GemForex Review 2022
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| GemForex is a Japanese CFD and forex broker offering a curated selection of trading products. | ||
GemForex is a multiple award-winning broker that offers traders Forex, Commodities. With GemForex traders can use both the MetaTrader4 and MetaTrader5 platforms.
In terms of features offered to traders, GemForex has Demo Accounts, Signals and Auto Trading but is missing Islamic Accounts and Social Trading.
GemForex is regulated, but not by the FCA here in the UK. While this is not necessarily an issue, very careful traders might want the extra safety of using an FCA-regulated broker.
GemForex Summary
GemForex is a Japanese CFD and forex broker offering a curated selection of trading products.
Ratings
| Bonus | None |
|---|---|
| Instruments | Forex, Commodities |
| Demo Account | ✓ |
| Min. Deposit | $1 |
| Min. Trade | None |
| Regulated By | FSC |
| MetaTrader 4 | ✓ |
| MetaTrader 5 | ✓ |
| cTrader | ✗ |
| DMA Account | ✗ |
| ECN Account | ✗ |
| Mobile Apps | Yes (iOS & Android) |
| Auto Trading | Yes - the first ever free EA service in Japan |
| Trade Signals | Yes - MT4 |
| Social Trading | ✗ |
| Copy Trading | ✓ |
| Islamic Account | ✗ |
CFD Trading
Trade leveraged CFDs on indices and commodities.
| Leverage | 1:1000 |
|---|---|
| FTSE Spread | Variable |
| GBPUSD Spread | Variable |
| Oil Spread | Variable |
| Stocks Spread | N/A |
Forex Trading
GemForex offers 33 currency pairs, including majors, minors and exotics.
| GBPUSD Spread | Variable |
|---|---|
| EURUSD Spread | Variable |
| EURGBP Spread | Variable |
| Assets | 33 |
Payment Methods
GemForex accepts the following payment methods:
- UnionPay
- Perfect Money
- Sticpay
- Credit Card
- Debit Card
- PayPal
Awards
GemForex is a multiple award-winning broker, with 6 awards received so far.
- Best Broker 2020 - Forex.com Awards
- Best Broker 2019 - Forex.com Awards
- Best Broker 2018 - Forex.com Awards
- Best MT4 Broker 2017 - Forex.com Awards
- Best Forex Trade Copy Service 2017 - Forex.com Awards
- Best Asia FX Broker 2016 - Forex.com Awards
FAQ
Is GemForex Safe?
Yes, most likely, as we gave GemForex a trust score of 50% in our review. The main negative factor in this score is that GemForex is not FCA regulated. However, very careful traders might want to find an alternative in our top list of UK brokers.
Does GemForex Accept PayPal?
Yes, GemForex does accept PayPal payments.
Is GemForex Halal?
Probably not, as GemForex does not offer an Islamic trading account as far as we know. For alternatives, please see the list of halal brokers.
What trading platforms does GemForex support?
With GemForex you can trade on 2 different platforms: MetaTrader 4 and MetaTrader 5.
Is GemForex Regulated in the UK?
No, GemForex is unfortunately not regulated by the FCA here in the UK. See our list of FCA regulated brokers for safer options
Is GemForex Regulated?
Yes, GemForex is regulated by FSC.
The fact that GemForex is not regulated by our own FCA will be a concern to the most careful traders. See our list of FCA regulated brokers for safer options.
GemForex vs Other Brokers
If you want to compare GemForex with other brokers, use the detailed comparisons below.
GemForex vs |
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| GemForex is a Japanese CFD and forex broker offering a curated selection of trading products. | ||