GSM Forex Broker

GSMReview SummaryFounded2019-10-23Registered Country/RegionUnited KingdomRegulationSuspicious CloneMarket InstrumentsPrecious metals/Stock index futures/Crude oilDemo Account/LeverageUp to 1:200SpreadFrom 0.0 pipsTrading PlatformMT5(PC)Min Deposit$100Customer SupportPhone: +44 2084 323 088Email: info@gsmfx.netGSM Information Registered in the United Kingdom, GSM is a brokerthatprovides investors with precious metals, stock indices, futures, crude oil, and other internationally popular trading products. The tradable instruments with a maximum leverage of 1:200. The broker also provides three accounts with a maximum leverage of 1:200. The minimum spread is from 0.0 pips and the minimum deposit is $100. GSM is still risky due to its suspicious clone status, and bad reviews about stock fraud.Pros and ConsPros Cons Leverage up to 1:200Suspicious CloneMT5 availableInaccessible official websiteSpread from 0.0 pipsStock fraudUnspecific transfer time and fee informationNo 24/7 customer supportIs GSM Legit? GSM is regulated by ASIC with license number 001281851, but the current status is 'suspicious clone'.What Can I Trade on xx? xx offers various market instruments, including precious metals, stock index futures, crude oil, and more.Tradable Instruments Supported Crude Oil✔Stock Index Futures✔Cryptocurrencies✔Account Type GSM has three account types: classic, pro, and VIP. Traders who want low leverage can choose classic and pro accounts, while those with a sufficient budget can open a VIP account.Account Type ClassicProVIPMinimum deposit$100$100$5000Spreads from1.6 pips0.0 pips0.0 pipsMax leverage1:2001:2001:200Min. lots0.010.010.01Commission$02 per side per 100000 traded1 per side per 100000 tradedSwap-free Islamic account option✔✔✔GSM Fees The spread starts from 0.0 pips, the commission is from $0. The lower the spread, the faster the liquidity.Leverage The maximum leverage is 1:200 meaning that profits and losses are magnified 200 times.Trading Platform GSM cooperates with the authoritative MT5 trading platform available in PC to trade. Traders with rich experience are more suitable for using MT5. MT5 not only provides various trading strategies but also implements EA systems.Trading PlatformSupported Available Devices Suitable for MT5✔PCExperienced tradersDeposit and Withdrawal The minimum deposit is $100. However, the official website is inaccessible, so transfer processing times, methods, and associated fees are unknown.