General Information & Regulation
GGtrade is an online forex registered in Vietnam, with its founding time, actual address, and the company behind it unknown to all. There is no regulatory license details and vital information on its website. This lead us to believe that GGtrade is yet another unregulated, scam website, which traders are strongly advised to avoid.
Markets Instruments
GGtrade offers trading in both forex pairs and CFDs on gold, silver, oil, stocks, indices, crypto coins, and binary options.
Minimum Deposit
The minimum initial deposit is $100 required by GGtrade to start real trading. Although this amount seems reasonable, given the fact GGtrade is an unregulated broker, it is unsafe to register trading accounts here.
Leverage
In terms of trading leverage, GGtrade offers leverage up to 1:300, which may seems not that generous compared to many other brokers offering the leverage up to 1:500 even 1:1000. However, since leverage can amplify gains as well as losses, inexperienced traders should take care when using it.
Spreads & Commissions
When it comes to spreads and commissions available, GGtrade does not this part clear.
Trading Platform Available
GGtrade offers some sort of unproven web-based platform, which simply lacks some basic functionalities readily available with classic trading solutions like the MetaTrader4. Unfortunately, GGtrade does not offer a demo account so we cannot assess their spreads.
Deposit& Withdrawal
In terms of payment methods available, GGtrade does not tell us what funding option it works with. In most cases, most brokers support traders to fund their accounts through Debit/Credit (Visa, MasterCard, Maestro), wire transfer, Skrll, Neteller, Paypal.
