GEMFOREX General Information
| ๐ค Broker Name : | GEMFOREX |
|---|---|
| ๐ฃ Company Name : | GEM GROUP NZ LIMITED |
| ๐ Foundation Year : | 2014 |
| ๐ข Headquarters : | Hongkong |
| ๐ Broker Type : | ECN /STP |
๐ต GEMFOREX Minimum Deposit : | 1 USD |
| ๐น Maximum Leverage : | 1:1000 |
| ๐ฑ Base Currency : | USD, JPY |
Our GEMFOREX Review
Gemforex review 2020 โ A Simple Guide
Gemforex is a Forex and CFD brokerage firm that was founded in 2010. It was among the first brokers to introduce free Expert Advisers for FX traders.
The broker is operated by the GEM GROUP NZ LIMITED from New Zealand, which is registered by the New Zealand Securities and Investment Commission (NZFSP) under license number FSP 564306.
The company has offices in Japan, China, Taiwan, Hong Kong, and Korea.
Gemforex Summary
Broker name: Gemforex
Official webpage: https://gforex.asia/en/
Regulation: New Zealand Securities and Investment Commission (NZFSP)
Headquarters: Level 1, 275 Onehunga Mall, Onehunga, Auckland in New Zealand
Minimum initial deposit: $1/100JPY
Demo account: Yes
Tradable assets: Forex, and CFDs
Max Leverage: 1:200
Trading platforms: MT4, GEM MT4 WebTrader, and GEM MT4 VPS
Mobile Trading platforms: Yes
Fixed Spreads: Yes
Deposit methods: Credit Card, Ethereum, Paypal, Perfect Money, MegaTransfer, PAYEER, UnionPay, ย Neteller, MASTER / JCB, STICPAY, Fast Pay, Skrill, and Wire Transfer, Bitcoin and bit wallet
Withdrawal Methods: Neteller, Skrill, and Wire Transfer, Bitcoin and bit wallet
Gemforex Regulation
Gemforex is a regulated Forex and CFD broker. It is operated by the GEM GROUP NZ LIMITED from New Zealand, which is registered by the New Zealand Securities and Investment Commission (NZFSP) under license number FSP 564306.
Account Opening
To open an account with Gemforex, you just have to fill in your name and email address on the account registration form on their official website after which you shall receive the guidance for the registration completion as well as the Demo Account Opening completion.
Account Types
Gemforex Broker offers two main types of live trading accounts namely: Forex trading account and CFD trading account and a demo account.
The difference between the two types of live trading accounts is the type of assets that a trader can trade.
The CFD Account
There is only one type of CFD account namely All-in-One Account.
The All-in-One Account can only be opened with USD and Japanese Yen (JPY) as the base currencies and the initial deposit requires is $1 or 100JPY.
A trader with a CFD account can choose to use market orders, limit orders or stop loss. He or she also has no limitation as to the use of Expert Advisors and mirror trading.
Traders are also allowed to hedge.
When a trader opens a CFD account, they are eligible for a free Demo account with $10,000 or 1,000,000 JPY virtual money.
The Forex Accounts
There are two types of Forex accounts: the All-in-One Account and No spread Account.
- All-in-One Account
The All-in-One Account can only be opened with USD and Japanese Yen (JPY) as the base currencies and the initial deposit requires is $1 or 100JPY.
The maximum allowed leverage is 1:1000.
The spreads start from 1.2pips.
The least lot size that you can use is 0.01 and the maximum lot size is 30.
A trader with a CFD account can choose to use market orders, limit orders or stop loss. He or she also has no limitation as to the use of Expert Advisors and mirror trading.
Traders are also allowed to hedge.
When a trader opens a CFD account, they are eligible for a free Demo account with $10,000 or 1,000,000 JPY virtual money.
- No spread Account
The No spread account can only be opened with USD and Japanese Yen (JPY) as the base currencies and the initial deposit requires is $1 or 100JPY.
The maximum allowed leverage is 1:1000.
It does not have spreads.
The least lot size that you can use is 0.01 and the maximum lot size is 30.
A trader with a CFD account can choose to use market orders, limit orders or stop loss. He or she also has no limitation as to the use of Expert Advisors and mirror trading.
Traders are also allowed to hedge.
When a trader opens a CFD account, they are eligible for a free Demo account with $10,000 or 1,000,000 JPY virtual money.
Trading Platforms
Gemforex uses mainly uses the Metatrader4 trading platform though it has two other locally made platforms namely: GEM MT4 WebTrader and GEM MT4 VPS.
The GEM MT4 WebTrader is for traders who may wish to do trading online without downloading and installing the MT4 on their smartphones or computers.
The GEM MT4 VPS is a virtual exclusive server that is best for the use of Expert Advisors.
Conclusion
Gemforex is a regulated broker that offers user-friendly Forex, and CFDs. In addition, they have very small initial deposit requirements and thus the best for beginners especially in Japan, China, Taiwan, Hong Kong, and Korea
Trading Preference
| ๐ฐ Minimum Spreads : | 1.5 Pips |
|---|---|
| ๐ฎ Demo Account : | |
| ๐ Mini Account : | |
| โจ VIP Account : | |
| ๐ Segregated Account : | |
| โช๏ธ Islamic Account : | |
| ๐ Managed Account : |
Payment Options
| ๐ณ Deposit Methods : | Bank wire, credit card, debit card, Neteller |
|---|---|
| ๐ณ Withdrawal Methods : | Bank wire, credit card, debit card, Neteller |
Trading Features
| ๐ Trading Platforms : | MT4 |
|---|---|
| ๐ฐ Fixed Spreads : | 1.5 Pips |
| ๐ Hedging : | |
| ๐ Scalping : | |
| ๐ฑ Mobile Trading : | |
| ๐ป Web Trading : | |
| ๐ฐ Trading News : |
Promotion
| ๐ No Deposit Bonus : | |
|---|---|
| ๐ Deposit Bonus : | |
| ๐ Other's Promotion : |
Get Latest GEMFOREX Promotion
Bonus
Info
Action
GEMFOREX ยป 10,000 JPY NO DEPOSIT BONUS
Contact Information
| ๐ Website : | |
|---|---|
| ๐ฎ Address : | Level 1, 275 Onehunga Mall, Onehunga๏ผAuckland |
Thus far my experience with them has been negative. I allegedly earned reasonable profits but withdrawing said profits were impossible and the company wanted more money deposited in order to release the funds I invested and earned. I got help from Broadoak-capital. com who helped me get all my funds back.