GOSUNCM has been flagged by Comisión Nacional del Mercado de Valores for "Unregistered/Unlicensed entity offering financial products or services". This company appears in our regulatory warnings database. Always verify with official regulatory sources before investing or doing business with this firm.
I closed a profitable position at GOSUNCM and the profit was not credited for 5 days. Support said it was a settlement delay. When it finally arrived it was less than the amount shown on the platform. They could not explain the difference. I have moved my account.
Pros: Regular updates|Demo account available|API access|Clean UI
Cons: Limited cryptocurrency options
GOSUNCM seems more interested in acquiring new customers than taking care of existing ones. The marketing is aggressive but the product is mediocre. Once you are past the honeymoon period, the cracks in their service become very apparent.
Pros: Multiple order types|Educational resources
Cons: Minimum deposit could be lower
I wanted to transfer my portfolio from another broker to GOSUNCM. They said they do not accept in-kind transfers for my asset type. I had to sell, withdraw, deposit, and rebuy - incurring taxes and spread costs. They did not tell me this before I signed up.
Pros: Real-time alerts|Intuitive for beginners
Cons: Currency conversion fee exists|None so far
GOSUNCM offers copy trading. I copied a top trader. The copy trades often executed at worse prices than the original. When I asked why they said it was due to latency and liquidity. So the feature is broken or they are skimming. Either way I stopped using it.
Pros: Stable platform|Helpful community forum|Easy to use platform|Risk management tools
Cons: Nothing significant
GOSUNCM had an outage that lasted several hours during a major market event. Not only did they fail to prevent it, but they also failed to communicate what was happening. We were left in the dark while our investments were at risk.
Pros: Dedicated account manager|Detailed reporting|Fast support response
Cons: Research section could be deeper|Mobile app could be improved