Gtcfxcb is a broker specializing in Contracts for Difference (CFD) trading, with its official website domain registered on May 14, 2024. It primarily offers trading services in financial derivatives such as stocks, futures, crude oil, gold, cryptocurrencies, and forex to retail and institutional clients. The broker does not offer services in jurisdictions where doing so might violate local laws or regulations.
Corporate Registration Information and Regulatory Status:
Public information on Gtcfxcb's (gtcfxcb.com) official website indicates that the broker is headquartered in Hong Kong. Its subsidiary is regulated by the U.S. Financial Crimes Enforcement Network (FinCEN) and is registered with the National Futures Association (NFA) in the U.S., with an NFA ID of 146789. However, the company's profile page on the website also mentions that it is headquartered in London, UK, and has direct branches in the U.S., Vanuatu, and Sydney, Australia. It claims to have complete financial service qualifications and to be regulated locally in these jurisdictions.
Research reveals that the Hong Kong Companies Registry lists a company with the same name as this broker, but it's unclear if they are connected. Neither the U.S. FinCEN nor the UK's Financial Conduct Authority (FCA) have listings for a company named GTC Limited. The NFA also does not show an entity with the NFA ID 146789.
Thus, Gtcfxcb (gtcfxcb.com) is essentially a fraudulent brokerage website with no corporate entity or regulatory oversight.
Account Opening Process:
To open an account with Gtcfxcb, visit their official website, click on "Register" located on the homepage or in the top right corner of the page. Fill in your email address and set a password. The broker will then send a verification code to the provided email. Enter the code in the application form and submit it. Once submitted, the account will be successfully registered. After logging in, you will need to verify your identity before you can deposit funds and start trading.
Trading Account Information:
Gtcfxcb's website only discloses information about spreads, trading leverage, margin call/stop-out levels, and contract size. It does not provide information on account types, trading commissions, minimum/maximum trade sizes, maximum position/order volumes, or minimum price increments.
- Spreads: Floating, starting from 1 pip
- Trading Leverage: 1:100—1:500
- Margin Call/Stop-out Levels: 100%/50%
- Contract Size: 1 lot = 100,000 currency units
Trading Platform:
Gtcfxcb provides a proprietary trading platform, available on desktop and mobile. The platform includes over 50 technical indicators and intraday analysis tools, and offers features suitable for advanced traders.
Deposits and Withdrawals:
Gtcfxcb does not specify the supported deposit and withdrawal methods, fees, or minimum amounts on its website.
Conclusion:
Traderknows reminds investors that Gtcfxcb is a suspected fraudulent broker with unclear registration and regulatory information and false advertising. The only way to contact them is through email, making their contact method very limited. The website design and content are the same as other fraudulent broker websites like Gildencrest Capital, Tosta Global Limited, fbspro, BLK International Exchange Inc, Bestonfx Trading Limited, and fogo forex. Traderknows advises investors to choose brokers with transparent information, strong regulation, and good reputation to avoid unnecessary financial losses.
Currently, this broker is marked as "Suspected Fraud" on Traderknows.
