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GemForex Review & User Rating 2021

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 company has offices in Japan, China, Taiwan, Hong Kong, and Korea.

GemForex
Regulated by : NZFSP564306
Min. Deposit : 1 USD
Max. Leverage : 1:1000
Headquarters : Hongkong
gemforex

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GemForex Review

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.

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.

gemforex review

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.

  1. 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.
  1. 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.

Contacts

Level 1, 275 Onehunga Mall, Onehunga, Auckland

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