GCG International Review- Essential Questions to Ask about the Broker

  • 4 weeks   ago

Over the years, the financial market has undergone a number of changes and has evolved in various ways. Even though trading does have some serious risks attached to it, this hasn’t stopped new investors from entering the market because there is a whole lot of profit to be earned as well. While every trader intends to make the most profit from their trading activities, it should be noted that this will not always come so easily. Any trader wishing to make profits from the financial market need to know how they work, such as the trends, risks and the tools that can be used.

Despite the high volatility and risks associated with trading, people have been drawn towards it due to the potential of returns that no other activity can provide. The most important thing to know is that this market is capable of accommodating everyone; the number of brokers and platforms being introduced on a regular basis are giving more and more opportunities for people to pave their way in the trading space. Hundreds of brokerages have already been established to help traders in establishing themselves in the financial markets. They serve as the backbone because they provide traders with access to the assets, the tools and the platform.

The problem is that not every broker is the same. You would obviously want a broker that can be trusted and also offers you optimal trading conditions and everything that’s up to the mark. However, finding one that fits this criteria is easier said than done. Every broker will promise to help you make big returns, but this doesn’t mean that they can actually do it. It is up to you to do your due diligence in order to ensure you are not choosing a broker you are not comfortable with. Traders who don’t make the right choice have to struggle a lot because they just don’t have access to what they need.

If you don’t want that to happen to you, then your priority should be to find out everything about a particular brokerage before signing up with them. In today’s age of the internet, this doesn’t seem impossible and as long as you are thorough, you will find out everything relevant. GCG International is one of the brokers that you can check out when you are considering the options you have. GCG is an acronym for Global Consulting Group International. This brokerage firm caters to traders worldwide, which is made apparent from the fact that their website is available in four different languages; English, German, Polish and Russian.

Overview of GCG International

It was founded in 2014 by a group of former traders who have had some experience in the market. Its parent company is known as Sage Global LTD and the broker specializes in offering forex and CFD trading services.

Broker

GCG International

Website

https://gcginternational.com/

Trading Accounts

Demo account, Real account and Islamic account

Minimum Deposit

$250

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

If you are wondering whether to select GCG International for your trading needs or not, there are some essential questions you should ask about their offerings and services. What are they? Find out below:

What Kind of Security does GCG International Offer?

When you have to choose a broker, one of the first things you need to consider is security. This is not something to be ignored because you want your personal information and money that you share with a broker to be safe. Cyberattacks are not uncommon and hackers could easily steal your money or sensitive data if a broker does not have appropriate security protocols in place. If the brokerage you choose does not have the capability of protecting you, what is the point of availing their services?

Therefore, you need to know what GCG International has done when it comes to security. For protecting the funds deposited with them, the broker has maintained separate and segregated accounts for its customers. The company’s own funds are not kept with clients’ funds. The latter are only used for trading purposes and not by the broker for its own operations and expenses. This assures traders that even if the broker goes bankrupt, your funds remain secure and are not used for paying the broker’s obligations.

To protect the information they accumulate, GCG International has used high-end encryption for keeping it safe. Third parties or unauthorized individuals cannot use this data unless they have the decryption key, which is not shared with anyone.

What Type of Trading Platform is Provided at GCG International?

Everyone talks about the traders’ experience, but what does that mean? On what does this experience depend on? It is the trading platform that plays the most prominent role in a trader’s experience with any broker. If the platform is not up to a certain standard, traders will struggle when opening and closing positions and will not be able to profit as much as they expected. In contrast, dependable and good platforms can help traders in achieving the goals they have set. GCG International, unlike some other brokers, has not developed its own trading platform.

Rather, the broker has chosen to add the MetaTrader 4 suite of trading platforms to its offerings. The MT4 is one of the most reputable trading solutions in the market, which have been specifically designed for those who have a serious interest in trading. This platform is equipped with every feature that one can require for a smooth and easy trading experience. The MT4 provides users with the latest market news and updates on daily trends. It is integrated with various analysis and advanced charting options. These can be used for analyzing market trends to make profitable decisions.

This platform is suitable for both beginners and experienced traders alike, thanks to its intuitive and easy-to-master interface. Traders can also benefit from a growing trading community online. They can also take advantage of pattern recognition tools that can identify market trends, along with any new opportunities. This can help traders in strategizing when to enter and exit a trade. The MT4 also gives custom indicators that can come in handy for auto trading. However, the most notable thing you should know is that GCG International gives you the option of selecting which version of the MetaTrader 4 you wish to use.

The broker offers you the desktop client that can be downloaded on both MacOS and Windows. But, if you do not want to be limited to one device for trading, GCG International also gives you the WebTrader. This version of the MT4 is accessible through the web browser on any device. This cross-device functionality is very appealing and also saves you from having to download and install the platform, along with having to update and maintain it. However, if you are looking for even more flexible options, the MT4 mobile trading apps for iOS and Android systems are also available. They are easy to download and come with powerful features to help throughout trading.

What Assets can You Trade at GCG International?

There are literally thousands of financial instruments that can be traded in the market nowadays. With such a huge range of instruments, it is possible for every trader to find something they can trade as per their risk tolerance. This is one of the biggest benefits of entering this space, but you need to find a broker that can give you access to these options. When you sign up with GCG International, you will be presented with the opportunity of trading more than 5,000 financial instruments. These belong to different asset categories and you can select the one that suits you.

The options start with the forex market, the biggest and most liquid market in the world. There are various currency pairs, including major, minor and exotic currency pairs. You can also trade stocks of some major companies like Google, Amazon and Facebook etc. Apart from that, GCG International has also added a number of indices on their platform, such as NASDAQ, S&P 500 and more. There are also a ton of commodities including precious metals, agricultural products and energies for people who don’t like to take big risks.

A major addition that GCG International has made to its asset index is that of cryptocurrencies, which are heavily demanded nowadays. Options like Bitcoin, Ethereum and Litecoin are available with the broker.

What Accounts are Offered by GCG International?

To use a broker’s services, you have to open an account with them and every broker comes up with different options for their customers. GCG International also provides account options to their clients and these include:

- Demo account

This particular account is offered by GCG International to every trader on their platform. It has been designed to assist traders in getting acquainted with how to trade in the market. Newcomers in the financial market can especially benefit from this account because it enables them to understand how the market works. They can get in as much practice as they want and not have to worry about losing their money. This is due to the fact that a demo account involves the use of virtual currency.

Experienced traders can also take advantage of the demo account to experiment with new moves and try out new strategies. It can provide anyone with the necessary experience to get started and they can also get acquainted with the trading platform provided by GCG International.

- Real account

The second account type that you will come across at GCG International is referred to as the real account. It is as real as it can get in the trading market, which means you will now be trading with your actual funds rather than virtual money. You can switch to a real account after you are done with practicing via a demo account and you have to deposit actual funds to start using it. The minimum deposit requirement that you have to fulfill is set at $250.

There is leverage of 1:500 available and the account also has competitive spreads starting at 0.2 pips. Moreover, the real account comes with a dedicated account manager for guiding and assisting traders. You can also use risk management tools, such as stop loss and take profit order types to help in reducing losses and maximizing profits.

- Islamic account

The last account option that GCG is offering to its customers is called the Islamic account. It is available on demand to traders of a specific religion i.e. Islam. Muslim traders are given this option to help them trade in the financial markets while complying with Sharia laws. No swap is involved under this account option and rollover rates for overnight positions are not applicable. The other features remain the same as the ones found in the real account.

How to Deposit and Withdraw at GCG International?

It is essential to know how to make deposits and withdrawals on the GCG International platform because you cannot trade without investing money and you would want to withdraw your earnings later on. You can use methods, such as bank wire transfer or debit and credit cards for adding or withdrawing funds. Some online methods are also provided for the traders’ convenience. However, it should be noted that withdrawal requests will only be processed if traders complete a verification process, which involves providing proper identification documents in compliance with the Know Your Customer (KYC) and Anti-Money Laundering (AML) policies.

Furthermore, they are also required to use the same method for deposits and withdrawals and only register those that are in their own name as third party options are not supported.

 

 

Bottom Line

Global Consulting Group i.e. GCG International can provide you with a good platform and range of assets to begin your trading journey. 

Comments