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GEEDEY CAPITAL

GEEDEY CAPITAL | 2024-04-07 12:11

Abstract:GeeDey Capital, a leading brokerage firm in the forex market, offers traders a comprehensive range of services and features. Despite its unclear regulatory status, the platform has clear advantages and risks. On the positive side, it provides high leverage options up to 400x, diverse trading products, competitive pricing, and round-the-clock customer service. However, traders should exercise caution regarding the risks of high leverage, especially for inexperienced traders, and potential issues with execution quality during volatile market conditions. Despite these risks, GeeDey Capital remains a significant player in the forex industry, committed to providing traders with excellent market opportunities.

Aspect Information
Company Name GeeDey Capital
Registered Country/Area Hong Kong
Founded year 5-10 years
Regulation Unregulated
Products and Services Foreign exchange, stocks (Hong Kong and US stocks), ETFs
Leverage Up to 400x
Spread 0.0 pips
Trading Platforms MT5
Account Type STP and PRO
Customer Support 24/7 support via phone and email

Overview of GEEDEY CAPITAL

GeeDey Capital, a leading brokerage firm in the forex market, offers traders a comprehensive range of services and features. Despite its unclear regulatory status, the platform has clear advantages and risks. On the positive side, it provides high leverage options up to 400x, diverse trading products, competitive pricing, and round-the-clock customer service. However, traders should exercise caution regarding the risks of high leverage, especially for inexperienced traders, and potential issues with execution quality during volatile market conditions. Despite these risks, GeeDey Capital remains a significant player in the forex industry, committed to providing traders with excellent market opportunities.

Overview of GEEDEY CAPITAL

Regulatory Status

This trading firm operates in an unregulated status. Unregulated trading platforms pose several potential risks.

Firstly, the lack of regulation means that client funds may be at risk, as there is no overseeing authority ensuring that the trading firm handles client funds in a legal and transparent manner.

Secondly, unregulated trading platforms may engage in potential fraudulent activities.

Lastly, unregulated trading platforms typically lack formal complaint handling mechanisms, meaning that clients may struggle to receive effective assistance and solutions when facing issues.

Regulatory Status

Pros and Cons

Pros:

  1. High Leverage: GeeDey Capital offers variable leverage up to 400x, which can potentially amplify profits for traders. High leverage allows traders to control larger positions with a smaller amount of capital, increasing the potential returns on investment.

  2. Wide Range of Trading Products: With 90 trading products available, GeeDey Capital provides traders with a diverse selection of assets to trade, allowing for greater flexibility and opportunity to diversify their investment portfolio.

  3. Lowest Quote: The platform offers the lowest quote infinitely close to 0.0, indicating competitive pricing and potentially lower transaction costs for traders.

  4. 24-Hour Customer Service: GeeDey Capital provides 24-hour uninterrupted customer service, ensuring that traders can access support whenever they need assistance, regardless of their time zone or location.

Cons:

  1. High Leverage Risks: While high leverage can amplify profits, it also significantly increases the risk of losses. Traders need to be cautious when using high leverage as it can lead to substantial losses if trades move against them.

  2. Complexity and Volatility: Trading with leverage and involving 5 major transactions can increase the complexity and volatility of trading. Novice traders may find it challenging to navigate such a dynamic market environment and may be prone to making impulsive decisions.

  3. Potential for Price Manipulation: The lowest quote being infinitely close to 0.0 raises concerns about potential price manipulation or spread widening during volatile market conditions, which could negatively impact traders' execution prices.

Pros and Cons Table:

Pros Cons
High Leverage (Up to 400x) High Leverage Risks
Wide Range of Trading Products (90) Complexity and Volatility
Lowest Quote Infinitely Close to 0.0 Potential for Price Manipulation
24-Hour Uninterrupted Customer Service
Pros and Cons

Market Instruments

GeeDey Capital offers a comprehensive range of market instruments in the foreign exchange (forex) market.

The foreign exchange market: GeeDey Capital offers investors leverage of up to 400 times, allowing them to control larger trading positions with a small amount of capital. Additionally, the platform provides competitive spreads as low as 0.0, creating attractive trading conditions for investors. Fast withdrawal services without fees are also a highlight, enabling investors to quickly access their funds. Furthermore, fund security is ensured through regulatory separation, guaranteeing reliable supervision and protection of investors' funds. With order execution speeds as fast as 0.2 milliseconds, trading is timely and accurate.

Trading in Hong Kong and US stocks: investors can benefit from low commissions starting at $0.01 per share for US stocks and 0.08% for Hong Kong stocks, with a minimum fee of HK$45 per trade. Interest rates, calculated based on the borrowing amount and overnight rates, start from 1.86%. GeeDey Capital offers precise daily interest settlement services, ensuring investors understand their interest costs.

ETF trading: similar to stocks and closed-end funds, allows investors to participate in the market by buying and selling fund shares. Unlike traditional funds, investors can trade ETFs using existing securities or fund accounts without opening new ones. However, it's essential to note that secondary market ETF trading must adhere to exchange regulations, including trading hours and restrictions, which investors should be aware of and comply with before trading.

Market Instruments

Account Types

GeeDey Capital offers two types of accounts, STP and PRO. The STP account type features varying spreads and commissions for currency pairs such as HAU USD, XTIUSD, EURUSD, GBP/USD, USDCHF, USD/CAD, USDJPY, GBP/JPY, EUR/GBP, and AUD/JPY.

Meanwhile, the Pro account type also exhibits diverse spreads and commissions for similar currency pairs. The spreads for Pro accounts are generally lower than those for STP accounts. This indicates that for traders seeking lower spreads, Pro accounts may be more attractive. Therefore, clients can choose the account type that best suits their needs and preferences.

Account Types

Trading Platform

GeeDey Capital offers the MT5 trading platform.MT5 platform features include advanced charting tools, a wide range of technical indicators, support for automated trading, and multi-currency and multi-asset trading capabilities.The MT5 platform is available for download on Android, Apple iOS, and Windows devices.You can also choose to scan the QR code below to download the mobile version of MT5.

Trading Platform

How to Open an Account?

To open an account on GEEDEY CAPITAL, you can follow these general steps:

  1. Visit the Website: Go to the official website of GeeDey Capital at https://www.geedey.com/.

  2. Create an Account: Look for the “Open a account” or “Register” button on the homepage and click on it to begin the registration process.

  3. Choose Account Type: Select the type of account you wish to open, whether it's a demo account for practicing or a real account for live trading.

How to Open an Account?
  1. Provide Personal Information: Fill out the registration form with required details such as your full name, email address, phone number, and country of residence. Ensure all information is accurate.

  2. Verification: verify your email address and phone number by following the instructions sent to you via email or SMS. This step may also involve providing additional documentation to verify your identity, such as a copy of your ID or passport.

  3. Agree to Terms and Conditions: Review the terms and conditions of GeeDey Capital and agree to them before completing the registration process. This may involve consenting to the platform's privacy policy, risk disclosure, and other legal agreements.

Leverage

GeeDey Capital offers variable leverage of up to 400x to its clients. This means that traders have the flexibility to adjust their leverage based on their trading strategies and risk preferences, with the maximum leverage allowing for significant exposure in the market.

Spreads & Commissions

US Stock Commission:

Commission fees start at a minimum of $0.01 per share, with a minimum of $2.88 per transaction. This means a minimum commission of $0.01 per share is charged, but each transaction incurs a minimum fee of $2.88.

Hong Kong Stock Commission:

Commission rates start at 0.08% of the transaction amount, with a minimum fee of HK$45 per transaction. This means that a commission equivalent to 0.08% of the transaction amount is charged, but each transaction has a minimum fee of HK$45.

Financing Interest Rates:

Starting from 1.86%. For borrowing $10,000, the minimum interest rate is only $0.05 per day. The specific rate depends on the borrowed amount and the overnight interest rate and is calculated daily.

Hong Kong Stock Commission Fee Rate:

Starting at 0.09% of the transaction amount.

Financing Interest Rate:

Starting from 1.88%.

Spreads & Commissions

Customer Support

You can contact GeeDey Capital's customer support team through the following channels:

  • Phone: 00852 2537 7025

  • Email: info@geedey.com

They offer 24/7 support. For any consultation questions, feel free to reach out to them via phone or email.

Customer Support

Conclusion

In conclusion, GeeDey Capital presents a compelling offering in the forex market, boasting high leverage, a wide range of trading products, competitive pricing, and round-the-clock customer service. However, the use of high leverage entails significant risks, particularly for novice traders, who may struggle with the complexities and volatility of leveraged trading.

Additionally, concerns over potential price manipulation and spread widening during volatile market conditions raise questions about execution quality. Despite these drawbacks, GeeDey Capital's comprehensive market instruments and commitment to excellence position it as a formidable player in the forex industry, providing traders with opportunities for profit while emphasizing the importance of risk management and prudent decision-making.

FAQs

Q: What type of accounts does GeeDey Capital offer?

A: GeeDey Capital provides two main account types: STP and Pro, each with varying spreads and commissions.

Q: Can I adjust my leverage with GeeDey Capital?

A: Yes, GeeDey Capital offers variable leverage of up to 400x.

Q: What currency pairs can I trade with GeeDey Capital?

A: GeeDey Capital offers a wide range of currency pairs, including major pairs like EUR/USD, GBP/USD, and USD/JPY, as well as exotic pairs such as AUD/JPY and NZD/USD.

Q: How does GeeDey Capital prioritize security for its clients' funds?

A: GeeDey Capital places a high emphasis on security, utilizing advanced encryption technology and segregating client funds in separate accounts to ensure protection against unauthorized access and potential risks.

Q: What trading platforms are available at GeeDey Capital?

A: GeeDey Capital offers access to popular trading platforms like MetaTrader 5 (MT5).

Related broker

No Regulation
GEEDEY CAPITAL
Company name:GEEDEY CAPITAL LIMITED
Score
2.17
Website:http://www.geedey.com/
5-10 years | Suspicious Regulatory License | MT5 Full License | Regional Brokers
Score
2.17

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