Gusto Fortune Forex Broker

CategoryCompany Info Registered CountryRegistered in Australia, 2 - 5 years, . Regulated StatusASIC-regulated ProductsForex, commodities, stocks, indices Min deposit$100 Max Leverage 1:5001:500 PlatformsMT5 SupportEmail, phone, chat. Multilingual, 24/5. No 24/7. AccountsECN, Standard, CentOverview of Gusto Fortune GFM is a company registered in Australia, established 2-5 years ago, and regulated by ASIC. They offer trading instruments such as forex, commodities, stocks, and indices, with a minimum initial deposit of $100 and a maximum leverage of 1:500. GFM provides trading platforms such as MT5. They also offer 24/5 multilingual customer support and a range of educational resources. In the following article, we will analyze the broker's features from various aspects, providing you with easy-to-understand and well-organized information. If you are interested, please continue reading.GFM Pros and Cons ProsCons Regulated by ASICLimited operating history of only 1-5 years Multiple account types with competitive spreads and commission feesNo mention of bonuses or promotional offers for traders Variety of trading instruments, including forex, commodities, stocks, and indices User-friendly trading platforms, such as MT4 Maximum leverage of 1:500 Most deposit and withdrawal methods are free of chargeRegulated Status Gusto Fortune is regulated by the Australia Securities & Investment Commission. Its registration status is General Registration, the license type is Common Business Registration, and the license number is 646 550 021.Trading Platform Gusto Fortune Markets utilizes the MetaTrader 5 trading platform (MT5), targeting experienced traders. It supports automated trading and provides market signals based on the strategies of experienced traders. MT5 features live quotes, real-time charts, in-depth news and analytics. It can be downloaded for use.Market Instruments GFM offers four main trading instruments: forex, commodities, stocks, and indices. There are over 50 currency pairs, covering majors, minors, and crosses. Trading these instruments enables traders to profit from market fluctuations, given their adequate knowledge and experience in the complex financial markets. However, it also entails risks like market volatility, high leverage, and potentially significant losses.GFM Account Types ECNStandardCent Maximum Leverage1:500--1:200 Minimum Deposit$100$100$30 Minimum SpreadFrom 0from 1.3from 2.5 Commission$3----GFM Spreads and Commissions The account types include ECN, Standard, and Cent. ECN has a maximum leverage of 1:500, a minimum deposit of $100, a minimum spread starting from 0, and a commission of $3. The Standard account has a minimum deposit of $100 and a minimum spread starting from 1.3, while the details of its maximum leverage and commission are not provided. The Cent account has a maximum leverage of 1:200, a minimum deposit of $30, a minimum spread starting from 2.5, and the commission information is not available.GFM's Maximum Leverage GFM offers a maximum leverage of 1:500, which allows traders the potential to amplify their profits and make larger trades with less capital. However, high leverage also significantly increases the risk of losses, especially for traders who lack experience or do not fully understand the risks. High leverage can provide flexibility in trading strategies and potentially competitive trading conditions, but traders should be aware of the potential risks and ensure they have a sound risk management plan.Deposits and Withdrawals: Methods and Fees GFM does not specify the methods and fees for deposits and withdrawals on its official website.GFM Customer Service GFM can be contacted via email (gfmhkhk@gmail.com), phone, and online chat. Its website is available in multiple languages, facilitating customers who use different languages. The customer support staff are knowledgeable and respond promptly to inquiries, which is highly beneficial for customers needing assistance during trading activities. Nevertheless, the company does not offer round-the-clock customer support. This could be a drawback for some traders who require help outside of regular working hours. Moreover, GFM does not support certain social media platforms, and local phone numbers might not be available in some regions. Lastly, there is no dedicated account manager serving all customers, which may disappoint those traders who prefer more personalized service.Conclusion Overall, GFM is an online trading broker that provides traders with popular and mainstream financial instruments, including forex, commodities, as well as a variety of payment methods for deposits and withdrawals. In addition, GFM offers customer support in multiple languages.