GTCM Journal (Broker out of business)

Journal status: closed
GTCM out of business
GTCM Profile
Website
gtcm.com
Year
2011
Country
Cyprus
Branches
2
Regulation
CySEC Cyprus
Registration
CySEC Cyprus, CNMV Spain
Investor protection
Fund protection
Cyprus Investor Compensation Fund (ICF)
Publicly traded
no
Restricted in
Not serving
х Belgium, Canada, Iran, US
Broker type
MM
Dealing book
A+B hybrid book
Tier
3
Execution speed
...
LPs total
1
LPs quality
Other
LPs names
Naxex Belize

GTCM Accounts
MM
Minimum Deposit
200 $
Leverage
30 : 1
Minimum Lot
0.01 lots
EURUSD spread
3 pips
Commission
0 $/lotRT
Volume
...
Margin Call
50 %
Stop Out
50 %
Execution
Market
Spread
floating
Scalping
no
Deposit & Fees
Deposit methods
Bank Wire, Credit Card, Debit Card, Skrill, Neteller, Klarna, SafeCharge
Base currency
USD
Segregated accounts
yes
Interest on margin
no
Inactivity fee
after 3 months
Update broker

Is GTCM safe?

  • Investor protection: Cyprus Investor Compensation Fund (ICF)
  • Regulation: CySEC Cyprus
  • Registration: CySEC Cyprus, CNMV Spain
  • Publicly traded: no
  • Segregated account: yes
  • Guaranteed Stop Loss: no
  • Negative Balance Protection: yes

Is GTCM trusted?

  • Information transparency: high ★★★★★
  • Customer service: ...
  • GTCM website: highly detailed, updated ★★★★★
  • GTCM popularity (by visitor count): average ★★★

How GTCM works



In relation to individual transactions in CFDs with the Execution Venues, either the Company or Naxex Belize Limited, an investment firm licensed and regulated by the Belize International Financial Services Commission with License No. IFSC/60/389/TS/19, may act as the counterparty to client trades.. It should be noted that Naxex Belize Limited is a member of the group which the Company belongs to.

The Company and Naxex Belize Limited act as a principal on the Client’s behalf as Execution Venues for the execution of Clients’ Orders for Financial Instruments.

“Abusive Trading” shall include any of the following actions such as, , placing “buy stop” or “sell stop” Orders prior to the release of financial data, arbitrage, scalping...



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