GTCM, Global Trading Capital Market, is owned and operated by a Cypriot investment firm named Depaho Ltd. This Forex trading brokerage is fully registered by CySEC and is fully compliant with ESMA (European Securities and Markets Authority) standards. The broker offers Forex, indices, stocks, commodities, options, ETFs and Crypto assets for trading on PROfit web platform.
|#||Broker's Features||TRADEAPP Availability||GTCM Availability|
|#||Accepts US traders||❌||❌|
|#||24 hour trading||❌||❌|
|#||Trading by phone||❌||❌|
|#||1st deposit bonus||❌||❌|
|#||Forex contests competitions||❌||❌|
|#||Interest charges on the balance||❌||❌|
|#||24 hour support||✔||❌|
The variety of online brokers on the internet is very huge, so it is necessary to do a transparent review and comparison of the companies. After spending several days researching different forex brokers for trading FX, our team at onlineforextrading.net team collected over 50 data points. For this review, we will compare TradeApp vs Gtcm.
Financial Trading and Investment Services: First of all, you should know which financial instrument you want to trade and then searching for the right broker. This can be stocks, forex, CFDs, cryptocurrencies or options. TradeApp offers Online Financial Trading and Investment Services Such as Currencies, Commodities, Indices, Stocks, Cryptocurrency, Futures, while Gtcm offers Currencies, Commodities, Indices, Stocks, Cryptocurrency, Options.
Broker Type: Many types of brokers can be found in the most dynamic market in the world. TradeApp is STP, while Gtcm is STP.
Is the Forex broker regulated? Commissions and fees aside, let's take a look at regulation. Trust is critical, and you should highly consider choosing a broker that regulated in a major hub. TradeApp is regulated by CySEC, FSCA, while Gtcm regulated by CySEC, FSCA. For our reviews, official regulation of an official financial authoritarian is required. Brokers have to fulfill certain conditions to get these licenses. In order to violate the rules, they would lose their license and a lot of money.
Account currencies: Next lets consider the Account currencies each broker offers. TradeApp offers EUR, USD different account currencies for each account types, while Gtcm offers account currencies.
Languages Available: Next lets have a look at each broker's different Language options. TradeApp offers English, Italian, while Gtcm offers Customer Support Languages.
Payment methods: Next lets have a look at each broker's payment options. TradeApp offers Credit/Debit Cards, E Merchant Payment Solutions, Neteller, Skrill, Sofort different payment methods for each account types, while Gtcm offers Credit/Debit Cards, E Merchant Payment Solutions payment methods.
Trading platforms: Next, let's look at the tools and features fx traders desire. With trading platforms, TradeApp makes Proprietary available to clients, while Gtcm offers PROfit.
There’s no such thing as a perfect broker, but some are going to be a better fit for you than others.
Objectively, TradeApp is more reliable based on our criteria above. TradeApp offers a wider range of Account currencies. Why does base currencies matter? Because if you fund your account in the same currency as your bank account, currency conversion fees won't be charged. Customer service in your national language might not be a major concern for traders based in English-speaking countries, but it is a defining requirement for traders from other regions such as Asia and South America. TradeApp has a wider range of languages in which customer service is offered making the broker more accessible. Only TradeApp provides training and education resources which is extremely critical to beginner traders who may not be familiar with most of what goes on in the Forex markets.
Finally, if you're really not sure you can always use our free tool (takes 15 seconds) that will help you find a suitable Personalised Broker based on your precise requirements here.