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GTCFX

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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.
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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.
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