GFC

Note:GFC's official website:https://nz.sp-investment.com/ is currently inaccessible normally.

GFC Information

Established in 1995 based on the Saint Vincent and the Grenadines, GFC offers VIP, Platinum, Gold, and Self Manager account types with different leverage up to 400 and minimum deposits ranging from €250,000+. Its ASIC license has been taken off, so it runs without any sensible oversight. Emails at compliance@gfcinvestment.com and support@gfcinvestment.com let one assist consumers.

Is GFC Legit or a Scam？

GFC's current regulation is null given its terminated ASIC license. This lack of regulatory supervision causes the company to deviate from the compliance and protection rules set by financial authorities, therefore raising the investment risks.

Account Types

VIP, Platinum, Gold, and Self Manager are the four account options GFC presents. With VIP up to 400, Platinum up to 300, Gold up to 200, and Self Manager up to 100 each account class has various leverage restrictions.

The minimum deposits for Self Manager accounts are €250; for Platinum accounts, they are €50,000; VIP accounts are only accessible by invitation.

Downsides of GFC

GFC runs without any reasonable regulatory oversight since it does not meet financial compliance requirements, so increasing the risk for investors.

ASIC has highlighted dubious business practices implying possible participation in scams, therefore casting further question on the trustworthiness and dependability of the broker.

Since GFC employs fake trading software and has a high potential risk classification, it is maybe a risky alternative for traders.

Conclusion

Finally, trading with GFC is quite dangerous because of its lack of legitimate control, claims of possible involvement in frauds, and usage of fake trading tools. To guarantee the security and protection of their money, investors are highly urged to use licensed brokers with open practices and confirmed qualifications.