GPM 2025 Review: Everything You Need to Know
GPM Broker has garnered a mixed reputation in the financial trading community, with a current overall score of 4.94 out of 10. This rating indicates a higher-than-average risk associated with the broker, as many users express dissatisfaction with their experiences. Notably, GPM offers a wide range of trading platforms and access to numerous assets, but it also faces criticism for its customer support and educational resources.
Note: It is essential to recognize that GPM operates under different entities in various regions, which may impact the trading experience. Our evaluation methodology prioritizes transparency and thoroughness to ensure accurate representation.
Ratings Overview
How We Rate Brokers: Our ratings are based on user feedback, expert analysis, and a comprehensive review of the broker's offerings.
Broker Overview
Founded in 2021, GPM Broker is a Spanish brokerage firm that operates under the supervision of the Comisión Nacional del Mercado de Valores (CNMV), Spain's financial regulatory authority. The broker offers a variety of trading platforms, including SaxoTraderGO, Trader Workstation (TWS) by Interactive Brokers, and eTrading by Swissquote. GPM provides access to a diverse range of asset classes, including stocks, futures, options, ETFs, and CFDs, appealing to both retail and professional traders.
Detailed Breakdown
Regulated Areas: GPM Broker is primarily regulated in Spain by the CNMV, which provides a level of oversight that is considered tier-1. However, there are concerns about the broker's overall trustworthiness, as user reviews often highlight issues with customer service and withdrawal processes.
Deposit/Withdrawal Currencies: GPM allows deposits and withdrawals in multiple currencies, including USD, EUR, and GBP. However, the absence of popular payment methods like credit/debit cards and online payment processors may limit accessibility for some users.
Minimum Deposit: The minimum deposit required to open an account with GPM is remarkably low at $1, which is attractive for new traders. However, traders should be cautious about the potential risks associated with such low entry points.
Bonuses/Promotions: GPM currently does not offer any bonuses or promotions, which may be a drawback for traders looking for incentives to start trading.
Tradable Asset Classes: GPM provides access to a vast array of financial instruments, exceeding 100,000 assets across various markets. This diversity allows traders to explore numerous investment opportunities.
Costs: The broker's cost structure includes variable spreads and commissions that can be considered above average, particularly for U.S. stocks and ETFs. The typical spread for EUR/USD ranges from 0.2 to 0.5 pips, which is competitive but may increase during periods of high volatility.
Leverage: GPM offers leverage of up to 1:200 for professional clients, which can amplify both potential profits and losses. Retail clients, however, are limited to a maximum leverage of 1:40, reflecting a more cautious approach to risk management.
Allowed Trading Platforms: GPM supports several trading platforms, including GPM Online, TWS, eTrading, and SaxoTraderGO. Each platform offers unique features and tools, catering to different trading styles and preferences.
Restricted Regions: While GPM operates primarily in Spain, it is essential for potential clients to verify whether they can access the broker's services from their respective countries, as certain regions may face restrictions.
Available Customer Service Languages: GPM Broker provides customer support in multiple languages, primarily Spanish, which may limit accessibility for non-Spanish speakers.
Repeated Ratings Overview
Detailed Explanation of Ratings
Account Conditions (6.0): GPM offers various account types, including GPM Professional Broker and GPM Trader, allowing traders to choose based on their needs and experience levels. However, the lack of educational resources is a significant downside for novice traders.
Tools and Resources (4.6): The broker's platforms are functional but lack comprehensive educational materials, which can hinder new traders' learning curves. More robust educational offerings would enhance user experience.
Customer Service and Support (5.1): Customer support is available via phone and email, but the absence of live chat and limited operating hours can lead to frustration for traders seeking immediate assistance.
Trading Setup (6.0): GPM provides a reasonable trading environment with access to numerous assets and competitive spreads. However, the overall trading experience could be improved with better customer service and educational resources.
Trustworthiness (5.6): While GPM is regulated by the CNMV, concerns about user experiences and withdrawal issues have raised red flags regarding its overall trustworthiness.
User Experience (6.4): Users generally report a satisfactory experience with the trading platforms, but the lack of educational support and high fees for certain assets could deter potential clients.
In conclusion, GPM Broker presents a mixed bag for traders in 2025. While it offers a wide range of trading options and platforms, potential clients should carefully consider the risks associated with its customer service and overall trustworthiness. As always, thorough research and due diligence are essential when selecting a broker. For a deeper look into GPM, refer to the GPM review on various financial platforms.
