GTCM operates under its CySEC (Cyprus Securities and Exchange Commission) license, with license #161/11. It is owned and operated by Depaho Ltd and is authorized to offer Forex trading services through the FSB (Financial Services Board) of South Africa with authorization #47709. All operations are currently headquartered in Nicosia, Cyprus. Among others, GTCM offers contracts for difference with over-the-counter trading on a wide range of financial instruments such as shares, indices, commodities, and Forex pairs. Thanks to MiFID II, GTCM can passport its services throughout the European Economic Area (EEA), with full transparency, enhanced investment services and customer protection.
Additionally, the company which owns GTCM – Depaho Ltd – is registered to offer Forex trading across Europe in the Ukraine, and Switzerland. Various regulatory authorities have sanctioned the Forex trading services of this brokerage, including: Commissione Nazionale per le Società e la Borsa (CONSOB) Registration No. 3567, The Comisión Nacional del Mercado de Valores (CNMV) Registration No. 3321, Finansinspektionen (FI), Finanssivalvonta (FIN-FSA), Magyar Nemzeti Bank (MNB) Registration No. K8760859, and at least half a dozen others. It is important to point out that this Forex trading brokerage does not offer any FX services to clients in Belgium, Canada, or the US.
Several account types are available to Forex clients, including the following options:
Discovery Account – deposits of $200 – $9999, with free training, free e-books, online trading courses, leverage of 1:200, personal account managers, trading insiders, and one click trading.
Silver Account – deposits of $10,000 – $29,999, with all the benefits of the Discovery account, including trading central for one month, and spread discounts on commodities.
Gold Account – deposits of $30,000 – $49,999, with all the benefits of the Silver account, including 2 months of trading central, pop-up alerts, spread discounts on commodities, spread discounts on indices, and spread discounts on all Forex major pairs.
Premium Account – deposits of $50,000 – $99,999 with all the benefits of the Gold account, as well as 3 months of trading central, spread discounts on all Forex majors, spread discounts on indices, and spread discounts on commodities. Clients also receive free platform downloads in addition to one click trading, and generous leverage of 1:200.
VIP Account – deposits of $100,000 +, with trading central access for 4 months, spread discounts on commodities, spread discounts on indices, spread discounts on all Forex pairs, including free platform downloads, one click trading and other benefits.
Global Trading Capital Market offers a comprehensive set of benefits to clients depending on their chosen account type. Full details of the Discovery, Silver, Gold, Premium and VIP account spreads can be accessed by clicking here.
Trading Platform/ software
Clients have access to the WebPROfit trading platform. This is the proprietary Forex trading platform for GTCM. It offers a user-friendly interface, with fully personalized trading. Forex clients will be able to access a wide range of trading tools and resources, direct through their browser. This trading platform is designed for anytime, anywhere access. The web variant of this trading platform is known as PROfit, and it doesn’t require any plug-ins/downloads.
Among the many benefits of this trading platform are multilingual functionality, accessing multiple accounts from mobile and web versions, and easy access from any computer (smartphone, tablet, phablet, PC or Mac). Thanks to GTCMs smartphone functionality, it is possible to trade a wide range of financial instruments on the go, including commodities, stocks, indices and FX direct from your screen. These apps are available from the Google Play Store, and the App Store.
Currency traders will find all the deposit options listed under the account funding page. The main funding methods include e-wallets, wire transfers (takes 5 business days), debit cards (instant payments), and credit cards (instant payments). When using any of these deposit options, clients will be required to show proof of the actual card for credit card/debit cards, as well as statements with the name/address of the account holder. The security procedures are designed to safeguard client accounts from fraudulent activity. Full verification is in place to ensure that all trading activity is undertaken by the client himself/herself.
There are 4 broad categories of markets available to clients, as well as cryptocurrencies. The major categories include stocks, Forex, commodities, and indices.
Stocks: These are all traded in CFD format and include dozens of world-class stocks from around the world. Options like Telefonica, SwedBank, Pfizer, Peugeot, MTN Group Limited, Erickson, Google, Goldman Sachs Group Inc., Disney, Coca-Cola, Boeing, BMW, Alibaba, Amazon, Apple, Barclays etc.
Forex – these include multiple instruments (pairs) such as CHF/JPY, EUR/GBP, AUD/CAD, AUD/CHF, AUD/NZD, CAD/CHF, EUR/NZD, GBP/AUD, NZD/CAD, USD/JPY, USD/PLN, USD/SGD, USD/ZAR. Majors, minors, and exotic currency pairs are all available to traders.
Commodities – All commodities trading is conducted via CFDs. These include aluminium, gold, silver, tin, zinc, Brent crude oil, coffee, copper, corn, cotton, crude oil, palladium, platinum, sugar, and wheat.
Indices – indices include the ASX 200, CAC40, DAX, Dow Jones, FTSE 100, S&P 500, Nifty, NASDAQ and others.
Other options currently available to traders include CFD cryptocurrency options like BTC/USD, Ethereum, Ripple, Litecoin, Dash, and mini BTC/USD.
At the time of our review, there were no bonuses or promotional offers provided by GTCM.
Forex traders in the UK can easily contact customer support by calling the following telephone number +357-22-300-500, or contacting customer support representatives at the following email address: [email protected]. Customer support representatives offer prompt and professional service for technical, banking, registration, regulation, and trading questions.
The contact us page also provides an assistance request form which provides easy ways for clients to contact customer support (telephone, email, or chat). You simply input your name, country, telephone number, email address, and time of contact. Various other telephone numbers are available, including toll-free numbers and fax numbers. These are listed below:
- Office Telephone Number:
+357 22 300 500
- Toll Free Number:
- Fax Number:
+357 22 766 333
+357 22 008 346
+357 22 008 345
+357 22 300 542
- Operating Hours:
07:00 – 21:00 GMT
Fortunately, safe and secure Forex transactions are the order of the day at GTCM. This Forex brokerage is fully licensed and regulated by multiple authorities around the world. It is first and foremost CySEC regulated. This means that UK traders are protected by the Investor Compensation Fund in the event of liquidation. Other safety measures currently in place include client fund segregation from corporate accounts, and the regulatory framework that is available to all real money traders. These include all the following regulatory authorities.
Ease of Use
GTCM differs considerably from many other Forex brokers in terms of ease-of-use. It is quick and easy to get started with the registration process, and once you are registered, you can simply click each of the major 4 asset categories – Forex, stocks, indices, and commodities to choose your preferred financial instruments. The trading platforms are accessible on mobile, tablet and PC, and funding your account is a breeze. Since this broker is fully licensed by the world’s leading regulatory authorities, and subject to strict guidelines, it is easy to trade Forex with complete confidence.
UK Forex traders will have no problem navigating this platform. Whether you’re on mobile, or PC, the tailored account types and all the tools and resources available to you will help you to make the right trading decisions based on your strategic goals. A wide range of Forex major pairs, minor pairs, and exotic currency pairs is available, and you can easily get in touch with customer support at your leisure.