GCL Global Limited is an online foreign exchange broker that offers diversified financial trading services, including forex, precious metals, crude oil, and more. Although the company claims to be located in Limassol, Cyprus, its information could not be found in the Cyprus Business Registry. Additionally, the platform lacks regulation, and company transparency is low. The official website of GCL Global Limited is: https://gclglobalfx.com/index.html
Corporate Background of GCL Global Limited:
The company entity registered as GCL Global Limited, with the domain name of its official website registered on September 22, 2023, according to Whois information. The official website claims the company address is located at 1585 Broadway, Midtown Manhattan, West of Broadway, New York City, USA. However, no information about GCL Global Limited was found on the official government website of the United States, New York, indicating that GCL Global Limited might be engaging in false advertising. It is advised that traders conduct further investigations and verifications before making further decisions, to ensure access to accurate company information and to lower potential risks.
Regulatory Information of GCL Global Limited:
In terms of regulatory information, GCL Global Limited claims to hold a license from the U.S. National Futures Association (NFA), with number 0558058. However, GCL Global Limited is not a member of the NFA, nor is it regulated by NFA, therefore the promotional information is not accurate.
Account Opening Process at GCL Global Limited:
First, go to the GCL Global Limited official website and click “Open an Account” in the top right corner.
Then click “Register” in the top right corner.
Complete the account registration by filling in the information (such as email, password, etc.) as per the steps.
Trading Products of GCL Global Limited:
GCL Global Limited offers a variety of trading products, such as precious metals, crude oil, forex, cryptocurrencies, stocks, and commodities. However, it lacks specific product details like trading fees, which potential investors need to consider with caution regarding product transparency.
Trading Platform of GCL Global Limited:
GCL Global Limited provides ST5 trading software, offering investors a potential trading tool, yet it lacks detailed introductions to its features and user support.
Deposit and Withdrawal Process at GCL Global Limited:
The GCL Global Limited platform does not provide specific deposit and withdrawal processes, which could pose an obstacle to investors managing their funds, increasing the uncertainty of using this platform.
Customer Support at GCL Global Limited:
Although a customer service email (support@gclglobalfx.com) and phone number (+1 617 798 0330) are provided, the quality and responsiveness of customer service remain unknown due to the lack of effective regulation and transparency.
Conclusion:
The case of GCL Global Limited highlights the key factors to consider when choosing a foreign exchange broker, such as regulatory compliance, company transparency, and the quality of customer service. Investors should conduct thorough investigations to ensure the legality and reputation of the broker to secure their investments. Currently, GCL Global Limited is listed as "Suspected Fraud" on TraderKnows.
