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GCM Forex

Cheated by a financial organization, does not withdraw money? Do you want to check the financial company?

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    GCM Forex Broker - reviews of fraud and theft of money

    Official website of GCM Forex offers its clients exclusively Turkish layout, so it will be very difficult for users to familiarize themselves with the terms of cooperation. The representatives of the financial company themselves write that they are professionals in their field and can provide their clients with the most favorable conditions. They mainly focus on their innovation and high level of safety. At the same time, we were able to find out that the broker recently changed its name due to numerous complaints about its service. Previously, this company was called GCM Yatirim, but this name appeared too often on blacklists.

    No clear statistics are provided regarding the effectiveness of the project, so it is unknown how many users used the project’s services, and there is also no data regarding turnover financial company GCM Forex. Our experts also emphasized that the founders of the brokerage organization try not to publish their personal data. This is done in order not to be held responsible for the results of the service in the future. It is obvious that this platform is more of a scam than a truly high-quality and reliable one. Professional traders also try to avoid this project, preferring truly transparent and safe services.

    Forex Rating specialists decided to check real information regarding the terms of cooperation with this office, as well as find real customer reviews of the service. This helped us determine the level of legitimacy and reliability of the company. The results of our examination can be found below.

    Status

    SCAM

    Year of foundation

    2012

    Affiliate program

    No

    Regulation and jurisdiction

    Turkey

    Website

    https://www.gcmyatirim.com.tr/

    Contacts

    +0212 345 0 426

    [email protected] 

    Old Buukdere Cad. Park Plaza. No.:14 Floor:14 Maslak Saryer / Istanbul – Turkey

    Pros
    • Several high-quality trading terminals for profitable trading
    • Trading of cryptocurrencies, binary options and precious metals available
    • High-quality 24/7 support for traders via online chat
    Cons
    • The minimum deposit is too high - 50,000 Turkish lira (more than $1,500)
    • No official license
    • Anonymity of the founders of the financial company
    • No affiliate program provided
    • The Russian-language layout is not provided on the official page
    Trading Platform

    GCM Forex Platform

    Mobile Platform for iOS, Android

    MetaTrader4 (MT4)

    GCM MT5

    Types of accounts

    Demo Account

    Standard Account

    ECN Account

    Currency

    USD, EUR, TRY

    Deposit/withdrawal

    Credit cards Visa/Mastercard/Maestro

    Electronic wallets

    International payment systems

    WireTransfer

    Min Deposit

    50 000 Turkish lira

    Leverage

     1:100

    Financial Instruments

    Currency pairs, cryptocurrency, indices, CFDs on commodities, precious metals, shares of large international companies, energy

    Order execution

    Market

    Trading Features

    A financial company that offers its clients favorable conditions for stable trading on the international market, providing users with a wide range of instruments and trading assets for higher income.

    Competitions and bonuses

    None

    Terms of cooperation with GCM Forex

    To get started, you are offered to immediately open a new account. Its registration does not take much time and requires potential clients to fill out a questionnaire. You will need to enter your contacts, as well as some personal data. At the same time, the broker provides verification, which involves providing the service administration with your documents. Only after this will consultants contact you and tell you about further actions. After logging in GCM Forex personal account you will get full access to the trading terminal, as well as the mobile application. This will help you constantly monitor the market situation and analyze further steps to implement trading orders.

    They try to lure users in a variety of ways. In particular, they are guaranteed the provision of a demo account on which inexperienced traders can test the operation of the financial platform using virtual deposits. However, this option also involves certain fees and commissions, which makes it not so attractive to clients. Among the main accounts, the following options stand out:

    • Standard Account – does not provide a brokerage commission, hedging and scalping are available, high spreads up to 15 points;
    • ECN Account – designed for professional traders, the service of preliminary brokerage processing of orders is included.

    It is important to note that both accounts have the same minimum deposit, which starts from 50,000 Turkish lira. Swaps are also provided, which are charged if a position is rolled over to the next day.

    Representatives of the financial company also claim that users can count on a high-quality educational platform that contains a lot of materials regarding trading. The scammers emphasize the maximum assistance from specialists, which will be provided to beginners immediately after registering on the official page of the service. However, at the same time broker GCM Forex does not provide an affiliate program that could guarantee traders a guarantee of additional passive income. Instead, clients are promised high-quality technical analysis of the account, which inherently will not bring any benefit to traders.

    Security of working with a broker

    There is a separate tab on the official page of the service, which provides information regarding security. However, they all raise very fair suspicions. Among other things, it is worth noting that GCM Forex not officially registered, as the registration data turned out to be fake. There are also questions regarding the license. The website says that the broker is controlled by one of the most authoritative regulators in the UK, the FCA. However, in reality it turned out that the name of this office does not appear in any register of financial commissions. It is also important to note that contacts are just as fake as other data.

    As a result, users will not be able to contact service representatives or consultants to solve a specific problem related to the operation of the terminal. Our experts also highlighted the lack of a high-quality client agreement. The scammers decided not to bother with this and provide only one provision containing data regarding the terms of use of the platform. However, all the points in this document are standard pitfalls that are designed to deprive traders of the opportunity to independently manage their money. This is aimed at depriving customers of their deposits and putting them in their own pockets in the shortest possible time.

    Expert opinion

    Eugene Rudenko

    On the Internet you can find many financial companies that guarantee users a wide range of quality services in the field of trading and profitable investing. At the same time, not every service is truly capable of guaranteeing secure cooperation to its clients. Today it is very easy to fall into the clutches of scammers, of whom there are too many scattered on the Internet. Therefore, experts strongly recommend that users choose a truly high-quality financial assistant with a good reputation and official documents indicating its legality. A thorough study of the documentation, as well as customer reviews regarding the results of working with a particular service, will help you with this. This will protect your funds from the next scam that is after your money.

    Want to spread the word about your company or have you been in a negative review? Contact the portal editorial office right now

    Which GCM Forex reviews?

    There was quite an impressive number of comments online that vividly described to us the process of cooperation with this charade. Users write that it is impossible to make even a minimal profit with this broker, since scammers try to block an account with a large amount on it as quickly as possible. IN reviews about GCM Forex We are also talking about constant problems in the operation of the trading terminal and mobile application. Judging by the feedback from traders, the terminal can cancel the account automatically at any time. It will not be possible to get your money back, since once you have signed an agreement regarding the use of the platform, you will not be able to get your deposit back.

    Compensation for this scam is also not provided, so users simply lose their money, savings and the chance to further solve the problem.

    Expert verdict about the company

    Financial company GCM Forexpositions itself as a high-quality and reliable broker, offering its clients very favorable conditions for high earnings. However, upon closer examination, it turned out that the project is run by scammers who do not actually provide any real benefits to their clients. On the contrary, they do everything to leave you without money as quickly as possible. This pseudo-broker does not provide any legal documentation or external regulation. All registration data turned out to be just as fake as the contacts, which are unsuitable for maintaining contact with consultants and service administrators.

    Traders’ comments also showed us that there can be no talk of any profitable and promising cooperation with this swindle. They note the complete irresponsibility of the project organizers and the immediate cancellation of accounts. Therefore, we definitely cannot recommend you GCM Forex, since the scammers who founded the project are simply after your money.

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    FAQ

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    How do customer reviews influence GCM Forex on the company's rating?

    Customer reviews are one of the main criteria influencing the reputation and position of a broker in the ranking of reliable companies. View reviews of GCM Forex You can on the main broker profile page.

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    How to write a review about cooperation with GCM Forex rating?

    You must register on the official website of the Rating Forex. This procedure is free and will take very little of your time. To confirm your registration, you will receive an email with a link where you will find detailed instructions on how to leave a review about the company GCM Forex.

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