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GCT -

Score

1.58 /10
Danger

GCT

China

5-10 years

Suspicious Regulatory License

Vanuatu Retail Forex License Revoked

High potential risk

http://www.gctexchange.com

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Regulatory Index0.00

Business Index7.56

Risk Management Index0.00

Software Index4.00

License Index0.00

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Warning: Low score, please stay away! 4
Previous Detection : 2024-11-06
  • It has been verified that this broker currently has no valid regulation. Please be aware of the risk!
  • VanuatuVFSC (license number: 14732) The regulatory status is abnormal, the official regulatory status is Revoked. Please be aware of the risk!

WikiFX Verification

GCT · Company summary

GCT Information

Established in 2012, GCT is licensed under revoked VFSC (Vanuatu Financial Services Commission). The main advantage of the platform is the low minimum deposit of $100; its revoked regulatory status increases investor risk.

GCT Information

Pros and Cons

ProsCons
Low minimum deposit of $100Revoked VFSC license
Trading on the widely-used MT4 platformNo diversed account types
Maximum leverage of 1:100

Is GCT Legit？

GCT's license with the Vanuatu Financial Services Commission (VFSC) has been revoked, meaning it no longer holds a valid regulatory license and operates without legal oversight.

VFSC
Vanuatu Financial Services Commission(VFSC)
Current StatusRevoked
Regulated byVFSC
License TypeRetail Forex License
License No.14732
Licensed InstitutionGCT CO., LIMITED

What Can I Trade on GCT？

GCT provides a limited range of market instruments, including forex, metals, commodities, currency pairs, and indices.

Tradable InstrumentsSupported
Forex✔
Metals✔
Commodities✔
Currency Pairs (FX)✔
Indices✔
Stocks❌
Cryptocurrencies❌

Account Type

GCT offers various live trading accounts and demo account.But no Islamic accounts.

Account Type
Account NameMinimum DepositMaximum LeverageSpreadsSuitable For
Standard$1001:100From 1.4 pipsBeginner to intermediate traders

Trading Platform

Trading PlatformSupportedAvailable DevicesSuitable for
MT4✔Desktop, MobileSuitable for all experience levels
Proprietary Platform❌--
Trading Platform

Customer Support

GCT offers customer support through phone and email.

Contact OptionsDetails
Phone400 998 5220
Emailsupport@gctexchange.com

The Bottom Line

GCT mostly offers small minimum deposit and MT4 platform application as perks. Still, considering its revoked VFSC licence and multiple consumer complaints, this is a high-risk decision. Although this site is not recommended generally, high-risk investors could find it suitable.

FAQs

Is GCT safe？

No, GCT is not safe. It has a revoked VFSC license.

Is GCT good for beginners？

No, the risks involved with this platform make it unsuitable for beginners.

Is GCT good for day trading？

No, the lack of transparency makes it not suitable for day trading.

User Reviews

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凡星
more than one year
I though this GCT broker is reliable, and they said they have been operating for more than 10 years. I put down $5000 here dreaming of making large fortunes. These jerks stole my money and run away!
I though this GCT broker is reliable, and they said they have been operating for more than 10 years. I put down $5000 here dreaming of making large fortunes. These jerks stole my money and run away!
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2022-12-16 11:39
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Wasana Anumas
more than one year
Urgent Response Requested！ I have invested a lot of my hard-earned money and not even 1 dollar I am NOT able to withdraw. I need my investment back. Phone calls have not been answered, emails have not been answered, and in the end how to connect with them? Kindly help urgently! Thank you.
Urgent Response Requested！ I have invested a lot of my hard-earned money and not even 1 dollar I am NOT able to withdraw. I need my investment back. Phone calls have not been answered, emails have not been answered, and in the end how to connect with them? Kindly help urgently! Thank you.
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2022-12-06 14:18
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