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GCFX -

Score

1.89 /10
Danger

GCFX

Malaysia

1-2 years

Suspicious Regulatory License

MT5 Full License

Regional Brokers

High potential risk

https://www.gcfx24.com

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Score

Regulatory Index0.00

Business Index4.83

Risk Management Index0.00

Software Index8.44

License Index0.00

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Licenses

VPS Standard
No restriction on the broker account. Support service provided by WikiFX

Single Core

1G

40G

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Broker Information

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Company Name

GLOBAL CAPITAL MARKET LIMITED

Company Abbreviation

GCFX

Platform registered country and region

Malaysia

Company website

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Company summary

Pyramid scheme complaint

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Warning: Low score, please stay away! 2
Previous Detection : 2024-11-17
  • It has been verified that this broker currently has no valid regulation. Please be aware of the risk!
  • The MalaysiaLFSA regulation (license number: MB/20/0056) claimed by this broker is suspected to be clone. Please be aware of the risk!

WikiFX Verification

GCFX · Company summary

GCFX provides a trading platform for retail and professional clients to trade Forex, international indices and more, utilizing contracts for differences (CFDs). It provides both demo and live accounts operated under MT5 and it web-based trading platform. However, their license of Labuan FSA is reported as suspicious fake clone.

GCFX's homepage

Pros and Cons

Pros Cons
MT5 and GCFX Web Trader trading platforms providedSuspected fake clone of Labuan FSA
Various asset classesRegional restrictions
Social media presence
Security measures provided

Is GCFX Legit?

GCFX asserts that it is regulated by the Labuan Financial Services Authority (Labuan FSA) under a Straight Through Processing (STP) license, with the license number MB/20/0056. However, it is currently under suspicion of being a fraudulent clone.

Regulatory Status Suspected Fake Clone
Regulated by Malaysia
Licensed Institution GLOBAL CAPITAL MARKET LIMITED
Licensed TypeStraight Through Processing (STP)
Licensed NumberMB/20/0056
Suspicious clone LFSA license

What Can I Trade on GCFX?

In GCFX, you can trade forex, equity, commodities, metals, indices, crypto, energy treasury, ETFs etc. on contract for differences (CFDs) and more.

What Can I Trade on GCFX?

Account Type

GCFX provides both live and demo accounts for its users, featuring the GCFX trading platform as well as the MT5 platform.

Trading Platform

GCFX offers MT5 and GCFX WebTrader. These platforms are operated under various financial instruments, such as forex, indices, and commodities. Traders can utilize advanced charting tools and technical indicators to make informed trading decisions. Additionally, GCFX platforms provide fast trade execution and customizable interfaces.

MT5 and GCFX WebTrader

Deposit and Withdrawal

GCFX supports VISA, MasterCard, Neteller, Skrill and Bank Wire to deposit and withdraw.

Payment options

Customer Service

GCFX offers 24/7 customer service via phone, WhatsApp and social media such as Facebook, Instagram and YouTube.

Contact Options Details
Phone +60392125418
+20 150 169 2049
Email ❌
WhatsApp✔
Online Chat ❌
Social Media Facebook, Instagram, and YouTube
Supported Language English
Website Language English
Physical Address Q4-17/BT, U0066, 1st floor, jalan Okk Awang besar, P.O Box 82257 federal Territory of Labuan, Malaysia
Contact info

The Bottom Line

GCFX offers forex broker services through two trading platforms with live and demo accounts. It provides security measures to protect their traders. However, there are many limitations. First, their licence has been suspected as fake clone one. Second, many residents in some regions have no access to trade with them.

FAQs

Is it safe to trade with GCFX?

No. Their license is a suspicious fake clone.

What security measures does GCFX have in place to protect my funds and personal information?

Trades are centrally cleared with Tier1 Banks and Prime Brokers.

At GCFX, are there any regional restrictions for traders?

Yes. It does not provides services for the residents of the United States, Belgium, Canada, Singapore, and Japan.

User Reviews

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User comment

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Comments

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afaq504
6-12months
Global Capital Forex Company is the No. 1 Company in UAE regarding Client Handling and Profit making. This company is giving withdrawls at time and the conversion rates are also reasonable and the relationship manager is kind and humble person he educate me related to Trading stuff.
Global Capital Forex Company is the No. 1 Company in UAE regarding Client Handling and Profit making. This company is giving withdrawls at time and the conversion rates are also reasonable and the relationship manager is kind and humble person he educate me related to Trading stuff.
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2024-05-06 20:29
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Claudine Pendleberry
more than one year
GCFX falls short on its promise of consistently low spreads, with occasional fluctuations. Execution speed can be inconsistent, and the state-of-the-art platforms have occasional glitches. The level of security is unclear, and 24/7 support lacks responsiveness during crucial times. Considering these issues, exploring alternatives for a more reliable experience seems worthwhile.
GCFX falls short on its promise of consistently low spreads, with occasional fluctuations. Execution speed can be inconsistent, and the state-of-the-art platforms have occasional glitches. The level of security is unclear, and 24/7 support lacks responsiveness during crucial times. Considering these issues, exploring alternatives for a more reliable experience seems worthwhile.
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2023-12-06 11:19
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