GS Securities Forex broker review – Everything you need to know

GS Securities is a forex broker that is relatively young in the field. It offers several account types, which are tiered with higher-end accounts requiring much higher deposits. The starting capital is 100 USD, which is higher than what many reputable brokers require for a minimum deposit.

Below is a brief review of GS Securities and its most important features, such as safety, accounts, trading costs, profit withdrawals, support, and more.

GS Securities Overview of the website

The website of GS Securities looks modern and simplistic. It has a user-friendly interface and allows quick navigation around. Buttons are offered on the top menu bar, and everything seems well-ordered and easy to find. There are dedicated sections for accounts, platforms, markets, and so on, which is very important for a convenient user experience. Media and colors are moderately selected and do not overcrowd the website, which is a good sign.

The live chat is available directly on the website using a plugin, which enables users to contact the broker quickly.

The website is also available in a multitude of different languages, which is also flexible.

Overall, the GS Securities website passes our website reliability and speed check and is a professionally-built website.

GS Securities Safety and Licenses Overview

Safety is paramount in online financial trading, and GS Securities is a broker that is registered offshore in Saint Lucia. Despite being registered there, the broker is not regulated by local authorities, meaning it operates and offers forex trading services without a license.

Being unregulated exposes traders to many safety risks.

Since GS Securities is unregulated, we can not verify that it employs fund segregation, which is a serious security flaw for trader capital.

Another serious issue and red flag is that GS Securities does not offer negative balance protection. Their official legal docs state that if your account goes negative, you are responsible for the full loss and may be required to pay it back, meaning there’s no guarantee your balance will be reset to zero, and you will become liable for money beyond your account balance.

In other words, there is no single reason why someone, especially a retail beginner trader, would sign with such a broker.

GS Securities Accounts Reviewed

GS Securities offers three trading accounts: Standard, Pro, and Premiere. The standard is a beginner account, but it has a high minimum deposit of 100 USD, which is much higher than 99% of competitors in the online financial trading industry. Other accounts require significantly more capital, making the broker attractive freight from the first glance. Let’s review trading conditions to see whether it justifies high deposit requirements.

GS Securities Standard Account

The standard account offers the following conditions:

• Minimum deposit – 100 USD
• Maximum leverage – 1:1000
• Spreads – From 1.2 pips
• Commissions – 0 USD
• Minimum lot size – 0.01 lots

GS Securities Pro Account

• Minimum deposit – 500 USD
• Maximum leverage – 1:1000
• Spreads – From 0.8 pips
• Commissions – 0 USD
• Minimum lot size – 0.01 lots

GS Securities Premiere Account

• Minimum deposit – 5,000 USD
• Maximum leverage – 1:1000
• Spreads – From 0.0 pips
• Commissions – 2 USD per lot per side
• Minimum lot size – 0.01 lots

Overall, the broker offers competitive spreads on its premiere and pro accounts but has very high deposits, while it is expensive on the standard account and has also high deposit requirements, making it unattractive for most traders. The lack of negative balance protection only adds to this list of disadvantages.

Deposit and withdrawal options at GS Securities

The broker supports multiple payment methods, including:

• Bank wire / SWIFT
• Visa & MasterCard
• Cryptocurrencies (depending on the account)
• Alipay, WeChat Pay, China Union Pay

The broker is not specific whether it charges commissions for deposits and withdrawals. Deposits are processed instantly, while withdrawals take 1-2 business days, which is standard in the sector right now.

GS Securities Assets — What can you trade?

GS Securities is a multi-asset forex broker that enables traders to access a multitude of different markets, such as forex pairs, commodities, indices, futures, stocks, and cryptos. This is truly diverse and attractive for multi-asset traders. The availability of both cryptos and stocks in the form of CFDs enables quick trading in both directions. However, the broker does not offer negative balance protection, requires high deposits, and applies high leverage, which makes it a very risky offshore broker.

Trading platforms of GS Securities

The only available trading platform at GS Securities is the advanced MetaTrader 5 platform. This software is advanced, and the broker allows traders to use custom indicators and Expert Advisors (EAs), which is flexible.

Mobile trading is available via the MT5 mobile app, accessible on both iOS and Android devices, allowing traders to trade the markets on the go.

Education at GS Securities

The broker offers educational resources, including an educational course (required to open an account first), a news room, and a knowledge hub with educational articles. There are no video guides available, which is a minor drawback.

The broker also offers an economic calendar, which is free and accessible on a dedicated section. The broker also offers a copy trading service.

GS Securities Customer Support

The customer support services at GS Securities are probably the best point for the broker. It offers live chat, email, and phone support options. The live chat is directly built into the main page and enables traders quick access to customer support personnel.

The broker’s website and support are both available in a multitude of different languages, which is flexible.

GS Securities bonuses and promotions

The broker offers two types of bonuses. The 20% losable bonus, meaning traders can lose it in trading. There is also a 100% non-losable trading bonus, which traders can not lose, meaning whenever the balance goes to zero and bonus funds are at stake the system will either close the bonus or make the trader liable for losses.

Is GS Securities your broker? Final verdict

GS Securities offers an advanced MT5 platform, multiple trading assets, and several bonuses. Its spreads are mostly competitive, but there are several serious flaws: it is not regulated, does not offer negative balance protection, and has very high minimum deposit requirements.

FAQs on the GS Securities broker

Where is GS Securities based?

GS Securities is registered offshore in Saint Lucia and operates without financial regulation or licensing.

Can you withdraw from GS Securities?

Yes, withdrawals are supported, usually processed within 1-2 business days depending on the payment methods.