GCG International Review
Starting a trading career is pretty straightforward today if you compare it with what trading was just a few years ago. Today, you can go online and search for the best online brokers to sign up with and start your trading career without any hiccups. However, the real challenge is to find the right broker who will not make your trading life miserable later on. Trust us when we say that there are brokers that can do that pretty easily. So, to make your job of finding the best broker easier, here is a detailed review of GCG International.
GCG International might not be the oldest broker on the internet, but it is definitely doing a few things that many new brokers are not able to offer. If you are considering starting your trading career with this broker, here is a detailed review that goes deep into the details of everything that this broker has to offer. We will not limit ourselves to talking only about the good things. There are definitely some areas that need some improvement and we will throw some light on them as well. So, let’s get into this detailed review right away.
GCG International – Every Feature That a Trader Should be Concerned With
· One Platform for Many Assets
If you look around and notice carefully, you will realize that today’s world is all about aggregation. Aggregated services are the most popular services that people are most concerned with. If you knew you could find a job straight on Google searches, you wouldn’t open any job board on the internet. In a similar fashion, when you can trade from the same trading platform in a variety of markets, you do not have to join many trading platforms and brokers. The more assets a broker offers you for trading the better it is for you if you are a new trader.
In fact, even the most experienced traders love to have a lot of assets at their disposal when they are trading. They want to diversify their portfolios and there is nothing better than being able to do it with just one broker.
So, when you sign up with this broker, you have to know that you will be able to trade a variety of assets from the same trading platform. You will not be trading assets in their real form. For example, if you buy a stock on the trading platform, you will not own that stock. Instead, you will be trading contracts in the name of the assets. When you trade contracts, you do not take the ownership of the asset they represent. Just because you are trading corn with GCG International on its trading platform does not mean that you own a real stock in corn.
Now, you will be surprised to know that there are more than 5000 different assets that are available for you to trade when you sign up with GCG International. These assets come from a variety of financial markets. If you are interested in stocks, you will find plenty of them from not just the US but international companies. In addition to that, you can trade commodities that include crops, energies, metals, and much more. You can also trade a variety of forex currency pairs, not just the big currencies but the exotic pairs as well.
Most importantly, this broker allows you to trade cryptocurrencies on its trading platform. You have to admire any broker that is currently offering cryptocurrency trading. This market is new and still engulfed by a lot of negative propaganda. You have to praise the efforts of the online brokers that still make these crypto assets available for trading to their traders from around the world. So, if you have been looking to trade digital coins with an online broker, you can do that with GCG International.
· An Account That Suits You the Most
A responsible online broker will pay attention to its traders no matter how experienced or inexperienced they are. In addition to that, the broker will also create accounts that are suitable for different types of traders based on their budgets. If you do not have a fortune to spend on trading, you don’t have to if you sign up with GCG International. This broker provides every trader the opportunity to trade in financial markets and make money trading assets with convenience. So, can you really pick an account that suits you when you sign up with this broker?
In simple words, yes. You have many different types of accounts that you can choose from to lay the foundation of your trading career with this broker. A regular account gives you access to the financial markets and more than 5000 different assets that you can trade from the same trading platform and from the comfort of your home. In addition to that, you have an Islamic account as well. That’s the type of account you do not get from every online broker. Only the most caring online brokers bother to create Islamic trading accounts for Muslims who want to trade without incurring the swap rates overnight.
So, if you want to trade without dealing with the swap rates with the broker, you can just pick the Islamic account. You enjoy all the perks of other accounts and also the privilege of trading within the guidelines of the Shariah law.
In addition to the real accounts that you can use to trade in the real financial markets, you have the demo account as well. This particular account has been designed to help you understand the system and learn trading. When you use this account, you get some dummy credit from the broker that you can use in a simulated financial market. You can learn trading this way without putting a single penny from your wallet at risk. Once you think you are done learning, you can move on to real trading as well. There is no limit on how long you trade using the demo account.
· Proper Verification for Traders
This particular topic can be a bit debatable for traders. Why? Here’s the problem. When you sign up with online brokers, you have to provide them with your personal information. Of course, you are opening a trading account with the broker that you will be using for trading, so you have to provide some personal information. However, you will notice that in the case of some online brokers, they ask you to provide a lot of information about your identity. This can be annoying for new traders and for those who are already not comfortable providing their personal details on the internet.
Now, if you look at the GCG International website, you will notice that this broker requires a lot of personal information from you. It is one of the brokers that many traders would hate for asking for this much personal identification information. However, if you look deep into the matters, you will realize that only a legitimate broker can ask you for all these details. That’s for your safety and you will know how as you continue to read.
So, when you sign up with an online broker that does not ask for your identification information, there are two things for you to keep in mind. First, the broker is not serious with the business because any online entity that does financial transactions must ask for personal details. It shows that your broker is only after your money and does not care whether or not you provide your personal information. Secondly, you have to figure out how the broker will identify someone who is impersonating as you on its website but is not you.
So, if someone has stolen your identification information and then this person is using that information on the website of this particular broker, how will the broker know that it is you or not? Well, the broker does not have any way of knowing that. The only way for a broker to know that it is you is by asking you for your personal information. When you sign up with a broker like GCG International, you might have to provide proof of your identity through your driving license number, a picture of it, a copy of your energy bill, etc. All of that information ensures that it is really you who is signing up with the broker.
Now, if someone steals your personal information and tries to sign up in your name on an online website like that of GCG International, they will not be able to do that. The broker will be able to identify the person when they cannot provide complete personal details.
· Safety of Funds and Information
You have to realize that online brokers have come a long way to offer the type of services they offer today. You cannot say that the broker of 2020 is just the same as a broker providing the same services in 2005. There is a huge difference and you get to know that as you know about the broker in details. So, when you sign up with an online broker today, the broker has to take you in confidence by protecting your information and money. You have to see if the broker you are signing up with is protecting your information in any way.
How can the broker protect your information? Well, there is no rocket science involved in doing that. The broker just has to encrypt your information as soon as you provide it on the website. Encryption is quite a detailed process but your broker does not have to do that manually. There are technology protocols in place that the broker can use and the information you provide on the website will be encrypted automatically. Encryption means that the information you provide on the website gets turned into some unintelligible symbols, numbers, alphabets, and what not.
When you look at that information, you can’t make heads and tails of it. The same thing happens to someone who tries to steal your information. You will be glad to know that most online broker like GCG International now encrypt your information to protect it from the bad guys.
In addition to the protection of your information, you also have to have some guaranty from your broker that it will protect your funds as well. When you open a real account with an online broker, you agree to trade with it using its trading platform. In your trading account, you have to deposit funds that you have to use for trading. Now, the problem here is that not all online brokers put your money in separate accounts. Some of them mix the money you deposit in your account with their funds in their company accounts. If some day, these brokers are sealed for some reason, you can consider your money gone as well.
On the other hand, responsible brokers keep your money in separate accounts. These accounts are usually called segregated accounts, and most of the online broker talks about them on their websites. So, even if something wrong happens to the broker some day, you can be sure that your money is there safe in a separate account. When you sign up with a broker like GCG International, you can rest assured that every penny that you drop in your account is going in segregated accounts. That’s the level of safety that every online broker should provide.
· The Trading Platform of 2020
You cannot ignore the importance of a right trading platform to keep your trades on track. If you sign up on a wrong trading platform, you will find yourself losing money even when you are making the right decisions. How does that happen you may ask? Well, when you choose a broker that uses a subpar trading platform, you get to trade on prices that might be very old. The software is slow and the information you see on the screen is not fresh. You might be looking at prices from 30 minutes ago. To avoid these dangers, you have to make sure that you are signing up with a broker that has the best trading platform for you to use.
You will be glad to know that with GCG International you get to access the best trading platform of the world. MetaTrader 4 is the trading platform you will be trading on when you have signed up and opened trading account with the broker. You can perform a casual search for MetaTrader 4 or MT4 and find out that it is the best trading platform that the online trading world has ever seen. However, the broker has made sure that this software suits the modern traders. This software will travel with you wherever you go and whichever device you are on.
So, the broker has made sure that you have access to the software in every form that suits you. First of all, you have the trading platform in its traditional format i.e. the desktop downloadable version. In this version, you will download the software on your computer, and every time you want to trade, you will have to be in front of your computer. The other version of the software is for the modern traders. It is the mobile version of the same software. You will download the application on your smartphone and use it on the go. The best thing about this version is that you can download it on your smartphone regardless of the brand.
It does not matter whether you are stuck in the Apple’s ecosystem or love the openness of Android, you will have the application available on both these platforms. In addition to that, you will also love the fact that you can download the desktop version of the software on multiple platforms. Whether you have windows operating system or MacOS, you can use the software for trading without any issues. Last but not least, you have the best version of the trading platform available i.e. the web trading platform.
Web trading means that you access the trading platform from any device by opening your browser. You open the trading platform just like you open any other website. Do you need any compatibilities with your smartphone or device when you open websites? Of course not! You do not have to worry about any compatibility issues when you have the web-based version of the trading platform available. You can access the web-based trading platform from any device and operating system without worrying about whether it will run or not.
The best thing about this trading platform is that there is a uniform trading experience. When you jump from the desktop version of the software to the mobile version, you notice a huge difference in the appearance of the software. This means, you have to learn some parts of the software again. On the other hand, when you use the web-based version, you have the exact same platform on all devices. There is no learning curve and the trading experience is extremely smooth.
GCG International – Some Required Improvements
As stated earlier, this will not be biased review like many others on the internet. Today, you will notice that a lot of online reviews are nothing but biased opinions about a particular brand, service, or product. You will see the reviewer either bashing the brand or completely admiring. It is as though the brand has absolutely no problems with it. However, that’s not going to be the case with this review. You will know about some areas where GCG International can make some improvements.
First of all, you have to look at the website of the broker, which needs a lot of improvement. You can say that the website does not match the level of service of the broker right now. There is a lot of information that you would call missing from the website. The broker tells you that there are different types of accounts that you can sign up with but does not provide any table that explains what the accounts are all about and what they include. At the same time, you do not get any direct information about leverages on the website.
You just know that you can enjoy some leverages on your trades when you sign up with the broker. How much leverage can you get on your trades? Well, there is no such information on the website regarding that. Additionally, you have to agree that most online brokers now offer a lot of training material to their traders so they can learn trading before putting their money at risk. At the moment, there is no such information on the website of this broker. There is no training material that you can use to learn how to trade.
Last but not least, you will see that there is no phone number on the website that you can call to get in touch with the customer support department of the broker. You just have an email address that you can send your messages too. This type of passive customer support is not appealing for traders of today. Yes, the broker does tell you that its representatives are available to help you 24/7, but that does not make any difference because you can never talk to anyone live and in real-time. You have to send an email and wait for a response eagerly. Sometimes, it can take many hours for you to get a response to your very basic query.
GCG International is a great online broker. While some of the features that this broker offers are basic, some are pretty advanced. The broker does a great job of making the traders feel safe on its trading platform. It has an Islamic account, which shows that the broker cares about its traders regardless of their ethnicity and religion. If only the broker could make some improvements to its website to provide some transparency into things for its traders, there is no reason why it should not be among the best online brokers in the coming time.