GSDO foreign exchange brokers specializing in providing foreign exchange trading services, the company's official website https://www.gsdo.com/language/list.php?id=24, about the company's legal and temporary regulatory information, the company's address .
GSDO Forex Broker
Basic Information
United States
5-10 years Suspicious Regulatory License Suspicious Scope of Business Vanuatu Retail Forex License Revoked High potential riskCompany profile
Rating Index
GSDO Forex Broker - Complete Information Guide
1. Overview of the Broker
GSDO, officially known as GS Financial Service Limited, was established in 2017 and is headquartered in the United States. As a private brokerage firm, GSDO caters primarily to retail forex traders and institutional clients, providing a variety of trading services. Over the years, GSDO has aimed to expand its market presence and enhance its service offerings, marking significant milestones since its inception. The broker operates under the umbrella of GS Deep Ocean Limited and GS Financial Service Limited, indicating a structured approach to its business operations.
GSDO has focused on creating a user-friendly trading environment, utilizing the popular MetaTrader 4 (MT4) platform to facilitate trading activities. The firm has positioned itself as a key player in the forex market, targeting both novice and experienced traders looking for competitive trading conditions and a reliable trading platform. This information highlights the broker's commitment to serving a diverse clientele while ensuring a robust trading experience.
2. Regulatory and Compliance Information
GSDO operates under the oversight of several regulatory bodies, including the National Futures Association (NFA) and the Vanuatu Financial Services Commission (VFSC). However, it is important to note that GSDO has received a low score of 1.99 from WikiFX, raising concerns regarding its regulatory compliance. The broker's licensing details include:
- NFA License Number: Unauthorized
- VFSC License Number: 0506948
- ASIC License Number: 14875 (Suspicious clone)
Despite the lack of robust regulatory oversight, GSDO claims to implement measures to protect customer funds. This includes segregating client funds from operational funds, a practice that is essential for safeguarding investor capital. Furthermore, GSDO has established KYC (Know Your Customer) and AML (Anti-Money Laundering) compliance protocols to mitigate risks associated with fraudulent activities.
The absence of negative regulatory disclosures during the evaluation period is a positive aspect, yet potential investors are advised to conduct thorough research before engaging with GSDO. The broker's regulatory status should be a key consideration for anyone looking to invest.
3. Trading Products and Services
GSDO offers a diverse range of trading products, primarily focusing on forex trading. The broker provides access to a variety of currency pairs, including major, minor, and exotic pairs. Currently, GSDO supports trading in over 50 forex pairs, catering to the needs of different traders. In addition to forex, GSDO also offers Contracts for Difference (CFDs) on various asset classes, including:
- Indices: Major global indices
- Commodities: Precious metals and energy products
- Stocks: A selection of popular stocks
- Cryptocurrencies: Limited access to cryptocurrency trading
The introduction of new products is conducted periodically, ensuring that GSDO remains competitive in the ever-evolving trading landscape. The broker's retail trading services are complemented by its institutional offerings, which include tailored solutions for larger clients. Although GSDO does not currently provide white-label solutions or asset management services, its commitment to expanding its product lineup indicates potential growth in these areas.
4. Trading Platforms and Technology
GSDO primarily utilizes the MetaTrader 4 (MT4) platform, which is well-regarded for its user-friendly interface and extensive features. The MT4 platform is available for desktop and mobile devices, allowing traders to access their accounts from various devices. However, GSDO does not support its proprietary trading platform, relying instead on MT4 as its primary trading interface.
The broker's trading environment includes:
- Execution Model: GSDO operates on a Market Maker model, which may impact the spread and pricing of trades.
- Server Locations: GSDO has established two servers located in the United States, ensuring reliable connectivity and fast execution speeds for traders.
- API Access: While GSDO does not explicitly mention API access, the integration of MT4 allows for the use of automated trading strategies through Expert Advisors (EAs).
Despite the strengths of the MT4 platform, GSDO's offering lacks some advanced security features, such as two-step authentication and biometric login options, which are becoming increasingly important in the trading industry.
5. Account Types and Trading Conditions
GSDO provides several account types designed to meet the varying needs of its clients. The primary account offerings include:
- Standard Account: This account typically requires a minimum deposit of $100, offering competitive spreads and no commissions.
- VIP Account: Designed for high-volume traders, this account type may have additional benefits such as tighter spreads and personalized service.
- Islamic Account: GSDO offers an Islamic account option to cater to clients who require adherence to Sharia law.
The trading conditions at GSDO include leverage ratios that can vary depending on the asset class, with a maximum leverage of up to 1:500 available for forex trading. The minimum trade size is generally set at 0.01 lots, allowing for flexible trading strategies. GSDO also applies overnight fees for positions held past the trading day, which traders should consider when planning their trades.
GSDO emphasizes transparency in its trading conditions, providing clients with clear information regarding spreads, commissions, and overnight fees.
6. Fund Management
GSDO supports a variety of deposit and withdrawal methods to facilitate seamless fund management for its clients. The available deposit options include:
- Bank Transfers
- Credit/Debit Cards
- E-Wallets: Such as Skrill and Neteller
The minimum deposit requirement varies by account type, with standard accounts starting at $100. Deposits are generally processed quickly, often within one business day.
Withdrawal methods mirror the deposit options, with processing times typically ranging from 1 to 3 business days. GSDO does not charge deposit fees, but withdrawal fees may apply, depending on the method chosen. Clients are advised to review the fee structure before initiating transactions to avoid unexpected charges.
7. Customer Support and Educational Resources
GSDO provides customer support through multiple channels, including:
- Phone Support: Available in English and Simplified Chinese
- Email Support
- Live Chat: During business hours
The broker aims to offer timely assistance, although some users have reported longer waiting times during peak periods. GSDO's support team is generally responsive and knowledgeable, working to address client inquiries efficiently.
In terms of educational resources, GSDO offers a selection of materials, including webinars, tutorials, and market analysis reports. These resources are designed to help traders enhance their skills and stay informed about market trends. GSDO also provides trading tools such as economic calendars and calculators to assist clients in their trading activities.
8. Regional Coverage and Restrictions
GSDO primarily serves clients in the United States and a select number of international markets. The broker has established regional offices to facilitate its operations and provide localized support. However, certain countries are restricted from accessing GSDO's services, including regions where regulatory compliance is not feasible.
The broker actively monitors compliance with local laws and regulations, ensuring that its operations align with the legal requirements of the jurisdictions it serves. Clients are encouraged to verify their eligibility to trade with GSDO based on their location before opening an account.
In conclusion, GSDO presents itself as a competitive forex broker with a range of trading products and services. While it has made strides in establishing its presence in the market, potential clients should carefully consider the regulatory landscape and the associated risks before engaging with the broker.
阿锐
Hong Kong
First, I was invited into the group, where every day there are teachers giving order recommendations and showing screenshots of orders with profits. Then I was asked to open an account to trade together. I did. When I lost money, I was incited to deposited money again after their analysis if the market. I deposited money, but still kept losing. The advisers insisted us not to stop losses and not to stop out, asking me to add positions. The agent of the platform gave irregular order advice. After the losses, I was not allowed to withdrawing money. He also told us to add positions, and then the account directly suffered a forced liquidation, making me lost all. Afterwards, I found that I was deceived. They just deliberately let us lose money. The money that I have earned so hard has been deceived. I checked my bank statement, finding the money went directly to this platform, and did not flow into the market according to normal operations. Then I contacted the platform. When they learned that I wanted to complain about them, they immediately said that they had disqualified the agent and dismissed the account manager. I want to ask If they don't violate the rules, why do you do this? Also, the platform fully acknowledges the reverse advice, but they argue that it was resulted from the agent, and has nothing to do with their platform. I would like to ask: Is the agent of their platform not representative of the platform? Isn't the agency doing everything tacitly approved by the platform? Now that my money has all been lost, they shirked the responsibility immediately. How can you do that? Moreover, I was guided by an "adviser", who caused my losses. These are abnormal losses.
Exposure
2019-03-07