Everyone is familiar with the trading market, even if they don’t understand how it works. After all, who hasn’t heard of the forex market or the stock market? With the increase in popularity of cryptocurrencies, the trading world has been thrust into the spotlight and things don’t seem to be slowing down. The increase in demand for cryptocurrencies has created a lot of interest in the financial markets, with people entering this space in massive numbers. Everyone wants to take advantage of the opportunity of earning hefty returns, something that only the trading world can offer to you.
One of the most appealing features of trading is that it has plenty of options for everyone; you will not run out of options to trade, considering there are thousands of instruments available. In fact, new ones are constantly being added, so traders don’t really run out of options. There is always something new and profitable available. But, one question that you do need to ask is how you will gain access to all of these? How can you start trading? This is where a broker will step in. These are the bridge that takes you into the trading world and you need to sign up with an online broker to dive into the trading world.
However, an important thing to remember is that you don’t need just any broker. If you take a look in the market, you will find a horde of options nowadays. With the surge in online trading, it was expected that the number of brokers will also go up. Nonetheless, this doesn’t mean that any of these brokers will give you good trading services. If you are looking for an optimal trading experience, you will need a broker that can fulfill your needs in the best possible way.
Traders who are able to find a broker capable of doing this are undoubtedly lucky. It is a big challenge, but you can navigate it, as long as you know what to look for. GCG International is one of the brokers that you can consider for your trading needs, but can they live up to the mark?
GCG International Review
|Trading Accounts||Demo account, Real account and Islamic account|
|Assets Coverage||Forex, Stocks, Indices, Commodities, Rate and Bonds, Cryptocurrencies|
|Trading Tools||Charting and Analysis, Order types, Economic calendar|
|Education and Training||Yes|
|Customer Support||24/7 via Phone and Email|
|Security Policy||Know Your Customer (KYC) and Anti-Money Laundering (AML) policies|
|Parent Company||Sage Global LTD|
Global Consulting Group International was founded in 2014 by Sage Global LTD and is based in the Marshall Islands. The team behind this broker comprises of individuals who were part of the trading market, which means they understand what traders typically require. They are providing their services globally and have chosen to focus on forex and CFD (Contracts for Difference) trading. The latter does not require traders to purchase assets physically when trading in the market, as they only deal in contracts. But, before signing up with them, you need to know exactly how capable they are. Let’s evaluate the features offered by GCG International:
- GCG International’s Trading Instruments
Before committing to any broker, it is a good idea to take a look at what trading instruments you will be able to trade. If you have something specific in mind, you need to ensure that the broker offers it or if your goal is portfolio diversification, you have to make sure there is enough variety to make it possible. At GCG International, traders will come across more than 5,000 trading instruments that belong to different financial markets. This allows traders to diversify their investment portfolio as per their preference.
If you are wondering what markets you can trade-in, then you should know that the offerings begin with the foreign exchange market. One of the biggest markets in the world, it has plenty of opportunities to offer. GCG International has added a combination of major, minor and exotic currency pairs for catering to their clients. They also have indices to trade, like the S&P 500, NASDAQ, Dow Jones and more. Stocks are another asset that GCG International is offering to its clients and you can trade shares of some big companies like Amazon.
For those who are looking for safer options, GCG International has lots of commodities like gold, silver, coffee, corn, gas and crude oil to trade. One of the biggest additions that the broker has made to its asset offerings is that of cryptocurrency, with options like Bitcoin, Ethereum and Litecoin available.
- GCG International’s Account Offerings
Using a broker’s services means that you have to open an account with them. GCG International has started their choices with a demo account for their clients. This is something that appeals to a lot of traders because it allows them to trade in a simulated financial market. You can experiment with different trading instruments and not have to worry about losses because this account offers you virtual currency. It imitates the financial market perfectly, which is great for beginners who need to familiarize themselves with how it works.
Most importantly, it is the perfect opportunity for traders to check out exactly what kind of trading platform they will receive when they sign up with GCG International. This is a bonus as you can test the platform to see if you are comfortable with it or not. Even experienced traders enjoy the demo account because they can test new strategies before trying them out in the real market. After you are done with this practice account, you can switch to a real account.
This account can be opened with GCG International with just a small deposit of $250 and you can increase your investment as much as you want. A real account involves real money, which means the risks are quite real, but the trading conditions provided by the broker are also quite supportive, which works in your favor. The spreads start at 0.2 pips and the maximum leverage given to traders is 1:500. A dedicated account manager is also provided for guidance and assistance in making trading decisions.
Another important thing that’s worth mentioning about GCG International is that the broker offers an Islamic account to Muslim traders as well. This is very similar to a real account for trading but does not involve any interest in the form of rollover rates or swap. It has been designed in accordance with the Sharia law.
- GCG International’s Banking Methods
As stated above, to open a real trading account, you have to deposit your money. You cannot make a profit if you don’t invest any money, but how to make the deposit is a question that traders will have. Every broker is different in this regard; you cannot expect to find the same banking methods offered by all the brokers in the market. There is a possibility that they may not offer you the method you want or the choices could be limited. Thus, it is an important feature to evaluate about a broker. Plus, you should also know what charges or commissions you have to pay for deposits and withdrawals.
If they are too hefty, they can easily end up eating into your profits and this is something you wish to avoid at all costs. GCG International offers you several options to choose from when you are ready to add funds. You can use your Visa and MasterCard debit and credit cards for your payments through the broker. If you prefer to use your bank account, wire transfer is also available. In addition, the broker has added some modern payment solutions for their traders. But, the most important thing that you will discover about the broker is that they do not charge any commissions on deposits and withdrawals.
This can be immensely beneficial because it helps in keeping your trading costs under control.
- GCG International’s Verification Process
GCG International is a properly licensed and registered broker due to which they have a proper verification process in place for their clients. Every trader who signs up with the broker first has to complete this process before they can deposit money or withdraw their funds through their platform. This verification procedure involves compliance with the Anti-Money Laundering (AML) and Know Your Customer (KYC) policies. The purpose of these policies is to make the trading platform as safe as possible for the traders.
Under the KYC policy, every trader signing up at GCG International has to provide personal identification information through a government-issued form of ID. In this case, you can provide them with a national ID card, a passport or even a driver’s license. This allows the broker to ensure that you are who you claim to be and there is no case of identity theft. Secondly, traders also have to provide them proof of residence by submitting a bank statement, a credit card bill or a utility bill like gas, electricity or water that shows your address.
As far as compliance with the AML policy is concerned, traders have to use accounts or cards in their own name for making deposits or withdrawals via the broker’s platform. If they use a third party account, GCG International will immediately reject their application. Moreover, they also have to use the same method for making their deposit and withdrawal, as this prevents illegal activities from being carried out.
- GCG International’s Trading Platform
A broker’s trading platform is the most primary offering because this is the software that forms the basis of their services. The platform is equipped with the features and tools that make trading possible and you need a good solution that can meet your needs easily. GCG International has not developed their own trading platform, but they do provide you with a solution, regardless of which device you decide to use for trading purposes. This is because they have provided a trading platform for different formats for accommodating traders with different needs.
But, what trading platform do they offer? GCG International has added the MT4 trading platform for its clients. It is, perhaps, the most popular trading platform that exists in the market today. MetaTrader 4 is well-known for providing traders with a comprehensive set of tools that can enhance the trading process and delivers excellent performance. The broker provides its clients with the option of downloading the desktop client on their Windows or MAC devices. If they do not want this version, they can always try the WebTrader version of the MT4, which is accessible via the broker’s website.
In this case, you don’t need to download it anywhere and just need to long onto GCG International’s website. If that’s not flexible enough for you, the broker also provides MT4 mobile trading apps that can be downloaded on the iOS and Android devices from their respective stores. No matter which version of the MT4 you choose to use, it will provide you with one-click trading, an easy-to-navigate dashboard, trading alerts, custom indicators, advanced charting options and quick trade execution to make the most of your trading.
- GCG International’s Safety Measures
A sense of security is of the utmost importance for traders these days and GCG International’s account segregation and SSL encryption can provide it to a great extent. The former means that the broker keeps traders’ accounts separate from their own. This can prevent any misappropriation and ensure that client funds are only used for trading and for no other purpose. As far as Secure Socket Layer encryption is concerned, it is aimed at protecting the personal information that traders share with the broker upon registration and account opening. When information is encrypted, it cannot be misused by anyone and is only used by the broker for the purpose of providing their services.
After you have evaluated these features of GCG International, it becomes apparent that the broker can fulfill your trading needs to help you benefit from trading opportunities.