access to a diverse range of financial markets, allowing clients to trade instruments such as futures and options.

  In terms of forex trading, Gpm Broker supports numerous currency pairs, including major pairs like EUR/USD, GBP/USD, and USD/JPY. The broker's CFD offerings encompass a variety of asset classes, including indices like the S&P 500, commodities such as gold and oil, and a selection of cryptocurrencies.

  Gpm Broker frequently updates its product offerings to align with market trends and client demand. The broker is committed to expanding its product range, aiming to introduce new financial instruments that enhance trading opportunities for its clients. Furthermore, the broker provides tailored services to institutional clients, including white-label solutions and asset management services, catering to a diverse clientele.

  

4. Trading Platforms and Technology

  Gpm Broker provides access to several advanced trading platforms, including the proprietary Gpm Online platform, TWS by Interactive Brokers, SaxoTraderGO by Saxo Bank, and eTrading by Swissquote. These platforms are designed to accommodate both retail and institutional trading needs, offering a user-friendly interface and advanced trading tools.

  While Gpm Broker does not support MetaTrader 4 or 5, its proprietary platform offers robust features such as real-time market data, advanced charting tools, and various order types. The platforms are accessible via web browsers and mobile applications, ensuring traders can manage their accounts and execute trades from anywhere.

  The broker employs a market execution model, facilitating fast order execution and competitive spreads. Gpm Broker's technology infrastructure is backed by reliable server locations, ensuring low latency and high availability for traders. Additionally, the broker offers API access for automated trading solutions, catering to algorithmic traders looking to implement their strategies seamlessly.

  

5. Account Types and Trading Conditions

  Gpm Broker offers several account types to cater to various trading preferences and strategies. The primary account types include:

  • Gpm Professional Broker Account: This account allows access to over 100 markets in 22 countries, with competitive fees and the ability to trade on the TWS platform.
  • Gpm Trader Account: Designed for trading on the SaxoTraderGO platform, this account provides access to a wide range of financial instruments, including stocks, ETFs, and options.
  • Gpm SV Account: This account type is tailored for trading underlying assets and derivatives, with the option to invest in managed portfolios.

  The minimum deposit requirement for opening an account with Gpm Broker is just $1, making it accessible for traders with varying capital levels. The broker offers leverage of up to 1:200 for professional clients and 1:40 for retail clients, allowing traders to amplify their trading positions.

  Gpm Broker features a competitive fee structure, with spreads starting from 0.2 pips for major currency pairs. However, clients should be aware of additional intermediary fees for trading on partner platforms. The broker does not impose inactivity fees, providing flexibility for traders who may not trade frequently.

  

6. Fund Management

  Gpm Broker supports various deposit methods, including bank transfers and credit cards. The minimum deposit requirement varies by account type, with options available for traders looking to start with minimal capital. Deposits are typically processed quickly, although the exact processing times may vary.

  The broker does not charge deposit fees, making it cost-effective for clients to fund their accounts. However, clients should be aware of potential withdrawal limits and processing times, which may vary depending on the method used. Gpm Broker aims to facilitate a smooth withdrawal process, ensuring that clients can access their funds efficiently.

  Withdrawal requests are processed through the same method used for deposits, and the broker strives to ensure timely processing. While Gpm Broker does not impose withdrawal fees, clients should verify any potential charges with their chosen withdrawal method.

  

7. Customer Support and Educational Resources

  Gpm Broker offers customer support through multiple channels, including telephone, email, and a feedback form on their website. The support team is available from 9:00 AM to 6:00 PM GMT+1, Monday to Friday, providing assistance to clients during standard business hours. However, the broker does not offer live chat support, which may limit immediate assistance for traders.

  The broker supports multiple languages, catering to a diverse clientele. While Gpm Broker does not provide extensive educational resources on its website, it offers a demo account for traders to practice their strategies and familiarize themselves with the trading platforms.

  Gpm Broker also provides market analysis services, including daily updates and reports on significant market movements. Traders can benefit from various trading tools, such as calculators and economic calendars, enhancing their trading experience.

  

8. Regional Coverage and Restrictions

  Gpm Broker primarily serves clients in Spain and other European countries, providing access to a wide range of financial markets. The broker has established offices in major cities across Spain, ensuring a strong presence in the region.

  However, Gpm Broker has specific restrictions on clients from certain countries, which may include jurisdictions with stringent regulatory requirements or those identified as high-risk. It is essential for potential clients to verify their eligibility to open an account with Gpm Broker based on their country of residence.

  The broker's regional coverage reflects its commitment to providing tailored services to its clients while adhering to local regulations. Gpm Broker aims to expand its reach, continually assessing market opportunities to better serve its diverse clientele.

  In conclusion, Gpm Broker presents a comprehensive trading platform supported by a wide range of financial products and services. While it is regulated by the CNMV, potential clients should conduct thorough research and consider their trading objectives before engaging with this broker.

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Latest Reviews

FX1274401823

FX1274401823

Australia

The scam company GPM has been established for more than five years, and now the website has been sold. I think they should have scammed enough money and ran away.

37130

2023-02-24

FX1061194759

FX1061194759

United Kingdom

This broker is not trustworthy. They automatically lowered the equity free margin and closed the current running order if we had enough money. The way they run their brokerage is full of mistakes.

37130

2022-11-27

sunrise

sunrise

Hong Kong

I opened an account in March,2017,with a friend’s recommendation.The customer service was out of contact.The website collapsed in early April.I was defrauded of $13000.The fraudster’s information:mobile phone:13162879319.No one answers.

Exposure

2018-04-16

GPM Forex Broker has an overall rating of 1.60, Regulatory Index 0.00, License Index 0.00, Business Index 7.68, Software Index 4.00 Risk Control Index 0.00.