BrokersView
Search
Download
English
Sign In

GTCFX

Save

Operating status: SCAM

Website: https://gtcfxmarket.com

Broker violations and abnormal records
  • 2024-05-27 BrokersView has Reviewed that GTCFx is an Unregulated Broker

    GTCFx claims to be a trading name of GTCFx Markets, and also is a member of The Financial Commission, which is incorporated in St Vincent and the Grenadines, offering wide range of financial services, including Forex, Crypto, Indices, Metals, Commodoties and more instruments in global markets.

    We didn't find the business registration of GTCFx with the Financial Services Authority in St. Vincent and the Grenadines(SVG FSA), an offshore authority that doesn't license financial derivative trading brokerage activities. It is also not a member of The Financial Commission (Fincom).

    The truth is that GTCFx (GTCFx Markets) is not regulated by any regulators. Letting it hold or control investors' money is unsafe, and the money can not be protected by any laws.

    GTCFx (GTCFx Markets) is a scam.

    GTCFx claims to be a trading name of GTCFx Markets, and also is a member of The Financial Commission, which is incorporated in St Vincent and the Grenadines, offering wide range of financial services, including Forex, Crypto, Indices, Metals, Commodoties and more instruments in global markets.We didn't find the business registration of GTCFx with the Financial Services Authority in St. Vincent and the Grenadines(SVG FSA), an offshore authority that doesn't license financial derivative trading brokerage activities. It is also not a member of The Financial Commission (Fincom).The truth is that GTCFx (GTCFx Markets) is not regulated by any regulators. Letting it hold or control investors' money is unsafe, and the money can not be protected by any laws.GTCFx (GTCFx Markets) is a scam.

Related Complaints

Q&A

Do GTCFX charge commission?

Marina Millington-Buck
Fiji Islands
2024-06-26
ANSWER Regardless of its trading conditions, a broker's regulatory compliance is critical. Given that GTCFX is not subject to any financial regulators, it is advisable to stay away from it.GTCFX claims membership with The Financial Commission and registration in St. Vincent and The Grenadines. However, our investigation did not reveal any business registration for GTCFX with the Financial Services Authority of St. Vincent and the Grenadines (SVG FSA), an offshore authority that does not license financial derivative trading brokerage activities. Furthermore, GTCFX is not listed as a member of The Financial Commission.Given these findings, it appears that GTCFX lacks regulation by any recognized financial regulators. Based on the available evidence, it is prudent to exercise caution, as GTCFX may not be a secure investment option. It is recommended to opt for fully regulated brokers rather than unregulated ones like GTCFX.
See more

What are protective measures offered by GTCFX?

UCCflwww
Bahamas
2024-05-28
ANSWER Given GTCFX's unlicensed status, it may not offer the necessary protections for its investors.GTCFX purports to be registered with the Financial Services Authority of St. Vincent and the Grenadines (SVG FSA), but there are no corresponding records to validate this claim. Likewise, its claim of being a member of the Financial Commission is unfounded.As a result, GTCFX presents a risk of fraud and identity theft. Without regulatory supervision, investors' funds are not safeguarded. We strongly advise investors to avoid GTCFX and instead opt for fully regulated brokers.
See more

comments

Be the first to review.
Rate and Review

Your review

App Store

Google Play

Company Shop Application About Us Our Methodology Privacy Policy Contact Us

Risk Warning:

FX trading is of high risk and may not be suitable for all investors. Leverage will create additional risks and loss. Before trading, please carefully consider your investment objectives, experience level and risk tolerance. You may lose part or all of your initial investment; do not invest money that you cannot afford. Educate yourself about the risks associated with FX trading. If you have any questions, please consult an independent financial or tax advisor. Any data and information are provided "as is" and only for information purpose, not for trading or recommendations. Past performance does not predict future results.

Disclaimer:

The data contained in this website may not be real-time and accurate. The data and prices on this site are not necessarily provided by the market or exchange, but may be provided by market makers, so prices may be inaccurate and differ from actual market prices. Namely, this price is indicative price only to reflect market trend, and is unfavorable for trading purpose. The provider of the data contained in the Website shall not be liable for any loss incurred by you as a result of your trading activities or reliance on the information contained in the Website.