GEMFOREX

GEMFOREX is a Forex broker founded in 2010 and currently operates under the New Zealand Financial Service Providers Register（FSPR）. It is an FX broker that develops services mainly in Asian regions such as Japan. Since the content of the site is only partially translated into English, it is a little difficult to use.

The biggest feature of GEMFOREX is that it offers hundreds of Expert Advisors（EA）and mirror trading completely free of charge, and if you open an All-in-One account, which is one of the account types provided by GEMFOREX, you can use these services for free.

A No spread account with small spread is provided as an account exclusively for discretionary trading, and all automatic trading, including the Expert Advisors（EA）provided by GEMFOREX, is prohibited with this account. The disadvantage is that the initial minimum deposit amount is as high as 300,000 yen. However, since there is no transaction fee and the average spread is at the level of USD/JPY 0.3pips and EUR/USD 0.4pips, it offers excellent conditions in terms of transaction costs.

Since it is operated by the Japanese, both services and transaction specifications are mainly for the Japanese. As Forex brokers holding Japanese financial licenses commonly provide spreads of USD/JPY 0.3pips without transaction fees, GEMFOREX also offers equivalent spreads, so terms tend to be more advantageous than those of the Forex companies based overseas.

The disadvantages of GEMFOREX are that the product lineup is small, the maximum trading volume is 30 lots, and when trading more than 10 lots in a short period of time, it is necessary to contact the broker in advance. So it is geared for small volume traders and rather unsuitable for large volume traders.

In terms of support, you can use email and chat support, and it can be said that it is a Forex broker that you can use without worry. The level of convenience is high, such as a quick account opening function that allows you to open an account in just one minute without verifying your identity.